ROCHESTER, NY
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PATHSTONE CORPORATION, founded in 1979, is a mid-sized nonprofit in the Housing & Shelter sector that reported $22.6M in total revenue in fiscal year 2023. Expenses of $25.0M exceeded revenue, resulting in a 10% operating deficit.
PathStone Housing Action Corporation creates and provides opportunities for farmworkers and other disenfranchised people to confront and overcome barriers that prevent them from gaining access to economic, educational, social and political resources.The organization provides housing development; housing services; services to seniors and emergency and supportive services.
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...
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. Continued on Schedule OServices are available in: Maine, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico, Vermont, and Virginia.This program is supported by government grants and contributions of $11,841,731.
PathStone Enterprise Center (PECI), provides loans and technical assistance for small businesses and homeowners unable to get loans from conventional lenders. The services offered are origination of...
PathStone Enterprise Center (PECI), provides loans and technical assistance for small businesses and homeowners unable to get loans from conventional lenders. The services offered are origination of micro and small business loans, training for small business owners, and technical assistance for beginning businesses, as well as closing cost loans and home improvement loans for homeowners. As of September 30, 2024, PECI had 172 business loans with balances of $6,138,282 in its small business portfolio. Continued on Schedule ODuring the 2024 Fiscal Year, PECI closed 56 micro and small business loans totaling $2,728,716 while closing 15 second mortgage loans totaling $95,000 and 12 bridge loans totaling $58,246.65 in support of PathStone's home ownership and home improvement programs. Business services are available in upstate New York and Puerto Rico. Services for homeowners (closing cost and home rehab loans) are only available in the Rochester, New York MSA. This program is supported by government grants and contributions of $2,409,204.
REAL ESTATE DEVELOPMENT: PathStone and its affiliates work with community partners, non?profits, private developers and government officials to design and build housing that is affordable, accessible...
REAL ESTATE DEVELOPMENT: PathStone and its affiliates work with community partners, non?profits, private developers and government officials to design and build housing that is affordable, accessible and seamlessly integrated into the community in which it is built. The services offered are: development and acquisition of affordable rental housing for families, farmworkers, seniors, and special needs populations while also offering affordable single-family for sale home construction. 77 affordable housing units have been developed, $27,900,000 has been invested in affordable housing developments. Continued on Schedule OServices are provided by PathStone and its affiliates and are available in: Indiana, New York, Pennsylvania, and Puerto Rico.Future projects include the preservation of over 310 units of our existing portfolio in New York, the adaptive re-use of a historic building, a mixed-use new construction development associated with the City of Rochester's Inner Loop East transformation, and a phase II of a senior development. Single family for sale redevelopment continues in Indiana with three of four sites completed. Our present developments include the new construction of a senior development which will be PathStone's first LEED Gold and Net-Zero development, as well as a workforce housing LEED Gold and Zero development located adjacent to the Amazon Roc 1 fulfillment center. We also received two awards including the redevelopment of Creekside Clearing which will include the preservation of 32 units and the new construction of 16 units and a 65 unit mixed-use family new construction project including a childcare center. One home is under construction and another in predevelopment in Indiana. In Puerto Rico, the Carolinas redevelopment will provide 168 units of mixed income housing in collaboration with the local Public Housing Authority and Department of Housing. We are committed to provide housing to meet the needs of the communities we work in.This program is supported by government grants and contributions of $1,359,466.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 2023 | 2022 | Change | |
|---|---|---|---|
| Revenue | $22,601,635 | $21,983,662 | +0.0% |
| Expenses | $24,974,436 | $23,458,321 | +0.1% |
| Net Income | $-2,372,801 | $-1,474,659 | +0.6% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| Name | Title | Hours/Week | Role | Reportable Comp | Other Comp | Total |
|---|---|---|---|---|---|---|
| Dirk Schneider | Chairperson | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| Jean Lowe | Vice-Chairperson | 0.20 |
Officer
Director
|
$0 | $0 | $0 |
| Kathleen Greeley | Director | 0.20 |
Director
|
$0 | $0 | $0 |
| Lindsay Mohr | Director | 0.20 |
Director
|
$0 | $0 | $0 |
| Miriam Zinter | Director | 0.20 |
Director
|
$0 | $0 | $0 |
| Patrick Tobin | Director | 0.20 |
Director
|
$0 | $0 | $0 |
| Phillip Borrelli Esq | Director | 0.20 |
Director
|
$0 | $0 | $0 |
| Serena Compitello | Director | 0.20 |
Director
|
$0 | $0 | $0 |
| Tim Norman | Director | 0.20 |
Director
|
$0 | $0 | $0 |
| Wilma Alejandro Ramirez | Director | 0.20 |
Director
|
$0 | $0 | $0 |
| Yvonne Thompson | Director | 0.20 |
Director
|
$0 | $0 | $0 |
| Alexander Castro | Senior Vice President | 0.20 |
Officer
|
$0 | $15,762 | $272,513 |
| Christina Brooks | VP for Property Management | 0.20 |
Officer
|
$0 | $26,343 | $164,675 |
| Jason Sackett | President | 0.20 |
Officer
|
$0 | $2,614 | $142,008 |
| Kathryn Bryan | VP and Assistant Treasurer | 0.20 |
Officer
|
$0 | $12,446 | $194,753 |
| Leslie W Kernan Jr | Secretary | 0.20 |
Officer
|
$0 | $6,136 | $210,654 |
| Maria Rodriguez-Collazo | Vice President | 0.20 |
Officer
|
$0 | $3,920 | $134,585 |
| Rosa Uriarte | Assistant Secretary | 0.20 |
Officer
|
$0 | $2,287 | $78,510 |
| Ruperto Montero | VP of Finance, Treasurer | 0.20 |
Officer
|
$0 | $15,863 | $267,679 |
| Susan Boss | VP for Housing | 0.20 |
Officer
|
$0 | $18,528 | $199,102 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2024 | $22,601,635 | $24,974,436 | $150,730,350 | $-2,372,801 |
| 2023 | $21,983,662 | $23,458,321 | $150,796,039 | $-1,474,659 |
| 2022 | $20,096,851 | $20,588,813 | $87,715,793 | $-491,962 |
| 2021 | $21,347,590 | $20,806,376 | $88,645,469 | $541,214 |
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