THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO OWN AND OPERATE A 41 UNIT APARTMENT COMMUNITY IN GARNER, NORTH CAROLINA KNOWN AS CHADWICK APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS).
Executive compensation
Form 990 · Part VII & Schedule J · 11 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations nationwide.
| Position | Total |
|---|---|
President 10th to 25th percentilevs Housing & Shelter peers in North Carolina | $15k $17k |
Cfo/svp of Operations Officer (Unspecified) | $13k $15k |
VP of Homeownership Center Services Vice President 10th to 25th percentile | $13k $14k |
Senior Project Manager Project Manager Below 10th percentile | $12k $13k |
VP of Real Estate Development Vice President Below 10th percentile | $10k $11k |
VP of Impact Board Vice President Below 10th percentile | $9k $10k |
Senior Project Manager Project Manager Below 10th percentile | $8k $9k |
Senior Project Manager Project Manager Below 10th percentile | $8k $9k |
VP of Finance Vice President Below 10th percentile | $7k $8k |
Senior Project Manager Project Manager Below 10th percentile | $7k $7k |
Director of Enterprise S&d Highest Compensated Employee Below 10th percentile | $3k $4k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 5 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at CHADWICK APARTMENTS INC equaled 5% of the organization's total expenses. The median for housing & shelter organizations is 7%.
Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.
Up 11%
from 2022
From $14k in 2022 to $15k in 2023.
Estimated with BLS CPI-U for the South region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 11% from 2022 to 2023, while revenue rose 12%.
- Vice President pay rose 10% from 2022 to 2023.
- Board Vice President pay rose 4% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about CHADWICK APARTMENTS INC
What does the Chief Executive Officer of CHADWICK APARTMENTS INC earn?
In 2023, the Chief Executive Officer of CHADWICK APARTMENTS INC received $15,432 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Housing & Shelter organizations in North Carolina, above the lowest 10% of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at CHADWICK APARTMENTS INC compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in North Carolina, the 2023 pay of the Chief Executive Officer at CHADWICK APARTMENTS INC falls between the 10th and 25th percentiles. In 2023, the highest total compensation at CHADWICK APARTMENTS INC equaled 5% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are CHADWICK APARTMENTS INC's revenue and expenses?
In 2023, CHADWICK APARTMENTS INC reported $320k in total revenue and $332k in total expenses on its IRS Form 990.
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