Public Charity

HEARTHWAY INC

HEARTHWAY INC is a Public Charity headquartered in PITTSFIELD, MA. Financial data from the 2025 filing: $20.9M revenue, $20.8M expenses, $19.3M total assets. 8 publicly reported grants to this organization, totaling roughly $1.6M, appear in IRS filings.

EIN: 042483322 PITTSFIELD, MA Low-Income & Subsidized Rental Housing NTEE: L21 Latest filing: 2025
Total Revenue$20.9M
Total Expenses$20.8M
Total Assets$19.3M
Grant Records8
Funding Total$1.6M
Filing Years2020–2025

Mission

DEVELOPMENT AND OPERATION OF HOUSING AND COMMUNITY DEVELOPMENT PROJECTS AND PROGRAMS THAT BENEFIT LOW AND MODERATE INCOME PEOPLE. MOST SIGNIFICANT CURRENT ACTIVITIES ARE DEVELOPING AFFORDABLE HOUSING, ADMINISTERING THE SECTION 8 HCV PROGRAM, ADMINISTERING HOUSING ASSISTANCE PROGRAMS INCLUDING RAFT, HOMEBASE AND NEIGHBOR TO NEIGHBOR AND OPERATING THE REGION.

Where $100 goes at Hearthway Inc

How Hearthway Inc divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$82 Programs the work itself
$17 Management running the organization
$1 Fundraising raising the next dollar

Inside the $82 for programs

$48
Hearthway administers federally and state funded rental housing programs that provide direct rental subsidies to low-income households throughout berkshire county
59% of program spending
$27
Hearthway operates a regional housing consumer education center (hcec) and administers financial assistance programs, including residential assistance for families in transition (raft) and homebase, to help low-income individuals…
33% of program spending
$7
Hearthway develops, owns, and manages affordable housing for low-and moderate-income households throughout berkshire county
8% of program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

CFO Allison Maxfield
DIRECTOR Amber Besaw
DIRECTOR Cheryl Tripp-Cleveland
PRESIDENT Eileen Peltier
DIRECTOR Jay Sacchetti
DIRECTOR OF PORTFOLIO OPERATIONS Kristin Coyne

Officer compensation and complete director data available with membership.

Top Grant Purposes

General Support
$1,250,003 1 grant
Housing & Homelessness
$346,371 4 grants
Human & Social Services
$10,000 1 grant

Financial Trends

Year Revenue Expenses Assets
2025 $20.9M $20.8M $19.3M
2024 $3.7M $3.5M $8.3M
2023 $2.7M $2.8M $8.4M
2021 $2.5M $1.9M $7.1M
2020 $2.7M $1.4M $6.7M

Between 2020 and 2025, reported annual revenue grew from $2.7M to $20.9M (+660%), with total assets most recently reported at $19.3M.

Interactive year-over-year charts and full filing details available with membership.

See the full picture for HEARTHWAY INC

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