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Charity Math
The 990 read · EIN 04-2518368 · MA · Fiscal year FY ending Jun 2025

Way Finders

Way Finders Inc: CEO salary, finances and where donations go

In its own words

“Way Finders, inc. Is a not-for-profit organization established to provide housing assistance and technical assistance to low-income and disabled individuals in western massachusetts.”

Data only Figures straight from the filing, screened by our rules. Not yet reviewed in depth by a CPA.

Methodology by Amir Arani, CPA, CA · Updated

Top pay
$234K Keith Fairey, 0.1% of spending
Revenue
$160.5M 93.4% from donations and grants
Spent
$158.3M 97% on programs, as reported
Net assets
$20.3M end of FY ending Jun 2025
Savings
1.5 months of spending, net assets ÷ spending
People
404 employees, 157 volunteers
Form 990 (FY ending Jun 2025), Parts I, VII, IX, X
01 · Red flags

No red flags in its latest filing.

We screen every filing against twelve rules. A flag is a prompt for a closer look, not a finding of wrongdoing.

No reported asset diversions, no insider transactions, no fundraisers keeping most of the money, and the governance policies we check for are in place.

02 · Where $1 goes · FY ending Jun 2025

Of each dollar it spent, 97.0¢ went to programs, as reported.

The split the charity filed.
97.0¢
Programs, $153.6M
0.4¢
Fundraising, $702K
2.6¢
Admin, $4.1M
Form 990 (FY ending Jun 2025), Part IX, line 25
Cost to raise $1
0¢
as reported

For each dollar donated, Way Finders spent 0¢ on fundraising.

Fundraising ÷ $149.8M contributions · Form 990 Parts VIII, IX
03 · What it does

What it told the IRS it spent on.

The charity's own description of its largest programs, with what each cost.

Program 1 · 40.9% of program spending · $43.2M in grants $62.9M

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 2 · 7.7% of program spending $11.8M

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…

Program 3 · 0.9% of program spending $1.4M

Rental properties provide afforable housing to eligible tenants under short-term operating leases. Rental properties include properties wholly owned by way finders.

Program 4 · 0.5% of program spending · $5K in grants $756K

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.

Form 990 (FY ending Jun 2025), Part III
04 · The savings

Net assets: $8.6M to $20.3M in 11 years.

Net assets at each fiscal year end, 2013 to 2025.

Net assets at year end, $ millions
9
10
10
9
9
10
13
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17
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20
Form 990 history via ProPublicaForm 990 (FY ending Jun 2025)
05 · Who gets paid

The 8 highest-paid people.

Reportable pay in FY ending Jun 2025, from the charity and related organizations.

Keith Fairey
President and CEO
$234,175
Derek J Morris
Chief Financial Officer
$172,972
Laureen Borgatti
Chief Operating Officer
$167,919
Pascale Desir Non-Voting
Asst. Secretary & Chief Le
$163,578
John Bidwell
Chief Development Officer
$154,618
Anni Zhu
Chief of Staff
$152,851
Janette Vigo
Chief Program Officer
$144,513
Erica Simmonette
Chief People & Administrat
$142,492
Form 990 (FY ending Jun 2025), Part VII, Section A
Largest outside contractors
ContractorServicePaid
Haynes ConstructionConstruction$1,236,468
Joy Square Design IncArchitecture$282,691
Daniel Dennis and CompanyAudit and tax services$245,855
Sourcepass IncIt consulting$230,590
Enlace De FamiliasProgramatic services$227,800
Form 990 (FY ending Jun 2025), Part VII, Section B
06 · Questions

The questions people ask about the Way Finders.

Short, sourced answers. Each one stands on its own.

How much does the Way Finders CEO make?

Keith Fairey, President and CEO, received $234,175 in reportable compensation in FY ending Jun 2025, 0.1% of Way Finders' $158.3M in spending.

Form 990 (FY ending Jun 2025), Part VII

What percentage of Way Finders donations go to programs?

Way Finders reported 97% of FY ending Jun 2025 spending as programs, 0.4% as fundraising and 2.6% as management.

Form 990 (FY ending Jun 2025), Part IX

How much money does Way Finders have?

Net assets were $20.3M at the end of FY ending Jun 2025, about 1.5 months of spending.

Form 990 (FY ending Jun 2025), Part X

Does Way Finders have any red flags in its filing?

Its latest Form 990 triggered none of our twelve screening rules, which cover reported asset diversions, insider transactions, fundraiser costs, governance policies and spending patterns.

Form 990 (FY ending Jun 2025)
07 · Sources and citing

Every number, traced.

  1. Way Finders Form 990, FY ending Jun 2025 (IRS e-file)
  2. Way Finders Form 990 history (ProPublica Nonprofit Explorer)
Cite this page

Amir Arani, “Way Finders: CEO salary, finances and where your dollar goes,” Charity Math, updated 2026-11-07. https://charitymath.com/charities/way-finders/