2024-11-14T16:44:48-08:00 2023-12-31 461594234 Boggeln & Company Inc 215 1/2 Main Street Huntington Beach CA 92648 990 2023-01-01 201892523 PATH VENTURES PATH 3236711300 340 N MADISON LOS ANGELES CA 90004 SANDY OLUWEK CFO 2024-11-14 true true CHERI L BOGGELN P00854324 7143747434 2023 2024-10-15 13:58:12Z 340 N MADISON LOS ANGELES CA 90004 11020916 false X https://epath.org/path-ventures/ X 2022 CA TO IMPROVE INDIVIDUAL LIVES AND COMMUNITIES BY INCREASING QUALITY AFFORDABLE HOUSING. 12 12 17 12 0 1620622 5009987 5492768 5569799 97682 -1805235 -68037 -124636 7143035 8649915 0 0 1531167 2503308 0 36994 1501324 3282781 3032491 5786089 4110544 2863826 70954460 89891977 44979514 62206083 25974946 27685894 THE ORGANIZATION'S PURPOSE IS TO DEVELOP AFFORDABLE HOUSING, PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT, AND ENCOURAGE NEIGHBORHOOD REVITALIZATION FOR LOW INCOME FAMILIES AND INDIVIDUALS. false false 4747292 5569799 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. 4747292 true true false false false false false false false false true false true true true true false true false false false false false false true false false false false true false false false false false false false false false false false false true true false false false true 27 0 true 17 true false false false false false true true false 0 false false false false false false false X 12 12 false false false false false false false true true false false false true true true true true true true true true CA X X SANDY OLUWEK 3236442208 340 N MADISON LOS ANGELES CA 90004 JENNIFER HARK-DIEtZ President 4.00 40.00 X 0 378431 45271 JOEL ROBERTS CEO 40.00 0.00 X 346509 0 36759 SARAH KOLISH COO 4.00 40.00 X 48424 191580 46541 SANDY OLUWEK CFO 4.00 40.00 X 69690 163694 33110 ANTHONY BAHAMONDES SR DIR OF HSG 40.00 0.00 X 190391 0 25466 LILIAN NAJARRO sr dir of finance 40.00 0.00 146669 0 24304 SHIHENG GUAN PROJECT MANAGER 40.00 0.00 114377 0 10126 MICHAEL BUSSE PROJECT DIRECTOR 40.00 0.00 110915 0 12616 CYNTHIA WONG PROJECT DIRECTOR 40.00 0.00 110758 0 12535 MICHAEL LANZA PROJECT DIRECTOR 40.00 0.00 106378 0 13192 BRIAN TUCKER VICE CHAIR 1.00 1.00 X X 0 0 0 EILEEN DARDICK Secretary 1.00 1.00 X X 0 0 0 SHANE GOLDSMITH CHAIR 1.00 1.00 X X 0 0 0 KAREN KURTZMAN Treasurer 1.00 1.00 X X 0 0 0 JANE BLUMENFELD RECORDING SEC 1.00 1.00 X X 0 0 0 PERLA ESTON BOARD MEMBER 1.00 0.00 X 0 0 0 MARY KAISER BOARD MEMBER 1.00 0.00 X 0 0 0 LESLIE LAMBERT BOARD MEMBER 1.00 0.00 X 0 0 0 ELLEN NAGLER BOARD MEMBER 1.00 0.00 X 0 0 0 ANNICK HAMON BOARD MEMBER 1.00 0.00 X 0 0 0 Sandeep Patel BOARD MEMBER 1.00 0.00 X 0 0 0 Clair Orr FOUNDER 1.00 1.00 X 0 0 0 1244111 733705 259920 7 false true false MATT HUERTA CONSULTING LLC 1522 CONSTITUTION BLVD SUITE 422 salinas CA 93905 sr project manager serv 158604 michael miller dba bold capital llc 2625 whitney dr alhambra CA 91803 consulting finance serv 137500 MAX DEVELOPMENT LLC DBA THREE6IXTY 11287 WASHINGTON BLVD CULVER CITY CA 90230 DEV AND ACQU SVCS 111160 3 139309 4002221 868457 5009987 DEVELOPER FEE INCOME 531390 2916044 2916044 PARTNERSHIP Mgmt FEe 531390 199450 199450 RENTAL INCOME 531110 899007 899007 SECTION 754 DEPRECIATION 531390 231688 231688 SPONSOR FEE INCOME 531390 1200000 1200000 123610 123610 5569799 312530 312530 0 0 0 125000 2242765 -2117765 -2117765 -2117765 3600 139309 128236 -124636 0 0 0 8649915 5569799 -1805235 0 0 0 0 723145 593477 129668 0 1449752 1317607 132145 0 186098 157142 28956 144313 121858 22455 1039913 829313 210600 1098 1098 210629 28873 181756 0 0 0 558328 495897 25437 36994 0 9759 9759 0 0 110400 22080 88320 19485 19485 0 0 136651 136651 0 0 57600 28800 28800 RENTAL EXPENSE FROM K-1 1076412 1076412 EDUCATION/SEMINARS 24359 23872 487 DEVELOPER FEE EXPENSES 14513 14513 miscellaneous expense 10530 10530 13104 6335 6769 5786089 4747292 1001803 36994 5204752 3827450 0 0 8484282 8709419 0 0 9075443 9029695 0 28470 26953 48584545 7215 35366499 48577330 0 0 3250875 4722345 296589 0 9247550 14998785 70954460 89891977 314950 1459744 43927143 60488731 661017 237557 76404 20051 44979514 62206083 X 23898505 26423649 2076441 1262245 25974946 27685894 70954460 89891977 X 2863826 -1152878 X X false true X true false X 806499 6331571 4702985 1620622 5009987 18471664 0 0 806499 6331571 4702985 1620622 5009987 18471664 1371251 17100413 33479 12539 9560 97682 312530 465790 0 0 18937454 21786713 0.90300 0.86760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 39102025 39102025 9456710 9456710 25810 7215 18595 48577330 4722345 CONSTRUCTION IN PROCESS 12797497 DUE FROM AFFILIATES 2201288 14998785 DUE TO AFFILATES 12006 TENANT SECURITY DEPOSITS 8045 20051 X Part X : FIN48 Footnote PART X, LINE 2:THE ORGANIZATION RECOGNIZES THE IMPACT OF TAX POSITIONS IN THE FINANCIAL STATEMENTS IF THAT POSITION IS MORE LIKELY THAN NOT OF BEING SUSTAINED ON AUDIT, BASED ON TECHNICAL MERITS OF THE POSITION. TO DATE, THE ORGANIZATION HAS NOT RECORDED ANY UNCERTAIN TAX POSITIONS. THE ORGANIZATION RECOGNIZES POTENTIAL ACCRUED INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. DURING THE YEAR ENDED DECEMBER 31, 2023, THE ORGANIZATION DID NOT RECOGNIZE ANY AMOUNT IN POTENTIAL AND PENALTIES ASSOCIATED WITH UNCERTAIN TAX POSITION. false Jazz night 142909 139309 3600 3650 37382 12400 74804 142909 139309 3600 3650 37382 12400 74804 128236 -124636 X X false false false false false false false false false ANTHONY BAHAMONDES SR DIR OF HSG 190391 25466 215857 JENNIFER HARK-DIEtZ President 378431 45271 423702 JOEL ROBERTS CEO 346509 36759 383268 LILIAN NAJARRO sr dir of finance 146669 24304 170973 SANDY OLUWEK CFO 69690 163694 3485 29625 73175 193319 SARAH KOLISH COO 48424 191580 2421 44120 50845 235700 Form 990, Part VI, Section B, Line 11b THE BOARD OF DIRECTORS HAVE ASSIGNED THE AUDIT COMMITTEE THE RESPONSIBILITY OF REVIEWING THE FORM 990 BEFORE SUBMISSION. THE CHAIR OF THE AUDIT COMMITTEE WAS PROVIDED WITH A COPY OF THE FORM 990 PRIOR TO SUBMISSION. Form 990, Part VI, Section B, Line 12c ORGANIZATION PRESENTS THE CONFLICT OF INTEREST POLICY TO EMPLOYEES UPON HIRE. EMPLOYEES CERTIFY TO THE POLICY AT THAT TIME. BOARD MEMBERS ANNUALLY CERTIFY IN WRITING AS TO THEIR UNDERSTANDING OF THE CONFLICT OF INTEREST POLICY. Form 990, Part VI, Section B, Line 15a THE PROCESS FOR DETERMINING COMPENSATION INCLUDES A REVIEW AND APPROVAL BY THE BOARD OF DIRECTORS FOR CEO COMPENSATION. THE EXECUTIVE DIRECTOR'S AND EXECUTIVE TEAM'S SALARIES ARE DETERMINED BY THE CEO. Form 990, Part VI, Section C, Line 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. Form 990, Part XI, Line 9 GAAP/TAX DIFF FROM K-1 = -$1152878 Form 990, Part XII, Line 2c THE ORGANIZATION HAS A COMMITTEE THAT ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT. 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