Nonprofit · EIN 16-0984913
PATHSTONE CORPORATION
Tax-exempt · ROCHESTER, NY 14607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $50,960,569 | $53,122,971 | -$2,162,402 | $62,300,977 | $15,332,869 | $46,968,108 |
| September 30, 2024 | 990 | $45,726,235 | $45,187,747 | $538,488 | $42,238,181 | $17,051,003 | $25,187,178 |
| September 30, 2023 | 990 | $43,249,878 | $42,444,192 | $805,686 | $44,274,434 | $19,625,744 | $24,648,690 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $49,506,201
- of which government grants
- $46,232,659
- Program service revenue
- $304,455
- Investment income
- $797,716
- Net rental income
- $352,197
- Other revenue
- $352,197
Expenses
- Grants and similar amounts paid
- $7,605,511
- Compensation of officers, directors and key employees
- $667,102
- Other salaries and wages
- $18,381,281
- Salaries, compensation and benefits (total)
- $26,417,175
- Professional fundraising fees
- $0
- Legal fees
- $21,933
- Occupancy
- $3,796,436
- Travel
- $975,730
- Depreciation
- $278,781
- Program services (functional)
- $40,449,203
- Management and general (functional)
- $12,620,621
- Fundraising (functional)
- $53,147
Balance sheet and other
- Total assets, start of year
- $42,238,181
- Total assets, end of year
- $62,300,977
- Total liabilities, end of year
- $15,332,869
- Net assets, end of year
- $46,968,108
- Land, buildings and equipment
- $4,018,260
- Publicly traded securities
- $17,476,788
- Net assets without donor restrictions
- $46,924,963
- Net assets with donor restrictions
- $43,145
- Gross receipts
- $50,960,569
- Employees
- 787
- Volunteers
- 157
- Year formed
- 1971
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Alexander D Castro | President and CEO Officer | 40 | $283,714 | $17,545 |
| Ruperto Montero | Treasurer/Chief Financial Officer | 40 | $243,827 | $16,391 |
| Leslie W Kernan Jr | General Counsel & Chief Le Highest-paid employee | 40 | $221,743 | $6,660 |
| Susan Boss | SR VP of Housing Services Highest-paid employee | 40 | $185,335 | $17,914 |
| Angela Iocolano | Sr Director of Quality & E Highest-paid employee | 40 | $177,698 | $17,685 |
| Kathryn Bryan | SR VP of Asset Management Highest-paid employee | 40 | $177,457 | $15,976 |
| Anne Babcock-Stiner | Chief Human Resources Offi Highest-paid employee | 40 | $178,554 | $13,779 |
| Belsy Velez | Board Member Trustee or director | 1.2 | $0 | $0 |
| Cherilyn Horning | Board Member Trustee or director | 0.8 | $0 | $0 |
| Erick Baur | Board Member Trustee or director | 0.8 | $0 | $0 |
| Hilda Escher | Board Member Trustee or director | 0.8 | $0 | $0 |
| Ida Perez | Board Member Trustee or director | 1.2 | $0 | $0 |
| Juan Miguel Leon Bautista | Board Member Trustee or director | 0.8 | $0 | $0 |
| Kathleen Greeley | Treasurer (Through 6/25) Trustee or director, Officer | 1.2 | $0 | $0 |
| Kevin Laysath | Board Member Trustee or director | 1.2 | $0 | $0 |
9 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Leslie Vazquez | Board Member Trustee or director | 0.8 | $0 |
| Maribel Alvarez-Rico | Board Member Trustee or director | 0.8 | $0 |
| Mikel Grimm | Board Member Trustee or director | 0.8 | $0 |
| Milton Pichardo | Board Member Trustee or director | 0.8 | $0 |
| Orlando Ortiz | Chairperson Trustee or director, Officer | 1.2 | $0 |
| Patrick Tobin | Board Member Trustee or director | 1.2 | $0 |
| Ralph Sinistro | Vice-Chair Trustee or director, Officer | 1.2 | $0 |
| Regina Dougherty | Board Member Trustee or director | 0.8 | $0 |
| Serena Compitello | Board Member Trustee or director | 0.8 | $0 |
990 for the year ended September 30, 2024: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Alexander D Castro | President and CEO Officer | 40 | $256,751 | $15,762 |
| Ruperto Montero | Treasurer/Chief Financial Officer | 40 | $251,816 | $15,863 |
| Leslie W Kernan Jr | General Counsel & Chief Le Highest-paid employee | 40 | $204,518 | $6,136 |
| Angela Iocolano | Sr Director of Quality & Evaluation Highest-paid employee | 40 | $177,698 | $24,162 |
| Susan Boss | SR VP of Housing Services Highest-paid employee | 40 | $180,574 | $18,528 |
| Kathryn Bryan | SR VP of Asset Management Highest-paid employee | 40 | $182,307 | $12,446 |
| Anne Babcock-Stiner | Chief Human Resources Officer Highest-paid employee | 40 | $178,554 | $14,774 |
| Aliz Perea-Jimenez | Board Member Trustee or director | 0.8 | $0 | $0 |
| Andre Harper | Board Member Trustee or director | 0.8 | $0 | $0 |
| Arlene Wilson | Board Member Trustee or director | 0.8 | $0 | $0 |
| Belsy Velez | Board Member Trustee or director | 0.8 | $0 | $0 |
| Eric Shoen-Ukre | Board Member Trustee or director | 0.8 | $0 | $0 |
| Ernest Caswell | Board Member Trustee or director | 1.2 | $0 | $0 |
| Fernando Santiago | Board Member Trustee or director | 1.2 | $0 | $0 |
| Kevin Leysath | Board Member Trustee or director | 0.8 | $0 | $0 |
| Leslie Vazquez | Board Member Trustee or director | 0.8 | $0 | $0 |
| Luis Luna | Board Member Trustee or director | 0.8 | $0 | $0 |
| Monique Oliva-Kulp | Secretary Trustee or director, Officer | 1.2 | $0 | $0 |
| Orlando Ortiz | Chairperson Trustee or director, Officer | 1.2 | $0 | $0 |
| Patricia Mogan | Board Member Trustee or director | 1.2 | $0 | $0 |
| Patrick Tobin | Board Member Trustee or director | 1.2 | $0 | $0 |
| Ralph Sinistro | Vice-Chair Trustee or director, Officer | 1.2 | $0 | $0 |
| Ricardo Hernandez | Board Member Trustee or director | 0.8 | $0 | $0 |
| Todd Carter | Board Member Trustee or director | 0.8 | $0 | $0 |
| Wilma Alejandro | Board Member Trustee or director | 0.8 | $0 | $0 |
| Yvonne Thompson | Board Member Trustee or director | 0.8 | $0 | $0 |
| Kathleen Greeley | Board Member Trustee or director | 0.8 | $0 | $0 |
990 for the year ended September 30, 2023: 26 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| Alexander D Castro | President and CEO Officer | 40 | $243,302 | $13,494 |
| Ruperto Montero | Treasurer/Chief Financial Officer | 40 | $209,888 | $12,063 |
| Stuart Mitchell | Executive Director PathStone Foundation Highest-paid employee | 40 | $190,070 | $7,864 |
| Leslie W Kernan Jr | General Counsel & Chief Le Highest-paid employee | 40 | $191,447 | $5,743 |
| Susan Boss | SR VP of Housing Services Highest-paid employee | 40 | $173,232 | $19,405 |
| Kathryn Bryan | SR VP of Asset Management Highest-paid employee | 40 | $173,543 | $12,459 |
| Nita D'Agostino | Sr VP of Direct Services Highest-paid employee | 40 | $170,416 | $12,610 |
| Aliz Perea-Jimenez | Board Member Trustee or director | 0.8 | $0 | $0 |
| Andre Harper | Board Member Trustee or director | 0.8 | $0 | $0 |
| Arlene Wilson | Chairperson Trustee or director, Officer | 1.2 | $0 | $0 |
| Belsy Velez | Board Member Trustee or director | 0.8 | $0 | $0 |
| Eric Shoen-Ukre | Board Member Trustee or director | 0.8 | $0 | $0 |
| Ernest Caswell | Board Member Trustee or director | 1.2 | $0 | $0 |
| Fernando Santiago | Board Member Trustee or director | 1.2 | $0 | $0 |
| Kevin Leysath | Board Member Trustee or director | 0.8 | $0 | $0 |
| Leslie Vazquez | Board Member Trustee or director | 0.8 | $0 | $0 |
| Luis Luna | Board Member Trustee or director | 0.8 | $0 | $0 |
| Monique Oliva-Kulp | Secretary Trustee or director, Officer | 1.2 | $0 | $0 |
| Orlando Ortiz | Vice Chair Trustee or director, Officer | 1.2 | $0 | $0 |
| Patricia Mogan | Board Member Trustee or director | 1.2 | $0 | $0 |
| Patrick Tobin | Board Member Trustee or director | 1.2 | $0 | $0 |
| Ralph Sinistro | Board Member Trustee or director | 1.2 | $0 | $0 |
| Ricardo Hernandez | Board Member Trustee or director | 0.8 | $0 | $0 |
| Todd Carter | Board Member Trustee or director | 0.8 | $0 | $0 |
| Wilma Alejandro | Board Member Trustee or director | 0.8 | $0 | $0 |
| Yvonne Thompson | Board Member Trustee or director | 0.8 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 EAST AVE, ROCHESTER, NY 14607-1910
- Principal officer (990 for 2024)
- Ruperto Montero, 400 EAST AVENUE, ROCHESTER, NY 14607
- Signed the 990
- Ruperto Montero, CFO
- Phone
- (585) 546-7180
- Website
- www.PathStone.org
- Return prepared by
- Heveron & Company CPAs PLLC
Mission
PathStone Corporation builds family and individual self-sufficiency by strengthening farmworker, rural and urban communities. PathStone Corporation promotes social justice through program and advocacy.
Program accomplishments
- ADULT EDUCATION, TRAINING & EMPLOYMENT: Provide quality job training and employment services leading to gainful employment at livable wages for individuals who are underemployed or unemployed. The services offered are: skills assessment, job training, career exploration, placement and retention support. Those served include: farmworkers, seniors, formerly incarcerated/returning citizens, TANF recipients, residents of targeted communities, and other low-wage workers. 4,341 people were enrolled in services and 835 more were placed in jobs. Services are available in: Maine, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico, Vermont, and Virginia.Continued on Schedule OThis program is supported by government grants and contributions of $14,131,478.Expenses $13,058,049 · grants $2,518,591 · revenue $61,670
- CHILD & FAMILY DEVELOPMENT: Provides comprehensive services to pregnant mothers and children ages birth to school age to increase social, emotional and educational skills through activities designed to promote the overall well-being of the child and family. The services offered are: full day preparation for school readiness, education and family literacy activities to parents, nutritious meals to children and referrals to community resources. 898 individuals were served in Head Start Programs: Migrant & Seasonal Head Start, Head Start, Early Head Start and State Funded Programs: Head Start State Supplemental, Pre-K Counts, and Infant Toddler Contracted Slots programs. Services are available in: New Jersey and Pennsylvania.Continued on Schedule OThis program is supported by government grants and contributions of $9,330,050.Expenses $8,520,650 · grants $720,780
- SUPPORTIVE HOUSING & RENTAL ASSISTANCE SERVICES: Provide supportive services for residents living in PathStone Corporation rental communities consisting of: social, educational and recreational enrichment programs, information and referrals for crisis support, and access to health, nutrition, mental health and other community-based services to tenants. 1,214 residents received supportive housing services throughout the PathStone rental property portfolio.Continued on Schedule OProvide apartment rental assistance through Section 8 Housing Choice Voucher Program to 6,091 low-income families and seniors living in six New York State counties. Staff members regularly refer participants to community resources. Eligible participants can participate in the Family Self-Sufficiency Program which provides individualized coaching and support designed to result in meaningful self-supporting employment.This program is supported by government grants and contributions of $5,548,476.Expenses $4,649,255 · grants $330,174 · revenue $91,839
- YOUTH EDUCATION, TRAINING & EMPLOYMENT: Enable youth to recognize educational and career opportunities as they pursue lifelong goals. The services offered are: workshops in confidence building, communication, and leadership skills, job training, high school equivalency diploma (GED), tutoring, mentoring, drop-out prevention, and family centered intervention. Those served include: youth and young adults. 361 youth were placed in jobs and post-secondary education/training and 358 youth trained with 198 credentials. Services are available in: Delaware, Maine, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico and Vermont.This program is supported by government grants and contributions of $3,197,108.Expenses $3,012,136 · grants $525,893
- HEALTH & SAFETY: Provide occupational and personal health and safety education and also substance abuse prevention counseling and services. The services offered are: peer-delivered HIV prevention education for at-risk populations, HIV counseling and testing, assistance in accessing quality health care services, occupational health and safety training for farmworkers, alcohol, drug, and tobacco avoidance programs for youth, and rent/utility assistance for those affected/infected by HIV/AIDS. 257 participants received HIV prevention education and 56 infected/affected households received rental assistance. There have also been 9,237 farmworkers and members of agricultural communities who received training on pesticide safety, hearing loss prevention, and heat stress/back injury avoidance. Services are available in: Maine, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico and Vermont.This program is supported by government grants and contributions of $4,072,030.Expenses $3,605,264 · grants $1,056,296
- EMERGENCY & SUPPORTIVE SERVICES: Provide essential food and shelter services to farmworkers and low-income families in crisis to stabilize participant households and enable them to regain traction toward achieving personal and program goals. The services offered are: emergency food and lodging for farmworkers and other families in need. 4,642 farmworker and low-income households received Emergency and Supportive Services. Services are available in: Indiana, Maine, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico, and Vermont. This program is supported by government grants and contributions of $2,281,353.Expenses $2,000,154 · grants $222,360 · revenue $22,015
- REAL ESTATE DEVELOPMENT: PathStone and its affiliates work with community partners, nonprofits, private developers and government officials to design and build housing that is affordable, accessible and seamlessly integrated into the community in which it is built. The services offered are: development and acquisition of affordable rental housing for families, farmworkers, seniors, and special needs populations while also offering affordable single-family for sale home construction. 47 affordable housing units have been developed and $27,000,000 has been invested in affordable housing developments. Services are provided by PathStone and its affiliates and are available in: Indiana, New York, Pennsylvania, and Puerto Rico.Future projects include a pipeline of over 1,000 units of preservation, new construction, and adaptive re-use opportunities. Single family for sale redevelopment continues in Indiana with three of four sites completed. Our present developments include the new construction of workforce housing LEED Gold and Zero development located adjacent to the Amazon Roc 1 fulfillment center. We also received two awards including the redevelopment of Creekside Clearing which will include the preservation of 32 units and the new construction of 15 units and a 65 unit mixed-use family new construction project including a childcare center. Two homes are under construction and another 36 are in predevelopment in Indiana. In Puerto Rico, the Carolinas redevelopment and the La Merced Elderly Center will provide 319 units of mixed income housing in collaboration with the local Public Housing Authority and Department of Housing. We are committed to provide housing to meet the needs of the communities we work in communities representing 2,512 units and 4,570 residents. Services are currently provided in: New York and Indiana.This program is supported by government grants and contributions of $859,867.Expenses $977,335 · grants $268,996 · revenue $10,632
- HOUSING COUNSELING: Provide housing counseling services from certified housing counselors that includes pre and post home purchase education and counseling, mortgage delinquency and default resolution counseling, and reverse mortgage, fair housing, rental, and homeless counseling. Housing Counselors are trained and certified to provide tools to current and prospective homeowners and renters so they can make responsible choices to address their housing needs in light of their financial situation. 289 homes were preserved through foreclosure prevention counseling, 479 new homeowners were created and there were 4,723 housing counseling customers. Services are available in: Indiana, New York, Pennsylvania, and Puerto Rico.This program is supported by government grants and contributions of $1,594,142.Expenses $1,360,408 · grants $63,714 · revenue $68,674
- Home Rehabilitation and Energy Services: Create and preserve assets through coordinated home rehabilitation, energy services, and community based revitalization programs. We are committed to promoting self-sufficiency and economic stability through safe, sustainable, energy efficient housing and also specialize in providing resources, access to appropriate financing, and advocacy to support homeowners. The services offered are: free and low cost home repair, energy conservation upgrades, lead-based paint remediation, and access upgrades for seniors and persons with disabilities. 206 housing units were repaired or weatherized. Services are available in: Indiana and New York.This program is supported by government grants and contributions of $3,124,597.Expenses $3,265,952 · grants $1,898,707 · revenue $49,625
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 15, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 16, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 17, 2025 | 990 on file |
IRS record
- EIN
- 16-0984913
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Group exemption
- Exempt since
- 1982
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S32Z)
- Group exemption
- 9113 (50 member organizations)
- Assets (IRS master file)
- $62,300,977
- Income (IRS master file)
- $50,960,569
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $50,960,569 | $53,122,971 | $62,300,977 | XML |
| 990 | September 2024 | $45,726,235 | $45,187,747 | $42,238,181 | XML |
| 990 | September 2023 | $43,249,878 | $42,444,192 | $44,274,434 | XML |
| 990 | September 2022 | $41,038,307 | $40,354,964 | $36,016,844 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 16-0984913).
Questions about PATHSTONE CORPORATION
- What is the EIN of PATHSTONE CORPORATION?
- The employer identification number (EIN) of PATHSTONE CORPORATION is 16-0984913.
- Is PATHSTONE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Are donations to PATHSTONE CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Group exemption).
- Which annual return does PATHSTONE CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PATHSTONE CORPORATION due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 15, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PATHSTONE CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of PATHSTONE CORPORATION?
- The 990 for the year ended September 30, 2025 names Ruperto Montero.
- Who are the officers and directors of PATHSTONE CORPORATION?
- The 990 for the year ended September 30, 2025 lists 24 people; 7 received compensation from the organization, the highest $283,714 (Alexander D Castro, President and CEO).
- How much revenue does PATHSTONE CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $50,960,569, expenses of $53,122,971 and total assets of $62,300,977 at year end.
Organizations in its group exemption (50)
- PATHSTONE CORPORATION EIN 16-1183242 · ROCHESTER, NY · last filed 990 for 2025
- PATHSTONE CORPORATION EIN 16-1265765 · ROCHESTER, NY · last filed 990 for 2025
- PATHSTONE CORPORATION EIN 16-1170113 · ROCHESTER, NY · last filed 990 for 2025
- PATHSTONE CORPORATION EIN 23-2754537 · KENNETT SQ, PA · last filed 990 for 2025
- PATHSTONE CORPORATION EIN 13-4215024 · ROCHESTER, NY · last filed 990-N for 2009
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