Developmental Pathways Housing Corpiii
Developmental Pathways Housing Corpiii faces severe financial distress with a multi-million dollar revenue loss and high liabilities in its latest filing.
EIN: 204236443 · Aurora, CO · NTEE: L20 · Updated: 2026-03-28
Is Developmental Pathways Housing Corpiii Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Developmental Pathways Housing Corpiii directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Developmental Pathways Housing Corpiii
Developmental Pathways Housing Corpiii (EIN: 204236443) is a nonprofit organization based in Aurora, CO, classified under NTEE code L20. The organization reported total revenue of $497 and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Developmental Pathways Housing Corpiii's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Developmental Pathways Housing Corpiii is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -3413.3% | -16.3% | -5.0% |
| 2022 | -22.9% | -6.9% | -2.2% |
| 2021 | +14.8% | +1.3% | -2.9% |
| 2020 | -7.4% | +5.3% | -2.0% |
| 2019 | -8.8% | -1.2% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Developmental Pathways Housing Corpiii with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Developmental Pathways Housing Corpiii allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- Debt-to-asset ratio: 180.4%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers are compensated, which is a positive sign for resource allocation within the organization.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Developmental Pathways Housing Corpiii's IRS 990 filings:
- Significant negative revenue of $-3,786,813 in 202306, indicating severe financial distress.
- Liabilities ($3,857,547 in 202306) far exceed assets ($2,138,733 in 202306), suggesting insolvency.
- Consistent decline in total assets over the past decade, from $2,616,402 in 2014 to $2,138,733 in 2023.
- Latest reported revenue of $497 is negligible and insufficient to cover operational expenses.
Strengths
The following positive indicators were identified for Developmental Pathways Housing Corpiii:
- Consistent reporting of 0% officer compensation, indicating no executive salaries are paid from organizational funds.
Frequently Asked Questions about Developmental Pathways Housing Corpiii
Is Developmental Pathways Housing Corpiii a legitimate charity?
Based on AI analysis of IRS 990 filings, Developmental Pathways Housing Corpiii (EIN: 204236443) significant concerns. Mission Score: 30/100. 4 red flags identified, 1 strength noted.
How does Developmental Pathways Housing Corpiii spend its money?
Developmental Pathways Housing Corpiii directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Developmental Pathways Housing Corpiii tax-deductible?
Developmental Pathways Housing Corpiii is registered as a tax-exempt nonprofit (EIN: 204236443). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Developmental Pathways Housing Corpiii a good charity?
Based on the latest financial data, the organization is facing significant financial challenges, including a substantial negative revenue and high liabilities, which raises concerns about its long-term viability and ability to fulfill its mission effectively. While officer compensation is 0%, the overall financial health is poor.
What caused the $-3,786,813 revenue in 2023?
The IRS 990 data alone does not specify the exact cause of this dramatic negative revenue. It could be due to asset write-downs, significant investment losses, or other extraordinary financial events. Further investigation into the detailed financial statements would be necessary to understand this anomaly.
How does the organization fund its operations with such low revenue?
With a latest reported revenue of only $497 and a history of modest revenues, the organization's ability to cover expenses, which were $138,366 in 2023, is questionable. The significant liabilities suggest reliance on debt or other non-revenue sources, which is unsustainable.
What is the trend of the organization's assets and liabilities?
Assets have shown a consistent decline from $2,616,402 in 2014 to $2,138,733 in 2023. Liabilities, while fluctuating, spiked dramatically to $3,857,547 in 2023, far exceeding assets and indicating a highly leveraged financial position.
Filing History
IRS 990 filing history for Developmental Pathways Housing Corpiii showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Developmental Pathways Housing Corpiii's revenue has declined by 5101.3%, moving from $76K to $-3,786,813. Total assets decreased by 23.3% over the same period, from $2.8M to $2.1M. Total functional expenses fell by 5.5%, from $146K to $138K. The organization holds $3.9M in liabilities against $2.1M in assets (debt-to-asset ratio: 180.4%), resulting in net assets of $-1,718,814.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $-3,786,813 | $138K | $2.1M | $3.9M | — | View 990 |
| 2022 | $114K | $165K | $2.3M | $44K | — | View 990 |
| 2021 | $148K | $178K | $2.3M | $45K | — | View 990 |
| 2020 | $129K | $175K | $2.4M | $84K | — | View 990 |
| 2019 | $140K | $166K | $2.4M | $85K | — | View 990 |
| 2018 | $153K | $169K | $2.4M | $86K | — | View 990 |
| 2017 | $108K | $177K | $2.5M | $84K | — | View 990 |
| 2016 | $112K | $180K | $2.5M | $715K | — | View 990 |
| 2015 | $107K | $168K | $2.6M | $727K | — | View 990 |
| 2014 | $103K | $167K | $2.6M | $701K | — | View 990 |
| 2013 | $73K | $146K | $2.7M | $683K | — | View 990 |
| 2012 | $82K | $144K | $2.7M | $676K | — | View 990 |
| 2011 | $76K | $146K | $2.8M | $672K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $-3,786,813, expenses of $138K, and assets of $2.1M (revenue -3413.3% year-over-year).
- 2022: Revenue of $114K, expenses of $165K, and assets of $2.3M (revenue -22.9% year-over-year).
- 2021: Revenue of $148K, expenses of $178K, and assets of $2.3M (revenue +14.8% year-over-year).
- 2020: Revenue of $129K, expenses of $175K, and assets of $2.4M (revenue -7.4% year-over-year).
- 2019: Revenue of $140K, expenses of $166K, and assets of $2.4M (revenue -8.8% year-over-year).
- 2018: Revenue of $153K, expenses of $169K, and assets of $2.4M (revenue +42.2% year-over-year).
- 2017: Revenue of $108K, expenses of $177K, and assets of $2.5M (revenue -3.5% year-over-year).
- 2016: Revenue of $112K, expenses of $180K, and assets of $2.5M (revenue +3.9% year-over-year).
- 2015: Revenue of $107K, expenses of $168K, and assets of $2.6M (revenue +4.6% year-over-year).
- 2014: Revenue of $103K, expenses of $167K, and assets of $2.6M (revenue +40.8% year-over-year).
- 2013: Revenue of $73K, expenses of $146K, and assets of $2.7M (revenue -10.7% year-over-year).
- 2012: Revenue of $82K, expenses of $144K, and assets of $2.7M (revenue +7.7% year-over-year).
- 2011: Revenue of $76K, expenses of $146K, and assets of $2.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Developmental Pathways Housing Corpiii:
Data Sources and Methodology
This transparency report for Developmental Pathways Housing Corpiii is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.