2024-05-20T07:51:02-05:00 2023-09-30 271895149 Heveron & Company CPAs PLLC 260 Plymouth Avenue South Rochester NY 14608 990 2022-10-01 464871866 PathStone Foundation PATH 5853403368 400 East Ave Rochester NY 14607 Ruperto Montero Chief Financial Officer 5853403368 2024-05-16 1 Ruperto Montero XXX-XX-XXXX 1 Stephanie Annunziata P00195472 5852322956 2024-05-16 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z Ruperto Montero 400 East Ave Rochester NY 14607 546070 0 X pathstone.foundation X 2014 NY To support the activities and mission of PathStone Corporation 8 8 0 30 0 0 1224860 536537 0 0 4372 0 -71772 -21127 1157460 515410 888663 84000 0 0 0 0 0 0 171850 297517 318481 1186180 402481 -28720 112929 711925 917314 118659 186714 593266 730600 The mission of PathStone Foundation is to raise funds to support the activities and mission of PathStone Corporation, a visionary, diverse organization empowering individuals, families and communities to attain economic and social resources for building better lives. 0 0 84000 84000 PathStone Foundation operates to raise funds to support the activities and mission of PathStone Corporation, a visionary, diverse organization empowering individuals, families and communities to attain economic and social resources for building better lives. 84000 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 1 0 0 0 0 0 0 1 0 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 0 0 0 1 1 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NY VA X X The Organization 5853403368 400 East Ave Rochester NY 14607 Fernando Santiago Chair/Director 0.10 X X 0 0 0 Alex Castro Director, Ex Officio 0.10 40.00 X 0 243302 13494 Margaret A Sanchez Vice-Chair/Director 0.10 X X 0 0 0 Clayton Osborne Director 0.10 X 0 0 0 Adam Smith Director 0.10 X 0 0 0 Fabricio Morales Director 0.10 X 0 0 0 Jennifer Townsend Director 0.10 X 0 0 0 Alex Robinson Director 0.10 X 0 0 0 Shaun Hakiel Director 0.10 X 0 0 0 Ruperto Montero Treasurer and CFO 2.00 40.00 X 0 209888 12063 Isha Torres Executive Director (starting 04/2023) 40.00 X 0 0 0 Stuart Mitchell Executive Director (through 04/2023) 40.00 X 0 190070 468 Les Kernan Secretary 0.10 40.00 X 0 191447 5743 0 834707 31768 0 0 1 0 0 245041 291496 536537 0 245041 30660 -30660 -30660 Other Income 900099 9533 9533 9533 515410 9533 0 -30660 X 84000 84000 235286 102492 132794 20371 12245 8126 239 239 17902 6071 11831 Indirect Costs 12773 12773 Equipment 1520 1520 30390 11291 19099 402481 84000 146631 171850 538139 649352 173786 267962 711925 917314 1742 2893 116917 183821 118659 186714 X 593266 730600 593266 730600 711925 917314 112929 24405 0 X 0 1 X 1 0 X X 1 PathStone Corporation 160984913 10 1 84000 0 1 84000 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 Due to Affiliates 183821 183821 564184 24405 24405 539779 -24369 -24369 515410 426850 24369 24369 402481 0 402481 Part XI, Line 4b - Other Adjustments: Direct Fundraising Costs -24,369. Part XII, Line 2d - Other Adjustments: Direct Fundraising Costs 24,369. Panel Discussion 177402 177402 11582 7771 Cycling Event 67639 67639 335 10972 245041 245041 335 11582 18743 30660 -30660 1 PathStone Corporation Inc 400 East Avenue Rochester NY 14607 160984913 501(c)3 84000 0 Program Support 1 Part I, Line 2: PathStone Corporation, the recipient of the grant, is a related organization to PathStone Foundation. The members of the PathStone Foundation board are appointed by the members of the PathStone Corporation board. Additionally, the President and CEO of PathStone Corporation is a member of the PathStone Foundation board. Any use of the grant by PathStone Corporation would be closely monitored by PathStone Foundation through the board members. 0 0 0 0 0 0 0 0 0 Alex Castro Director, Ex Officio 0 243302 0 0 0 0 0 7299 0 6195 0 256796 0 0 Ruperto Montero Treasurer and CFO 0 209888 0 0 0 0 0 6297 0 5766 0 221951 0 0 Les Kernan Secretary 0 191447 0 0 0 0 0 5743 0 0 0 197190 0 0 Stuart Mitchell Executive Director (through 04/2023) 0 190070 0 0 0 0 0 468 0 0 0 190538 0 0 Part I, Line 3 PathStone Foundation does not have any direct compensation expense since all employees are officially employed by the parent company, PathStone Corporation. The wages and benefits of all top management employees are determined by the personnel committee of the parent company as part of its ongoing wage comparative studies and benefit budgeting process. The process includes independent review, comparability data, and deliberation by a compensation committee. Form 990, Part VI, Section A, line 6 PathStone Corporation is the sole member of the organization. Form 990, Part VI, Section A, line 7a The directors of the Foundation shall be elected at each annual meeting of the PathStone Board. The term of office of each director shall be one year from the date of election by the PathStone Board. Form 990, Part VI, Section A, line 8b There are no other committees with authority to act on behalf of the governing body. Form 990, Part VI, Section B, line 11b A complete copy of the 990 will be provided to the governing body for review prior to being filed. Form 990, Part VI, Section B, line 12c During the new board member orientation, the policy is fully explained by the President and attorney. The board member understands that it is important to follow the policy at all times during his or her term on the board. It is made clear that if any conflict arises, that the policy is in effect and should be followed. This is also re-emphasized annually when the policy is signed on a yearly basis. In addition to the Conflict of Interest Policy, the organization's parent company, PathStone Corporation, has a questionnaire that all employees must fill out annually to determine whether they have a real or potential conflict of interest. If any potential conflicts are learned about through this or any other method, they are reviewed by the Executive Staff member for that division, and ultimately by the President/CEO. The CEO has the ultimate responsibility for determining whether or not a conflict exists and he or she, in conjunction with the Senior Vice President for Human Resources of PathStone and the Executive Staff member for that employee's division, will determine the course of action necessary. Form 990, Part VI, Section B, line 15 PathStone Foundation does not have any direct compensation expense since all employees are officially employed by the parent company, PathStone Corporation. The wages and benefits of all top management employees are determined by the personnel committee of the parent company as part of its ongoing wage comparative studies and benefit budgeting process. The process includes independent review, comparability data, and deliberation by a compensation committee. Form 990, Part VI, Section C, line 19 The organization makes its governing documents available upon request. Form 990, Part IX, line 11g Consultants: Program service expenses 0. Management and general expenses 0. Fundraising expenses 132,794. Total expenses 132,794. Management Salaries: Program service expenses 0. Management and general expenses 102,492. Fundraising expenses 0. Total expenses 102,492. Alloway Housing Development Fund Corporation 400 East Avenue Rochester NY 14607 203574586 Affordable Housing NY 501(c)(3) Line 12a, I PathStone Development Corp 0 Housing Opportunities Housing Development Fund Corporation 400 East Avenue Rochester NY 14607 161386456 Affordable Housing NY 501(c)(3) Line 12a, I PathStone Development Corp 0 PathStone Corporation 400 East Avenue Rochester NY 14607 160984913 Education, Training, Childhood Education, etc NY 501(c)(3) Line 9 N/A 0 PathStone Development Corporation 7 Prince Street Rochester NY 14607 161265765 Affordable Housing NY 501(c)(3) Line 12a, I PathStone Corporation 0 PathStone Housing Action Corporation 400 East Avenue Rochester NY 14607 161183242 Affordable Housing NY 501(c)(3) Line 10 PathStone Corporation 0 The Housing Council at PathStone 75 College Avenue Rochester NY 14607 160991179 Home Ownership NY 501(c)(3) Line 12a, I PathStone Corporation 0 Wilson Commencement Park 251 Joseph Ave Rochester NY 14605 222667299 Transitional Housing NY 501(c)(3) Line 10 PathStone Corporation 0 Wilson Commencement Park HDFC 400 East Avenue Rochester NY 14607 223080471 Transitional Housing NY 501(c)(3) Line 10 Wilson Commencement Park 0 Ada Ridge Partners II LLC 400 East Avenue Rochester NY 14607 262373989 Affordable Housing NY N/A N/A 0 0 Ada Ridge Partners LP 400 East Avenue Rochester NY 14607 161592991 Affordable Housing NY N/A N/A 0 0 Albion Senior Living LLC 400 East Avenue Rochester NY 14607 260345950 Affordable Housing NY N/A N/A 0 0 Alturas de Castaner LP 400 East Avenue Rochester NY 14607 203947099 Affordable Housing NY N/A N/A 0 0 Andrews Terrace LLC 400 East Avenue Rochester NY 14607 203199493 Affordable Housing NY N/A N/A 0 0 Anthony Square LP 7 Prince Street Rochester NY 14607 161589159 Affordable Housing NY N/A N/A 0 0 April Meadows LP 400 East Avenue Rochester NY 14607 166498924 Affordable Housing NY N/A N/A 0 0 Beechwood Apartments LLC 400 East Avenue Rochester NY 14607 273685642 Affordable Housing NY N/A N/A 0 0 Bradmar Village LLC 400 East Avenue Rochester NY 14607 272288636 Affordable Housing NY N/A N/A 0 0 Breckenridge on Seneca LLC 7 Prince Street Rochester NY 14607 300730121 Affordable Housing NY N/A N/A 0 0 Briarwood Place LP 400 East Avenue Rochester NY 14607 161544146 Affordable Housing NY N/A N/A 0 0 Brower Road LLC 400 East Avenue Rochester NY 14607 030485949 Affordable Housing NY N/A N/A 0 0 Canal Place LP 7 Prince Street Rochester NY 14607 752975899 Affordable Housing NY N/A N/A 0 0 Canal View Senior Housing LLC 400 East Avenue Rochester NY 14607 204440054 Affordable Housing NY N/A N/A 0 0 Castle Street Associates LP 400 East Avenue Rochester NY 14607 161311570 Affordable Housing NY N/A N/A 0 0 Cedar Creek Housing LLC 400 East Avenue Rochester NY 14607 900347268 Affordable Housing NY N/A N/A 0 0 Central Place LP 7 Prince Street Rochester NY 14607 161520376 Affordable Housing NY N/A N/A 0 0 Clarkson-Seldon Square Partners LP 400 East Avenue Rochester NY 14607 223607775 Affordable Housing NY N/A N/A 0 0 Clayton Heights LP 7 Prince Street Rochester NY 14607 412124095 Affordable Housing NY N/A N/A 0 0 Clifton Commons Associates LP 400 East Avenue Rochester NY 14607 161386724 Affordable Housing NY N/A N/A 0 0 Creekside Clearing LP 7 Prince Street Rochester NY 14607 050607089 Affordable Housing NY N/A N/A 0 0 Crerand Commons LLC 400 East Avenue Rochester NY 14607 811064094 Affordable Housing NY N/A N/A 0 0 Destiny at WCP LP 400 East Avenue Rochester NY 14607 562623875 General Housing NY N/A N/A 0 0 Eastman Reserve LLC 400 East Avenue Rochester NY 14607 824590505 Affordable Housing NY N/A N/A 0 0 Elliott's Landing LP 7 Prince Street Rochester NY 14607 204754791 Affordable Housing NY N/A N/A 0 0 Elmgrove Place LP 7 Prince Street Rochester NY 14607 061716252 Affordable Housing NE N/A N/A 0 0 Fullerton Lofts LP 400 East Avenue Rochester NY 14607 475278308 Affordable Housing NY N/A N/A 0 0 Gettysburg Scattered Sites Associates 400 East Avenue Rochester NY 14607 251645782 Affordable Housing NY N/A N/A 0 0 Hale Court LP 7 Prince Street Rochester NY 14607 204754992 Affordable Housing NY N/A N/A 0 0 Heritage Meadows Partners LP 400 East Avenue Rochester NY 14607 161537986 Affordable Housing NY N/A N/A 0 0 Highland Meadows Partners LLC 400 East Avenue Rochester NY 14607 134220309 Affordable Housing NY N/A N/A 0 0 Lander Street Partners II LP 400 East Avenue Rochester NY 14607 061473326 Affordable Housing NY N/A N/A 0 0 Lander Street Partners III LLC 400 East Avenue Rochester NY 14607 562523429 Affordable Housing NY N/A N/A 0 0 Lander Street Partners LP 400 East Avenue Rochester NY 14607 061445495 Affordable Housing NY N/A N/A 0 0 Lehigh Managing Member LLC 400 East Avenue Rochester NY 14607 270212774 Affordable Housing NY N/A N/A 0 0 LivMoor Portfolio LLC 400 East Avenue Rochester NY 14607 863274133 Affordable Housing NY N/A N/A 0 0 Long Pond Senior Apartments LLC 400 East Avenue Rochester NY 14607 471416559 Affordable Housing NY N/A N/A 0 0 Macartovin Apartments LLC 400 East Avenue Rochester NY 14607 823579645 Affordable Housing NY N/A N/A 0 0 Marketview Housing LP 7 Prince Street Rochester NY 14607 161435368 Affordable Housing NY N/A N/A 0 0 Marketview Phase II LP 7 Prince Street Rochester NY 14607 161458119 Affordable Housing NY N/A N/A 0 0 MJ Estates II LLC 7 Prince Street Rochester NY 14607 271006415 Affordable Housing NY N/A N/A 0 0 MJ Estates LP 7 Prince Street Rochester NY 14607 208685429 Affordable Housing NY N/A N/A 0 0 Monica Homes LLC 7 Prince Street Rochester NY 14607 611592249 Affordable Housing NY N/A N/A 0 0 Niagara Place LP 7 Prince Street Rochester NY 14607 161478044 Affordable Housing NY N/A N/A 0 0 Ontario Place LP 7 Prince Street Rochester NY 14607 752975886 Affordable Housing NY N/A N/A 0 0 Oxford Crossing Apartments 400 East Avenue Rochester NY 14607 464704700 Affordable Housing NY N/A N/A 0 0 PABH Development LLC 400 East Avenue Rochester NY 14607 463601271 Affordable Housing NY N/A N/A 0 0 PathStone Wedgepoint LLC 400 East Avenue Rochester NY 14607 472752876 Affordable Housing NY N/A N/A 0 0 Pinnacle Apartments LLC 7 Prince Street Rochester NY 14607 455425869 Affordable Housing NY N/A N/A 0 0 Portal De San German LLC 400 East Avenue Rochester NY 14607 270380502 Affordable Housing NY N/A N/A 0 0 Rexford Place LP 7 Prince Street Rochester NY 14607 202201905 Affordable Housing NY N/A N/A 0 0 Sandy Creek Associates LP 400 East Avenue Rochester NY 14607 161351950 Affordable Housing NY N/A N/A 0 0 Seldon Square II LLC 400 East Avenue Rochester NY 14607 352182907 Affordable Housing NY N/A N/A 0 0 Sisson Reserve II LLC 400 East Avenue Rochester NY 14607 383911384 Affordable Housing NY N/A N/A 0 0 Sisson Reserve LLC 400 East Avenue Rochester NY 14607 352430293 Affordable Housing NY N/A N/A 0 0 SLM Apartments LLC 7 Prince Street Rochester NY 14607 844394993 Affordable Housing NY N/A N/A 0 0 Stone Quarry Apartments LLC 7 Prince Street Rochester NY 14607 471372693 Affordable Housing NY N/A N/A 0 0 Stonewood Village LLC 400 East Avenue Rochester NY 14607 264557007 Affordable Housing NY N/A N/A 0 0 Susan B Anthony LP 7 Prince Street Rochester NY 14607 043812069 Affordable Housing NY N/A N/A 0 0 Thompson Building Associates LP 400 East Avenue Rochester NY 14607 161421270 Affordable Housing NY N/A N/A 0 0 Towpath III LP 400 East Avenue Rochester NY 14607 453566045 Affordable Housing NY N/A N/A 0 0 Washington Park Associates LP 400 East Avenue Rochester NY 14607 161299635 Affordable Housing NY N/A N/A 0 0 Westminister Place LP 7 Prince Street Rochester NY 14607 161476222 Affordable Housing NY N/A N/A 0 0 Woodward LP 7 Prince Street Rochester NY 14607 161489242 Affordable Housing NY N/A N/A 0 0 Baird Road Development LLC 7 Prince Street Rochester NY 14607 884130964 Affordable Housing NY N/A N/A 0 0 Alliance Homes II Corp 400 East Avenue Rochester NY 14607 562397228 General Partner in L.P. Transactions NY N/A C 0 Crerand Commons MM Corporation 400 East Avenue Rochester NY 14607 811075426 General Partner in L.P. Transactions NY N/A C 0 Destiny at Wilson Commencement Park 400 East Avenue Rochester NY 14607 421716001 General Partner in L.P. Transactions NY N/A C 0 Eastman Reserve MM Corporation 400 East Avenue Rochester NY 14607 824633121 General Partner in L.P. Transactions NY N/A C 0 Jamestown Managing Member LLC 400 East Avenue Rochester NY 14607 272288510 General Partner in L.P. Transactions NY N/A C 0 Marketview Housing Inc 400 East Avenue Rochester NY 14607 161435367 General Partner in L.P. Transactions NY N/A C 0 PathStone Breckenridge Inc 400 East Avenue Rochester NY 14607 454541829 General Partner in L.P. Transactions NY N/A C 0 PathStone Long Pond Inc 400 East Avenue Rochester NY 14607 471383101 General Partner in L.P. Transactions NY N/A C 0 PathStone Stone Quarry Inc 400 East Avenue Rochester NY 14607 471215361 General Partner in L.P. Transactions NY N/A C 0 PathStone Wedgepoint MM Corporation 400 East Avenue Rochester NY 14607 472778399 General Partner in L.P. Transactions NY N/A C 0 PathStone Whitehall Acres LLC 400 East Avenue Rochester NY 14607 471684629 General Partner in L.P. Transactions NY N/A C 0 PDC Towpath Corporation 400 East Avenue Rochester NY 14607 453667522 General Partner in L.P. Transactions NY N/A C 0 PHEDCO Investments Inc 400 East Avenue Rochester NY 14607 251663084 General Partner in L.P. Transactions NY N/A C 0 Pinnacle Managing Member LLC 400 East Avenue Rochester NY 14607 455430014 General Partner in L.P. Transactions NY N/A C 0 RHAC Development Corporation 400 East Avenue Rochester NY 14607 161262619 General Partner in L.P. Transactions NY N/A C 0 RHOC Crossman Inc 400 East Avenue Rochester NY 14607 270017600 General Partner in L.P. Transactions NY N/A C 0 Rural Housing Opportunities Development Corp 400 East Avenue Rochester NY 14607 050575748 General Partner in L.P. Transactions NY N/A C 0 Salem Senior Housing Corp 400 East Avenue Rochester NY 14607 383711377 General Partner in L.P. Transactions NY N/A C 0 Sisson Reserve MM II LLC 400 East Avenue Rochester NY 14607 463135735 General Partner in L.P. Transactions NY N/A C 0 Sisson Reserve MM LLC 400 East Avenue Rochester NY 14607 364717781 General Partner in L.P. Transactions NY N/A C 0 Sisson Sewage Works Corporation 400 East Avenue Rochester NY 14607 472245715 General Partner in L.P. Transactions NY N/A C 0 Slater Neighborhood Inc 400 East Avenue Rochester NY 14607 271006036 General Partner in L.P. Transactions NY N/A C 0 Baird Road MM LLC 7 Prince Street Rochester NY 14607 920603632 General Partner in L.P. Transactions NY N/A C 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 1 1 0 0 0