EIN 04-2518368

Way Finders

IRS 501(c) type
501(c)(3)
Num. employees
441
Year formed
1972
Most recent tax filings
2023-06-01
Description
Way Finders provides more than housing, we build communities. We work to make sure all people have safe, secure places to live.
Also known as...
Hap Inc
Total revenues
$113,124,627
2023
Total expenses
$112,785,347
2023
Total assets
$69,807,818
2023
Num. employees
441
2023

Program areas at Way Finders

Rental assistance programs provide rent supplements to qualified low-income households under programs subsidized by federal and state funds. A variety of supportive services are provided to rental assistance participants.
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.
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.
Rental properties provide afforable housing to eligible tenants under short-term operating leases. Rental properties include properties wholly owned by Way Finders.
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.

Grants made by Way Finders

GranteeGrant descriptionAmount
Enlace de Familias de Holyoke Holyoke Family NetworkRaft Applications$72,200
Square One / Springfield Day Nursery CorporationLearn and Earn Program$50,000
Springfield Partners for Community ActionRaft Applications$36,000
...and 3 more grants made

Who funds Way Finders

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
American Online Giving FoundationGeneral Support$2,091,395
MassMutual FoundationExempt Purpose$2,090,000
NeighborWorks AmericaGeneral Support$452,750
...and 17 more grants received

Personnel at Way Finders

NameTitleCompensation
Keith FaireyPresident and Chief Executive Officer$222,645
Laureen BorgattiChief Operating Officer / Chief of Staff and Chief Administrative Officer$159,870
Derek J MorrisChief Financial Officer$155,185
Anni ZhuChief of Staff$122,761
John BidwellChief Development Officer$0
...and 23 more key personnel

Financials for Way Finders

RevenuesFYE 06/2023
Total grants, contributions, etc.$109,970,734
Program services$2,792,728
Investment income and dividends$361,165
Tax-exempt bond proceeds$0
Royalty revenue$0
Net rental income$0
Net gain from sale of non-inventory assets$0
Net income from fundraising events$0
Net income from gaming activities$0
Net income from sales of inventory$0
Miscellaneous revenues$0
Total revenues$113,124,627

Form 990s for Way Finders

Fiscal year endingDate received by IRSFormPDF link
2023-062024-05-01990View PDF
2022-062023-05-05990View PDF
2021-062022-03-29990View PDF
2020-062021-05-26990View PDF
2019-062021-01-28990View PDF
...and 10 more Form 990s
Data update history
August 12, 2024
Updated personnel
Identified 4 new personnel
July 19, 2024
Posted financials
Added Form 990 for fiscal year 2023
July 16, 2024
Used new vendors
Identified 1 new vendor, including
July 15, 2024
Received grants
Identified 2 new grant, including a grant for $21,867 from United Way of Massachusetts Bay and Merrimack Valley
May 19, 2024
Received grants
Identified 4 new grant, including a grant for $2,091,395 from American Online Giving Foundation
Nonprofit Types
Grantmaking organizationsDevelopmentally disabled centersHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousingHomelessnessDevelopmentally disabled
Characteristics
Political advocacyLobbyingReceives government fundingCommunity engagement / volunteeringTax deductible donationsAccepts online donations
General information
Address
1780 Main St
Springfield, MA 01103
Metro area
Springfield, MA
County
Hampden County, MA
Website URL
wayfinders.org/ 
Phone
(413) 233-1500
Facebook page
WayFindersMA 
IRS details
EIN
04-2518368
Fiscal year end
June
Taxreturn type
Form 990
Year formed
1972
Eligible to receive tax-deductible contributions (Pub 78)
Yes
Categorization
NTEE code, primary
L80: Housing Support Services
NAICS code, primary
623210: Residential Intellectual and Developmental Disability Facilities
Parent/child status
Central organization
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