SOUTHWEST HOUSING SOLUTIONS (EIN 382324335) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1989

Legal Domicile

Principal Officer

SEAN DE FOUR

Phone

3138418905

Tax Period

2023-10-01 to 2024-09-30

SOUTHWEST HOUSING SOLUTIONS, founded in 1989, is a community nonprofit that reported $4.3M in total revenue in fiscal year 2023. Revenue fell 35% from the prior year — a significant decline worth monitoring. Net assets of $24.0M represent 67 months of operating reserves.

Mission

SOUTHWEST HOUSING SOLUTIONS D/B/A MISIDE HOUSING 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,676,382

Program Service Revenue $1,958,528

Investment Income $139,749

Other Revenue $504,691

TOTAL REVENUE $4,279,350

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,256,928

Fundraising Expenses $0

Program Expenses $4,473,764

Other Expenses $3,434,463

TOTAL EXPENSES $4,691,391

Year-over-Year Comparison

	2023	2022	Change
Revenue	$4,279,350	$6,610,099	-0.4%
Expenses	$4,691,391	$5,028,346	-0.1%
Net Income	$-412,041	$1,581,753	-1.3%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$806,716

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
ALBERT FIELDS	CHAIR	0.25	Officer Director	$0	$0	$0
VANESSA JOHNSON	VICE CHAIR	0.25	Officer Director	$0	$0	$0
KATHRYN BRENNAN	SECRETARY	0.25	Officer Director	$0	$0	$0
DIANA FRANCO	DIRECTOR (START 01/2024)	0.25	Director	$0	$0	$0
GEHAD ALAWAN	DIRECTOR	0.25	Director	$0	$0	$0
JUANITA HERNANDEZ	DIRECTOR (TERM 12/2023)	0.25	Director	$0	$0	$0
KEVIN OUTLAND	DIRECTOR (START 01/2024)	0.25	Director	$0	$0	$0
RON ROSE	DIRECTOR	0.25	Director	$0	$0	$0
STEVEN KOSUDA	DIRECTOR	0.25	Director	$0	$0	$0
SEAN DE FOUR	PRESIDENT & CEO	7.50	Officer	$0	$39,383	$306,331
MICHELLE SHERMAN	COO & CFO	3.75	Officer	$0	$24,386	$280,008
TIMOTHY THORLAND	EXECUTIVE DIRECTOR - SWHS	35.50	Officer	$187,610	$32,767	$220,377
JENNIFER TUCK	HOUSING DIRECTOR OF OPERATIONS	35.50	Highest	$124,351	$34,763	$159,114
JANAY EISENMENGER	DIRECTOR OF REAL ESTATE DEVELOPMENT	37.50	Highest	$133,337	$5,047	$138,384

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	$4,279,350	$4,691,391	$33,602,513	$-412,041
2023	$6,610,099	$5,028,346	$35,497,006	$1,581,753
2022	$4,551,529	$4,383,812	$33,716,047	$167,717
2021	$7,315,936	$5,697,315	$38,985,260	$1,618,621
2020	$5,216,319	$4,970,230	$36,892,717	$246,089
2020	$4,979,196	$5,105,044	$39,717,523	$-125,848
2019	$4,844,142	$4,713,794	$37,769,873	$130,348
2018	$4,288,697	$6,111,090	$43,773,994	$-1,822,393

SOUTHWEST HOUSING SOLUTIONS