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Muscoota INC

Not tax-deductible

New York, NYMutual-benefit / member-serving EIN 13-3371670Revenue $43K in FY2022Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2021.

On file with the IRSNew York, NYTax-exempt since Aug 1990

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Housing for low and moderate income individuals.

Form 990 Part I, line 1, FY2022. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-3371670) · Dispute this line
Mission: Form 990 Part I, line 1

Before you give

FY2022 · Form 990Independent: from IRS data, not the org
Download 990
Tax-deductible gifts
No
Donations are not tax-deductible
The IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest 990-N e-Postcard
The latest return is for FY2024, 2 tax years back.
IRS e-file · Filing history
Surplus or deficit
2 of 2
filings with a surplus
Average surplus $23K a year · 56% of revenue · last 2 filings
A surplus in 2 of the last 2 filings.
Pt I · Ln 19 · 2 filings
Cash reserves
13.7 mo
of spending, in cash
13.7 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$5.0M
108% of total assets
Liabilities are 108% of assets.
Pt X · Ln 26
Independent board members
12
of 12 voting members
12 of 12 voting members are independent.
Pt VI · Ln 1a–1b
In line with peersDifferent from peersFar from peersNo peer rangeNo data yetTap a box for the reason.
Revenue
$43K
+6% vs prior year
Spent
$223
Net assets
−$371K
By yearFY2021–FY2022
Revenue
$43K
FY2022▲ +6%
Tap a bar for its year
Revenue by fiscal year
FY2021$40K
FY2022$43K
Expenses
$223
FY2022▼ -99%
Tap a bar for its year
Expenses by fiscal year
FY2021$37K
FY2022$223
Net assets
−$371K
FY2022▲ +10%
Tap a bar for its year
Net assets by fiscal year
FY2021−$414K
FY2022−$371K

From the FY2022 Form 990 (year ending June 2022) · see the original

990 PDF Follow Claim

Is it real?

Yes. Never revoked by the IRS. Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2021. IRS ruling in Aug 1990.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Who runs it and what they're paid

14 people listed on the 990.

Part VII, Section A · reportable compensation
Brad Beckstorm
Vice President
$0Pt VII · Sec A
$0Pt VII · Sec A
Gemma Thomas
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
Marissa Mack
Director
$0Pt VII · Sec A
Max Markham
Director
$0Pt VII · Sec A
Maya Kurien
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Muscoota INC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing for low and moderate-income individuals.

Questions for Muscoota INC

Tap to ask. Muscoota INC sees how many people are interested.

Your first name shows with your question. Muscoota INC answers here, for everyone.

1 program · in their own filed words · FY2021
01

Housing for low and moderate income individuals.

Form 990 Part III, line 4, FY2021. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 13-3371670) · Dispute this line
Pt IX · Ln 25 · col B

By the numbers

The FY2022 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$43K
Ln 12
Investment incomeLn 3$43K
Money outPt IX
$223
Ln 25
Owns and owesPt X
−$371K
net assets · Ln 32
Cash and savingsLn 1–2$254
Total assetsLn 16$4.6M
LiabilitiesLn 26$5.0M
PeoplePt VI, VII
14
listed · VII A
PaidVII A0
Voting boardVI 1a12
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Investment incomeLn 3$43K
Total revenueLn 12$43K
Assets in detailPt X, end of year
CashLn 1$254
Cash and savings togetherLn 1–2$254
Notes and loans receivableLn 7$4.6M
Total assetsLn 16$4.6M
LiabilitiesLn 26$5.0M
Net assetsLn 32−$371K
OperationsPt I, VI
EmployeesI 50
VolunteersI 60
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY22End FY22
Cash and savingsLn 1–2$279$254
Total assetsLn 16$4.6M$4.6M
LiabilitiesLn 26$5.0M$5.0M
Net assetsLn 32−$414K−$371K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Office expensesLn 13$198
Other expenses (24a–d)Ln 24$25
Total functional expensesLn 25$223

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2022 Latest ViewingFiled with the IRS May 9, 2023 $43K$223$43K−$371K 990 PDF
FY2021Filed with the IRS May 9, 2022 $40K$37K$4K−$414K 990 PDF

Files the 990-N e-Postcard (latest 2024). Last full Form 990: 2021. The 990-N has no money details, and postcard years before 2024 are not published by the IRS.

Schedules filed Part IV

A · Public support I · Grants O · Explanations
See the full FY2022 990
Part I · Summary $43,047 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $0$0
I-9 Program service revenuePrior year $0$0
I-10 Investment incomePrior year $40,496$43,047
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $40,496$43,047
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $36,691$223
I-18 Total expensesPrior year $36,691$223
I-19 Revenue less expensesPrior year $3,805$42,824
Part VI · Governance 12 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members12
VI-13 Written whistleblower policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $43,047 across 2 lines filed
VIII-3 Investment incomeExcluded from tax $43,047$43,047
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $43,047$43,047
Part IX · Statement of functional expenses $223 across 2 lines filed
IX-13 Office expenses$198
IX-24 Other expenses (24a–d)$25
IX-25 Total functional expenses$223
Part X · Balance sheet $4,632,769 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $279$254
X-7 Notes and loans receivableStart of year $4,589,468$4,632,515
X-16 Total assetsStart of year $4,589,747$4,632,769
X-17 Accounts payable and accrued expensesStart of year $444,215$444,412
X-19 Deferred revenueStart of year $3,903,631$3,903,631
X-23 Secured mortgages and notes payableStart of year $655,638$655,638
X-26 Total liabilitiesStart of year $5,003,484$5,003,681
X-27 Net assets without donor restrictionsStart of year −$413,737−$370,912
X-32 Total net assets or fund balancesStart of year −$413,737−$370,912
X-33 Total liabilities and net assetsStart of year $4,589,747$4,632,769
Part XI · Reconciliation of net assets −$370,912 net assets at year end
XI-1 Total revenue$43,047
XI-2 Total expenses$223
XI-3 Revenue less expenses$42,824
XI-4 Net assets at start of year−$413,737
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$370,912

Form 990 e-file FY2022 from the IRS (about our sources) · Classification, formation year and address from the IRS Business Master File

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