Pathstone Corporation
- Assets
- $44.3m
- Revenue
- $43.2m
- Investments
- $0.0
- Employees
- 756
- Location
- Rochester, NY
- Founding
- 09/1982
- Data as of
- 09/2023
- EIN
- 16-0984913
Organization Overview
Pathstone Corporation is located in Rochester, NY. The organization was established in 1982. According to its NTEE Classification (S32) the organization is classified as: Rural Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 09/2023, Pathstone Corporation employed 756 individuals. This organization is a parent organization of an affiliated group for tax-exemption purposes. Pathstone Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Pathstone Corporation generated $43.2m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 4.0% each year. All expenses for the organization totaled $42.4m during the year ending 09/2023. While expenses have increased by 3.8% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
PATHSTONE BUILDS FAMILY AND INDIVIDUAL SELF-SUFFICIENCY BY STRENGTHENING FARMWORKER, RURAL AND URBAN COMMUNITIES. PATHSTONE PROMOTES SOCIAL JUSTICE THROUGH PROGRAMS AND ADVOCACY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ADULT EDUCATION, TRAINING & EMPLOYMENT: PROVIDE QUALITY JOB TRAINING AND EMPLOYMENT SERVICES LEADING TO GAINFUL EMPLOYMENT AT LIVABLE WAGES FOR INDIVIDUALS WHO ARE UNDEREMPLOYED OR UNEMPLOYED. THE SERVICES OFFERED ARE: SKILLS ASSESSMENT, JOB TRAINING, CAREER EXPLORATION, PLACEMENT AND RETENTION SUPPORT. THOSE SERVED INCLUDE: FARMWORKERS, SENIORS, FORMERLY INCARCERATED/RETURNING CITIZENS, TANF RECIPIENTS, RESIDENTS OF TARGETED COMMUNITIES, AND OTHER LOW-WAGE WORKERS. 3,665 PEOPLE WERE ENROLLED IN SERVICES AND 759 MORE WERE PLACED IN JOBS. SERVICES ARE AVAILABLE IN: MAINE, NEW JERSEY, NEW YORK, OHIO, PENNSYLVANIA, PUERTO RICO, VERMONT, AND VIRGINIA.CONTINUED ON SCHEDULE OTHIS PROGRAM IS SUPPORTED BY GOVERNMENT GRANTS AND CONTRIBUTIONS OF $12,507,482.
CHILD & FAMILY DEVELOPMENT: PROVIDES COMPREHENSIVE SERVICES TO PREGNANT MOTHERS AND CHILDREN AGES BIRTH TO SCHOOL AGE TO INCREASE SOCIAL, EMOTIONAL AND EDUCATIONAL SKILLS THROUGH ACTIVITIES DESIGNED TO PROMOTE THE OVERALL WELL-BEING OF THE CHILD AND FAMILY. THE SERVICES OFFERED ARE: FULL DAY PREPARATION FOR SCHOOL READINESS, EDUCATION AND FAMILY LITERACY ACTIVITIES TO PARENTS, NUTRITIOUS MEALS TO CHILDREN AND REFERRALS TO COMMUNITY RESOURCES. 955 INDIVIDUALS WERE SERVED IN HEAD START PROGRAMS: MIGRANT & SEASONAL HEAD START, HEAD START, EARLY HEAD START AND STATE FUNDED PROGRAMS: HEAD START STATE SUPPLEMENTAL, PRE-K COUNTS, AND INFANT TODDLER CONTRACTED SLOTS PROGRAMS. SERVICES ARE AVAILABLE IN: NEW JERSEY AND PENNSYLVANIA.CONTINUED ON SCHEDULE OTHIS PROGRAM IS SUPPORTED BY GOVERNMENT GRANTS AND CONTRIBUTIONS OF $8,649,627.
SUPPORTIVE HOUSING & RENTAL ASSISTANCE SERVICES: PROVIDE SUPPORTIVE SERVICES FOR RESIDENTS LIVING IN PATHSTONE CORPORATION RENTAL COMMUNITIES CONSISTING OF: SOCIAL, EDUCATIONAL AND RECREATIONAL ENRICHMENT PROGRAMS, INFORMATION AND REFERRALS FOR CRISIS SUPPORT, AND ACCESS TO HEALTH, NUTRITION, MENTAL HEALTH AND OTHER COMMUNITY-BASED SERVICES TO TENANTS. 1,248 RESIDENTS RECEIVED SUPPORTIVE HOUSING SERVICES THROUGHOUT THE PATHSTONE RENTAL PROPERTY PORTFOLIO.CONTINUED ON SCHEDULE OPROVIDE APARTMENT RENTAL ASSISTANCE THROUGH SECTION 8 HOUSING CHOICE VOUCHER PROGRAM TO 6,039 LOW-INCOME FAMILIES AND SENIORS LIVING IN SIX NEW YORK STATE COUNTIES. STAFF MEMBERS REGULARLY REFER PARTICIPANTS TO COMMUNITY RESOURCES. ELIGIBLE PARTICIPANTS CAN PARTICIPATE IN THE FAMILY SELF-SUFFICIENCY PROGRAM WHICH PROVIDES INDIVIDUALIZED COACHING AND SUPPORT DESIGNED TO RESULT IN MEANINGFUL SELF-SUPPORTING EMPLOYMENT.THIS PROGRAM IS SUPPORTED BY GOVERNMENT GRANTS AND CONTRIBUTIONS OF $6,432,895
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aliz Perea-Jimenez Board Member | Trustee | 0.8 | $0 |
Andre Harper Board Member | Trustee | 0.8 | $0 |
Arlene Wilson Chairperson | OfficerTrustee | 1.2 | $0 |
Belsy Velez Board Member | Trustee | 0.8 | $0 |
Eric Shoen-Ukre Board Member | Trustee | 0.8 | $0 |
Ernest Caswell Board Member | Trustee | 1.2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Carl Newcombe Construction | 9/29/23 | $174,862 |
Brian Martin Information Technology Consultant | 9/29/23 | $155,300 |
Hughesco Of Rochesterbuffalo Energy Inc Construction | 9/29/23 | $152,650 |
Genesee Country Residential Services Construction | 9/29/23 | $151,069 |
Kesha James Curriculum Specialist | 9/29/23 | $126,828 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $213,736 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $37,139,836 |
| All other contributions, gifts, grants, and similar amounts not included above | $4,821,355 |
| Noncash contributions included in lines 1a–1f | $96,449 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $42,174,927 |
| Total Program Service Revenue | $577,894 |
| Investment income | $140,085 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $356,972 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $43,249,878 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $7,052,324 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $527,095 |
| Compensation of current officers, directors, key employees. | $527,095 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,204,515 |
| Pension plan accruals and contributions | $570,068 |
| Other employee benefits | $4,284,426 |
| Payroll taxes | $2,083,861 |
| Fees for services: Management | $325,130 |
| Fees for services: Legal | $64,824 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $724,791 |
| Advertising and promotion | $0 |
| Office expenses | $3,182,471 |
| Information technology | $318,518 |
| Royalties | $0 |
| Occupancy | $3,523,497 |
| Travel | $1,203,155 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50,439 |
| Interest | $2,114 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $189,331 |
| Insurance | $343,693 |
| All other expenses | $505,950 |
| Total functional expenses | $42,444,192 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,713,146 |
| Savings and temporary cash investments | $1,161,893 |
| Pledges and grants receivable | $7,066,578 |
| Accounts receivable, net | $208,481 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $21,352,162 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $203,395 |
| Net Land, buildings, and equipment | $3,955,006 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,352,462 |
| Intangible assets | $62,504 |
| Other assets | $5,198,807 |
| Total assets | $44,274,434 |
| Accounts payable and accrued expenses | $9,836,361 |
| Grants payable | $0 |
| Deferred revenue | $1,363,798 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,800,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,624,766 |
| Total liabilities | $19,625,744 |
| Net assets without donor restrictions | $24,605,545 |
| Net assets with donor restrictions | $43,145 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $44,274,434 |