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Filing year 2024

SOMALTOW HOUSING COMPANY INC

Albany, New York·EIN 23-7120738·NTEE L20Z · Housing & Shelter·3
Total revenue
$4.6M
Total assets
$11.9M
Total expenses
$5.1M
Reported officers
9
Mission

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 · Schedule J · 1 reported individual · Filing year 2024

Executive Director
$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.

Browse compensation in Housing & Shelter

Up 4%
from 2023

From $110k in 2023 to $114k in 2024.

$110k
2023
$114k
2024
In today's dollarsEst.
Roughly flat in real terms$122k to $123k

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.

Highest reported compensation in each year. Volunteer board members and partial-year payouts are filtered out.
Financial trend

Revenue and expenses over time

SOMALTOW HOUSING COMPANY INC reported revenue and expenses across 2 filing years.

RevenueExpenses
$4.4M
$4.8M
2023
$4.6M
$5.1M
2024
Total revenue and total expenses from IRS Form 990 filings.
Sector benchmark

What Housing & Shelter executives earn in New York

Comparable housing & shelter organizations in New York pay their highest-earning executive a median of $56,322.

25th percentile
$27k
Median
$56,322
75th percentile
$123k
90th percentile
$209k

These are housing & shelter sector-wide figures, not this organization's reported pay. Based on 264 organizations across 264 filings (2022 – 2023).

See full Housing & Shelter pay data for New York
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