Nonprofit · EIN 32-0305260
MSDC INC
Also known as MSDC GROUP
Tax-exempt (reinstated) · NEW YORK, NY 10026
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $551,269 | $576,571 | -$25,302 | $10,496 | $0 | $10,496 |
| December 31, 2023 | 990 | $564,852 | $582,578 | -$17,726 | $35,798 | $0 | $35,798 |
| December 31, 2021 | 990 | $780,167 | $740,695 | $39,472 | $97,087 | $78,954 | $18,133 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $551,267
- Investment income
- $2
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $36,000
- Other salaries and wages
- $255,487
- Salaries, compensation and benefits (total)
- $322,634
- Professional fundraising fees
- $0
- Accounting fees
- $2,075
- Occupancy
- $24,578
- Program services (functional)
- $576,571
Balance sheet and other
- Total assets, start of year
- $35,798
- Total assets, end of year
- $10,496
- Total liabilities, end of year
- $0
- Net assets, end of year
- $10,496
- Gross receipts
- $551,269
- Employees
- 12
- Year formed
- 2010
- 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 |
|---|---|---|---|
| Izak-el M Pasha | Executive Director Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $36,000 |
| Marsha Pasha | Board Secretary Officer | 1 | $0 |
| Mujib Mannan | Project Director Officer, Key employee | 1 | $0 |
990 for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Izak-el M Pasha | Executive Director Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $49,500 |
| Akbar Muhammad | Board Secretary Officer | 1 | $0 |
| Mujib Mannan | Project Director Officer, Key employee | 1 | $0 |
990 for the year ended December 31, 2021: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| Izak-el M Pasha | Executive Director Trustee or director, Officer, Key employee, Highest-paid employee | 40 | $54,000 |
| Akbar Muhammad | Board Secretary Officer | 1 | $0 |
| Mujib Mannan | Project Director Officer, Key employee | – | $0 |
Address and contacts
- Address (IRS master file)
- 102 WEST 116TH STREET, NEW YORK, NY 10026-2500
- Principal officer (990 for 2024)
- Marsha Pasha, 102 West 116th Street, New York, NY 10026
- Signed the 990
- Marsha Pasha, Director
- Phone
- (212) 662-2200
- Return prepared by
- Ivan Armstrong CPA
Mission
Provide technical assistance to entrepreneurs small business owners. Provide an incubator program for small business entrepreneurs to start grow their businesses. Provide low-moderate income housing rehabilitate existing housing stock in the 116th street corridor. Provide sponsor community awareness events.
Program accomplishments
- 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 rech.Expenses $140,106 · revenue $139,740
- 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. Sponsor youth participation at yearly religious conventions. Provide various assistance to members.Expenses $436,465 · revenue $411,529
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
- 32-0305260
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2015
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Community improvement and capacity building (S30)
- Assets (IRS master file)
- $10,496
- Income (IRS master file)
- $551,269
Revocation and reinstatement
- Exemption revoked
- May 15, 2013
- Posted by the IRS
- September 1, 2015
- Reinstated
- Effective May 15, 2013
From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $551,269 | $576,571 | $10,496 | XML |
| 990 | December 2023 | $564,852 | $582,578 | $35,798 | XML |
| 990 | December 2022 | $726,254 | $723,673 | $56,003 | IRS |
| 990 | December 2021 | $780,167 | $740,695 | $97,087 | XML |
| 990 | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS publishes only the latest e-Postcard per organization; earlier years appear here as 990.tax collects the monthly files. 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.
Questions about MSDC INC
- What is the EIN of MSDC INC?
- The employer identification number (EIN) of MSDC INC is 32-0305260.
- Is MSDC INC tax-exempt?
- Yes. The IRS revoked its exemption on May 15, 2013 and reinstated it effective May 15, 2013.
- Are donations to MSDC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does MSDC INC 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 MSDC INC 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 MSDC INC 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 MSDC INC?
- The 990 for the year ended December 31, 2024 names Marsha Pasha.
- Who are the officers and directors of MSDC INC?
- The 990 for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $36,000 (Izak-el M Pasha, Executive Director).
- How much revenue does MSDC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $551,269, expenses of $576,571 and total assets of $10,496 at year end.
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