TO PROVIDE HOUSING AND AUXILIARY FACILITIES FOR AGED PERSONS OF LOW INCOME, AND TO THIS END TO PLAN, ACQUIRE, CONSTRUCT, OWN, MAINTAIN AND OPERATE SUCH HOUSING AND AUXILIARY FACILITIES.
Executive compensation
Form 990 · Part VII & Schedule J · 1 reported individual · Filing year 2024
Percentile bands compare each position's total pay with the same role at Housing & Shelter organizations in New York.
| Position | Total |
|---|---|
Executive Director Median to 75th percentile | $114k $123k |
Teal figures restate each filed amount in 2026 dollars.
Estimated with BLS CPI-U for the Northeast region, 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 2024, the highest total compensation at SOMALTOW HOUSING COMPANY INC equaled 2% 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 4%
from 2023
From $110k in 2023 to $114k in 2024.
Estimated with BLS CPI-U for the Northeast region, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.
Chief Executive Officer pay rose 4% from 2023 to 2024, while revenue rose 4%.
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 SOMALTOW HOUSING COMPANY INC
What does the Chief Executive Officer of SOMALTOW HOUSING COMPANY INC earn?
In 2024, the Chief Executive Officer of SOMALTOW HOUSING COMPANY INC received $113,552 in total compensation. This pay is above the median (the midpoint) for Chief Executive Officer roles among Housing & Shelter organizations in New York, within the top half of comparable filings. Based on IRS Form 990 data.
How does Chief Executive Officer pay at SOMALTOW HOUSING COMPANY INC compare with similar nonprofits?
Compared with the same role at Housing & Shelter organizations in New York, the 2024 pay of the Chief Executive Officer at SOMALTOW HOUSING COMPANY INC falls between the median and the 75th percentile. In 2024, the highest total compensation at SOMALTOW HOUSING COMPANY INC equaled 2% of the organization's total expenses. The median for housing & shelter organizations is 7%.
What are SOMALTOW HOUSING COMPANY INC's revenue and expenses?
In 2024, SOMALTOW HOUSING COMPANY INC reported $4.6M in total revenue and $5.1M in total expenses on its IRS Form 990.
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