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Nonprofiteer
← CITY UNIVERSITY CONSTRUCTION FUND

Form 990 for tax year 2022

Filed by CITY UNIVERSITY CONSTRUCTION FUND.

Totals

Total revenue
$1,313,013,404
Total expenses
$1,313,013,404
Contributions and grants received
$1,313,013,404
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$51,957,330
Total liabilities, end of year
$38,925,150
Net assets or fund balances, end of year
$13,032,180
Program services expenses (Part IX)
$1,313,013,404
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$1,313,013,404

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

    $1,207,088,359

  • 1e · Government grants (contributions)

    $105,925,045

Functional expenses

Part IX, the statement of functional expenses.

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

    total $1,207,088,359 · program services $1,207,088,359

  • 24b · Other expenses: RENTAL PAYMENT

    total $64,120,166 · program services $64,120,166

  • 24c · Other expenses: PROJECT FUNDS PAYMENTS

    total $27,446,505 · program services $27,446,505

  • 24d · Other expenses: ADMINISTRATIVE EXPENSES

    total $14,358,374 · program services $14,358,374

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,314,426 · end of year $8,711,289

  • 2 · Savings and temporary cash investments

    beginning of year $5,777,804 · end of year $5,946,725

  • 4 · Accounts receivable

    beginning of year $38,415,334 · end of year $37,299,316

  • 15 · Other assets

    beginning of year $4,111 · end of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $505,247 · end of year $615,615

  • 25 · Other liabilities

    beginning of year $38,148,335 · end of year $38,309,535

  • 27 · Net assets without donor restrictions

    beginning of year $12,858,093 · end of year $13,032,180

Mission and programs · 2022

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 $1,207,088,359

  • 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 $64,120,166

  • 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 $27,446,505

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

    Expenses $14,358,374

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Philip A Berry

    ACTING CHAIRPERSON-THRU DEC. 2022

    Total calculated
    $0
    Hours/week
    0.1

  • Robert F Mujica

    TRUSTEE-THRU DEC. 2022

    Total calculated
    $0
    Hours/week
    0.1

  • 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 - STARTED JAN. 2023

    Total calculated
    $0
    Hours/week
    0.1

  • Scott Burrell

    GENERAL COUNSEL-THRU SEPT. 2023

    Total calculated
    $254,940
    From this org
    $221,405
    From related orgs
    $0
    Other
    $33,535
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $221,084
    Bonus
    $0
    Other
    $321
    Deferred
    $0
    Nontaxable benefits
    $33,535
    Filer's total
    $254,940

  • Mohamed Attalla

    EXECUTIVE DIRECTOR

    Total calculated
    $317,836
    From this org
    $283,993
    From related orgs
    $0
    Other
    $33,843
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $275,556
    Bonus
    $0
    Other
    $8,437
    Deferred
    $0
    Nontaxable benefits
    $33,843
    Filer's total
    $317,836

  • Alireza Vedavez

    DEPUTY EXE. DIRECTOR-THRU AUG. 2023

    Total calculated
    $232,511
    From this org
    $201,965
    From related orgs
    $0
    Other
    $30,546
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $197,487
    Bonus
    $0
    Other
    $4,478
    Deferred
    $0
    Nontaxable benefits
    $30,546
    Filer's total
    $232,511

  • Vincent Green

    DIR. OF VENDOR INTEG-THRU AUG. 2023

    Total calculated
    $180,526
    From this org
    $164,115
    From related orgs
    $0
    Other
    $16,411
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $164,115
    Bonus
    $0
    Other
    $0
    Deferred
    $16,411
    Nontaxable benefits
    $0
    Filer's total
    $180,526

  • Shibu Mammen

    DEPUTY EXE. DIRECTOR-THRU AUG. 2023

    Total calculated
    $196,261
    From this org
    $165,715
    From related orgs
    $0
    Other
    $30,546
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $162,040
    Bonus
    $0
    Other
    $3,675
    Deferred
    $0
    Nontaxable benefits
    $30,546
    Filer's total
    $196,261

  • Ferdinand Verley

    CAPITAL BUDGET DIRECTOR

    Total calculated
    $192,646
    From this org
    $162,236
    From related orgs
    $0
    Other
    $30,410
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $154,798
    Bonus
    $0
    Other
    $7,438
    Deferred
    $0
    Nontaxable benefits
    $30,410
    Filer's total
    $192,646

  • Kay Xanthakos

    ASST. DIRECTOR-THRU APRIL 2023

    Total calculated
    $199,979
    From this org
    $150,061
    From related orgs
    $0
    Other
    $49,918
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $146,062
    Bonus
    $0
    Other
    $3,999
    Deferred
    $0
    Nontaxable benefits
    $49,918
    Filer's total
    $199,979

  • Clifford Resnick

    DIR. OF SPACE PLAN.-THRU JAN. 2023

    Total calculated
    $161,440
    From this org
    $145,966
    From related orgs
    $0
    Other
    $15,474
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $145,966
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $15,474
    Filer's total
    $161,440

  • Gwen Perlman

    CAPITAL BUDGET DIR-THRU JUNE 2022

    Total calculated
    $261,913
    From this org
    $210,213
    From related orgs
    $0
    Other
    $51,700
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $170,727
    Bonus
    $0
    Other
    $39,486
    Deferred
    $0
    Nontaxable benefits
    $51,700
    Filer's total
    $261,913

  • Gustavo Ordonez

    CHIEF OF STAFF-THRU JUNE 2022

    Total calculated
    $142,433
    From this org
    $124,482
    From related orgs
    $0
    Other
    $17,951
    Hours/week
    35

    Schedule J breakdown matched by us

    Base
    $124,482
    Bonus
    $0
    Other
    $0
    Deferred
    $10,091
    Nontaxable benefits
    $7,860
    Filer's total
    $142,433

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 IN 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: SCOTT BURRELL GENERAL COUNSEL - THRU SEPT. 2023 $221,405. PAID BY THE CITY UNIVERSITY OF NEW YORK MOHAMED ATTALLA EXECUTIVE DIRECTOR $283,993. PAID BY THE CITY UNIVERSITY OF NEW YORK GWEN PERLMAN DIRECTOR OF CAPITAL BUDGET - THRU JUNE 2022 $210,213. PAID BY THE CITY UNIVERSITY OF NEW YORK ALIREZA VEDAVEZ DEPUTY EXECUTIVE DIRECTOR - THRU AUG. 2023 $201,965. PAID BY THE CITY UNIVERSITY OF NEW YORK FERDINAND VERLEY CAPITAL BUDGET DIRECTOR $162,236. PAID BY THE CITY UNIVERSITY OF NEW YORK VINCENT GREEN DIRECTOR OF VENDOR INTEGRITY - THRU AUG. 2023 $164,115. PAID BY THE RESEARCH FOUNDATION OF CUNY SHIBU MAMMEN DEPUTY EXECUTIVE DIRECTOR - THRU AUG. 2023 $165,715. PAID BY THE CITY UNIVERSITY OF NEW YORK KAY XANTHAKOS ASSISTANT DIRECTOR - THRU APRIL 2023 $150,061. PAID BY THE CITY UNIVERSITY OF NEW YORK CLIFFORD RESNICK DIRECTOR OF SPACE PLANNING - THRU JAN. 2023 $145,966. PAID BY THE RESEARCH FOUNDATION OF CUNY GUSTAVO ORDONEZ CHIEF OF STAFF - THRU JUNE 2022 $142,432. 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
2022
Filed
16 February 2024
IRS schema version
2022v5.0
Source object
202430479349300643

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