Southwest Housing Solutions Corporation
EIN: 382324335 · Detroit, MI
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $5.0M |
| Net Assets | $26.9M |
Is Southwest Housing Solutions Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Southwest Housing Solutions Corporation
Southwest Housing Solutions Corporation (EIN: 382324335) is a nonprofit organization based in Detroit, MI. The organization reported total revenue of $4.3M and total assets of $33.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Southwest Housing Solutions Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Southwest Housing Solutions Corporation is a mid-size nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.6M |
| Total Expenses | $5.0M |
| Surplus / Deficit | +$1.6M |
| Total Assets | $35.5M |
| Total Liabilities | $8.6M |
| Net Assets | $26.9M |
| Operating Margin | 23.9% |
| Debt-to-Asset Ratio | 24.2% |
| Months of Reserves | 84.7 months |
Financial Health Grade: A
In 2023, Southwest Housing Solutions Corporation reported a surplus of $1.6M with revenue exceeding expenses, holds 84.7 months of operating reserves (strong position), has a debt-to-asset ratio of 24.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Southwest Housing Solutions Corporation's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +45.2% | +14.7% | +5.3% |
| 2022 | -37.8% | -23.1% | -13.5% |
| 2021 | +40.3% | +14.6% | +5.7% |
| 2020 | +7.7% | +5.4% | -2.3% |
| 2019 | +13.0% | -22.9% | -13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Southwest Housing Solutions Corporation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Southwest Housing Solutions Corporation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $1.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 24.2%.
Frequently Asked Questions about Southwest Housing Solutions Corporation
Is Southwest Housing Solutions Corporation a legitimate charity?
Southwest Housing Solutions Corporation (EIN: 382324335) is a registered tax-exempt nonprofit based in Michigan. It has 13 years of IRS 990 filings on record. Total revenue: $4.3M. No red flags identified. Financial health grade: A.
How does Southwest Housing Solutions Corporation spend its money?
Southwest Housing Solutions Corporation reported $4.3M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Southwest Housing Solutions Corporation tax-deductible?
Southwest Housing Solutions Corporation is registered as a tax-exempt nonprofit (EIN: 382324335). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Southwest Housing Solutions Corporation located?
Southwest Housing Solutions Corporation is headquartered in Detroit, Michigan and files with the IRS under EIN 382324335.
How many years of IRS 990 filings does Southwest Housing Solutions Corporation have?
Southwest Housing Solutions Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4.3M in total revenue.
Filing History
IRS 990 filing history for Southwest Housing Solutions Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Southwest Housing Solutions Corporation's revenue has declined by 48.9%, moving from $12.9M to $6.6M. Total assets increased by 32.8% over the same period, from $26.7M to $35.5M. Total functional expenses fell by 32.7%, from $7.5M to $5.0M. In its most recent filing year (2023), Southwest Housing Solutions Corporation reported a surplus of $1.6M, with revenue exceeding expenses. The organization holds $8.6M in liabilities against $35.5M in assets (debt-to-asset ratio: 24.2%), resulting in net assets of $26.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.6M | $5.0M | $35.5M | $8.6M | — | — |
| 2022 | $4.6M | $4.4M | $33.7M | $8.9M | — | View 990 |
| 2021 | $7.3M | $5.7M | $39.0M | $11.7M | — | View 990 |
| 2020 | $5.2M | $5.0M | $36.9M | $9.1M | — | View 990 |
| 2019 | $4.8M | $4.7M | $37.8M | $9.7M | — | View 990 |
| 2018 | $4.3M | $6.1M | $43.8M | $14.8M | — | View 990 |
| 2017 | $7.9M | $10.6M | $50.8M | $26.6M | — | View 990 |
| 2016 | $9.5M | $12.2M | $41.1M | $18.4M | — | View 990 |
| 2015 | $8.5M | $9.9M | $43.2M | $15.6M | — | View 990 |
| 2014 | $11.1M | $8.8M | $38.7M | $9.7M | — | View 990 |
| 2013 | $10.3M | $9.2M | $39.1M | $13.1M | — | View 990 |
| 2012 | $13.5M | $9.1M | $35.4M | $9.9M | — | View 990 |
| 2011 | $12.9M | $7.5M | $26.7M | $7.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.6M, expenses of $5.0M, and assets of $35.5M (revenue +45.2% year-over-year).
- 2022: Revenue of $4.6M, expenses of $4.4M, and assets of $33.7M (revenue -37.8% year-over-year).
- 2021: Revenue of $7.3M, expenses of $5.7M, and assets of $39.0M (revenue +40.3% year-over-year).
- 2020: Revenue of $5.2M, expenses of $5.0M, and assets of $36.9M (revenue +7.7% year-over-year).
- 2019: Revenue of $4.8M, expenses of $4.7M, and assets of $37.8M (revenue +13.0% year-over-year).
- 2018: Revenue of $4.3M, expenses of $6.1M, and assets of $43.8M (revenue -45.4% year-over-year).
- 2017: Revenue of $7.9M, expenses of $10.6M, and assets of $50.8M (revenue -16.9% year-over-year).
- 2016: Revenue of $9.5M, expenses of $12.2M, and assets of $41.1M (revenue +10.8% year-over-year).
- 2015: Revenue of $8.5M, expenses of $9.9M, and assets of $43.2M (revenue -23.0% year-over-year).
- 2014: Revenue of $11.1M, expenses of $8.8M, and assets of $38.7M (revenue +7.8% year-over-year).
- 2013: Revenue of $10.3M, expenses of $9.2M, and assets of $39.1M (revenue -23.7% year-over-year).
- 2012: Revenue of $13.5M, expenses of $9.1M, and assets of $35.4M (revenue +4.2% year-over-year).
- 2011: Revenue of $12.9M, expenses of $7.5M, and assets of $26.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Southwest Housing Solutions Corporation:
Data Sources and Methodology
This transparency report for Southwest Housing Solutions Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.