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MSMC REALTY CORPORATION
NEW YORK, NY · EIN 133852596 · Form 990 · FY2024 · NTEE S50Z · Community Improvement · Medium ($1M-$10M)
revenue
$1.4M
expenses
$1.4M
net assets
$5.0M
employees
0
program ratio
100%
mission · from form 990

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.

profile · synthesized from sources

MSMC REALTY CORPORATION is a New York-based nonprofit real estate entity established to support tax-exempt organizations by managing, maintaining, and developing real property on their behalf. The organization focuses exclusively on holding, acquiring, and disposing of real estate assets to benefit its member institutions. Its activities are limited to property management and stewardship without direct public programming.

named programs · 2 · from sources

What they call their work

Property Acquisition and Disposition
Acquires, develops, and disposes of real property holdings to further the mission and financial stability of member organizations
Real Property Management
Manages and maintains real estate assets on behalf of tax-exempt member organizations to support their operational needs
activities · 1 group

What they do

  • Nonprofit Real Estate Holding 1 activity
    • Manages and maintains real property to support tax-exempt members
      Acquires, develops, holds, manages, maintains, and disposes of real estate for the benefit of tax-exempt organizations. This includes long-term stewardship and strategic development of property assets.
financials · form 990 · fy2024
revenue
Total revenue$1.43M
Contributions & grants$291K20%
Program service revenue$1.14M80%
Investment income$00%
Other revenue$0
expenses
Total expenses$1.43M
Program expenses100%
Admin / overhead0%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$140.74M
Cash$0
Investments$0
Liabilities$135.75M
Net assets$5.00M
Liquid reserves0.0 mo
5 years on record · 2020–2024 · YoY revenue +2.9%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 8
NameTitleHours/wkCompensation
MARGARET PASTUSZKO PRESIDENT 1 $2.36M
STEPHEN HARVEY TREASURER (END 12/31/24) 1 $2.06M
Beth Essig Former officer 0 $1.84M
JEFFERY SILBERSTEIN TRUSTEE 1 $1.49M
EMMA PALMER TRUSTEE 1 $863K
VINCENT TAMMARO TREASURER (START 10/31/24) 1 $689K
CHRISTOPHER CONSIDINE SECRETARY 1 $615K
BETH YAGODA TRUSTEE 1 $583K
relationships · 1

Who they work with

  • Tax-exempt members Partner — Provides real estate management and property services to support tax-exempt member organizations.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.