Pathway Homes Inc
- Assets
- $32.8m
- Revenue
- $18.2m
- Investments
- $0.0
- Employees
- 139
- Location
- Fairfax, VA
- Founding
- 10/1977
- Data as of
- 06/2023
- EIN
- 54-1041459
Organization Overview
Pathway Homes Inc is located in Fairfax, VA. The organization was established in 1977. According to its NTEE Classification (F33) the organization is classified as: Residential Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Pathway Homes Inc employed 139 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Pathway Homes Inc 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 06/2023, Pathway Homes Inc generated $18.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 7.0% each year. All expenses for the organization totaled $17.3m during the year ending 06/2023. While expenses have increased by 6.7% per year over the past 7 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
TO PROVIDE LONG TERM HOUSING, SUPPORTIVE SERVICES & SUPERVISION TO SERIOUSLY MENTALLY ILL ADULTS.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTED RESIDENTIAL PROGRAMS - PROVIDE HOUSING FOR MENTALLY ILL ADULTS RESIDING IN SEMI-INDEPENDENT AND APARTMENT ENVIRONMENTS (STATE AND LOCAL)
SHELTER PLUS CARE PROGRAMS - EXPEND GRANT MONIES FROM THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT TO PROVIDE HOUSING TO HOMELESS, MENTALLY ILL ADULTS IN RENTAL UNITS.
RESIDENTIAL FACILITIES/GROUP HOMES - LONG-TERM GROUP HOUSING FOR CHRONICALLY MENTALLY ILL ADULTS (STATE AND LOCAL)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angie Garcia Lathrop Director | Trustee | 1 | $0 |
Daniel L Gray ESQ Director | Trustee | 1 | $0 |
Dara L Aldridge Director | Trustee | 1 | $0 |
Dwight Robinson Director | Trustee | 1 | $0 |
Eric Riddell Director | Trustee | 1 | $0 |
Farhim Zar Treasurer | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $196,640 |
| Related organizations | $0 |
| Government grants | $15,008,248 |
| All other contributions, gifts, grants, and similar amounts not included above | $752,735 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,957,623 |
| Total Program Service Revenue | $2,222,521 |
| Investment income | $1,648 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | -$28,404 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $18,153,388 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $451,122 |
| Compensation of current officers, directors, key employees. | $125,682 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $4,392,777 |
| Pension plan accruals and contributions | $76,446 |
| Other employee benefits | $410,717 |
| Payroll taxes | $370,776 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $37,386 |
| Fees for services: Accounting | $64,276 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $513,618 |
| Advertising and promotion | $29,011 |
| Office expenses | $246,606 |
| Information technology | $299,210 |
| Royalties | $0 |
| Occupancy | $284,519 |
| Travel | $96,543 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $60,673 |
| Interest | $53,553 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $598,359 |
| Insurance | $189,936 |
| All other expenses | $150,979 |
| Total functional expenses | $17,257,063 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $6,305,074 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $539,857 |
| Accounts receivable, net | $477,779 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $39,384 |
| Net Land, buildings, and equipment | $22,081,691 |
| Investments—publicly traded securities | $459,109 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $2,652,899 |
| Other assets | $248,488 |
| Total assets | $32,804,281 |
| Accounts payable and accrued expenses | $853,111 |
| Grants payable | $0 |
| Deferred revenue | $3,126,715 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $41,397 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $1,745,930 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $2,894,450 |
| Total liabilities | $8,661,603 |
| Net assets without donor restrictions | $2,893,304 |
| Net assets with donor restrictions | $21,249,374 |
| 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 | $32,804,281 |