TO SHARE CHRIST'S LOVE AS WE SERVE THE SPIRITUAL, PHYSICAL, INTELLECTUAL AND EMOTIONAL NEEDS OF PEOPLE ENTRUSTED TO OUR CARE AND OTHERS WHOSE LIVES WE TOUCH.
Executive compensation
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2023
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Minnesota.
| Position | Total |
|---|---|
President & Below 10th percentile | $21k $23k |
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 8 unpaid individuals.
Top pay as a share of expenses
In 2023, the highest total compensation at FAITH RESIDENCE APARTMENTS INC equaled 18% 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 6%
from 2022
From $20k in 2022 to $21k in 2023.
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.
Chief Executive Officer pay rose 6% from 2022 to 2023, while revenue rose 20%.
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 FAITH RESIDENCE APARTMENTS INC
What does the Chief Executive Officer of FAITH RESIDENCE APARTMENTS INC earn?
In 2023, the Chief Executive Officer of FAITH RESIDENCE APARTMENTS INC received $21,403 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among Housing & Shelter organizations in Minnesota: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.
How does Chief Executive Officer pay at FAITH RESIDENCE APARTMENTS INC compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Minnesota, the 2023 pay of the Chief Executive Officer at FAITH RESIDENCE APARTMENTS INC falls in the bottom 10%. In 2023, the highest total compensation at FAITH RESIDENCE APARTMENTS INC equaled 18% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are FAITH RESIDENCE APARTMENTS INC's revenue and expenses?
In 2023, FAITH RESIDENCE APARTMENTS INC reported $92k in total revenue and $119k in total expenses on its IRS Form 990.
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