Civic Intelligence

Msdc Inc.

990 • Fiscal year 2022 • EIN 32-0305260

Jan 01, 2022 to Dec 31, 2022 • Filed on Sep 13, 2023

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

42nd percentile

0.04x

Higher debt load relative to assets than 42% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Liabilities / Revenue

25th percentile

0.00x

Higher debt load relative to revenue than 25% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Net Margin

34th percentile

0.4%

Higher net margin than 34% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Top Officer Pay

59th percentile

$54,000

Higher top officer pay than 59% of similar nonprofits.

Top officer pay equals 7.4% of source-year revenue.

2022 filings • NTEE S • $500k-$1M nonprofits • Source year 2022

Asset Growth

6th percentile

-42%

Faster asset growth than 6% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2021 to 2022

Revenue Growth

21st percentile

-6.9%

Faster revenue growth than 21% of similar nonprofits.

2022 filings • NTEE S • $500k-$1M nonprofits • Annualized from 2021 to 2022

Balance Sheet
Liabilities / Assets42nd percentile

Assets

Down

$56,003

Down $41,084 (-42%) from 2021

Net Assets

Up

$53,524

Up $35,391 (+195%) from 2021

Liabilities

Down

$2,479

Down $76,475 (-97%) from 2021

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin34th percentile

Revenue

Down

$726,254

Down $53,913 (-6.9%) from 2021

Expenses

Down

$723,673

Down $17,022 (-2.3%) from 2021

Net Income

Down

$2,581

Down $36,891 (-93%) from 2021

Historical Trend

Balance Sheet Trend

Asset Growth6th 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

2022

Assets$56,003
Liabilities$2,479
Net Assets$53,524
Open 2022 Filing

Operations Trend

Revenue Growth21st 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

2022

Revenue$726,254
Expenses$723,673
Net Income$2,581
Open 2022 Filing
Jump To
Filing Snapshot
Filing Period
Jan 1, 2022 to Dec 31, 2022
Signed
Sep 13, 2023
Return Version
2022v5.0
Gross Receipts
$726,254
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 to entrepreneurs small business owners. Provide an incubator program for small business entrepreneurs to start grow their businesses. Provide low-moderate income housing rehabilitat

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts$96,842$55,812▼ $41,030
Rtn Earn Endowment Incm Other Fnds$18,133$53,524▲ $35,391
Accounts Receivable$245$191▼ $54
Total Assets$97,087$56,003▼ $41,084
Liabilities
Mortgage Notes Payable Secured by Investment Property$75,000--
Accounts Payable and Accrued Expenses$3,954$2,479▼ $1,475
Total Liabilities$78,954$2,479▼ $76,475
Net Assets / Fund Balance
Total Net Assets Fund Balance$18,133$53,524▲ $35,391
Total Liabilities and Net Assets / Fund Balance$97,087$56,003▼ $41,084
Compensation and Service Providers
Top Officer Pay59th 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
$377,075
Program Service Revenue
$348,234
Investment Income
$8
Other Revenue
$937
Change in Net Assets
$2,581
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$431,191
Salaries, Compensation, and Employee Benefits$292,482
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$209,893--$209,893
Other Expenses$96,443--$96,443
Current Officers, Directors, Trustees, and Key Employees$67,500--$67,500
Office Expenses$29,731--$29,731
All Other Expenses$29,133--$29,133
Advertising$22,500--$22,500
Occupancy$15,083--$15,083
Insurance$14,686--$14,686
Payroll Taxes$9,042--$9,042
Other Employee Benefits$6,047--$6,047
Total Functional Expenses$723,673$0$0$723,673
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
2023-09-13
Discuss with paid preparer
Yes

Organization Details

Formed
2010
Legal Domicile
Ny
Voting Board Members
3
Independent Board Members
0
Employees
12

Preparer

Firm
Ivan Armstrong CPA
Address
112-19 34th Avenue 3D, Corona, NY 11368
Preparer
Ivan Armstrong
Phone
2122332777
Supplemental Narrative

Additional Explanations

Form 990, Part XI, Line 9

“A program development fund with an net asset balance of 32,818 was eliminated and moved to separate company Malcolm Shabazz Development Corp. tax ID 13-3982063”

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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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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/ExplanationTxt3A program development fund with an net asset balance of 32,818 was eliminated and moved to separate company Malcolm Shabazz Development Corp. tax ID 13-3982063
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 XI, Line 9
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IRS990/TaxablePartyNotificationInd0false
IRS990/TaxExemptBondsInd0false
IRS990/TerminateOperationsInd0false
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IRS990/TotalAssetsEOYAmt056003
IRS990/TotalAssetsGrp/BOYAmt097087
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IRS990/TotalCompGreaterThan150KInd0false
IRS990/TotalContributionsAmt0377075
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IRS990/TotalProgramServiceRevenueAmt0348234
IRS990/TotalReportableCompFromOrgAmt054000
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IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt056003
IRS990/TravelGrp/TotalAmt00
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IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd0false
IRS990/UponRequestInd0X
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IRS990/USAddress/CityNm0New York
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010026
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ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0Marsha Pasha
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/PhoneNum02126622200
ReturnHeader/BusinessOfficerGrp/SignatureDt02023-09-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0MSDC Inc
ReturnHeader/Filer/BusinessNameControlTxt0MSDC
ReturnHeader/Filer/EIN0320305260
ReturnHeader/Filer/PhoneNum02126622200
ReturnHeader/Filer/USAddress/AddressLine1Txt0102 West 116th Street
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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 Avenue 3D
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Corona
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0NY
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd011368
ReturnHeader/PreparerPersonGrp/PhoneNum02122332777
ReturnHeader/PreparerPersonGrp/PreparationDt02023-09-13
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ivan Armstrong
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02023-09-13T11:26:41-00:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0Marsha
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0Pasha
ReturnHeader/TaxPeriodBeginDt02022-01-01
ReturnHeader/TaxPeriodEndDt02022-12-31
ReturnHeader/TaxYr02022

Document Assets

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Filings

Displayed year

2022 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$56,003
Liabilities
$2,479
Net assets
$53,524
Revenue
$726,254
Expenses
$723,673
Net income
$2,581
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