SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
MediumBulletAttach to Form 990.
MediumBullet
Information about Schedule R (Form 990) and its instructions is at www.irs.gov/form990.

OMB No. 1545-0047
2015
Open to Public Inspection
Name of the organization
PathStone Development Corporation
 
Employer identification number

16-1265765
Part I
Identification of Disregarded Entities Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity


(b)
Primary activity


(c)
Legal domicile (state
or foreign country)

(d)
Total income


(e)
End-of-year assets


(f)
Direct controlling
entity











Part II
Identification of Related Tax-Exempt Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization


(b)
Primary activity


(c)
Legal domicile (state
or foreign country)

(d)
Exempt Code section


(e)
Public charity status
(if section 501(c)(3))

(f)
Direct controlling
entity

(g)
Section 512(b)(13) controlled entity?
Yes No
(1)PathStone Corporation Inc
400 East Avenue

Rochester,NY14607
16-0984913
Education, Training, Childhood Education, etc NY 501(c)(3) Line 9 N/A
 
No
(2)Sojourner House at PathStone Inc
30 Millbank Street

Rochester,NY14619
16-1170113
Provide temporary housing for women and children NY 501(c)(3) Line 7 PathStone Corporation
 
 
No
(3)PathStone Housing Action Corporation
400 East Avenue

Rochester,NY14607
16-1183242
Affordable Housing NY 501(c)(3) Line 9 PathStone Corporation
 
 
No
(4)Alloway Housing Development Fund Corporation
7 Prince Street7 Prince Street7 Pri

Rochester,NY14607
20-3574586
Affordable Housing NY 501(c)(3) Line 11a, I PathStone Development Corporation
 
 
No
(5)Housing Opportunities Housing Development Fund Corporation
7 Prince Street

Rochester,NY14607
16-1386456
Affordable Housing NY 501(c)(3) Line 11a, I PathStone Development Corporation
 
 
No
(6)Pinnacle Housing Development Fund Corporation
400 East Avenue

Rochester,NY14607
46-0839248
Affordable Housing NY 501(c)(3) Line 11a, I PathStone Development Corporation
 
 
No
(7)Towpath Housing Development Fund Corporation
400 East Avenue

Rochester,NY14607
45-3779513
Affordable Housing NY 501(c)(3) Line 11a, I PathStone Development Corporation
 
 
No
(8)Long Pond Housing Development Fund Corporation
7 Prince Street

Rochester,NY14607
47-1383517
Affordable Housing NY 501(c)(3) Line 11a, I PathStone Development Corporation
 
 
No
(9)Stone Quarry Housing Development Fund Corporation
400 East Avenue

Rochester,NY14607
47-1373029
Affordable Housing NY 501(c)(3) Line 11a, I PathStone Development Corporation
 
 
No
(10)PathStone Wedgepoint Housing Development Fund Corporation
400 East Avenue

Rochester,NY14607
47-3009756
Affordable Housing NY 501(c)(3) Line 11a, I PathStone Development Corporation
 
 
No
(11)Crerand Commons Housing Development Fund Corporation
400 East Avenue

Rochester,NY14607
81-1064405
Affordable Housing NY 501(c)(3) Line 11a, I PathStone Development Corporation
 
 
No
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2015
Page 2
Schedule R (Form 990) 2015
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization



(b)
Primary activity




(c)
Legal
domicile
(state or foreign
country)


(d)
Direct controlling
entity



(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




(g)
Share of end-of-year
assets



(h)
Disproprtionate allocations?




(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?



(k)
Percentage
ownership


Yes No Yes No
(1) Anthony Square LP

7 Prince Street
Rochester,NY14607
16-1589159
Affordable Housing NY N/A
N/A       No     No  
(2) April Meadows LP

7 Prince Street
Rochester,NY14607
16-6498924
Affordable Housing NY PathStone Development Corporation
 
Related -11 49   No   Yes   0.010 %
(3) Breckenridge on Seneca LLC

7 Prince Street
Rochester,NY14607
30-0730121
Affordable Housing NY N/A
N/A       No     No  
(4) Briarwood Place LP

7 Prince Street
Rochester,NY14607
16-1544146
Affordable Housing NY N/A
N/A       No     No  
(5) Canal Place LP

7 Prince Street
Rochester,NY14607
75-2975899
Affordable Housing NY N/A
N/A       No     No  
(6) Cedar Creek Housing LLC

7 Prince Street
Rochester,NY14607
90-0347268
Affordable Housing NY N/A
N/A       No     No  
(7) Central Place LP

7 Prince Street
Rochester,NY14607
16-1520376
Affordable Housing NY N/A
N/A       No     No  
(8) Clayton Heights LP

7 Prince Street
Rochester,NY14607
41-2124095
Affordable Housing NY N/A
N/A       No     No  
(9) Creekside Clearing LP

7 Prince Street
Rochester,NY14607
05-0607089
Affordable Housing NY N/A
N/A       No     No  
(10) Elliott's Landing LP

7 Prince Street
Rochester,NY14607
20-4754791
Affordable Housing NY N/A
N/A       No     No  
(11) Elmgrove Place LP

7 Prince Street
Rochester,NY14607
06-1716252
Affordable Housing NY N/A
N/A       No     No  
(12) Hale Court LP

7 Prince Street
Rochester,NY14607
20-4754992
Affordable Housing NY N/A
N/A       No     No  
(13) Marketview Housing LP

7 Prince Street
Rochester,NY14607
16-1435368
Affordable Housing NY N/A
N/A       No     No  
(14) Marketview Phase II LP

7 Prince Street
Rochester,NY14607
16-1458119
Affordable Housing NY N/A
N/A       No     No  
(15) MJ Estates II LLC

7 Prince Street
Rochester,NY14607
27-1006415
Affordable Housing NY N/A
N/A       No     No  
(16) MJ Estates LP

7 Prince Street
Rochester,NY14607
20-8685429
Affordable Housing NY N/A
N/A       No     No  
(17) Monica Homes LLC

7 Prince Street
Rochester,NY14607
61-1592249
Affordable Housing NY N/A
N/A       No     No  
(18) Niagara Place LP

7 Prince Street
Rochester,NY14607
16-1478044
Affordable Housing NY N/A
N/A       No     No  
(19) Ontario Place LP

7 Prince Street
Rochester,NY14607
75-2975886
Affordable Housing NY N/A
N/A       No     No  
(20) Rexford Place LP

7 Prince Street
Rochester,NY14607
20-2201905
Affordable Housing NY N/A
N/A       No     No  
(21) Susan B Anthony LP

7 Prince Street
Rochester,NY14607
04-3812069
Affordable Housing NY N/A
N/A       No     No  
(22) Westminister Place LP

7 Prince Street
Rochester,NY14607
16-1476222
Affordable Housing NY N/A
N/A       No     No  
(23) Woodward LP

7 Prince Street
Rochester,NY14607
16-1489242
Affordable Housing NY N/A
N/A       No     No  
(24) Stone Quarry Apartments LLC

7 Prince Street
Rochester,NY14607
47-1372693
Affordable Housing NY N/A
N/A       No     No  
(25) PathStone Wedgepoint LLC

7 Prince Street
Rochester,NY14607
47-2752876
Affordable Housing NY N/A
N/A       No     No  
(26) Crerand Commons LLC

400 East Ave
Rochester,NY14607
81-1064094
Affordable Housing NY N/A
N/A       No     No  
(27) Long Pond Senior Apartments LLC

400 East Ave
Rochester,NY14607
47-1416559
Affordable Housing NY N/A
N/A       No     No  
(28) Pinnacle Apartments LLC

7 Prince Street
Rochester,NY14607
45-5425869
Affordable Housing NY N/A
N/A       No     No  
(29) Towpath III LP

7 Prince Street
Rochester,NY14607
45-3566045
Affordable Housing NY N/A
N/A       No     No  
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes No
(1) Marketview Housing Inc

7 Prince Street
Rochester,NY14607
16-1435367
General Partner in L.P. Transactions NY PathStone Development Corporation
 
C 73,400 4,856,254 100.000 %   No
(2) PathStone Breckenridge Inc

400 East Avenue
Rochester,NY14607
45-4541829
General Partner in L.P. Transactions NY PathStone Development Corporation
 
C -26 509,312 100.000 %   No
(3) PDC Towpath Corporation

7 Prince Street
Rochester,NY14607
45-3667522
General Partner in L.P. Transactions NY PathStone Development Corporation
 
C     100.000 %   No
(4) Slater Neighborhood Inc

7 Prince Street
Rochester,NY14607
27-1006036
General Partner in L.P. Transactions NY PathStone Development Corporation
 
C   15 100.000 %   No
(5) Pinnacle Managing Member LLC

7 Prince Street
Rochester,NY14607
45-5430014
General Partner in L.P. Transactions NY PathStone Development Corporation
 
C     100.000 %   No
(6) PathStone Stone Quarry Inc

7 Prince Street
Rochester,NY14607
47-1215361
General Partner in L.P. Transactions NY PathStone Development Corporation
 
C     100.000 %   No
(7) PathStone Long Pond Inc

7 Prince Street
Rochester,NY14607
47-1383101
General Partner in L.P. Transactions NY PathStone Development Corporation
 
C     100.000 %   No
(8) PathStone Wedgepoint Managing Member Corp

400 East Avenue
Rochester,NY14607
47-2778399
General Partner in L.P. Transactions NY PathStone Development Corporation
 
C     100.000 %   No
(9) Crerand Commons MM Corporation

400 East Avenue
Rochester,NY14607
81-1075426
General Partner in L.P. Transactions NY PathStone Development Corporation
 
C     100.000 %   No
Schedule R (Form 990) 2015
Page 3
Schedule R (Form 990) 2015
Page 3
Part V
Transactions With Related Organizations Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................
1a
 
No
b Gift, grant, or capital contribution to related organization(s) ............................
1b
Yes
 
c Gift, grant, or capital contribution from related organization(s) ............................
1c
 
No
d Loans or loan guarantees to or for related organization(s) ............................
1d
Yes
 
e Loans or loan guarantees by related organization(s) ............................
1e
Yes
 
f Dividends from related organization(s) ............................
1f
 
No
g Sale of assets to related organization(s) ............................
1g
 
No
h Purchase of assets from related organization(s) ............................
1h
 
No
i Exchange of assets with related organization(s) ............................
1i
 
No
j Lease of facilities, equipment, or other assets to related organization(s) .......................
1j
 
No
k Lease of facilities, equipment, or other assets from related organization(s) ......................
1k
 
No
l Performance of services or membership or fundraising solicitations for related organization(s) .....................
1l
Yes
 
m Performance of services or membership or fundraising solicitations by related organization(s) .................
1m
Yes
 
n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................
1n
Yes
 
o Sharing of paid employees with related organization(s) ............................
1o
Yes
 
p Reimbursement paid to related organization(s) for expenses ............................
1p
Yes
 
q Reimbursement paid by related organization(s) for expenses ............................
1q
Yes
 
r Other transfer of cash or property to related organization(s) ............................
1r
 
No
s Other transfer of cash or property from related organization(s) ............................
1s
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved





Schedule R (Form 990) 2015
Page 4
Schedule R (Form 990) 2015
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)

(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income




(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership


Yes No Yes No Yes No






























Schedule R (Form 990) 2015
Page 5
Schedule R (Form 990) 2015
Page 5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference Explanation
Part II PathStone Development Corporation is also related to other tax-exempt organizations included in a group return.
Schedule R (Form 990) 2015

Additional Data


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