2025-08-15T15:10:12-05:00 2024-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2023-10-01 462252476 SOUTHWEST ECONOMIC SOLUTIONS INC SOUT 3138419641 5716 MICHIGAN AVENUE 3000 DETROIT MI 48210 MICHELLE R SHERMAN CHIEF OPERATING OFFICER 3138419641 2025-08-15 1 1 SHELBY NETZ CPA P01405265 4147775500 2025-08-14 2023 2025-03-06 01:10:19Z MISIDE WEALTH SEAN DE FOUR 5716 MICHIGAN AVENUE 3000 DETROIT MI 48210 3386689 0 X WWW.MISIDE.ORG X 2013 MI SOUTHWEST ECONOMIC SOLUTIONS D/B/A MISIDE WEALTH (MIWEALTH) MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER ECONOMIC SUCCESS. 11 11 49 20 0 0 2876509 3320292 34734 56141 4436 9256 1018 1000 2916697 3386689 0 0 0 0 1840796 2174749 0 0 0 1338543 1551897 3179339 3726646 -262642 -339957 1904747 1715831 391411 542452 1513336 1173379 SOUTHWEST ECONOMIC SOLUTIONS D/B/A MISIDE WEALTH (MIWEALTH) MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER ECONOMIC SUCCESS. 0 0 3647984 56691 PROVIDE PRE AND POSTPURCHASE HOMEOWNERSHIP COUNSELING AND EDUCATION TO COMMUNITY RESIDENTS, 615/YEAR.WORKFORCE DEVELOPMENT PROGRAMMING (INTEGRATED EDUCATION AND TRAINING) INCLUDING EARN AND LEARN (287/YEAR), CAREER CENTER (1,717/YEAR) AND YOUTHBUILD (22/YEAR).ADULT BASIC EDUCATION INCLUDING GED, ESL AND ABE TO 240/YEAR. 3647984 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 20 0 1 49 1 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MI X MICHELLE R SHERMAN 3134813103 5716 MICHIGAN AVENUE 3000 DETROIT MI 48210 SEAN DE FOUR PRESIDENT & CEO 3.75 33.75 X 0 266948 39383 MICHELLE R SHERMAN COO & CFO 1.88 35.62 X 0 255622 24386 HECTOR HERNANDEZ EXECUTIVE DIRECTOR - MIWEALTH 35.50 2.00 X 183523 0 31166 KAREN GOVEN DIRECTOR OF WORKFORCE DEVELOPMENT 37.50 0.00 X 102451 0 29464 NAHEED HUQ CHAIR 0.25 0.40 X X 0 0 0 CLAIRE LIENING VICE CHAIR 0.25 0.00 X X 0 0 0 AKIL ALVIN DIRECTOR 0.25 0.00 X 0 0 0 ANGELA BALDWIN DIRECTOR 0.25 0.40 X 0 0 0 CHERYL MUNDAY DIRECTOR 0.25 0.90 X 0 0 0 DAN MARTINEZ DIRECTOR 0.25 0.00 X 0 0 0 DON JONES DIRECTOR 0.25 0.00 X 0 0 0 ERIC DORSEY DIRECTOR 0.25 0.00 X 0 0 0 MICHAEL WENDT DIRECTOR 0.25 0.00 X 0 0 0 PATRICK BROWN DIRECTOR 0.25 0.00 X 0 0 0 STEPHAN VIVITSKY DIRECTOR 0.25 0.00 X 0 0 0 285974 522570 124399 2 0 1 0 0 62500 100000 2346804 810988 3320292 MANAGEMENT FEES 541990 31800 31800 FORECLOSURE MITIGATION 541990 24341 24341 56141 9256 9256 450 0 450 450 REIMBURSEMENTS 900099 550 550 550 3386689 56691 0 9706 X 214690 214690 1578836 1577788 1048 10992 10992 241869 241869 128362 128362 19952 19952 802769 798056 4713 18669 15585 3084 26914 26904 10 330220 325955 4265 68846 65633 3213 19125 14626 4499 9047 1250 7797 PROGRAM COSTS 215344 214105 1239 FURNITURE/EQUIPMENT 11330 6202 5128 29681 5967 23714 3726646 3647984 78662 0 416246 322672 251073 111375 812655 782385 176693 115444 87245 61249 337528 438150 1904747 1715831 108188 165411 283223 377041 391411 542452 X 807339 467382 705997 705997 1513336 1173379 1904747 1715831 -339957 0 X 0 1 X 1 1 1 X 4166848 3516864 3226796 2876509 3320292 17107309 4166848 3516864 3226796 2876509 3320292 17107309 1963359 15143950 314 553 701 4436 9256 15260 740 22590 7744 1018 550 32642 17155211 210232 0.88280 0.90610 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2019 AMOUNT: $ 740. 2020 AMOUNT: $ 22,590. 2021 AMOUNT: $ 7,744. 2022 AMOUNT: $ 1,018. 2023 AMOUNT: $ 550. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58095 24646 33449 118598 90798 27800 61249 DUE FROM MISIDE 3393 LEASE RIGHT OF USE ASSETS, OPERATING 409078 DUE FROM MIHEALTH 24883 DUE FROM MIHOUSING 427 DUE FROM MIEARLYYEARS 369 438150 OPERATING LEASE LIABILITY 377041 377041 X PART X, LINE 2: MIWEALTH 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. X X 0 0 0 0 0 0 0 0 0 SEAN DE FOUR PRESIDENT & CEO 0 238438 0 15813 0 12697 0 4968 0 34415 0 306331 0 0 MICHELLE R SHERMAN COO & CFO 0 218594 0 18266 0 18762 0 6744 0 17642 0 280008 0 0 HECTOR HERNANDEZ EXECUTIVE DIRECTOR - MIWEALTH 157962 0 11693 0 13868 0 4896 0 26270 0 214689 0 0 0 PART I, LINE 3 THE COMPENSATION OF THE CEO AND EXECUTIVE DIRECTOR WAS ESTABLISHED BY A RELATED ORGANIZATION, SOUTHWEST SOLUTIONS, INC. DBA MISIDE COMMUNITY IMPACT NETWORK (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 ORGANIZATION REQUIRES CERTAIN MATTERS TO BE VOTED ON NOT ONLY BY THE GOVERNING BODY REPORTED ON FORM 990, PART VII, BUT BY THE GOVERNING BOARD OF SOUTHWEST SOLUTIONS, INC. DBA MISIDE COMMUNITY IMPACT NETWORK. THE DECISIONS REQUIRING THIS APPROVAL INCLUDE, BUT ARE NOT LIMITED TO, THE FOLLOWING: BUDGET APPROVAL, BYLAWS REVISIONS, FORMATION OF A NEW COMPANY, AND CAPITAL ACQUISITIONS GREATER THAN $250,000. EACH GOVERNING BOARD MEMBER WILL GET ONE VOTE ON THOSE MATTERS. 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 15A COMPENSATION OF THE CEO 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 THE CEO. ALL COMPENSATION MUST BE APPROVED BY THE BOARD OF DIRECTORS. WHILE AN ANNUAL REVIEW IS DONE, SALARIES ARE ADOPTED FOR THREE YEARS. THE CEO REVIEWS THE COMPENSATION STUDY ENGAGED BY SOUTHWEST SOLUTIONS, EVALUATES PERFORMANCE, AND DETERMINES COMPENSATION FOR THE EXECUTIVE DIRECTOR. 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. FORM 990, PART IX, LINE 11G OTHER PROFESSIONAL FEES: PROGRAM SERVICE EXPENSES 147,045. MANAGEMENT AND GENERAL EXPENSES 4,713. TOTAL EXPENSES 151,758. ASO FEES: PROGRAM SERVICE EXPENSES 651,011. TOTAL EXPENSES 651,011. BAGLEY HOUSING ASSOCIATION 1920 25TH STREET DETROIT MI 48216 382896273 HOUSING DEVELOPMENT MI 501(C)(3) LINE 7 SOUTHWEST HOUSING SOLUTIONS 0 SOUTHWEST COUNSELING SOLUTIONS DBA MISIDE HEALTH 5716 MICHIGAN AVENUE SUITE 3000 DETROIT MI 48210 382042021 MENTAL HEALTH COUNSELING MI 501(C)(3) LINE 10 SOUTHWEST SOLUTIONS 0 SOUTHWEST HOUSING SOLUTIONS DBA MISIDE HOUSING 5716 MICHIGAN AVENUE SUITE 3000 DETROIT MI 48210 382324335 LOW INCOME HOUSING DEVELOPMENT MI 501(C)(3) LINE 7 SOUTHWEST SOLUTIONS 0 SOUTHWEST SOLUTIONS DBA MISIDE COMMUNITY IMPACT NETWORK 5716 MICHIGAN AVENUE SUITE 3000 DETROIT MI 48210 382672000 ADMINISTRATIVE SUPPORT SERVICES MI 501(C)(3) LINE 12C, III-FI N/A 0 DEVELOPMENT CENTERS INC DBA MISIDE EARLY YEARS 5716 MICHIGAN AVENUE SUITE 3000 DETROIT MI 48210 382440204 COMMUNITY DEVELOPMENT MI 501(C)(3) LINE 7 SOUTHWEST 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