SALEM VILLAGE III, INC. IS A SERVICE CORPORATION ORGANIZED FOR THE PURPOSE OF PROVIDING ELDERLY INDIVIDUALS WITH HOUSING FACILITIES AND SERVICES DESIGNED TO MEET THEIR SPECIAL NEEDS AND TO PROMOTE HEALTH, SECURITY, HAPPINESS, AND USEFULNESS.
Executive compensation
Form 990 · Part VII & Schedule J · 2 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in Illinois.
| Position | Total |
|---|---|
CEO 25th percentile to median | $55k $59k |
VP Finance/cfo Vice President Below 10th percentilevs Housing & Shelter peers nationwide | $2k $3k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with Chicago-Naperville-Elgin, IL-IN-WI metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Plus 15 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at SALEM VILLAGE III INC equaled 1% 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 3%
from 2023
From $56k in 2023 to $55k in 2024.
Estimated with Chicago-Naperville-Elgin, IL-IN-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 3% from 2023 to 2024, while revenue rose 4%.
- Vice President pay fell 65% 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 SALEM VILLAGE III INC
What does the Chief Executive Officer of SALEM VILLAGE III INC earn?
In 2024, the Chief Executive Officer of SALEM VILLAGE III INC received $54,780 in total compensation. This pay is below the median (the midpoint) for Chief Executive Officer roles among Housing & Shelter organizations in Illinois, but above the bottom quarter of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at SALEM VILLAGE III INC compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in Illinois, the 2024 pay of the Chief Executive Officer at SALEM VILLAGE III INC falls between the 25th percentile and the median. In 2024, the highest total compensation at SALEM VILLAGE III INC equaled 1% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are SALEM VILLAGE III INC's revenue and expenses?
In 2024, SALEM VILLAGE III INC reported $4.4M in total revenue and $5.2M in total expenses on its IRS Form 990.
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