Overview
What is Msdc Inc?
Msdc Inc is a nonprofit organization situated in New York City, specifically at 102 West 116th Street. Their primary mission involves providing and supporting affordable housing for individuals with low to moderate incomes. They offer assistance in co-op conversions and help tenants meet their social and economic needs. The organization also sponsors community clean-up and green initiatives, and operates a store-front entrepreneur incubator program. This program provides small business owners with technical assistance and commercial space, enabling them to start and grow their businesses within their financial reach. Furthermore, Msdc Inc takes part in community awareness events to promote their mission and engage with local residents. With a team of 12 dedicated individuals, they work diligently to enhance the living conditions and economic opportunities for those in their community.
Is Msdc Inc legitimate?
Msdc Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Msdc Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $67,500
Professional Fundraising Fees: $0
Other Salaries and Wages: $209,893
For more financial information, click here
What is the mission statement of Msdc Inc?
Msdc Inc's mission is centered around providing assistance to entrepreneurs and small business owners, as well as supporting the development and growth of these businesses through an incubator program. Additionally, the organization aims to rehabilitate existing low-moderate income housing stock in a specific area. To further its mission, Msdc Inc sponsors community awareness events and initiatives, such as clean-up and green programs, and operates a store-front entrepreneur incubator program that makes commercial space accessible to business owners who may otherwise struggle to afford it.
Who is the CEO of Msdc Inc?
Izak-El M Pasha is the Executive Director of Msdc Inc.
What is the revenue of Msdc Inc?
Msdc Inc's revenue in 2022 was $726,254.
Who are the executives of Msdc Inc and what are their salaries?
The average compensation at Msdc Inc during 2022 was $23,116. There are 12 employees at Msdc Inc.
Here are 3 key members and their salaries:
- Izak-El M Pasha (Executive Director)
- Akbar Muhammad (Board Secretary)
- Mujib Mannan (Project Director)
Where can I find the form 990 for Msdc Inc?
The Msdc Inc’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Msdc Inc
Msdc Inc, a nonprofit organization, is committed to providing technical assistance and support to entrepreneurs and small business owners. Its mission is threefold: firstly, it offers an incubator program to help budding entrepreneurs start and grow their businesses. Secondly, Msdc Inc is dedicated to rehabilitating existing low-moderate income housing in its community, specifically focusing on the 116th street corridor. Lastly, the organization sponsors community awareness events to foster a sense of unity and engagement among its residents. By offering these services, Msdc Inc aims to empower its community and contribute to its economic development.
Impact
This information is meant to be a general summary of Msdc Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Msdc Inc's impact can be seen in the tangible support and resources they provide to entrepreneurs and small business owners in New York City. Through their technical assistance programs and incubator initiatives, they empower individuals to start and grow their businesses. Additionally, Msdc Inc plays a crucial role in the revitalization of low to moderate-income housing in the 116th street corridor, ensuring that residents have access to quality and affordable housing options. The organization's commitment to community improvement is further exemplified by their sponsorship of awareness events and programs that promote environmental sustainability and social economic well-being. Overall, Msdc Inc's efforts are making a meaningful difference in the lives of individuals and the overall community they serve.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Mgmt Fees Services Rendered
Revenue
$348,234
Organization Details
Founding Year
2010
Phone
(212) 662-2200
Principal Officer
Izak-El M Pasha
Main Address
102 West 116th Street, New York, NY, 10026
NTEE Category
Code: S30 - Community improvement
If you are a representative of Msdc Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.