CIVIC CONCOURSE VILLAGE CORPORATION (EIN 824020174) - Form 990 Financial Analysis & Trantor Score

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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

2018

Legal Domicile

Principal Officer

DAVID UMANSKY

Phone

2125717260

Tax Period

2023-01-01 to 2023-12-31

CIVIC CONCOURSE VILLAGE CORPORATION, founded in 2018, is a community nonprofit in the Community Improvement sector that reported $1.4M in total revenue in fiscal year 2023. Revenue fell 61% from the prior year — a significant decline worth monitoring. The organization ran a surplus of $229K, a strong 16% operating margin.

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, CONSTRUCT, AND SUBLEASE A CHARTER SCHOOL BUILDING LOCATED AT 757 CONCOURSE VILLAGE WEST, BRONX, NY. CONSTRUCTION WAS COMPLETED AND THE CHARTER SCHOOL SUBTENANT TOOK OCCUPANCY IN 2020. IN 2023 THE CORPORATION SOLD ITS LEASEHOLD INTEREST TO THE CHARTER SCHOOL SUBTENANT AND THE SUBLEASE WAS TERMINATED.

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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 (2023)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $1,104,483

Investment Income $303,135

Other Revenue $0

TOTAL REVENUE $1,407,618

Expense Breakdown

Grants Paid $263,951

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $1,155,047

Other Expenses $914,749

TOTAL EXPENSES $1,178,700

Year-over-Year Comparison

	2023	2022	Change
Revenue	$1,407,618	$3,614,673	-0.6%
Expenses	$1,178,700	$2,994,008	-0.6%
Net Income	$228,918	$620,665	-0.6%

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

$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
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
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
KEITH RAND	DIRECTOR	1.00	Director	$0	$0	$0
ALAN SAGE	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	$1,407,618	$1,178,700	$23,451	$228,918
2022	$3,614,673	$2,994,008	$40,181,840	$620,665
2021	$2,332,033	$2,508,342	$28,206,759	$-176,309
2020	$555,240	$642,730	$27,782,206	$-87,490
2019	No data	$12,303	$9,289,871	No data

CIVIC CONCOURSE VILLAGE CORPORATION