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Way Finders Inc

Foundation · Grantmaker Springfield, MA EIN: 04-2518368 Website

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

Key facts about Way Finders Inc

EIN
04-2518368
Latest 990 filing
Form 990-PF, 2024
Annual giving (2024)
$435,400
Grants made (2024)
5
Average grant
$87,080
Median grant
$86,000
Total assets
$71,013,532
Primary geography
Massachusetts (100% of itemized 2024 grant dollars)

Data from IRS Form 990-PF, 2024; updated September 2026.

Who Way Finders Inc funds

By grant dollars, the top recipient states for Way Finders Inc's 5 itemized 2024 grants were Massachusetts (100%). The most frequent recipient cities were Holyoke, MA (2 grants). None of its 5 grants with a stated purpose were described as general or operating support. Recurring purposes include "Raft Applications" (4 grants).

How Way Finders Inc gives

  • Giving grew 145% from 2021 to 2024. Method

From the foundation's IRS Form 990-PF filings. Methodology.

Next steps with Way Finders Inc

Financial Overview

From 2024 IRS Form 990-PF · View filing

Total Assets

$71.0M

+1.7% YoY

Annual Giving

$435K

+90.6% YoY

Grant Count

5

-28.6% YoY

Avg Grant Size

$87K

+166.9% YoY

About Way Finders Inc

Based on IRS filings

Way Finders Inc is a nonprofit organization focused on Housing & Shelter, based in Springfield, MA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $71.0M in total assets. In 2024, it awarded 5 grants totaling $435K. Net investment income was $5.2M.

Focus Areas

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Geographic Focus

Where this funder awards grants

Grant Distribution by State

1state

Share of all 5 itemized 2024 grant dollars.

Cities

SpringfieldHolyokeAmherstBostonChicopeePittsfieldTurner FallsWare

Financial History

Multi-year comparison from IRS filings

Revenue
Expenses
Qualifying Distributions
Net Investment Income
$0$46M$93M$139M$185M20202021202220232024
Metric202420232022
Total Assets$71,013,532$69,807,818$56,219,602
Revenue$129,839,663$113,124,627$168,594,430
Expenses$129,290,056$112,785,347$168,385,357
Qualifying Distributions———
Net Investment Income$5,235,716$361,165$367,900
Distributable Amount———

Data update history

When this profile's IRS filing data changed on Grantable

  1. IRS filings on file for fiscal years 2020–2024

Giving Over Time

Total grant dollars and number of grants per year

$0$188K$376K$564K$752K10 grants20205 grants20212 grants20227 grants20235 grants2024

Grant Insights

How this funder distributes its grants

Top Recipients

Top 5 recipients in 2024

Enlace De Familias Holyokeholyoke Family Network Inc: $177KEnlace De FamiliasHolyokeholyoke Family Network…$177KSpringfield Partners for Community Action Inc: $123KSpringfield Partners forCommunity Action Inc$123KAmherst Community Connections Inc: $86KAmherst Community ConnectionsInc$86KMassachusetts Fair Housing Center: $41KMassachusetts Fair HousingCenter$41KQuabbin Valley Community Development Corporation: $8KQuabbin Valley CommunityDevelopment Corporation$8K

Grant Size Distribution

29 grants across all recorded years

19<$50K7$50–100K2$100–250K1$250–500K$500K–1M$1–5M$5M+

Giving History

Grant recipients and amounts by year

Among its reported 2024 grants, the largest recipients include Enlace De Familias Holyokeholyoke Family Network Inc ($177,000), Springfield Partners for Community Action Inc ($123,200), Amherst Community Connections Inc ($86,000).

RecipientPurposeAmount
ENLACE DE FAMILIAS HOLYOKEHOLYOKE FAMILY NETWORK INC Holyoke, MARAFT APPLICATIONS$177,000
SPRINGFIELD PARTNERS FOR COMMUNITY ACTION INC Springfield, MARAFT APPLICATIONS$123,200
AMHERST COMMUNITY CONNECTIONS INC Amherst, MARAFT APPLICATIONS$86,000
MASSACHUSETTS FAIR HOUSING CENTER Holyoke, MAFAIR HOUSING EDUCATION$41,000
QUABBIN VALLEY COMMUNITY DEVELOPMENT CORPORATION Ware, MARAFT APPLICATIONS$8,200

Leadership & Key People

Officers and directors from IRS filings

Compensation Overview

From 2024 IRS filing

Keith Fairey — President and CEO: $227KKeith FaireyPresident and CEO$227KLaureen Borgatti — Chief Operating Officer: $163KLaureen BorgattiChief Operating Officer$163KDerek J Morris — Chief Financial Officer: $163KDerek J MorrisChief Financial Officer$163KPascale Desir Non-Voting — Asst. Secretary & Chief Le: $150KPascale Desir Non-VotingAsst. Secretary & Chief Le$150KErica Simmonette — Chief People & Administrative Officers: $132KErica SimmonetteChief People & Administrative…$132KJanette Vigo — Chief Program Officer: $130KJanette VigoChief Program Officer$130KJohn Bidwell — Chief Development Officer: $128KJohn BidwellChief Development Officer$128KAnni Zhu — Chief of Staff: $117KAnni ZhuChief of Staff$117K

From 2024 IRS filing

NameTitleHoursCompensation
Amber CoughlinDirector2—
Andrew MoorehouseDirector2—
Jim BroderickDirector2—
Jenna TetreaultDirector2—
Alice RaymondDirector2—
Rondey AllenDirector2—
Harry MontalvoDirector2—
Marta AlverezDirector2—
Erica TrueVice Chairperson2—
Leonard UnderwoodVice Chairperson2—
Adlyn ColonDirector2—
Karon TylerDirector2—
Pascale Desir Non-VotingAsst. Secretary & Chief Le40$149,645
Melissa ProhaskaDirector2—
Jasmine Matta-NaylorChairperson2—
George D RosaTreasurer2—
Jim HicksonDirector2—
Denise CogmanSecretary2—
Derek J MorrisChief Financial Officer40$162,698
Laureen BorgattiChief Operating Officer40$163,446
Janette VigoChief Program Officer40$130,320
Keith FaireyPresident and CEO40$226,569
Anni ZhuChief of Staff40$117,292
John BidwellChief Development Officer40$128,440
Erica SimmonetteChief People & Administrative Officers40$131,710

Subject Areas

Focus areas based on grantmaking activity

Frequently Asked Questions

What is Way Finders Inc?

Way Finders Inc is a nonprofit organization focused on Housing & Shelter, based in Springfield, MA. It holds $71.0M in total assets as of 2024.

How large is Way Finders Inc?

As of 2024, Way Finders Inc holds $71.0M in total assets with $129.8M in annual revenue. It awarded 5 grants totaling $435K in 2024.

Where does Way Finders Inc operate?

Way Finders Inc has awarded grants in Massachusetts.

What size grants does Way Finders Inc award?

In 2024, Way Finders Inc awarded 5 grants totaling $435K — an average of about $87K per grant, based on its IRS Form 990 filings.

What is Way Finders Inc's EIN?

Way Finders Inc's EIN (Employer Identification Number) is 04-2518368. IRS Form 990 filing data is available on this page for 2020–2024.

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Data last updated September 2026. Sourced from IRS Form 990-PF filings.

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