Civic Builders Inc
- Assets
- $87.7m
- Revenue
- $21.8m
- Investments
- $0.0
- Employees
- 26
- Location
- New York, NY
- Founding
- 11/2002
- Data as of
- 12/2021
- 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 12/2021, Civic Builders Inc employed 26 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 12/2021, Civic Builders Inc generated $21.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 10.9% each year . All expenses for the organization totaled $8.6m during the year ending 12/2021. While expenses have increased by 3.0% per year over the past 7 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 27 individual grants totaling $2,049,651. 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
2021
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. 2021 HAS BEEN A VERY PRODUCTIVE YEAR FOR CIVIC. CIVIC ACQUIRED AND IMPROVED THE BUILDING FOR THE HYDE LEADERSHIP CHARTER SCHOOL - BROOKLYN. CIVIC CONTINUED CONSTRUCTION FOR BOTH THE ACHIEVEMENT FIRST LINDEN MIDDLE SCHOOL AND THE HARLEM CHILDREN'S ZONE PROMISE ACADEMY CHARTER SCHOOL II.
Describe the Organization's Program Activity:
Part 3 - Line 4a
IN 2021, CIVIC ACQUIRED AND IMPROVED A 28,000 SQUARE FOOT CHARTER SCHOOL BUILDING WHICH SERVES 200 CHARTER SCHOOL STUDENTS IN NEW YORK CITY.BEGINNING IN 2018, CIVIC PARTNERED WITH A FOUNDATION AND A BANK TO LAUNCH A NATIONAL LENDING PROGRAM CALLED THE FACILITIES INVESTMENT FUND. IN 2021, THE FUND COMMITTED OVER $50 MILLION DOLLARS TO 5 PROJECTS WHICH WILL SERVE 2,793 CHARTER SCHOOL STUDENTS NATIONWIDE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
David Umansky CEO | OfficerTrustee | 40 | $523,230 |
Shannon Kete COO | Officer | 40 | $276,433 |
Frank Buccola VP Accounting | 40 | $262,996 | |
Ryan Alexander SVP Corporate Development | 40 | $218,151 | |
Angela Guerrero VP Capital Solutions | 40 | $209,233 | |
Leonard Dymond VP Construction | 40 | $208,311 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
United Fund Advisors Llc Finance | 12/30/20 | $975,000 |
Lutz And Carr Cpas Llp Accountants | 12/30/20 | $113,661 |
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 | $13,458,977 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $13,458,977 |
| Total Program Service Revenue | $6,800,875 |
| Investment income | $718,259 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $299 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $21,789,241 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $31,557 |
| 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. | $1,301,046 |
| Compensation of current officers, directors, key employees. | $277,430 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,342,584 |
| Pension plan accruals and contributions | $91,103 |
| Other employee benefits | $99,777 |
| Payroll taxes | $235,022 |
| 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 | $3,260 |
| Fees for services: Other | $752,772 |
| Advertising and promotion | $27,370 |
| Office expenses | $218,747 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $2,037,015 |
| Travel | $25,713 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $636,646 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $527,345 |
| Insurance | $186,725 |
| All other expenses | $0 |
| Total functional expenses | $8,648,752 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,199,108 |
| Savings and temporary cash investments | $15,700,815 |
| Pledges and grants receivable | $956,914 |
| Accounts receivable, net | $846,493 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $19,233,100 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $199,835 |
| Net Land, buildings, and equipment | $15,092,809 |
| Investments—publicly traded securities | $18,178,005 |
| Investments—other securities | $0 |
| Investments—program-related | $13,464,254 |
| Intangible assets | $0 |
| Other assets | $844,804 |
| Total assets | $87,716,137 |
| Accounts payable and accrued expenses | $250,978 |
| Grants payable | $0 |
| Deferred revenue | $79,167 |
| 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 | $25,231,368 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,804,093 |
| Total liabilities | $27,365,606 |
| Net assets without donor restrictions | $39,648,378 |
| Net assets with donor restrictions | $20,702,153 |
| 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 | $87,716,137 |
Grants Awarded
Over the last fiscal year, Civic Builders Inc has awarded $16,557 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
New York, NY PURPOSE: OPERATING GRANT | $8,557 |
New York, NY PURPOSE: OPERATING GRANT | $8,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Civic Builders Inc has recieved totaling $50,000.
| Awarding Organization | Amount |
|---|---|
Gray Foundation Cohoes, NY PURPOSE: TO FURTHER THE EXEMPT PURPOSE OF THE ORGANIZATION. | $50,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
The Center For New York City New York, NY | $125,177,702 | $23,546,233 |
Wellspan Properties Inc York, PA | $178,389,137 | $19,225,192 |
Rebecca Residence Allison Park, PA | $63,370,668 | $20,665,205 |
The Housing Partnership Network Inc Boston, MA | $38,640,476 | $16,875,187 |
Alliance For Behavioral & Developmental Disabilities Ltd Hermitage, PA | $7,380,317 | $14,591,071 |
Building Homes For Heroes Inc Island Park, NY | $15,491,113 | $13,729,241 |
Taconic Innovations Inc Wappingers Falls, NY | $14,026,966 | $12,196,980 |
The Crenulated Company Ltd New York, NY | $9,182,171 | $10,442,755 |
Living Independently Forever Inc Hyannis, MA | $12,273,693 | $10,857,981 |
Civic Builders Inc New York, NY | $87,716,137 | $21,789,241 |
Buffalo Federation Of Neighborhood Centers Inc Buffalo, NY | $8,954,316 | $11,146,328 |
Grand Street Guild East Housing Development Fund Company Inc Garden City, NY | $32,476,672 | $9,886,793 |