Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in May 2005.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
78 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Something off? Claim to add context
Who runs it and what they're paid
5 people listed on the 990.
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
Acquires undeveloped land for low-cost housing and community development.
Questions for Mt Sinai Development Corporation
Your first name shows with your question. Mt Sinai Development Corporation answers here, for everyone.
Acquired new grants and additional funding for Phase III for the development. Completed funding and will close on new development in August 2022. Closed on new Development. Broke ground on the new development during 2023
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2023 990, line by line.
Download 990
| Line | Start FY23 | End FY23 |
|---|---|---|
| Cash and savingsLn 1–2 | $57K | $265K |
| Land, buildings, equipmentLn 10c | $380K | $34K |
| Total assetsLn 16 | $528K | $389K |
| LiabilitiesLn 26 | $352K | $300K |
| Net assetsLn 32 | $176K | $88K |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Grants to domestic organizationsLn 1 | $72K | $72K | ||
| Other employee benefitsLn 9 | $2K | $2K | ||
| Management feesLn 11a | $540 | $540 | ||
| Legal feesLn 11b | $240 | $240 | ||
| Accounting feesLn 11c | $2K | $2K | ||
| Other fees for servicesLn 11g | $7K | $7K | ||
| Advertising and promotionLn 12 | $1K | $600 | $620 | |
| Office expensesLn 13 | $5K | $5K | ||
| OccupancyLn 16 | $11K | $11K | ||
| TravelLn 17 | $12K | $12K | ||
| Conferences, conventions and meetingsLn 19 | $8K | $8K | ||
| Other expenses (24a–d)Ln 24 | $178K | $178K | ||
| All other expensesLn 24e | $21K | $500 | $21K | |
| Total functional expensesLn 25 | $320K | $251K | $69K | $0 |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2025 LatestFiled with the IRS May 14, 2026 | $468K | $660K | −$192K | −$311K | 990 PDF |
| FY2024Filed with the IRS May 15, 2025 | $224K | $432K | −$207K | −$119K | 990 PDF |
| FY2023 ViewingFiled with the IRS May 14, 2024 | $233K | $320K | −$87K | $88K | 990 PDF |
| FY2022Filed with the IRS May 2, 2023 | $119K | $143K | −$24K | $182K | 990 PDF |
| FY2021Filed with the IRS May 4, 2022 | $103K | $242K | −$139K | $294K | 990 PDF |
| FY2020Filed with the IRS May 7, 2021 | $63K | $67K | −$4K | $433K | 990 PDF |
Schedules filed Part IV
See the full FY2023 990 (6 parts)
Part I · Summary $232,985 revenue, 12 lines filed
Part VI · Governance 5 of 5 board members independent, 1 to look at
Part VIII · Statement of revenue $232,985 across 7 lines filed
Part IX · Statement of functional expenses $320,437 across 13 lines filed
Part X · Balance sheet $388,638 assets, 9 lines filed
Part XI · Reconciliation of net assets $88,356 net assets at year end
Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File
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