2026-08-17T13:22:29-05:00 2025-09-30 390859910 BAKER TILLY ADVISORY GROUP LP 790 N WATER ST SUITE 2000 MILWAUKEE WI 53202 990 2024-10-01 462252476 SOUTHWEST ECONOMIC SOLUTIONS INC SOUT 3138419641 5716 MICHIGAN AVENUE 3000 DETROIT MI 48210 CHARLES ALLEN CHIEF FINANCIAL OFFICER 3138419641 2026-08-17 1 1 SHELBY NETZ P01405265 4147775500 2026-08-12 2024 2025-03-06 01:10:19Z MISIDE WEALTH SEAN DE FOUR 5716 MICHIGAN AVENUE 3000 DETROIT MI 48210 4527382 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. 7 7 46 7 0 0 3320292 4494888 56141 25227 9256 7717 1000 -450 3386689 4527382 0 0 0 0 2174749 2453960 0 0 0 1551897 2018502 3726646 4472462 -339957 54920 1715831 2226822 542452 987393 1173379 1239429 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 4371221 24777 PROVIDE PRE AND POSTPURCHASE HOMEOWNERSHIP COUNSELING AND EDUCATION TO COMMUNITY RESIDENTS, 580/YEAR.WORKFORCE DEVELOPMENT PROGRAMMING (INTEGRATED EDUCATION AND TRAINING) INCLUDING EARN AND LEARN (390/YEAR), CAREER CENTER (1,115/YEAR) AND YOUTHBUILD (39/YEAR).ADULT BASIC EDUCATION INCLUDING GED, ESL AND ABE TO 339/YEAR. 4371221 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 0 0 0 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 35 0 1 46 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 0 0 MI X CHARLES ALLEN 3134813103 5716 MICHIGAN AVENUE 3000 DETROIT MI 48210 SEAN DE FOUR PRESIDENT & CEO 3.75 33.75 X 0 271468 40532 MICHELLE R SHERMAN COO & CFO 1.88 35.63 X 0 232341 25683 HECTOR HERNANDEZ EXECUTIVE DIRECTOR - MIWEALTH 2.00 35.50 X 168600 0 31292 ROSEMARIE PACZKOWSKI CONTROLLER 37.50 0.00 X 116967 0 17885 STEPHAN VIVITSKY CHAIR 0.25 0.40 X X 0 0 0 CLAIRE LIENING VICE CHAIR 0.25 0.00 X X 0 0 0 ANGELA BALDWIN DIRECTOR 0.25 0.40 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 NAHEED HUQ DIRECTOR 0.25 0.00 X 0 0 0 PATRICK BROWN DIRECTOR 0.25 0.00 X 0 0 0 285567 503809 115392 2 0 1 0 0 91500 3393541 1009847 4494888 FORECLOSURE MITIGATION 541990 25227 25227 25227 7717 7717 REIMBURSEMENTS 900099 -450 -450 -450 4527382 24777 0 7717 X 199892 199892 1828990 1828990 1887 1887 277476 277476 145715 145715 9365 9365 991893 991893 12872 8632 4240 24969 24800 169 340728 333472 7256 53503 52015 1488 7620 7620 26265 16649 9616 33020 33020 PROGRAM COSTS 443446 442045 1401 FURNITURE/EQUIPMENT 16788 11685 5103 58033 36070 21963 4472462 4371221 101241 0 322672 241116 111375 287323 782385 1098788 0 32463 211706 94865 61249 116841 438150 450291 1715831 2226822 165411 213272 0 225000 377041 549121 542452 987393 X 467382 788566 705997 450863 1173379 1239429 1715831 2226822 54920 11130 0 X X 0 0 1 0 X 3516864 3226796 2876509 3320292 4494888 17435349 3516864 3226796 2876509 3320292 4494888 17435349 786785 16648564 553 701 4436 9256 7717 22663 22590 7744 1018 550 31902 17489914 189011 0.95190 0.88280 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE - 2020 AMOUNT: $ 22,590. 2021 AMOUNT: $ 7,744. 2022 AMOUNT: $ 1,018. 2023 AMOUNT: $ 550. 2024 AMOUNT: $ 0. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 58095 28519 29576 89652 62082 27570 63959 4264 59695 116841 LEASE RIGHT OF USE ASSETS, OPERATING 391079 DUE FROM MIHEALTH 20586 DUE FROM MIEARLYYEARS 36013 DUE FROM MIWEALTH 2613 450291 OPERATING LEASE LIABILITY 377040 DUE TO MISIDE 74819 DUE TO MIHOUSING 97262 549121 X X 0 0 0 0 0 0 0 0 0 SEAN DE FOUR PRESIDENT & CEO 0 252919 0 17739 0 810 0 4678 0 35854 0 312000 0 0 MICHELLE R SHERMAN COO & CFO 0 230019 0 0 0 2322 0 6685 0 18998 0 258024 0 0 HECTOR HERNANDEZ EXECUTIVE DIRECTOR - MIWEALTH 166216 0 0 0 2384 0 4657 0 26635 0 199892 0 0 0 PART I, LINE 3 THE COMPENSATION OF THE CEO AND EXECUTIVE DIRECTOR WAS ESTABLISHED BY A RELATED ORGANIZATION, SOUTHWEST SOLUTIONS, INC. D/B/A MISIDE COMMUNITY IMPACT NETWORK (FEIN: 38-2672000). THE ORGANIZATION UTILIZED THE FOLLOWING: A COMPENSATION COMMITTEE, AN INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. FORM 990, PART VI, SECTION A, LINE 1A SWES HAS A BOARD OF OF DIRECTORS WITH LIMITED AUTHORITY. THE SOUTHWEST SOLUTIONS D/B/A MISIDE COMMUNITY IMPACT NETWORK OR MISIDE GOVERNING BOARD HAS AUTHORITY OVER ALL SUBSIDIARIES. UP TO 3 MEMBERS OF THE SWES BOARD ARE MEMBERS OF THE MISIDE GOVERNING BOARD. THE MISIDE GOVERNING BOARD HAS A EXECUTIVE COMMITTEE MADE UP OF BOARD CHAIR, VICE CHAIR, BOARD SECRETARY, BOARD TREASURER, AND BOARD GOVERNANCE CHAIR. FORM 990, PART VI, SECTION A, LINE 6 SOUTHWEST ECONOMIC SOLUTIONS IS A WHOLLY-OWNED SUBSIDIARY OF SOUTHWEST SOLUTIONS D/B/A MISIDE COMMUNITY IMPACT NETWORK, THE PARENT COMPANY. FORM 990, PART VI, SECTION A, LINE 7A BOARD MEMBERS ARE APPOINTED BY SOUTHWEST SOLUTIONS D/B/A MISIDE COMMUNITY IMPACT NETWORK 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. D/B/A 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 D/B/A MISIDE COMMUNITY IMPACT NETWORK, 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 D/B/A MISIDE COMMUNITY IMPACT NETWORK, 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 270,448. TOTAL EXPENSES 270,448. ASO FEES: PROGRAM SERVICE EXPENSES 721,445. TOTAL EXPENSES 721,445. FORM 990, PART XII, LINE 3B: THE ORGANIZATION IS CURRENTLY UNDERGOING THE REQUIRED SINGLE AUDIT IN ACCORDANCE WITH UNIFORM GUIDANCE, 2 C.F.R PART 200, SUBPART F. THIS AUDIT WILL NOT BE COMPLETE AS OF THE EXTENDED DUE DATE OF THIS FILING. 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 5716 MICHIGAN AVENUE DETROIT MI 48210 383395578 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 HUBBARD COMMUNITIES I LDHALP 5716 MICHIGAN AVENUE DETROIT MI 48210 383304282 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 MACK ASHLAND LDHA LP 5716 MICHIGAN AVENUE DETROIT MI 48210 822796292 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 MACK ASHLAND II LDHA LP 5716 MICHIGAN AVENUE DETROIT MI 48210 263442169 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 MCKINSTRY PLACE LDHALP 5716 MICHIGAN AVENUE DETROIT MI 48210 452971351 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 MARTIN GARDENS LDHALP 5716 MICHIGAN AVENUE DETROIT MI 48210 383932577 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 NEWBERRY HOMES LDHALP 5716 MICHIGAN AVENUE DETROIT MI 48210 320411106 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 PIQUETTE SQUARE LDHALP 5716 MICHIGAN AVENUE DETROIT MI 48210 611418946 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 SAVANNAH-WILSHIRE LDHA LLC 5716 MICHIGAN AVENUE DETROIT MI 48210 383502647 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 SCOTTEN PARK LDHALP 5716 MICHIGAN AVENUE DETROIT MI 48210 208357786 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 SOUTHWEST HOUSING PARTNERS II LDHALP 5716 MICHIGAN AVENUE DETROIT MI 48210 383449365 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 5716 MICHIGAN AVENUE DETROIT MI 48210 383703121 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 MURRAY TOWNHOMES LLC 5716 MICHIGAN AVENUE DETROIT MI 48210 261404869 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 0 HUBBARD FARMS APTS LDHALP 5716 MICHIGAN AVENUE DETROIT MI 48210 861735994 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 ROYAL OAK COTTAGES I LDHA LLC 5716 MICHIGAN AVENUE DETROIT MI 48210 933035532 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 WELLSPRING LDHA LLC 5716 MICHIGAN AVENUE DETROIT MI 48210 843436316 LOW INCOME HOUSING DEVELOPMENT MI N/A 0 1 SW COOLIDGE PLACE INC 5716 MICHIGAN AVENUE DETROIT MI 48210 822625925 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 HUBBARD COMMUNITIES INC 5716 MICHIGAN AVENUE DETROIT MI 48210 261241940 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 MACK ASHLAND GP LLC 5716 MICHIGAN AVENUE DETROIT MI 48210 452960640 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 MACK ASHLAND II GP INC 5716 MICHIGAN AVENUE DETROIT MI 48210 465573484 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 MCKINSTRY PLACE INC 5716 MICHIGAN AVENUE DETROIT MI 48210 800927450 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 PIQUETTE SQUARE INC 5716 MICHIGAN AVENUE DETROIT MI 48210 208357651 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 PRESERVATION PARTNERS I LP INC 5716 MICHIGAN AVENUE DETROIT MI 48210 820613799 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 PRESERVATION PARTNERS I GP INC 5716 MICHIGAN AVENUE DETROIT MI 48210 820591376 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SAVANNAH-WILSHIRE LLC 5716 MICHIGAN AVENUE DETROIT MI 48210 853363917 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SCOTTEN PARK INC 5716 MICHIGAN AVENUE DETROIT MI 48210 271346522 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SWHP LP INC 5716 MICHIGAN AVENUE DETROIT MI 48210 383449366 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 PRESERVATION PARTNERS II LP INC 5716 MICHIGAN AVENUE DETROIT MI 48210 820631302 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 SOUTHWEST HOUSING PARTNERS II INC 5716 MICHIGAN AVENUE DETROIT MI 48210 161752267 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 MARTAIN GARDENS OF DETROIT LLC 5716 MICHIGAN AVENUE DETROIT MI 48210 861736520 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 ROYAL OAK COTTAGES I LLC 5716 MICHIGAN AVENUE DETROIT MI 48210 933081496 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 5800 SW GP LLC 5716 MICHIGAN AVENUE DETROIT MI 48210 861686680 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 WELLSPRING 5716 MICHIGAN AVENUE DETROIT MI 48210 LOW INCOME HOUSING DEVELOPMENT MI N/A C 0 0 0 1 1 1 0 0 0 0 1 0 0 1 1 1 1 0 0 0