Civic Intelligence

Pathways Vermont Inc.

990 • Fiscal year 2020 • EIN 30-0604758

Jul 01, 2019 to Jun 30, 2020 • Filed on Jan 22, 2021

50 Main Street 127Winooski, VT 05404

(888) 492-8218

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

83rd percentile

0.66x

Higher debt load relative to assets than 83% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Liabilities / Revenue

52nd percentile

0.23x

Higher debt load relative to revenue than 52% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Net Margin

38th percentile

0.2%

Higher net margin than 38% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Top Officer Pay

46th percentile

$113,092

Higher top officer pay than 46% of similar nonprofits.

Top officer pay equals 1.8% of source-year revenue.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2020

Asset Growth

91st percentile

64%

Faster asset growth than 91% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

2.6%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2019 to 2020

Assets

Up

$2,135,665

Up $829,953 (+64%) from 2019

Net Assets

Up

$726,918

Up $11,965 (+1.7%) from 2019

Liabilities

Up

$1,408,747

Up $817,988 (+138%) from 2019

Revenue

Up

$6,150,946

Up $155,038 (+2.6%) from 2019

Expenses

Up

$6,138,981

Up $423,310 (+7.4%) from 2019

Net Income

Down

$11,965

Down $268,272 (-96%) from 2019

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$6.0M$4.0M$2.0M$0Assets 2014: $480,296Liabilities 2014: $356,182Net Assets 2014: $124,1142014Assets 2016: $933,258Liabilities 2016: $437,932Net Assets 2016: $495,3262016Assets 2017: $846,038Liabilities 2017: $342,271Net Assets 2017: $503,7672017Assets 2018: $1,071,755Liabilities 2018: $533,248Net Assets 2018: $538,5072018Assets 2019: $1,305,712Liabilities 2019: $590,759Net Assets 2019: $714,9532019Assets 2020: $2,135,665Liabilities 2020: $1,408,747Net Assets 2020: $726,9182020Assets 2021: $1,891,129Liabilities 2021: $826,891Net Assets 2021: $1,064,2382021Assets 2022: $2,270,431Liabilities 2022: $894,385Net Assets 2022: $1,376,0462022Assets 2024: $4,077,378Liabilities 2024: $1,913,984Net Assets 2024: $2,163,3942024

Highlighted filing

2020

Assets$2,135,665
Liabilities$1,408,747
Net Assets$726,918

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$15M$10M$5.0M$0Revenue 2014: $3,256,054Expenses 2014: $3,199,428Net Income 2014: $56,6262014Revenue 2016: $4,703,959Expenses 2016: $4,447,167Net Income 2016: $256,7922016Revenue 2017: $4,822,543Expenses 2017: $4,814,102Net Income 2017: $8,4412017Revenue 2018: $5,401,168Expenses 2018: $5,366,428Net Income 2018: $34,7402018Revenue 2019: $5,995,908Expenses 2019: $5,715,671Net Income 2019: $280,2372019Revenue 2020: $6,150,946Expenses 2020: $6,138,981Net Income 2020: $11,9652020Revenue 2021: $7,732,237Expenses 2021: $7,394,917Net Income 2021: $337,3202021Revenue 2022: $9,813,655Expenses 2022: $9,501,847Net Income 2022: $311,8082022Revenue 2024: $12,055,406Expenses 2024: $11,395,286Net Income 2024: $660,1202024

Highlighted filing

2020

Revenue$6,150,946
Expenses$6,138,981
Net Income$11,965
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Jan 22, 2021
Return Version
2019v5.0
Gross Receipts
$6,152,180
Mission and Program Overview

Mission

To end homelessness in vermont and provide innovative mental health alternatives.

Balance Sheet Detail
LineBeginningEndChange
Assets
Savings and Temporary Cash Investments-$1,038,169-
Pledges and Grants Receivable$548,278$593,520▲ $45,242
Land, Buildings, and Equipment, Net$273,456$258,747▼ $14,709
Cash and Non-Interest-Bearing Accounts$409,114$150,521▼ $258,593
Prepaid Expenses and Deferred Charges$16,058$7,555▼ $8,503
Total Assets$1,305,712$2,135,665▲ $829,953
Other Assets Total$58,806$87,153▲ $28,347
Liabilities
Mortgage Notes Payable Secured by Investment Property$108,443$849,040▲ $740,597
Accounts Payable and Accrued Expenses$368,634$459,323▲ $90,689
Escrow Account Liability$58,806$87,153▲ $28,347
Deferred Revenue$54,876$13,231▼ $41,645
Total Liabilities$590,759$1,408,747▲ $817,988
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$404,169$507,392▲ $103,223
Net Assets With Donor Restrictions$310,784$219,526▼ $91,258
Total Net Assets Fund Balance$714,953$726,918▲ $11,965
Total Liabilities and Net Assets / Fund Balance$1,305,712$2,135,665▲ $829,953

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$256,820$37,761$294,581
Other Land Buildings$1,927$47,277$49,204
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
Hilary MeltonExecutive DiFT$101,206$11,886$113,092

Board Members and Trustees

Highest Paid Contractors

ContractorServicesLocationCompensation
Mhission Translation Systems LLCMedical Dir.23 PINNACLE DRIVE, South Burlington, VT 05403$121,794
Revenue and Support

Revenue Composition

Contributions and Grants
$4,537,572
Program Service Revenue
$1,589,816
Investment Income
$0
Other Revenue
$23,558
All Other Contributions
$341,602
Change in Net Assets
$11,965

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,150,946
Revenue Not Reported on Form 990
$1,234
Total Revenue per Audited Statements
$6,152,180
Total Revenue per Form 990
$6,150,946
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$4,385,349
Other Expenses$1,221,085
Grants and Similar Amounts Paid$532,547
Total Fundraising Expense$229,436
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$2,838,603$311,443$123,516$3,273,562
Other Employee Benefits$586,886$74,082$27,214$688,182
Grants to Domestic Individuals$532,547--$532,547
Payroll Taxes$244,515$34,746$11,673$290,934
Travel$183,724$10,227$5,019$198,970
Office Expenses$137,913$31,142$20,205$189,260
Fees for Services Other$138,753$16,432$10,206$165,391
Occupancy$116,554$16,164$5,165$137,883
Current Officers, Directors, Trustees, and Key Employees$7,466$103,842$9,890$121,198
Information Technology$44,790$6,001$6,182$56,973
Insurance-$53,230-$53,230
Conferences and Meetings$25,955$8,989$1,044$35,988
Advertising$32,716$302$2,069$35,087
Fees for Services Legal$14,735--$14,735
Depreciation Depletion$14,710--$14,710
Fees for Services Accounting-$14,400-$14,400
Pension Plan Contributions$11,149-$324$11,473
Other Expenses$287,904-$6,638$6,638
Fees for Services Lobbying-$5,075-$5,075
Interest$4,550--$4,550
Total Functional Expenses$5,223,470$686,075$229,436$6,138,981

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$6,140,215
Expenses per Audited Statements$6,138,981
Total Expenses per Form 990$6,138,981
Expenses Not Reported on Form 990$1,234
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$1,234
Fundraising Gross Income$1,234
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Breakfast Event$144,626$1,234$1,234$0
Total Events$144,626$1,234$1,234-
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
Yes
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Page 6, Part VI, Line 11B

The draft 990 is reviewed by the finance committee and if all is in order it is recommended for acceptance by the board.

Form 990, Page 6, Part VI, Line 12C

Each director, principal officer and member of a committee with governing board delegated powers are required to annually sign a statement and questionnaire.

Form 990, Page 6, Part VI, Line 15A

The business manager researches comparable salaries in the state for comparable positions. Subsequently, the board of directors reviews the executive director and the growth/stability of the agency and then approves the executive director's salary as presented in the budget.

Form 990, Page 6, Part VI, Line 19

UPON REQUEST

Filing and Contact Details

Filer

Filer Name
Pathways Vermont Inc
EIN
30-0604758
Phone
8884928218
Address
50 MAIN STREET 127, WINOOSKI, VT 05404

Signing Officer

Name
Hilary Melton
Title
Executive Director
Phone
8884928218
Signed
2021-01-22
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Hilary Melton
Formed
2010
Voting Board Members
12
Independent Board Members
12
Employees
120
Volunteers
24

Preparer

Firm
Jmm & Associates Pc
Address
336 WATER TOWER CIR STE 801, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

Form 990, Page 2, Part III, Line 4A

Pathways vermont's housing first program provides permanent supportive housing services to individuals with long histories of homelessness and institutionalization who are living with significant disabilities. The program uses a scattered-site model, assisting clients to locate independent apartments leased by private landlords across the community. In addition to housing placement, the program provides wraparound community support services to assist clients in defining goals and overcoming barriers to independent living. These services include multidisciplinary approaches, including benefits coordination, case management, psychiatry, substance abuse recovery support, employment support and nursing. In fy20 the program has found permanent housing placements for 260 and served a total of 275 individuals. The program has maintained a 92% housing retention rate.

Form 990, Page 2, Part III, Line 4D

Vermont support line - the support line completed 10,823 calls. The service diverted 145 calls from emergency services. The caller satisfaction rate is 96%. The pathways vermont community center - the pvcc welcomed more than 2,702 visitors in fy20, 1,310 received support services. Pvcc served 1,110 meals in fy20. 178 persons have been engaged in employment services with 26 job starts.

Form 990, Part XI, Line 9

Fundraising expenses 1,234 fundraising expenses -1,234

Financial Statement Notes

Schedule D, Page 2, Part IV, Line 2B

The organization participates in a social security administration program for some of the clients who receive social security benefits. These funds are held in a separate account with td bank. One employee within the business office has primary responsibility for managing this program. The organization uses a separate quickbooks software module to track all income and expenses on an individual basis for each client for whom the organization provides representative payee services. Income expense reports can be published for clients at any time, should an individual wish to see more detail. Individual client files for invoices and/or written requests for each expense are maintained by the organization. The service is provided to clients at no charge. Generally, expenses fall into the following categories: rent, electric, heat, telephone & telecommunications, medical, personal, other. Clients agree to a budget plan for the month to cover these expenses. The organization reports all expenditures to the social security administration on an annual basis.

Schedule D, Page 3, Part X

The organization does not believe there are any material uncertain tax positions and, accordingly, it will not recognize any liability for unrecognized tax benefits.

Schedule D, Page 4, Part XI, Line 2D

Fundraising expenses 1,234

Schedule D, Page 4, Part XII, Line 2D

Fundraising expenses 1,234

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IRS990/ProgSrvcAccomActy2Grp/Desc0SOTERIA CREATES A NEW OPTION IN THE SYSTEM OF CARE FOR INDIVIDUALS EXPERIENCING AN EARLY EPISODE OF PSYCHOSIS. THE PROGRAM AIMS TO DIVERT INDIVIDUALS FROM UNNECESSARY VISITS TO THE EMERGENCY DEPARTMENT OR INPATIENT HOSPITALIZATIONS. THE PROGRAM OFFERS A SAFE, RESIDENTIAL SETTING WHERE INDIVIDUALS ARE EMPOWERED TO PURSUE THEIR OWN PATH TOWARDS WELLBEING. SOTERIA DRAWS UPON A DIVERSE RANGE OF DISCIPLINES TO SUPPORT INDIVIDUALS, INCLUDING PEER SUPPORT, PSYCHOSOCIAL SUPPORT, CREATIVE EXPRESSION AND PSYCHIATRY. SOTERIA SERVED 14 INDIVIDUALS IN FY20.
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IRS990/ProgSrvcAccomActy3Grp/Desc0IN 2014 PATHWAYS BEGAN OFFERING SPECIALIZED INTERVENTION FOR HOMELESS VETERAN HOUSEHOLDS. IN COLLABORATION WITH VERMONT VETERAN SERVICES AT THE UNIVERSITY OF VERMONT, THE SUPPORTIVE SERVICES FOR VETERAN FAMILIES (SSVF) PROGRAM PROVIDES SHORT-TERM ASSISTANCE TO FORMER SERVICE MEMBERS WHO HAVE RECENTLY BECOME OR ARE AT IMMINENT RISK OF BECOMING HOMELESS. THE PROGRAM COMBINES TEMPORARY FINANCIAL ASSISTANCE, HOUSING PLACEMENT SUPPORT AND SHORT-TERM CASE MANAGEMENT TO RE-STABILIZE HOUSEHOLDS IN PERMANENT HOUSING. SINCE 2014 THE PROGRAM HAS ENDED HOMELESSNESS FOR 382 HOUSEHOLDS THROUGH RAPID RE-HOUSING AND HOMELESSNESS PREVENTION.
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IRS990/ProgSrvcAccomActyOtherGrp/Desc0VERMONT SUPPORT LINE - THE SUPPORT LINE COMPLETED 10,823 CALLS. THE SERVICE DIVERTED 145 CALLS FROM EMERGENCY SERVICES. THE CALLER SATISFACTION RATE IS 96%. THE PATHWAYS VERMONT COMMUNITY CENTER - THE PVCC WELCOMED MORE THAN 2,702 VISITORS IN FY20, 1,310 RECEIVED SUPPORT SERVICES. PVCC SERVED 1,110 MEALS IN FY20. 178 PERSONS HAVE BEEN ENGAGED IN EMPLOYMENT SERVICES WITH 26 JOB STARTS.
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