CIVIC 411 WALES CORPORATION (EIN 822312084) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2017

Legal Domicile

Principal Officer

DAVID UMANSKY

Phone

2125717260

Tax Period

2023-01-01 to 2023-12-31

CIVIC 411 WALES CORPORATION, founded in 2017, is a community nonprofit in the Housing & Shelter sector that reported $3.3M in total revenue in fiscal year 2023. Revenue decreased 14% compared to the prior year.

Mission

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, RENOVATE, AND SUBLEASE A CHARTER SCHOOL BUILDING LOCATED AT 411 WALES AVENUE, BRONX, NY. RENOVATION WAS COMPLETED AND THE CHARTER SCHOOL SUBTENANTS TOOK OCCUPANCY IN AUGUST 2019.

🔒

Trantor Score

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

Sign in to view Trantor Score and financial metrics

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

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $3,291,344

Investment Income $17,489

Other Revenue $0

TOTAL REVENUE $3,308,833

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $3,570,563

Other Expenses $3,624,499

TOTAL EXPENSES $3,624,499

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,308,833	$3,863,572	-0.1%
Expenses	$3,624,499	$3,556,309	+0.0%
Net Income	$-315,666	$307,263	-2.0%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✗ Schedule B Required

🔒

Financial Health Indicators

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

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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

$555,342

Total Directors

$555,342

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID UMANSKY	PRESIDENT	1.00	Officer Director	$0	$44,658	$555,342
BRAHM CRAMER	DIRECTOR	1.00	Director	$0	$0	$0
DAVID LOO	VICE CHAIR & TREASURER	1.00	Officer Director	$0	$0	$0
ALAN SAGE	DIRECTOR	1.00	Director	$0	$0	$0
KHARY BARNES	SECRETARY	1.00	Officer Director	$0	$0	$0
RON BEIT	DIRECTOR	1.00	Director	$0	$0	$0
SIMONE BRODY	CHAIRPERSON	1.00	Officer Director	$0	$0	$0
GENGER CHARLES	DIRECTOR	1.00	Director	$0	$0	$0
KEITH RAND	DIRECTOR	1.00	Director	$0	$0	$0
SUSIE MILLER CARELLO	DIRECTOR	1.00	Director	$0	$0	$0
J DAVID SWEENY	DIRECTOR	1.00	Director	$0	$0	$0
VIPUL TANDON	DIRECTOR	1.00	Director	$0	$0	$0
EBEN ELLERTSON	DIRECTOR THRU DEC 2023	1.00	Director	$0	$0	$0

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	$3,308,833	$3,624,499	$42,985,226	$-315,666
2022	$3,863,572	$3,556,309	$43,286,661	$307,263
2021	$2,217,496	$3,111,317	$26,531,342	$-893,821
2020	$2,119,508	$3,065,479	$27,495,763	$-945,971
2019	$895,198	$1,238,147	$27,834,988	$-342,949
2018	$51,428	$32,422	$29,466,170	$19,006

CIVIC 411 WALES CORPORATION