MMC Residential Corp I Inc

EIN: 911943271 Housing & Shelter

BRONX, NY

Total Revenue
$3,400,088
Total Expenses
$1,407,488
Total Assets
$16,563,968
Net Assets
$15,770,523
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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
1995
Legal Domicile
NY
Phone
9143498474
Tax Period
2024-07-01 to 2025-06-30

MMC Residential Corp I Inc, founded in 1995, is a community nonprofit in the Housing & Shelter sector that reported $3.4M in total revenue in fiscal year 2024. The organization ran a surplus of $2.0M, a strong 59% operating margin.

Mission

MMC RESIDENTIAL CORP. PROVIDES COMMERCIAL SPACE TO MONTEFIORE MEDICAL CENTER IN FURTHERANCE OF THE MEDICAL CENTER MISSION OF ADVANCING THE HEALTH OF THE COMMUNITIES SERVED.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0
Program Service Revenue $3,345,121
Investment Income $0
Other Revenue $54,967
TOTAL REVENUE $3,400,088

Expense Breakdown

Grants Paid $0
Salaries & Benefits $372,044
Fundraising Expenses $0
Program Expenses $0
Other Expenses $1,035,444
TOTAL EXPENSES $1,407,488

Year-over-Year Comparison

2024 2023 Change
Revenue $3,400,088 $3,301,219 +0.0%
Expenses $1,407,488 $1,453,759 0.0%
Net Income $1,992,600 $1,847,460 +0.1%
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
2
Independent Members
N/A
Employees
2
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
$4,936,614
Total Directors
3
$4,936,614
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHRISTOHPER S PANCZNER SECRETARY (RESIGNED 3/27/2025) 0.5
Officer Director
$0 $47,673 $1,966,237
EDWARD PFLEGING PRESIDENT 2.0
Officer Director
$0 $281,956 $1,913,810
EVAN RESNICK TREASURER 0.5
Officer Director
$0 $51,011 $1,056,567
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
2025 $3,400,088 $1,407,488 $16,563,968 $1,992,600
2023 $3,201,229 $1,379,599 $12,243,911 $1,821,630
2022 $3,113,054 $1,127,377 $10,358,508 $1,985,677
2021 $3,029,830 $1,097,711 $8,405,676 $1,932,119
2020 $2,939,511 $953,017 $6,396,372 $1,986,494
2019 $2,843,857 $1,667,536 $4,564,157 $1,176,321
2018 $2,756,213 $1,931,216 $3,173,987 $824,997
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