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Pathway Development Institute

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 208084551 ✦ Palatine, IL ✦ Designated as a 501(c)(2)

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Overview

What is Pathway Development Institute?

The Pathway Development Institute is a nonprofit organization situated in Palatine, Illinois. Their primary mission is to acquire real estate to offer affordable housing opportunities, specifically by purchasing two apartment buildings that provide reduced-rate residences for homeless individuals. This initiative plays a significant role in the community, contributing to the housing needs of those in need.

Is Pathway Development Institute legitimate?

Pathway Development Institute is a legitimate nonprofit organization registered as a 501(c)(2) entity. Pathway Development Institute 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of Pathway Development Institute?

The Pathway Development Institute's primary mission is centered around real estate acquisition. Specifically, their goal is to purchase properties with the intention of providing affordable housing options. Currently, they are managing two apartment buildings, offering reduced rates to individuals who are homeless. This initiative aims to contribute to housing solutions and alleviate some of the challenges faced by those in need.

Who is the CEO of Pathway Development Institute?

Elizabeth Nabors is the President of Pathway Development Institute.

What is the revenue of Pathway Development Institute?

Pathway Development Institute's revenue in 2022 was -$44,980.

Who are the executives of Pathway Development Institute and what are their salaries?


Here are 4 key members and their salaries:


Kurt Knuth (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norene Rolenitus (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Allen Schmelter (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Beth Nabors (Board Member)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for Pathway Development Institute?

Pathway Development Institute's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Pathway Development Institute

The Pathway Development Institute, as its name suggests, is committed to a mission of purchasing real estate with the primary objective of providing affordable housing. Their most significant activity in pursuit of this mission involves the acquisition of two apartment buildings, which serve as shelters for individuals who are currently homeless. By offering reduced rates for living accommodations, this nonprofit organization is making a significant impact in the lives of those in need, providing them with a sense of stability and security.

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Impact




October, 2024

Pathway Development Institute has made a significant impact by acquiring and maintaining two apartment buildings in Palatine, IL, which provide homeless individuals with the opportunity to live in affordable housing at a reduced rate. This initiative not only addresses immediate housing needs but also contributes to community improvement by fostering stability and support for vulnerable populations. By focusing on real estate acquisition for affordable housing, Pathway Development Institute plays a crucial role in enhancing the quality of life for those in need.




This information is meant to be a general summary of Pathway Development Institute. 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.

Revenue
-$44,980 (2022)
Expenses
$0 (2022)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5
  • Gross Receipts: $25,965

Assets and Liabilities:

  • Total Assets: $581,465
  • Total Liabilities: $29,554
  • Net Assets: $551,911

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Organization Details

Founding Year

2007

Principal Officer

Elizabeth Nabors

Main Address

1140 EAST NORTHWEST HIGHWAY, PALATINE, IL, 60074

NTEE Category

Code: S47 - Community improvement

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