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Nonprofiteer
← PATHSTONE FOUNDATION

Form 990 for tax year 2022

Filed by PATHSTONE FOUNDATION.

Totals

Total revenue
$515,410
Total expenses
$402,481
Contributions and grants received
$536,537
Grants paid
$84,000
Program service revenue
$0
Investment income
$0
Other revenue
-$21,127
Total assets, end of year
$917,314
Total liabilities, end of year
$186,714
Net assets or fund balances, end of year
$730,600
Program services expenses (Part IX)
$84,000
Management and general expenses
$146,631
Fundraising expenses
$171,850
Program service expenses (Part III)
$84,000

Program services were 20.9% 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.

  • 1c · Fundraising events

    $245,041

  • 1f · All other contributions, gifts and grants

    $291,496

  • 8a · Fundraising events: gross income

    $0

  • 8a · Fundraising events: contributions included on line 1c

    $245,041

  • 8b · Fundraising events: direct expenses

    $30,660

  • 8c · Net income from fundraising events

    total -$30,660 · excluded -$30,660

  • 11a · Other revenue: Other Income

    total $9,533 · related or exempt $9,533

  • 11e · Other revenue, total

    $9,533

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $84,000 · program services $84,000

  • 11g · Fees: other

    total $235,286 · management and general $102,492 · fundraising $132,794

  • 13 · Office expenses

    total $20,371 · management and general $12,245 · fundraising $8,126

  • 14 · Information technology

    total $239 · management and general $239

  • 16 · Occupancy

    total $17,902 · management and general $6,071 · fundraising $11,831

  • 24a · Other expenses: Indirect Costs

    total $12,773 · management and general $12,773

  • 24b · Other expenses: Equipment

    total $1,520 · management and general $1,520

  • 24e · All other expenses

    total $30,390 · management and general $11,291 · fundraising $19,099

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $538,139 · end of year $649,352

  • 11 · Investments: publicly traded securities

    beginning of year $173,786 · end of year $267,962

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,742 · end of year $2,893

  • 25 · Other liabilities

    beginning of year $116,917 · end of year $183,821

  • 27 · Net assets without donor restrictions

    beginning of year $593,266 · end of year $730,600

Mission and programs · 2022

Mission

The mission of PathStone Foundation is to raise funds to support the activities and mission of PathStone Corporation, a visionary, diverse organization empowering individuals, families and communities to attain economic and social resources for building better lives.

Activities or mission (Part I)

To support the activities and mission of PathStone Corporation

  • PathStone Foundation operates to raise funds to support the activities and mission of PathStone Corporation, a visionary, diverse organization empowering individuals, families and communities to attain economic and social resources for building better lives.

    Expenses $84,000 · Grants $84,000

As filed on the 2022 return.

Listed in Part VII

  • Fernando Santiago

    Chair/Director

    Total calculated
    $0
    Hours/week
    0.1

  • Alex Castro

    Director, Ex Officio

    Total calculated
    $256,796
    From this org
    $0
    From related orgs
    $243,302
    Other
    $13,494
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $243,302 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,299 related
    Nontaxable benefits
    $0 + $6,195 related
    Filer's total
    $0 + $256,796 related

  • Margaret A Sanchez

    Vice-Chair/Director

    Total calculated
    $0
    Hours/week
    0.1

  • Clayton Osborne

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Adam Smith

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Fabricio Morales

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Jennifer Townsend

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Alex Robinson

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Shaun Hakiel

    Director

    Total calculated
    $0
    Hours/week
    0.1

  • Ruperto Montero

    Treasurer and CFO

    Total calculated
    $221,951
    From this org
    $0
    From related orgs
    $209,888
    Other
    $12,063
    Hours/week
    2 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $209,888 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $6,297 related
    Nontaxable benefits
    $0 + $5,766 related
    Filer's total
    $0 + $221,951 related

  • Isha Torres

    Executive Director (starting 04/2023)

    Total calculated
    $0
    Hours/week
    40

  • Stuart Mitchell

    Executive Director (through 04/2023)

    Total calculated
    $190,538
    From this org
    $0
    From related orgs
    $190,070
    Other
    $468
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $190,070 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $468 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $190,538 related

  • Les Kernan

    Secretary

    Total calculated
    $197,190
    From this org
    $0
    From related orgs
    $191,447
    Other
    $5,743
    Hours/week
    0.1 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $191,447 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $5,743 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $197,190 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 Foundation does not have any direct compensation expense since all employees are officially employed by the parent company, PathStone Corporation. The wages and benefits of all top management employees are determined by the personnel committee of the parent company 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

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

  • April Meadows 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

  • Briarwood Place LP

    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

  • Clarkson-Seldon Square Partners 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

  • Heritage Meadows Partners 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

  • Sandy Creek Associates LP

    N/A · Affordable Housing · NY

  • Seldon Square II LLC

    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

  • Westminister Place 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

  • 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

Provenance

Return type
form_990
Tax year
2022
Filed
16 May 2024
IRS schema version
2022v5.0
Source object
202401419349300315

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