Nonprofit · EIN 20-1892523
PATH VENTURES
Tax-exempt · LOS ANGELES, CA 90004
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $11,257,637 | $9,701,348 | $1,556,289 | $98,747,319 | $67,648,247 | $31,099,072 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $1,342,650
- of which government grants
- $427,110
- Program service revenue
- $6,766,503
- Investment income
- $3,148,484
- Net gain from sales of assets
- $3,022,171
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $920,675
- Other salaries and wages
- $1,323,482
- Salaries, compensation and benefits (total)
- $2,497,423
- Professional fundraising fees
- $0
- Legal fees
- $1,625
- Accounting fees
- $110,186
- Travel
- $7,995
- Program services (functional)
- $9,000,279
- Management and general (functional)
- $671,069
- Fundraising (functional)
- $30,000
Balance sheet and other
- Total assets, start of year
- $89,891,977
- Total assets, end of year
- $98,747,319
- Total liabilities, end of year
- $67,648,247
- Net assets, end of year
- $31,099,072
- Land, buildings and equipment
- $48,573,640
- Net assets without donor restrictions
- $30,499,670
- Net assets with donor restrictions
- $599,402
- Gross receipts
- $11,257,637
- Employees
- 20
- Volunteers
- 19
- Year formed
- 2004
- State of legal domicile
- CA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| JOEL ROBERTS | CEO Officer | 40 | $356,993 | $0 | $39,682 |
| SARAH KOLISH | COO Officer | 4 | $83,633 | $216,605 | $46,228 |
| SANDY OLUWEK | CFO Officer | 4 | $115,273 | $165,109 | $36,112 |
| ANTHONY BAHAMONDES | SR DIR OF HSG Officer | 40 | $210,128 | $0 | $32,625 |
| LILIAN NAJARRO | sr dir of finance | 40 | $162,096 | $0 | $27,277 |
| SHIHENG GUAN | PROJECT DIRECTOR | 40 | $138,711 | $0 | $13,575 |
| MICHAEL BUSSE | PROJECT DIRECTOR | 40 | $129,020 | $0 | $13,881 |
| MICHAEL LANZA | PROJECT DIRECTOR | 40 | $124,966 | $0 | $17,874 |
| CYNTHIA WONG | PROJECT DIRECTOR | 40 | $125,744 | $0 | $13,712 |
| BRIAN TUCKER | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| EILEEN DARDICK | Secretary Trustee or director, Officer | 1 | $0 | $0 | $0 |
| SHANE GOLDSMITH | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| KAREN KURTZMAN | Treasurer Trustee or director, Officer | 1 | $0 | $0 | $0 |
| JANE BLUMENFELD | RECORDING SEC Trustee or director, Officer | 1 | $0 | $0 | $0 |
| PERLA ESTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARY KAISER | BOARD MEMBER Trustee or director | 1 | $0 |
| LESLIE LAMBERT | BOARD MEMBER Trustee or director | 1 | $0 |
| ELLEN NAGLER | BOARD MEMBER Trustee or director | 1 | $0 |
| ANNICK HAMON | BOARD MEMBER Trustee or director | 1 | $0 |
| Sandeep Patel | BOARD MEMBER Trustee or director | 1 | $0 |
| Clair Orr | FOUNDER Trustee or director | 1 | $0 |
Address and contacts
- Address (IRS master file)
- 340 N MADISON AVE, LOS ANGELES, CA 90004-3504
- In care of
- % JOHN MOLLOY
- Principal officer (990 for 2024)
- SANDY OLUWEK, 340 N MADISON, LOS ANGELES, CA 90004
- Signed the 990
- SANDY OLUWEK, CFO
- Phone
- (323) 671-1300
- Return prepared by
- Boggeln & Company Inc
Mission
THE ORGANIZATION'S PURPOSE IS TO DEVELOP AFFORDABLE HOUSING, PROMOTE COMMUNITY AND ECONOMIC DEVELOPMENT, AND ENCOURAGE NEIGHBORHOOD REVITALIZATION FOR LOW INCOME FAMILIES AND INDIVIDUALS.
Program accomplishments
- 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.Expenses $9,000,279 · revenue $6,766,503
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-1892523
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2007
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L20)
- Assets (IRS master file)
- $98,747,319
- Income (IRS master file)
- $11,257,637
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | – | – | – | IRS |
| 990 | December 2023 | $8,649,915 | $5,786,089 | $89,891,977 | IRS |
| 990 | December 2022 | $7,143,035 | $3,032,491 | $70,954,460 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS.
Questions about PATH VENTURES
- What is the EIN of PATH VENTURES?
- The employer identification number (EIN) of PATH VENTURES is 20-1892523.
- Is PATH VENTURES tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2007.
- Are donations to PATH VENTURES tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PATH VENTURES file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PATH VENTURES due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PATH VENTURES last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of PATH VENTURES?
- The 990 for the year ended December 31, 2024 names SANDY OLUWEK.
- Who are the officers and directors of PATH VENTURES?
- The 990 for the year ended December 31, 2024 lists 21 people; 9 received compensation from the organization, the highest $356,993 (JOEL ROBERTS, CEO).
- How much revenue does PATH VENTURES have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $11,257,637, expenses of $9,701,348 and total assets of $98,747,319 at year end.
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