WAY FINDERS INC

EIN: 042518368 501(c)(3) Housing & Shelter

SPRINGFIELD, MA

Total Revenue
$113,124,627
Total Expenses
$112,785,347
Total Assets
$69,807,818
Net Assets
$17,638,407
🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Sign In — Free (10 views/day)

Financial Trends

Organization Details

Formation Year
1972
Legal Domicile
MA
Principal Officer
DEREK J MORRIS
Phone
4132331500
Tax Period
2022-07-01 to 2023-06-30

WAY FINDERS INC, founded in 1972, is a major nonprofit in the Housing & Shelter sector that reported $113.1M in total revenue in fiscal year 2022. Revenue fell 33% from the prior year — a significant decline worth monitoring.

Mission

WAY FINDERS, INC. PROVIDES AFFORDABLE HOUSING OPPORTUNITIES, EDUCATION AND SUPPORT; ENABLING PEOPLE TO ACHIEVE A BETTER FUTURE AND PROMOTING VIBRANT, DIVERSE COMMUNITIES.

Program Service Accomplishments

Program 1
Expenses: $56,031,915 Revenue: $23,673

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...

Read more

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.

Program 2
Expenses: $47,898,773 Revenue: $173,176

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...

Read more

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.

Program 3
Expenses: $3,391,684 Revenue: $2,174,344

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...

Read more

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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Sign In — Free (10 views/day)

Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $109,970,734
Program Service Revenue $2,792,728
Investment Income $361,165
Other Revenue $0
TOTAL REVENUE $113,124,627

Expense Breakdown

Grants Paid $84,202,469
Salaries & Benefits $18,030,809
Fundraising Expenses $424,913
Program Expenses $108,937,785
Other Expenses $10,552,069
TOTAL EXPENSES $112,785,347

Year-over-Year Comparison

2022 2021 Change
Revenue $113,124,627 $168,594,430 -0.3%
Expenses $112,785,347 $168,385,357 -0.3%
Net Income $339,280 $209,073 +0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Sign In

Governance

Voting Members
18
Independent Members
18
Employees
441
Volunteers
113

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
13
$1,164,040
Total Directors
19
$158,623
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
LEE ANN PASQUINI DIRECTOR 2.00
Director
$0 $0 $0
ANDREW MOOREHOUSE DIRECTOR 2.00
Director
$0 $0 $0
JIM BRODERICK DIRECTOR 2.00
Director
$0 $0 $0
JENNA TETREAULT DIRECTOR 2.00
Director
$0 $0 $0
JAMES SHERBO DIRECTOR 2.00
Director
$0 $0 $0
RONDEY ALLEN DIRECTOR 2.00
Director
$0 $0 $0
HARRY MONTALVO DIRECTOR 2.00
Director
$0 $0 $0
MARTA ALVEREZ DIRECTOR 2.00
Director
$0 $0 $0
ERICA TRUE VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
LEONARD UNDERWOOD VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
ADLYN COLON DIRECTOR 2.00
Director
$0 $0 $0
KARON TYLER DIRECTOR 2.00
Director
$0 $0 $0
ROSEMARY MORIN VICE CHAIRPERSON 2.00
Officer Director
$0 $0 $0
PASCALE DESIR NON-VOTING ASST. SECRETARY & CHIEF LE 40.00
Officer Director
$147,745 $10,878 $158,623
LIDYA RIVERA-EARLY DIRECTOR 2.00
Director
$0 $0 $0
JASMINE MATTA-NAYLOR CHAIRPERSON 2.00
Officer Director
$0 $0 $0
GEORGE D ROSA TREASURER 2.00
Officer Director
$0 $0 $0
JIM HICKSON DIRECTOR 2.00
Director
$0 $0 $0
DENISE COGMAN DIRECTOR 2.00
Director
$0 $0 $0
DEREK J MORRIS CHIEF FINANCIAL OFFICER 40.00
Officer
$155,185 $15,674 $170,859
LAUREEN BORGATTI CHIEF OPERATING OFFICER 40.00
Officer
$159,870 $17,574 $177,444
JANETTE VIGO CHIEF PROGRAM OFFICER 40.00
Officer
$126,006 $6,098 $132,104
KEITH FAIREY PRESIDENT AND CEO 40.00
Officer
$222,645 $15,197 $237,842
ANNI ZHU CHIEF OF STAFF 40.00
Officer
$122,761 $5,538 $128,299
DIANE SMITH CHIEF REAL ESTATE OFFICER 40.00
Officer
$152,771 $6,098 $158,869
JOHN BIDWELL CHIEF DEVELOPMENT OFFICER 40.00
Officer
$0 $0 $0
MEGAN TALBERT FORMER CHIEF DEVELOPMENT OFFICER 40.00
$120,945 $13,832 $134,777
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2025 No data No data No data No data
2024 No data No data No data No data
2023 $113,124,627 $112,785,347 $69,807,818 $339,280
2022 $168,594,430 $168,385,357 $56,219,602 $209,073
2021 $108,391,886 $105,109,255 $64,833,045 $3,282,631
2020 $78,199,932 $77,677,458 $50,310,773 $522,474
2019 $81,397,275 $77,895,462 $47,619,733 $3,501,813
2018 $71,634,248 $70,818,652 $34,093,563 $815,596
Explore More Nonprofits
Top 100 Nonprofits in Massachusetts Largest U.S. Nonprofits Best Rated Nonprofits Most Efficient Nonprofits

Compare WAY FINDERS INC with other nonprofits in Massachusetts and across the country.