THE PROJECT WAS ESTABLISHED AS A NON-PROFIT CORPORATION PURSUANT TO THE LAWS AND REGULATIONS OF THE STATE OF SOUTH CAROLINA FOR THE PURPOSE OF CONSTRUCTING, OWNING AND OPERATING A 20-UNIT APARTMENT PROJECT FOR LOW-INCOME INDIVIDUALS WITH DISABILITIES LOCATED IN COLUMBIA, SOUTH CAROLINA. THE PROJECT IS OPERATED UNDER SECTION 811 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE PROJECT ALSO HAS A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD, AND A SIGNIFICANT PORTION OF THE PROJECT'S RENTAL INCOME IS RECEIVED FROM HUD. THE PROJECT IS OPERATED BY MENTAL ILLNESS RECOVERY CENTER, INC. (MIRCI), A NONPROFIT CORPORATION THAT PROVIDES SOCIAL REHABILITATION FOR INDIVIDUALS IN THE COLUMBIA AREA WHO HAVE MENTAL ILLNESS AND/OR EMOTIONAL PROBLEMS AND IS RELATED BY COMMON CONTROL AND MANAGEMENT.
Executive compensation
Form 990 · Part VII & Schedule J · 3 reported individuals · Filing year 2024
Percentile bands compare each position's total pay with the same role at Human Services organizations nationwide.
| Position | Total |
|---|---|
President Below 10th percentilevs Human Services peers in South Carolina | $11k $12k |
Secretary Secretary (Operational) 10th to 25th percentile | $8k $8k |
Treasurer Below 10th percentile | $7k $8k |
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 11 unpaid individuals.
Top pay as a share of expenses
In 2024, the highest total compensation at SANDSTONE APARTMENTS INC equaled 6% of the organization's total expenses. The median for human services organizations is 8%.
Based on 26,698 human services organizations, each measured at its most recent filing year with reported expenses and compensation.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about SANDSTONE APARTMENTS INC
What does the Chief Executive Officer of SANDSTONE APARTMENTS INC earn?
In 2024, the Chief Executive Officer of SANDSTONE APARTMENTS INC received $11,108 in total compensation. This pay is in the bottom 10% for Chief Executive Officer roles among Human Services organizations in South Carolina: at least 9 in 10 comparable filings report more. Based on IRS Form 990 data.
How does Chief Executive Officer pay at SANDSTONE APARTMENTS INC compare with similar nonprofits?
Compared with the same role at Human Services organizations in South Carolina, the 2024 pay of the Chief Executive Officer at SANDSTONE APARTMENTS INC falls in the bottom 10%. In 2024, the highest total compensation at SANDSTONE APARTMENTS INC equaled 6% of the organization's total expenses. The median for human services organizations is 8%.
What are SANDSTONE APARTMENTS INC's revenue and expenses?
In 2024, SANDSTONE APARTMENTS INC reported $156k in total revenue and $175k in total expenses on its IRS Form 990.
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