EIN 04-2518368

Way Finders

IRS 501(c) type
501(c)(3)
Num. employees
399
Year formed
1972
Most recent tax filings
2022-06-01
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
$168,594,430
2022
Total expenses
$168,385,357
2022
Total assets
$56,219,602
2022
Num. employees
399
2022

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
Square One / Springfield Day Nursery CorporationMomsquad for Homeless Families$50,000
Massachusetts Fair Housing CenterFair Housing Education$27,303

Who funds Way Finders

Grants from foundations and other nonprofits
GrantmakerDescriptionAmount
MassMutual FoundationExempt Purpose$2,090,000
American Online Giving FoundationGeneral Support$594,162
NeighborWorks AmericaGeneral Support$557,000
...and 15 more grants received

Personnel at Way Finders

NameTitleCompensation
Keith FaireyPresident and Chief Executive Officer$218,619
Laureen BorgattiChief Operating Officer$157,158
Derek J. MorrosChief Financial Officer$151,720
Anni ZhuChief of Staff$36,429
Megan TalbertChief Development Officer$131,101
...and 21 more key personnel

Financials for Way Finders

RevenuesFYE 06/2022
Total grants, contributions, etc.$166,096,637
Program services$2,129,893
Investment income and dividends$367,900
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$168,594,430

Form 990s for Way Finders

Fiscal year endingDate received by IRSFormPDF link
2022-062023-05-05990View PDF
2021-062022-03-29990View PDF
2020-062021-05-26990View PDF
2019-062021-01-28990View PDF
2018-062019-07-05990View PDF
...and 9 more Form 990s
Data update history
January 2, 2024
Received grants
Identified 3 new grant, including a grant for $2,090,000 from MassMutual Foundation
October 24, 2023
Received grants
Identified 15 new grant, including a grant for $594,162 from American Online Giving Foundation
July 12, 2023
Used new vendors
Identified 23 new vendors, including , , , , , , , , , , , , , , , , , , , , , , and
July 11, 2023
Posted financials
Added Form 990 for fiscal year 2022
July 3, 2023
Updated personnel
Identified 2 new personnel
Nonprofit Types
Developmentally disabled centersHousing and shelter organizationsHeadquarter / parent organizationsCharities
Issues
Human servicesHousingHomelessnessDevelopmentally disabled
Characteristics
Political advocacyLobbyingReceives government fundingTax deductible 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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