PHILADELPHIA, PA
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)PATHWAYS HOUSING WELLNESS CORPORATION, founded in 2021, is a small nonprofit in the Housing & Shelter sector that reported $416K in total revenue in fiscal year 2024. Revenue grew 19% year-over-year, indicating healthy expansion. Expenses of $677K exceeded revenue, resulting in a 63% operating deficit.
PATHWAYS HOUSING WELLNESS CORPORATION (PHWC) IS A NONPROFIT AFFORDABLE HOUSING DEVELOPER THAT AIMS TO IMPROVE HEALTH OUTCOMES FOR VERY LOW-INCOME PHILADELPHIANS BY PAIRING SAFE, SECURE, AND AFFORDABLE HOUSING WITH HIGH-QUALITY WRAP-AROUND SERVICES TO ADDRESS BEHAVIORAL AND PHYSICAL HEALTH ISSUES. OUR DEVELOPMENTS AND SERVICES ARE TARGETED TOWARDS THOSE WHO ARE EXPERIENCING HOMELESSNESS OR AT RISK OF HOMELESSNESS AND THOSE WHO ARE VERY LOW-INCOME.
PHWC ACCOMPLISHED THE FOLLOWING DURING FY2025 AS PART OF ITS AFFORDABLE HOUSING DEVELOPMENT PROGRAM:(1) BROKE GROUND ON PHASE I OF THE 17TH STREET COMMUNITY CORRIDOR, WHICH WILL BRING 40 UNITS OF...
PHWC ACCOMPLISHED THE FOLLOWING DURING FY2025 AS PART OF ITS AFFORDABLE HOUSING DEVELOPMENT PROGRAM:(1) BROKE GROUND ON PHASE I OF THE 17TH STREET COMMUNITY CORRIDOR, WHICH WILL BRING 40 UNITS OF DEEPLY AFFORDABLE HOUSING TO THE SHARSWOOD NEIGHBORHOOD OF PHILADELPHIA. CONSTRUCTION COMPLETION IS SCHEDULED FOR DECEMBER 2026, WITH UNITS BECOMING AVAILABLE IN EARLY 2027. THESE UNITS WILL HAVE HIGH QUALITY APPLIANCES AND FIXTURES, IN-UNIT LAUNDRY, AND HIGH SPEED INTERNET ACCESS. THEY WILL FIT THE EXISTING CHARACTER OF THE NEIGHBORHOOD. 30% OF THE UNITS WILL BE SET ASIDE FOR PEOPLE COMING OUT OF HOMELESSNESS, AND ALL UNITS WILL BE AFFORDABLE AT 50% AMI OR BELOW. THE UNITS WILL BE SUBSIDIZED BY PHA'S FAIRCLOTH TO RAD SUBSIDIES, MEANING THAT NO TENANT WILL SPEND MORE THAN 30% OF THEIR INCOME ON RENT, EVEN IF THEIR INCOME IS $0.(2) APPLIED FOR AND FUNDED THE SECOND PHASE OF THE 17TH STREET COMMUNITY CORRIDOR, WHICH WILL BRING AN ADDITIONAL 38 UNITS OF DEEPLY AFFORDABLE HOUSING TO THE SAME BLOCK AS PHASE I. PHASE II WILL HAVE THE SAME FEATURES AND AMENITIES AS PHASE I, BUT WILL BE SPREAD OVER 9 SMALLER BUILDINGS.(3) APPLIED FOR FUNDING FOR ANOTHER PROJECT ABOUT A BLOCK NORTH OF THE 17TH STREET COMMUNITY CORRIDOR, WHICH WILL BRING ANOTHER 9 UNITS TO THE NEIGHBORHOOD. THIS PROJECT WILL BE FUNDED BY THE CITY OF PHILADELPHIA AND PHARE FUNDS.
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)| 2024 | 2023 | Change | |
|---|---|---|---|
| Revenue | $415,669 | $350,000 | +0.2% |
| Expenses | $677,466 | $34,109 | +18.9% |
| Net Income | $-261,797 | $315,891 | -1.8% |
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 |
|---|---|---|---|---|---|---|
| CHRISTINE SIMIRGLIA | PRESIDENT & CEO | 1.00 |
Officer
|
$0 | $31,423 | $282,558 |
| DON STEWART | CFO (UNTIL MARCH 2025) | 1.00 |
Officer
|
$0 | $5,907 | $202,817 |
| IRA RICHARDS | CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| WILLIAM PARSHALL | VICE CHAIR | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| GEORGE SABO IV | TREASURER | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| JORDAN CASEY | SECRETARY | 1.00 |
Officer
Director
|
$0 | $0 | $0 |
| DAMILOLA AJAYI | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| DIAMOND BERTIL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BINCY JOHN | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| WILLIAM RADEL | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| BRITAINY STEPHENS | BOARD MEMBER | 1.00 |
Director
|
$0 | $0 | $0 |
| MARK SALZER PHD | BOARD MEMBER (UNTIL SEPTEMBER 2024) | 1.00 |
Director
|
$0 | $0 | $0 |
| Year | Revenue | Expenses | Assets | Net Income |
|---|---|---|---|---|
| 2025 | $415,669 | $677,466 | $2,916,888 | $-261,797 |
| 2024 | $350,000 | $34,109 | $1,617,002 | $315,891 |
| 2023 | No data | $70,370 | $628,386 | No data |
| 2022 | No data | No data | $567,223 | No data |
Compare PATHWAYS HOUSING WELLNESS CORPORATION with other nonprofits in Pennsylvania and across the country.