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Filing year 2024

SOMERSET ARC APARTMENTS INC

Manville, New Jersey·EIN 22-2537989·NTEE L20Z · Housing & Shelter·501(c)(3)
Total revenue
$243k
Total assets
$310k
Total expenses
$188k
Reported officers
7
Mission

TO PROVIDE AFFORDABLE, COMMUNITY BASED, SUPPORTED HOUSING TO INDIVIDUALS WITH INTELLECTUAL AND DEVELOPMENTAL DISABILITIES.

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 Housing & Shelter organizations in New Jersey.

Assoc. Executive Director
10th to 25th percentile
$18k
$19k
Director of HR
Highest Compensated Employee
Below 10th percentilevs Housing & Shelter peers nationwide
$17k
$19k
Executive Director
Below 10th percentile
$8k
$8k

Teal figures restate each filed amount in 2026 dollars.

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Plus 4 unpaid individuals.

Browse compensation in Housing & Shelter

Pay in context

Top pay as a share of expenses

In 2024, the highest total compensation at SOMERSET ARC APARTMENTS INC equaled 10% of the organization's total expenses. The median for housing & shelter organizations is 7%.

This organization (2024)
10%
Sector median
7%
Middle half of sector
3% to 16%

Based on 7,888 housing & shelter organizations, each measured at its most recent filing year with reported expenses and compensation.

Fell 45%
over 2 years

From $32k in 2022 to $18k in 2024.

$32k
2022
$157k
2023
$18k
2024
In today's dollarsEst.
Down 49% in real terms$38k to $19k

Estimated with New York-Newark-Jersey City, NY-NJ-PA metro-area CPI-U, restating filed pay into May 2026 dollars. A restatement of past pay, not current or projected pay.

Pay for the position

Chief Executive Officer pay fell 45% from 2022 to 2024, while revenue rose 16%.

$32k in 2022 to $18k in 2024.

Pay for the position itself, not any one person. The officeholder may have changed between 2022 and 2024.

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

Among peers

Revenue and top compensation, plotted against similar organizations. This organization is highlighted in cyan.

FAQ

Common questions about SOMERSET ARC APARTMENTS INC

What does the Chief Executive Officer of SOMERSET ARC APARTMENTS INC earn?

In 2024, the Chief Executive Officer of SOMERSET ARC APARTMENTS INC received $17,880 in total compensation. This pay is in the bottom quarter for Chief Executive Officer roles among Housing & Shelter organizations in New Jersey, above the lowest 10% of comparable filings. Based on IRS Form 990 data.

How does Chief Executive Officer pay at SOMERSET ARC APARTMENTS INC compare with similar nonprofits?

Compared with the same role at Housing & Shelter organizations in New Jersey, the 2024 pay of the Chief Executive Officer at SOMERSET ARC APARTMENTS INC falls between the 10th and 25th percentiles. In 2024, the highest total compensation at SOMERSET ARC APARTMENTS INC equaled 10% of the organization's total expenses. The median for housing & shelter organizations is 7%.

What are SOMERSET ARC APARTMENTS INC's revenue and expenses?

In 2024, SOMERSET ARC APARTMENTS INC reported $243k in total revenue and $188k in total expenses on its IRS Form 990.

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