2024-08-15T10:46:07-05:00 2023-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2022-10-01 462252476 SOUTHWEST ECONOMIC SOLUTIONS INC SOUT 3138419641 5716 MICHIGAN AVENUE 3000 DETROIT MI 48210 MICHELLE R SHERMAN CHIEF OPERATING OFFICER 3138419641 2024-08-12 1 1 TROY MARINE CPA P00187863 4147775500 2024-08-12 2022 2024-08-08 14:25:15Z SEAN DE FOUR 5716 MICHIGAN AVENUE 3000 DETROIT MI 48210 2916697 0 X WWW.SWSOL.ORG X 2013 MI SOUTHWEST ECONOMIC SOLUTIONS MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER ECONOMIC SUCCESS. 21 21 49 21 0 0 3226796 2876509 20699 34734 701 4436 7744 1018 3255940 2916697 20000 0 0 0 1654161 1840796 0 0 0 1155903 1338543 2830064 3179339 425876 -262642 1852921 1904747 76943 391411 1775978 1513336 SOUTHWEST ECONOMIC SOLUTIONS MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER ECONOMIC SUCCESS. 0 0 3087709 35752 PROVIDE PRE AND POSTPURCHASE HOMEOWNERSHIP COUNSELING AND EDUCATION TO COMMUNITY RESIDENTS, 638/YEAR.WORKFORCE DEVELOPMENT PROGRAMMING (INTEGRATED EDUCATION AND TRAINING) INCLUDING EARN AND LEARN (154/YEAR), CAREER CENTER (341/YEAR) AND YOUTHBUILD (58/YEAR).ADULT BASIC EDUCATION INCLUDING GED, ESL AND ABE TO 592/YEAR.FINANCIAL COACHING (BUDGETING, CREDIT BUILDING EDUCATION, DEBT REDUCTION, SAVINGS) FOR ALL ENROLLED IN SWES PROGRAMS 525/YEAR.. 3087709 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 15 0 1 49 1 0 0 0 0 0 0 0 0 0 0 0 0 X 21 21 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 0 0 MI X MICHELLE R SHERMAN 3134813103 5716 MICHIGAN AVENUE 3000 DETROIT MI 48210 STEPHANIE MILLER CHAIR 1.00 5.00 X X 0 0 0 MARK LEZOTTE VICE CHAIR 1.00 5.00 X X 0 0 0 RON ROSE SECRETARY 1.00 5.00 X X 0 0 0 DAN SHARE TREASURER 1.00 5.00 X X 0 0 0 ALBERT FIELDS DIRECTOR (SWS) 1.00 5.00 X 0 0 0 ALEKSANDRA A MIZIOLEK DIRECTOR (SWS) 1.00 5.00 X 0 0 0 ANGELA BALDWIN DIRECTOR (SWS) 1.00 5.00 X 0 0 0 AVEC O'BRIEN DIRECTOR (SWS) 1.00 5.00 X 0 0 0 CHRIS LEZOVICH DIRECTOR (SWS) 1.00 5.00 X 0 0 0 DAVID KIEFER DIRECTOR (SWS) 1.00 5.00 X 0 0 0 DORIS PATRICK DIRECTOR (SWS) 1.00 5.00 X 0 0 0 DUANE M LEWIS DIRECTOR (SWS) 1.00 5.00 X 0 0 0 ELAINE BUCKBERG DIRECTOR (SWS) 1.00 5.00 X 0 0 0 JOSEPH M TASSE DIRECTOR (SWS) 1.00 5.00 X 0 0 0 LAURA APPEL DIRECTOR (SWS) 1.00 5.00 X 0 0 0 MILTON MACK DIRECTOR (SWS) 1.00 5.00 X 0 0 0 NAHEED HUQ DIRECTOR (SWS) 1.00 5.00 X 0 0 0 NORMA HUIZAR DIRECTOR (SWS) 1.00 5.00 X 0 0 0 SHENISE FOOTE DIRECTOR (SWS) 1.00 5.00 X 0 0 0 STEVEN KOSUDA DIRECTOR (SWS) 1.00 5.00 X 0 0 0 VANESSA JOHNSON DIRECTOR (SWS) 1.00 5.00 X 0 0 0 MICHELLE R SHERMAN SWS COO & CFO 2.00 35.50 X 0 268463 22729 SEAN DE FOUR SWS PRESIDENT&CEO 2.50 35.00 X 0 245664 34176 HECTOR HERNANDEZ SWS EXECUTIVE DIRECTOR - ECONOMICS 35.50 2.00 X 173511 0 26417 173511 514127 83322 0 0 1 0 0 110000 109450 1646797 1010262 2876509 FORECLOSURE MITIGATION 541990 34734 34734 34734 4436 4436 REIMBURSEMENTS 900099 1018 1018 1018 2916697 35752 0 4436 199928 199928 1268441 1228240 40201 22412 22412 247099 247099 102916 102916 515254 515254 3407 3407 219000 219000 15260 12299 2961 17903 17744 159 304457 296933 7524 46674 44982 1692 33126 21949 11177 7368 7368 PROGRAM COSTS 113057 112264 793 FURNITURE/EQUIPMENT 29802 24673 5129 33235 22016 11219 3179339 3087709 91630 0 1113314 667319 621645 812655 226501 139256 117544 87245 418 337528 1852921 1904747 76943 108188 0 283223 76943 391411 X 923230 807339 852748 705997 1775978 1513336 1852921 1904747 -262642 0 X 0 1 X 1 1 1 X 4742360 4166848 3516864 3226796 2876509 18529377 4742360 4166848 3516864 3226796 2876509 18529377 1704369 16825008 314 553 701 4436 6004 120 740 22590 7744 1018 32212 18567593 214860 0.90610 0.84710 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58095 20773 37322 168406 118483 49923 87245 DUE FROM SOUTHWEST SOLUTIONS 3160 LEASE RIGHT OF USE ASSETS, OPERATING 334368 337528 OPERATING LEASE LIABILITY 283223 283223 X PART X, LINE 2: SOUTHWEST ECONOMIC SOLUTIONS HAS RECEIVED A NOTIFICATION THAT IT QUALIFIES AS A TAX-EXEMPT ORGANIZATION UNDER SECTION 501(C)(3) OF THE U.S. INTERNAL REVENUE CODE AND CORRESPONDING PROVISIONS OF STATE LAW AND, ACCORDINGLY, IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. HOWEVER, INCOME FROM CERTAIN ACTIVITIES NOT DIRECTLY RELATED TO THEIR TAX-EXEMPT PURPOSES IS SUBJECT TO TAXATION AS UNRELATED BUSINESS INCOME. IT IS THE ORGANIZATION'S POLICY TO RECOGNIZE INTEREST AND PENALTIES RELATED TO UNCERTAIN TAX POSITIONS IN INCOME TAX EXPENSE. WITH FEW EXCEPTIONS, THE ORGANIZATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE INCOME TAX EXAMINATIONS BY TAX AUTHORITIES FOR THE YEARS BEFORE 2019. THE ORGANIZATION IS NOT CURRENTLY UNDER EXAMINATION BY ANY TAXING JURISDICTION. 0 PART I, LINE 2: ALL EXPENSES INCURRED BY THE ORGANIZATIONS ARE CHARGED TO A SPECIFIC RU WHICH ARE ESTABLISHED TO CAPTURE EXPENSES RELATED TO A SPECIFIC FUNDER. THE PROGRAM STAFF AT SOUTHWEST ECONOMIC SOLUTIONS (SWES) HAVE THE BUDGET FOR SUCH GRANTS AND ARE AWARE OF THE TYPES OF EXPENSES THAT CAN BE CHARGED TO EACH GRANT. MONTHLY THE GRANT EXPENSES ARE TOTALED AND THE AMOUNT EXPENDED IS RELEASED FROM TEMPORARILY RESTRICTED FUNDS. THE BALANCE OF TEMP RESTRICTED FUNDS IS REVIEWED WITH SWES PROGRAM STAFF PERIODICALLY. 0 0 0 0 0 0 0 0 0 MICHELLE R SHERMAN SWS COO & CFO 0 238416 0 11500 0 18547 0 6401 0 16328 0 291192 0 0 SEAN DE FOUR SWS PRESIDENT&CEO 0 231006 0 3000 0 11658 0 2330 0 31846 0 279840 0 0 HECTOR HERNANDEZ SWS EXECUTIVE DIRECTOR - ECONOMICS 151909 0 6450 0 15152 0 3265 0 23152 0 199928 0 0 0 PART I, LINE 3: THE COMPENSATION WAS ESTABLISHED BY A RELATED ORGANIZATION, SOUTHWEST SOLUTIONS, INC. (FEIN: 38-2672000). THE ORGANIZATION UTILIZED THE FOLLOWING: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, F0RM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 SOUTHWEST ECONOMIC SOLUTIONS IS A WHOLLY-OWNED SUBSIDIARY OF SOUTHWEST SOLUTIONS, THE PARENT COMPANY. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE APPOINTED BY SOUTHWEST SOLUTIONS BOARD OF DIRECTORS. NOMINEES ARE PROPOSED BY SOUTHWEST ECONOMIC SOLUTIONS BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B THE SOUTHWEST SOLUTIONS BOARD APPROVES CERTAIN DECISIONS OF SOUTHWEST ECONOMIC SOLUTIONS BOARD OF DIRECTORS INCLUDING BUT NOT LIMITED TO THE FOLLOWING: BUDGET APPROVAL, BYLAWS REVISIONS, FORMATION OF A NEW COMPANY, AND CAPITAL ACQUISITIONS GREATER THAN $250,000. FORM 990, PART VI, SECTION B, LINE 11B THE 990 WAS PREPARED BY AN INDEPENDENT ACCOUNTING FIRM. THE 990 WAS REVIEWED BY THE FINANCIAL CONTROLLER AND PROVIDED TO THE BOARD OF DIRECTORS FOR THEIR REVIEW PRIOR TO THE FILING OF THE FORM 990 WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C ANNUALLY THE CONFLICT OF INTEREST POLICY IS PROVIDED TO THE BOARD MEMBERS FOR REVIEW AND APPROVAL. IN ADDITION, THE DISCLOSURE STATEMENT IS COMPLETED ON AN ANNUAL BASIS BY ALL BOARD MEMBERS. IF THERE ARE ANY CONFLICTS OF INTEREST, THE BOARD MEMBER WOULD ABSTAIN FROM VOTING. ALL SOUTHWEST ECONOMIC SOLUTIONS EMPLOYEES AND BOARD MEMBERS ARE SUBJECT TO THE CONFLICT OF INTEREST POLICY. FORM 990, PART VI, SECTION B, LINE 15 COMPENSATION IS SET BY THE COMPENSATION COMMITTEE OF SOUTHWEST SOLUTIONS, A RELATED ORGANIZATION. THE AGENCY PARTICIPATES IN ANNUAL SALARY SURVEYS BASED ON AGENCIES SIMILAR IN SIZE AND REVENUES AND CONSULTS WITH SALARY COMPENSATION SPECIALISTS TO DETERMINE COMPENSATION FOR CEO AND KEY EMPLOYEES. ALL COMPENSATION MUST BE APPROVED BY THE BOARD OF DIRECTORS. WHILE AN ANNUAL REVIEW IS DONE, SALARIES ARE ADOPTED FOR THREE YEARS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. BAGLEY HOUSING ASSOCIATION 1920 25TH STREET DETROIT MI 48216 382896273 HOUSING DEVELOPMENT MI 501(C)(3) LINE 7 SOUTHWEST HOUSING SOLUTIONS 0 RADEMACHER LODGE NON-PROFIT HOUSING CORPORATION 1920 25TH STREET DETROIT MI 48216 382881807 LOW-INCOME HOUSING SUPPORT MI 501(C)(3) LINE 10 SOUTHWEST HOUSING SOLUTIONS 0 SOUTHWEST COUNSELING SOLUTIONS 5716 MICHIGAN AVENUE SUITE 3000 DETROIT MI 48210 382042021 MENTAL HEALTH COUNSELING MI 501(C)(3) LINE 10 SOUTHWEST SOLUTIONS 0 SOUTHWEST HOUSING SOLUTIONS 5716 MICHIGAN AVENUE SUITE 3000 DETROIT MI 48210 382324335 LOW INCOME HOUSING DEVELOPMENT MI 501(C)(3) LINE 7 SOUTHWEST SOLUTIONS 0 SOUTHWEST SOLUTIONS 5716 MICHIGAN AVENUE SUITE 3000 DETROIT MI 48210 382672000 ADMINISTRATIVE SUPPORT SERVICES MI 501(C)(3) LINE 12C, III-FI N/A 0 PROSPERUS DETROIT MICROLENDING 5716 MICHIGAN AVENUE SUITE 3000 DETROIT MI 48210 462997666 MICROLOANS MI 501(C)(3) LINE 10 SOUTHWEST ECONOMIC SOLUTIONS 0 COOLIDGE PLACE LDHALP 1920 25TH STREET DETROIT MI 48216 383395578 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 HUBBARD COMMUNITIES I LDHALP 1920 25TH STREET DETROIT MI 48216 383304282 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 MACK ASHLAND LDHA LP 1920 25TH STREET DETROIT MI 48216 822796292 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 MACK ASHLAND II LDHA LP 1920 25TH STREET DETROIT MI 48216 263442169 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 MCKINSTRY PLACE LDHALP 1920 25TH STREET DETROIT MI 48216 452971351 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 MARTIN GARDENS LDHALP 1920 25TH STREET DETROIT MI 48216 383932577 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 NEWBERRY HOMES LDHALP 1920 25TH STREET DETROIT MI 48216 320411106 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 PIQUETTE SQUARE LDHALP 1920 25TH STREET DETROIT MI 48216 611418946 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 SAVANNAH-WILSHIRE LDHA LLC 1920 25TH STREET DETROIT MI 48216 383502647 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 SCOTTEN PARK LDHALP 1920 25TH STREET DETROIT MI 48216 208357786 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 SOUTHWEST HOUSING PARTNERS LDHALP 1920 25TH STREET DETROIT MI 48216 271346579 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 SOUTHWEST HOUSING PARTNERS II LDHALP 1920 25TH STREET DETROIT MI 48216 383449365 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 SPRINGWELLS PARTNERS IV LDHALP 1920 25TH STREET DETROIT MI 48216 161752272 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 SPRINGWELLS PARTNERS V LDHALP 1920 25TH STREET DETROIT MI 48216 383533424 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 5716 5728 MICHIGAN CONDOMINIUM ASSOCIATION 5716 MICHIGAN AVENUE SUITE 3000 DETROIT MI 48210 320062817 CONDO. ASSOCIATION MI N/A 0 1 5800 LDHALP 1920 25TH STREET DETROIT MI 48216 383703121 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 MICHIGAN LENDING SOLUTIONS 1920 25TH STREET DETROIT MI 48216 203950776 CONSUMER LENDING MI N/A 0 1 MURRAY TOWNHOMES LLC 1920 25TH STREET DETROIT MI 48216 261404869 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 0 SW COOLIDGE PLACE INC 1920 25TH STREET DETROIT MI 48216 822625925 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 HUBBARD COMMUNITIES INC 1920 25TH STREET DETROIT MI 48216 261241940 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 MACK ASHLAND GP LLC 1920 25TH STREET DETROIT MI 48216 452960640 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 MACK ASHLAND II GP INC 1920 25TH STREET DETROIT MI 48216 465573484 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 MCKINSTRY PLACE INC 1920 25TH STREET DETROIT MI 48216 800927450 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 PIQUETTE SQUARE INC 1920 25TH STREET DETROIT MI 48216 208357651 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 PRESERVATION PARTNERS I LP INC 1920 25TH STREET DETROIT MI 48216 820613799 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 PRESERVATION PARTNERS I GP INC 1920 25TH STREET DETROIT MI 48216 820591376 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SAVANNAH-WILSHIRE LLC 1920 25TH STREET DETROIT MI 48216 853363917 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SCOTTEN PARK INC 1920 25TH STREET DETROIT MI 48216 271346522 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SOUTHWEST HOUSING PARTNERS INC 1920 25TH STREET DETROIT MI 48216 383449366 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SWHP LP INC 1920 25TH STREET DETROIT MI 48216 820937331 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 PRESERVATION PARTNERS II LP INC 1920 25TH STREET DETROIT MI 48216 820631302 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SOUTHWEST HOUSING PARTNERS II INC 1920 25TH STREET DETROIT MI 48216 161752267 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SPRINGWELLS PARTNERS IV INC 1920 25TH STREET DETROIT MI 48216 203950718 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SPRINGWELLS PARTNERS V INC 1920 25TH STREET DETROIT MI 48216 261242162 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 0 0 1 1 1 0 0 0 0 0 0 0 0 1 1 1 0 0 0