Path Partners EIN 20-1892613

Path Partners FY2021 filing

EIN  20-1892613 Public charity (501(c)(3)) Los Angeles, CA
Form 990 (PDF)
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Size
$100K–1M
What they do
Helps homeless and low-to-moderate income individuals and families.
Leadership
David Alden · Co-President
Money in and out
$1.0M revenue, $188K expenses
Bottom line
99% program efficiency

Helps homeless and low-to-moderate income individuals and families. For fiscal year 2021 it reported $1.0M in revenue, $188K in expenses, and $839K in net assets.Pt I

Where the money goes · FY2021
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$188K
Pt IX · Ln 25
Net assets
$839K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $837K
Where spending went · Part IX cols B–D
Program services $0.99 Management & general $0.01
Program efficiency
99%
of spending reaches programs
Operating runway
66.8mo
months of highly liquid reserves at operating expense rate
Surplus margin
+82%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2021 · Form 990
Revenue
$1.0M
FY2021
Expenses
$188K
FY2021▲ ×22
Total assets
$1.1M
FY2021▲ ×53
Total liabilities
$226K
FY2021▲ ×12
Total revenue
$1.0M
Pt VIII · Ln 12
Total expenses
$188K
Pt IX · Ln 25
Net assets
$839K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$837K
Total assetsPt X · Ln 16$1.1M
Program-expense ratioPt IX · col B99%
Voting members of governing bodyPt I · Ln 310
Independent voting membersPt I · Ln 410
Mission & Programs · Part III

Where the work happens

1 program service account for $185K of program spending, described in the organization's own filed words · FY2021.
01

The organization fulfills its mission by initiating, organizing, coordinating, financing, operating and sponsoring programs to assist the homeless or low to moderate income individuals and families and to provide financial, operational, and management support to other organizations that are dedicated to the same or similar purposes.

$185Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CPath Partners
EINHdr · item D20-1892613
Principal addressHdr · item CLos Angeles, CA
Year of formationHdr · item Lpending
State of legal domicileHdr · item MCA
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S50)
Ruling yearIRS BMFMay 2008

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a10
Independent voting membersPt VI · Ln 1b10
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Co-President
$0Pt VII · Sec A
Co-Recording Secretary
$0Pt VII · Sec A
Co-President
$0Pt VII · Sec A
$0Pt VII · Sec A
Co-Vice President
$0Pt VII · Sec A
Co-Treasurer
$0Pt VII · Sec A
Co-Vice President
$0Pt VII · Sec A
Co-Recording Secretary
$0Pt VII · Sec A

Jonathan Humberto Centeno’s $151K as Senior Director is at the 91st percentile of top reported officer pay among 1710 $100K–1M community development 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 · 5 named individuals · Part VII

NameFY2024FY2023FY2022
Carlos Gonzalez$221,581
Abbas Azara$151,071
Jonathan Humberto Centeno$151,024$142,277
Megan Colvard$136,434$133,351$130,995
Jennifer Hark Dietz$94,262$70,787$50,000

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

Part VIII
Contributions & grants$650K · 63%
Program service revenue$375K · 37%
Contributions & grants63%$650K
Program service revenue37%$375K
Total revenueLn 12$1.0M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.99 Management & general $0.01
Program services99%$185K
Management & general1%$3K
Total functional expensesLn 25$188K

Balance Sheet

Part X · end of year
CashLn 1$1.0M
Total assetsLn 16$1.1M
Total liabilitiesLn 26$226K
Total net assetsLn 32$839K
Months of cash on handcomputed66.8

Financial Metrics

Form 990 · FY2021 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $1.0M · Operating expenses/yr $188K
66.8 months
Where the money goes
Program services
Program services $185K · Total expenses $188K
99%
Management & General
Management & general $3K · Total expenses $188K
1%
Fundraising
Fundraising $0 · Total expenses $188K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $217K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $650K · Total revenue $1.0M
63%
Government reliance
Government grants — · Total revenue $1.0M
Earned-income share
Program service revenue $375K · Total revenue $1.0M
37%
Investment reliance
Investment income $0 · Total revenue $1.0M
0%
Program self-sufficiency
Program service revenue $375K · Total expenses $188K
200%
Growth & trend
Revenue growth (YoY)
This year $1.0M · Prior year $0
Prior-year revenue below floor — showing dollar change
Net-asset trend (YoY)
End of year $839K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $1.0M · Expenses $188K
+82%
Liabilities-to-Assets
Total liabilities — · Total assets $1.1M
Net-asset ratio
Net assets $839K · Total assets $1.1M
79%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $1.1M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual David Alden · Reported title CO-PRESIDENT · Highest reported compensation $0 · Total expenses $188K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) — · Total expenses $188K
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 99%
Overhead ratio 1%
Fundraising cost 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.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 1 funder$20K

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$809K revenue · ⤓ 990 PDF
FY2023$1.2M revenue · ⤓ 990 PDF
FY2022$813K revenue · ⤓ 990 PDF
FY2021$0 revenue · ⤓ 990 PDF
FY2020$0 revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2021IRS
Classification, formation year, addressIRS Business Master File
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