Pathstone Corporation
- Assets
- $34.9m
- Revenue
- $39.8m
- Investments
- $0.0
- Employees
- 837
- Location
- Rochester, NY
- Founding
- 09/1982
- Data as of
- 09/2021
- 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 09/2021, Pathstone Corporation employed 837 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 09/2021, Pathstone Corporation generated $39.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $40.1m during the year ending 09/2021. While expenses have increased by 4.0% per year over the past 6 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
2021
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. 2,488 PEOPLE WERE ENROLLED IN SERVICES AND 582 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 $9,755,991.
CHILD & FAMILY DEVELOPMENT: PROVIDE HEAD START SERVICES TO CHILDREN WHICH HELPS THEM GAIN SOCIAL, EMOTIONAL AND EDUCATIONAL SKILLS THROUGH STRUCTURED CLASSROOM-BASED TEACHING AND ALSO PROVIDE FAMILY ENGAGEMENT ACTIVITIES DESIGNED TO ENHANCE HEALTHY LIVING AND LIFELONG LEARNING. THE SERVICES OFFERED ARE: FULL DAY PREPARATION FOR SCHOOL READINESS, EDUCATION AND TRAINING INFORMATION TO PARENTS, NUTRITIOUS MEALS TO CHILDREN AND REFERRALS TO COMMUNITY RESOURCES. 871 CHILDREN 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 $9,109,983.
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 5,877 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 $4,842,208.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alexander D Castro President And CEO | Officer | 40 | $210,640 |
Stuart Mitchell Executive Director Pathstone Foundation | 40 | $180,515 | |
Ruperto Montero Treasurer/chief Financial Officer (b | Officer | 40 | $175,399 |
Jeffrey Lewis Sr VP Of Direct Services | 40 | $174,230 | |
Leslie W Kernan Jr General Counsel & Chief Le | 40 | $174,210 | |
Nita D'agostino Sr VP Of Direct Services | 40 | $170,375 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Brian Martin Information Technology Consultant | 9/29/21 | $139,050 |
Buffalo Energy & Hughesco Of Rochester Weatherization Services | 9/29/21 | $124,254 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $526,908 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $34,161,397 |
| All other contributions, gifts, grants, and similar amounts not included above | $3,897,688 |
| Noncash contributions included in lines 1a–1f | $67,068 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $38,585,993 |
| Total Program Service Revenue | $283,779 |
| Investment income | $174,510 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $482,116 |
| 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 | $39,754,987 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $6,112,358 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $434,530 |
| Compensation of current officers, directors, key employees. | $434,530 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,303,697 |
| Pension plan accruals and contributions | $1,531,338 |
| Other employee benefits | $3,999,453 |
| Payroll taxes | $1,873,717 |
| Fees for services: Management | $290,480 |
| Fees for services: Legal | $7,584 |
| 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 | $373,252 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $434,901 |
| Royalties | $0 |
| Occupancy | $3,297,346 |
| Travel | $3,832,247 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $18,138 |
| Interest | $3,955 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $203,497 |
| Insurance | $312,371 |
| All other expenses | $129,522 |
| Total functional expenses | $40,080,376 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,162,656 |
| Savings and temporary cash investments | $2,433,050 |
| Pledges and grants receivable | $5,432,492 |
| Accounts receivable, net | $353,524 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $18,544,501 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $3,247 |
| Net Land, buildings, and equipment | $2,548,027 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,352,462 |
| Intangible assets | $62,504 |
| Other assets | $41,967 |
| Total assets | $34,934,430 |
| Accounts payable and accrued expenses | $7,255,719 |
| Grants payable | $0 |
| Deferred revenue | $1,241,863 |
| 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 | $2,820,819 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $456,368 |
| Total liabilities | $11,774,769 |
| Net assets without donor restrictions | $23,159,661 |
| Net assets with donor restrictions | $0 |
| 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 | $34,934,430 |
Grants Recieved
Over the last fiscal year, we have identified 7 grants that Pathstone Corporation has recieved totaling $586,732.
| Awarding Organization | Amount |
|---|---|
Rochester Area Community Foundation Initiatives Inc Rochester, NY PURPOSE: RENEW PROGRAM GRANTS | $411,127 |
Rochester Area Community Foundation Rochester, NY PURPOSE: FOR GENESEE COUNTY HANDYMAN PROGRAM | $74,104 |
National Partnership For Environmental Technology Education South Portland, ME | | $36,737 |
Columbus Foundation Columbus, OH PURPOSE: SOCIAL SERVICES | $25,000 |
Community Foundation Of Muncie And Delaware County Inc Muncie, IN PURPOSE: OPERATING SUPPORT | $19,000 |
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY PURPOSE: AGENCY ALLOCATION & GRANT | $15,000 |
Endowment Analysis
| Beg. Balance | $2,019,404 |
| Earnings | -$69,395 |
| Net Contributions | $1,621 |
| Other Expense | $97,000 |
| Ending Balance | $1,854,630 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Pathstone Corporation Rochester, NY | $34,934,430 | $39,754,987 |
Allegany County Community Opportunities And Rural Developmen Belmont, NY | $2,583,412 | $6,739,671 |
Psats Enola, PA | $11,834,261 | $6,502,359 |
La Peninsula Community Organization Inc Bronx, NY | $2,816,738 | $5,481,479 |
Greater Easton Development Partnership Easton, PA | $6,246,333 | $3,172,729 |
Center On Rural Innovation Inc Hartland, VT | $3,965,475 | $1,904,173 |
Retreat Farm Brattleboro, VT | $8,221,926 | $3,402,767 |
Rural Development Corp Vineland, NJ | $1,998,052 | $2,373,281 |
Progress Fund Greensburg, PA | $56,975,518 | $5,589,608 |
Greater Pittsburgh Chamber Of Commerce Pittsburgh, PA | $334,273 | $1,396,311 |
Western Catskills Community Revitalization Council Inc Stamford, NY | $944,018 | $1,125,761 |
Vermont Council On Rural Development Inc Montpelier, VT | $695,971 | $938,553 |