Overview
What is Pathstone Development Corporation?
Pathstone Development Corporation is a nonprofit organization dedicated to providing affordable housing solutions. Based in Rochester, New York, they collaborate with various partners to create housing that seamlessly integrates into the community. Their services include the development and acquisition of affordable rental housing for diverse populations, such as families, seniors, and individuals with special needs. They also offer affordable single-family homes for sale. Since their inception, they have developed 73 affordable housing units, invested $17.9 million in affordable housing developments, and preserved 1,003 manufactured homes through resident ownership. Pathstone's operations extend to Indiana, New York, Pennsylvania, and Puerto Rico. Their current pipeline includes transformative community developments, such as an adaptive reuse of a vacant store and the historical preservation of a significant Main Street property. Their mission is to develop high-quality, affordable housing, manage it professionally, encourage resident participation, and create communities that benefit both residents and the larger community.
Official website here: www.pathstone.org
Is Pathstone Development Corporation legitimate?
Pathstone Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Pathstone Development Corporation 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $42,818
For more financial information, click here
Official website here: www.pathstone.org
What is the mission statement of Pathstone Development Corporation?
Pathstone Development Corporation's mission is centered around the development of high-quality, long-term affordable housing for low and moderate-income families. The organization is committed to professionally managing these residential properties. Furthermore, Pathstone encourages resident participation to ensure a satisfactory living environment. The corporation strives to create communities that serve as assets to both the residents and the broader community, upholding its own values and mission.
Official website here: www.pathstone.org
Who is the CEO of Pathstone Development Corporation?
Ruperto Montero is the Board Treasurer of Pathstone Development Corporation.
Official website here: www.pathstone.org
What is the revenue of Pathstone Development Corporation?
Pathstone Development Corporation's revenue in 2022 was $7,977,639.
Official website here: www.pathstone.org
Who are the executives of Pathstone Development Corporation and what are their salaries?
The average compensation at Pathstone Development Corporation during 2022 was $10,704. There are 4 employees and 15 volunteers at Pathstone Development Corporation.
Here are 19 key members and their salaries:
- Alexander D Castro (Senior Vice President)
- Ruperto Montero (Vice President For Finance)
- Leslie W Kernan Jr (Assistant Secretary)
- Amelia Casciani (President (Through 6/22))
- Kathleen Greeley (Board Treasurer) [Trustee/Director]
- Jean A Lowe (Board Chair) [Trustee/Director]
- Jim Affronti (Member) [Trustee/Director]
- Joshua Gewolb (Board Secretary) [Trustee/Director]
- Joel Frater (Member) [Trustee/Director]
- Patrick Tobin (Member) [Trustee/Director]
- Steven Savoca (Member) [Trustee/Director]
- Dirk Schneider (Board Vice Chair) [Trustee/Director]
- Wilma Alejandro Ramirez (Member) [Trustee/Director]
- Yvonne Thompson (Member) [Trustee/Director]
- Marcia Gass (Member) [Trustee/Director]
- Miriam Zinter (Member) [Trustee/Director]
- Serena Compitello (Member) [Trustee/Director]
- Phillip Borrelli Esq (Member) [Trustee/Director]
- Lindsay Mohr (Member) [Trustee/Director]
Official website here: www.pathstone.org
Where can I find the form 990 for Pathstone Development Corporation?
The Pathstone Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.pathstone.org
Learn more at the official website: www.pathstone.org
Mission Statement of Pathstone Development Corporation
Pathstone Development Corporation, a nonprofit organization, is dedicated to a mission that encompasses four key areas. Its primary goal is to develop high-quality, long-term affordable housing for low and moderate-income families. Beyond construction, the corporation also focuses on professionally managing these housing units to ensure they meet the necessary standards.
In addition to housing development and management, Pathstone Development Corporation encourages resident participation to foster a satisfying living environment. This community-building approach ensures that the developments not only meet the needs of the residents but also contribute positively to the larger community. By creating such communities, the corporation aims to be an asset to its residents and the community at large.
In summary, Pathstone Development Corporation's mission is multifaceted. It involves developing affordable housing, managing these properties professionally, encouraging resident participation, and contributing to the overall betterment of the community. The corporation's commitment to these areas aims to improve the living conditions and quality of life for low and moderate-income families.
Impact
This information is meant to be a general summary of Pathstone Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Pathstone Development Corporation's impact is significant in the realm of affordable housing development. It focuses on creating housing options that are sustainable and affordable for low and moderate-income families. The organization works in collaboration with various partners to design and construct housing that is not only affordable but also accessible and seamlessly integrated into the communities where it is situated.
Pathstone Development Corporation has developed 73 affordable housing units and invested over $17 million in affordable housing projects. Additionally, the organization has preserved 1,003 manufactured homes through resident ownership initiatives. Its services are available in Indiana, New York, Pennsylvania, and Puerto Rico, contributing to the provision of affordable housing solutions in these regions.
By focusing on developing high-quality, affordable housing options, Pathstone Development Corporation is fulfilling its mission of creating communities that serve as assets to residents and the larger community. Through its commitment to meeting the housing needs of the communities it serves, Pathstone Development Corporation is making a tangible impact on improving housing accessibility for those in need.
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 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Real Estate Developmen
Revenue
$7,180,048
Rental Property Portfo
Revenue
$118,433
Organization Details
Founding Year
1984
Phone
(585) 546-6340
Principal Officer
Ruperto Montero
Main Address
400 East Avenue, Rochester, NY, 14607
Website
www.pathstone.org
NTEE Category
Code: L200 - Housing
If you are a representative of Pathstone Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.