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PeerBasis
Compensation Comparability Determination

Spectrum Closter Apartments Inc

Executive Director / CEO

EIN 743040169
NJ · NTEE L20
FY ending 2024-12-31
June 9, 2026

This analysis benchmarks the total compensation of Christopher L Perry, Executive Director / CEO ($54,495) against every comparable organization that fit the selection criteria — 223 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 68th percentile of comparable organizationswithin the typical range

Benchmarked executive: Christopher L Perry — reported title “PRESIDENT/CEO”, a direct title match to the Executive Director / CEO role.

How comparable organizations were selected

223 organizations qualified on sector, size, and geography 223 within the band form the benchmarked peer set.

Distribution of comparable compensation

$452 total compensation of comparable organizations → $258,964 $54,495
$9,63310th
$20,40825th
$39,171Median
$63,12875th
$87,28490th
$54,495This org · 68th
p10$9,633
p25$20,408
p50$39,171
p75$63,128
p90$87,284
$54,495

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 NJ 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
Lss Manor Inc - Marquette WI$148,963 President $40,683 $47,587 2024
East 54th Street Housing Development NY$149,704 Ceo $60,217 $62,745 2023
Coventry Housing RI$149,882 Executive Director $37,411 $40,178 2024
Ocl Properties Ix Inc NY$147,783 Chief Financial Officer $73,290 $74,175 2024
The Meadows Of Guerin Inc IN$150,424 President/ceo $6,437 $7,603 2024
The Village At Oasis Park Phase I AZ$146,482 Ceo $47,886 $51,580 2024
Housing Opportunities Made Equal MI$152,206 Executive Di $52,028 $60,147 2024
Fort Hill Avenue Inc MA$145,235 President (As Of 8/22/22) $2,702 $2,800 2023
Ocean Housing Foundation CA$144,987 Chief Executive Officer $61,000 $60,738 2023
Habitat For Humanity South Carolina SC$144,857 Executive Dir. $76,256 $91,733 2023
Morris County Affordable Housing NJ$144,501 Director $4,736 $4,876 2023
Salishan Apartments Inc CA$144,446 Secretary/treasurer $37,437 $37,276 2023
New Vision Residential Services Inc KY$153,520 President/ceo $5,611 $6,752 2024
Appleton Housing Corporation MA$143,893 President (As Of 8/22/22) $2,702 $2,800 2023
Southeastern Ohio H E A R T Inc OH$143,800 President $24,000 $28,471 2024
Merrimack Housing Corporation MA$143,623 President (As Of 8/22/22) $2,702 $2,800 2023
Hardin County Housing Development Inc OH$143,502 Maintenance Manager $43,051 $52,579 2023
Western Wayne Affordable Housing IN$154,497 President $750 $886 2024
Commonweal Conservancy Inc NM$154,587 President $208,804 $258,964 2023
Jefferson Park Inc MO$154,742 President & Ceo $19,685 $24,041 2023
F W Residential Properties Inc IL$143,152 Chair $19,355 $20,763 2025
Cahuenga Housing Foundation CA$154,984 Chief Executive Officer $61,000 $60,738 2023
Asi - Fargo Inc MN$155,341 President/tr $68,006 $73,323 2025
Carbondale Supportive Housing Inc MN$142,529 President/tr $65,715 $74,875 2023
Ken-crest Housing Pa 2007 Inc PA$142,087 Ceo $29,531 $32,984 2024

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to NJ 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 NJ 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 default68th
Total compensation (D + F), as reported (no adjustments)70th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted77th

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 (Christopher L Perry) 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 223 similarly situated organizations (Same NTEE sector (L20), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $54,495 is reasonable (approximately the 68th 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.