Pathstone Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $22.7 million
- Spending
- $23.5 million
- Spent on programs
- 87%
- Reserves
- 38.1 months of spending
- Largest source of income
- government grants, 72%
- Employees
- 0
- Volunteers
- 11
- Highest pay
- $301,259, senior vice president
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 89 out of 100. Higher than 84% of charities in its peer group (housing, $10m to $100m).
Reserves
35 of 35Spendable reserves would cover 38.1 months of spending.
Debt
16 of 20It owes 26% of what it owns.
Living within its means
8 of 15Spending exceeded income by 3% of income.
Income trend
15 of 15Income rose 1% on the year before.
Spending floor
15 of 1587% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 95 out of 100. Higher than 35% of charities in its peer group (housing, $10m to $100m).
Independent board
25 of 2511 of 11 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (7)
- $9.6 million spent. 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.
- $2.3 million spent. 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.
- $3.1 million spent. 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.
- $2.2 million spent. 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.
- $119,262 spent. 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.
- $1.9 million spent. 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.
- $1.2 million spent. 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.
Source: Form 990 for the year ending September 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Worth knowing.
Not individually listed by the IRS as eligible, which is usual for local chapters covered by a parent organization's exemption. The master file records contributions to it as deductible.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending September 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since September 1982.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.