Msdc INC EIN 32-0305260

Msdc INC

EIN  32-0305260 Public charity (501(c)(3)) New York, NY
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Size
$100K–1M
What they do
Helps small businesses, builds affordable housing, and sponsors community events.
Leadership
Izak-El M Pasha · Executive Director · $36K
Money in and out
$551K revenue, $577K expenses
Bottom line
100% program efficiency

Helps small businesses, builds affordable housing, and sponsors community events. For fiscal year 2024 it reported $551K in revenue, $577K in expenses, and $10K in net assets.Pt I

Where the money goes · FY2024
Total revenue
$551K
Pt VIII · Ln 12
Total expenses
$577K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$25K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs0% vs prior filing year
Operating runway
0.2mo
months of highly liquid reserves at operating expense rate▼ -71% vs prior filing year
Surplus margin
-5%
revenue over expenses, this year▼ -46% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$551K
FY2024▼ -2%
Expenses
$577K
FY2024▼ -1%
Total assets
$10K
FY2024▼ -71%
Total liabilities
$0
FY2024
Total revenue
$551K
Pt VIII · Ln 12
Total expenses
$577K
Pt IX · Ln 25
Net assets
$10K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$25K
Total assetsPt X · Ln 16$10K
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 33
Independent voting membersPt I · Ln 4pending
Mission & Programs · Part III

Where the work happens

2 program services account for $577K of program spending, described in the organization's own filed words · FY2024.
01

Host and sponsor community awareness events, Jail-Aint-No-Good Walk-A-Thon, Juneteenth Parade and Street Fair, Health Fairs and Community Health Walk. Sponsor a radio broadcast where incubator trainees can advertise for below market rates. Produce a free community awareness newspaper. Sponsor a summer camp program.

$436Kprogram expense
02

Provide and support low/moderate housing. Assist tenants with co-op conversion. Assist tenants with social economic needs. Sponsor community clean-up and green program. Operate a store-front entrepreneur incubator program which allows business owners to occupy store-front commercial space that would normally be out of their financial…

$140Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CMsdc INC
EINHdr · item D32-0305260
Principal addressHdr · item CNew York, NY
WebsiteHdr · item Jnone reported
Year of formationHdr · item Lpending
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFCommunity Development (S30)
Ruling yearIRS BMFDec 2015

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a3
Independent voting membersPt VI · Ln 1bpending
Conflict-of-interest policyPt VI · Ln 12aNo
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2Yes

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$36,000Pt VII · Sec A
Board Secretary
$0Pt VII · Sec A
Project Director
$0Pt VII · Sec A

Izak-El M Pasha’s $36K as Executive Director is at the 19th percentile of top reported officer pay among 1710 $100K–1M community development nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Izak-El M Pasha$36,000$49,500$54,000$54,000$44,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue100%$551K
Investment income$2
Total revenueLn 12$551K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$577K
Total functional expensesLn 25$577K

Balance Sheet

Part X · end of year
CashLn 1$10K
Total assetsLn 16$10K
Total liabilitiesLn 26$0
Total net assetsLn 32$10K
Months of cash on handcomputed0.2

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $10K · Operating expenses/yr $577K
0.2 months
Where the money goes
Program services
Program services $577K · Total expenses $577K
100%
Management & General
Management & general $0 · Total expenses $577K
0%
Fundraising
Fundraising $0 · Total expenses $577K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $256K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $551K
0%
Government reliance
Government grants — · Total revenue $551K
Earned-income share
Program service revenue $551K · Total revenue $551K
100%
Investment reliance
Investment income $2 · Total revenue $551K
0%
Program self-sufficiency
Program service revenue $551K · Total expenses $577K
96%
Growth & trend
Revenue growth (YoY)
This year $551K · Prior year $565K
-2%
Revenue CAGR
FY2020 $620K · FY2024 $551K
-3%
Net-asset trend (YoY)
End of year $10K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $551K · Expenses $577K
-5%
Liabilities-to-Assets
Total liabilities — · Total assets $10K
Net-asset ratio
Net assets $10K · Total assets $10K
100%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $10K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Izak-El M Pasha · Reported title Executive Director · Highest reported compensation $36K · Total expenses $577K
6%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $323K · Total expenses $577K
56%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%
Overhead ratio 0%
Revenue growth -2%
Investment management fee ratio 0%
Legal fee ratio 0%
Accounting fee ratio 0%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$500

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$551K revenue · viewing · ⤓ 990 PDF
FY2023$565K revenue · ⤓ 990 PDF
FY2022$726K revenue · ⤓ 990 PDF
FY2021$780K revenue · ⤓ 990 PDF
FY2020$620K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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