Msmc Residential Realty Llc
Msmc Residential Realty Llc consistently operates at a deficit with liabilities exceeding assets.
EIN: 200244426 · New York, NY · NTEE: E19 · Updated: 2026-03-28
Is Msmc Residential Realty Llc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Msmc Residential Realty Llc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Msmc Residential Realty Llc
Msmc Residential Realty Llc (EIN: 200244426) is a nonprofit organization based in New York, NY, classified under NTEE code E19. The organization reported total revenue of $32.1M and total assets of $86.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Msmc Residential Realty Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Msmc Residential Realty Llc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Msmc Residential Realty Llc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid or compensated through mechanisms not reported as officer compensation on the IRS 990, which is a positive sign for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Msmc Residential Realty Llc's IRS 990 filings:
- Consistent operating deficits (e.g., $3.4M deficit in 2023)
- Liabilities consistently exceed assets (e.g., $149.2M liabilities vs. $99.7M assets in 2023)
- Declining asset base over recent years (from $110.2M in 2020 to $99.7M in 2023)
- Negative net asset position across all reported periods
Strengths
The following positive indicators were identified for Msmc Residential Realty Llc:
- 0% reported officer compensation, indicating efficient use of funds at the executive level or volunteer leadership.
- Consistent revenue generation over $25M annually.
Frequently Asked Questions about Msmc Residential Realty Llc
Is Msmc Residential Realty Llc a legitimate charity?
Based on AI analysis of IRS 990 filings, Msmc Residential Realty Llc (EIN: 200244426) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Msmc Residential Realty Llc spend its money?
Msmc Residential Realty Llc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Msmc Residential Realty Llc tax-deductible?
Msmc Residential Realty Llc is registered as a tax-exempt nonprofit (EIN: 200244426). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Msmc Residential Realty Llc financially sustainable given its consistent operating deficits?
The organization has consistently reported expenses exceeding revenue for the past five years (e.g., $33.9M expenses vs. $30.5M revenue in 2023), leading to a decline in assets and a persistent negative net asset position, raising concerns about long-term sustainability.
What is the source of funding for the organization's operations, given its revenue shortfalls?
With liabilities consistently exceeding assets (e.g., $149.2M liabilities vs. $99.7M assets in 2023), the organization appears to rely heavily on debt or other non-equity financing to cover its operational deficits.
How does the organization manage its significant liabilities?
The filings consistently show liabilities significantly higher than assets, indicating a substantial debt burden. The specific management strategies for these liabilities are not detailed in the provided summary data.
What is the detailed breakdown of program expenses?
The provided IRS 990 summary data does not offer a detailed breakdown of program expenses, making it difficult to assess the specific allocation of funds within its housing and shelter mission (NTEE E19).
Filing History
IRS 990 filing history for Msmc Residential Realty Llc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Msmc Residential Realty Llc's revenue has grown by 26.8%, moving from $24.1M to $30.5M. Total assets decreased by 1.8% over the same period, from $101.6M to $99.7M. Total functional expenses rose by 25.5%, from $27.0M to $33.9M. In its most recent filing year (2023), Msmc Residential Realty Llc reported a deficit of $3.4M, with expenses exceeding revenue. The organization holds $149.3M in liabilities against $99.7M in assets (debt-to-asset ratio: 149.6%), resulting in net assets of $-49,513,000.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $30.5M | $33.9M | $99.7M | $149.3M | — | — |
| 2022 | $29.1M | $33.8M | $102.7M | $157.1M | — | View 990 |
| 2021 | $27.4M | $32.3M | $105.7M | $155.5M | — | View 990 |
| 2020 | $27.0M | $33.4M | $110.2M | $155.1M | — | View 990 |
| 2019 | $29.3M | $32.3M | $105.9M | $144.4M | — | View 990 |
| 2018 | $30.3M | $29.0M | $110.3M | $145.8M | — | View 990 |
| 2017 | $29.9M | $27.5M | $112.0M | $148.9M | — | View 990 |
| 2016 | $29.2M | $26.1M | $109.3M | $148.6M | — | View 990 |
| 2015 | $28.3M | $25.8M | $106.3M | $148.6M | — | View 990 |
| 2014 | $28.8M | $26.0M | $103.9M | $148.8M | — | View 990 |
| 2013 | $25.8M | $24.1M | $103.3M | $150.9M | — | View 990 |
| 2012 | $24.6M | $25.8M | $100.6M | $149.9M | — | View 990 |
| 2011 | $24.1M | $27.0M | $101.6M | $149.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $30.5M, expenses of $33.9M, and assets of $99.7M (revenue +4.9% year-over-year).
- 2022: Revenue of $29.1M, expenses of $33.8M, and assets of $102.7M (revenue +5.9% year-over-year).
- 2021: Revenue of $27.4M, expenses of $32.3M, and assets of $105.7M (revenue +1.7% year-over-year).
- 2020: Revenue of $27.0M, expenses of $33.4M, and assets of $110.2M (revenue -8.0% year-over-year).
- 2019: Revenue of $29.3M, expenses of $32.3M, and assets of $105.9M (revenue -3.3% year-over-year).
- 2018: Revenue of $30.3M, expenses of $29.0M, and assets of $110.3M (revenue +1.4% year-over-year).
- 2017: Revenue of $29.9M, expenses of $27.5M, and assets of $112.0M (revenue +2.7% year-over-year).
- 2016: Revenue of $29.2M, expenses of $26.1M, and assets of $109.3M (revenue +3.1% year-over-year).
- 2015: Revenue of $28.3M, expenses of $25.8M, and assets of $106.3M (revenue -1.9% year-over-year).
- 2014: Revenue of $28.8M, expenses of $26.0M, and assets of $103.9M (revenue +11.7% year-over-year).
- 2013: Revenue of $25.8M, expenses of $24.1M, and assets of $103.3M (revenue +4.8% year-over-year).
- 2012: Revenue of $24.6M, expenses of $25.8M, and assets of $100.6M (revenue +2.3% year-over-year).
- 2011: Revenue of $24.1M, expenses of $27.0M, and assets of $101.6M.
Data Sources and Methodology
This transparency report for Msmc Residential Realty Llc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.