Overview
What is Pathstone Corporation?
Pathstone Corporation is a nonprofit organization that provides job training and employment services to underemployed or unemployed individuals in various states. Their mission includes assessing skills, offering job training, facilitating career exploration, and offering placement and retention support. The populations they serve include farmworkers, seniors, formerly incarcerated individuals, TANF recipients, residents of targeted communities, and other low-wage workers. Pathstone Corporation has a significant impact, with 3,045 individuals enrolled in their services and 641 more placed in jobs. Their operations are supported by government grants and contributions, totaling $11,343,463. In addition to this program, Pathstone Housing Action Corporation creates affordable housing for low and moderate income families and offers housing services, services to seniors, and emergency and supportive services.
Official website here: www.pathstone.org
Is Pathstone Corporation legitimate?
Pathstone Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pathstone Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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Official website here: www.pathstone.org
What is the mission statement of Pathstone Corporation?
Pathstone Corporation is committed to creating affordable housing opportunities for low and moderate income families. They go beyond just developing and managing housing; they encourage resident participation to ensure a satisfying living environment. The organization also extends its reach to provide essential services, including senior care and emergency support. In line with its mission, Pathstone Corporation strives to help disadvantaged groups, particularly farmworkers, overcome socio-economic barriers by granting them access to essential resources. Through its housing development, services, and community building initiatives, the organization aims to create thriving, valuable communities for its residents.
Official website here: www.pathstone.org
Who is the CEO of Pathstone Corporation?
Ruperto Montero is the Director of Pathstone Corporation.
Official website here: www.pathstone.org
What is the revenue of Pathstone Corporation?
Pathstone Corporation's revenue in 2022 was $20,096,851.
Official website here: www.pathstone.org
Who are the executives of Pathstone Corporation and what are their salaries?
There 15 volunteers at Pathstone Corporation.
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Official website here: www.pathstone.org
Where can I find the form 990 for Pathstone Corporation?
Pathstone Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.pathstone.org
Learn more at the official website: www.pathstone.org
Mission Statement of Pathstone Corporation
Pathstone Corporation, a renowned nonprofit organization, is dedicated to creating and providing opportunities for individuals, with a particular focus on low and moderate income families. In its mission to uplift disenfranchised communities, Pathstone goes beyond just developing high-quality, affordable housing units. The organization takes a holistic approach, professionally managing these housing developments, and encouraging resident participation to ensure a satisfying living environment.
Moreover, Pathstone is committed to building communities that serve as assets to the residents, the larger community, and the organization itself. Pathstone Housing Action Corporation, as the organization is formally known, has a twofold mission. First, it creates opportunities for underserved populations, particularly farmworkers, to access essential economic, educational, social, and political resources. Second, Pathstone offers a range of services including housing development, housing services, and assistance for seniors, as well as emergency and supportive services.
In essence, Pathstone Corporation invests in the future of its residents by not only providing them with a safe and affordable place to call home but also creating opportunities for them to overcome the barriers that may have previously limited their access to crucial resources. By empowering individuals and families to improve their living conditions and gain self-sufficiency, Pathstone contributes to stronger, more resilient communities.
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Impact
October, 2024
Pathstone Corporation significantly impacts communities by developing high-quality, affordable housing for low- and moderate-income families. By prioritizing professional management and resident participation, Pathstone ensures that its developments foster a satisfying living environment and contribute positively to the larger community.
In addition to housing initiatives, Pathstone focuses on adult education, training, and employment services, specifically targeting individuals who are underemployed or unemployed. Their comprehensive programs—offering skills assessments, job training, career exploration, and placement support—have enrolled 3,045 individuals and successfully placed 641 into gainful employment at livable wages. This outreach encompasses diverse groups, including farmworkers, seniors, formerly incarcerated individuals, TANF recipients, and residents from disadvantaged communities across several states, including Maine, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico, Vermont, and Virginia.
Moreover, Pathstone's efforts are bolstered by substantial funding from government grants and contributions exceeding $11 million, enabling the organization to tackle systemic barriers that disenfranchised populations face in accessing economic, educational, social, and political resources. Through these multifaceted initiatives, Pathstone Corporation not only provides essential housing solutions but also empowers individuals and families, thereby enhancing community resilience and vitality.
This information is meant to be a general summary of Pathstone Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $724,925
- Program Service Revenue: $4,420,673
- Gross Receipts: $20,296,851
Assets and Liabilities:
- Total Assets: $87,715,793
- Total Liabilities: $37,429,340
- Net Assets: $50,286,453
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Property Portfolio
Revenue
$2,025,661
Property Management
Revenue
$1,747,259
Real Estate Development
Revenue
$518,744
Economic Development and Lending
Revenue
$129,009
Organization Details
Founding Year
1979
Phone
(585) 340-3300Principal Officer
Ruperto Montero
Main Address
400 EAST AVENUE, ROCHESTER, NY, 14607
Website
www.pathstone.orgNTEE Category
Code: L210 - Housing
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