CIVIC BUILDERS INC

EIN: 043635313 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$12,234,351
Total Expenses
$11,783,094
Total Assets
$113,175,177
Net Assets
$63,268,170
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2002
Legal Domicile
NY
Principal Officer
DAVID UMANSKY
Phone
2125717260
Tax Period
2023-01-01 to 2023-12-31

CIVIC BUILDERS INC, founded in 2002, is a mid-sized nonprofit in the Housing & Shelter sector that reported $12.2M in total revenue in fiscal year 2023. Revenue grew 16% year-over-year, indicating healthy expansion. Expenses of $11.8M left a modest 4% surplus.

Mission

CIVIC BUILDERS, INC. IS A NON-PROFIT FACILITIES DEVELOPER AND LENDER THAT PROVIDES TURN-KEY SOLUTIONS FOR CHARTER SCHOOL REAL ESTATE NEEDS. THE ORGANIZATION HELPS CREATE AN ENVIRONMENT THAT ATTRACTS NEW GOVERNMENT, PHILANTHROPIC, AND COMMERCIAL FUNDS FOR THE CREATION OF NEW CHARTER SCHOOL REAL ESTATE.

Program Service Accomplishments

Program 1
Expenses: $9,304,604 Revenue: $8,067,061

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...

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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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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $1,635,714
Program Service Revenue $8,067,061
Investment Income $2,083,364
Other Revenue $448,212
TOTAL REVENUE $12,234,351

Expense Breakdown

Grants Paid $644,981
Salaries & Benefits $4,323,350
Fundraising Expenses $519,172
Program Expenses $9,304,604
Other Expenses $6,814,763
TOTAL EXPENSES $11,783,094

Year-over-Year Comparison

2023 2022 Change
Revenue $12,234,351 $10,569,482 +0.2%
Expenses $11,783,094 $10,146,727 +0.2%
Net Income $451,257 $422,755 +0.1%
Key Indicators
✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

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Liquidity & Cash Position

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Governance

Voting Members
12
Independent Members
11
Employees
28
Volunteers
11

Governance Policies

✓ Conflict of Interest Policy
✓ Whistleblower Policy
✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$555,342
Total Directors
13
$555,342
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID UMANSKY CEO 39.00
Officer Director
$510,684 $44,658 $555,342
SIMONE BRODY CHAIRPERSON 1.00
Officer Director
$0 $0 $0
KHARY BARNES SECRETARY 1.00
Officer Director
$0 $0 $0
DAVID LOO VICE CHAIR AND TREASURER 1.00
Officer Director
$0 $0 $0
BRAHM CRAMER BOARD MEMBER 1.00
Director
$0 $0 $0
RON BEIT BOARD MEMBER 1.00
Director
$0 $0 $0
ALAN SAGE BOARD MEMBER 1.00
Director
$0 $0 $0
GENGER CHARLES BOARD MEMBER 1.00
Director
$0 $0 $0
KEITH RAND BOARD MEMBER 1.00
Director
$0 $0 $0
J DAVID SWEENY BOARD MEMBER 1.00
Director
$0 $0 $0
VIPUL TANDON BOARD MEMBER 1.00
Director
$0 $0 $0
SUSIE MILLER CARELLO BOARD MEMBER 1.00
Director
$0 $0 $0
EBEN ELLERTSON DIRECTOR THRU DEC 2023 1.00
Director
$0 $0 $0
ELLEN MCBURNEY VP STRATEGY & DEVELOPMENT 40.00
Highest
$236,421 $10,046 $246,467
YVONNE SOTO VP TALENT 40.00
Highest
$226,748 $25,955 $252,703
LEONARD DYMOND VP CONSTRUCTION 40.00
Highest
$215,900 $63,310 $279,210
FRANK BUCCOLA VP ACCOUNTING 40.00
Highest
$237,201 $13,100 $250,301
BARBARA ACENOWR HEAD OF PORTFOLIO MANAGEMENT 40.00
Highest
$174,967 $7,723 $182,690
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $12,234,351 $11,783,094 $113,175,177 $451,257
2022 $10,569,482 $10,146,727 $117,678,555 $422,755
2021 $21,789,241 $8,648,752 $87,716,137 $13,140,489
2020 $9,431,051 $8,399,401 $58,441,196 $1,031,650
2019 $9,679,234 $8,658,393 $52,014,527 $1,020,841
2018 $7,905,032 $6,844,759 $57,408,920 $1,060,273
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