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Nonprofiteer
← CITY UNIVERSITY CONSTRUCTION FUND

Form 990 for tax year 2024

Filed by CITY UNIVERSITY CONSTRUCTION FUND.

Totals

Total revenue
$1,517,891,563
Total expenses
$1,520,124,923
Contributions and grants received
$1,517,891,563
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$139,058,906
Total liabilities, end of year
$130,466,486
Net assets or fund balances, end of year
$8,592,420
Program services expenses (Part IX)
$1,520,124,923
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,520,124,923

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.

  • 1d · Related organizations

    $1,320,726,156

  • 1e · Government grants (contributions)

    $197,165,407

Functional expenses

Part IX, the statement of functional expenses.

  • 24a · Other expenses: REFUND OF TUITION & FEE

    total $1,320,726,156 · program services $1,320,726,156

  • 24b · Other expenses: PROJECT FUNDS PAYMENTS

    total $110,943,000 · program services $110,943,000

  • 24c · Other expenses: RENTAL PAYMENT

    total $73,569,263 · program services $73,569,263

  • 24d · Other expenses: ADMINISTRATIVE EXPENSES

    total $14,886,504 · program services $14,886,504

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $3,940,494 · end of year $6,398,495

  • 2 · Savings and temporary cash investments

    beginning of year $6,301,289 · end of year $6,573,108

  • 4 · Accounts receivable

    beginning of year $50,909,697 · end of year $126,087,201

  • 15 · Other assets

    beginning of year $0 · end of year $102

  • 17 · Accounts payable and accrued expenses

    beginning of year $878,332 · end of year $2,499,581

  • 25 · Other liabilities

    beginning of year $49,749,308 · end of year $127,966,905

  • 27 · Net assets without donor restrictions

    beginning of year $10,523,840 · end of year $8,592,420

Mission and programs · 2024

Mission

THE MISSION OF CITY UNIVERSITY CONSTRUCTION FUND ("CUCF") IS TO MANAGE THE RESOURCES NECESSARY FOR THE DESIGN AND CONSTRUCTION OF SPACE REQUIRED TO SUPPORT THE EDUCATIONAL MANDATE OF THE CITY UNIVERSITY OF NEW YORK.

Activities or mission (Part I)

MANAGE RESOURCES FOR DESIGN/CONSTR. OF SPACE REQUIRED TO SUPPORT EDUC. MANDATE OF CUNY.

  • TUITION & FEES:CITY UNIVERSITY CONSTRUCTION FUND ("CUCF") RECEIVES CASH TRANSFERS FROM TUITION AND FEES COLLECTED FROM THE VARIOUS SENIOR AND COMMUNITY COLLEGES IN NEW YORK CITY, AND REMITS THE FUNDS TO THE CITY.

    Expenses $1,320,726,156

  • APPROPRIATIONS:THE ORGANIZATION RECEIVES APPROPRIATIONS FROM THE STATE OF NEW YORK AND THE CITY OF NEW YORK, WHICH ARE USED FOR THE REIMBURSEMENT OF OPERATING EXPENSES AND DEBT SERVICE PAYMENTS TO THE DORMITORY AUTHORITY OF NEW YORK (DASNY). DASNY HAS ISSUED BONDS, THE PROCEEDS OF WHICH ARE USED TO SUPPORT CUNY'S CAPITAL PROGRAM.

    Expenses $73,569,263

  • PROJECT FUNDS:EFFECTIVE JANUARY 1, 2013, FUNDS FOR ALL CUCF MANAGED PROJECTS ARE REMITTED TO CUCF BY DASNY AND OTHER VARIOUS SOURCES, AND ARE THEN DISBURSED BY CUCF TO CONTRACTORS RESPONSIBLE FOR CONSTRUCTION OF FACILITIES AT BOTH SENIOR COLLEGES AND COMMUNITY COLLEGES.

    Expenses $110,943,000

  • THE ORGANIZATION RECEIVED APPROPRIATIONS FROM NEW YORK STATE FOR THE ADMINISTRATION OF CONSTRUCTION RELATED PROJECTS BY THE FUND.

    Expenses $14,886,504

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

Listed in Part VII

  • Brian D Obergfell

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • William C Thompson

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Toby Stavisky

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Alan Van Capelle

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Rebecca A Seawright

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Lorraine Grillo

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Blake Washington

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.1

  • Jensen M Ambachen

    GENERAL COUNSEL

    Total calculated
    $187,012
    From this org
    $0
    From related orgs
    $158,094
    Other
    $28,918
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $158,094 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $28,918 related
    Filer's total
    $0 + $187,012 related

  • Mohamed Attalla

    EXECUTIVE DIRECTOR

    Total calculated
    $299,933
    From this org
    $0
    From related orgs
    $245,673
    Other
    $54,260
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $245,673 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $22,929 related
    Nontaxable benefits
    $0 + $31,331 related
    Filer's total
    $0 + $299,933 related

  • Dmitrios Katehis

    ASSOC. VC OF DESIGN, CONST.,&MGMT UNTIL NOV. 2024

    Total calculated
    $217,444
    From this org
    $0
    From related orgs
    $191,735
    Other
    $25,709
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $191,735 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,458 related
    Nontaxable benefits
    $0 + $12,251 related
    Filer's total
    $0 + $217,444 related

  • Dominique Choute

    ED FINANCIAL MGMT & ADMIN.

    Total calculated
    $203,339
    From this org
    $0
    From related orgs
    $175,694
    Other
    $27,645
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $175,694 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,280 related
    Nontaxable benefits
    $0 + $13,365 related
    Filer's total
    $0 + $203,339 related

  • Pedro Sanchez

    ASSOCIATE DIRECTOR

    Total calculated
    $215,460
    From this org
    $0
    From related orgs
    $176,590
    Other
    $38,870
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $176,590 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $14,536 related
    Nontaxable benefits
    $0 + $24,334 related
    Filer's total
    $0 + $215,460 related

  • Michael Marks

    ED REAL ESTATE & PLANNING UNTIL SEPT. 2024

    Total calculated
    $210,014
    From this org
    $0
    From related orgs
    $165,382
    Other
    $44,632
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $165,382 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $13,749 related
    Nontaxable benefits
    $0 + $30,883 related
    Filer's total
    $0 + $210,014 related

  • Ferdinand Verley

    CAPITAL BUDGET DIRECTOR

    Total calculated
    $209,897
    From this org
    $0
    From related orgs
    $171,842
    Other
    $38,055
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $0 + $171,842 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $38,055 related
    Filer's total
    $0 + $209,897 related

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

None.

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

The filer's explanations (Part III)

FORM 990, PART VII, SECTION A, LINE 5
THE INDIVIDUALS LISTED ON FORM 990, PART VII, SECTION A RECEIVED OR ACCRUED COMPENSATION FROM UNRELATED ORGANIZATION FOR SERVICES PERFORMED FOR THE REPORTING ORGANIZATION. REPORTED ON FORM 990, PART VII, COLUMN (D) ARE THE INDIVIDUALS' FORM W-2 COMPENSATION. THE INDIVIDUALS WHO RECEIVED REPORTABLE COMPENSATION FROM THE CITY UNIVERSITY OF NEW YORK OR THE RESEARCH FOUNDATION OF CUNY ARE: MOHAMED ATTALLA EXECUTIVE DIRECTOR $245,673 PAID BY THE CITY UNIVERSITY OF NEW YORK JENSEN M. AMBACHEN GENERAL COUNSEL $158,094 PAID BY THE CITY UNIVERSITY OF NEW YORK DMITRIOS KATEHIS ASSOC. VICE CHANCELLOR OF DESIGN, CONST. & MGMT UNTIL NOVEMBER 2024 $191,735 PAID BY THE CITY UNIVERSITY OF NEW YORK FERDINAND VERLEY CAPITAL BUDGET DIRECTOR $171,842 PAID BY THE CITY UNIVERSITY OF NEW YORK DOMINIQUE CHOUTE ED FINANCIAL MANAGEMENT & ADMINISTRATION $175,694 PAID BY THE RESEARCH FOUNDATION OF CUNY PEDRO SANCHEZ ASSOCIATE DIRECTOR $176,590 PAID BY THE RESEARCH FOUNDATION OF CUNY MICHAEL MARKS ED REAL ESTATE AND PLANNING UNTIL SEPTEMBER 2024 $165,382 PAID BY THE RESEARCH FOUNDATION OF CUNY

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

No itemized grants to organizations 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.

  • CITY UNIVERSITY OF NEW YORK

    EDUCATION · NY

Provenance

Return type
form_990
Tax year
2024
Filed
15 May 2026
IRS schema version
2024v5.5
Source object
202611359349308251

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