Overview
What is Civic Charter Lender Inc?
Civic Charter Lender Inc is a 501(c)(3) nonprofit organization, established to support the charitable aims of its parent organization, Civic Builders Inc. Located in New York City, the primary mission of Civic Charter Lender Inc is to provide short-term loans to charter schools. This corporation holds and extends these loans, acting as a financial resource for educational institutions in need. By offering turn-key solutions for charter school real estate needs, Civic Builders Inc empowers its offshoot, Civic Charter Lender Inc, to contribute positively to the educational sector in New York City.
Official website here: www.civicbuilders.org
Is Civic Charter Lender Inc legitimate?
Civic Charter Lender Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Civic Charter Lender 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.civicbuilders.org
What is the mission statement of Civic Charter Lender Inc?
Civic Charter Lender Inc, as a 501(c)(3) organization, was established with the charitable purpose of supporting Civic Builders Inc., another 501(c)(3) entity that provides turn-key solutions for charter school real estate needs. The primary function of Civic Charter Lender Inc. is to provide short-term loans to these charter schools. The corporation's activities have led to the disbursement of loans to three charter schools located in New York City, generating interest income. In essence, Civic Charter Lender Inc. serves as a financial aid provider for charter schools, contributing to their real estate needs.
Official website here: www.civicbuilders.org
Who is the CEO of Civic Charter Lender Inc?
David Umansky is the President of Civic Charter Lender Inc.
Official website here: www.civicbuilders.org
What is the revenue of Civic Charter Lender Inc?
Civic Charter Lender Inc's revenue in 2021 was $17,369.
Official website here: www.civicbuilders.org
Who are the executives of Civic Charter Lender Inc and what are their salaries?
There 11 volunteers at Civic Charter Lender Inc.
Here are 12 key members and their salaries:
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Official website here: www.civicbuilders.org
Where can I find the form 990 for Civic Charter Lender Inc?
Civic Charter Lender Inc's most recent form 990 was submitted in 2021 and can be accessed here.
Official website here: www.civicbuilders.org
Learn more at the official website: www.civicbuilders.org
Mission Statement of Civic Charter Lender Inc
Civic Charter Lender Inc, established as a 501(C)(3) organization, was formed with the primary purpose of advancing the charitable objectives of its parent organization, Civic Builders Inc. This subsidiary organization specializes in providing short-term loan solutions to charter schools, aiding them in meeting their real estate needs. The corporation's mission is to hold and lend funds to these educational institutions, thereby contributing to their operational expenses temporarily. As reported, Civic Charter Lender Inc earned interest from three such short-term loans extended to charter schools situated in New York City.
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Impact
October, 2024
Civic Charter Lender Inc significantly enhances the landscape for charter schools by providing essential short-term loans to meet their real estate needs. By facilitating access to funding, the organization empowers these educational institutions to secure spaces that foster effective learning environments.
With a focus on the vibrant charter school sector in New York City, Civic Charter Lender Inc serves as a financial lifeline, ensuring that schools can navigate challenges associated with property acquisition and development. The interest income generated from the loans indicates a sustained commitment to supporting the educational mission while contributing to the larger goal of improving educational outcomes.
Ultimately, the impact of Civic Charter Lender Inc extends beyond financial assistance; it plays a crucial role in supporting the growth and sustainability of charter schools, thereby enriching the educational opportunities available to students in the region.
This information is meant to be a general summary of Civic Charter Lender 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 2021.
- Program Service Revenue: $17,369
- Gross Receipts: $17,369
Assets and Liabilities:
- Total Assets: $83,230
- Total Liabilities: $0
- Net Assets: $83,230
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
LOAN INTEREST INCOME
Revenue
$17,369
Organization Details
Founding Year
2016
Phone
(212) 571-7260Principal Officer
David Umansky
Main Address
180 VARICK STREET - SUITE 1414, NEW YORK, NY, 10014
Website
www.civicbuilders.orgNTEE Category
Code: B12 - Education
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