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Nonprofiteer
← CIVIC BUILDERS INC

Form 990 for tax year 2023

Filed by CIVIC BUILDERS INC.

Totals

Total revenue
$12,234,351
Total expenses
$11,783,094
Contributions and grants received
$1,635,714
Grants paid
$644,981
Program service revenue
$8,067,061
Investment income
$2,083,364
Other revenue
$448,212
Total assets, end of year
$113,175,177
Total liabilities, end of year
$49,907,007
Net assets or fund balances, end of year
$63,268,170
Program services expenses (Part IX)
$9,304,604
Management and general expenses
$1,959,318
Fundraising expenses
$519,172
Program service expenses (Part III)
$9,304,604

Program services were 79.0% 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.

  • 1f · All other contributions, gifts and grants

    $1,635,714

  • 2a · Program service revenue: RENTAL INCOME

    total $3,661,191 · related or exempt $3,661,191

  • 2b · Program service revenue: CONSULTING INCOME

    total $2,990,870 · related or exempt $2,990,870

  • 2c · Program service revenue: LENDING SPONSOR FEES

    total $1,325,000 · related or exempt $1,325,000

  • 2d · Program service revenue: DEVELOPMENT FEES

    total $90,000 · related or exempt $90,000

  • 3 · Investment income

    total $2,083,364 · excluded $2,083,364

  • 8a · Fundraising events: gross income

    $560,868

  • 8b · Fundraising events: direct expenses

    $112,656

  • 8c · Net income from fundraising events

    total $448,212 · excluded $448,212

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $644,981 · program services $644,981

  • 5 · Compensation of officers, directors and key employees

    total $1,633,395 · program services $817,495 · management and general $643,375 · fundraising $172,525

  • 7 · Other salaries and wages

    total $2,077,397 · program services $1,583,333 · management and general $309,166 · fundraising $184,898

  • 8 · Pension plan contributions

    total $125,238 · program services $81,027 · management and general $32,148 · fundraising $12,063

  • 9 · Other employee benefits

    total $216,649 · program services $140,169 · management and general $55,612 · fundraising $20,868

  • 10 · Payroll taxes

    total $270,671 · program services $175,119 · management and general $69,481 · fundraising $26,071

  • 11f · Fees: investment management

    total $11,407 · management and general $11,407

  • 11g · Fees: other

    total $1,207,540 · program services $766,327 · management and general $441,213

  • 12 · Advertising and promotion

    total $46,613 · program services $15,108 · fundraising $31,505

  • 13 · Office expenses

    total $358,276 · program services $233,240 · management and general $100,591 · fundraising $24,445

  • 16 · Occupancy

    total $2,592,360 · program services $2,420,850 · management and general $124,713 · fundraising $46,797

  • 17 · Travel

    total $199,457 · program services $88,042 · management and general $111,415

  • 20 · Interest

    total $1,273,831 · program services $1,273,831

  • 22 · Depreciation, depletion and amortization

    total $554,150 · program services $526,619 · management and general $27,531

  • 23 · Insurance

    total $267,780 · program services $235,114 · management and general $32,666

  • 24a · Other expenses: NON RECOVERABLE PREDEVE

    total $279,777 · program services $279,777

  • 24b · Other expenses: LETTER OF CREDIT FEES

    total $23,572 · program services $23,572

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,172,090 · end of year $1,315,454

  • 2 · Savings and temporary cash investments

    beginning of year $4,416,261 · end of year $10,898,460

  • 3 · Pledges and grants receivable

    beginning of year $1,322,280 · end of year $640,027

  • 4 · Accounts receivable

    beginning of year $1,108,331 · end of year $756,346

  • 7 · Other notes and loans receivable

    beginning of year $23,921,543 · end of year $24,749,700

  • 9 · Prepaid expenses and deferred charges

    beginning of year $204,486 · end of year $204,486

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

    $18,186,509

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

    $4,115,760

  • 10c · Land, buildings and equipment, net

    beginning of year $21,694,635 · end of year $14,070,749

  • 11 · Investments: publicly traded securities

    beginning of year $24,386,651 · end of year $25,933,624

  • 13 · Investments: program-related

    beginning of year $6,955,305 · end of year $3,172,873

  • 15 · Other assets

    beginning of year $25,496,973 · end of year $31,433,458

  • 17 · Accounts payable and accrued expenses

    beginning of year $642,285 · end of year $374,522

  • 19 · Deferred revenue

    end of year $82,230

  • 23 · Secured mortgages and notes payable

    beginning of year $29,854,765 · end of year $25,174,571

  • 25 · Other liabilities

    beginning of year $24,939,642 · end of year $24,275,684

  • 27 · Net assets without donor restrictions

    beginning of year $42,106,133 · end of year $42,786,151

  • 28 · Net assets with donor restrictions

    beginning of year $20,135,730 · end of year $20,482,019

Mission and programs · 2023

Mission

CIVIC 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)

SINCE 2002, CIVIC BUILDERS, INC. (CIVIC) HAS WORKED TO OVERCOME THE MAJOR (CONTINUED ON SCHEDULE O) HURDLE OF AFFORDABLE, LONG TERM FACILITY REAL ESTATE SOLUTIONS FOR CHARTER SCHOOLS. CIVIC BUILDS AND LENDS TO CHARTER SCHOOLS WHICH PROVIDE IMMEDIATE AND MUCH NEEDED ACADEMIC OPTIONS IN SOME OF THE POOREST NEIGHBORHOODS. 2023 HAS BEEN A PRODUCTIVE YEAR FOR CIVIC. CIVIC COMPLETED CONSTRUCTION OF THE ACHIEVEMENT FIRST LINDEN MIDDLE SCHOOL BUILDING. CIVIC ALSO BEGAN CONSTRUCTION OF THE URBAN ASSEMBLY CHARTER SCHOOL FOR COMPUTER SCIENCE BUILDING.

  • IN 2023, CIVIC BEGAN CONSTRUCTION ON A PROJECT THAT WILL CREATE 46,000 SQUARE FEET FOR 505 CHARTER SCHOOL STUDENTS IN NEW YORK CITY.IN 2018, CIVIC PARTNERED WITH A FOUNDATION AND A BANK TO LAUNCH A NATIONAL CHARTER SCHOOL LENDING PROGRAM CALLED THE FACILITIES INVESTMENT FUND. IN 2023, THE FUND COMMITTED $14 MILLION DOLLARS TO A PROJECT WHICH WILL SERVE 970 CHARTER SCHOOL STUDENTS IN NEW YORK.

    Expenses $9,304,604 · Grants $644,981 · Revenue $8,067,061

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • David Umansky

    CEO

    Total calculated
    $555,342
    From this org
    $510,684
    From related orgs
    $0
    Other
    $44,658
    Hours/week
    39 + 1 related

    Schedule J breakdown matched by us

    Base
    $390,184
    Bonus
    $120,000
    Other
    $500
    Deferred
    $13,200
    Nontaxable benefits
    $31,458
    Filer's total
    $555,342

  • 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

  • Brahm Cramer

    BOARD MEMBER

    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

  • J David Sweeny

    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

  • Eben Ellertson

    DIRECTOR THRU DEC 2023

    Total calculated
    $0
    Hours/week
    1

  • Ellen McBurney

    VP STRATEGY & DEVELOPMENT

    Total calculated
    $246,467
    From this org
    $236,421
    From related orgs
    $0
    Other
    $10,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $194,922
    Bonus
    $30,000
    Other
    $11,499
    Deferred
    $9,460
    Nontaxable benefits
    $586
    Filer's total
    $246,467

  • Yvonne Soto

    VP TALENT

    Total calculated
    $252,703
    From this org
    $226,748
    From related orgs
    $0
    Other
    $25,955
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $196,248
    Bonus
    $30,000
    Other
    $500
    Deferred
    $9,220
    Nontaxable benefits
    $16,735
    Filer's total
    $252,703

  • Leonard Dymond

    VP CONSTRUCTION

    Total calculated
    $279,210
    From this org
    $215,900
    From related orgs
    $0
    Other
    $63,310
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $191,535
    Bonus
    $21,000
    Other
    $3,365
    Deferred
    $9,230
    Nontaxable benefits
    $54,080
    Filer's total
    $279,210

  • Frank Buccola

    VP ACCOUNTING

    Total calculated
    $250,301
    From this org
    $237,201
    From related orgs
    $0
    Other
    $13,100
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $207,635
    Bonus
    $21,078
    Other
    $8,488
    Deferred
    $9,614
    Nontaxable benefits
    $3,486
    Filer's total
    $250,301

  • Barbara Acenowr

    HEAD OF PORTFOLIO MANAGEMENT

    Total calculated
    $182,690
    From this org
    $174,967
    From related orgs
    $0
    Other
    $7,723
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $167,579
    Bonus
    $0
    Other
    $7,388
    Deferred
    $6,523
    Nontaxable benefits
    $1,200
    Filer's total
    $182,690

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 $24,019,424

    Directly controlled by CIVIC BUILDERS INC

  • 35 W 124TH STREET LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $0 · assets $300,198

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC 732 HENRY LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $0 · assets $156,667

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC ST NICHOLAS LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $0 · assets $443,250

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC LAFAYETTE AVE LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $0 · assets $6,133

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC GW LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $0 · assets $121,962

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC FUND MANAGER LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $159,135 · assets $39,746

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC FUND MANAGER II LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $228,118 · assets $62,548

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC FUND MANAGER 3 LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $1,739,611 · assets $21,761

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC QB LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $34,268 · assets $46,654

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC SARATOGA LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $1,242,036 · assets $13,800,651

    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 $13,998,153

    Directly controlled by CIVIC BUILDERS INC

  • CIVIC GO INVESTMENT FUND LLC

    TO FURTHER THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC. · NY · income $68,262 · assets $0

    Directly controlled by CIVIC BUILDERS INC

Provenance

Return type
form_990
Tax year
2023
Filed
20 September 2024
IRS schema version
2023v5.1
Source object
202402649349301200

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