Civic Builders Inc
- Assets
- $113.2m
- Revenue
- $12.2m
- Investments
- $0.0
- Employees
- 28
- Location
- New York, NY
- Founding
- 11/2002
- Data as of
- 12/2023
- EIN
- 04-3635313
Organization Overview
Civic Builders Inc is located in New York, NY. The organization was established in 2002. According to its NTEE Classification (L99) the organization is classified as: Housing & Shelter N.E.C., under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Civic Builders Inc employed 28 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Civic Builders Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Civic Builders Inc generated $12.2m in total revenue. This represents relatively stable growth, over the past 9 years the organization has increased revenue by an average of 1.6% each year. All expenses for the organization totaled $11.8m during the year ending 12/2023. While expenses have increased by 5.9% per year over the past 9 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2014, Civic Builders Inc has awarded 33 individual grants totaling $3,054,736. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Umansky CEO | OfficerTrustee | 39 | $510,684 |
Simone Brody Chairperson | OfficerTrustee | 1 | $0 |
Khary Barnes Secretary | OfficerTrustee | 1 | $0 |
David Loo Vice Chair And Treasurer | OfficerTrustee | 1 | $0 |
Brahm Cramer Board Member | Trustee | 1 | $0 |
Ron Beit Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Fund Advisors Llc Finance | 12/30/23 | $500,000 |
Mitchell & Titus Llp Accounting | 12/30/23 | $140,000 |
Daniel Arndt Consulting | 12/30/23 | $130,476 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,635,714 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,635,714 |
| Total Program Service Revenue | $8,067,061 |
| Investment income | $2,083,364 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $448,212 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $12,234,351 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $644,981 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,633,395 |
| Compensation of current officers, directors, key employees. | $643,375 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,077,397 |
| Pension plan accruals and contributions | $125,238 |
| Other employee benefits | $216,649 |
| Payroll taxes | $270,671 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $11,407 |
| Fees for services: Other | $1,207,540 |
| Advertising and promotion | $46,613 |
| Office expenses | $358,276 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,592,360 |
| Travel | $199,457 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,273,831 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $554,150 |
| Insurance | $267,780 |
| All other expenses | $0 |
| Total functional expenses | $11,783,094 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,315,454 |
| Savings and temporary cash investments | $10,898,460 |
| Pledges and grants receivable | $640,027 |
| Accounts receivable, net | $756,346 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $24,749,700 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $204,486 |
| Net Land, buildings, and equipment | $14,070,749 |
| Investments—publicly traded securities | $25,933,624 |
| Investments—other securities | $0 |
| Investments—program-related | $3,172,873 |
| Intangible assets | $0 |
| Other assets | $31,433,458 |
| Total assets | $113,175,177 |
| Accounts payable and accrued expenses | $374,522 |
| Grants payable | $0 |
| Deferred revenue | $82,230 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,174,571 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $24,275,684 |
| Total liabilities | $49,907,007 |
| Net assets without donor restrictions | $42,786,151 |
| Net assets with donor restrictions | $20,482,019 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $113,175,177 |
Grants Awarded
Over the last fiscal year, Civic Builders Inc has awarded $596,000 in support to 4 organizations.
| Grant Recipient | Amount |
|---|---|
CIVIC NEW MARKETS SUPPORT CORPORATION II PURPOSE: OPERATING GRANT | $50,000 |
CIVIC NEW MARKETS SUPPORT CORPORATION III PURPOSE: OPERATING GRANT | $415,000 |
CIVIC NEW MARKETS SUPPORT CORPORATION IV PURPOSE: OPERATING GRANT | $121,000 |
HARLEM CHILDREN'S ZONE INC PURPOSE: OPERATING GRANT | $10,000 |