TY 2019 Form 990 Schedule R

Instrumentl eFile RenderObject ID: 202131349349305853 - Rendered 2024-04-28 TIN: 04-2518368

SCHEDULE R
(Form 990)

Department of the Treasury
Internal Revenue Service

Related Organizations and Unrelated Partnerships

Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
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Attach to Form 990.
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Go to www.irs.gov/Form990 for instructions and the latest information.

OMB No. 1545-0047

2019

Open to Public Inspection

Name of the organization

WAY FINDERS INC

Employer identification number

04-2518368

Part I

Identification of Disregarded Entities. Complete if the organization answered "Yes" on Form 990, Part IV, line 33.

(a) Name, address, and EIN (if applicable) of disregarded entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Total income	(e) End-of-year assets	(f) Direct controlling entity
(1) HAP REVITALIZATION LLC 1780 MAIN STREET SPRINGFIELD,MA01103 26-3190690	LOW INCOME HOUSING DEVELOPMENT	MA	0	0	WAY FINDERS INC
(2) CHICOPEE KENDALL LLC 1780 MAIN STREET SPRINGFIELD,MA01103 61-1584711	INVESTMENT IN LOW INCOME HOUSING	MA	0	0	WAY FINDERS INC
(3) PARADISE PONDS LLC 1780 MAIN STREET SPRINGFIELD,MA01103 20-3847976	LOW INCOME HOUSING	MA	174,913	1,878,240	WAY FINDERS INC
(4) WHITCOMBS WALNUT LLC 1780 MAIN STREET SPRINGFIELD,MA01103 04-2518368	INVESTMENT IN LOW INCOME HOUSING	MA	0	0	WAY FINDERS INC
(5) MBL HOUSING & DEVELOPMENT LLC 1780 MAIN STREET SPRINGFIELD,MA01103 04-3176772	DEVELOPMENT OF AFFORDABLE HOUSING	MA	396,236	595,573	WAY FINDERS INC
(6) FULLER FUTURE LLC 1780 MAIN STREET SPRINGFIELD,MA01103 47-5307523	DEVELOPMENT OF AFFORDABLE HOUSING	MA	0	1,030,772	WAY FINDERS INC
(7) LC2 HOYOKE LLC 1780 MAIN STREET SPRINGFIELD,MA01103 83-1107768	DEVELOPMENT OF AFFORDABLE HOUSING	MA	0	719,287	WAY FINDERS INC
(8) ROSEWOOD WAY LLC 1780 MAIN STREET SPRINGFIELD,MA01103 84-4987310	DEVELOPMENT OF AFFORDABLE HOUSING	MA	0	1,839,949	WAY FINDERS INC
(9) WF REAL ESTATE HOLDING LLC 1780 MAIN STREET SPRINGFIELD,MA01103 84-4993858	DEVELOPMENT OF AFFORDABLE HOUSING	MA	0	0	WAY FINDERS INC

Part II

Identification of Related Tax-Exempt Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	(g) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Exempt Code section	(e) Public charity status (if section 501(c)(3))	(f) Direct controlling entity	Yes	No
(1)SOUTHAMPTON HOUSING FOR THE ELDERLY INC 1780 MAIN STREET SPRINGFIELD,MA01103 22-2619892	LOW INCOME HOUSING	MA	501(C)(3)	LINE 7	WAY FINDERS INC	Yes
(2)STEVENS SENIOR HOUSING OF LUDLOW INC 1780 MAIN STREET SPRINGFIELD,MA01103 80-0651317	LOW INCOME HOUSING	MA	501(C)(3)	LINE 7	WAY FINDERS INC	Yes
(3)COMMON CAPITAL INC 1780 MAIN STREET SPRINGFIELD,MA01103 22-3051402	SMALL BUSINESS LENDING	MA	501(C)(3)	LINE 7	WAY FINDERS INC	Yes
(4)1780 HCHQ INC 1780 MAIN STREET SPRINGFIELD,MA01103 82-5021847	DEVELOP AND LEASE OFFICE SPACE FOR WAY FINDERS	MA	501(C)(3)	LINE 12C, III-FI	WAY FINDERS INC	Yes

For Paperwork Reduction Act Notice, see the Instructions for Form 990.

Cat. No. 50135Y

Schedule R (Form 990) 2019

Page 2

Part III

Identification of Related Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, because it had one or more related organizations treated as a partnership during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Predominant income(related, unrelated, excluded from tax under sections 512-514)	(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?		(k) Percentage ownership
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity		(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No
(1) NEIGHBORHOOD COLLABORATIVE LLC 1780 MAIN STREET SPRINGFIELD,MA01103 20-2737538	LOW INCOME HOUSING DEVELOPMENT	MA	WAY FINDERS INC	RELATED	-28,093	79,246		No		Yes		54.000 %
(2) BUTTERNUT PROPERTIES LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 56-2320595	LOW INCOME HOUSING	MA	WHITCOMB WALNUT LLC	RELATED	-186,370	4,594,246		No			No	99.990 %
(3) LIVE PLEASANT LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 37-1836176	LOW INCOME HOUSING	MA	N/A
(4) NEWCOURT TERRACE LLC 1780 MAIN STREET SPRINGFIELD,MA01103 54-6066373	LOW INCOME HOUSING	MA	N/A
(5) VERANO APARTMENTS LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 20-1662508	LOW INCOME HOUSING	MA	N/A
(6) CHURCH STREET SCHOOL LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 20-3477227	LOW INCOME HOUSING	MA	N/A
(7) CBA HOUSING LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 32-0285601	LOW INCOME HOUSING	MA	N/A
(8) OLYMPIA AMHERST LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 80-0924186	LOW INCOME HOUSING	MA	N/A
(9) PARSONS LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 30-0807221	LOW INCOME HOUSING	MA	N/A
(10) KENQUAD LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 30-0847878	LOW INCOME HOUSING	MA	N/A
(11) DWIGHT CLINTON JOINT VENTURE 1780 MAIN STREET SPRINGFIELD,MA01103 04-3006085	LOW INCOME HOUSING	MA	WAY FINDERS INC	RELATED	1,832	589,431		No		Yes		50.000 %
(12) LUMBER YARD NORTHAMPTON LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 35-2605855	LOW INCOME HOUSING	MA	N/A
(13) LIBRARY COMMONS LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 84-1921826	LOW INCOME HOUSING	MA	WAY FINDERS INC	RELATED		5,072,429		No			No	99.990 %
(14) LUMBER MASTER LLC 1780 MAIN STREET SPRINGFIELD,MA01103 84-2230048	LEASE COMMERCIAL AND OFFICE SPACE	MA	WAY FINDERS INC	RELATED	-4,509	11,017		No		Yes		51.000 %
(15) SERGEANT HOUSE LIMITED PARTNERSHIP 1780 MAIN STREET SPRINGFIELD,MA01103 35-2641360	LOW INCOME HOUSING	MA	WAY FINDERS INC	RELATED	-44,312	1,128,351		No			No	99.990 %

Part IV

Identification of Related Organizations Taxable as a Corporation or Trust. Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.

(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets	(h) Percentage ownership	(i) Section 512(b)(13) controlled entity?
(a) Name, address, and EIN of related organization	(b) Primary activity	(c) Legal domicile (state or foreign country)	(d) Direct controlling entity	(e) Type of entity (C corp, S corp, or trust)	(f) Share of total income	(g) Share of end-of-year assets		Yes	No
(1) HAP COMMUNITY HOUSING SERVICES INC 1780 MAIN STREET SPRINGFIELD,MA01103 04-2770112	INVESTMENT IN LOW INCOME HOUSING	MA	WAY FINDERS INC	C	285,346	1,598,750	100.000 %		No
(2) BELMONT BYERS LLC 1780 MAIN STREET SPRINGFIELD,MA01103 47-2505994	INVESTMENT IN LOW INCOME HOUSING	MA	WAY FINDERS INC	C	1		79.000 %		No
(3) BUTTERNUT HOUSING INC 1780 MAIN STREET SPRINGFIELD,MA01103 04-3742817	INVESTMENT IN LOW INCOME HOUSING	MA	N/A	C					No
(4) KIBBE COURT INC 1780 MAIN STREET SPRINGFIELD,MA01103 54-2063788	INVESTMENT IN LOW INCOME HOUSING	MA	N/A	C					No
(5) VERANO INC 1780 MAIN STREET SPRINGFIELD,MA01103 20-1647984	INVESTMENT IN LOW INCOME HOUSING	MA	N/A	C					No
(6) GREENVILLE PARK LLC 1780 MAIN STREET SPRINGFIELD,MA01103 51-0631007	INVESTMENT IN LOW INCOME HOUSING	MA	WAY FINDERS INC	C			79.000 %		No
(7) CBA CHARLTON HOUSING INC 1780 MAIN STREET SPRINGFIELD,MA01103 38-3792188	INVESTMENT IN LOW INCOME HOUSING	MA	WAY FINDERS INC	C		26	79.000 %		No
(8) OLYMPIA DRIVE 85 LLC 1780 MAIN STREET SPRINGFIELD,MA01103 46-2757160	INVESTMENT IN LOW INCOME HOUSING	MA	WAY FINDERS INC	C	1		79.000 %		No
(9) PARSONS VILLAGE LLC 1780 MAIN STREET SPRINGFIELD,MA01103 46-4539943	INVESTMENT IN LOW INCOME HOUSING	MA	WAY FINDERS INC	C			51.000 %		No
(10) PLEASANT CROSSINGS LLC 1780 MAIN STREET SPRINGFIELD,MA01103 81-3481391	INVESTMENT IN LOW INCOME HOUSING	MA	WAY FINDERS INC	C		15,659	79.000 %		No
(11) SERGEANT HOUSE GP LLC 1780 MAIN STREET SPRINGFIELD,MA01103 83-2074219	INVESTMENT IN LOW INCOME HOUSING	MA	WAY FINDERS INC	C			51.000 %		No
(12) LUMBER YARD 256 LLC 1780 MAIN STREET SPRINGFIELD,MA01103 82-2844405	INVESTMENT IN LOW INCOME HOUSING	MA	WAY FINDERS INC	C		1,660	51.000 %		No
(13) LIBRARY COMMONS LLC 1780 MAIN STREET SPRINGFIELD,MA01103 84-1906819	INVESTMENT IN LOW INCOME HOUSING	MA	WAY FINDERS INC	C			100.000 %		No

Schedule R (Form 990) 2019

Page 3

Part V

Transactions With Related Organizations. Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.

Note. Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.

Yes

1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?

a Receipt of (i) interest, (ii) annuities, (iii) royalties, or (iv) rent from a controlled entity .....................

Yes

b Gift, grant, or capital contribution to related organization(s) ............................

Yes

c Gift, grant, or capital contribution from related organization(s) ............................

d Loans or loan guarantees to or for related organization(s) ............................

Yes

e Loans or loan guarantees by related organization(s) ............................

Yes

f Dividends from related organization(s) ............................

g Sale of assets to related organization(s) ............................

Yes

h Purchase of assets from related organization(s) ............................

i Exchange of assets with related organization(s) ............................

j Lease of facilities, equipment, or other assets to related organization(s) .......................

k Lease of facilities, equipment, or other assets from related organization(s) ......................

Yes

l Performance of services or membership or fundraising solicitations for related organization(s) .....................

Yes

m Performance of services or membership or fundraising solicitations by related organization(s) .................

n Sharing of facilities, equipment, mailing lists, or other assets with related organization(s) ...................

Yes

o Sharing of paid employees with related organization(s) ............................

p Reimbursement paid to related organization(s) for expenses ............................

q Reimbursement paid by related organization(s) for expenses ............................

Yes

r Other transfer of cash or property to related organization(s) ............................

Yes

s Other transfer of cash or property from related organization(s) ............................

Yes

If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.

(a) Name of related organization	(b) Transaction type (a-s)	(c) Amount involved	(d) Method of determining amount involved
(1) KENQUAD LIMITED PARTNERSHIP	A	32,031	INT PAYMENT BASED ON PART AGMT
(2) LIVE PLEASANT LIMITED PARTNERSHIP	A	45,875	INT PAYMENT BASED ON PART AGMT
(3) OLYMPIA AMHERST LIMITED PARTNERSHIP	A	38,011	INT PAYMENT BASED ON PART AGMT
(4) PARSONS LIMITED PARTNERSHIP	A	24,099	INT PAYMENT BASED ON PART AGMT
(5) LUMBERYARD NORTHAMPTON LIMITED PARTNERSHIP	D	3,044,160	LOAN VALUE DISBURSED UNDER LOAN A
(6) SERGEANT HOUSE LIMITED PARTNERSHIP	D	500,000	LOAN VALUE DISBURSED UNDER LOAN A
(7) LUMBERYARD NORTHAMPTON LIMITED PARTNERSHIP	L	63,901	DEVELOPER SERVICES AGREEMENT
(8) SERGEANT HOUSE LIMITED PARTNERSHIP	L	73,836	DEVELOPER SERVICES AGREEMENT
(9) LIBRARY COMMONS LIMITED PARTNERSHIP	L	419,487	DEVELOPER SERVICES AGREEMENT
(10) CHURCH STREET SCHOOL LIMITED PARTNERSHIP	L	51,165	PARTNERSHIP & MGMT AGREEMENTS
(11) KENQUAD LIMITED PARTNERSHIP	L	55,126	PARTNERSHIP & MGMT AGREEMENTS
(12) LIVE PLEASANT LIMITED PARTNERSHIP	L	62,262	PARTNERSHIP & MGMT AGREEMENTS
(13) LUMBERYARD NORTHAMPTON LIMITED PARTNERSHIP	L	50,343	PARTNERSHIP & MGMT AGREEMENTS
(14) COMMON CAPITAL INC	Q	267,871	SERVICE CONTRACT AND EE TIMESHEET
(15) BUTTERNUT PROPERTIES LIMITED PARTNERSHIP	Q	61,081	EMPLOYEE TIMESHEETS BY PROPERTY
(16) DWIGHT CLINTON JOINT VENTURE	Q	79,599	EMPLOYEE TIMESHEETS BY PROPERTY
(17) HAP COMMUNITY HOUSING SERVICES INC	Q	71,950	EMPLOYEE TIMESHEETS BY PROPERTY
(18) SOUTHAMPTON HOUSING FOR THE ELDERLY INC	Q	138,758	EMPLOYEE TIMESHEETS BY PROPERTY
(19) STEVENS SENIOR HOUSING OF LUDLOW INC	Q	90,321	EMPLOYEE TIMESHEETS BY PROPERTY
(20) CBA HOUSING LIMITED PARTNERSHIP	Q	140,413	EMPLOYEE TIMESHEETS BY PROPERTY
(21) CHURCH STREET SCHOOL LIMITED PARTNERSHIP	Q	110,396	EMPLOYEE TIMESHEETS BY PROPERTY
(22) KENQUAD LIMITED PARTNERSHIP	Q	135,920	EMPLOYEE TIMESHEETS BY PROPERTY
(23) LIVE PLEASANT LIMITED PARTNERSHIP	Q	174,768	EMPLOYEE TIMESHEETS BY PROPERTY
(24) LUMBERYARD NORTHAMPTON LIMITED PARTNERSHIP	Q	115,041	EMPLOYEE TIMESHEETS BY PROPERTY
(25) MEWCOURT TERRACE LLC	Q	122,122	EMPLOYEE TIMESHEETS BY PROPERTY
(26) OLYMPIA AMHERST LIMITED PARTNERSHIP	Q	111,552	EMPLOYEE TIMESHEETS BY PROPERTY
(27) PARSONS LIMITED PARTNERSHIP	Q	190,632	EMPLOYEE TIMESHEETS BY PROPERTY
(28) VERANO APARTMENTS LIMITED PARTNERSHIP	Q	180,424	EMPLOYEE TIMESHEETS BY PROPERTY
(29) LIBRARY COMMONS LIMITED PARTNERSHIP	S	250,000	REPAID ADVANCE FOR DEV COSTS
(30)	A		INT PAYMENT BASED ON PART AGMT
(31)	D		LOAN VALUE DISBURSED UNDER LOAN A
(32)	L		DEVELOPER SERVICES AGREEMENT
(33)	L		PARTNERSHIP & MGMT AGREEMENTS
(34)	Q		EMPLOYEE TIMESHEETS BY PROPERTY
(35)	S		REPAID ADVANCE FOR DEV COSTS

Schedule R (Form 990) 2019

Page 4

Part VI

Unrelated Organizations Taxable as a Partnership. Complete if the organization answered "Yes" on Form 990, Part IV, line 37.

Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.

(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	(e) Are all partners section 501(c)(3) organizations?		(f) Share of total income	(g) Share of end-of-year assets	(h) Disproprtionate allocations?		(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	(j) General or managing partner?
(a) Name, address, and EIN of entity	(b) Primary activity	(c) Legal domicile (state or foreign country)	Yes	No	(f) Share of total income	(g) Share of end-of-year assets	Yes	No	(i) Code V-UBI amount in box 20 of Schedule K-1 (Form 1065)	Yes	No

Schedule R (Form 990) 2019

Page 5

Part VII

Supplemental Information

Provide additional information for responses to questions on Schedule R. (see instructions).

Return Reference	Explanation

Schedule R (Form 990) 2019

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