SOUTHWEST ECONOMIC SOLUTIONS D/B/A MISIDE WEALTH (MIWEALTH) MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER ECONOMIC SUCCESS.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$1.7M
-9.9% YoY
Revenue
$3.4M
+16.1% YoY
Net Investment Income
$9K
+108.7% YoY
Expenses
$3.7M
+17.2% YoY
About Southwest Economic Solutions Inc
Based on IRS filings
Southwest Economic Solutions Inc is a nonprofit organization focused on Human Services, based in DETROIT, MI. IRS filing data is available from 2019 through 2024. As of 2024, the organization holds $1.7M in total assets. Net investment income was $9K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $1,715,831 | $1,904,747 | $1,852,921 |
| Revenue | $3,386,689 | $2,916,697 | $3,255,940 |
| Expenses | $3,726,646 | $3,179,339 | $2,830,064 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $9,256 | $4,436 | $701 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
3 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SEAN DE FOUR | PRESIDENT & CEO | 3.75 | — |
| MICHELLE R SHERMAN | COO & CFO | 1.88 | — |
| HECTOR HERNANDEZ | EXECUTIVE DIRECTOR - MIWEALTH | 35.5 | $183,523 |
| KAREN GOVEN | DIRECTOR OF WORKFORCE DEVELOPMENT | 37.5 | $102,451 |
| NAHEED HUQ | CHAIR | 0.25 | — |
| CLAIRE LIENING | VICE CHAIR | 0.25 | — |
| AKIL ALVIN | DIRECTOR | 0.25 | — |
| ANGELA BALDWIN | DIRECTOR | 0.25 | — |
| CHERYL MUNDAY | DIRECTOR | 0.25 | — |
| DAN MARTINEZ | DIRECTOR | 0.25 | — |
| DON JONES | DIRECTOR | 0.25 | — |
| ERIC DORSEY | DIRECTOR | 0.25 | — |
| MICHAEL WENDT | DIRECTOR | 0.25 | — |
| PATRICK BROWN | DIRECTOR | 0.25 | — |
| STEPHAN VIVITSKY | DIRECTOR | 0.25 | — |
Subject Areas
Focus areas based on grantmaking activity
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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