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← CIVIC NEW MARKETS SUPPORT CORPORATION I

Form 990 for tax year 2022

Filed by CIVIC NEW MARKETS SUPPORT CORPORATION I.

Totals

Total revenue
$1,385,172
Total expenses
$1,169,187
Contributions and grants received
$0
Grants paid
$180,000
Program service revenue
$1,385,172
Investment income
$0
Other revenue
$0
Total assets, end of year
$13,922,790
Total liabilities, end of year
$11,332,986
Net assets or fund balances, end of year
$2,589,804
Program services expenses (Part IX)
$1,169,187
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,169,187

Program services were 100.0% 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.

  • 2a · Program service revenue: RENTAL INCOME

    total $1,385,172 · related or exempt $1,385,172

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $180,000 · program services $180,000

  • 16 · Occupancy

    total $245,692 · program services $245,692

  • 20 · Interest

    total $279,571 · program services $279,571

  • 22 · Depreciation, depletion and amortization

    total $276,953 · program services $276,953

  • 23 · Insurance

    total $23,046 · program services $23,046

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $94,003 · program services $94,003

  • 24b · Other expenses: MANAGEMENT FEES

    total $55,407 · program services $55,407

  • 24c · Other expenses: PROFESSIONAL FEES

    total $14,000 · program services $14,000

  • 24d · Other expenses: FEES & DUES

    total $275 · program services $275

  • 24e · All other expenses

    total $240 · program services $240

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $119,993 · end of year $111,553

  • 2 · Savings and temporary cash investments

    beginning of year $563,722 · end of year $333,733

  • 9 · Prepaid expenses and deferred charges

    beginning of year $833,047 · end of year $1,357,625

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

    $9,846,231

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

    $2,337,624

  • 10c · Land, buildings and equipment, net

    beginning of year $7,804,999 · end of year $7,508,607

  • 14 · Intangible assets

    beginning of year $319,529 · end of year $307,357

  • 15 · Other assets

    beginning of year $3,413,888 · end of year $4,303,915

  • 17 · Accounts payable and accrued expenses

    beginning of year $33,911 · end of year $34,843

  • 23 · Secured mortgages and notes payable

    beginning of year $7,789,494 · end of year $7,032,728

  • 25 · Other liabilities

    beginning of year $4,274,836 · end of year $4,265,415

  • 27 · Net assets without donor restrictions

    beginning of year $956,937 · end of year $2,589,804

Mission and programs · 2022

Mission

TO ASSIST NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW SCHOOL FACILITIES BY HOLDING A LEASEHOLD INTEREST IN PROPERTY WHICH WILL THEN BE DEVELOPED AS NEW CHARTER SCHOOLS.

Activities or mission (Part I)

SEE ATTACHMENT

  • THE CORPORATION WAS FORMED FOR THE PURPOSE OF ASSISTING NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW SCHOOL FACILITIES BY HOLDING A LEASEHOLD INTEREST IN PROPERTY WHICH WILL THEN BE DEVELOPED AS NEW CHARTER SCHOOLS.

    Expenses $1,169,187 · Grants $180,000 · Revenue $1,385,172

As filed on the 2022 return.

Listed in Part VII

  • David Umansky

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • Frank Buccola

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • J David Sweeny

    VICE PRESIDENT AND TREASUR

    Total calculated
    $0
    Hours/week
    1

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.

Grants on this return

  • CIVIC BUILDERS INC

    $180,000

    TO SUPPORT CIVIC BUILDERS, INC. IN ITS MISSION TO SUPPORT CHARTER SCHOOLS.

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.

  • CIVIC CONCORD AVENUE LLC

    REAL ESTATE · NY · income $1,385,172 · assets $13,918,745

    Directly controlled by CIVIC NEW MARKETS SUPPORT CORPORATION I

Provenance

Return type
form_990
Tax year
2022
Filed
12 May 2023
IRS schema version
2022v5.0
Source object
202311329349308746

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