PATHSTONE CORPORATION

EIN: 160984913 501(c)(3) Community Improvement

ROCHESTER, NY

Total Revenue
$45,726,235
Total Expenses
$45,187,747
Total Assets
$42,238,181
Net Assets
$25,187,178
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1971
Legal Domicile
NY
Principal Officer
Ruperto Montero
Phone
5855467180
Tax Period
2023-10-01 to 2024-09-30

PATHSTONE CORPORATION, founded in 1971, is a mid-sized nonprofit in the Community Improvement sector that reported $45.7M in total revenue in fiscal year 2023.

Mission

PathStone Corporation builds family and individual self-sufficiency by strengthening farmworker, rural and urban communities. PathStone Corporation promotes social justice through program and advocacy.

Program Service Accomplishments

Program 1
Expenses: $12,436,907 Revenue: $632

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...

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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. 4,148 people were enrolled in services and 825 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 $13,617,181.

Program 2
Expenses: $8,972,762

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...

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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. 905 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 $10,063,601.

Program 3
Expenses: $5,114,713 Revenue: $48,224

SUPPORTIVE HOUSING & RENTAL ASSISTANCE SERVICES: Provide supportive services for residents living in PathStone Corporation rental communities consisting of: social, educational and recreational...

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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. 1,214 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 6,384 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 $6,262,773.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $43,423,706
Program Service Revenue $767,240
Investment Income $715,699
Other Revenue $819,590
TOTAL REVENUE $45,726,235

Expense Breakdown

Grants Paid $7,048,161
Salaries & Benefits $26,445,088
Fundraising Expenses $0
Program Expenses $38,815,007
Other Expenses $11,694,498
TOTAL EXPENSES $45,187,747

Year-over-Year Comparison

2023 2022 Change
Revenue $45,726,235 $43,249,878 +0.1%
Expenses $45,187,747 $42,444,192 +0.1%
Net Income $538,488 $805,686 -0.3%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
20
Independent Members
20
Employees
754
Volunteers
395

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
5
$540,192
Total Directors
20
$0
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Aliz Perea-Jimenez Board Member 0.80
Director
$0 $0 $0
Andre Harper Board Member 0.80
Director
$0 $0 $0
Arlene Wilson Board Member 0.80
Director
$0 $0 $0
Belsy Velez Board Member 0.80
Director
$0 $0 $0
Eric Shoen-Ukre Board Member 0.80
Director
$0 $0 $0
Ernest Caswell Board Member 1.20
Director
$0 $0 $0
Fernando Santiago Board Member 1.20
Director
$0 $0 $0
Kevin Leysath Board Member 0.80
Director
$0 $0 $0
Leslie Vazquez Board Member 0.80
Director
$0 $0 $0
Luis Luna Board Member 0.80
Director
$0 $0 $0
Monique Oliva-Kulp Secretary 1.20
Officer Director
$0 $0 $0
Orlando Ortiz Chairperson 1.20
Officer Director
$0 $0 $0
Patricia Mogan Board Member 1.20
Director
$0 $0 $0
Patrick Tobin Board Member 1.20
Director
$0 $0 $0
Ralph Sinistro Vice-Chair 1.20
Officer Director
$0 $0 $0
Ricardo Hernandez Board Member 0.80
Director
$0 $0 $0
Todd Carter Board Member 0.80
Director
$0 $0 $0
Wilma Alejandro Board Member 0.80
Director
$0 $0 $0
Yvonne Thompson Board Member 0.80
Director
$0 $0 $0
Kathleen Greeley Board Member 0.80
Director
$0 $0 $0
Alexander D Castro President and CEO 40.00
Officer
$256,751 $15,762 $272,513
Ruperto Montero Treasurer/Chief Financial 40.00
Officer
$251,816 $15,863 $267,679
Angela Iocolano Sr Director of Quality & Evaluation 40.00
Highest
$177,698 $24,162 $201,860
Anne Babcock-Stiner Chief Human Resources Officer 40.00
Highest
$178,554 $14,774 $193,328
Kathryn Bryan SR VP of Asset Management 40.00
Highest
$182,307 $12,446 $194,753
Leslie W Kernan Jr General Counsel & Chief Le 40.00
Highest
$204,518 $6,136 $210,654
Susan Boss SR VP of Housing Services 40.00
Highest
$180,574 $18,528 $199,102
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $45,726,235 $45,187,747 $42,238,181 $538,488
2023 $43,249,878 $42,444,192 $44,274,434 $805,686
2022 $41,038,307 $40,354,964 $36,016,844 $683,343
2021 $39,754,987 $40,080,376 $34,934,430 $-325,389
2020 $36,985,939 $36,380,084 $36,320,277 $605,855
2019 $35,498,565 $36,458,657 $34,848,303 $-960,092
2018 $33,457,895 $32,095,527 $36,262,786 $1,362,368
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