Pathway Development Institute Nfp

Not tax-deductible

Palatine, ILMutual-benefit / member-servingCommunity DevelopmentEIN 20-8084551

Pathwawy development institute's most significant activity is the purchase of two aprtment buildings which allows homeless people to live at a reduced rate

Mission: Form 990 Part I, line 1

Before you give

FY2025 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
1 of 5
filings with a surplus
Average deficit $15K a year · last 5 filings
Concern: a surplus in 1 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Liabilities
$43K
8% of total assets
Looks good: liabilities are 8% of assets; 50% or less.
Pt X · Ln 26
Independent board members
3
of 3 voting members
Looks good: 3 of 3 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$11K
+170% vs prior year
Spent
$0
Net assets
$532K
By yearFY2021–FY2025
Revenue
$11K
FY2025▲ +170%
Revenue by fiscal year
FY2021−$8K
FY2022−$45K
FY2023−$15K
FY2024−$16K
FY2025$11K
Expenses
$0
FY2025
Expenses by fiscal year
FY2021$0
FY2022$0
FY2023$0
FY2024$0
FY2025$0
Net assets
$532K
FY2025▲ +2%
Net assets by fiscal year
FY2021$597K
FY2022$552K
FY2023$537K
FY2024$521K
FY2025$532K

From the FY2025 Form 990 (year ending June 2025) · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Feb 2008.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

4 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
See Pathway Development Institute Nfp executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable housing by purchasing apartment buildings for homeless individuals.

Provided by the organization

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1 program service, described in the organization's own filed words · FY2024.
01

Maintaining two apartment buildings which allows homeless people to live at a reduced rate

Pt IX · col B

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By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$11K
Ln 12
Other incomeLn 4–11$11K
Investment incomeLn 3$166
Money outPt IX
$0
Ln 25
Owns and owesPt X
$532K
net assets · Ln 32
Cash and savingsLn 1–2$76K
Total assetsLn 16$576K
LiabilitiesLn 26$43K
PeoplePt VI, VII
4
listed · VII A
PaidVII A0
Voting boardVI 1a3
IndependentVI 1b3
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$166
Other incomeLn 4–11$11K
Total revenueLn 12$11K
Assets in detailPt X, end of year
CashLn 1$76K
Cash and savings togetherLn 1–2$76K
Land, buildings, equipmentLn 10c$500K
Total assetsLn 16$576K
LiabilitiesLn 26$43K
Net assetsLn 32$532K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$64K$76K
Land, buildings, equipmentLn 10c$500K$500K
Total assetsLn 16$564K$576K
LiabilitiesLn 26$43K$43K
Net assetsLn 32$521K$532K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Total functional expensesLn 25$0$0$0$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $11K$0$11K$532K 990 PDF
FY2024 −$16K$0−$16K$521K 990 PDF
FY2023 −$15K$0−$15K$537K 990 PDF
FY2022 −$45K$0−$45K$552K 990 PDF
FY2021 −$8K$0−$8K$597K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (4 parts)
Part VIII · Statement of revenue $11,019 across 3 lines filed
VIII-3 Investment incomeUnrelated business $166$166
VIII-6 Net rental income or lossRelated to mission $10,853$10,853
VIII-12 Total revenueRelated to mission $10,853 · Unrelated business $166 · Excluded from tax $0$11,019
Part IX · Statement of functional expenses $0 across 0 lines filed
IX-25 Total functional expensesPrograms $0 · Management $0 · Fundraising $0$0
Part X · Balance sheet $575,529 assets, 8 lines filed
X-1 Cash, non-interest-bearingStart of year $64,429$75,529
X-10c Land, buildings and equipment, netStart of year $500,000$500,000
X-16 Total assetsStart of year $564,429$575,529
X-17 Accounts payable and accrued expensesStart of year $43,133$43,213
X-26 Total liabilitiesStart of year $43,133$43,213
X-27 Net assets without donor restrictionsStart of year $521,296$532,316
X-32 Total net assets or fund balancesStart of year $521,296$532,316
X-33 Total liabilities and net assetsStart of year $564,429$575,529
Part XI · Reconciliation of net assets $532,316 net assets at year end
XI-1 Total revenue$11,019
XI-2 Total expenses$0
XI-3 Revenue less expenses$11,019
XI-4 Net assets at start of year$521,296
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$532,316

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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