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← CIVIC BUILDERS INC

Form 990 for tax year 2024

Filed by CIVIC BUILDERS INC.

Totals

Total revenue
$14,323,165
Total expenses
$11,961,606
Contributions and grants received
$1,460,852
Grants paid
$527,427
Program service revenue
$9,714,604
Investment income
$3,147,709
Other revenue
$0
Total assets, end of year
$114,847,127
Total liabilities, end of year
$49,340,905
Net assets or fund balances, end of year
$65,506,222
Program services expenses (Part IX)
$9,026,030
Management and general expenses
$2,436,280
Fundraising expenses
$499,296
Program service expenses (Part III)
$9,026,030

Program services were 75.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $1,460,852

  • 2a · Program service revenue: RENTAL INCOME

    total $3,661,192 · related or exempt $3,661,192

  • 2b · Program service revenue: CONSULTING INCOME

    total $2,138,459 · related or exempt $2,138,459

  • 2c · Program service revenue: LENDING SPONSOR FEES

    total $2,050,000 · related or exempt $2,050,000

  • 2d · Program service revenue: DEVELOPMENT FEES

    total $1,864,953 · related or exempt $1,864,953

  • 3 · Investment income

    total $3,147,709 · excluded $3,147,709

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $527,427 · program services $527,427

  • 5 · Compensation of officers, directors and key employees

    total $2,454,097 · program services $1,872,978 · management and general $462,152 · fundraising $118,967

  • 7 · Other salaries and wages

    total $2,242,154 · program services $1,272,096 · management and general $795,615 · fundraising $174,443

  • 8 · Pension plan contributions

    total $167,323 · program services $112,056 · management and general $44,813 · fundraising $10,454

  • 9 · Other employee benefits

    total $292,806 · program services $196,093 · management and general $78,419 · fundraising $18,294

  • 10 · Payroll taxes

    total $347,941 · program services $233,016 · management and general $93,186 · fundraising $21,739

  • 11f · Fees: investment management

    total -$51,483 · management and general -$51,483

  • 11g · Fees: other

    total $549,119 · program services $65,406 · management and general $479,527 · fundraising $4,186

  • 12 · Advertising and promotion

    total $103,592 · program services $14,004 · fundraising $89,588

  • 13 · Office expenses

    total $455,171 · program services $292,791 · management and general $135,916 · fundraising $26,464

  • 16 · Occupancy

    total $2,592,265 · program services $2,440,211 · management and general $123,292 · fundraising $28,762

  • 17 · Travel

    total $306,381 · program services $82,417 · management and general $217,565 · fundraising $6,399

  • 20 · Interest

    total $1,078,316 · program services $1,078,316

  • 22 · Depreciation, depletion and amortization

    total $555,099 · program services $527,661 · management and general $27,438

  • 23 · Insurance

    total $318,154 · program services $288,314 · management and general $29,840

  • 24a · Other expenses: NON RECOVERABLE PREDEVE

    total $254,356 · program services $254,356

  • 24b · Other expenses: LETTER OF CREDIT FEES

    total -$231,112 · program services -$231,112

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,315,454 · end of year $16,554,720

  • 2 · Savings and temporary cash investments

    beginning of year $10,898,460 · end of year $2,156,072

  • 3 · Pledges and grants receivable

    beginning of year $640,027 · end of year $28,500

  • 4 · Accounts receivable

    beginning of year $756,346 · end of year $696,288

  • 7 · Other notes and loans receivable

    beginning of year $24,749,700 · end of year $24,749,700

  • 9 · Prepaid expenses and deferred charges

    beginning of year $204,486

  • 10a · Land, buildings and equipment: cost or other basis

    $23,232,321

  • 10b · Land, buildings and equipment: accumulated depreciation

    $4,670,860

  • 10c · Land, buildings and equipment, net

    beginning of year $14,070,749 · end of year $18,561,461

  • 11 · Investments: publicly traded securities

    beginning of year $25,933,624 · end of year $23,844,313

  • 13 · Investments: program-related

    beginning of year $3,172,873 · end of year $3,172,822

  • 15 · Other assets

    beginning of year $31,433,458 · end of year $25,083,251

  • 17 · Accounts payable and accrued expenses

    beginning of year $374,522 · end of year $1,463,848

  • 19 · Deferred revenue

    beginning of year $82,230

  • 23 · Secured mortgages and notes payable

    beginning of year $25,174,571 · end of year $24,232,150

  • 25 · Other liabilities

    beginning of year $24,275,684 · end of year $23,644,907

  • 27 · Net assets without donor restrictions

    beginning of year $42,786,151 · end of year $43,933,735

  • 28 · Net assets with donor restrictions

    beginning of year $20,482,019 · end of year $21,572,487

Mission and programs · 2024

Mission

SEE SCHEDULE OCIVIC BUILDERS, INC. IS A NON-PROFIT FACILITIES DEVELOPER AND LENDER THAT PROVIDES TURN-KEY SOLUTIONS FOR CHARTER SCHOOL REAL ESTATE NEEDS. THE ORGANIZATION HELPS CREATE AN ENVIRONMENT THAT ATTRACTS NEW GOVERNMENT, PHILANTHROPIC, AND COMMERCIAL FUNDS FOR THE CREATION OF NEW CHARTER SCHOOL REAL ESTATE.

Activities or mission (Part I)

SEE SCHEDULE OCIVIC PROVIDES SCHOOL FACILITIES DEVELOPMENT SERVICES AND LOAN FUNDING FOR CHARTER SCHOOLS IN THE U.S. THESE ACTIVITIES FOCUS ON CHARTER SCHOOLS THAT PROVIDE IMMEDIATE AND MUCH NEEDED ACADEMIC OPTIONS TO SOME OF THE MOST UNDER RESOURCED COMMUNITIES IN THE COUNTRY. IN 2024 CIVIC REACHED SIGNIFICANT MILESTONES WITH TWO SUCCESSFUL SCHOOL PROJECTS INCLUDING THE CONSTRUCTION OF THE URBAN ASSEMBLY CHARTER SCHOOL FOR COMPUTER SCIENCE BUILDING IN NEW YORK AS WELL AS BEGINNING THE CONSTRUCTION OF THE MECCA BUSINESS LEARNING INSTITUTE BUILDING IN MARYLAND.

  • IN 2024, CIVIC BEGAN CONSTRUCTION ON A PROJECT THAT WILL CREATE 24,500 SQUARE FEET FOR 340 CHARTER SCHOOL STUDENTS IN MARYLAND. IN 2018, CIVIC PARTNERED WITH A FOUNDATION AND A BANK TO LAUNCH A NATIONAL CHARTER SCHOOL LENDING PROGRAM CALLED THE FACILITIES INVESTMENT FUND. IN 2024, THE FUND COMMITTED OVER $35 MILLON DOLLARS TO 10 PROJECTS WHICH WILL SERVE 6,383 CHARTER SCHOOL STUDENTS NATIONWIDE.

    Expenses $9,026,030 · Grants $527,427 · Revenue $9,714,604

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Umansky

    CEO

    Total calculated
    $559,678
    From this org
    $511,977
    From related orgs
    $0
    Other
    $47,701
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $389,477
    Bonus
    $121,000
    Other
    $1,500
    Deferred
    $13,800
    Nontaxable benefits
    $33,901
    Filer's total
    $559,678

  • Simone Brody

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • Khary Barnes

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • David Loo

    VICE CHAIR AND TREASURER

    Total calculated
    $0
    Hours/week
    1

  • Ron Beit

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Alan Sage

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Genger Charles

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keith Rand

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Vipul Tandon

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Susie Miller Carello

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kahena Joubert

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Paul Wasserman

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Sherman Whites

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Kathryn McHugh

    CHIEF LENDING & INVESTEMENT OFFICER

    Total calculated
    $307,853
    From this org
    $292,608
    From related orgs
    $0
    Other
    $15,245
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $255,339
    Bonus
    $24,158
    Other
    $13,111
    Deferred
    $11,771
    Nontaxable benefits
    $3,474
    Filer's total
    $307,853

  • Ellen McBurney

    COO

    Total calculated
    $282,902
    From this org
    $271,556
    From related orgs
    $0
    Other
    $11,346
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $219,945
    Bonus
    $38,500
    Other
    $13,111
    Deferred
    $10,864
    Nontaxable benefits
    $482
    Filer's total
    $282,902

  • Yvonne Soto

    CHIEF PEOPLE OFFICER

    Total calculated
    $279,869
    From this org
    $251,554
    From related orgs
    $0
    Other
    $28,315
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $215,954
    Bonus
    $34,100
    Other
    $1,500
    Deferred
    $10,224
    Nontaxable benefits
    $18,091
    Filer's total
    $279,869

  • Leonard Dymond

    VP CONSTRUCTION

    Total calculated
    $294,787
    From this org
    $228,729
    From related orgs
    $0
    Other
    $66,058
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $198,806
    Bonus
    $28,423
    Other
    $1,500
    Deferred
    $9,715
    Nontaxable benefits
    $56,343
    Filer's total
    $294,787

  • Katiana Anglade-Ogweuleka

    VP REAL ESTATE

    Total calculated
    $240,003
    From this org
    $222,167
    From related orgs
    $0
    Other
    $17,836
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $173,524
    Bonus
    $35,150
    Other
    $13,493
    Deferred
    $8,910
    Nontaxable benefits
    $8,926
    Filer's total
    $240,003

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • 1818 CIVIC LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $2,222,845 · assets $23,217,221

    Directly controlled by CIVIC BUILDERS INC

  • 35 W 124TH STREET LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $42 · assets $209,556

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC 732 HENRY LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · assets $177,811

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC FUND MANAGER 3 LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $806,160 · assets $434,085

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC FUND MANAGER II LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $81,900 · assets $4,448

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC FUND MANAGER LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $214,234 · assets $248,947

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC GW LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · assets $145,346

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC LAFAYETTE AVE LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · assets $4,384

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC QB LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $14,749 · assets $11,403

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC SARATOGA LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $1,520,744 · assets $13,958,170

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC ST NICHOLAS LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · assets $501,334

    Directly controlled by CIVIC BUILDERS INC

  • SV-B CIVIC LENDER LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $846,536 · assets $13,872,478

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC MD LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · MD · assets $5,058,234

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC BRONX LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · assets $100

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC BX LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · DE

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202543189349315454

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