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

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.

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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

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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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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