Nonprofit · EIN 46-2252476
SOUTHWEST ECONOMIC SOLUTIONS
Tax-exempt · DETROIT, MI 48210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| September 30, 2025 | 990 | $4,527,382 | $4,472,462 | $54,920 | $2,226,822 | $987,393 | $1,239,429 |
| September 30, 2024 | 990 | $3,386,689 | $3,726,646 | -$339,957 | $1,715,831 | $542,452 | $1,173,379 |
| September 30, 2023 | 990 | $2,916,697 | $3,179,339 | -$262,642 | $1,904,747 | $391,411 | $1,513,336 |
Financial details: 990 for the year ended September 30, 2025
Revenue
- Contributions, gifts and grants
- $4,494,888
- of which government grants
- $3,393,541
- Program service revenue
- $25,227
- Investment income
- $7,717
- Other revenue
- -$450
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $199,892
- Other salaries and wages
- $1,828,990
- Salaries, compensation and benefits (total)
- $2,453,960
- Professional fundraising fees
- $0
- Accounting fees
- $9,365
- Occupancy
- $340,728
- Travel
- $53,503
- Depreciation
- $26,265
- Program services (functional)
- $4,371,221
- Management and general (functional)
- $101,241
Balance sheet and other
- Total assets, start of year
- $1,715,831
- Total assets, end of year
- $2,226,822
- Total liabilities, end of year
- $987,393
- Net assets, end of year
- $1,239,429
- Land, buildings and equipment
- $116,841
- Net assets without donor restrictions
- $788,566
- Net assets with donor restrictions
- $450,863
- Gross receipts
- $4,527,382
- Employees
- 46
- Volunteers
- 7
- Year formed
- 2013
- State of legal domicile
- MI
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended September 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SEAN DE FOUR | PRESIDENT & CEO Officer | 3.75 | $0 | $271,468 | $40,532 |
| MICHELLE R SHERMAN | COO & CFO Officer | 1.88 | $0 | $232,341 | $25,683 |
| HECTOR HERNANDEZ | EXECUTIVE DIRECTOR - MIWEALTH Key employee | 2 | $168,600 | $0 | $31,292 |
| ROSEMARIE PACZKOWSKI | CONTROLLER Highest-paid employee | 37.5 | $116,967 | $0 | $17,885 |
| STEPHAN VIVITSKY | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| CLAIRE LIENING | VICE CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| ANGELA BALDWIN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| ERIC DORSEY | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MICHAEL WENDT | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| NAHEED HUQ | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| PATRICK BROWN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended September 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| SEAN DE FOUR | PRESIDENT & CEO Officer | 3.75 | $0 | $266,948 | $39,383 |
| MICHELLE R SHERMAN | COO & CFO Officer | 1.88 | $0 | $255,622 | $24,386 |
| HECTOR HERNANDEZ | EXECUTIVE DIRECTOR - MIWEALTH Officer | 35.5 | $183,523 | $0 | $31,166 |
| KAREN GOVEN | DIRECTOR OF WORKFORCE DEVELOPMENT Highest-paid employee | 37.5 | $102,451 | $0 | $29,464 |
| NAHEED HUQ | CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| CLAIRE LIENING | VICE CHAIR Trustee or director, Officer | 0.25 | $0 | $0 | $0 |
| AKIL ALVIN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| ANGELA BALDWIN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| CHERYL MUNDAY | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| DAN MARTINEZ | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| DON JONES | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| ERIC DORSEY | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| MICHAEL WENDT | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| PATRICK BROWN | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
| STEPHAN VIVITSKY | DIRECTOR Trustee or director | 0.25 | $0 | $0 | $0 |
990 for the year ended September 30, 2023: 24 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MICHELLE R SHERMAN SWS | COO & CFO Officer | 2 | $0 | $268,463 | $22,729 |
| SEAN DE FOUR SWS | PRESIDENT&CEO Officer | 2.5 | $0 | $245,664 | $34,176 |
| HECTOR HERNANDEZ SWS | EXECUTIVE DIRECTOR - ECONOMICS Officer | 35.5 | $173,511 | $0 | $26,417 |
| STEPHANIE MILLER | CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| MARK LEZOTTE | VICE CHAIR Trustee or director, Officer | 1 | $0 | $0 | $0 |
| RON ROSE | SECRETARY Trustee or director, Officer | 1 | $0 | $0 | $0 |
| DAN SHARE | TREASURER Trustee or director, Officer | 1 | $0 | $0 | $0 |
| ALBERT FIELDS | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| ALEKSANDRA A MIZIOLEK | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| ANGELA BALDWIN | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| AVEC O'BRIEN | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| CHRIS LEZOVICH | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| DAVID KIEFER | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| DORIS PATRICK | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| DUANE M LEWIS | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| ELAINE BUCKBERG | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| JOSEPH M TASSE | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| LAURA APPEL | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| MILTON MACK | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| NAHEED HUQ | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| NORMA HUIZAR | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| SHENISE FOOTE | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| STEVEN KOSUDA | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
| VANESSA JOHNSON | DIRECTOR (SWS) Trustee or director | 1 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5716 MICHIGAN AVENUE 3000, DETROIT, MI 48210-3039
- In care of
- % PAYROLLSWSOLORG
- Principal officer (990 for 2024)
- SEAN DE FOUR, 5716 MICHIGAN AVENUE 3000, DETROIT, MI 48210
- Signed the 990
- CHARLES ALLEN, CHIEF FINANCIAL OFFICER
- Phone
- (313) 841-9641
- Website
- WWW.MISIDE.ORG
- Return prepared by
- BAKER TILLY ADVISORY GROUP LP
Mission
SOUTHWEST ECONOMIC SOLUTIONS D/B/A MISIDE WEALTH (MIWEALTH) MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER ECONOMIC SUCCESS.
Program accomplishments
- 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.Expenses $4,371,221 · revenue $24,777
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in September, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | September 30, 2026 | February 16, 2027 | Not due yet |
| 2024 | September 30, 2025 | February 17, 2026 | 990 on file |
| 2023 | September 30, 2024 | February 18, 2025 | 990 on file |
IRS record
- EIN
- 46-2252476
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2014
- Accounting year ends
- September
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P51)
- Assets (IRS master file)
- $2,226,822
- Income (IRS master file)
- $4,527,382
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | September 2025 | $4,527,382 | $4,472,462 | $2,226,822 | XML |
| 990 | September 2024 | $3,386,689 | $3,726,646 | $1,715,831 | XML |
| 990 | September 2023 | $2,916,697 | $3,179,339 | $1,904,747 | XML |
| 990 | September 2022 | $3,255,940 | $2,830,064 | $1,852,921 | IRS |
| 990 | September 2021 | – | – | – | IRS |
| 990 | September 2020 | – | – | – | IRS |
| 990 | September 2019 | – | – | – | IRS |
| 990 | September 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 46-2252476).
Questions about SOUTHWEST ECONOMIC SOLUTIONS
- What is the EIN of SOUTHWEST ECONOMIC SOLUTIONS?
- The employer identification number (EIN) of SOUTHWEST ECONOMIC SOLUTIONS is 46-2252476.
- Is SOUTHWEST ECONOMIC SOLUTIONS tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2014.
- Are donations to SOUTHWEST ECONOMIC SOLUTIONS tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does SOUTHWEST ECONOMIC SOLUTIONS file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of SOUTHWEST ECONOMIC SOLUTIONS due?
- The return for tax year 2025 (the year ending September 30, 2026) is due February 16, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did SOUTHWEST ECONOMIC SOLUTIONS last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended September 2025.
- Who is the principal officer of SOUTHWEST ECONOMIC SOLUTIONS?
- The 990 for the year ended September 30, 2025 names SEAN DE FOUR.
- Who are the officers and directors of SOUTHWEST ECONOMIC SOLUTIONS?
- The 990 for the year ended September 30, 2025 lists 11 people; 2 received compensation from the organization.
- How much revenue does SOUTHWEST ECONOMIC SOLUTIONS have?
- On its 990 for the year ended September 30, 2025 it reported revenue of $4,527,382, expenses of $4,472,462 and total assets of $2,226,822 at year end.
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