Nonprofit · EIN 04-2483322
HEARTHWAY INC
Tax-exempt · PITTSFIELD, MA 01201
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $20,858,022 | $20,834,500 | $23,522 | $19,252,477 | $10,175,933 | $9,076,544 |
| June 30, 2024 | 990 | $3,744,372 | $3,487,679 | $256,693 | $8,274,911 | $634,433 | $7,640,478 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $957,177
- of which government grants
- $930,763
- Program service revenue
- $19,693,917
- Investment income
- $45,023
- Other revenue
- $161,905
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $2,111,296
- Salaries, compensation and benefits (total)
- $2,683,842
- Professional fundraising fees
- $0
- Legal fees
- $9,089
- Accounting fees
- $78,275
- Occupancy
- $200,282
- Travel
- $37,236
- Depreciation
- $25,462
- Program services (functional)
- $18,529,647
- Management and general (functional)
- $2,268,928
- Fundraising (functional)
- $35,925
Balance sheet and other
- Total assets, start of year
- $8,274,911
- Total assets, end of year
- $19,252,477
- Total liabilities, end of year
- $10,175,933
- Net assets, end of year
- $9,076,544
- Land, buildings and equipment
- $653,784
- Net assets without donor restrictions
- $9,076,544
- Gross receipts
- $20,858,022
- Employees
- 92
- Volunteers
- 0
- Year formed
- 1971
- State of legal domicile
- MA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| EILEEN PELTIER | PRESIDENT Trustee or director, Officer | 40 | $172,239 | $0 | $17,443 |
| ALLISON MAXFIELD | CFO Officer | 40 | $81,261 | $82,061 | $6,533 |
| MATTHEW KROPKE | DIRECTOR OF REAL ESTATE DEVELOPMENT Highest-paid employee | 40 | $115,431 | $0 | $28,520 |
| KRISTIN COYNE | DIRECTOR OF PORTFOLIO OPERATIONS Highest-paid employee | 40 | $58,392 | $58,816 | $4,488 |
| MICHAEL BARBIERI | CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 | $0 |
| STEVE OWENS | TREASURER Trustee or director, Officer | 0 | $0 | $0 | $0 |
| JAY SACCHETTI | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| SHAUN MAHONEY | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| MATTHEW EMPRIMO | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| LISA TRYBUS | VICE CHAIR Trustee or director | 0 | $0 | $0 | $0 |
| AMBER BESAW | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| REV MIKE DENTON | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| REBEKAH DAWSON | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| MIKE WYNN | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
| CHERYL TRIPP-CLEVELAND | DIRECTOR Trustee or director | 0 | $0 | $0 | $0 |
990 for the year ended June 30, 2024: 12 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| EILEEN PELTIER | President Officer | 40 | $204,000 | $17,978 |
| MICHAEL DENTON | Director Trustee or director | 0 | $0 | $0 |
| MICHAEL BARBIERI | VICE CHAIRMAN Trustee or director, Officer | 0 | $0 | $0 |
| MATT EMPRIMO | Director Trustee or director | 0 | $0 | $0 |
| SHAUN MAHONEY | Director Trustee or director | 0 | $0 | $0 |
| MICHAEL WYNN | Director Trustee or director | 0 | $0 | $0 |
| ARTHUR MILANO | Chairman Trustee or director, Officer | 0 | $0 | $0 |
| JAY SACCHETTI | CLERK Trustee or director, Officer | 0 | $0 | $0 |
| CYNTHIA CARDELI | Director Trustee or director | 0 | $0 | $0 |
| STEVEN OWENS | Treasurer Trustee or director, Officer | 0 | $0 | $0 |
| LISA TRYBUS | Director Trustee or director | 0 | $0 | $0 |
| AMBER BESAW | Director Trustee or director | 0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1 FENN ST STE 3, PITTSFIELD, MA 01201-6279
- Principal officer (990 for 2024)
- EILEEN PELTIER, 1 FENN STREET, PITTSFIELD, MA 01201
- Signed the 990
- EILEEN PELTIER, PRESIDENT
- Phone
- (413) 499-1630
- Website
- HEARTHWAY.ORG
- Return prepared by
- CBIZ ADVISORS LLC
Mission
DEVELOPMENT AND OPERATION OF HOUSING AND COMMUNITY DEVELOPMENT PROJECTS AND PROGRAMS THAT BENEFIT LOW AND MODERATE INCOME PEOPLE. MOST SIGNIFICANT CURRENT ACTIVITIES ARE DEVELOPING AFFORDABLE HOUSING, ADMINISTERING THE SECTION 8 HCV PROGRAM, ADMINISTERING HOUSING ASSISTANCE PROGRAMS INCLUDING RAFT, HOMEBASE AND NEIGHBOR TO NEIGHBOR AND OPERATING THE REGION.
Program accomplishments
- HEARTHWAY ADMINISTERS FEDERALLY AND STATE FUNDED RENTAL HOUSING PROGRAMS THAT PROVIDE DIRECT RENTAL SUBSIDIES TO LOW-INCOME HOUSEHOLDS THROUGHOUT BERKSHIRE COUNTY. THESE PROGRAMS ARE DESIGNED TO MAKE SAFE, DECENT, AND AFFORDABLE HOUSING ACCESSIBLE TO INDIVIDUALS AND FAMILIES WITH LIMITED FINANCIAL RESOURCE, INCLUDING SENIORS, PERSONS WITH DISABILITIES, AND OTHER VULNERABLE POPULATIONS.Expenses $10,884,831 · revenue $10,985,830
- HEARTHWAY OPERATES A REGIONAL HOUSING CONSUMER EDUCATION CENTER (HCEC) AND ADMINISTERS FINANCIAL ASSISTANCE PROGRAMS, INCLUDING RESIDENTIAL ASSISTANCE FOR FAMILIES IN TRANSITION (RAFT) AND HOMEBASE, TO HELP LOW-INCOME INDIVIDUALS AND FAMILIES IN BERKSHIRE COUNTY OBTAIN AND MAINTAIN STABLE HOUSING. THESE PROGRAM PROVIDE HOUSING COUNSELING, LANDLORD MEDIATION, HOUSING SEARCH ASSISTANCE, AND SHORT-TERM FINANCIAL ASSISTANCE FOR ELIGIBILITY HOUSING-RELATED EXPENSES. SERVICES ARE DESIGNED TO PREVENT HOMELESSNESS, SUPPORT HOUSEHOLDS EXITING SHELTER, AND PROMOTE LONG-TERM HOUSING STABILITY FOR FAMILIES AND INDIVIDUALS FACING HOUSING CRISES.Expenses $6,061,698 · revenue $6,373,502
- HEARTHWAY DEVELOPS, OWNS, AND MANAGES AFFORDABLE HOUSING FOR LOW-AND MODERATE-INCOME HOUSEHOLDS THROUGHOUT BERKSHIRE COUNTY. PROGRAM ACTIVITIES INCLUDE IDENTIFYING DEVELOPMENT OPPORTUNITIES, SECURING FINANCING FROM FEDERAL, STATE AND PRIVATE SOURCES, OVERSEEING CONSTRUCTION AND REHABILITATION, AND MANAGING RESIDENTIAL PROPERTIES TO ENSURE THEY REMAIN SAFE, WELL-MAINTAINED, AND AFFORDABLE OVER THE LONG TERM. IN ADDITION TO PROPERTY MANAGEMENT, THE ORGANIZATION PROVIDES RESIDENT SERVICES DESIGNED TO SUPPORT HOUSING STABILITY AND IMPROVE QUALITY OF LIFE. THROUGH THE INTEGRATION OF HOUSING DEVELOPMENT, PROPERTY OPERATIONS, AND SERVICE-ENRICHED HOUSING, THE ORGANIZATION PROMOTES STABLE HOUSING AND STRONGER COMMUNITIES.Expenses $1,583,118 · revenue $2,541,513
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 04-2483322
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $19,252,477
- Income (IRS master file)
- $20,858,022
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $20,858,022 | $20,834,500 | $19,252,477 | IRS |
| 990 | June 2024 | $3,744,372 | $3,487,679 | $8,274,911 | XML |
| 990 | June 2023 | $2,702,603 | $2,783,516 | $8,354,932 | IRS |
| 990 | June 2022 | – | – | – | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 04-2483322).
Questions about HEARTHWAY INC
- What is the EIN of HEARTHWAY INC?
- The employer identification number (EIN) of HEARTHWAY INC is 04-2483322.
- Is HEARTHWAY INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2015.
- Are donations to HEARTHWAY INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does HEARTHWAY INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of HEARTHWAY INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did HEARTHWAY INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of HEARTHWAY INC?
- The 990 for the year ended June 30, 2025 names EILEEN PELTIER.
- Who are the officers and directors of HEARTHWAY INC?
- The 990 for the year ended June 30, 2025 lists 15 people; 4 received compensation from the organization, the highest $172,239 (EILEEN PELTIER, PRESIDENT).
- How much revenue does HEARTHWAY INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $20,858,022, expenses of $20,834,500 and total assets of $19,252,477 at year end.
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- BERKSHIRE FUND INC EIN 04-2483221 · last filed 990 for 2024
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All nonprofits in PITTSFIELD · Massachusetts · Housing and shelter