Mission
SOUTHWEST ECONOMIC SOLUTIONS D/B/A MISIDE WEALTH (MIWEALTH) MISSION IS TO PROVIDE OPPORTUNITIES FOR INDIVIDUALS AND FAMILIES TO ACHIEVE GREATER ECONOMIC SUCCESS.
Public Charity
SOUTHWEST ECONOMIC SOLUTIONS INC
Based in DETROIT, MI, SOUTHWEST ECONOMIC SOLUTIONS INC operates as a Public Charity. The organization reported $4.5M in revenue, $4.5M in expenses, $2.2M in total assets for fiscal year 2025. Imperigo tracks 54 reported grant relationships connected to this organization totaling approximately $9.7M.
EIN: 462252476
DETROIT, MI
Financial Counseling
NTEE: P51
Latest filing: 2025
Total Revenue$4.5M
Total Expenses$4.5M
Total Assets$2.2M
Grant Records54
Funding Total$9.7M
Filing Years2021–2025
Where $100 goes at Southwest Economic Solutions Inc
How Southwest Economic Solutions Inc divides every $100 it spends, from its own Form 990 filings, averaged across 9 years.
$89
Programs
the work itself
$11
Management
running the organization
$0
Fundraising
none reported
No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.
Inside the $89 for programs
$89
Provide pre and postpurchase homeownership counseling and education to community residents, 580/year.Workforce development programming (integrated education and training) including earn and learn (390/year), career center (1,115/year) and youthbuild…
Source: Form 990 filings with the IRS, latest fiscal year 2025. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.
Sample Grants Received
SUBCONTRACTOR PAYMENTS FOR EMPLOYMENT AND TRAINING PROGRAMS
$598,436
SEE PART IV
$277,739
$250,415
GENERAL SUPPORT
$100,000
GRANTS
$19,536
Showing up to 5 of 54 total records — full history available with membership.
Officers & Directors
DIRECTOR
Angela Baldwin
VICE CHAIR
Claire Liening
DIRECTOR
Eric Dorsey
EXECUTIVE DIRECTOR - MIWEALTH
Hector Hernandez
DIRECTOR
Michael Wendt
COO & CFO
Michelle R Sherman
Officer compensation and complete director data available with membership.
Top Grant Purposes
Financial Trends
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2025 | $4.5M | $4.5M | $2.2M |
| 2024 | $3.4M | $3.7M | $1.7M |
| 2023 | $2.9M | $3.2M | $1.9M |
| 2022 | $3.3M | $2.8M | $1.9M |
| 2021 | $3.6M | $3.4M | $1.5M |
Between 2021 and 2025, reported annual revenue grew from $3.6M to $4.5M (+27%), with total assets most recently reported at $2.2M.
Interactive year-over-year charts and full filing details available with membership.