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 2024.
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
Frequently Asked Questions
What is Southwest Economic Solutions Inc?
Southwest Economic Solutions Inc is a nonprofit organization focused on Human Services, based in DETROIT, MI. It holds $1.7M in total assets as of 2024.
How large is Southwest Economic Solutions Inc?
As of 2024, Southwest Economic Solutions Inc holds $1.7M in total assets with $3.4M in annual revenue.
Where does Southwest Economic Solutions Inc operate?
Southwest Economic Solutions Inc has awarded grants in Michigan.
What is Southwest Economic Solutions Inc's EIN?
Southwest Economic Solutions Inc's EIN (Employer Identification Number) is 46-2252476. IRS Form 990 filing data is available on this page for 2019–2024.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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