Civic Intelligence

Msdc Inc.

990 • Fiscal year 2021 • EIN 32-0305260

Jan 01, 2021 to Dec 31, 2021 • Filed on Jun 24, 2022

Organization Profile
102 West 116th StreetNew York, NY 10026

(212) 662-2200

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

91st percentile

0.81x

Higher debt load relative to assets than 91% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Liabilities / Revenue

55th percentile

0.10x

Higher debt load relative to revenue than 55% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Net Margin

39th percentile

5.1%

Higher net margin than 39% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Top Officer Pay

56th percentile

$54,000

Higher top officer pay than 56% of similar nonprofits.

Top officer pay equals 6.9% of source-year revenue.

2021 filings • NTEE S • $500k-$1M nonprofits • Source year 2021

Asset Growth

8th percentile

-16%

Faster asset growth than 8% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2020 to 2021

Revenue Growth

68th percentile

26%

Faster revenue growth than 68% of similar nonprofits.

2021 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / Assets91st percentile

Assets

Down

$97,087

Down $18,784 (-16%) from 2020

Net Assets

Up

$18,133

Up $39,472 (+185%) from 2020

Liabilities

Down

$78,954

Down $58,256 (-42%) from 2020

Revenue And Expenses
Liabilities / Revenue55th percentileNet Margin39th percentile

Revenue

Up

$780,167

Up $160,039 (+26%) from 2020

Expenses

Up

$740,695

Up $75,709 (+11%) from 2020

Net Income

Up

$39,472

Up $84,330 (+188%) from 2020

Historical Trend

Balance Sheet Trend

Asset Growth8th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$300K$200K$100K$0-$100KAssets 2015: $204,187Liabilities 2015: $357Net Assets 2015: $203,8302015Assets 2016: $166,319Liabilities 2016: $623Net Assets 2016: $165,6962016Assets 2017: $203,740Liabilities 2017: $1,807Net Assets 2017: $201,9332017Assets 2018: $140,008Liabilities 2018: $2,092Net Assets 2018: $137,9162018Assets 2019: $101,280Liabilities 2019: $77,761Net Assets 2019: $23,5192019Assets 2020: $115,871Liabilities 2020: $137,210Net Assets 2020: -$21,3392020Assets 2021: $97,087Liabilities 2021: $78,954Net Assets 2021: $18,1332021Assets 2022: $56,003Liabilities 2022: $2,479Net Assets 2022: $53,5242022Assets 2023: $35,798Liabilities 2023: $0Net Assets 2023: $35,7982023Assets 2024: $10,496Liabilities 2024: $0Net Assets 2024: $10,4962024

Highlighted filing

2021

Assets$97,087
Liabilities$78,954
Net Assets$18,133
Open 2021 Filing

Operations Trend

Revenue Growth68th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500KRevenue 2015: $1,313,643Expenses 2015: $1,207,736Net Income 2015: $105,9072015Revenue 2016: $845,766Expenses 2016: $883,900Net Income 2016: -$38,1342016Revenue 2017: $885,948Expenses 2017: $849,711Net Income 2017: $36,2372017Revenue 2018: $955,441Expenses 2018: $1,019,458Net Income 2018: -$64,0172018Revenue 2019: $1,207,598Expenses 2019: $1,321,995Net Income 2019: -$114,3972019Revenue 2020: $620,128Expenses 2020: $664,986Net Income 2020: -$44,8582020Revenue 2021: $780,167Expenses 2021: $740,695Net Income 2021: $39,4722021Revenue 2022: $726,254Expenses 2022: $723,673Net Income 2022: $2,5812022Revenue 2023: $564,852Expenses 2023: $582,578Net Income 2023: -$17,7262023Revenue 2024: $551,269Expenses 2024: $576,571Net Income 2024: -$25,3022024

Highlighted filing

2021

Revenue$780,167
Expenses$740,695
Net Income$39,472
Open 2021 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Jun 24, 2022
Return Version
2021v4.2
Gross Receipts
$780,167
Mission and Program Overview

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 stree corridor. Provide sponsor community awareness events.

Provide Technical Assistance for small business entrepreneurs. Provide low moderate income housing, rehabilitate existing housing stock in the 116th street corridor. Provide and sponsor community awareness events.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$114,428$96,842▼ $17,586
Rtn Earn Endowment Incm Other Fnds$-21,339$18,133▲ $39,472
Accounts Receivable$1,443$245▼ $1,198
Total Assets$115,871$97,087▼ $18,784
Liabilities
Mortgage Notes Payable Secured by Investment Property$134,137$75,000▼ $59,137
Accounts Payable and Accrued Expenses$3,073$3,954▲ $881
Total Liabilities$137,210$78,954▼ $58,256
Net Assets / Fund Balance
Total Net Assets Fund Balance$-21,339$18,133▲ $39,472
Total Liabilities and Net Assets / Fund Balance$115,871$97,087▼ $18,784
Compensation and Service Providers
Top Officer Pay56th percentile

Employees

NameTitleFull / Part TimeBaseTotal
Izak-el M PashaExecutive DirectorFT$54,000$54,000

Board Members and Trustees

NameTitle
Akbar MuhammadBoard Secretary
Mujib MannanProject Director
Revenue and Support

Revenue Composition

Contributions and Grants
$455,423
Program Service Revenue
$290,286
Investment Income
$10
Other Revenue
$34,448
Change in Net Assets
$39,472
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$535,326
Salaries, Compensation, and Employee Benefits$205,369
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Comp Disqual Persons$130,960--$130,960
Fees for Services Management$126,486--$126,486
Occupancy$95,205--$95,205
All Other Expenses$88,930--$88,930
Current Officers, Directors, Trustees, and Key Employees$54,000--$54,000
Advertising$24,500--$24,500
Other Employee Benefits$10,391--$10,391
Payroll Taxes$10,018--$10,018
Office Expenses$7,181--$7,181
Other Expenses$7,178--$7,178
Fees for Services Accounting$4,837--$4,837
Travel$3,314--$3,314
Insurance$3,232--$3,232
Fees for Services Legal$1,500--$1,500
Total Functional Expenses$740,695$0$0$740,695
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Federal income taxes-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
No
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
No
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

“There is a relationship between the Administrative Secretary Marsha Pasha and one of the Directors Izak-EL M Pasha. They have a Father - daughter relationship”

Form 990, Part VI, Section B, Line 11B

“The 990 document is prepared by an independent accountant who circulates the same to members of the board for comments and review. If no comments or recommendations are made after the review the document is then executed by the relevant board members and filed with the IRS.”

Form 990, Part VI, Section C, Line 19

“Upon request, we will continue to make our 990 reports available to the public upon request. These filings can be accessed at our main office 102 West 116th Street, New York, NY 10026”

Filing and Contact Details

Filer

Filer Name
MSDC Inc
EIN
32-0305260
Phone
2126622200
Address
102 West 116th Street, New York, NY 10026

Signing Officer

Name
Marsha Pasha
Title
Director
Phone
2126622200
Signed
2022-06-24
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
8

Preparer

Firm
Ivan Armstrong CPA
Address
112-19 34th Ave, Corona, NY 11368
Preparer
Ivan Armstrong
Phone
2122332777
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 24E

“Commerical Space Management Fees - 120,824”

Form 990, Part IX, Line 24E

“Services Rendered - 139,740”

Raw XML Appendix372 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt04449282
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IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0false
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0Federal income taxes
IRS990ScheduleD/OtherSecuritiesGrp/Desc0Financial derivatives and other financial products
IRS990ScheduleD/OtherSecuritiesGrp/Desc1Closely-held equity interests
IRS990/ScheduleJRequiredInd0false
IRS990/ScheduleORequiredInd0false
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0There is a relationship between the Administrative Secretary Marsha Pasha and one of the Directors Izak-EL M Pasha. They have a Father - daughter relationship
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1The 990 document is prepared by an independent accountant who circulates the same to members of the board for comments and review. If no comments or recommendations are made after the review the document is then executed by the relevant board members and filed with the IRS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2Upon request, we will continue to make our 990 reports available to the public upon request. These filings can be accessed at our main office 102 West 116th Street, New York, NY 10026
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3Commerical Space Management Fees - 120,824
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4Services Rendered - 139,740
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Form 990, Part VI, Section A, Line 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Form 990, Part VI, Section B, Line 11b
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Form 990, Part VI, Section C, Line 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Form 990, Part IX, Line 24e
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Form 990, Part IX, Line 24e
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IRS990/USAddress/CityNm0New York
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ReturnHeader/BusinessOfficerGrp/PersonNm0Marsha Pasha
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02126622200
ReturnHeader/BusinessOfficerGrp/SignatureDt02022-06-24
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MSDC Inc
ReturnHeader/Filer/BusinessNameControlTxt0MSDC
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ReturnHeader/Filer/USAddress/StateAbbreviationCd0NY
ReturnHeader/Filer/USAddress/ZIPCd010026
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0134045620
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ivan Armstrong CPA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0112-19 34th Ave
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Corona
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011368
ReturnHeader/PreparerPersonGrp/PhoneNum02122332777
ReturnHeader/PreparerPersonGrp/PreparationDt02022-09-12
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ivan Armstrong
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02022-09-12T04:21:54-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Marsha
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Pasha
ReturnHeader/TaxPeriodBeginDt02021-01-01
ReturnHeader/TaxPeriodEndDt02021-12-31
ReturnHeader/TaxYr02021

Document Assets

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Filings

Displayed year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$97,087
Liabilities
$78,954
Net assets
$18,133
Revenue
$780,167
Expenses
$740,695
Net income
$39,472
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.01$0.00$0.01$0.55$0.58$0.03
2023Detailed filing. Detailed filing data is available for this year.$0.04$0.00$0.04$0.56$0.58$0.02
2022Detailed filing. Detailed filing data is available for this year.$0.06$0.00$0.05$0.73$0.72$0.00
2021Detailed filing. Detailed filing data is available for this year.$0.10$0.08$0.02$0.78$0.74$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.12$0.14$0.02$0.62$0.66$0.04
2019Detailed filing. Detailed filing data is available for this year.$0.10$0.08$0.02$1.21$1.32$0.11
2018Detailed filing. Detailed filing data is available for this year.$0.14$0.00$0.14$0.96$1.02$0.06
2017Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$0.89$0.85$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.17$0.00$0.17$0.85$0.88$0.04
2015Detailed filing. Detailed filing data is available for this year.$0.20$0.00$0.20$1.31$1.21$0.11