MSDC Inc

EIN: 320305260 501(c)(3) Community Improvement

New York, NY

Total Revenue
$564,852
Total Expenses
$582,578
Total Assets
$35,798
Net Assets
$35,798
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2010
Legal Domicile
NY
Phone
2126622200
Tax Period
2023-01-01 to 2023-12-31

MSDC Inc, founded in 2010, is a small nonprofit in the Community Improvement sector that reported $565K in total revenue in fiscal year 2023. Revenue fell 22% from the prior year — a significant decline worth monitoring.

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 rehabilitat

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $389,845
Program Service Revenue $174,995
Investment Income $12
Other Revenue $0
TOTAL REVENUE $564,852

Expense Breakdown

Grants Paid $0
Salaries & Benefits $322,615
Fundraising Expenses $0
Program Expenses $582,578
Other Expenses $259,963
TOTAL EXPENSES $582,578

Year-over-Year Comparison

2023 2022 Change
Revenue $564,852 $726,254 -0.2%
Expenses $582,578 $723,673 -0.2%
Net Income $-17,726 $2,581 -7.9%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
3
Independent Members
N/A
Employees
12
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
⚠ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$49,500
Total Directors
1
$49,500
Key Employees
2
$49,500
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Izak-el M Pasha Executive Director 040.00
Officer Director Key Emp Highest
$49,500 $0 $49,500
Akbar Muhammad Board Secretary 001.00
Officer
$0 $0 $0
Mujib Mannan Project Director 001.00
Officer Key Emp
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $564,852 $582,578 $35,798 $-17,726
2022 $726,254 $723,673 $56,003 $2,581
2021 $780,167 $740,695 $97,087 $39,472
2020 $620,128 $664,986 $115,871 $-44,858
2019 $1,207,598 $1,321,995 $101,280 $-114,397
2018 $955,441 $1,019,458 $140,008 $-64,017
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