Nonprofit · EIN 04-2518368
WAY FINDERS INC
Tax-exempt · SPRINGFIELD, MA 01103
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $160,465,214 | $158,349,776 | $2,115,438 | $77,939,713 | $57,636,261 | $20,303,452 |
| June 30, 2024 | 990 | $129,839,663 | $129,290,056 | $549,607 | $71,013,532 | $52,825,518 | $18,188,014 |
| June 30, 2023 | 990 | $113,124,627 | $112,785,347 | $339,280 | $69,807,818 | $52,169,411 | $17,638,407 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $149,796,692
- of which government grants
- $144,473,447
- Program service revenue
- $3,598,750
- Investment income
- $7,069,772
- Net gain from sales of assets
- $6,560,000
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $113,977,713
- Compensation of officers, directors and key employees
- $1,544,536
- Other salaries and wages
- $16,136,831
- Salaries, compensation and benefits (total)
- $22,343,443
- Professional fundraising fees
- $0
- Legal fees
- $55,303
- Accounting fees
- $201,181
- Occupancy
- $1,447,509
- Travel
- $165,911
- Depreciation
- $756,912
- Program services (functional)
- $153,574,944
- Management and general (functional)
- $4,072,540
- Fundraising (functional)
- $702,292
Balance sheet and other
- Total assets, start of year
- $71,013,532
- Total assets, end of year
- $77,939,713
- Total liabilities, end of year
- $57,636,261
- Net assets, end of year
- $20,303,452
- Land, buildings and equipment
- $4,992,091
- Net assets without donor restrictions
- $14,090,875
- Net assets with donor restrictions
- $6,212,577
- Gross receipts
- $160,465,214
- Employees
- 404
- Volunteers
- 157
- Year formed
- 1972
- 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 | Other / benefits |
|---|---|---|---|---|
| KEITH FAIREY | PRESIDENT AND CEO Officer | 40 | $234,175 | $27,576 |
| DEREK J MORRIS | CHIEF FINANCIAL OFFICER Officer | 40 | $172,972 | $17,622 |
| LAUREEN BORGATTI | CHIEF OPERATING OFFICER Officer | 40 | $167,919 | $18,373 |
| PASCALE DESIR NON-VOTING | ASST. SECRETARY & CHIEF LE Trustee or director, Officer | 40 | $163,578 | $10,757 |
| JANETTE VIGO | CHIEF PROGRAM OFFICER Officer | 40 | $144,513 | $19,920 |
| JOHN BIDWELL | CHIEF DEVELOPMENT OFFICER Officer | 40 | $154,618 | $3,539 |
| ANNI ZHU | CHIEF OF STAFF Officer | 40 | $152,851 | $3,453 |
| ERICA SIMMONETTE | CHIEF PEOPLE & ADMINISTRAT Officer | 40 | $142,492 | $7,254 |
| AMBER COUGHLIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW MOOREHOUSE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIM BRODERICK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JANNA TETREAULT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALICE RAYMOND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RONDEY ALLEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HARRY MONTALVO | DIRECTOR Trustee or director | 2 | $0 | $0 |
12 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| MARTA ALVEREZ | DIRECTOR Trustee or director | 2 | $0 |
| ERICA TRUE | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| LEONARD UNDERWOOD | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| ADLYN COLON | DIRECTOR Trustee or director | 2 | $0 |
| KARON TYLER | DIRECTOR Trustee or director | 2 | $0 |
| MELISSA PROHASKA | DIRECTOR Trustee or director | 2 | $0 |
| JASMINE MATTA-NAYLOR | CHAIRPERSON Trustee or director, Officer | 2 | $0 |
| GEORGE D ROSA | TREASURER Trustee or director, Officer | 2 | $0 |
| JIM HICKSON | DIRECTOR Trustee or director | 2 | $0 |
| DENISE COGMAN | SECRETARY Trustee or director, Officer | 2 | $0 |
| JESSICA FRAGA | DIRECTOR Officer | 2 | $0 |
| NICK MACY | DIRECTOR Officer | 2 | $0 |
990 for the year ended June 30, 2024: 25 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH FAIREY | PRESIDENT AND CEO Officer | 40 | $226,569 | $22,838 |
| LAUREEN BORGATTI | CHIEF OPERATING OFFICER Officer | 40 | $163,446 | $14,701 |
| DEREK J MORRIS | CHIEF FINANCIAL OFFICER Officer | 40 | $162,698 | $13,025 |
| PASCALE DESIR NON-VOTING | ASST. SECRETARY & CHIEF LE Trustee or director, Officer | 40 | $149,645 | $7,880 |
| ERICA SIMMONETTE | CHIEF PEOPLE & ADMINISTRATIVE OFFICERS Officer | 40 | $131,710 | $16,903 |
| JANETTE VIGO | CHIEF PROGRAM OFFICER Officer | 40 | $130,320 | $16,402 |
| JOHN BIDWELL | CHIEF DEVELOPMENT OFFICER Officer | 40 | $128,440 | $868 |
| ANNI ZHU | CHIEF OF STAFF Officer | 40 | $117,292 | $2,365 |
| AMBER COUGHLIN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW MOOREHOUSE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIM BRODERICK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNA TETREAULT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ALICE RAYMOND | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RONDEY ALLEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HARRY MONTALVO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARTA ALVEREZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERICA TRUE | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| LEONARD UNDERWOOD | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| ADLYN COLON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KARON TYLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MELISSA PROHASKA | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JASMINE MATTA-NAYLOR | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| GEORGE D ROSA | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JIM HICKSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DENISE COGMAN | SECRETARY Trustee or director, Officer | 2 | $0 | $0 |
990 for the year ended June 30, 2023: 27 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| KEITH FAIREY | PRESIDENT AND CEO Officer | 40 | $222,645 | $15,197 |
| LAUREEN BORGATTI | CHIEF OPERATING OFFICER Officer | 40 | $159,870 | $17,574 |
| DEREK J MORRIS | CHIEF FINANCIAL OFFICER Officer | 40 | $155,185 | $15,674 |
| DIANE SMITH | CHIEF REAL ESTATE OFFICER Officer | 40 | $152,771 | $6,098 |
| PASCALE DESIR NON-VOTING | ASST. SECRETARY & CHIEF LE Trustee or director, Officer | 40 | $147,745 | $10,878 |
| MEGAN TALBERT | FORMER CHIEF DEVELOPMENT OFFICER Former | 40 | $120,945 | $13,832 |
| JANETTE VIGO | CHIEF PROGRAM OFFICER Officer | 40 | $126,006 | $6,098 |
| ANNI ZHU | CHIEF OF STAFF Officer | 40 | $122,761 | $5,538 |
| LEE ANN PASQUINI | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ANDREW MOOREHOUSE | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JIM BRODERICK | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JENNA TETREAULT | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JAMES SHERBO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| RONDEY ALLEN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| HARRY MONTALVO | DIRECTOR Trustee or director | 2 | $0 | $0 |
| MARTA ALVEREZ | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ERICA TRUE | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| LEONARD UNDERWOOD | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| ADLYN COLON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| KARON TYLER | DIRECTOR Trustee or director | 2 | $0 | $0 |
| ROSEMARY MORIN | VICE CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| LIDYA RIVERA-EARLY | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JASMINE MATTA-NAYLOR | CHAIRPERSON Trustee or director, Officer | 2 | $0 | $0 |
| GEORGE D ROSA | TREASURER Trustee or director, Officer | 2 | $0 | $0 |
| JIM HICKSON | DIRECTOR Trustee or director | 2 | $0 | $0 |
| DENISE COGMAN | DIRECTOR Trustee or director | 2 | $0 | $0 |
| JOHN BIDWELL | CHIEF DEVELOPMENT OFFICER Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 1780 MAIN ST, SPRINGFIELD, MA 01103-1000
- Principal officer (990 for 2024)
- DEREK J MORRIS, 1780 MAIN STREET, SPRINGFIELD, MA 01103
- Signed the 990
- DEREK J MORRIS, CFO
- Phone
- (413) 233-1500
- Website
- WWW.WAYFINDERS.ORG
- Return prepared by
- DANIEL DENNIS AND COMPANY LLP
Mission
WAY FINDERS, INC. PROVIDES AFFORDABLE HOUSING OPPORTUNITIES, EDUCATION AND SUPPORT; ENABLING PEOPLE TO ACHIEVE A BETTER FUTURE AND PROMOTING VIBRANT, DIVERSE COMMUNITIES.
Program accomplishments
- 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.Expenses $76,780,176 · grants $70,819,927 · revenue $39,157
- 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 $62,890,449 · grants $43,152,786 · revenue $387,198
- 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 $11,751,767 · revenue $8,941,422
- RENTAL PROPERTIES PROVIDE AFFORABLE HOUSING TO ELIGIBLE TENANTS UNDER SHORT-TERM OPERATING LEASES. RENTAL PROPERTIES INCLUDE PROPERTIES WHOLLY OWNED BY WAY FINDERS.Expenses $1,396,717 · revenue $976,601
- 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 $755,835 · grants $5,000 · revenue $72,564
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
- 04-2518368
- 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
- 1994
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L210)
- Assets (IRS master file)
- $77,939,713
- Income (IRS master file)
- $160,465,214
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $160,465,214 | $158,349,776 | $77,939,713 | IRS |
| 990 | June 2024 | $129,839,663 | $129,290,056 | $71,013,532 | IRS |
| 990 | June 2023 | $113,124,627 | $112,785,347 | $69,807,818 | XML |
| 990 | June 2022 | $168,594,430 | $168,385,357 | $56,219,602 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2020 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | 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 04-2518368).
Questions about WAY FINDERS INC
- What is the EIN of WAY FINDERS INC?
- The employer identification number (EIN) of WAY FINDERS INC is 04-2518368.
- Is WAY FINDERS INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1994.
- Are donations to WAY FINDERS INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WAY FINDERS 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 WAY FINDERS 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 WAY FINDERS 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 WAY FINDERS INC?
- The 990 for the year ended June 30, 2025 names DEREK J MORRIS.
- Who are the officers and directors of WAY FINDERS INC?
- The 990 for the year ended June 30, 2025 lists 27 people; 8 received compensation from the organization, the highest $234,175 (KEITH FAIREY, PRESIDENT AND CEO).
- How much revenue does WAY FINDERS INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $160,465,214, expenses of $158,349,776 and total assets of $77,939,713 at year end.
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All nonprofits in SPRINGFIELD · Massachusetts · Housing and shelter