2026-08-10T10:25:37-05:00 2025-09-30 271895149 Heveron & Company CPAs PLLC 260 Plymouth Avenue South Rochester NY 14608 990 2024-10-01 161386456 Housing Opportunities Housing Development Fund Corporation HOUS 5855466340 400 East Ave Rochester NY 14607 Ruperto Montero CFO 5855466340 2026-08-10 1 1 Stephanie Annunziata P00195472 5852322956 2026-07-16 2024 2025-03-06 01:10:19Z Ruperto Montero 400 East Ave Rochester NY 14607 366668 0 X N/A X 1992 NY Developing, maintaining, and operating affordable housing for low/very low income individuals. 1 0 0 6 0 0 0 0 274785 332702 17 17 73 33949 274875 366668 0 0 0 0 0 0 0 0 0 545675 515587 545675 515587 -270800 -148919 1428190 1388358 3093843 3202930 -1665653 -1814572 Developing, maintaining, and operating affordable housing for persons of low income. 0 0 474975 366651 The sole program of Housing Opportunities Housing Development Fund Corporation is to maintain affordable housing for low and very low income individuals within the greater Rochester, New York area. 474975 1 0 0 0 0 0 0 0 1 0 1 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 1 0 0 1 0 0 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 0 0 NY X X The Organization 5855466340 400 East Ave Rochester NY 14607 X Alexander D Castro Vice President 0.10 41.90 X X 0 283714 17545 Christina Brooks Vice President 0.10 40.10 X 0 156319 26695 Jason Sackett President 0.10 40.30 X 0 153712 3038 Kathryn Bryan Vice President 0.10 40.60 X 0 177457 15976 Ruperto Montero Vice President and Treasurer 0.10 42.50 X 0 243827 16391 Leslie W Kernan Jr Secretary 0.10 40.40 X 0 221743 6660 0 1236772 86305 0 0 1 0 0 Rental Income 531110 332702 332702 332702 17 17 Forgiveness of Debt 900099 30720 30720 Other Income 900099 3229 3229 33949 366668 366651 0 17 X 20404 20404 7150 7150 7790 7790 82725 82725 8037 2256 5781 188204 188204 3926 3926 14257 14257 93225 93225 65612 65612 Bad Debt Expense 19891 19891 4366 4366 515587 474975 40612 0 18035 59256 172659 180670 13954 6617 40016 37171 2802607 1847946 1035102 954661 139010 139010 9414 10973 1428190 1388358 213124 194531 5178 1328 9174 10973 2193713 2193713 672654 802385 3093843 3202930 X -1665653 -1814572 -1665653 -1814572 1428190 1388358 -148919 0 X 0 1 X 1 0 X X 1 PathStone Corporation Inc 160984913 10 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 Part IV, Section A, Line 1: PathStone Corporation is not listed in the organizational documents. The organization was formed as an affiliate of PathStone Development Corporation. PathStone Development Corporation affiliated with PathStone Corporation years ago. At that time the activities of PathStone Development Corporation and its affiliate, Housing Opportunities Housing Development Fund Corporation, were streamlined to support PathStone Corporation's mission through affordable housing activities. The organizations share facilities, management and overhead. This relationship is expected to continue indefinitely. Part I, Line 12g, Column iv: PathStone Corporation is not listed in the organizational documents. The organization was formed as an affiliate of PathStone Development Corporation. PathStone Development Corporation affiliated with PathStone Corporation years ago. At that time the activities of PathStone Development Corporation and its affiliate, Housing Opportunities Housing Development Fund Corporation, were streamlined to support PathStone Corporation's mission through affordable housing activities. The organizations share facilities, management and overhead. This relationship is expected to continue indefinitely. 0 1 X 2041 2041 2799947 1847327 952620 619 619 0 954661 Investment in Subsidiaries 139010 C 139010 Notes payable to related parties 141209 Due to Affiliate 661176 802385 366668 0 366668 0 366668 515587 0 515587 0 515587 Part IV, Line 2b: The escrow represents deposits held for the Organization's tenants. 0 0 0 0 0 0 0 0 0 Alexander D Castro Vice President 0 283714 0 0 0 0 0 8628 0 8917 0 301259 0 0 Ruperto Montero Vice President and Treasurer 0 243827 0 0 0 0 0 7977 0 8414 0 260218 0 0 Leslie W Kernan Jr Secretary 0 221743 0 0 0 0 0 6652 0 8 0 228403 0 0 Kathryn Bryan Vice President 0 177457 0 0 0 0 0 5745 0 10231 0 193433 0 0 Christina Brooks Vice President 0 156319 0 0 0 0 0 4690 0 22005 0 183014 0 0 Jason Sackett President 0 153712 0 0 0 0 0 3026 0 12 0 156750 0 0 Part I, Line 3 The wages and benefits of all top management employees are determined by the personnel committee of PathStone Corporation, the related organization, 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 3 The Organization is managed by PathStone Development Corporation, a related organization. Form 990, Part VI, Section A, line 6 PathStone Development Corporation, a related tax-exempt organization and member of the Organization, has the right to elect members of the governing body. Form 990, Part VI, Section A, line 7a Directors are appointed by PathStone Development Corporation, a related organization. Form 990, Part VI, Section A, line 7b The dissolution of the Organization must be approved by the board of directors of PathStone Development Corporation, a related organization. Form 990, Part VI, Section A, line 8b There are no other committees besides the full board. Form 990, Part VI, Section B, line 11b A draft copy of the return was distributed to the members of the board for comments before filing. 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 board members 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 Board of Directors of Housing Opportunities Housing Development Fund Corporation, and ultimately by the President/CEO of PathStone Corporation. The CEO of PathStone Corporation has the ultimate responsibility for determining whether or not a conflict exists and he, in conjunction with PathStone Corporation's Senior Vice President for Human Resources and the Chairman of the Board of Housing Opportunities Housing Development Fund Corporation for that employee's division, will determine the course of action necessary. PathStone Corporation, the parent company, also has an Asset Management Committee which must review any purchases or contracts that are more than $5,000. Any potential conflicts are taken into consideration before approving these purchases and contracts. Form 990, Part VI, Section B, line 15 While Housing Opportunities Housing Development Fund Corporation does not have any direct compensation expense, the wages and benefits of all top management employees of PathStone Corporation are determined by the personnel committee of said parent company, PathStone Corporation, 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 Housing Opportunities Housing Development Fund Corporation makes its governing documents (Bylaws and Certificate of Incorporation) available to the public upon written request. The parent company, PathStone Corporation has the following policy in place: PathStone bylaws, policies and other governing documents are available on the PathStone Electronic Library, which may be accessed by employees. The company may grant access to the Electronic Library to non-employees as well, when there is a need for others to access information, for example auditors and funders. PathStone prints an annual report which is made public each year. Copies are mailed to stakeholders and it is readily available to the public. Form 990, Part VII: Some members of the Board of Directors are full time employees (40 or more hours per week) of the parent company, PathStone Corporation, and are compensated as such. Form 990, Part IX, line 11g Salaries Paid by Pathstone: Program service expenses 78,500. Management and general expenses 0. Fundraising expenses 0. Total expenses 78,500. Consulting Fees: Program service expenses 4,225. Management and general expenses 0. Fundraising expenses 0. Total expenses 4,225. PathStone Housing Action Corporation 400 East Avenue Rochester NY 14607 161183242 Affordable Housing NY 501(c)(3) Line 10 PathStone Development 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 PathStone Development Corporation 7 Prince Street Rochester NY 14607 161265765 Affordable Housing NY 501(c)(3) Line 12a, I PathStone Corporation 0 PathStone Corporation 400 East Avenue Rochester NY 14607 160984913 Education, Training, Childhood Education, etc NY 501(c)(3) Line 9 N/A 0 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 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 Related 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 Baird Road Development LLC 7 Prince Street Rochester NY 14607 884130964 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 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 Housing Opportunities Housing Development Fund Corporation Related -69774 -701732 0 0 0.99000 Clayton Heights LP 7 Prince Street Rochester NY 14607 412124095 Affordable Housing NY Housing Opportunities Housing Development Fund Corporation Related -11 169 0 0 0.01000 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 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 Housing Opportunities Housing Development Fund Corporation Related -120749 835600 0 0 0.99000 Marketview Phase II LP 7 Prince Street Rochester NY 14607 161458119 Affordable Housing NY Housing Opportunities Housing Development Fund Corporation Related 963 38829 0 0 0.99990 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 Housing Opportunities Housing Development Fund Corporation Related -3264 16078 0 0 0.99000 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 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 Woodward LP 7 Prince Street Rochester NY 14607 161489242 Affordable Housing NY Housing Opportunities Housing Development Fund Corporation Related -16484 90106 0 0 0.99990 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 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 Churchview MM LLC 7 Prince Street Rochester NY 14607 992642761 General Partner in L.P. Transactions NY N/A C 0 0 0 0 0 1 0 0 0 0 0 0 1 0 1 1 1 1 1 1