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← SOUTHWEST HOUSING SOLUTIONS CORPORATION

Form 990 for tax year 2023

Filed by SOUTHWEST HOUSING SOLUTIONS CORPORATION.

Totals

Total revenue
$4,279,350
Total expenses
$4,691,391
Contributions and grants received
$1,676,382
Grants paid
$0
Program service revenue
$1,958,528
Investment income
$139,749
Other revenue
$504,691
Total assets, end of year
$33,602,513
Total liabilities, end of year
$9,639,652
Net assets or fund balances, end of year
$23,962,861
Program services expenses (Part IX)
$4,473,764
Management and general expenses
$217,627
Fundraising expenses
$0
Program service expenses (Part III)
$4,473,764

Program services were 95.4% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $820,753

  • 1f · All other contributions, gifts and grants

    $855,629

  • 2a · Program service revenue: RENTAL INCOME

    total $1,085,457 · related or exempt $1,085,457

  • 2b · Program service revenue: DEVELOPER FEES

    total $637,549 · related or exempt $637,549

  • 2c · Program service revenue: PROPERTY MANAGEMENT FE

    total $235,522 · related or exempt $235,522

  • 3 · Investment income

    total $157,448 · excluded $157,448

  • 7a · Gross sales of assets other than inventory

    other assets $9,919

  • 7b · Less cost or other basis and sales expenses

    other assets $27,618

  • 7c · Gain or loss

    other assets -$17,699

  • 7d · Net gain or loss

    total -$17,699 · excluded -$17,699

  • 10a · Gross sales of inventory

    $123,486

  • 10b · Cost of goods sold

    $30,942

  • 10c · Net income from sales of inventory

    total $92,544 · related or exempt $92,544

  • 11a · Other revenue: MISCELLANEOUS

    total $412,147 · excluded $412,147

  • 11e · Other revenue, total

    $412,147

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $220,377 · program services $220,377

  • 7 · Other salaries and wages

    total $774,946 · program services $765,324 · management and general $9,622

  • 8 · Pension plan contributions

    total $14,866 · program services $14,623 · management and general $243

  • 9 · Other employee benefits

    total $170,421 · program services $170,421

  • 10 · Payroll taxes

    total $76,318 · program services $72,519 · management and general $3,799

  • 11a · Fees: management

    total $382,134 · program services $349,122 · management and general $33,012

  • 11b · Fees: legal

    total $95,584 · program services $29,347 · management and general $66,237

  • 11c · Fees: accounting

    total $128,071 · program services $119,797 · management and general $8,274

  • 11g · Fees: other

    total $1,047,247 · program services $995,640 · management and general $51,607

  • 13 · Office expenses

    total $19,652 · program services $15,737 · management and general $3,915

  • 16 · Occupancy

    total $330,526 · program services $316,447 · management and general $14,079

  • 17 · Travel

    total $13,287 · program services $12,590 · management and general $697

  • 20 · Interest

    total $312,655 · program services $303,323 · management and general $9,332

  • 22 · Depreciation, depletion and amortization

    total $356,466 · program services $356,353 · management and general $113

  • 23 · Insurance

    total $36,104 · program services $36,104

  • 24a · Other expenses: PROGRAM COSTS

    total $552,094 · program services $552,094

  • 24b · Other expenses: OTHER EXPENSES

    total $90,795 · program services $74,098 · management and general $16,697

  • 24c · Other expenses: DEVELOPMENT AND COMMUNI

    total $39,337 · program services $39,337

  • 24d · Other expenses: ORGANIZATIONAL FEES

    total $28,382 · program services $28,382

  • 24e · All other expenses

    total $2,129 · program services $2,129

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,258,719 · end of year $333,182

  • 2 · Savings and temporary cash investments

    beginning of year $1,628,477 · end of year $1,899,812

  • 4 · Accounts receivable

    beginning of year $696,777 · end of year $393,402

  • 7 · Other notes and loans receivable

    beginning of year $14,120,383 · end of year $13,372,029

  • 8 · Inventories for sale or use

    beginning of year $2,540,604 · end of year $3,006,187

  • 9 · Prepaid expenses and deferred charges

    beginning of year $50,966 · end of year $93,279

  • 10a · Land, buildings and equipment: cost or other basis

    $14,450,144

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,166,119

  • 10c · Land, buildings and equipment, net

    beginning of year $9,621,087 · end of year $9,284,025

  • 12 · Investments: other securities

    beginning of year $562,734 · end of year $1,185,634

  • 15 · Other assets

    beginning of year $5,017,259 · end of year $4,034,963

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,101,791 · end of year $874,931

  • 19 · Deferred revenue

    beginning of year $169,831 · end of year $81,996

  • 23 · Secured mortgages and notes payable

    beginning of year $5,163,656 · end of year $5,030,837

  • 25 · Other liabilities

    beginning of year $2,143,836 · end of year $3,651,888

  • 27 · Net assets without donor restrictions

    beginning of year $24,885,199 · end of year $23,671,178

  • 28 · Net assets with donor restrictions

    beginning of year $2,032,693 · end of year $291,683

Mission and programs · 2023

Mission

SOUTHWEST HOUSING SOLUTIONS D/B/A MISIDE HOUSING'S MISSION IS CARING PROFESSIONALS HELPING TO IMPROVE THE COMMUNITY THROUGH HOUSING AND REAL ESTATE DEVELOPMENT.

Activities or mission (Part I)

SOUTHWEST HOUSING SOLUTIONS D/B/A MISIDE HOUSING IS RECOGNIZED AS A LEADER IN DEVELOPING & MANAGING HIGH-QUALITY AFFORDABLE APARTMENTS AND TOWNHOUSES FOR RENT OR HOMEOWNERSHIP. WE PROVIDE OPPORTUNITIES FOR ALL RESIDENTS TO WORK TOGETHER TO HELP REVITALIZE NEIGHBORHOODS AND IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY. OUR MANAGEMENT TEAM IS EXPERIENCED AND BILINGUAL, AND COMMITTED TO RESIDENT SATISFACTION.

  • PROPERTY MANAGEMENT OF LOW INCOME/TAX CREDIT HOUSING. THE ORGANIZATION PROVIDES PROPERTY MANAGEMENT AND LEASING SERVICES FOR 603 LOW INCOME APARTMENT UNITS ANNUALLY.SOUTHWEST HOUSING SOLUTIONS IS RECOGNIZED AS A LEADER IN PROVIDING HIGH-QUALITY AFFORDABLE APARTMENTS AND TOWNHOUSES FOR RENT. WE PROVIDE OPPORTUNITIES FOR ALL RESIDENTS TO WORK TOGETHER TO IMPROVE THE QUALITY OF LIFE IN THE COMMUNITY. OUR MANAGEMENT TEAM IS EXPERIENCED AND BILINGUAL, AND COMMITTED TO RESIDENT SATISFACTION.DEVELOPMENT OF LOW INCOME/TAX CREDIT HOUSING. THE ORGANIZATION HAS DEVELOPED 15 LIHTC PROPERTIES SINCE 1998 AND CONTINUES EFFORTS FOR NEIGHBORHOOD REVITALIZATION THROUGH RESIDENTIAL AND COMMERCIAL DEVELOPMENT.

    Expenses $4,473,764 · Revenue $2,051,072

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Albert Fields

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 0.4 related

  • Vanessa Johnson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.25 + 0.4 related

  • Kathryn Brennan

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.25

  • Diana Franco

    DIRECTOR (START 01/2024)

    Total calculated
    $0
    Hours/week
    0.25

  • Gehad Alawan

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25

  • Juanita Hernandez

    DIRECTOR (TERM 12/2023)

    Total calculated
    $0
    Hours/week
    0.25

  • Kevin Outland

    DIRECTOR (START 01/2024)

    Total calculated
    $0
    Hours/week
    0.25 + 0.65 related

  • Ron Rose

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.4 related

  • Steven Kosuda

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.25 + 0.4 related

  • Sean De Four

    PRESIDENT & CEO

    Total calculated
    $306,331
    From this org
    $0
    From related orgs
    $266,948
    Other
    $39,383
    Hours/week
    7.5 + 30 related

    Schedule J breakdown matched by us

    Base
    $0 + $238,438 related
    Bonus
    $0 + $15,813 related
    Other
    $0 + $12,697 related
    Deferred
    $0 + $4,968 related
    Nontaxable benefits
    $0 + $34,415 related
    Filer's total
    $0 + $306,331 related

  • Michelle Sherman

    COO & CFO

    Total calculated
    $280,008
    From this org
    $0
    From related orgs
    $255,622
    Other
    $24,386
    Hours/week
    3.75 + 33.75 related

    Schedule J breakdown matched by us

    Base
    $0 + $218,594 related
    Bonus
    $0 + $18,266 related
    Other
    $0 + $18,762 related
    Deferred
    $0 + $6,744 related
    Nontaxable benefits
    $0 + $17,642 related
    Filer's total
    $0 + $280,008 related

  • Timothy Thorland

    EXECUTIVE DIRECTOR - SWHS

    Total calculated
    $220,377
    From this org
    $187,610
    From related orgs
    $0
    Other
    $32,767
    Hours/week
    35.5 + 2 related

    Schedule J breakdown matched by us

    Base
    $161,038
    Bonus
    $12,245
    Other
    $14,327
    Deferred
    $1,700
    Nontaxable benefits
    $31,067
    Filer's total
    $220,377

  • Jennifer Tuck

    HOUSING DIRECTOR OF OPERATIONS

    Total calculated
    $159,114
    From this org
    $124,351
    From related orgs
    $0
    Other
    $34,763
    Hours/week
    35.5 + 2 related

    Schedule J breakdown matched by us

    Base
    $117,027
    Bonus
    $6,961
    Other
    $363
    Deferred
    $0
    Nontaxable benefits
    $34,763
    Filer's total
    $159,114

  • Janay Eisenmenger

    DIRECTOR OF REAL ESTATE DEVELOPMENT

    Total calculated
    $138,384
    From this org
    $133,337
    From related orgs
    $0
    Other
    $5,047
    Hours/week
    37.5

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3:
THE COMPENSATION WAS ESTABLISHED BY A RELATED ORGANIZATION. THE ORGANIZATION UTILIZED THE FOLLOWING: AN INDEPENDENT COMPENSATION CONSULTANT, FROM 990 OF OTHER ORGANIZATIONS, A COMPENSATION SURVEY/STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MICHIGAN LENDING SOLUTIONS

    CONSUMER LENDING · MI · income $9,376 · assets $1,676,997

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • 5716 PARTNERS LLC

    OFFICE BUILDING · MI · income -$113,274 · assets $9,122,263

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • COOLIDGE PLACE LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income -$31 · share of assets $713 · general or managing partner

  • HUBBARD COMMUNITIES I LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income -$39 · share of assets $330 · general or managing partner

  • MACK ASHLAND LDHA LP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income -$35 · share of assets $578 · general or managing partner

  • MACK ASHLAND II LDHA LP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income -$24 · share of assets $576 · general or managing partner

  • MCKINSTRY PLACE LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income -$30 · share of assets $365 · general or managing partner

  • MARTIN GARDENS LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$318,256 · share of assets $2,128,078 · general or managing partner

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • NEWBERRY HOMES LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income $98,624 · share of assets $1,722,277 · general or managing partner

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • PIQUETTE SQUARE LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income -$90 · share of assets $1,509 · general or managing partner

  • SAVANNAH-WILSHIRE LDHA LLC

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income -$49 · share of assets $762 · general or managing partner

  • SCOTTEN PARK LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income -$24 · share of assets $364 · general or managing partner

  • SOUTHWEST HOUSING PARTNERS LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income $2,657,097 · general or managing partner

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • SOUTHWEST HOUSING PARTNERS II LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income -$43 · share of assets $281 · general or managing partner

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • SPRINGWELLS PARTNERS IV LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income $99 · general or managing partner

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • SPRINGWELLS PARTNERS V LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 0.01% owned · share of income -$23 · share of assets $231 · general or managing partner

  • 5716 5728 MICHIGAN CONDOMINIUM ASSOCIATION

    RELATED · CONDO. ASSOCIATION · MI · 77% owned · share of income $28,910 · share of assets $230,158 · general or managing partner

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • 5800 LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income $15,014 · share of assets $12,935,000 · general or managing partner

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • HUBBARD FARMS APTS LDHALP

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income $2,732 · share of assets $8,910,284 · general or managing partner

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • MURRAY TOWNHOMES LLC

    RELATED · LOW INCOME HOUSING DEVELOPMENT · MI · 10% owned · general or managing partner

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • SW COOLIDGE PLACE INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$31 · share of assets $713

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • HUBBARD COMMUNITIES INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$39 · share of assets $330

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • MACK ASHLAND GP LLC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 79% owned · share of income -$28 · share of assets $457

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • MACK ASHLAND II GP INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$24 · share of assets $576

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • MCKINSTRY PLACE INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$30 · share of assets $365

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • PIQUETTE SQUARE INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$90 · share of assets $1,509

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • PRESERVATION PARTNERS I LP INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income $98,614 · share of assets $1,722,105

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • PRESERVATION PARTNERS I GP INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income $10 · share of assets $172

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • SAVANNAH-WILSHIRE LLC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$49 · share of assets $762

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • SCOTTEN PARK INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$24 · share of assets $364

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • SOUTHWEST HOUSING PARTNERS INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income $234 · share of assets $213

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • SWHP LP INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income $2,656,831

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • PRESERVATION PARTNERS II LP INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$318,225 · share of assets $2,127,865

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • SOUTHWEST HOUSING PARTNERS II INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$43 · share of assets $281

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • SPRINGWELLS PARTNERS IV INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income $99

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

  • SPRINGWELLS PARTNERS V INC

    C · LOW INCOME HOUSING DEVELOPMENT · MI · 100% owned · share of income -$23 · share of assets $231

    Directly controlled by SOUTHWEST HOUSING SOLUTIONS

Provenance

Return type
form_990
Tax year
2023
Filed
15 August 2025
IRS schema version
2023v6.0
Source object
202542279349302999

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