Totals
- Total revenue
- $11,257,637
- Total expenses
- $9,701,348
- Contributions and grants received
- $1,342,650
- Grants paid
- $0
- Program service revenue
- $6,766,503
- Investment income
- $3,148,484
- Other revenue
- $0
- Total assets, end of year
- $98,747,319
- Total liabilities, end of year
- $67,648,247
- Net assets or fund balances, end of year
- $31,099,072
- Program services expenses (Part IX)
- $9,000,279
- Management and general expenses
- $671,069
- Fundraising expenses
- $30,000
- Program service expenses (Part III)
- $9,000,279
Program services were 92.8% 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.
-
1d · Related organizations
$47,000
-
1e · Government grants (contributions)
$427,110
-
1f · All other contributions, gifts and grants
$868,540
-
2a · Program service revenue: CANCELLATION OF DEBT
total $2,782,138 · related or exempt $2,782,138
-
2b · Program service revenue: DEVELOPER FEE INCOME
total $2,396,583 · related or exempt $2,396,583
-
2c · Program service revenue: PARTNERSHIP Mgmt FEe
total $375,503 · related or exempt $375,503
-
2d · Program service revenue: RENTAL INCOME
total $313,399 · related or exempt $313,399
-
2e · Program service revenue: SECTION 754 DEPRECIATION
total $628,470 · related or exempt $628,470
-
2f · All other program service revenue
total $270,410 · related or exempt $270,410
-
3 · Investment income
total $126,313 · excluded $126,313
-
4 · Income from investment of tax-exempt bond proceeds
total $0
-
5 · Royalties
total $0
-
6d · Net rental income or loss
total $0
-
7a · Gross sales of assets other than inventory
securities $3,022,171
-
7c · Gain or loss
securities $3,022,171
-
7d · Net gain or loss
total $3,022,171 · related or exempt $3,022,171
-
8c · Net income from fundraising events
total $0
-
9c · Net income from gaming
total $0
-
10c · Net income from sales of inventory
total $0
-
11e · Other revenue, total
$0
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $920,675 · program services $645,603 · management and general $275,072
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $1,323,482 · program services $1,245,288 · management and general $78,194
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $109,527 · program services $105,685 · management and general $3,842
-
10 · Payroll taxes
total $143,739 · program services $143,564 · management and general $175
-
11a · Fees: management
total $354,604 · program services $182,404 · management and general $172,200
-
11b · Fees: legal
total $1,625 · program services $1,625
-
11c · Fees: accounting
total $110,186 · program services $86,415 · management and general $23,771
-
11d · Fees: lobbying
total $15,000 · program services $15,000
-
11e · Fees: professional fundraising services
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $949,559 · program services $809,324 · management and general $110,235 · fundraising $30,000
-
12 · Advertising and promotion
total $0
-
13 · Office expenses
total $87,449 · program services $82,887 · management and general $4,562
-
14 · Information technology
total $0
-
15 · Royalties
total $0
-
16 · Occupancy
total $0
-
17 · Travel
total $7,995 · program services $7,995
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $0
-
20 · Interest
total $46,665 · program services $45,113 · management and general $1,552
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $0
-
23 · Insurance
total $34,384 · program services $34,384
-
24a · Other expenses: RENTAL EXPENSE FROM K-1
total $5,250,826 · program services $5,250,826
-
24b · Other expenses: REAL ESTATE EXPENSE
total $315,700 · program services $315,700
-
24c · Other expenses: ASSET MANAGEMENT FEE
total $10,695 · program services $10,695
-
24d · Other expenses: PARTNER & SPONSORSHIP COSTS
total $5,983 · program services $5,983
-
24e · All other expenses
total $13,254 · program services $11,788 · management and general $1,466
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $3,827,450 · end of year $1,964,199
-
2 · Savings and temporary cash investments
end of year $0
-
3 · Pledges and grants receivable
end of year $0
-
4 · Accounts receivable
beginning of year $8,709,419 · end of year $8,280,995
-
5 · Loans and receivables from officers and key people
end of year $0
-
6 · Loans and receivables from disqualified persons
end of year $0
-
7 · Other notes and loans receivable
beginning of year $9,029,695 · end of year $15,051,866
-
8 · Inventories for sale or use
end of year $0
-
9 · Prepaid expenses and deferred charges
beginning of year $26,953 · end of year $0
-
10a · Land, buildings and equipment: cost or other basis
$48,584,545
-
10b · Land, buildings and equipment: accumulated depreciation
$10,905
-
10c · Land, buildings and equipment, net
beginning of year $48,577,330 · end of year $48,573,640
-
11 · Investments: publicly traded securities
end of year $0
-
12 · Investments: other securities
end of year $0
-
13 · Investments: program-related
beginning of year $4,722,345 · end of year $4,879,445
-
14 · Intangible assets
end of year $0
-
15 · Other assets
beginning of year $14,998,785 · end of year $19,997,174
-
17 · Accounts payable and accrued expenses
beginning of year $1,459,744 · end of year $1,171,792
-
23 · Secured mortgages and notes payable
beginning of year $60,488,731 · end of year $66,226,848
-
24 · Unsecured notes and loans payable
beginning of year $237,557 · end of year $249,607
-
25 · Other liabilities
beginning of year $20,051
-
27 · Net assets without donor restrictions
beginning of year $26,423,649 · end of year $30,499,670
-
28 · Net assets with donor restrictions
beginning of year $1,262,245 · end of year $599,402
Mission and programs · 2024
Mission
THE ORGANIZATION'S PURPOSE IS TO DEVELOP AFFORDABLE HOUSING, PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT, AND ENCOURAGE NEIGHBORHOOD REVITALIZATION FOR LOW INCOME FAMILIES AND INDIVIDUALS.
Activities or mission (Part I)
TO IMPROVE INDIVIDUAL LIVES AND COMMUNITIES BY INCREASING QUALITY AFFORDABLE HOUSING.
-
THE ORGANIZATION BUILDS AFFORDABLE HOUSING AND PERMANENT SUPPORTIVE HOUSING FOR HOMELESS AND LOW INCOME INDIVIDUALS AND FAMILIES. WHAT DISTINGUISHES THE ORGANIZATION IS ITS APPROACH TO CREATING HOUSING THAT SERVES THE SPEcific NEEDS TO THE HOMELESS POPULATION.
Expenses $9,000,279 · Revenue $6,766,503
As filed on the 2024 return.
Listed in Part VII
-
Joel RobertsJOEL ROBERTS
CEO
- Total calculated
- $396,675
- From this org
- $356,993
- From related orgs
- $0
- Other
- $39,682
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $356,993
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $39,682
- Filer's total
- $396,675
-
Sarah KolishSARAH KOLISH
COO
- Total calculated
- $346,466
- From this org
- $83,633
- From related orgs
- $216,605
- Other
- $46,228
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $83,633 + $216,605 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $46,228
- Filer's total
- $129,861 + $216,605 related
-
Sandy OluwekSANDY OLUWEK
CFO
- Total calculated
- $316,494
- From this org
- $115,273
- From related orgs
- $165,109
- Other
- $36,112
- Hours/week
- 4 + 40 related
Schedule J breakdown matched by us
- Base
- $115,273 + $165,109 related
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $36,112
- Filer's total
- $151,385 + $165,109 related
-
Anthony BahamondesANTHONY BAHAMONDES
SR DIR OF HSG
- Total calculated
- $242,753
- From this org
- $210,128
- From related orgs
- $0
- Other
- $32,625
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $210,128
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $32,625
- Filer's total
- $242,753
-
Lilian NajarroLILIAN NAJARRO
sr dir of finance
- Total calculated
- $189,373
- From this org
- $162,096
- From related orgs
- $0
- Other
- $27,277
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $162,096
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $27,277
- Filer's total
- $189,373
-
Shiheng GuanSHIHENG GUAN
PROJECT DIRECTOR
- Total calculated
- $152,286
- From this org
- $138,711
- From related orgs
- $0
- Other
- $13,575
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $138,711
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- $13,575
- Filer's total
- $152,286
-
Michael BusseMICHAEL BUSSE
PROJECT DIRECTOR
- Total calculated
- $142,901
- From this org
- $129,020
- From related orgs
- $0
- Other
- $13,881
- Hours/week
- 40
-
Michael LanzaMICHAEL LANZA
PROJECT DIRECTOR
- Total calculated
- $142,840
- From this org
- $124,966
- From related orgs
- $0
- Other
- $17,874
- Hours/week
- 40
-
Cynthia WongCYNTHIA WONG
PROJECT DIRECTOR
- Total calculated
- $139,456
- From this org
- $125,744
- From related orgs
- $0
- Other
- $13,712
- Hours/week
- 40
-
Brian TuckerBRIAN TUCKER
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Eileen DardickEILEEN DARDICK
Secretary
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Shane GoldsmithSHANE GOLDSMITH
CHAIR
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Karen KurtzmanKAREN KURTZMAN
Treasurer
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Jane BlumenfeldJANE BLUMENFELD
RECORDING SEC
- Total calculated
- $0
- Hours/week
- 1 + 1 related
-
Perla EstonPERLA ESTON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Mary KaiserMARY KAISER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Leslie LambertLESLIE LAMBERT
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Ellen NaglerELLEN NAGLER
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Annick HamonANNICK HAMON
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Sandeep Patel
BOARD MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Clair Orr
FOUNDER
- Total calculated
- $0
- Hours/week
- 1 + 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
- 3 · Form 990 of other organizations
- 3 · Approval by the board or compensation committee
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
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.
-
PATH PEOPLE ASSISTING THE HOMELESS
PUBLIC CHARITY · HOMELESS SERVICES · CA
-
PUBLIC CHARITY · TO PROVIDE AFFORDABLE HOUSING · CA
-
PUBLIC CHARITY · SOLUTION TO END HOMELESSNESS · CA
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.
Disregarded entities
Part I: entities that legally are the filer and file no return of their own.
-
MONTCLAIR GP LLC
RENTAL REAL ESTATE · CA · income $12,862 · assets $1,063,177
Directly controlled by PATH VENTURES
-
PATH CONNECTIONS LLC
RENTAL REAL ESTATE · CA · income $7,460 · assets -$284,221
Directly controlled by PATH VENTURES
-
PATH VENTURES METRO 345 LLC
RENTAL REAL ESTATE · CA · income $6,436 · assets $612,802
Directly controlled by PATH VENTURES
-
PATH VENTURES WINNETKA LLC
RENTAL REAL ESTATE · CA · income $12,729 · assets $24,770
Directly controlled by PATH VENTURES
-
PV EUCALYPTUS VILLAS MGP LLC
RENTAL REAL ESTATE · CA · income $4,797 · assets $9,722
Directly controlled by PATH VENTURES
-
PV MARMION WAY LLC
RENTAL REAL ESTATE · CA · income $51 · assets $57,811
Directly controlled by PATH VENTURES
-
PV METRO VILLAS PHASE 2 GP LLC
RENTAL REAL ESTATE · CA · income $5,853 · assets $470,265
Directly controlled by PATH VENTURES
-
PV SOUTH GATE GP LLC
RENTAL REAL ESTATE · CA · income $13,085 · assets $324,977
Directly controlled by PATH VENTURES
-
PV VILLAS ON THE PARK GP LLC
RENTAL REAL ESTATE · CA · income $21,532 · assets -$20,793
Directly controlled by PATH VENTURES
-
PVH GP LLC
RENTAL REAL ESTATE · CA · income $35,882 · assets $42,950
Directly controlled by PATH VENTURES
-
PATH VILLAS AT BUENA VISTA LLC
RENTAL REAL ESTATE · CA · income $85,400 · assets $8,722,200
Directly controlled by PATH VENTURES
-
PV NORMANDIE LLC
RENTAL REAL ESTATE · CA · income $371,701 · assets $13,076,446
Directly controlled by PATH VENTURES
-
PV MDR LLC
RENTAL REAL ESTATE · CA · income $55,410 · assets $14,384,563
Directly controlled by PATH VENTURES
-
PV HIGHLAND LLC
RENTAL REAL ESTATE · CA
Directly controlled by PATH VENTURES
-
PV SS INGLEWOOD GP LLC
RENTAL REAL ESTATE · CA · income $15,816 · assets $8,353,123
Directly controlled by PATH VENTURES
-
4TH ST MGP LLC
RENTAL REAL ESTATE · CA · income $23,625 · assets $67,636
Directly controlled by PATH VENTURES
-
ELA GP LLC
RENTAL REAL ESTATE · CA · income $45,200 · assets $5,312,519
Directly controlled by PATH VENTURES
-
WCV MGP LLC
RENTAL REAL ESTATE · CA · income $105 · assets -$384
Directly controlled by PATH VENTURES
-
PV VERMONT LLC
RENTAL REAL ESTATE · CA · income $18,474 · assets -$3,959
Directly controlled by PATH VENTURES
-
PVEC 1 LLC
RENTAL REAL ESTATE · CA · income $113,742 · assets $3,784,082
Directly controlled by PATH VENTURES
-
PVEC 2 LLC
RENTAL REAL ESTATE · CA
Directly controlled by PATH VENTURES
-
PV WARREN LANE LLC
RENTAL REAL ESTATE · CA · income $32,180 · assets $8,230,685
Directly controlled by PATH VENTURES
-
PV WEST SLAUSON LLC
RENTAL REAL ESTATE · CA · assets $7,955,998
Directly controlled by PATH VENTURES
-
STAR VILLAS LLC
RENTAL REAL ESTATE · CA · income $128,179 · assets $1,729,591
Directly controlled by PATH VENTURES
-
THE SIX VILLAS LLC
RENTAL REAL ESTATE · CA · income $20,176 · assets -$256,018
Directly controlled by PATH VENTURES
-
NEW PERSHING VILLAS LLC
RENTAL REAL ESTATE · CA · income $23,433 · assets $235,509
Directly controlled by PATH VENTURES
-
CENTRAL LA VILLAS LLC
RENTAL REAL ESTATE · CA · income $224,611 · assets $4,749,827
Directly controlled by PATH VENTURES
-
SIMONE VILLAS LLC
RENTAL REAL ESTATE · CA · income $157,226 · assets $3,535,002
Directly controlled by PATH VENTURES
-
FLOR VILLAS LLC
RENTAL REAL ESTATE · CA · income $155,696 · assets $3,382,536
Directly controlled by PATH VENTURES
-
649 VILLAS LLC
RENTAL REAL ESTATE · CA · income $2,806,512 · assets $2,839,950
Directly controlled by PATH VENTURES
-
SP7 VILLAS
RENTAL REAL ESTATE · CA · income $83,421 · assets -$2,003,079
Directly controlled by PATH VENTURES
-
PATH WINCHESTER LLC
RENTAL REAL ESTATE · CA
Directly controlled by PATH VENTURES
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
see attached
RELATED · LOW INCOME HOUSING · CA · share of income -$1,559,510 · share of assets $138,020,306 · general or managing partner
Directly controlled by see stmt
Provenance
- Return type
- form_990
- Tax year
- 2024
- Filed
- 14 November 2025
- IRS schema version
- 2024v5.2
- Source object
- 202543189349315729
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