Pathstone Corporation
- Assets
- $2.2m
- Revenue
- $72.4k
- Investments
- $0.0
- Employees
- 0
- Location
- Rochester, NY
- Founding
- 09/1982
- Data as of
- 06/2022
- EIN
- 16-1170113
Organization Overview
Pathstone Corporation is located in Rochester, NY. The organization was established in 1982. According to its NTEE Classification (L41) the organization is classified as: Homeless Shelters, under the broad grouping of Housing & Shelter and related organizations. This organization is a subordinate organization within an affiliated group for tax-exemption purposes. Pathstone Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2022, Pathstone Corporation generated $72.4k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (31.8%) each year. All expenses for the organization totaled $83.3k during the year ending 06/2022. As we would expect to see with falling revenues, expenses have declined by (32.6%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
PROVIDE TEMPORARY HOUSING FOR WOMEN AND CHILDREN IN ROCHESTER, NEW YORK.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SOJOURNER HOUSE PROVIDES SEVERAL PROGRAMS INCLUDING TRANSITIONAL, PERMANENT AND SUPPORTIVE HOUSING IN THE ROCHESTER AREA. THE HOUSING PROVIDES SHELTER, STRUCTURE, AND CASE MANAGEMENT SERVICES TO HOMELESS WOMEN, AND HOMELESS WOMEN WITH CHILDREN. THE MAIN GOAL IS TO MOVE WOMEN TOWARD SELF-SUFFICIENCY AND INTO PERMANENT HOUSING. FOR THE LONG-TERM OBJECTIVE SOJOURNER HOUSE HAS SIGNED AN AGREEMENT TO TRANSFER ITS EXISTING PROGRAMS AND PROPERTIES TO THE YWCA OF GREATER ROCHESTER IN THE HOPES OF RUNNING THE PROGRAMS WITH GREATER ADMINISTRATIVE EFFICIENCY AS WELL AS SERVING MORE CLIENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nicole Calcagni Vice-Chair | OfficerTrustee | 1 | $0 |
Timothy Flaherty Treasurer | OfficerTrustee | 1 | $0 |
Stanley Tate Secretary | OfficerTrustee | 1 | $0 |
Shelby Stenson Chair | OfficerTrustee | 1 | $0 |
Sharon Conheady Member | Trustee | 0.25 | $0 |
Mimi Tilton Member | Trustee | 0.25 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $18,865 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $18,865 |
| Total Program Service Revenue | $0 |
| Investment income | $53,580 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $72,445 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $57,702 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $900 |
| Fees for services: Accounting | $7,805 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,969 |
| Advertising and promotion | $216 |
| Office expenses | $1,020 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $176 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $7,494 |
| All other expenses | $44 |
| Total functional expenses | $83,326 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $89,144 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $11,812 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,232 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $2,090,636 |
| Investments—other securities | $0 |
| Investments—program-related | $51,852 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $2,244,676 |
| Accounts payable and accrued expenses | $28,851 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $28,851 |
| Net assets without donor restrictions | $278,148 |
| Net assets with donor restrictions | $1,937,677 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $2,244,676 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Pathstone Corporation has recieved totaling $17,300.
| Awarding Organization | Amount |
|---|---|
United Way Of Greater Rochester And The Finger Lakes Inc Rochester, NY PURPOSE: CHARITABLE GIFT FUND | $17,300 |
Endowment Analysis
| Beg. Balance | $2,407,249 |
| Earnings | -$316,613 |
| Ending Balance | $2,090,636 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Lazarus House Incorporated Lawrence, MA | $10,094,845 | $10,908,998 |
St Christophers Inn Inc Garrison, NY | $7,329,399 | $7,259,618 |
Citizens Inn Inc Peabody, MA | $4,459,514 | $7,948,455 |
Casa Nueva Vida Inc Jamaica Plain, MA | $5,246,257 | $6,906,290 |
Rescue Mission Of Utica Inc Utica, NY | $9,177,377 | $6,677,348 |
Family Promise Inc Summit, NJ | $7,678,924 | $6,508,376 |
York Union Rescue Mission Inc York, PA | $4,203,301 | $6,244,380 |
Opportunity House Reading, PA | $5,953,825 | $7,820,343 |
Pacific House Inc Stamford, CT | $23,158,801 | $7,136,874 |
Person Centered Housing Options Rochester, NY | $1,060,718 | $6,884,446 |
Marillac Residence Inc Wellesley, MA | $7,075,004 | $6,383,688 |
Upper Valley Haven Inc White River Junction, VT | $10,418,624 | $6,830,659 |