Civic Concourse Village Corporation
- Assets
- $28.2m
- Revenue
- $2.3m
- Investments
- $0.0
- Employees
- 0
- Location
- New York, NY
- Founding
- Data as of
- 12/2021
- EIN
- 82-4020174
Organization Overview
Civic Concourse Village Corporation is located in New York, NY. According to its NTEE Classification (S11) the organization is classified as: Single Organization Support, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Civic Concourse Village Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROVIDE TURN-KEY REAL ESTATE SOLUTIONS FOR CHARTER SCHOOLSEXPENSES WERE INCURRED IN CONNECTION WITH CONSTRUCTING, FINANCING, LEASING, AND SUBLEASING A CHARTER SCHOOL BUILDING LOCATED AT 757 CONCOURSE VILLAGE WEST, BRONX, NY WHICH IS OCCUPIED BY THE SOUTH BRONX CLASSICAL CHARTER SCHOOL.
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PDF Copies of 990 Filings
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Loo Vice-Chair & Treasurer | OfficerTrustee | 1 | $0 |
Brahm Cramer Chairman | OfficerTrustee | 1 | $0 |
Eben Ellertson Secretary | OfficerTrustee | 1 | $0 |
David Umansky President | OfficerTrustee | 1 | $0 |
Khary Barnes Director | Trustee | 1 | $0 |
Simone Brody Director | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kss Architects Llp Architect | 12/30/20 | $292,331 |
Jill Tucker Nursing Services Llc On-site Nursing Safety | 12/30/20 | $126,880 |
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 | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $2,331,747 |
| Investment income | $286 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,332,033 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,683 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $491,743 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,284,522 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $703,084 |
| Insurance | $13,252 |
| All other expenses | $2,058 |
| Total functional expenses | $2,508,342 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $556,348 |
| Savings and temporary cash investments | $30,173 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,772 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $28,227 |
| Net Land, buildings, and equipment | $26,438,323 |
| Investments—publicly traded securities | $976,599 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $160,317 |
| Total assets | $28,206,759 |
| Accounts payable and accrued expenses | $62,385 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $22,271,734 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,595,969 |
| Total liabilities | $23,930,088 |
| Net assets without donor restrictions | $4,276,671 |
| Net assets with donor restrictions | $0 |
| 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 | $28,206,759 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Spiritrust Lutheran Life Chambersburg, PA | $3,486,716 | $9,493,796 |
Ridc Southwestern Pennsylvania Growth Fund Pittsburgh, PA | $94,671,467 | $5,640,315 |
Project Management Institute Educational Foundation Newtown Square, PA | $4,756,055 | $4,802,761 |
People For People Community Development Corporation Philadelphia, PA | $6,238,407 | $1,301,156 |
Civic Concourse Village Corporation New York, NY | $28,206,759 | $2,332,033 |
Ridc Mill 19a Pittsburgh, PA | $29,613,197 | $2,172,080 |
Boston Impact Initiative Fund Jamaica Plain, MA | $9,324,957 | $1,483,915 |
Circulo Real Property Holding Corporation Garden City, NY | $14,540,047 | $1,206,514 |
Bartlett Place Land Inc Roxbury, MA | $22,793,078 | $357,748 |
Downtown Committee Of Syracuse Inc Syracuse, NY | $1,105,419 | $1,527,939 |
Greater Philadelphia Chamber Of Commerce Regional Foundation Philadelphia, PA | $2,959,900 | $790,202 |
Suburban Development Council Inc Collegeville, PA | $9,609,531 | $227,497 |