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Nonprofiteer
← CIVIC CONCOURSE VILLAGE CORPORATION

Form 990 for tax year 2023

Filed by CIVIC CONCOURSE VILLAGE CORPORATION.

Totals

Total revenue
$1,407,618
Total expenses
$1,178,700
Contributions and grants received
$0
Grants paid
$263,951
Program service revenue
$1,104,483
Investment income
$303,135
Other revenue
$0
Total assets, end of year
$23,451
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$23,451
Program services expenses (Part IX)
$1,155,047
Management and general expenses
$23,653
Fundraising expenses
$0
Program service expenses (Part III)
$1,155,047

Program services were 98.0% 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 $1,104,483 · related or exempt $1,104,483

  • 3 · Investment income

    total $1,935 · related or exempt $1,935

  • 7a · Gross sales of assets other than inventory

    securities $465,000 · other assets $26,623,828

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $26,787,628

  • 7c · Gain or loss

    securities $465,000 · other assets -$163,800

  • 7d · Net gain or loss

    total $301,200 · related or exempt $301,200

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $263,951 · program services $263,951

  • 11b · Fees: legal

    total $3,153 · program services $3,153

  • 11c · Fees: accounting

    total $20,000 · management and general $20,000

  • 16 · Occupancy

    total $289,635 · program services $289,635

  • 20 · Interest

    total $377,348 · program services $377,348

  • 22 · Depreciation, depletion and amortization

    total $215,437 · program services $215,437

  • 23 · Insurance

    total $5,523 · program services $5,523

  • 24e · All other expenses

    total $3,653 · management and general $3,653

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $346,476 · end of year $23,451

  • 2 · Savings and temporary cash investments

    beginning of year $550,058

  • 4 · Accounts receivable

    beginning of year $22,671

  • 9 · Prepaid expenses and deferred charges

    beginning of year $17,171

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

    $0

  • 10c · Land, buildings and equipment, net

    beginning of year $36,804,399

  • 11 · Investments: publicly traded securities

    beginning of year $474,283

  • 15 · Other assets

    beginning of year $1,966,782 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $64,947

  • 23 · Secured mortgages and notes payable

    beginning of year $21,920,115

  • 25 · Other liabilities

    beginning of year $12,566,094 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $5,630,684 · end of year $23,451

Mission and programs · 2023

Mission

THE CORPORATION WAS FORMED AS A 501(C)(3) ORGANIZATION FOR THE PURPOSE OF FURTHERING THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC., A 501(C)(3) ORGANIZATION THAT PROVIDES TURN-KEY SOLUTIONS FOR CHARTER SCHOOL REAL ESTATE NEEDS. SPECIFICALLY, THIS CORPORATION WAS FORMED TO SECURE FINANCING, MAKE AN INVESTMENT, LEASE, CONSTRUCT, AND SUBLEASE A CHARTER SCHOOL BUILDING LOCATED AT 757 CONCOURSE VILLAGE WEST, BRONX, NY. CONSTRUCTION WAS COMPLETED AND THE CHARTER SCHOOL SUBTENANT TOOK OCCUPANCY IN 2020. IN 2023 THE CORPORATION SOLD ITS LEASEHOLD INTEREST TO THE CHARTER SCHOOL SUBTENANT AND THE SUBLEASE WAS TERMINATED.

  • PROVIDE TURN-KEY REAL ESTATE SOLUTIONS FOR CHARTER SCHOOLSEXPENSES WERE INCURRED IN CONNECTION WITH CONSTRUCTING, FINANCING, LEASING, SUBLEASING, AND ASSIGNING THE LEASE OF A CHARTER SCHOOL BUILDING LOCATED AT 757 CONCOURSE VILLAGE WEST, BRONX, NY WHICH IS OCCUPIED BY THE SOUTH BRONX CLASSICAL CHARTER SCHOOL.

    Expenses $1,155,047 · Grants $263,951 · Revenue $1,106,418

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

    PRESIDENT

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

    Schedule J breakdown matched by us

    Base
    $0 + $390,684 related
    Bonus
    $0 + $120,000 related
    Other
    $0
    Deferred
    $0 + $13,200 related
    Nontaxable benefits
    $0 + $31,458 related
    Filer's total
    $0 + $555,342 related

  • BRAHM CRAMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • DAVID LOO

    VICE-CHAIR & TREASURER

    Total calculated
    $0
    Hours/week
    1

  • KHARY BARNES

    SECRETARY

    Total calculated
    $0
    Hours/week
    1

  • RON BEIT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SIMONE BRODY

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • GENGER CHARLES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • SUSIE MILLER CARELLO

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • J DAVID SWEENY

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • VIPUL TANDON

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KEITH RAND

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ALAN SAGE

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • EBEN ELLERTSON

    DIRECTOR THRU DEC 2023

    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. 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

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.

Assets distributed on this return

Schedule N, as filed: what the organization did with its assets when it liquidated or dissolved, or disposed of more than a quarter of them, and who received them. A recipient with an EIN is usually a successor organization; filers also list expenses such as legal fees here.

Provenance

Return type
form_990
Tax year
2023
Filed
20 September 2024
IRS schema version
2023v5.1
Source object
202402649349301000

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