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Way Finders Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 042518368 ✦ Springfield, MA ✦ Designated as a 501(c)(3)

Overview

What is Way Finders Inc?

Way Finders Inc is a Massachusetts-based, not-for-profit organization situated at 1780 Main Street, Springfield. Their mission revolves around providing housing assistance and technical support to low-income and disabled individuals in Western Massachusetts. Established to promote affordable housing opportunities, Way Finders aims to empower people with education and essential services, enabling them to improve their future. They operate rental assistance programs, funded by federal and state grants, which provide supplementary rent payments to eligible households. In addition to housing assistance, Way Finders offers a range of supportive services to those enrolled in their rental assistance programs. Their goal is to foster vibrant, diverse communities by uplifting individuals towards self-sufficiency. The organization's workforce comprises 399 dedicated employees.


Official website here: www.wayfinders.org

Is Way Finders Inc legitimate?

Way Finders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Way Finders Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $1,100,657
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,702,989

For more financial information, click here


Official website here: www.wayfinders.org

What is the mission statement of Way Finders Inc?

Way Finders Inc is a not-for-profit organization dedicated to helping low-income and disabled individuals in achieving better futures. Through its mission, the organization provides affordable housing opportunities and offers educational and support services. Way Finders enables people to thrive by providing rent supplements to qualified households under federal and state subsidized programs. Additionally, they offer a range of supportive services to those participating in their rental assistance programs.


Official website here: www.wayfinders.org

Who is the CEO of Way Finders Inc?

Derek J Morris is the Director of Way Finders Inc. The CEO's salary of Way Finders Inc is $128,197 and their total compensation is $138,911.


Official website here: www.wayfinders.org

What is the revenue of Way Finders Inc?

Way Finders Inc's revenue in 2022 was $168,594,430.


Official website here: www.wayfinders.org

Who are the executives of Way Finders Inc and what are their salaries?

The average compensation at Way Finders Inc during 2022 was $39,608. There are 399 employees and 100 volunteers at Way Finders Inc.

Here are 30 key members and their salaries (Way Finders Inc's CEO's salary is $128,197 and their total compensation is $138,911):

    Keith Fairey (President And Ceo)
  • Compensation: $218,619
  • Related: $0
  • Other: $16,405

    • Nancy Rivera (Sr. Vp Of Rental Assistanc)
  • Compensation: $185,914
  • Related: $0
  • Other: $4,308

    • Laureen Borgatti (Chief Operating Officer)
  • Compensation: $157,158
  • Related: $0
  • Other: $17,143

    • Derek J Morris (Chief Financial Officer)
  • Compensation: $151,720
  • Related: $0
  • Other: $21,149

    • Pascale Desir Non-Voting (Asst. Secretary & Chief Le) [Trustee/Director]
  • Compensation: $145,079
  • Related: $0
  • Other: $10,112

    • Megan Talbert (Chief Development Officer)
  • Compensation: $131,101
  • Related: $0
  • Other: $16,208

    • Janette Vigo (Chief Program Officer)
  • Compensation: $128,256
  • Related: $0
  • Other: $18,146

    • Diane Smith (Chief Real Estate Officer)
  • Compensation: $137,923
  • Related: $0
  • Other: $1,716

    • Peter Gagliardi (Former President & Ceo)
  • Compensation: $128,197
  • Related: $0
  • Other: $10,714

    • Anni Zhu (Chief Of Staff)
  • Compensation: $36,429
  • Related: $0
  • Other: $270

    • Leeann Pasquini (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Fraga (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Broderick (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Glenn Welch (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • James Sherbo (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rondey Allen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Brenda Doherty (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Marta Alverez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Erica True (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Leonard Underwood (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clare Higgins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Adlyn Colon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Karon Tyler (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rosemary Morin (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Lidya Rivera-Early (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jasmine Matta-Naylor (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • George D Rosa (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jim Hickson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Denise Cogman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Clare Higgins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.wayfinders.org

    Where can I find the form 990 for Way Finders Inc?

    The Way Finders Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.wayfinders.org

    Learn more at the official website: www.wayfinders.org

    Mission Statement of Way Finders Inc

    Way Finders Inc, a not-for-profit organization, is committed to helping low-income and disabled individuals in Western Massachusetts. The mission of Way Finders Inc is twofold: providing affordable housing opportunities and offering education and support to enable people to improve their living conditions and build a better future.

    Through its rental assistance programs, Way Finders Inc offers financial aid to eligible low-income households by supplementing their rent. This assistance is made possible through funding from federal and state resources. In addition to monetary aid, Way Finders Inc provides various supportive services to participants of the rental assistance program, ensuring they receive the necessary resources to thrive.

    Way Finders Inc's housing assistance initiatives promote the growth of vibrant, diverse communities by empowering individuals to overcome financial and personal challenges. The organization's dedication to affordable housing and comprehensive support is essential in fostering self-sufficiency and a brighter future for those in need.

    Impact

    This information is meant to be a general summary of Way Finders Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Way Finders Inc's impact can be seen in its provision of affordable housing opportunities, education, and support to low-income and disabled individuals in Western Massachusetts. By offering rental assistance programs subsidized by federal and state funds, the organization helps qualified households access safe and stable housing. Additionally, Way Finders Inc provides a variety of supportive services to rental assistance participants, empowering them to build a better future. Through its mission of promoting vibrant, diverse communities, Way Finders Inc plays a crucial role in addressing housing insecurity and fostering community well-being in the region.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $367,900
  • Program Service Revenue: $2,129,893
  • Gross Receipts: $168,594,430

    • Assets and Liabilities:
  • Total Assets: $56,219,602
  • Total Liabilities: $38,920,475
  • Net Assets: $17,299,127
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    PROPERTY MANAGEMENT REVENUE

    Revenue

    $755,976

    RENTAL REVENUE

    Revenue

    $610,410

    REAL ESTATE DEVELOPMENT REVENUE

    Revenue

    $393,997

    Organization Details

    Founding Year

    1972

    Principal Officer

    Derek J Morris

    Main Address

    1780 MAIN STREET, SPRINGFIELD, MA, 01103

    NTEE Category

    Code: L80 - Housing

    If you are a representative of Way Finders Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.