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PeerBasis
Compensation Comparability Determination

Main Street Apartments Inc

Executive Director / CEO

EIN 911767139
CA · NTEE L99
FY ending 2025-03-31
June 9, 2026

This analysis benchmarks the total compensation of Karim Sultan, Executive Director / CEO ($21,168) against every comparable organization that fit the selection criteria — 48 in total — drawn systematically from IRS Form 990 filings, not a hand-picked subset.

Compensation sits at approximately the 15th percentile of comparable organizationsbelow the typical range for comparable organizations

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

How comparable organizations were selected

48 organizations qualified on sector, size, and geography 48 within the band form the benchmarked peer set.

Distribution of comparable compensation

$1,726 total compensation of comparable organizations → $243,986 $21,168
$19,34010th
$39,51625th
$69,994Median
$93,79575th
$139,92390th
$21,168This org · 15th
p10$19,340
p25$39,516
p50$69,994
p75$93,795
p90$139,923
$21,168

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 CA 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
Open Arms Development Corporation OH$368,146 Executive Director $45,540 $57,336 2024
Grace Place Inc MN$366,805 Presidentexecutive Director $53,083 $62,350 2024
123 Crawford Street Inc MA$372,992 Cfo $1,616 $1,726 2024
Architectural Salvage Warehouse Of MI$389,144 Executive Di $76,648 $94,044 2024
Montana Fair Housing Inc MT$347,061 Executive Director $68,450 $87,709 2024
Warriors Center For Women Hardeman County TN$344,209 Executive Director $33,208 $41,494 2024
The Innovative Housing Institute Inc MD$340,116 Executive Dir. $93,148 $106,577 2023
Usvets - Arizona CA$399,672 President & Ceo $18,095 $19,122 2023
Bleeding Disorders Association SC$401,157 Director $75,000 $95,756 2023
Coronado Interfaith Housing Corporation CA$402,681 President $12,848 $13,188 2024
Turn The Hearts CA$332,375 Director Of Operations $24,000 $25,363 2023
Mercy House Ministries Inc TX$329,287 Director $57,430 $68,290 2024
Harmony Village Senior Nonprofit Housing Corp MI$415,474 Administrator $48,655 $59,697 2024
Miracles Happen Recovery Residence GA$416,035 Executive Di $45,000 $55,374 2023
Car Housing Affordability Fund CA$420,324 Treasurer $47,274 $49,958 2023
Jacksonville Community Land Trust Inc FL$424,173 Executive Director $137,461 $158,038 2023
Potter's House Mission Inc PA$424,203 President $73,455 $89,648 2023
330 East 4th Street Housing Development Fund NY$311,159 Vice President $61,207 $67,688 2023
Midwifery Education Accreditation MN$307,222 Executive Director $117,783 $138,346 2024
Los Sures 101 South 3rd Housing NY$434,107 Executive Director $17,573 $19,434 2023
Housing Works Lyman Prospect Hdfc NY$302,476 Secretary $27,348 $30,244 2023
Anayat House Inc TX$300,277 Executive Director $63,723 $78,010 2023
Helping Hands Fund MT$441,450 Executive Director $26,209 $33,583 2024
St Croix Family Resource Center MN$442,046 Executive Director $76,879 $87,973 2025
Asbury Arms North Inc FL$445,308 Ceo/presiden $36,488 $41,950 2023

Comp (reported) is the figure on each organization's Form 990 (columns D + F); Comp (adjusted) normalizes it to CA 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 CA 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 default15th
Total compensation (D + F), as reported (no adjustments)17th
Reportable pay only (column D), adjusted0th
All sources (D + E + F), adjusted73rd

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 (Karim Sultan) 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 48 similarly situated organizations (Same NTEE sector (L99), nationwide + budget 0.67–1.5× revenue).
  3. The authorized body determined that total compensation of $21,168 is reasonable (approximately the 15th 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.