Southwest Housing Solutions Corporation

Organization Overview

Southwest Housing Solutions Corporation is located in Detroit, MI. The organization was established in 1989. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Southwest Housing Solutions Corporation employed 29 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Southwest Housing Solutions Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Southwest Housing Solutions Corporation generated $7.3m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (4.2%) each year. All expenses for the organization totaled $5.7m during the year ending 09/2021. As we would expect to see with falling revenues, expenses have declined by (11.9%) per year over the past 6 years. You can explore the organizations financials more deeply in the financial statements section below.

Since 2015, Southwest Housing Solutions Corporation has awarded 25 individual grants totaling $7,881,722. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

SOUTHWEST HOUSING SOLUTIONS 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.

Describe the Organization's Program Activity:

Part 3 - Line 4a

PROPERTY MANAGEMENT OF LOW INCOME/TAX CREDIT HOUSING. THE ORGANIZATION PROVIDES PROPERTY MANAGEMENT AND LEASING SERVICES FOR 759 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 16 LIHTC PROPERTIES SINCE 1998 AND CONTINUES EFFORTS FOR NEIGHBORHOOD REVITALIZATION THROUGH RESIDENTIAL AND COMMERCIAL DEVELOPMENT.


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Board, Officers & Key Employees

Name (title)Compensation
Jennifer Tuck
Housing Director/officer
$132,508
Stephanie Miller
Chair
$0
Mark Lezotte
Vice Chair
$0
Daniel Share
Treasurer
$0
Ron Rose
Secretary
$0
Joseph Tasse
Interim President (through 03/2021)
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Southwest Solutions
Aso Fees
$947,664
Fpj Investments Llc
Real Estate Service
$444,776
Turner & Townsend
Consultants
$164,056
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$2,719,403
Government grants $1,300,176
All other contributions, gifts, grants, and similar amounts not included above$175,275
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$4,194,854
Total Program Service Revenue$3,596,750
Investment income $43,503
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales -$834,492
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $554,927
Miscellaneous Revenue$0
Total Revenue $7,315,936

Grants Awarded

Over the last fiscal year, Southwest Housing Solutions Corporation has awarded $343,390 in support to 6 organizations.

Grant RecipientAmount

388 WEST GRAND BOULEVARD LDHALP

PURPOSE: HUD SUPPORT

$84,496

388 WEST GRAND BOULEVARD LDHALP

PURPOSE: HUD SUPPORT

$84,496

SOUTHWEST ECONOMIC SOLUTIONS

Org PageRecipient Profile

Detroit, MI

PURPOSE: PASS THROUGH FUNDING - NWA

$63,000

SOUTHWEST ECONOMIC SOLUTIONS

Org PageRecipient Profile

Detroit, MI

PURPOSE: PASS THROUGH FUNDING - NWA

$63,000

SOUTHWEST COUNSELING SOLUTIONS

Org PageRecipient Profile

Detroit, MI

PURPOSE: PASS THROUGH FUNDING - HUD

$24,199

SOUTHWEST COUNSELING SOLUTIONS

Org PageRecipient Profile

Detroit, MI

PURPOSE: PASS THROUGH FUNDING - HUD

$24,199
View Grant Profile

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Southwest Housing Solutions Corporation has recieved totaling $215,000.

Awarding OrganizationAmount
Enterprise Community Partners Inc

Columbia, MD

PURPOSE: CAPACITY BUILDING

$115,000
Community Foundation For Southeast Michigan

Detroit, MI

PURPOSE: EFFORTS TO TRANSFORM THE VERNOR VIADUCT THROUGH THE DEVELOPMENT OF A VIADUCT PARTNERSHIP

$100,000
View Grant Recipient Profile

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