Civic Intelligence

Southwest Economic Solutions Inc

990 • Fiscal year 2018 • EIN 46-2252476

Oct 01, 2017 to Sep 30, 2018 • Filed on Aug 14, 2019

Organization ProfileWWW.SWSOL.ORG
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

79th percentile

0.57x

Higher debt load relative to assets than 79% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Liabilities / Revenue

63rd percentile

0.30x

Higher debt load relative to revenue than 63% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Net Margin

74th percentile

16%

Higher net margin than 74% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Top Officer Pay

87th percentile

$280,145

Higher top officer pay than 87% of similar nonprofits.

Top officer pay equals 5.2% of source-year revenue.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2018

Asset Growth

92nd percentile

44%

Faster asset growth than 92% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

33%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets79th percentile

Assets

Up

$2,842,691

Up $872,601 (+44%) from 2017

Net Assets

Up

$1,214,663

Up $854,531 (+237%) from 2017

Liabilities

Up

$1,628,028

Up $18,070 (+1.1%) from 2017

Revenue And Expenses
Liabilities / Revenue63rd percentileNet Margin74th percentile

Revenue

Up

$5,357,693

Up $1,337,789 (+33%) from 2017

Expenses

Up

$4,503,162

Up $339,611 (+8.2%) from 2017

Net Income

Up

$854,531

Up $998,178 (+695%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth92nd percentile

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

2018

Assets$2,842,691
Liabilities$1,628,028
Net Assets$1,214,663
Open 2018 Filing

Operations Trend

Revenue Growth84th percentile

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

2018

Revenue$5,357,693
Expenses$4,503,162
Net Income$854,531
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Oct 1, 2017 to Sep 30, 2018
Signed
Aug 14, 2019
Return Version
2017v2.3
Gross Receipts
$5,357,693
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$878,665$2,268,852▲ $1,390,187
Cash and Non-Interest-Bearing Accounts$912,713$372,682▼ $540,031
Land, Buildings, and Equipment, Net$162,134$180,126▲ $17,992
Prepaid Expenses and Deferred Charges$9,340$13,793▲ $4,453
Total Assets$1,970,090$2,842,691▲ $872,601
Other Assets Total$7,238$7,238→ $0
Liabilities
Other Liabilities$1,346,572$1,324,933▼ $21,639
Accounts Payable and Accrued Expenses$263,386$303,095▲ $39,709
Total Liabilities$1,609,958$1,628,028▲ $18,070
Net Assets / Fund Balance
Temporarily Rstr Net Assets$125,598$991,565▲ $865,967
Unrestricted Net Assets$234,534$223,098▼ $11,436
Total Net Assets Fund Balance$360,132$1,214,663▲ $854,531
Total Liabilities and Net Assets / Fund Balance$1,970,090$2,842,691▲ $872,601

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$57,427$81,174$138,601
Leasehold Improvements$79,369$24,748$104,117
Equipment$43,330$32,838$76,168
Compensation and Service Providers
Top Officer Pay87th percentile

Employees

NameTitleFull / Part TimeOtherTotal
Hector HernandezExecutive DirectorFT$142,315$142,315

Board Members and Trustees

NameTitle
Luis GarciaChairperson
Fred LeebInterim President/CEO - as of 05/18
John Van CampPresident/CEO - Through 05/18
Steven KosudaVice Chairperson
Ahmad EzzeddineDirector
Ashley D McleodDirector
Christopher J LezovichDirector
Linda WestDirector
Lori BahnmuellerDirector
Pierre BatonDirector
Stephen FigliuoloDirector
Nydia CardenasDirector (partial Year)
Michelle ShermanCOO & Treasurer
Niles HeronSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$5,179,381
Program Service Revenue
$162,182
Investment Income
$0
Other Revenue
$16,130
All Other Contributions
$5,129,381
Change in Net Assets
$854,531
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,302,068
Salaries, Compensation, and Employee Benefits$2,037,939
Grants and Similar Amounts Paid$163,155
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,638,149--$1,638,149
Fees for Services Management-$775,844-$775,844
Travel$477,099--$477,099
Occupancy$298,713--$298,713
Other Employee Benefits$257,215--$257,215
Fees for Services Other$236,430--$236,430
Grants to Domestic Orgs$163,155--$163,155
Payroll Taxes$142,575--$142,575
Office Expenses$110,025--$110,025
Fees for Services Accounting$37,700--$37,700
Depreciation Depletion$36,984--$36,984
Other Expenses$15,211--$15,211
Advertising$12,108--$12,108
Conferences and Meetings$9,429--$9,429
Insurance$1,515--$1,515
Total Functional Expenses$3,727,318$775,844$0$4,503,162
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Prosperus Detroit MicrolendingDetroit, MI501(c)(3)Kellogg Funds for Microloan Capital Fund$100,000
Focus HopeDetroit, MI501(c)(3)Workforce Development Partnership$63,155
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
Long Term Intercompany Payable$711,484
Related Party Liabilities$613,449
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 11B

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

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. Compensation was last reviewed in 2017.”

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
Michelle R Sherman
Title
Chief Operating Officer
Phone
3134813103
Signed
2019-08-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Michelle R Sherman
Formed
2013
Legal Domicile
Mi
Voting Board Members
10
Independent Board Members
10
Employees
59
Volunteers
11

Preparer

Firm
Plante & Moran Pllc
Address
27400 NORTHWESTERN HIGHWAY, SOUTHFIELD, MI 48034
Preparer
Tina Peters
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 a wholly-owned subsidiary of southwest solutions. This process has not changed from prior year.”

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IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11PRESIDENT/CEO - THROUGH 05/18
IRS990/Form990PartVIISectionAGrp/TitleTxt12INTERIM PRESIDENT/CEO - AS OF 05/18
IRS990/Form990PartVIISectionAGrp/TitleTxt13EXECUTIVE DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14COO & TREASURER
IRS990/Form990ProvidedToGvrnBodyInd01
IRS990/FormationYr02013
IRS990/FormerOfcrEmployeesListedInd00
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd00
IRS990/GamingActivitiesInd00
IRS990/GoverningBodyVotingMembersCnt010
IRS990/GrantAmt0163155
IRS990/GrantsToDomesticOrgsGrp/ProgramServicesAmt0163155
IRS990/GrantsToDomesticOrgsGrp/TotalAmt0163155
IRS990/GrantsToIndividualsInd00
IRS990/GrantsToOrganizationsInd01
IRS990/GrantToRelatedPersonInd00
IRS990/GrossReceiptsAmt05357693
IRS990/GroupReturnForAffiliatesInd00
IRS990/IncludeFIN48FootnoteInd00
IRS990/IndependentAuditFinclStmtInd00
IRS990/IndependentVotingMemberCnt010
IRS990/IndivRcvdGreaterThan100KCnt00
IRS990/IndoorTanningServicesInd00
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InfoInScheduleOPartXIIInd0X
IRS990/InsuranceGrp/ProgramServicesAmt01515
IRS990/InsuranceGrp/TotalAmt01515
IRS990/InvestmentInJointVentureInd00
IRS990/IRPDocumentCnt041
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0138760
IRS990/LandBldgEquipBasisNetGrp/BOYAmt0162134
IRS990/LandBldgEquipBasisNetGrp/EOYAmt0180126
IRS990/LandBldgEquipCostOrOtherBssAmt0318886
IRS990/LegalDomicileStateCd0MI
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/NetAssetsOrFundBalancesBOYAmt0360132
IRS990/NetAssetsOrFundBalancesEOYAmt01214663
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0298713
IRS990/OccupancyGrp/TotalAmt0298713
IRS990/OfficeExpensesGrp/ProgramServicesAmt0110025
IRS990/OfficeExpensesGrp/TotalAmt0110025
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt07238
IRS990/OtherAssetsTotalGrp/EOYAmt07238
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0257215
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0257215
IRS990/OtherExpensesGrp/Desc0PROGRAM COSTS
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2PROGRAM EVALUATION
IRS990/OtherExpensesGrp/Desc3MICRO LOAN OPERATIONS
IRS990/OtherExpensesGrp/ProgramServicesAmt0182245
IRS990/OtherExpensesGrp/ProgramServicesAmt180157
IRS990/OtherExpensesGrp/ProgramServicesAmt228608
IRS990/OtherExpensesGrp/ProgramServicesAmt315211
IRS990/OtherExpensesGrp/TotalAmt0182245
IRS990/OtherExpensesGrp/TotalAmt180157
IRS990/OtherExpensesGrp/TotalAmt228608
IRS990/OtherExpensesGrp/TotalAmt315211
IRS990/OtherLiabilitiesGrp/BOYAmt01346572
IRS990/OtherLiabilitiesGrp/EOYAmt01324933
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0REIMBURSEMENTS
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt016130
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt016130
IRS990/OtherRevenueTotalAmt016130
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt01638149
IRS990/OtherSalariesAndWagesGrp/TotalAmt01638149
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ProgramServicesAmt0142575
IRS990/PayrollTaxesGrp/TotalAmt0142575
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt09340
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt013793
IRS990/PrincipalOfficerNm0MICHELLE R SHERMAN
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0900099
IRS990/ProgramServiceRevenueGrp/BusinessCd1900099
IRS990/ProgramServiceRevenueGrp/Desc0FORECLOSURE MITIGATION
IRS990/ProgramServiceRevenueGrp/Desc1APPLICATION FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0150775
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt111407
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0150775
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt111407
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt03784296
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt0234255
IRS990/PYInvestmentIncomeAmt05583
IRS990/PYOtherExpensesAmt01904970
IRS990/PYOtherRevenueAmt012496
IRS990/PYProgramServiceRevenueAmt0217529
IRS990/PYRevenuesLessExpensesAmt0-143647
IRS990/PYSalariesCompEmpBnftPaidAmt02024326
IRS990/PYTotalExpensesAmt04163551
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04019904
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0854531
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd01
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0178312
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt05179381
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt03715546
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt03993206
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt04280799
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt04879285
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt022048217
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus1YearAmt05583
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus2YearsAmt0390
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus3YearsAmt0416
IRS990ScheduleA/GrossInvestmentIncome170Grp/CurrentTaxYearMinus4YearsAmt0256
IRS990ScheduleA/GrossInvestmentIncome170Grp/TotalAmt06645
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt0625443
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.86590
IRS990ScheduleA/PublicSupportTotal170Amt019096978
IRS990ScheduleA/SubstantialContributorsTotAmt02951239
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt05179381
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt03715546
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt03993206
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt04280799
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt04879285
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt022048217
IRS990ScheduleA/TotalSupportAmt022054862
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/EquipmentGrp/BookValueAmt043330
IRS990ScheduleD/EquipmentGrp/DepreciationAmt032838
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt076168
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt079369
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt024748
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt0104117
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt057427
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt081174
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0138601
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0613449
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1711484
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0RELATED PARTY LIABILITIES
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LONG TERM INTERCOMPANY PAYABLE
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0180126
IRS990ScheduleD/TotalLiabilityAmt01324933
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt063155
IRS990ScheduleI/RecipientTable/CashGrantAmt1100000
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/IRCSectionDesc1501(C)(3)
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0WORKFORCE DEVELOPMENT PARTNERSHIP
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1KELLOGG FUNDS FOR MICROLOAN CAPITAL FUND
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0FOCUS HOPE
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1PROSPERUS DETROIT MICROLENDING
IRS990ScheduleI/RecipientTable/RecipientEIN0381948285
IRS990ScheduleI/RecipientTable/RecipientEIN1462997666
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt01355 OAKMAN BLVD
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt15716 MICHIGAN AVE STE 3000
IRS990ScheduleI/RecipientTable/USAddress/CityNm0DETROIT
IRS990ScheduleI/RecipientTable/USAddress/CityNm1DETROIT
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0MI
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd1MI
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd048238
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd148210
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
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00

Document Assets

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$2,842,691
Liabilities
$1,628,028
Net assets
$1,214,663
Revenue
$5,357,693
Expenses
$4,503,162
Net income
$854,531
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.72$0.54$1.17$3.39$3.73$0.34
2023XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.90$0.39$1.51$2.92$3.18$0.26
2022Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.85$0.08$1.78$3.26$2.83$0.43
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.55$0.20$1.35$3.56$3.43$0.13
2020Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.71$1.90$0.19$4.21$4.70$0.49
2019XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$1.51$0.46$4.36$4.40$0.04
2018Detailed filing. Detailed filing data is available for this year.$2.84$1.63$1.21$5.36$4.50$0.85
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.97$1.61$0.36$4.02$4.16$0.14
2016Detailed filing. Detailed filing data is available for this year.$1.16$1.11$0.05$4.14$4.42$0.28
2015XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.30$0.97$0.33$4.35$4.10$0.25
2014Detailed filing. Detailed filing data is available for this year.$0.80$0.72$0.09$4.91$4.93$0.02
Peer Organizations

Similar nonprofits based on the same Siviq industry and scale cohort. 2018 filings • 501(c)3 • $5M-$10M nonprofits