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PeerBasis
Compensation Comparability Determination

Asi - Watertown Inc

Executive Director / CEO

EIN 352331631
MN · NTEE L20
FY ending 2025-06-30
June 9, 2026

This analysis benchmarks the total compensation of Stephen Vander Schaaf, Executive Director / CEO ($68,006) against every comparable organization that fit the selection criteria — 197 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 80th percentile of comparable organizationswithin the typical range

Benchmarked executive: Stephen Vander Schaaf — reported title “PRESIDENT/TR”, selected as the organization's highest-paid individual — no exact title match, so confirm this is a comparable role.

How comparable organizations were selected

197 organizations qualified on sector, size, and geography 197 within the band form the benchmarked peer set.

Distribution of comparable compensation

$822 total compensation of comparable organizations → $305,976 $68,006
$7,04510th
$17,07825th
$32,569Median
$56,33475th
$80,72590th
$68,006This org · 80th
p10$7,045
p25$17,078
p50$32,569
p75$56,334
p90$80,725
$68,006

Comparable organizations

Each figure is Form 990 Part VII columns D + F (reportable pay plus other compensation and benefits; column F may include amounts from related organizations), normalized to MN cost of living (BEA RPP, 2023) and to its filing year (CPI-U); the reported amount is on each linked 990.

OrganizationStateRevenueMatched titleComp
(reported)
Comp
(adjusted)
FY
New Century Center CA$122,407 Ceo $23,461 $21,045 2024
Phipps Affordable Housing Support Corp NY$122,719 President/ceo $180,441 $169,379 2024
Mental Health Center Of Champaign IL$121,789 Director $42,513 $43,417 2024
Northern Area Homes Inc PA$123,694 Maintenance $12,300 $12,742 2024
Ken-crest Housing Pa 2010 Inc PA$123,922 Ceo $29,531 $30,592 2024
Monhegan Island Sustainable ME$120,599 Treasurer $2,200 $2,288 2024
Demarest Farm 2 Inc NJ$124,657 President & Ceo $25,881 $24,005 2024
Keystone Place Housing Corporation MO$124,886 Executive Director $9,171 $10,091 2024
Lss Housing Woodside Inc WI$124,913 President $40,683 $44,136 2024
Asi Rochester Inc MN$120,032 President/tr $65,715 $67,454 2024
Bethesda Spruce Street Development PA$119,748 Ceo $11,765 $12,187 2024
Lss Housing Woodview Inc WI$119,194 President $40,683 $44,136 2024
Lss Housing Prairieview Inc WI$126,479 President $40,683 $44,136 2024
Potomac River Homes Inc MD$126,731 President $20,272 $20,269 2023
West Bergen Specialized Housing Inc NJ$118,059 Executive Director, West B $9,993 $9,268 2024
Oxford Trace Apartments Inc TX$127,450 President/ce $18,400 $19,120 2024
2life Opus Inc MA$117,303 President $36,606 $34,172 2024
West Routt Housing Inc CO$116,227 Secretary $12,000 $11,954 2024
Pahc Sheridan Apartments Inc CA$128,828 President & Ceo $65,172 $58,460 2024
Preserving Us Inc KS$116,126 Executive Director $127,404 $142,981 2024
Housing Opportunities Corporation PA$128,887 Executive Director $8,219 $8,514 2024
Worthington Christian Village OH$128,925 Ceo / Exec Dir $3,360 $3,806 2023
Grant Manor Homeowners Association MA$115,931 Director $76,210 $71,141 2024
Fulfilling Housing Inc OH$115,822 Executive Director $15,476 $17,027 2024
Mercy Properties Washington CO$129,164 President/director $43,633 $43,462 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MN cost of living and 2025 dollars. Click any organization to verify the figure on ProPublica.

Methodology

Comparable organizations were drawn from electronically filed IRS Form 990 returns and matched on sector (NTEE code), budget (a size-adaptive revenue band that tightens as the organization grows), and geography (same-state first, broadening only when too few peers qualify); every organization within the band forms the peer set. To compare fairly across regions and years, peer compensation is normalized to MN cost of living (BEA Regional Price Parities, 2023) and to the subject's filing year (CPI-U). The figure benchmarked is Form 990 Part VII, Section A, columns D + F — reportable pay plus other compensation, benefits, and deferred amounts (column F may include amounts from related organizations) — with the chief executive matched by role. Related-organization amounts (column E) and institutional trustees are excluded. Full methodology: peerbasis.org/methodology.

Sample, role match & sensitivity

Sensitivity — the subject's percentile under alternative compensation definitions:

BasisSubject percentile
Total compensation (D + F), cost-of-living + inflation adjusted — the PeerBasis default80th
Total compensation (D + F), as reported (no adjustments)82nd
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted88th

If the percentile moves materially across these definitions, the result is sensitive to methodology choices, and the board should weigh which basis best fits its facts.

Rebuttable presumption of reasonableness · 26 CFR 53.4958-6

Compensation paid by a tax-exempt organization is presumed reasonable — shifting the burden to the IRS — when three requirements are met. This report supplies the comparability data for the second. The board should record the following in its minutes concurrently with its decision:

Draft board minutes — executive compensation

  1. The compensation of the Executive Director / CEO (Stephen Vander Schaaf) was approved in advance by [the Board / Compensation Committee], composed of members with no conflict of interest with respect to the arrangement.
  2. Prior to its determination, the authorized body obtained and relied upon appropriate comparability data, namely the PeerBasis Compensation Comparability Determination dated June 9, 2026, comparing compensation against 197 similarly situated organizations (Same NTEE sector (L20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $68,006 is reasonable (approximately the 80th percentile of comparable organizations) and documented the basis for this determination concurrently, on [date], by a vote of [__ for / __ against].

Sources: IRS Form 990 e-file data (apps.irs.gov); IRS Business Master File (NTEE classification). Every figure traces to an original public filing — click any organization above to verify it on ProPublica. PeerBasis is a service of Prismind Analytics; its methodology is published, was commissioned for independent adversarial review, and discloses its own limitations. This report is comparability data to support a board's good-faith determination under IRC 4958; it is not legal or tax advice. Generated by PeerBasis on June 9, 2026.