Overview
What is Civic Builders Inc?
Civic Builders Inc, established in 2002, is a nonprofit organization based in New York City, specifically at 180 Varick Street - Suite 1414. Their primary mission is to address the challenge of affordable, long-term facility real estate solutions for charter schools, which often operate in underprivileged neighborhoods and provide essential educational options. By building and lending to charter schools, Civic Builders Inc contributes to the creation of conducive learning environments that attract additional funding from various sources. As of 2022, Civic Builders Inc has had a productive year, completing construction for the Harlem Children's Zone Promise Academy II Charter School building and continuing construction for the Achievement First Linden Middle School building. Additionally, the organization acquired land and began design for the Urban Assembly Charter School for Computer Science building. In 2018, Civic Builders Inc partnered with a foundation and a bank to launch the Facilities Investment Fund, committing over $63 million to six projects serving 2,967 charter school students nationwide. With a workforce of 24 individuals, Civic Builders Inc continues to play a significant role in providing charter schools with the necessary infrastructure to offer quality education in underserved communities.
Official website here: www.civicbuilders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 95% (Four-Star out of Four Star Rating from Charity Navigator)
Civic Builders Inc has received a commendable Four-Star rating from Charity Navigator, reflecting its strong commitment to accountability and finance. The organization scored exceptionally high in several key areas, including a 96 for accountability, highlighting its transparent financial practices and responsible governance. The board of directors is primarily independent, which is a positive indicator of its commitment to oversight and integrity.
The charity shows a healthy program expense ratio of nearly 82%, demonstrating that a significant portion of its resources is directed towards fulfilling its mission rather than administrative costs. Furthermore, Civic Builders has established robust policies concerning conflict of interest and whistleblower protections, which are critical for maintaining ethical standards and accountability within the organization.
While the overall performance is impressive, the organization's culture and community score of 81 indicates that there may be room for improvement in fostering an inclusive environment. Nevertheless, the high scores in accountability and finance suggest that Civic Builders Inc effectively manages its resources and operates with transparency, making it a trustworthy organization for potential donors and supporters.
This AI summary has been generated from information found on Charity Navigator.
Is Civic Builders Inc legitimate?
Civic Builders Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Civic Builders Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $1,713,617
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,593,082
For more financial information, click here
Official website here: www.civicbuilders.org
What is the mission statement of Civic Builders Inc?
Civic Builders Inc, a non-profit organization, is dedicated to addressing the challenge of affordable, long-term facility solutions for charter schools. They provide construction and lending services to charter schools, thereby offering immediate academic options in underserved communities. In 2022, Civic completed construction for the Harlem Children's Zone Promise Academy II Charter School building and continued construction for the Achievement First Linden Middle School building. Additionally, they acquired land and initiated design for the Urban Assembly Charter School for Computer Science building. Civic's mission is to create an environment that attracts new funding sources for the creation of new charter school real estate, acting as a facilitator for the development of charter schools nationwide. In 2022, the organization's Facilities Investment Fund committed over $63 million dollars to six projects, serving 2,967 charter school students across the country.
Official website here: www.civicbuilders.org
Who is the CEO of Civic Builders Inc?
David Umansky is the Ceo of Civic Builders Inc. The CEO's salary of Civic Builders Inc is $543,355 and their total compensation is $580,608.
Official website here: www.civicbuilders.org
What is the revenue of Civic Builders Inc?
Civic Builders Inc's revenue in 2022 was $10,569,482.
Official website here: www.civicbuilders.org
Who are the executives of Civic Builders Inc and what are their salaries?
The average compensation at Civic Builders Inc during 2022 was $137,779. There are 24 employees and 11 volunteers at Civic Builders Inc.
Here are 17 key members and their salaries (Civic Builders Inc's CEO's salary is $543,355 and their total compensation is $580,608):
- Compensation: $543,355
- Related: $0
- Other: $37,253
- Compensation: $0
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- Other: $0
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- Other: $0
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- Other: $0
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- Other: $0
- Compensation: $0
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- Other: $0
- Compensation: $0
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- Other: $0
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- Other: $0
- Compensation: $246,938
- Related: $0
- Other: $62,137
- Compensation: $238,525
- Related: $0
- Other: $22,184
- Compensation: $214,992
- Related: $0
- Other: $48,988
- Compensation: $236,292
- Related: $0
- Other: $40,938
- Compensation: $193,756
- Related: $0
- Other: $9,112
Official website here: www.civicbuilders.org
Where can I find the form 990 for Civic Builders Inc?
Civic Builders Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.civicbuilders.org
Learn more at the official website: www.civicbuilders.org
Mission Statement of Civic Builders Inc
Civic Builders Inc, a non-profit organization, is dedicated to overcoming the significant challenge of providing affordable, long-term facility solutions for charter schools. This mission is crucial as these schools offer academic alternatives in underserved communities. As a facilities developer and lender, Civic Builders Inc offers turnkey solutions to address the real estate needs of charter schools, thereby contributing to the creation of an environment that attracts various funding sources, leading to the establishment of new charter school facilities.
In essence, Civic Builders Inc aims to support charter schools by providing them with the necessary infrastructure, thereby enabling them to offer quality education to students in disadvantaged neighborhoods. The organization's work is instrumental in bridging the gap between the need for affordable, long-term facilities and the availability of such resources for charter schools. By doing so, Civic Builders Inc is playing a significant role in enhancing educational opportunities for students in low-income communities. In 2022, the organization completed construction on a project that will provide 42,400 square feet of space for 360 charter school students in New York City, demonstrating its commitment to this mission.
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Impact
July, 2024
Civic Builders Inc has a significant impact in providing long-term facility solutions for charter schools, particularly in underprivileged areas. By constructing and lending to charter schools, Civic Builders facilitates the establishment of academic options in some of the poorest neighborhoods. In 2022 alone, the organization completed construction projects for various charter school buildings, including the Harlem Children's Zone Promise Academy II and Achievement First Linden Middle School.
Furthermore, Civic Builders initiated a national lending program in collaboration with a foundation and a bank, called the Facilities Investment Fund. This program has committed over $63 million to six projects in 2022, benefiting nearly 3,000 charter school students nationwide. By actively addressing the real estate needs of charter schools, Civic Builders plays a crucial role in enhancing educational opportunities for students in underserved communities.
This information is meant to be a general summary of Civic Builders Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,180,410
- Program Service Revenue: $7,200,539
- Gross Receipts: $10,569,482
Assets and Liabilities:
- Total Assets: $117,678,555
- Total Liabilities: $55,436,692
- Net Assets: $62,241,863
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,661,191
CONSULTING INCOME
Revenue
$3,174,348
DEVELOPMENT FEES
Revenue
$365,000
Organization Details
Founding Year
2002
Phone
(212) 571-7260Principal Officer
David Umansky
Main Address
180 VARICK STREET - SUITE 1414, NEW YORK, NY, 10014
Website
www.civicbuilders.orgNTEE Category
Code: L99 - Housing
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