Mmc Residential Corp 1 Inc
Only null% goes to programs Strong reserves
Mmc Residential Corp 1 Inc is a 501(c)(2) organization based in Bronx, New York, registered in 2000, with $3,400,088 in FY2024 revenue. CharityIndex grades it C+.
3411 Wayne Avenue, Bronx, NY, 10467 EIN 91-1943271 Since 2000
Revenue (FY2024)
$3.4M
▲ 6.2% vs prior year
Housing median: $408K
Expenses (FY2024)
$1.4M
Net assets
$15.8M
Employees
—
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
C+
—Program efficiency40% of the ratingNo expense breakdown in filings
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for Mmc Residential Corp 1 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
B+Financial health25% of the rating134 mo reserves · +59% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For Mmc Residential Corp 1 Inc: 134 mo reserves · +59% margin earns a B+ on this criterion. See the exact thresholds →
—Governance25% of the ratingNot reported in this filing type
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for Mmc Residential Corp 1 Inc— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
DTransparency10% of the rating1 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For Mmc Residential Corp 1 Inc: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Contact & location
- Address
- 3411 Wayne Avenue, Bronx, NY, 10467
- City
- Bronx
- State
- New York
- Category
- Housing & Shelter
- Subcategory
- Housing Programs
Financial trends
Revenue grew from $2.5M (FY2014) to $3.4M (FY2024) across 10 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $793KNet assets $15.8M
Operating margin
58.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$16.6M
Total liabilities
$793K
Net assets
$15.8M
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $3,400,088▲6.2% | $1,407,488▲2.0% | $15,770,523▲32.2% | $16,563,968▲35.3% | 990 |
| 2022 | $3,201,229▲2.8% | $1,379,599▲22.4% | $11,930,463▲18.0% | $12,243,911▲18.2% | 990 |
| 2021 | $3,113,054▲2.7% | $1,127,377▲2.7% | $10,108,833▲24.4% | $10,358,508▲23.2% | 990 |
| 2020 | $3,029,830▲3.1% | $1,097,711▲15.2% | $8,123,156▲31.2% | $8,405,676▲31.4% | 990 |
| 2019 | $2,939,511▲3.4% | $953,017▼42.8% | $6,191,037▲47.2% | $6,396,372▲40.1% | 990 |
| 2018 | $2,843,857▲3.2% | $1,667,536▼13.7% | $4,204,543▲38.8% | $4,564,157▲43.8% | 990 |
| 2017 | $2,756,213▲8.6% | $1,931,216▲14.6% | $3,028,222▲37.4% | $3,173,987▼9.3% | 990 |
| 2016 | $2,538,075▲0.5% | $1,685,363▲8.2% | $2,203,225▲63.1% | $3,497,745▲13.4% | 990 |
| 2015 | $2,525,781▲2.2% | $1,558,251▲10.2% | $1,350,513▲253% | $3,084,698▼5.5% | 990 |
| 2014 | $2,470,443 | $1,413,808 | $382,983 | $3,265,161 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Frequently asked questions
- Is Mmc Residential Corp 1 Inc a legitimate nonprofit?
- Yes. Mmc Residential Corp 1 Inc is a 501(c)(2) organization registered with the U.S. Internal Revenue Service under EIN 91-1943271, based in Bronx, New York.
- What is Mmc Residential Corp 1 Inc's EIN?
- Mmc Residential Corp 1 Inc's Employer Identification Number (EIN) is 91-1943271.
- How much revenue does Mmc Residential Corp 1 Inc report?
- Mmc Residential Corp 1 Inc reported $3,400,088 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- What financial grade does Mmc Residential Corp 1 Inc have?
- CharityIndex grades Mmc Residential Corp 1 Inc C+, based on financial health (reserves and operating margin).
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Data for Mmc Residential Corp 1 Inc (EIN 91-1943271) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.