Path Ventures
- Assets
- $64.6m
- Revenue
- $15.2m
- Investments
- $0.0
- Employees
- 19
- Location
- Los Angeles, CA
- Founding
- 06/2007
- Data as of
- 12/2021
- EIN
- 20-1892523
Organization Overview
Path Ventures is located in Los Angeles, CA. The organization was established in 2007. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Path Ventures employed 19 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Path Ventures 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 12/2021, Path Ventures generated $15.2m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 30.1% each year . All expenses for the organization totaled $3.6m during the year ending 12/2021. While expenses have increased by 4.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE INDIVIDUAL LIVES AND COMMUNITIES BY INCREASING QUALITY AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
THE ORGANIZATION BUILDS AFFORDABLE HOUSING AND PERMANENT SUPPORTIVE HOUSING FOR HOMELESS AND LOW IINCOME INDIVIDUALS AND FAMILIES. WHAT DISTINGUISHES THE ORGANIZATION IS ITS APPROACH TO CREATING HOUSING THAT SERVES THE SPEFIC NEEDS TO THE HOMELESS POPULATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Ernesto Espinoza Deputy Exe Dir | Officer | 40 | $168,011 |
Abbas Azara Hsg Dir Of So Cal | 40 | $142,512 | |
Lilian Najarro Sr Dir Of Finan | Officer | 40 | $127,938 |
Anthony Bahamondes Sr Dir Of Hsg | Officer | 40 | $74,252 |
Jennifer Hark-Diez Deputy CEO | Officer | 4 | $58,924 |
Lois Starr Acting Exe Dir | Officer | 20 | $55,879 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ltd Construction Services Construction | 12/30/21 | $201,263 |
Kfa Llp Architecture | 12/30/21 | $143,051 |
Holthouse Carling & Van Trigt Llp Consulting/accounting | 12/30/21 | $152,972 |
Holthouse Carling & Van Trigt Llp Consulting/accounting | 12/30/21 | $152,972 |
Matt Huerta Consulting Llc Consulting | 12/30/21 | $173,276 |
Ltd Construction Services Construction | 12/30/21 | $201,263 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $85,629 |
| Related organizations | $0 |
| Government grants | $2,520,203 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,095,203 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,701,035 |
| Total Program Service Revenue | $6,000,989 |
| Investment income | $9,560 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $4,531,304 |
| Net Income from Fundraising Events | -$32,147 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $15,210,741 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $620,336 |
| Compensation of current officers, directors, key employees. | $118,782 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $678,145 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $52,160 |
| Payroll taxes | $98,530 |
| Fees for services: Management | $937,600 |
| Fees for services: Legal | $2,499 |
| Fees for services: Accounting | $92,645 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $308,401 |
| Advertising and promotion | $0 |
| Office expenses | $4,696 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $110,400 |
| Travel | $7,996 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,638 |
| Interest | $42,173 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,053 |
| Insurance | $65,130 |
| All other expenses | $1,193 |
| Total functional expenses | $3,597,565 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $2,822,514 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $7,784,963 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $10,038,195 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,470 |
| Net Land, buildings, and equipment | $35,367,969 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $3,199,471 |
| Intangible assets | $407,830 |
| Other assets | $4,961,655 |
| Total assets | $64,611,067 |
| Accounts payable and accrued expenses | $249,464 |
| Grants payable | $0 |
| Deferred revenue | $747,382 |
| 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 | $41,137,843 |
| Unsecured mortgages and notes payable | $303,814 |
| Other liabilities | $266,573 |
| Total liabilities | $42,705,076 |
| Net assets without donor restrictions | $21,905,991 |
| Net assets with donor restrictions | $0 |
| 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 | $64,611,067 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Path Ventures has recieved totaling $2,580.
| Awarding Organization | Amount |
|---|---|
Olimpia Foundation Los Angeles, CA PURPOSE: CHARITABLE | $2,500 |
Gannett Foundations Inc Mclean, VA PURPOSE: CHARITABLE PURPOSE | $80 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |