Way Finders
Way Finders is a Springfield, Massachusetts-based nonprofit affordable housing developer and community services organization founded in 1972, serving low- and moderate-income households across Western Massachusetts with subsidized housing development and resident support programs.
- Company typePrivate
- Founded1972
- HeadquartersSpringfield, United States
- Headcount101–250
- GTM typeB2C
- OfferingServices
What Way Finders does
Way Finders is a nonprofit organization headquartered in Springfield, Massachusetts, founded in 1972 and operating with 101–250 employees. The firmographic data characterizes the entity as a "nonprofit developer," and the capital structure — anchored by a $23 million facility from Massachusetts Housing Investment Corporation in October 2019, $2 million in federal funding in June 2020, and a $30,000 M&T Charitable Foundation grant in March 2024 — is consistent with a regional Community Development Corporation (CDC) engaged in affordable housing development, ownership, and related resident services across Western Massachusetts. As a long-tenured nonprofit, the organization depends on a hybrid revenue model combining LIHTC equity syndication proceeds, federal and state development subsidies, project-level rental income from owned affordable units, bank/philanthropic grants, and service-program contracts rather than commercial pricing. The leadership team — Keith Fairey as President and CEO, Laureen Borgatti as COO, and Derek Morris as CFO — reflects a standard nonprofit executive structure emphasizing operational execution, finance/compliance, and mission delivery.
No proprietary technology, software products, or AI/ML capabilities are described in the available source material, and the corporate website currently returns only a loader/verification page with no extractable product or platform content. Strategic positioning is therefore best characterized as mission-driven real estate development and human services delivery rather than technology-enabled operations. Customer and beneficiary segments are not disclosed in the data, but given the funding profile (Massachusetts housing finance authority, U.S. government, regional bank philanthropy) the served population is most plausibly low- and moderate-income households and individuals facing housing instability in Western Massachusetts.
Way Finders firmographics
Firmographics- Name
- Way Finders
- Website
- https://wayfinders.org
- Company type
- Private
- Founded year
- 1972
- Headcount range
- 101–250 employees
- Short description
- Way Finders is a Springfield, Massachusetts-based nonprofit affordable housing developer and community services organization founded in 1972, serving low- and moderate-income households across Western Massachusetts with subsidized housing development and resident support programs.
- Ownership category
- akta.pro rank
Way Finders industry classification
Industry- Product category
- Affordable Housing Services
- NAICS
- Other Community Housing Services (624229), Offices of Real Estate Agents and Brokers (5312)
- SIC
- Services-Social Services (8300), Real Estate (6500)
- akta.pro primary industry
- Affordable Housing & Community Development (Housing, Community Land Trusts) (BPAGALAC)
- akta.pro secondary industry
- Affordable Housing & First-Time Buyer Brokerage (BPAJAAAD)
Keywords
Where Way Finders is headquartered
LocationHeadquarters
- HQ city
- Springfield
- HQ country
- United States
- HQ region
- North America
Markets served
Way Finders business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Others
Way Finders product offering
Product offeringCore offering
Way Finders is a nonprofit developer that develops and manages affordable housing while providing supportive services to individuals and families in need. The organization combines real estate development with resident services such as housing assistance and programs for those experiencing housing instability. Its work is sustained through grants, government funding, and charitable contributions rather than commercial sales.
Differentiator
Problem solved
Functional benefit
Products and services
- Affordable Housing Development Development and management of affordable housing units for low-income individuals and families, financed through grants, government funding, and housing finance institutions.
- Housing Assistance and Supportive Services Programs that connect individuals and families experiencing housing instability with housing resources, case management, and supportive services to promote housing stability.
Companies that use Way Finders
Customer profileIdeal customer profiles2 records
Way Finders technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Way Finders partnerships and signals
Strategic signalRecent moves3 records
Expansion highlights3 records
Way Finders competitors and assessment
Company assessmentDirect peers
- The Community Builders: Large nonprofit affordable housing developer and property manager operating across multiple U.S. states. Highly comparable to Way Finders in nonprofit structure, mixed-income development focus, and integration of resident services.
- Preservation of Affordable Housing (POAH): Nonprofit organization focused on preserving and operating affordable rental housing across the U.S. Comparable to Way Finders in mission-driven development, multi-state portfolio management, and reliance on institutional housing capital.
- Beacon Communities: Nonprofit affordable housing developer with deep New England presence and integrated property management. Closely aligned with Way Finders on geography (Massachusetts), nonprofit model, and mixed-income development approach.
- Homeowner Options for Massachusetts Everyone (HOME, Inc.): Massachusetts-based nonprofit focused on homeownership and affordable housing development. Comparable to Way Finders as a regional nonprofit developer with similar community-based service offerings.
Broad incumbents
- WinnCompanies: Large multifamily housing developer and manager with significant affordable housing exposure, including workforce and market-rate units. Comparable to Way Finders as a regional housing operator, though broader in scope and for-profit.
- Habitat for Humanity International: Largest nonprofit affordable housing organization globally, developing for-sale and rental housing for low-income households. Comparable to Way Finders in nonprofit developer structure and affordable housing mission, though vastly larger scale.
- NeighborWorks America: National network of nonprofit affordable housing and community development organizations. Comparable as an umbrella peer to Way Finders' nonprofit developer profile and mission-aligned local affiliates across the U.S.
Others
- Massachusetts Housing Partnership: Public nonprofit that provides financing and technical assistance for affordable housing in Massachusetts. Directly relevant as a likely capital partner and ecosystem counterpart to Way Finders' Massachusetts-based operations.
- Massachusetts Housing Investment Corporation: State-chartered community development financial institution (CDFI) providing equity capital for affordable housing in Massachusetts. Already a major documented funder of Way Finders and a key ecosystem intermediary.
Regional players
- BHN (Berkshire Housing Development Corp): Western Massachusetts-based nonprofit housing developer and provider of supportive services. Comparable to Way Finders in regional geography (Western MA) and nonprofit affordable housing focus.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat3 records
Key risks5 records
Key highlights5 records
Customer concentration
Way Finders social profiles
Digital presenceWay Finders financial estimates
Financial estimateRevenue estimate
Valuation estimate
Way Finders leadership team
Management profileNumber of profiles
Profiles3 records
Way Finders funding detail
Funding detailFunding overview
Funding rounds4 records
Investors3 records
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Way Finders M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Way Finders
What does Way Finders do?
Way Finders is a nonprofit developer that develops and manages affordable housing while providing supportive services to individuals and families in need. The organization combines real estate development with resident services such as housing assistance and programs for those experiencing housing instability. Its work is sustained through grants, government funding, and charitable contributions rather than commercial sales.
Is Way Finders a public or private company?
Way Finders is a private company. It is classified as nonprofit foundation owned.
When was Way Finders founded?
Way Finders was founded in 1972. It employs 101 to 250 people.
Where is Way Finders based?
Way Finders is headquartered in Springfield, United States, in the North America region.
Who are Way Finders's main competitors?
Direct peers on record are The Community Builders, Preservation of Affordable Housing (POAH), Beacon Communities and Homeowner Options for Massachusetts Everyone (HOME, Inc.). Broad incumbents are WinnCompanies, Habitat for Humanity International and NeighborWorks America. Others are Massachusetts Housing Partnership and Massachusetts Housing Investment Corporation. BHN (Berkshire Housing Development Corp) is listed as a regional player.
Does Way Finders have an API?
No public API is recorded for Way Finders.
What industry is Way Finders in?
Way Finders's product category is Affordable Housing Services. Its primary akta.pro industry code is BPAGALAC, Affordable Housing & Community Development (Housing, Community Land Trusts), with a secondary code of BPAJAAAD, Affordable Housing & First-Time Buyer Brokerage. Its NAICS code is 624229 and its SIC code is 8300.