Nonprofit · EIN 20-0244426
MSMC RESIDENTIAL REALTY LLC
Tax-exempt · NEW YORK, NY 10029
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $32,093,000 | $35,438,000 | -$3,345,000 | $86,412,264 | $130,918,264 | -$44,506,000 |
| December 31, 2023 | 990 | $30,490,000 | $33,908,000 | -$3,418,000 | $99,743,753 | $149,256,753 | -$49,513,000 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $31,332,900
- Investment income
- $389,769
- Other revenue
- $370,331
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $5,796,738
- Salaries, compensation and benefits (total)
- $7,951,753
- Professional fundraising fees
- $0
- Legal fees
- $248,816
- Accounting fees
- $40,000
- Occupancy
- $3,687,263
- Travel
- $24,944
- Depreciation
- $10,018,792
- Program services (functional)
- $31,418,666
- Management and general (functional)
- $4,019,334
Balance sheet and other
- Total assets, start of year
- $99,743,753
- Total assets, end of year
- $86,412,264
- Total liabilities, end of year
- $130,918,264
- Net assets, end of year
- -$44,506,000
- Land, buildings and equipment
- $75,143,935
- Gross receipts
- $32,093,000
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2003
- State of legal domicile
- NY
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARGARET PASTUSZKO 1 | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $2,290,081 | $72,844 |
| STEPHEN HARVEY 1 | TREASURER (END 12/31/24) Officer | 0.5 | $0 | $1,972,048 | $85,092 |
| Beth Essig | Former officer Former | 0 | $0 | $1,782,724 | $58,108 |
| Vincent Tammaro | Treasurer (Start 10/1/24) (1) Officer | 0.5 | $0 | $679,061 | $9,991 |
| CHRISTOPHER CONSIDINE 1 | SECRETARY Officer | 0.5 | $0 | $550,728 | $64,161 |
990 for the year ended December 31, 2023: 4 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| MARGARET PASTUSZKO (1) | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $2,423,803 | $69,483 |
| STEPHEN HARVEY (1) | TREASURER Officer | 0.5 | $0 | $2,026,048 | $81,824 |
| Beth Essig | Former officer Former | 0 | $0 | $1,822,706 | $55,465 |
| CHRISTOPHER CONSIDINE (1) | SECRETARY Officer | 0.5 | $0 | $557,785 | $60,493 |
Address and contacts
- Address (IRS master file)
- 1425 MADISON AVE, NEW YORK, NY 10029-6514
- In care of
- % MAHENDRA JAGMOHAN
- Principal officer (990 for 2024)
- Vincent Tammaro, 150 EAST 42ND STREET, NEW YORK, NY 10017
- Signed the 990
- Vincent Tammaro, Officer
- Phone
- (646) 605-4103
- Return prepared by
- ERNST & YOUNG US LLP
Mission
SUPPORT ITS MEMBER CORPORATIONS BY ACQUIRING, OWNING, FINANCING, OPERATING AND DISPOSING OF REAL ESTATE PRIMARILY FOR USE AS STAFF HOUSING FOR ITS MEMBERS.
Program accomplishments
- MSMC RESIDENTIAL REALTY LLC SUPPORTS ITS MEMBER CORPORATIONS BY ACQUIRING, OWNING, FINANCING, OPERATING AND DISPOSING OF REAL ESTATE PRIMARILY FOR THE USE OF STAFF HOUSING.Expenses $31,418,666 · revenue $31,703,231
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 20-0244426
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Supporting organization (509(a)(3))
- Donations deductible (Pub 78)
- Supporting organization of unknown type
- Exempt since
- 2005
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Health care (E19)
- Assets (IRS master file)
- $86,412,264
- Income (IRS master file)
- $32,093,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $32,093,000 | $35,438,000 | $86,412,264 | IRS |
| 990 | December 2023 | $30,490,000 | $33,908,000 | $99,743,753 | XML |
| 990 | December 2022 | $29,054,000 | $33,764,000 | $102,651,438 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-0244426).
Questions about MSMC RESIDENTIAL REALTY LLC
- What is the EIN of MSMC RESIDENTIAL REALTY LLC?
- The employer identification number (EIN) of MSMC RESIDENTIAL REALTY LLC is 20-0244426.
- Is MSMC RESIDENTIAL REALTY LLC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2005.
- Are donations to MSMC RESIDENTIAL REALTY LLC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Supporting organization of unknown type).
- Which annual return does MSMC RESIDENTIAL REALTY LLC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of MSMC RESIDENTIAL REALTY LLC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did MSMC RESIDENTIAL REALTY LLC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of MSMC RESIDENTIAL REALTY LLC?
- The 990 for the year ended December 31, 2024 names Vincent Tammaro.
- Who are the officers and directors of MSMC RESIDENTIAL REALTY LLC?
- The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
- How much revenue does MSMC RESIDENTIAL REALTY LLC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $32,093,000, expenses of $35,438,000 and total assets of $86,412,264 at year end.
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