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Filing year 2024

BENET PLACE

Shoreview, Minnesota·EIN 41-1765356·NTEE L99Z · Housing & Shelter·501(c)(3)
Total revenue
$509k
Total assets
$1M
Total expenses
$707k
Reported officers
11
Mission

BENET PLACE PROVIDES AFFORDABLE HOUSING TO LOW-INCOME QUALIFIED SENIOR CITIZENS, AGES 62 AND OLDER, THROUGH THE HUD-SPONSORED PROGRAM.

Executive compensation

Form 990 · Part VII & Schedule J · 7 reported individuals · Filing year 2024

Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Minnesota.

President and CEO
10th to 25th percentile
$42k
$45k
Board of Trustee
Board Member
Median to 75th percentilevs Housing & Shelter peers nationwide
$41k
$44k
Secretary and Treasurer
Officer (Unspecified)
$41k
$43k
Assistant Secretary
Officer (Unspecified)
$36k
$38k
VP Communications Mktg and Advocacy
Board Vice President
75th to 90th percentile
$30k
$32k
Board of Trustee
Board Member
25th percentile to medianvs Housing & Shelter peers nationwide
$16k
$17k
Secretary and Treasurer
Officer (Unspecified)
$13k
$14k

Teal figures restate each filed amount in 2026 dollars.

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 4 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at BENET PLACE equaled 6% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2024)
6%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Climbed 84%
over 2 years

From $23k in 2022 to $42k in 2024.

$23k
2022
$12k
2023
$42k
2024
In today's dollarsEst.
Up 75% in real terms$25k to $45k

Estimated with Minneapolis-St.Paul-Bloomington, MN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Director (Operational) pay fell 47% from 2022 to 2023, while revenue fell 5%.

$23k in 2022 to $12k in 2023.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about BENET PLACE

What does the Chief Executive Officer of BENET PLACE earn?

In 2024, the Chief Executive Officer of BENET PLACE received $41,871 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Housing & Shelter organizations in Minnesota, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at BENET PLACE compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations in Minnesota, the 2024 pay of the Chief Executive Officer at BENET PLACE falls between the 10th and 25th percentiles. In 2024, the highest total compensation at BENET PLACE equaled 6% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are BENET PLACE's revenue and expenses?

In 2024, BENET PLACE reported $509k in total revenue and $707k in total expenses on its IRS Form 990.

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