Nonprofit · EIN 16-1183242
PATHSTONE CORPORATION
Also known as GROUP RETURN PATHSTONE HOUSING ACTI
Tax-exempt · ROCHESTER, NY 14607
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $22,720,847 | $23,476,752 | -$755,905 | $130,921,220 | $34,395,103 | $96,526,117 |
| September 30, 2024 | 990 | $22,601,635 | $24,974,436 | -$2,372,801 | $150,730,350 | $35,557,807 | $115,172,543 |
| September 30, 2023 | 990 | $21,983,662 | $23,458,321 | -$1,474,659 | $150,796,039 | $35,250,758 | $115,545,281 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $17,336,439
- of which government grants
- $16,457,582
- Program service revenue
- $4,838,360
- Investment income
- $546,048
- Net gain from sales of assets
- -$127,592
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $10,816,320
- Salaries, compensation and benefits (total)
- $0
- Professional fundraising fees
- $0
- Legal fees
- $23,399
- Accounting fees
- $102,346
- Occupancy
- $695,512
- Travel
- $133,590
- Depreciation
- $965,493
- Program services (functional)
- $20,510,388
- Management and general (functional)
- $2,966,364
Balance sheet and other
- Total assets, start of year
- $150,730,350
- Total assets, end of year
- $130,921,220
- Total liabilities, end of year
- $34,395,103
- Net assets, end of year
- $96,526,117
- Land, buildings and equipment
- $21,214,348
- Net assets without donor restrictions
- $95,843,415
- Net assets with donor restrictions
- $682,702
- Gross receipts
- $22,928,339
- Employees
- 0
- Volunteers
- 11
- Year formed
- 1979
- 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 | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Alexander Castro | Senior Vice President Officer | 1 | $0 | $283,714 | $17,545 |
| Ruperto Montero | VP of Finance, Treasurer Officer | 1 | $0 | $243,827 | $16,391 |
| Leslie W Kernan Jr | Secretary Officer | 0.2 | $0 | $221,743 | $6,660 |
| Susan Boss | VP for Housing Officer | 0.2 | $0 | $185,335 | $17,914 |
| Kathryn Bryan | VP and Assistant Treasurer Officer | 0.2 | $0 | $177,457 | $15,976 |
| Christina Brooks | VP for Property Management Officer | 0.2 | $0 | $156,319 | $26,695 |
| Jason Sackett | President Officer | 0.2 | $0 | $153,712 | $3,038 |
| Maria Rodriguez-Collazo | Vice President Officer | 0.2 | $0 | $110,800 | $3,324 |
| Rosa Uriarte | Assistant Secretary Officer | 0.2 | $0 | $79,989 | $3,685 |
| Dirk Schneider | Chairperson Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| Jean Lowe | Vice-Chairperson Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| Joel Barrett | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Michael Nuccitelli | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Lindsay Mohr | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Miriam Zinter | Director Trustee or director | 0.2 | $0 | $0 | $0 |
5 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Patrick Tobin | Director Trustee or director | 0.2 | $0 |
| Serena Compitello | Director Trustee or director | 0.2 | $0 |
| Tim Norman | Director Trustee or director | 0.2 | $0 |
| Wilma Alejandro Ramirez | Director Trustee or director | 0.2 | $0 |
| Yvonne Thompson | Director Trustee or director | 0.2 | $0 |
990 for the year ended September 30, 2024: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Alexander Castro | Senior Vice President Officer | 0.2 | $0 | $256,751 | $15,762 |
| Ruperto Montero | VP of Finance, Treasurer Officer | 0.2 | $0 | $251,816 | $15,863 |
| Leslie W Kernan Jr | Secretary Officer | 0.2 | $0 | $204,518 | $6,136 |
| Susan Boss | VP for Housing Officer | 0.2 | $0 | $180,574 | $18,528 |
| Kathryn Bryan | VP and Assistant Treasurer Officer | 0.2 | $0 | $182,307 | $12,446 |
| Christina Brooks | VP for Property Management Officer | 0.2 | $0 | $138,332 | $26,343 |
| Jason Sackett | President Officer | 0.2 | $0 | $139,394 | $2,614 |
| Maria Rodriguez-Collazo | Vice President Officer | 0.2 | $0 | $130,665 | $3,920 |
| Rosa Uriarte | Assistant Secretary Officer | 0.2 | $0 | $76,223 | $2,287 |
| Dirk Schneider | Chairperson Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| Jean Lowe | Vice-Chairperson Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| Kathleen Greeley | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Lindsay Mohr | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Miriam Zinter | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Patrick Tobin | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Phillip Borrelli Esq | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Serena Compitello | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Tim Norman | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Wilma Alejandro Ramirez | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Yvonne Thompson | Director Trustee or director | 0.2 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 20 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| Alexander Castro | Senior Vice President Officer | 0.2 | $0 | $243,302 | $13,494 |
| Ruperto Montero | VP of Finance, Treasurer Officer | 0.2 | $0 | $209,888 | $12,063 |
| Leslie W Kernan Jr | Secretary Officer | 0.2 | $0 | $191,447 | $5,743 |
| Susan Boss | VP for Housing Officer | 0.2 | $0 | $173,232 | $19,405 |
| Kathryn Bryan | VP and Assistant Treasurer Officer | 0.2 | $0 | $173,543 | $12,459 |
| Christina Brooks | VP for Property Management Officer | 0.2 | $0 | $120,417 | $10,845 |
| Jason Sackett | President Officer | 0.2 | $0 | $121,818 | $2,284 |
| Maria Rodriguez-Collazo | Vice President Officer | 0.2 | $0 | $104,616 | $3,138 |
| Rosa Uriarte | Assistant Secretary Officer | 0.2 | $0 | $68,226 | $2,886 |
| Miriam Zinter | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Serena Compitello | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Joel Frater | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Kathleen Greeley | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Jean Lowe | Vice-Chair Trustee or director | 0.2 | $0 | $0 | $0 |
| Wilma Alejandro Ramirez | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Yvonne Thompson | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Patrick Tobin | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Dirk Schneider | Chair Trustee or director, Officer | 0.2 | $0 | $0 | $0 |
| Phillip Borrelli Esq | Director Trustee or director | 0.2 | $0 | $0 | $0 |
| Lindsay Mohr | Director Trustee or director | 0.2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 400 EAST AVE, ROCHESTER, NY 14607-1910
- In care of
- % KEVIN G RYCK COMPTROLLER
- Principal officer (990 for 2024)
- Ruperto Montero, 400 EAST AVENUE, ROCHESTER, NY 14607
- Signed the 990
- Ruperto Montero, Vice President of Finance
- Phone
- (585) 546-7180
- Website
- www.PathStone.org
- Return prepared by
- Heveron & Company CPAs PLLC
Mission
PathStone Housing Action Corporation creates and provides opportunities for farmworkers and other disenfranchised people to confront and overcome barriers that prevent them from gaining access to economic, educational, social and political resources.The organization provides housing development; housing services; services to seniors and emergency and supportive services.
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. Continued on Schedule OServices are available in: Maine, New Jersey, New York, Ohio, Pennsylvania, Puerto Rico, Vermont, and Virginia.This program is supported by government grants and contributions of $9,798,564.Expenses $9,645,327 · grants $7,090,535
- RENTAL PROPERTY PORTFOLIO: Consists of the corporate legal entities required to own and operate affordable residential rental communities and the commercial properties owned by PathStone Corporation and its affiliate entities. Limited partnerships, limited liability companies and equity holding corporations are established to maintain the long-term ownership and organizational structure required by the PathStone Corporation Board of Directors and governmental and private lenders. The portfolio provides housing for qualifying families, individuals, farmworkers, seniors, and special needs population. Continued on Schedule OThe portfolio consisted of 74 affordable housing communities comprised 3220 units that provided high-quality, affordable homes for 6,679 residents. The portfolio has rental properties in Indiana, New York, Pennsylvania, and Puerto Rico.This program is supported by government grants and contributions of $1,198,912.Expenses $2,338,535 · revenue $2,279,872
- REAL ESTATE DEVELOPMENT: PathStone and its affiliates work with community partners, non?profits, 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, $27,000,000 has been invested in affordable housing developments. Continued on Schedule OServices 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 $1,683,098.Expenses $3,116,766 · grants $1,687,793 · revenue $44,086
- PathStone Enterprise Center (PECI), provides loans and technical assistance for small businesses and homeowners unable to get loans from conventional lenders. The services offered are origination of micro and small business loans, training for small business owners, and technical assistance for beginning businesses, as well as closing cost loans and home improvement loans for homeowners. As of September 30, 2025, PECI had 201 business loans with balances of $5,265,602 in its small business portfolio. During the 2025 Fiscal Year, PECI closed 66 micro and small business loans totaling $936,337 while closing 19 second mortgage loans totaling $122,500 in support of PathStone's home ownership and home improvement programs. PECI also closed 3 credit builder consumer loans totaling $7,500. Business services are available in upstate New York and Puerto Rico. Services for homeowners and consumers (closing cost and credit builder loans) are only available in Upstate, NY. This program is supported by government grants and contributions of $2,094,650.Expenses $2,167,697 · grants $98,500 · revenue $95,612
- 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 $176,650.Expenses $119,262
- HOME REHABILITATION & 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 $2,381,815.Expenses $1,939,492 · grants $1,939,492
- PROPERTY MANAGEMENT: PathStone Management Corporation, (PMC) serves as the property management company for the PathStone a majority of the rental property portfolio. PMC offers a full range of property management services delivered by a highly trained team of committed and competent management professionals who ensure safe and sanitary living environments so that each tenant is afforded the opportunity to enjoy and appreciate their home. PMC managed 57 affordable housing communities representing 2568 units and 4,858 residents. Services are currently provided in: New York and Indiana.Expenses $1,183,309 · revenue $2,418,790
What it must file and when
IRS records say it files Group return. Included in a group return filed by its parent. 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
- 16-1183242
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Exempt since
- 1982
- Accounting year ends
- September
- Files
- Group return
- Category (NTEE)
- Housing and shelter (L210)
- Group exemption
- 9113: PATHSTONE CORPORATION
- Assets (IRS master file)
- $130,921,220
- Income (IRS master file)
- $22,928,339
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $22,720,847 | $23,476,752 | $130,921,220 | XML |
| 990 | September 2024 | $22,601,635 | $24,974,436 | $150,730,350 | XML |
| 990 | September 2023 | $21,983,662 | $23,458,321 | $150,796,039 | XML |
| 990 | September 2022 | $20,096,851 | $20,588,813 | $87,715,793 | IRS |
| 990 | September 2021 | $21,347,590 | $20,806,376 | $88,645,469 | 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 16-1183242).
Questions about PATHSTONE CORPORATION
- What is the EIN of PATHSTONE CORPORATION?
- The employer identification number (EIN) of PATHSTONE CORPORATION is 16-1183242.
- Is PATHSTONE CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1982.
- Which annual return does PATHSTONE CORPORATION file?
- Form Group return. Included in a group return filed by its parent.
- 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 20 people; 0 received compensation from the organization.
- How much revenue does PATHSTONE CORPORATION have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $22,720,847, expenses of $23,476,752 and total assets of $130,921,220 at year end.
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All nonprofits in ROCHESTER · New York · Housing and shelter