Overview
What is Path Ventures?
Path Ventures is a nonprofit organization situated in Los Angeles, California. Its primary mission is to improve the lives of individuals and communities by increasing the availability of affordable housing. The organization specializes in constructing housing that caters to the specific needs of the homeless population. Their purpose extends beyond just providing housing; they also actively encourage community and economic development, and contribute to neighborhood revitalization for low-income families and individuals. With a team of 18 dedicated employees, Path Ventures strives to make a significant impact in addressing housing affordability issues.
Official website here: www.epath.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 86% (Three-Star out of Four Stars)
Path Ventures has received a Three-Star rating from Charity Navigator, reflecting a solid Accountability & Finance score of 86%. This rating is derived from a comprehensive analysis of the nonprofit's financial practices and governance, indicating that the organization operates with a high level of transparency and responsibility. The absence of any material diversion of assets and the presence of a whistleblower policy further enhance its credibility.
The organization benefits from having a majority of independent board members, ensuring that decision-making is objective and prioritizes the nonprofit's mission. Financial oversight is evident, with robust audit practices and an impressive program expense ratio of 76.58%, indicating a strong commitment to directing funds towards its programs rather than administrative costs.
However, the liabilities to assets ratio at 63.39% suggests that the organization carries a significant amount of debt relative to its assets. This could be a point of concern for potential donors, as it may impact the long-term financial stability of Path Ventures. Overall, the nonprofit demonstrates a strong commitment to accountability and effective governance while facing some challenges in financial leverage.
This AI summary has been generated from information found on Charity Navigator.
Is Path Ventures legitimate?
Path Ventures is a legitimate nonprofit organization registered as a 501(c)(3) entity. Path Ventures 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $723,145
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,449,752
For more financial information, click here
Official website here: www.epath.org
What is the mission statement of Path Ventures?
Path Ventures' mission is centered around enhancing individual lives and communities by promoting the development of quality, affordable housing. Their purpose extends beyond just constructing housing units; they also strive to foster community and economic development, and encourage neighborhood revitalization, primarily for low-income families and individuals. The organization sets itself apart by tailoring its housing solutions to specifically meet the needs of the homeless population, ensuring a supportive living environment.
Official website here: www.epath.org
Who is the CEO of Path Ventures?
Joel Roberts is the CEO of Path Ventures The CEO's salary of Path Ventures is $346,509 and their total compensation is $383,268.
Official website here: www.epath.org
What is the revenue of Path Ventures?
Path Ventures's revenue in 2023 was $8,649,915.
Official website here: www.epath.org
Who are the executives of Path Ventures and what are their salaries?
The average compensation at Path Ventures during 2023 was $127,817. There are 17 employees and 12 volunteers at Path Ventures.
Here are 22 key members and their salaries (Path Ventures's CEO's salary is $346,509 and their total compensation is $383,268):
- Compensation: $0
- Related: $378,431
- Other: $45,271
- Compensation: $346,509
- Related: $0
- Other: $36,759
- Compensation: $48,424
- Related: $191,580
- Other: $46,541
- Compensation: $69,690
- Related: $163,694
- Other: $33,110
- Compensation: $190,391
- Related: $0
- Other: $25,466
- Compensation: $146,669
- Related: $0
- Other: $24,304
- Compensation: $114,377
- Related: $0
- Other: $10,126
- Compensation: $110,915
- Related: $0
- Other: $12,616
- Compensation: $110,758
- Related: $0
- Other: $12,535
- Compensation: $106,378
- Related: $0
- Other: $13,192
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.epath.org
Where can I find the form 990 for Path Ventures?
Path Ventures's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.epath.org
Learn more at the official website: www.epath.org
Mission Statement of Path Ventures
Path Ventures, a nonprofit organization, is dedicated to enhancing the lives of individuals and communities by promoting the development of affordable housing. Their primary purpose is to construct reasonably priced housing units, foster community and economic development, and encourage neighborhood revitalization for low-income families and individuals. What sets Path Ventures apart is its unique approach to creating housing that caters specifically to the needs of the homeless population. The organization specializes in building both affordable housing and permanent supportive housing for homeless individuals and families, ensuring they have access to safe and stable living spaces.
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Impact
August, 2024
Path Ventures makes a significant impact by improving individual lives and communities through the development of quality affordable housing. The organization builds affordable housing and permanent supportive housing for homeless and low-income individuals and families in Los Angeles, California. What sets Path Ventures apart is its approach to creating housing that specifically addresses the needs of the homeless population. Their mission is centered around developing affordable housing, promoting community and economic development, and encouraging neighborhood revitalization for low-income families and individuals. Through their work, Path Ventures is helping to provide stable and secure housing options for those in need, ultimately contributing to the overall well-being and stability of the community.
This information is meant to be a general summary of Path Ventures. 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 2023.
- Investment Income: $312,530
- Program Service Revenue: $5,569,799
- Gross Receipts: $11,020,916
Assets and Liabilities:
- Total Assets: $70,954,460
- Total Liabilities: $44,979,514
- Net Assets: $25,974,946
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPER FEE INCOME
Revenue
$2,916,044
PARTNERSHIP Mgmt FEe
Revenue
$199,450
RENTAL INCOME
Revenue
$899,007
SECTION 754 DEPRECIATION
Revenue
$231,688
SPONSOR FEE INCOME
Revenue
$1,200,000
Organization Details
Founding Year
2022
Principal Officer
Jennifer Hark-Dietz
Website
www.epath.orgNTEE Category
Code: L20 - Housing
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