Civic Intelligence

Southwest Economic Solutions Inc

990 • Fiscal year 2015 • EIN 46-2252476

Oct 01, 2014 to Sep 30, 2015 • Filed on Aug 15, 2016

5716 Michigan AvenueDetroit, MI 48210

(313) 841-9641

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

86th percentile

0.74x

Higher debt load relative to assets than 86% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

64th percentile

0.22x

Higher debt load relative to revenue than 64% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Net Margin

59th percentile

5.7%

Higher net margin than 59% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

95th percentile

$315,015

Higher top officer pay than 95% of similar nonprofits.

Top officer pay equals 7.2% of source-year revenue.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Source year 2015

Asset Growth

93rd percentile

62%

Faster asset growth than 93% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

21st percentile

-11%

Faster revenue growth than 21% of similar nonprofits.

2015 filings • 501(c)3 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Assets

Up

$1,299,402

Up $497,887 (+62%) from 2014

Net Assets

Up

$332,248

Up $247,204 (+291%) from 2014

Liabilities

Up

$967,154

Up $250,683 (+35%) from 2014

Revenue

Down

$4,347,615

Down $562,914 (-11%) from 2014

Expenses

Down

$4,100,411

Down $829,963 (-17%) from 2014

Net Income

Up

$247,204

Up $267,049 (+1346%) from 2014

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2014: $801,515Liabilities 2014: $716,471Net Assets 2014: $85,0442014Assets 2015: $1,299,402Liabilities 2015: $967,154Net Assets 2015: $332,2482015Assets 2016: $1,160,369Liabilities 2016: $1,109,078Net Assets 2016: $51,2912016Assets 2017: $1,970,090Liabilities 2017: $1,609,958Net Assets 2017: $360,1322017Assets 2018: $2,842,691Liabilities 2018: $1,628,028Net Assets 2018: $1,214,6632018Assets 2019: $1,965,091Liabilities 2019: $1,505,884Net Assets 2019: $459,2072019Assets 2020: $1,712,012Liabilities 2020: $1,898,965Net Assets 2020: -$186,9532020Assets 2021: $1,547,756Liabilities 2021: $197,654Net Assets 2021: $1,350,1022021Assets 2022: $1,852,921Liabilities 2022: $76,943Net Assets 2022: $1,775,9782022Assets 2023: $1,904,747Liabilities 2023: $391,411Net Assets 2023: $1,513,3362023Assets 2024: $1,715,831Liabilities 2024: $542,452Net Assets 2024: $1,173,3792024

Highlighted filing

2015

Assets$1,299,402
Liabilities$967,154
Net Assets$332,248

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2014: $4,910,529Expenses 2014: $4,930,374Net Income 2014: -$19,8452014Revenue 2015: $4,347,615Expenses 2015: $4,100,411Net Income 2015: $247,2042015Revenue 2016: $4,143,163Expenses 2016: $4,424,120Net Income 2016: -$280,9572016Revenue 2017: $4,019,904Expenses 2017: $4,163,551Net Income 2017: -$143,6472017Revenue 2018: $5,357,693Expenses 2018: $4,503,162Net Income 2018: $854,5312018Revenue 2019: $4,360,102Expenses 2019: $4,404,776Net Income 2019: -$44,6742019Revenue 2020: $4,213,608Expenses 2020: $4,703,247Net Income 2020: -$489,6392020Revenue 2021: $3,561,883Expenses 2021: $3,429,484Net Income 2021: $132,3992021Revenue 2022: $3,255,940Expenses 2022: $2,830,064Net Income 2022: $425,8762022Revenue 2023: $2,916,697Expenses 2023: $3,179,339Net Income 2023: -$262,6422023Revenue 2024: $3,386,689Expenses 2024: $3,726,646Net Income 2024: -$339,9572024

Highlighted filing

2015

Revenue$4,347,615
Expenses$4,100,411
Net Income$247,204
Jump To
Filing Snapshot
Filing Period
Oct 1, 2014 to Sep 30, 2015
Signed
Aug 15, 2016
Return Version
2014v6.0
Gross Receipts
$4,348,754
Mission and Program Overview

Mission

Southwest economic solutions mission is to provide opportunities for individuals and families to achieve greater economic success.

Southwest economic solutions mission is to provide opportunites for individuals and families to achieve greater economic success.

Balance Sheet Detail
LineBeginningEndChange
Assets
Accounts Receivable$526,199$725,824▲ $199,625
Cash and Non-Interest-Bearing Accounts$101,657$339,846▲ $238,189
Land, Buildings, and Equipment, Net$162,431$217,551▲ $55,120
Prepaid Expenses and Deferred Charges$5,060$10,013▲ $4,953
Total Assets$801,515$1,299,402▲ $497,887
Other Assets Total$6,168$6,168→ $0
Liabilities
Other Liabilities$493,176$444,467▼ $48,709
Accounts Payable and Accrued Expenses$223,295$320,830▲ $97,535
Deferred Revenue-$201,857-
Total Liabilities$716,471$967,154▲ $250,683
Net Assets / Fund Balance
Unrestricted Net Assets$80,044$327,248▲ $247,204
Temporarily Rstr Net Assets$5,000$5,000→ $0
Total Net Assets Fund Balance$85,044$332,248▲ $247,204
Total Liabilities and Net Assets / Fund Balance$801,515$1,299,402▲ $497,887

Asset Categories

AssetBook ValueDepreciationBasis
Leasehold Improvements$95,242$5,682$100,924
Other Land Buildings$80,145$19,212$99,357
Equipment$42,164$7,648$49,812
Compensation and Service Providers

Employees

NameTitleFull / Part TimeOtherTotal
Hector HernandezExecutive DirectorFT$119,458$119,458

Board Members and Trustees

NameTitle
Armando OjedaChairperson
John Van CampPresident and CEO
Ahmad EzzeddineDirector
Hassan FarajDirector
Linda WestDirector
Luis GarciaDirector
Mary SeraphinoffDirector
Niles HeronDirector
Quantez PressleyDirector
Steven KosudaDirector
Lenora Hardy-fosterCFO
Erika RiggsSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$4,280,799
Program Service Revenue
$51,320
Investment Income
$14,277
Other Revenue
$1,219
All Other Contributions
$527,996
Change in Net Assets
$247,204
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,925,061
Other Expenses$1,870,319
Grants and Similar Amounts Paid$305,031
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,537,372$4,383-$1,541,755
Fees for Services Management-$839,519-$839,519
Fees for Services Other$381,267$5,037-$386,304
Grants to Domestic Orgs$305,031--$305,031
Other Employee Benefits$236,201$749-$236,950
Occupancy$201,512--$201,512
Payroll Taxes$145,893$463-$146,356
Office Expenses$75,932--$75,932
Travel$36,415--$36,415
Other Expenses$35,009--$35,009
Depreciation Depletion$26,468--$26,468
Advertising$14,970--$14,970
All Other Expenses$14,307$20-$14,327
Conferences and Meetings$7,205$6-$7,211
Fees for Services Legal-$1,170-$1,170
Total Functional Expenses$3,249,064$851,347$0$4,100,411
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Focus HopeDetroit, MI501(c)(3)Workforce Development Partnership$239,912
Prosperus Micro LendingDetroit, MI501(c)(3)Establish Micro Loan Fund$65,119
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Related Party Liabilities$444,467
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 6

Southwest economic solutions is a wholly-owned subsidiary of southwest solutions, the parent company.

Form 990, Part VI, Section A, Line 7A

Board members are appointed by southwest solutions board of directors. Nominees are proposed by southwest economic solutions board of directors.

Form 990, Part VI, Section A, Line 7B

The southwest solutions board approves certain decisions of southwest economic solutions board of directors including but not limited to the following: budget approval, bylaws revisions, formation of a new company, and capital acquisitions greater than $250,000.

Form 990, Part VI, Section B, Line 11

The 990 was prepared by an independent accounting firm. The 990 was reviewed by the corporate controller and provided to the board of directors for their review prior to the filing of the form 990.

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 15

Compensation is set by the compensation committee of southwest solutions, 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 ceo and key employees. All compensation must be approved by the board of directors. While an annual review is done, salaries are adopted for three years. The salary adoption process was last conducted in 2013 and went into effect october 2014.

Form 990, Part VI, Section C, Line 19

Governing documents, conflict of interest policy, and the organization's financial statements are made available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Southwest Economic Solutions Inc
EIN
46-2252476
Phone
3138419641
Address
5716 MICHIGAN AVENUE, DETROIT, MI 48210

Signing Officer

Name
John Van Camp
Title
President and CEO
Phone
3134813102
Signed
2016-08-15
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Van Camp
Formed
2013
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
53
Volunteers
10

Preparer

Firm
Plante & Moran Pllc
Address
PO BOX 307, SOUTHFIELD, MI 48037-0307
Preparer
Lynne Huismann
Phone
2483522500
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

The finance and audit committee of southwest solutions oversees the audit process and approves the independent audit firm. Southwest economic solutions is wholly-owned subsidiary of southwest solutions. This process has not changed from prior year.

Financial Statement Notes

PART X, LINE 2:

Accounting principles generally accepted in the united states of america require management to evaluate tax positions taken by housing and related consolidated entities and recognize a tax liability if housing has taken an uncertain position that more likely than not would not be sustained upon examination by the irs or other applicable taxing authorities. Management has analyzed the tax positions taken by housing and related consolidated entities and has concluded that as of september 30, 2015, there are not uncertain positions taken or expected to be taken that would require recognition of a liability or disclosure in the consolidated financial statements. Housing is subject to routine audits by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. Management believes it is no longer subject to income tax examinations for years prior to 2012.

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IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt032542
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0162431
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0217551
IRS990/LandBldgEquipCostOrOtherBssAmt0250093
IRS990/LegalDomicileStateCd0MI
IRS990/LessCostOthBasisSalesExpnssGrp/OtherAmt01139
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd01
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0SOUTHWEST ECONOMIC SOLUTIONS MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER ECONOMIC SUCCESS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt085044
IRS990/NetAssetsOrFundBalancesEOYAmt0332248
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt013861
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt013861
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0201512
IRS990/OccupancyGrp/TotalAmt0201512
IRS990/OfficeExpensesGrp/ProgramServicesAmt075932
IRS990/OfficeExpensesGrp/TotalAmt075932
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt06168
IRS990/OtherAssetsTotalGrp/EOYAmt06168
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0749
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0236201
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0236950
IRS990/OtherExpensesGrp/Desc0PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1MICRO LOAN OPERATIONS
IRS990/OtherExpensesGrp/Desc2WELCOME MAT SERVICES
IRS990/OtherExpensesGrp/Desc3PROGRAM EVALUATION
IRS990/OtherExpensesGrp/ProgramServicesAmt094502
IRS990/OtherExpensesGrp/ProgramServicesAmt172883
IRS990/OtherExpensesGrp/ProgramServicesAmt264097
IRS990/OtherExpensesGrp/ProgramServicesAmt335009
IRS990/OtherExpensesGrp/TotalAmt094502
IRS990/OtherExpensesGrp/TotalAmt172883
IRS990/OtherExpensesGrp/TotalAmt264097
IRS990/OtherExpensesGrp/TotalAmt335009
IRS990/OtherLiabilitiesGrp/BOYAmt0493176
IRS990/OtherLiabilitiesGrp/EOYAmt0444467
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt01219
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt01219
IRS990/OtherRevenueTotalAmt01219
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt04383
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01537372
IRS990/OtherSalariesAndWagesGrp/TotalAmt01541755
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0463
IRS990/PayrollTaxesGrp/ProgramServicesAmt0145893
IRS990/PayrollTaxesGrp/TotalAmt0146356
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt05060
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt010013
IRS990/PrincipalOfficerNm0JOHN VAN CAMP
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FORECLOSURE MITIGATION
IRS990/ProgramServiceRevenueGrp/Desc1APPLICATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt048514
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt12806
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt048514
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt12806
IRS990/ProgSrvcAccomActy2Grp/Desc0WORKFORCE DEVELOPMENT PROGRAMMING INCLUDING EARN AND LEARN AND PROSPEROUS PROGRAMS WHICH PROVIDE JOB SKILLS AND BUSINESS DEVELOPMENT TRAINING THROUGH COHORTS WITH PARTNERING AGENCIES.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt01676356
IRS990/ProgSrvcAccomActy2Grp/GrantAmt0305031
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt048839
IRS990/ProgSrvcAccomActy3Grp/Desc0FINANCIAL AND ADULT LITERACY PROGRAMMING THROUGH FIVE CITY WIDE LOCATIONS.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt01301943
IRS990/ProgSrvcAccomActy3Grp/GrantAmt00
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt03700
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt04884289
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt01155889
IRS990/PYInvestmentIncomeAmt0256
IRS990/PYOtherExpensesAmt02122964
IRS990/PYOtherRevenueAmt03810
IRS990/PYProgramServiceRevenueAmt022174
IRS990/PYRevenuesLessExpensesAmt0-19845
IRS990/PYSalariesCompEmpBnftPaidAmt01651521
IRS990/PYTotalExpensesAmt04930374
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04910529
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0247204
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/RelatedOrganizationsAmt03752803
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt00
IRS990ScheduleA/First5Years170Ind0X
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt04280799
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt04879285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt09160084
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearAmt0416
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt0256
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt0672
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt067539
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportTotal170Amt09160084
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt04280799
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt04879285
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt09160084
IRS990ScheduleA/TotalSupportAmt09160756
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt042164
IRS990ScheduleD/EquipmentGrp/DepreciationAmt07648
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt049812
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt095242
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt05682
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0100924
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt080145
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt019212
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt099357
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0444467
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY LIABILITIES
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0ACCOUNTING PRINCIPLES GENERALLY ACCEPTED IN THE UNITED STATES OF AMERICA REQUIRE MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY HOUSING AND RELATED CONSOLIDATED ENTITIES AND RECOGNIZE A TAX LIABILITY IF HOUSING HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY THE IRS OR OTHER APPLICABLE TAXING AUTHORITIES. MANAGEMENT HAS ANALYZED THE TAX POSITIONS TAKEN BY HOUSING AND RELATED CONSOLIDATED ENTITIES AND HAS CONCLUDED THAT AS OF SEPTEMBER 30, 2015, THERE ARE NOT UNCERTAIN POSITIONS TAKEN OR EXPECTED TO BE TAKEN THAT WOULD REQUIRE RECOGNITION OF A LIABILITY OR DISCLOSURE IN THE CONSOLIDATED FINANCIAL STATEMENTS. HOUSING IS SUBJECT TO ROUTINE AUDITS BY TAXING JURISDICTIONS; HOWEVER, THERE ARE CURRENTLY NO AUDITS FOR ANY TAX PERIODS IN PROGRESS. MANAGEMENT BELIEVES IT IS NO LONGER SUBJECT TO INCOME TAX EXAMINATIONS FOR YEARS PRIOR TO 2012.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0217551
IRS990ScheduleD/TotalLiabilityAmt0444467
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt0239912
IRS990ScheduleI/RecipientTable/CashGrantAmt165119
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0WORKFORCE DEVELOPMENT PARTNERSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1ESTABLISH MICRO LOAN FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FOCUS HOPE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PROSPERUS MICRO LENDING
IRS990ScheduleI/RecipientTable/RecipientEIN0381948285
IRS990ScheduleI/RecipientTable/RecipientEIN1462997666
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01355 OAKMAN BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt11920 25TH STREET
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DETROIT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048238
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148216
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc0DIRECT COSTS
IRS990ScheduleI/RecipientTable/ValuationMethodUsedDesc1CASH
IRS990ScheduleI/SupplementalInformationDetail/ExplanationTxt0ALLOWABLE EXPENSES ARE ESTABLISHED IN THE GRANT AGREEMENT. PROGRAM MANAGERS APPROVE FOR PAYMENT EXPENSES, INDICATING IF GRANT FUNDS ARE ALLOWED TO BE SPENT. THE FINANCE DEPARTMENT REVIEWS THESE EXPENSES AGAINST THE ESTABLISHED BUDGET TO ENSURE GRANT EXPENSES ARE ALLOWABLE.
IRS990ScheduleI/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 2:
IRS990ScheduleI/Total501c3OrgCnt02
IRS990ScheduleI/TotalOtherOrgCnt00
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00

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