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PeerBasis
Compensation Comparability Determination

Shepherd Oak Apartments Inc

Executive Director / CEO

EIN 411773664
MN · NTEE L22Z
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Michael Stordahl, Executive Director / CEO ($26,425) 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 40th percentile of comparable organizationswithin the typical range

Benchmarked executive: Michael Stordahl — reported title “PRESIDENT/CEO/ADMINISTRATOR”, a direct title match to the Executive Director / CEO 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

$19,477 total compensation of comparable organizations → $162,989 $26,425
$19,47710th
$23,38525th
$41,140Median
$66,25375th
$68,31390th
$26,425This org · 40th
p10$19,477
p25$23,385
p50$41,140
p75$66,253
p90$68,313
$26,425

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
Opportunity Neighborhood MN$415,039 Executive Director $74,223 $74,223 2024
Sholom St Paul Senior Housing Inc MN$422,892 Ceo $22,194 $22,194 2024
Riverview Apartments Senior Housing MN$365,928 Executive Vp Of Commonbond $23,297 $23,297 2024
Centennial Square MN$363,314 Ceo $39,249 $40,408 2023
Shepherd Oaks West Apartments Inc MN$361,165 President/ceo/administrato $26,425 $26,425 2024
Rochester Senior Housing Inc MN$436,349 President/tr $65,715 $65,715 2024
Rosewood Court Inc MN$355,963 Ceo Of Bhs $158,313 $162,989 2023
Community For Affordable Senior MN$335,417 Evp Of Commonbond Housing $18,918 $19,477 2023
Benet Place South MN$464,119 President And Ceo $41,871 $41,871 2024
Carty Heights MN$491,083 President/ceo $23,414 $23,414 2024
Asi Coronado Inc MN$492,718 President/tr $68,006 $66,253 2025
Boulevard Gardens Senior Housing MN$291,169 Eexecutive Vp Commonbond Housing $18,918 $19,477 2023
Independent Living Waipahu Inc MN$288,164 President/tr $65,715 $67,656 2023
New Richmond Senior Housing Inc MN$286,056 President & Ceo $41,871 $41,871 2024
Bozeman Senior Housing Inc MN$268,145 President/tr $68,006 $66,253 2025
Helena Elderhousing Inc MN$526,243 President/tr $68,006 $66,253 2025
Midway Pointe MN$533,311 President/ceo $23,414 $23,414 2024
Kings Crossing Apartments MN$545,388 President/ceo $23,414 $23,414 2024
Arbor Lakes Senior Housing MN$563,269 Executive Vice President Of Commonbond Housing $18,918 $19,477 2023
Mount Olivet Day Services MN$577,346 Administrator $61,525 $63,342 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 default40th
Total compensation (D + F), as reported (no adjustments)40th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted5th

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 (Michael Stordahl) 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 $26,425 is reasonable (approximately the 40th 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.