Msmc Realty Corporation
Overview
Mission
Msmc realty corporation's mission is to support its tax exempt members by managing, maintaining, holding, developing, acquiring or disposing real property for their benefit.
What it reported doing in 2024
To hold and lease property to mount sinai hospital for its tax exempt purposes.
Operating model
- Revenue model
- Other-operating. 80% of the money available for current operations came from other operating revenue.
- Distribution model
- Direct operator. The nonprofit carried out 100% of its reported program work directly.
Nonprofit profile at a glance
- EIN
- 133852596
- IRS 990 coverage
- 2010–2024
- Forms available
- Form 990 2024
- Headquarters
- New York, NY, USA
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Nonprofit Management
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. A relatively small share of voting board members are independent and the filing reports few safeguards for setting executive pay.
Rating breakdown
- Financial Efficiency: 100
- Transparency & Controls: 90
- Accountability: 32
- Sustainability: 47
- Growth: 20
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 100%; rating input score 100
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: 4 of 6 controls in place; rating input score 67
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Yes; rating input score 100
- Public monitoring controls: Limited
- Public policy transparency: Limited
- Public financial transparency: Limited
- Impact reporting controls: Limited
- Public relationship transparency: Limited
Accountability
- Independent voting board: 0%; rating input score 0; 5th percentile among comparable filings
- Governance controls: 7 of 9 controls in place; rating input score 78
- Public governance controls: Limited
- Zakat policy transparency: Limited
Sustainability
- Operating margin: 0%; rating input score 35; 35th percentile among comparable filings
- Operating reserve ratio: 98.27; rating input score 99; 99th percentile among comparable filings
- Liabilities to assets ratio: 0.96; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 29.5%; rating input score 7; 7th percentile among comparable filings
Growth
- Program expense growth: -21.4% per year; rating input score 0; 2nd percentile among comparable filings
- Revenue growth: -11.1% per year; rating input score 0; 3rd percentile among comparable filings
- Asset growth: 14.1% per year; rating input score 100; 70th percentile among comparable filings
Details
- Where the money goes: 100% of revenue deployed · 100% of spending went to programs
- Governance: 0 of 7 board members independent · 7 of 9 filing controls reported
- Programs: 1 filed program accomplishment · $1.4M in reported program spending
- Leadership: top reported pay $2.4M · 8 people listed · 4 of 6 pay-setting controls reported
- Consistency: 18 of 18 current checks pass
- Schedules: 6 filed schedules · includes major donors, executive pay, and related organizations
- Filing history: 14 annual filings from 2010 to 2024
- Contacts: How to reach this organization
- Related organizations: 36 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.