Overview
What is Msmc Residential Realty Llc?
Msmc Residential Realty LLC is a New York-based organization dedicated to supporting its member corporations by acquiring, owning, financing, operating, and disposing of real estate primarily for the purpose of staff housing. This nonprofit aims to provide accommodations for its members, ensuring a stable living situation to enable their focus on their respective businesses. Through its real estate activities, Msmc Residential Realty LLC contributes to the well-being and productivity of its affiliated companies.
Official website here: www.mountsinai.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 81% (Three-Star out of Four Stars)
Msmc Residential Realty Llc has received an 81% rating from Charity Navigator, which reflects a solid level of accountability and financial health. The organization boasts a strong program expense ratio of 95.06%, indicating that a significant portion of its funding is directed towards its programs rather than administrative costs.
The board of directors is primarily independent, with 66% of its members meeting this criterion, which enhances governance and oversight. The organization has established comprehensive policies, including conflict of interest and whistleblower protections, and also maintains transparency through the publication of its financial statements and board meeting minutes.
While the overall score is commendable, the three-star rating suggests there is room for improvement in certain areas to reach a higher level of recognition. Continued focus on enhancing operational efficiencies and maximizing program impact could further elevate Msmc Residential Realty Llc's standing among nonprofits.
This AI summary has been generated from information found on Charity Navigator.
Is Msmc Residential Realty Llc legitimate?
Msmc Residential Realty Llc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Msmc Residential Realty Llc 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.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $5,421,580
For more financial information, click here
Official website here: www.mountsinai.org
What is the mission statement of Msmc Residential Realty Llc?
Msmc Residential Realty Llc plays a crucial role in supporting its member corporations by acquiring, owning, financing, operating, and disposing of real estate primarily for the purpose of providing staff housing. By engaging in these real estate activities, the company ensures the availability of living quarters for its members, thus contributing significantly to their operations. The real estate holdings of Msmc Residential Realty Llc serve as essential infrastructure for its member corporations, enabling them to attract and retain a skilled workforce. The company's dedication to acquiring and managing properties for staff housing demonstrates its commitment to the well-being and success of its members.
Official website here: www.mountsinai.org
Who is the CEO of Msmc Residential Realty Llc?
Stephen Harvey is the Trustee of Msmc Residential Realty Llc.
Official website here: www.mountsinai.org
What is the revenue of Msmc Residential Realty Llc?
Msmc Residential Realty Llc's revenue in 2022 was $29,054,000.
Official website here: www.mountsinai.org
Who are the executives of Msmc Residential Realty Llc and what are their salaries?
Here are 10 key members and their salaries:
- Compensation: $0
- Related: $6,806,976
- Other: $89,405
- Compensation: $0
- Related: $2,571,508
- Other: $64,512
- Compensation: $0
- Related: $2,113,585
- Other: $77,093
- Compensation: $0
- Related: $1,686,861
- Other: $51,704
- Compensation: $0
- Related: $541,863
- Other: $56,133
- Compensation: $0
- Related: $75,000
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.mountsinai.org
Where can I find the form 990 for Msmc Residential Realty Llc?
Msmc Residential Realty Llc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.mountsinai.org
Learn more at the official website: www.mountsinai.org
Mission Statement of Msmc Residential Realty Llc
Msmc Residential Realty LLC, a dedicated organization, focuses on supporting its member corporations by acquiring, owning, financing, operating, and disposing of real estate primarily for staff housing purposes. By engaging in this mission, Msmc Residential Realty LLC plays a vital role in ensuring the availability of adequate housing solutions for the employees of its member corporations.
Through its dedicated efforts, the organization has taken on the responsibility of managing a vast portfolio of real estate properties intended for staff housing. By acquiring and owning these properties, Msmc Residential Realty LLC ensures that its member corporations have access to quality housing options for their employees. Furthermore, by financing these properties, the organization alleviates the financial burden from its member corporations, enabling them to focus on their core missions.
Operating these properties is another critical aspect of Msmc Residential Realty LLC's role. By providing essential services and maintaining the properties in good condition, the organization ensures a comfortable living experience for the employees. Lastly, the disposal of properties is an important part of Msmc Residential Realty LLC's mission, as it allows the organization to reinvest in new properties and continue its commitment to providing quality staff housing solutions for its member corporations.
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Impact
October, 2024
Msmc Residential Realty LLC plays a crucial role in supporting its member corporations by focusing on the acquisition, ownership, financing, operation, and eventual disposition of real estate. Its primary aim is to provide staff housing, which is essential for the retention and satisfaction of personnel within its member organizations. By ensuring that adequate housing options are available, Msmc Residential Realty LLC directly contributes to the stability and well-being of the workforce, thereby enhancing operational efficiency and fostering a supportive environment for staff. This focus on securing reliable housing solutions aids in attracting and maintaining talent, ultimately benefiting the health and effectiveness of the member corporations in New York.
This information is meant to be a general summary of Msmc Residential Realty Llc. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: -$509,622
- Program Service Revenue: $29,198,388
- Gross Receipts: $29,054,000
Assets and Liabilities:
- Total Assets: $102,651,438
- Total Liabilities: $157,117,438
- Net Assets: -$54,466,000
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$29,198,388
Organization Details
Founding Year
2003
Phone
(646) 605-4103Principal Officer
Stephen Harvey
Main Address
1425 Madison Avenue, New York, NY, 10029
Website
www.mountsinai.orgNTEE Category
Code: E19 - Health
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