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PeerBasis
Compensation Comparability Determination

Asi Freeport Senior Housing Inc

Executive Director / CEO

EIN 371546696
MN · NTEE L22
FY ending 2024-06-30
June 9, 2026

This analysis benchmarks the total compensation of Stephen Vander Schaaf, Executive Director / CEO ($65,715) against every comparable organization that fit the selection criteria — 20 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 45th 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

20 organizations qualified on sector, size, and geography 20 within the band form the benchmarked peer set.

Distribution of comparable compensation

$2,256 total compensation of comparable organizations → $79,469 $65,715
$19,47710th
$19,47725th
$66,253Median
$66,25375th
$66,39390th
$65,715This org · 45th
p10$19,477
p25$19,477
p50$66,253
p75$66,253
p90$66,393
$65,715

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
Ebenezer Lakes Senior Housing MN$225,186 President $77,189 $79,469 2023
River Town Heights Inc MN$224,666 President And Ceo $41,871 $41,871 2024
Franklin Senior Housing MN$223,134 Executive Vp Of Commonbond Housing $18,918 $19,477 2023
Clark County Supportive Housinginc MN$221,935 President/tr $68,006 $66,253 2025
Owatonna Senior Housing Inc MN$221,450 President/tr $68,006 $66,253 2025
Wellstone Commons Senior Housing MN$218,737 Executive Vice President $18,918 $19,477 2023
Good Shepherd Senior Apartments MN$215,235 Administrator $2,256 $2,256 2024
Catholic Eldercare At St Hedwig's MN$242,381 President/ceo $33,545 $33,545 2024
Cheyenne Senior Housing Inc MN$250,150 President/tr $68,006 $66,253 2025
Garden Terrace Commons Senior Housing MN$255,476 Executive Vice President $18,918 $19,477 2023
Hudson Senior Housing Inc MN$256,839 President/tr $68,006 $66,253 2025
Asi Dakota County Inc MN$188,708 President/tr $68,006 $66,253 2025
Bozeman Senior Housing Inc MN$268,145 President/tr $68,006 $66,253 2025
Tonopah Lamb Senior Housing Inc MN$172,831 President/tr $68,006 $66,253 2025
New Richmond Senior Housing Inc MN$286,056 President & Ceo $41,871 $41,871 2024
Independent Living Waipahu Inc MN$288,164 President/tr $65,715 $67,656 2023
Boulevard Gardens Senior Housing MN$291,169 Eexecutive Vp Commonbond Housing $18,918 $19,477 2023
Asi - Bozeman Inc MN$163,239 President/tr $68,006 $66,253 2025
Topeka Supportive Housing Inc MN$162,367 President/tr $68,006 $66,253 2025
Community For Affordable Senior MN$335,417 Evp Of Commonbond Housing $18,918 $19,477 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to MN cost of living and 2024 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 default45th
Total compensation (D + F), as reported (no adjustments)45th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted45th

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 20 similarly situated organizations (Same NTEE sector (L22) + MN + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $65,715 is reasonable (approximately the 45th 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.