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Nonprofiteer
← PATHSTONE CORPORATION

Form 990 for tax year 2023

Filed by PATHSTONE CORPORATION.

Totals

Total revenue
$24,967
Total expenses
$77,781
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$24,927
Investment income
$0
Other revenue
$40
Total assets, end of year
$940,118
Total liabilities, end of year
$559,323
Net assets or fund balances, end of year
$380,795
Program services expenses (Part IX)
$63,672
Management and general expenses
$14,109
Fundraising expenses
$0
Program service expenses (Part III)
$63,672

Program services were 81.9% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: Rental Fees

    total $24,927 · related or exempt $24,927

  • 11a · Other revenue: Other Income

    total $40 · related or exempt $40

  • 11e · Other revenue, total

    $40

Functional expenses

Part IX, the statement of functional expenses.

  • 7 · Other salaries and wages

    total $18,474 · program services $18,474

  • 11a · Fees: management

    total $6,956 · program services $6,956

  • 11c · Fees: accounting

    total $12,317 · management and general $12,317

  • 13 · Office expenses

    total $1,689 · management and general $1,689

  • 16 · Occupancy

    total $23,878 · program services $23,878

  • 20 · Interest

    total $5,893 · program services $5,893

  • 22 · Depreciation, depletion and amortization

    total $8,471 · program services $8,471

  • 24e · All other expenses

    total $103 · management and general $103

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $393,056 · end of year $371,802

  • 4 · Accounts receivable

    beginning of year $32,572 · end of year $35,558

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,929 · end of year $9,115

  • 10a · Land, buildings and equipment: cost or other basis

    $339,038

  • 10b · Land, buildings and equipment: accumulated depreciation

    $125,178

  • 10c · Land, buildings and equipment, net

    beginning of year $222,332 · end of year $213,860

  • 15 · Other assets

    beginning of year $310,633 · end of year $309,783

  • 17 · Accounts payable and accrued expenses

    beginning of year $30,941 · end of year $33,228

  • 19 · Deferred revenue

    beginning of year $1,474 · end of year $431

  • 21 · Escrow or custodial account liability

    beginning of year $1,154 · end of year $304

  • 23 · Secured mortgages and notes payable

    beginning of year $478,415 · end of year $478,415

  • 25 · Other liabilities

    beginning of year $23,929 · end of year $46,945

  • 27 · Net assets without donor restrictions

    beginning of year $433,609 · end of year $380,795

Mission and programs · 2023

Mission

To improve the quality of life for farmworkers, their families and other low income persons, with particular attention to Chester County, by developing, managing and marketing affordable housing and by promoting fair housing.

Activities or mission (Part I)

To improve the quality of life for farmworkers, their families and other low income persons.

  • The Organization assists in providing affordable housing to lower income families. The area of property management provides repair, maintenance, improvements and general property management of properties owned by the Organization. Some of the properties are considered inventory with intent of being sold.The Organization has three other key program areas:1) Developing, managing, and marketing affordable housing.2) Housing and tenant counseling services which includes loan packaging, rental referrals, home ownership counseling, financial literacy, and pre- and post-purchase counseling. (Cont. on Schedule O)3) Community development including improvement and resident self-sufficiency efforts and contracted resident services for privately owned townhouse communities.

    Expenses $63,672 · Revenue $24,967

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Alex Castro

    Director and Vice Presiden

    Total calculated
    $272,513
    From this org
    $0
    From related orgs
    $256,751
    Other
    $15,762
    Hours/week
    0.1 + 40.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,751 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,703 related
    Nontaxable benefits
    $0 + $8,059 related
    Filer's total
    $0 + $272,513 related

  • Kathryn Bryan

    Director and Vice President

    Total calculated
    $194,753
    From this org
    $0
    From related orgs
    $182,307
    Other
    $12,446
    Hours/week
    0.1 + 40.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $182,307 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,469 related
    Nontaxable benefits
    $0 + $6,977 related
    Filer's total
    $0 + $194,753 related

  • Susan Boss

    Director

    Total calculated
    $199,102
    From this org
    $0
    From related orgs
    $180,574
    Other
    $18,528
    Hours/week
    0.1 + 40.3 related

    Schedule J breakdown matched by us

    Base
    $0 + $180,574 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,417 related
    Nontaxable benefits
    $0 + $13,111 related
    Filer's total
    $0 + $199,102 related

  • Ruperto Montero

    VP of Finance/Treasurer

    Total calculated
    $267,679
    From this org
    $0
    From related orgs
    $251,816
    Other
    $15,863
    Hours/week
    0.1 + 41.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $251,816 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,554 related
    Nontaxable benefits
    $0 + $8,309 related
    Filer's total
    $0 + $267,679 related

  • Leslie W Kernan Jr

    Vice President/Secretary

    Total calculated
    $210,654
    From this org
    $0
    From related orgs
    $204,518
    Other
    $6,136
    Hours/week
    0.1 + 40.8 related

    Schedule J breakdown matched by us

    Base
    $0 + $204,518 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,136 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $210,654 related

  • Jason Sackett

    President

    Total calculated
    $142,008
    From this org
    $0
    From related orgs
    $139,394
    Other
    $2,614
    Hours/week
    0.1 + 40.1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Part I, Line 3
PathStone Alliance for Better Housing does not have an Executive Director, however, the wages and benefits of all top management employees of the parent corporation are determined by the personnel committee of the parent company, PathStone Corporation, as part of its ongoing wage comparative studies and benefit budgeting process. The process includes independent review, comparability data, and deliberation by a compensation committee.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • Ada Ridge Partners II LLC

    N/A · Affordable Housing · NY

  • Ada Ridge Partners LP

    N/A · Affordable Housing · NY

  • Albion Senior Living LLC

    N/A · Affordable Housing · NY

  • Alturas de Castaner LP

    N/A · Affordable Housing · NY

  • Andrews Terrace LLC

    N/A · Affordable Housing · NY

  • Anthony Square LP

    N/A · Affordable Housing · NY

  • Beechwood Apartments LLC

    N/A · Affordable Housing · NY

  • Bradmar Village LLC

    N/A · Affordable Housing · NY

  • Breckenridge on Seneca LLC

    N/A · Affordable Housing · NY

  • Brower Road LLC

    N/A · Affordable Housing · NY

  • Canal Place LP

    N/A · Affordable Housing · NY

  • Canal View Senior Housing LLC

    N/A · Affordable Housing · NY

  • Castle Street Associates LP

    N/A · Affordable Housing · NY

  • Cedar Creek Housing LLC

    N/A · Affordable Housing · NY

  • Central Place LP

    N/A · Affordable Housing · NY

  • Clayton Heights LP

    N/A · Affordable Housing · NY

  • Clifton Commons Associates LP

    N/A · Affordable Housing · NY

  • Creekside Clearing LP

    N/A · Affordable Housing · NY

  • Crerand Commons LLC

    N/A · Affordable Housing · NY

  • Destiny at WCP LP

    N/A · General Housing · NY

  • Eastman Reserve LLC

    N/A · Affordable Housing · NY

  • Elliott's Landing LP

    N/A · Affordable Housing · NY

  • Elmgrove Place LP

    N/A · Affordable Housing · NE

  • Fullerton Lofts LP

    N/A · Affordable Housing · NY

  • Gettysburg Scattered Sites Associates

    N/A · Affordable Housing · NY

  • Hale Court LP

    N/A · Affordable Housing · NY

  • Highland Meadows Partners LLC

    N/A · Affordable Housing · NY

  • Lander Street Partners II LP

    N/A · Affordable Housing · NY

  • Lander Street Partners III LLC

    N/A · Affordable Housing · NY

  • Lander Street Partners LP

    N/A · Affordable Housing · NY

  • Lehigh Managing Member LLC

    N/A · Affordable Housing · NY

  • LivMoor Portfolio LLC

    N/A · Affordable Housing · NY

  • Long Pond Senior Apartments LLC

    N/A · Affordable Housing · NY

  • Macartovin Apartments LLC

    N/A · Affordable Housing · NY

  • Marketview Housing LP

    N/A · Affordable Housing · NY

  • Marketview Phase II LP

    N/A · Affordable Housing · NY

  • MJ Estates II LLC

    N/A · Affordable Housing · NY

  • MJ Estates LP

    N/A · Affordable Housing · NY

  • Monica Homes LLC

    N/A · Affordable Housing · NY

  • Niagara Place LP

    N/A · Affordable Housing · NY

  • Ontario Place LP

    N/A · Affordable Housing · NY

  • Oxford Crossing Apartments

    N/A · Affordable Housing · NY

  • PABH Development LLC

    N/A · Affordable Housing · NY

  • PathStone Wedgepoint LLC

    N/A · Affordable Housing · NY

  • Pinnacle Apartments LLC

    N/A · Affordable Housing · NY

  • Portal De San German LLC

    N/A · Affordable Housing · NY

  • Rexford Place LP

    N/A · Affordable Housing · NY

  • Sisson Reserve II LLC

    N/A · Affordable Housing · NY

  • Sisson Reserve LLC

    N/A · Affordable Housing · NY

  • SLM Apartments LLC

    N/A · Affordable Housing · NY

  • Stone Quarry Apartments LLC

    N/A · Affordable Housing · NY

  • Stonewood Village LLC

    N/A · Affordable Housing · NY

  • Susan B Anthony LP

    N/A · Affordable Housing · NY

  • Thompson Building Associates LP

    N/A · Affordable Housing · NY

  • Towpath III LP

    N/A · Affordable Housing · NY

  • Washington Park Associates LP

    N/A · Affordable Housing · NY

  • Woodward LP

    N/A · Affordable Housing · NY

  • Baird Road Development LLC

    N/A · Affordable Housing · NY

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • Alliance Homes II Corp

    C · General Partner in L.P. Transactions · NY

  • Crerand Commons MM Corporation

    C · General Partner in L.P. Transactions · NY

  • Destiny at Wilson Commencement Park

    C · General Partner in L.P. Transactions · NY

  • Eastman Reserve MM Corporation

    C · General Partner in L.P. Transactions · NY

  • Jamestown Managing Member LLC

    C · General Partner in L.P. Transactions · NY

  • Marketview Housing Inc

    C · General Partner in L.P. Transactions · NY

  • PathStone Breckenridge Inc

    C · General Partner in L.P. Transactions · NY

  • PathStone Long Pond Inc

    C · General Partner in L.P. Transactions · NY

  • PathStone Stone Quarry Inc

    C · General Partner in L.P. Transactions · NY

  • PathStone Wedgepoint MM Corporation

    C · General Partner in L.P. Transactions · NY

  • PathStone Whitehall Acres LLC

    C · General Partner in L.P. Transactions · NY · 100% owned

    Directly controlled by PathStone Alliance for Better Housing

  • PDC Towpath Corporation

    C · General Partner in L.P. Transactions · NY

  • PHEDCO Investments Inc

    C · General Partner in L.P. Transactions · NY

  • Pinnacle Managing Member LLC

    C · General Partner in L.P. Transactions · NY

  • RHAC Development Corporation

    C · General Partner in L.P. Transactions · NY

  • RHOC Crossman Inc

    C · General Partner in L.P. Transactions · NY

  • Rural Housing Opportunities Development Corp

    C · General Partner in L.P. Transactions · NY

  • Salem Senior Housing Corp

    C · General Partner in L.P. Transactions · NY

  • Sisson Reserve MM II LLC

    C · General Partner in L.P. Transactions · NY

  • Sisson Reserve MM LLC

    C · General Partner in L.P. Transactions · NY

  • Sisson Sewage Works Corporation

    C · General Partner in L.P. Transactions · NY

  • Slater Neighborhood Inc

    C · General Partner in L.P. Transactions · NY

  • Baird Road MM LLC

    C · General Partner in L.P. Transactions · NY

  • Churchview MM LLC

    C · General Partner in L.P. Transactions · NY

Provenance

Return type
form_990
Tax year
2023
Filed
26 June 2025
IRS schema version
2023v6.0
Source object
202531819349300508

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