Path Ventures FY2022 filing
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Builds quality affordable and permanent supportive housing tailored to the specific needs of homeless and low-income individuals and families. For fiscal year 2022 it reported $7.1M in revenue, $3.0M in expenses, and $26.0M in net assets.Pt I
Summary of the Filing
Where the work happens
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.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Joel Roberts’s $357K as CEO is at the 86th percentile of top reported officer pay among 672 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Joel Roberts | $356,993 | $346,509 | $292,458 | $39,867 | — |
| Anthony Bahamondes | $210,128 | $190,391 | $145,783 | $74,252 | — |
| Ernesto Espinoza | — | — | — | $168,011 | $20,004 |
| Lilian Najarro | $162,096 | $146,669 | $133,485 | $127,938 | $16,339 |
| Abbas Azara | — | — | — | $142,512 | $110,128 |
| Shiheng Guan | $138,711 | $114,377 | $102,410 | — | — |
| Michael Busse | $129,020 | $110,915 | — | — | — |
| Cynthia Wong | $125,744 | $110,758 | — | — | — |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 77% | — | — |
| Overhead ratio | 21% | — | — |
| Fundraising cost ratio | 2% | — | — |
| Revenue growth | -53% | — | — |
| Investment management fee ratio | 0% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 4% | — | — |
| Fundraising fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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