NEW RICHMOND SENIOR HOUSING, INC. DBA BOARDMAN MEADOWS, PROVIDES AFFORDABLE HOUSING TO LOW-INCOME QUALIFIED SENIOR CITIZENS, AGES 62 AND OLDER.
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 nationwide.
| Position | Total |
|---|---|
President & CEO 10th to 25th percentilevs Housing & Shelter peers in Minnesota | $42k $45k |
Board of Trustee Board Member Median to 75th percentile | $41k $44k |
Secretary and Tresurer Officer (Unspecified) | $41k $43k |
Assistany Secretary Officer (Unspecified) | $36k $38k |
Vp- Communications Mktg and Advocacy Key Employee 25th percentile to median | $30k $32k |
Board of Trustee Board Member 25th percentile to median | $16k $17k |
Secretary and Tresurer 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 1 unpaid individual.
Top pay as a share of expenses
In 2024, the highest total compensation at NEW RICHMOND SENIOR HOUSING INC equaled 11% 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.
Down 16%
from 2023
From $50k in 2023 to $42k in 2024.
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 fell 16% from 2023 to 2024, while revenue rose 7%.
- Board Member pay rose 53% from 2023 to 2024.
Pay for the position itself, not any one person. The officeholder may have changed between 2023 and 2024.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about NEW RICHMOND SENIOR HOUSING INC
What does the Chief Executive Officer of NEW RICHMOND SENIOR HOUSING INC earn?
In 2024, the Chief Executive Officer of NEW RICHMOND SENIOR HOUSING INC 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 NEW RICHMOND SENIOR HOUSING INC compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Minnesota, the 2024 pay of the Chief Executive Officer at NEW RICHMOND SENIOR HOUSING INC falls between the 10th and 25th percentiles. In 2024, the highest total compensation at NEW RICHMOND SENIOR HOUSING INC equaled 11% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are NEW RICHMOND SENIOR HOUSING INC's revenue and expenses?
In 2024, NEW RICHMOND SENIOR HOUSING INC reported $286k in total revenue and $374k in total expenses on its IRS Form 990.
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