ADMINISTER SBA 504 LOAN PROGRAM AND OTHER ECONOMIC DEVELOPMENT ACTIVITIES IN ILLINOIS, FOUR COUNTIES IN INDIANA, AND TWO COUNTIES IN WISCONSIN.
Executive compensation, broken down
Form 990 · Part VII & Schedule J · 15 reported individuals · Filing year 2023
Percentile bands compare each position's total pay with the same role at Community Improvement & Capacity Building organizations nationwide.
- Base
- $226k
- Bonus
- $83k
- Other
- —
- Benefits
- —
- Base
- $121k
- Bonus
- $175k
- Other
- —
- Benefits
- $5k
- Base
- $139k
- Bonus
- $161k
- Other
- —
- Benefits
- —
- Base
- $189k
- Bonus
- $87k
- Other
- —
- Benefits
- $7k
- Base
- $158k
- Bonus
- $95k
- Other
- —
- Benefits
- $6k
- Base
- $178k
- Bonus
- $50k
- Other
- —
- Benefits
- $3k
- Base
- $156k
- Bonus
- $37k
- Other
- —
- Benefits
- $6k
- Base
- $131k
- Bonus
- $24k
- Other
- —
- Benefits
- $3k
- Base
- $135k
- Bonus
- —
- Other
- —
- Benefits
- $8k
| Position | Base | Bonus | Other | Benefits | Total |
|---|---|---|---|---|---|
President/ceo Above 90th percentilevs Community Improvement & Capacity Building peers in Illinois | $226k | $83k | — | — | $325k $360k |
Senior Vice President Median to 75th percentile | $121k | $175k | — | $5k | $318k $353k |
Senior Vice President Median to 75th percentile | $139k | $161k | — | — | $313k $346k |
Executive Vice President Median to 75th percentile | $189k | $87k | — | $7k | $283k $313k |
Executive Vice President Median to 75th percentile | $158k | $95k | — | $6k | $269k $298k |
Executive Vice President Median to 75th percentile | $178k | $50k | — | $3k | $245k $272k |
Former EVP & Clo (thru 9/23) Executive Vice President Median to 75th percentile | $156k | $37k | — | $6k | $208k $231k |
Senior Vice President 25th percentile to median | $131k | $24k | — | $3k | $166k $184k |
Senior Vice President 25th percentile to median | $135k | — | — | $8k | $151k $168k |
VP Marketing & Communications Board Vice President 25th percentile to median | — | — | — | — | $141k $156k |
VP Sbif Program Director Director (Operational) Median to 75th percentile | — | — | — | — | $138k $153k |
VP Nof Director Board Vice President 25th percentile to median | — | — | — | — | $131k $146k |
Loan Servicing Administrator Highest Compensated Employee 10th to 25th percentilevs Community Improvement & Capacity Building peers in Illinois | — | — | — | — | $114k $127k |
Senior Closing Officer Highest Compensated Employee 10th to 25th percentilevs Community Improvement & Capacity Building peers in Illinois | — | — | — | — | $114k $126k |
SVP Chief Credit Officer Senior Vice President Below 10th percentile | — | — | — | — | $38k $42k |
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 13 unpaid individuals.
Browse compensation in Community Improvement & Capacity Building →
Top pay as a share of expenses
In 2023, the highest total compensation at SOMERCOR 504 INC equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
Based on 10,247 community improvement & capacity building organizations, each measured at its most recent filing year with reported expenses and compensation.
Down 29%
from 2022
From $461k in 2022 to $325k in 2023.
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 16% from 2022 to 2023, while revenue held roughly steady.
- Senior Vice President pay fell 31% from 2022 to 2023.
- Executive Vice President pay fell 17% from 2022 to 2023.
Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2023.
Among peers
Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.
Common questions about SOMERCOR 504 INC
What does the Chief Executive Officer of SOMERCOR 504 INC earn?
In 2023, the Chief Executive Officer of SOMERCOR 504 INC received $325,325 in total compensation. This pay is in the top 10% for Chief Executive Officer roles among Community Improvement & Capacity Building organizations in Illinois: at least 9 in 10 comparable filings report less. Based on IRS Form 990 data.
How does Chief Executive Officer pay at SOMERCOR 504 INC compare with similar nonprofits?
Compared with the same role at Community Improvement & Capacity Building organizations in Illinois, the 2023 pay of the Chief Executive Officer at SOMERCOR 504 INC falls in the top 10%. In 2023, the highest total compensation at SOMERCOR 504 INC equaled 5% of the organization's total expenses. The median for community improvement & capacity building organizations is 14%.
What are SOMERCOR 504 INC's revenue and expenses?
In 2023, SOMERCOR 504 INC reported $7M in total revenue and $6.9M in total expenses on its IRS Form 990.
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