California · Nonprofit
PATH VENTURES
PATH VENTURES (California) receives grants from 29 organizations whose IRS filings report $4,332,436 to it, the largest being CONRAD N HILTON FOUNDATION ($1,750,000). 15 of them have funded it in more than one year.
- Revenue FY2024
- $11M
- Funders on record
- 29
- Grants received
- $4.3M
- Net assets
- $31M
What Path Ventures does
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.
As stated on its FY2024 Form 990.
Program
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.
$9,000,279 spent$6,766,503 earned by the program100% of program spending
The program described on its FY2024 Form 990. Program spending in total: $9,000,279.
The organization over time
Each line starts at 100 in 2018, so what you read is the shape rather than the size: 150 means half as much again as 2018, 50 means half. The number beside each label in the key is where it ended. The shaded band is where the middle 50% of its peers' revenue would sit, given their growth.
Balance sheet
Total assets and total liabilities at each year end, in dollars. The largest one-year move in total assets was 2019 to 2020, from $32M to $68M (+115%).
How it's funded, over time
Each bar is one year's revenue split into where it came from, and every bar is the same height — these are shares, not amounts, so a year that raised twice as much looks the same size. Hover a bar for the split.
Government-grant reliance: 2018 25% · 2019 10% · 2020 1% · 2021 17% · 2022 9% · 2023 46% · 2024 4%. Grants only. Government contracts and fees sit inside program revenue.
12% of PATH VENTURES’s revenue is contributions — about as donation-reliant as the typical peer (13% for the typical peer).
Surplus & reserves
Operating surplus or deficit each year, and months of liquidity in hand. 0 of the last 7 reported years ran a deficit.
reserve
Leadership and staff
The officers, directors, trustees and key employees listed on each return. Joined and no longer listed compare each filing with the year before, matching people by surname and first initial; a year after a gap, or a roster under three people, has no comparison.
Chief executive
Joel Roberts
CEO
Board chair
Shane Goldsmith
Chair
As listed on its FY2024 Form 990.
Who funds it, year by year
2017 → 2023: the base narrowed from 7 funders to 6 funders, grant income fell $393k → $166k.
4 of 29 of your funders are donor-advised or pass-through sponsors (tagged DAF) — 15% of grant dollars received. That money is really individual donors directing a sponsor; the institutions to cultivate are the non-DAF funders.
Left out of every figure on this page: $3.0M from one payer (the payer shares this organization's board, largest Path). These are real filings, and they are not money PATH VENTURES raised.
From the IRS filings of PATH VENTURES’s funders (the co-funder graph). Top 27 of 29 funders by total. Association, not causation. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How concentrated its funding is
PATH VENTURES leans on a few funders — its largest provides 40% of grant income and the top three 73%; half comes from just 2 funders.
the vertical line marks half of all grant income — 2 funders to its left
57% of the income these shares are computed over arrives through pass-through sponsors or from payers whose filings do not say what kind of payment it is. Concentration is still measured over all of it, because the money is real; what it does not support is a claim about how many institutions have chosen to fund PATH VENTURES.
Largest funder’s share by year: 2017 64% · 2018 66% · 2019 86% · 2020 68% · 2021 81% · 2022 87% · 2023 51% — diversifying over time.
“Effective funders” = inverse Herfindahl index (1 / Σ shareᵢ²) — the number of equal-sized funders that would give the same concentration. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
How long its funders stay
31% of PATH VENTURES's funders are still giving 3 years after their first grant; 52% give in more than one year at all.
Share of funders still giving k years after their first recorded grant, pooled across every acquisition cohort. A funder counts as retained in a year only if it made a grant that year. Measured to FY2023, the last fiscal year that has finished arriving — a funder cannot be counted as lapsed in a year most filers have not reached.
Where its funders are
62% of PATH VENTURES's grant income comes from California funders.
In-state vs out-of-state, by year
Funder states come from each funder’s own filing. $632k arriving through sponsors registered in 2 states is excluded from the map and the split above: a sponsor holds money on a donor’s behalf, so its registered address would place those dollars somewhere no donor need ever have been. Trends are read to FY2023, the last fiscal year that has finished arriving. FY2024–FY2026 are still being filed and are shown unshaded; they do not move any figure on this page.
Against its field
PATH VENTURES runs a healthier operating margin than half of the 817 housing & shelter nonprofits its size.
this organization peer median middle 50% of peers· 817 housing & shelter nonprofits $10M–$100M, FY2024
Government funding PATH VENTURES receives
Grants and contracts to this organization from federal (USASpending) and state checkbooks, reconciled to its EIN. $3.8M on record.
- Department of Housing and Urban Development$3.8M
Federal grants vs contracts are distinguished; state line items keep their reported category. Matched by name + geography (the BMF), so coverage is partial and precision-first.
Organizations like PATH VENTURES
Organizations whose mission and program text most resemble this one, by semantic similarity over every organization in the US filings — the closest peers, and often the clearest route to shared or prospective funders.
In California
Nationally
Read directly from this organization’s own Form 990, as neutral context.
Where the money goes
93% of spending goes to programs.
Governance
Public support
88%
Share of support from the public (Schedule A) — the basis for its public-charity status.
Footprint & structure
Files a return copy in 1 state
Part of a family of 35 related entities
- Montclair Gp LLC · disregarded
- Path Connections LLC · disregarded
- Path Ventures Metro 345 LLC · disregarded
- Path Ventures Winnetka LLC · disregarded
- Pv Eucalyptus Villas Mgp LLC · disregarded
Screen this organization
A dated, signed PDF of the compliance screen for PATH VENTURES: IRS status (Business Master File, Publication 78, auto-revocation), the OFAC sanctions lists, the Internal Revenue Bulletin, and California registration, with the Rev. Proc. 2018-32 §8.01 reliance elements stated element by element. Generated from the current files at the moment you download it.
Screens are triage, not determinations; a source that cannot be read reports not screened, never clear. Screen this nonprofit · How the screen works · on the API as GET /api/screening/{ein}?format=pdf
Questions and answers
- Who funds PATH VENTURES?
- PATH VENTURES (California) receives grants from 29 organizations whose IRS filings report $4,332,436 to it, the largest being CONRAD N HILTON FOUNDATION ($1,750,000). 15 of them have funded it in more than one year.
- How many funders does PATH VENTURES have?
- IRS filings report 29 organizations giving $4,332,436 in grants to PATH VENTURES, 15 of which have funded it in more than one year.
- Who is the largest funder of PATH VENTURES?
- CONRAD N HILTON FOUNDATION is the largest funder on record, with $1,750,000 in grants. The full list of funders is on this page.
- How can an organization like PATH VENTURES find more funders?
- Start with the funders already giving here, then look at the foundations that back similar organizations in California. The funding by cause and by state pages list the largest funders for a given area and how to approach them.
Play a game about who funds Path Ventures →
These figures are read directly from IRS Form 990 / 990-PF e-file XML: this organization’s own return for FY2024 (financials across 2018–2024), and the filings of 29 funders that report grants to it. “On record” means captured in the filings we have parsed — a funder that does not e-file, or whose grant detail is not itemized, will not appear. Filings run roughly 12–24 months behind. Trends on this page end at FY2023, the last fiscal year that has finished arriving; later years are shown and marked, and move no figure. Data on this page was exported October 14, 2026. What this page cannot tell you · view filing