NonprofitsWay Finders Inc

Housing & Shelter

Way Finders Inc

SPRINGFIELD, MA

Total revenue

$129.8M

Total expenses

$129.3M

Net assets

$18.2M

Grants received

$14.6M

85 grants

EIN

042518368

Tax year

2023

Mission

Way finders, inc. Is a not-for-profit organization established to provide housing assistance and technical assistance to low-income and disabled individuals in western massachusetts.

Programs

4 programs

Client services include temporary shelter and supportive services for the homeless and transitional housing and supportive services for victims of domestic violence and other formerly homeless families. Way finders provides a wide variety of information and referral services, housing counseling and education services for tenants as well as access to financial assistance to help families and individuals avoid homelessness. The services are funded through federal and state programs and private grants and donations.

Expenses: $49.9MGrants: $31.1M

Real estate development services include both new construction and purchase and rehabilitation to provide affordable individual, single family and multi-family rental housing and affordable owner occupied housing. These activities are financed by accessing federal and state programs and private lenders. Rental management services are provided to various affordable housing projects. Way finders and its subsidiaries own a direct or indirect interest in most of the projects developed by way finders. These efforts are aimed at ensuring that the properties meet the needs of their low to moderate income residents as well as maintaining the financial viability of these properties in the future.

Expenses: $8.0M

Rental properties provide afforable housing to eligible tenants under short-term operating leases. Rental properties include properties wholly owned by way finders.

Expenses: $1.5M

Home ownership services include education and counseling for first-time homebuyers, post-purchase and foreclosure prevention counseling, and education services for rental property owners. Way finders also provides access to financial resources for down payment and closing costs, to address lead-paint hazards in the home, and for home modification loans for the disabled.

Expenses: $804KGrants: $8K

Financials

FY 2023

Revenue

Contributions & grants$120.6M
Program service revenue$4.0M
Investment income$5.2M
Other revenue
Total revenue$129.8M

Expenses

Grants paid$89.9M
Salaries & benefits$21.4M
Fundraising$608K
Other expenses$18.0M
Total expenses$129.3M
Total assets$71.0M
Net assets$18.2M

People

25 listed

NameRoleCompensation

KEITH FAIREY

PRESIDENT AND CEO

Board

$227K

40 hrs/wk

LAUREEN BORGATTI

CHIEF OPERATING OFFICER

Board

$163K

40 hrs/wk

DEREK J MORRIS

CHIEF FINANCIAL OFFICER

Board

$163K

40 hrs/wk

PASCALE DESIR NON-VOTING

ASST. SECRETARY & CHIEF LE

Board

$150K

40 hrs/wk

ERICA SIMMONETTE

CHIEF PEOPLE & ADMINISTRATIVE OFFICERS

Board

$132K

40 hrs/wk

JANETTE VIGO

CHIEF PROGRAM OFFICER

Board

$130K

40 hrs/wk

JOHN BIDWELL

CHIEF DEVELOPMENT OFFICER

Board

$128K

40 hrs/wk

ANNI ZHU

CHIEF OF STAFF

Board

$117K

40 hrs/wk

ERICA TRUE

VICE CHAIRPERSON

Board

2 hrs/wk

LEONARD UNDERWOOD

VICE CHAIRPERSON

Board

2 hrs/wk

ADLYN COLON

DIRECTOR

Board

2 hrs/wk

KARON TYLER

DIRECTOR

Board

2 hrs/wk

ALICE RAYMOND

DIRECTOR

Board

2 hrs/wk

MELISSA PROHASKA

DIRECTOR

Board

2 hrs/wk

JASMINE MATTA-NAYLOR

CHAIRPERSON

Board

2 hrs/wk

GEORGE D ROSA

TREASURER

Board

2 hrs/wk

JIM HICKSON

DIRECTOR

Board

2 hrs/wk

DENISE COGMAN

SECRETARY

Board

2 hrs/wk

JENNA TETREAULT

DIRECTOR

Board

2 hrs/wk

JIM BRODERICK

DIRECTOR

Board

2 hrs/wk

ANDREW MOOREHOUSE

DIRECTOR

Board

2 hrs/wk

RONDEY ALLEN

DIRECTOR

Board

2 hrs/wk

AMBER COUGHLIN

DIRECTOR

Board

2 hrs/wk

HARRY MONTALVO

DIRECTOR

Board

2 hrs/wk

MARTA ALVEREZ

DIRECTOR

Board

2 hrs/wk

Independent contractors

NARROW GATE ARCHITECTS

ARCHITECTURE

$656K

SNI COMPANIES

TEMPORARY SERVICES

$354K

DIETZ & CO ARCHITECTS

ARCHITECTURE

$247K

ENLACE DE FAMILIAS

PROGRAMATIC SERVICES

$217K

SOURCEPASS INC

IT CONSULTING

$182K

Grants received

Showing 85 of 85

FromAmountPurposeYear
$634K
SUPPORTIVE ORGANIZATION PAYMENT TO WAY FINDERS, INC.
2024
$96K
GEN OPP SUPPORT; MATCHING GIFTS
2024
$52K
HOUSING COUNSELING PROGRAM & ADMINISTRATION
2024
$30K
NEIGHBORHOOD DEVELOPMENT/FINANCIAL CAPABILITY
2024
$30K
GENERAL SUPPORT
2024
$20K
Support
2024
$5K
WELLS FARGO KEEPING PEOPLE HOUSED GRANT
2024
$2K
General Fund
2024
$500
CORPORATE AND COMMUNITY WELLNESS
2024
$50
MATCHING GIFTS
2024
$274K
Community Impact
2023
$91K
EXEMPT PURPOSE
2023
$77K
HOUSING COUNSELING PROGRAM & ADMINISTRATION
2023
$32K
For grant recipient's exempt purposes
2023
$20K
HOMEOWNERSHIP AND CREDIT SUCCESS PROGRAM
2023
$10K
PROVIDE PUBLIC SERVICES
2023
$10K
EXEMPT PURPOSE
2023
$10K
FIRST-TIME HOMEBUYER AND CREDIT SUCCESS PROGRAM
2023
$8K
HOUSING STABILIZATION (RENTER STABILIZATION/EVICTION PREVENTION & HOMEOWNER ASSISTANCE/FORECLOSURE PREVENTION)
2023
$500
CORPORATE AND COMMUNITY WELLNESS
2023
$50
MATCHING GIFTS
2023
$2.1M
EXEMPT PURPOSE
2022
$65K
FLEXING CIVIL MUSCLE TWO
2022
$40K
GENERAL SUPPORT
2022
$36K
HOMELESSNESS PREVENTION
2022
$35K
HUMAN SERVICES
2022
$28K
HOUSING COUNSELING PROGRAM & ADMINISTRATION
2022
$22K
Community Impact
2022
$20K
HOMEOWNERSHIP AND CREDIT SUCCESS PROGRAM
2022
$13K
WAY FINDERS CAPITAL CAMPAIGN
2022
$10K
EXEMPT PURPOSE
2022
$10K
HOUSING STABILIZATION (RENTER STABILIZATION/EVICTION PREVENTION & HOMEOWNER ASSISTANCE/FORECLOSURE PREVENTION)
2022
$10K
FIRST-TIME HOMEBUYER AND CREDIT SUCCESS PROGRAM
2022
$500
CORPORATE AND COMMUNITY WELLNESS
2022
$50
Unrestricted Grant
2022
$102K
Community Impact
2021
$63K
HOUSING COUNSELING PROGRAM & ADMINISTRATION
2021
$56K
HOUSING STABILIZATION (FORECLOSURE & EVICTION)
2021
$34K
HUMAN SERVICES
2021
$29K
HOMELESSNESS PREVENTION
2021
$15K
HOMEOWNERSHIP AND CREDIT SUCCESS PROGRAM
2021
$12K
HOUSING STABILIZATION (RENTER STABILIZATION/EVICTION PREVENTION & HOMEOWNER ASSISTANCE/FORECLOSURE PREVENTION)
2021
$10K
EXEMPT PURPOSE
2021
$620K
EXEMPT PURPOSE
2020
$164K
Community Impact
2020
$81K
AFFORDABLE HOUSING AND PREVENTING HOMELESSNESS; COVID GRANTS
2020
$72K
HOUSING COUNSELING, FORECLOSURE PROGRAM
2020
$65K
Flexing Civic Muscle Two
2020
$30K
FOR GENERAL OPERATING SUPPORT
2020
$27K
HOMELESSNESS PREVENTION
2020
$18K
GREATER SPRINGFIELD HOUSING STUDY
2020
$15K
HOMEOWNERSHIP AND CREDIT SUCCESS PROGRAM
2020
$3K
GENERAL PURPOSE
2020
$250
CORPORATE AND COMMUNITY WELLNESS PRO
2020
$50K
WAY FINDERS CAPITAL CAMPAIGN
2019
$41K
TCI GRANT REIMBURSEMENT
2019
$41K
TCI GRANT REIMBURSEMENT
2019
$26K
HOMELESSNESS PREVENTION
2019
$10K
HOMEOWNERSHIP AND CREDIT SUCCESS PROGRAM
2019
$150K
TEMPORARILY RESTRICTED
2018
$35K
TCI GRANT REIMBURSEMENT
2018
$25K
PROGRAM SUPPORT
2018
$3K
PROGRAM/OPERATING SUPPORT
2018
$3K
PROGRAM/OPERATING SUPPORT
2018
$346K
EXPENDABLE GRANTS
2017
$38K
TCI GRANT REIMBURSEMENT
2017

Funded by

$14.6M from 30 funders · 85 grants · 2017–2024

American Online Giving Foundation Inc

$5.5M · 6 grants · 2019–2024

Neighborhood Reinvestment Corporation

$3.4M · 9 grants · 2017–2023

Massmutual Foundation Inc

$2.8M · 3 grants · 2020–2023

1780 Hchq Inc

$634K · 1 grant · 2024

United Way Of Massachusetts Bay Inc

$561K · 4 grants · 2020–2023

The Housing Partnership Network Inc

$382K · 10 grants · 2020–2024

Point32Health Foundation Inc

$226K · 3 grants · 2020–2024

Community Foundation Of Western

$209K · 5 grants · 2019–2023

Details

EIN042518368
NTEE codeL210
Subsection03
Ruling date1994-04
Formed1972
Employees461
Volunteers75
WAY FINDERS INC — Mission, Financials & Grants Received | Grantivo