Wider Path Home Foundation

EIN: 863155095 501(c)(3) Housing & Shelter

Middletown, RI

Total Revenue
$303,077
Total Expenses
$410,525
Total Assets
$114,382
Net Assets
$114,382
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2021
Legal Domicile
RI
Principal Officer
Sarah Hobson
Phone
4018463100
Tax Period
2025-01-01 to 2025-12-31

Wider Path Home Foundation, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $303K in total revenue in fiscal year 2025. Expenses of $411K exceeded revenue, resulting in a 35% operating deficit.

Mission

Wider Path Home Foundation is grounded in responding to America's history of restricting access to safe, quality, and affordable land, housing, and other essential sustainable resources for African Americans and those facing a similar plight. Because of this history, our mission is to bring housing industry leaders together to support affordable housing through education, community development, and down payment assistance. We network with the housing industry and other industry partners to fill in needed supports for local community development that advance housing equity, affordability, and stability.

Program Service Accomplishments

Program 1
Expenses: $97,815

To support sustainable affordable housing through housing education, community development, and down payment assistance. We want to provide an experience built on grace, mercy, reconciliation, home...

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To support sustainable affordable housing through housing education, community development, and down payment assistance. We want to provide an experience built on grace, mercy, reconciliation, home, rest, and unconditional love.Wider Path Home grants are provided to eligible households to be used towards down payment and/or closing costs for the purchase of a primary residence home.

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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 (2025)

Revenue Breakdown

Contributions & Grants $301,461
Program Service Revenue $0
Investment Income $1,616
Other Revenue $0
TOTAL REVENUE $303,077

Expense Breakdown

Grants Paid $97,815
Salaries & Benefits $93,678
Fundraising Expenses $25,500
Program Expenses $97,815
Other Expenses $219,032
TOTAL EXPENSES $410,525

Year-over-Year Comparison

2025 2024 Change
Revenue $303,077 $313,582 0.0%
Expenses $410,525 $257,103 +0.6%
Net Income $-107,448 $56,479 -2.9%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

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

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Governance

Voting Members
3
Independent Members
1
Employees
2
Volunteers
11

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
3
$20,220
Total Directors
3
$20,220
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Mysherrii Lard President 5.00
Officer Director
$0 $0 $0
Bethany Gilpin Secretary 10.00
Officer Director
$20,220 $0 $20,220
Nigel-Ray Garcia Treasurer 0.25
Officer Director
$0 $0 $0
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
2025 $303,077 $410,525 $114,382 $-107,448
2024 $313,582 $257,103 $221,830 $56,479
2023 $507,000 $1,763,647 $165,351 $-1,256,647
2022 $2,037,100 $637,375 $1,421,998 $1,399,725
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