CITY UNIVERSITY CONSTRUCTION FUND

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1966

Legal Domicile

Principal Officer

MOHAMED ATTALLA

Phone

6466642635

Tax Period

2024-07-01 to 2025-06-30

CITY UNIVERSITY CONSTRUCTION FUND, founded in 1966, is a large national nonprofit in the Education sector that reported $1.5B in total revenue in fiscal year 2024. Revenue surged 21% from the prior year, signaling strong growth momentum.

Mission

THE MISSION OF CITY UNIVERSITY CONSTRUCTION FUND ("CUCF") IS TO MANAGE THE RESOURCES NECESSARY FOR THE DESIGN AND CONSTRUCTION OF SPACE REQUIRED TO SUPPORT THE EDUCATIONAL MANDATE OF THE CITY UNIVERSITY OF NEW YORK.

Program Service Accomplishments

Program 1

Expenses: $1,320,726,156 Revenue: $0

TUITION & FEES:CITY UNIVERSITY CONSTRUCTION FUND ("CUCF") RECEIVES CASH TRANSFERS FROM TUITION AND FEES COLLECTED FROM THE VARIOUS SENIOR AND COMMUNITY COLLEGES IN NEW YORK CITY, AND REMITS THE FUNDS...

Program 2

Expenses: $73,569,263 Revenue: $0

APPROPRIATIONS:THE ORGANIZATION RECEIVES APPROPRIATIONS FROM THE STATE OF NEW YORK AND THE CITY OF NEW YORK, WHICH ARE USED FOR THE REIMBURSEMENT OF OPERATING EXPENSES AND DEBT SERVICE PAYMENTS TO...

APPROPRIATIONS:THE ORGANIZATION RECEIVES APPROPRIATIONS FROM THE STATE OF NEW YORK AND THE CITY OF NEW YORK, WHICH ARE USED FOR THE REIMBURSEMENT OF OPERATING EXPENSES AND DEBT SERVICE PAYMENTS TO THE DORMITORY AUTHORITY OF NEW YORK (DASNY). DASNY HAS ISSUED BONDS, THE PROCEEDS OF WHICH ARE USED TO SUPPORT CUNY'S CAPITAL PROGRAM.

Program 3

Expenses: $110,943,000 Revenue: $0

PROJECT FUNDS:EFFECTIVE JANUARY 1, 2013, FUNDS FOR ALL CUCF MANAGED PROJECTS ARE REMITTED TO CUCF BY DASNY AND OTHER VARIOUS SOURCES, AND ARE THEN DISBURSED BY CUCF TO CONTRACTORS RESPONSIBLE FOR...

PROJECT FUNDS:EFFECTIVE JANUARY 1, 2013, FUNDS FOR ALL CUCF MANAGED PROJECTS ARE REMITTED TO CUCF BY DASNY AND OTHER VARIOUS SOURCES, AND ARE THEN DISBURSED BY CUCF TO CONTRACTORS RESPONSIBLE FOR CONSTRUCTION OF FACILITIES AT BOTH SENIOR COLLEGES AND COMMUNITY COLLEGES.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,517,891,563

Program Service Revenue $0

Investment Income $0

Other Revenue $0

TOTAL REVENUE $1,517,891,563

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,520,124,923

Other Expenses $1,520,124,923

TOTAL EXPENSES $1,520,124,923

Year-over-Year Comparison

	2024	2023	Change
Revenue	$1,517,891,563	$1,253,806,100	+0.2%
Expenses	$1,520,124,923	$1,256,638,984	+0.2%
Net Income	$-2,233,360	$-2,832,884	-0.2%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

$486,945

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
BRIAN D OBERGFELL	TRUSTEE	0.10	Director	$0	$0	$0
WILLIAM C THOMPSON	TRUSTEE	0.10	Director	$0	$0	$0
TOBY STAVISKY	TRUSTEE	0.10	Director	$0	$0	$0
ALAN VAN CAPELLE	TRUSTEE	0.10	Director	$0	$0	$0
REBECCA A SEAWRIGHT	TRUSTEE	0.10	Director	$0	$0	$0
LORRAINE GRILLO	TRUSTEE	0.10	Director	$0	$0	$0
BLAKE WASHINGTON	TRUSTEE	0.10	Director	$0	$0	$0
JENSEN M AMBACHEN	GENERAL COUNSEL	35.00	Officer	$0	$28,918	$187,012
MOHAMED ATTALLA	EXECUTIVE DIRECTOR	35.00	Officer	$0	$54,260	$299,933
DMITRIOS KATEHIS	ASSOC. VC OF DESIGN, CONST.,&MGMT UNTIL NOV. 2024	35.00	Highest	$0	$25,709	$217,444
DOMINIQUE CHOUTE	ED FINANCIAL MGMT & ADMIN.	35.00	Highest	$0	$27,645	$203,339
PEDRO SANCHEZ	ASSOCIATE DIRECTOR	35.00	Highest	$0	$38,870	$215,460
MICHAEL MARKS	ED REAL ESTATE & PLANNING UNTIL SEPT. 2024	35.00	Highest	$0	$44,632	$210,014
FERDINAND VERLEY	CAPITAL BUDGET DIRECTOR	35.00	Highest	$0	$38,055	$209,897

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
2025	$1,517,891,563	$1,520,124,923	$139,058,906	$-2,233,360
2024	No data	No data	No data	No data
2023	$1,313,013,404	$1,313,013,404	$51,957,330	No data
2022	$1,350,670,597	$1,350,670,597	$51,511,675	No data
2021	$1,533,108,604	$1,533,108,604	$55,878,016	No data
2020	$1,705,705,291	$1,705,598,904	$72,606,996	$106,387
2019	$1,691,000,890	$1,690,792,137	$64,919,358	$208,753
2018	$1,767,786,494	$1,767,682,232	$69,032,963	$104,262