Overview
What is Civic East 156th Street Corporation?
Civic East 156th Street Corporation is a 501(c)(3) nonprofit organization, established to support the charitable objectives of Civic Builders, Inc. Their primary mission is to provide turn-key real estate solutions for charter schools. This involves securing financing, making investments, leasing, and subleasing properties to accommodate charter school needs. As evidenced by their work at 600 East 156th Street in the Bronx, NY, they have successfully developed, financed, and leased a condo unit to Brilla College Preparatory Charter School, contributing to the expansion of educational opportunities in the area. The corporation completed construction and the charter school took occupancy in 2020.
Official website here: www.civicbuilders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77%, Three-Star out of Four Star Rating
Civic East 156th Street Corporation has earned a 77% rating from Charity Navigator, indicating a strong performance in its accountability and finance practices. This score reflects a well-maintained governance structure, with 91% of board members being independent and a robust Audit and Oversight Committee. The organization demonstrates a commendable program expense ratio of 98.67%, suggesting that a significant portion of its funds is directed towards its programs.
However, the organization faces some limitations that have impacted its overall score. Notably, it lacks a whistleblower policy, which is an essential component of good governance, and has not posted its tax documents on its website, which can hinder transparency. Additionally, the organization's liabilities to assets ratio is notably high at 99.56%, indicating potential financial concerns that may require further scrutiny.
Overall, while Civic East 156th Street Corporation showcases strengths in financial management and governance, the absence of certain policies and transparency measures may raise questions among potential donors about its operational integrity. Addressing these issues could enhance its credibility and effectiveness as a nonprofit organization.
This AI summary has been generated from information found on Charity Navigator.
Is Civic East 156th Street Corporation legitimate?
Civic East 156th Street Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Civic East 156th Street Corporation 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 East 156th Street Corporation?
The Civic East 156th Street Corporation was established as a 501(c)(3) organization, with the primary goal of supporting the charitable purposes of Civic Builders, Inc., another 501(c)(3) organization that offers turn-key solutions for charter school real estate needs. Specifically, this corporation was formed to secure financing, make an investment, lease, and sublease a charter school condo unit located at 600 East 156th Street, Bronx, NY. After completion of construction, the charter school subtenant occupied the space in 2020. The corporation's activities revolve around facilitating real estate solutions for charter schools, but it does not have a traditional mission statement focusing on social causes or supporting a specific community.
Official website here: www.civicbuilders.org
Who is the CEO of Civic East 156th Street Corporation?
David Umansky is the President of Civic East 156th Street Corporation.
Official website here: www.civicbuilders.org
What is the revenue of Civic East 156th Street Corporation?
Civic East 156th Street Corporation's revenue in 2022 was $1,266,204.
Official website here: www.civicbuilders.org
Who are the executives of Civic East 156th Street Corporation and what are their salaries?
There 11 volunteers at Civic East 156th Street Corporation.
Here are 12 key members and their salaries:
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- Related: $543,355
- Other: $37,253
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Official website here: www.civicbuilders.org
Where can I find the form 990 for Civic East 156th Street Corporation?
Civic East 156th Street Corporation'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 East 156th Street Corporation
Civic East 156th Street Corporation, a 501(c)(3) organization, was established with the mission of advancing the charitable objectives of its parent company, Civic Builders, Inc. This charity organization specializes in providing comprehensive real estate solutions for charter schools. Specifically, its purpose was to secure financing, invest, lease, and sublease a charter school condo unit located at 600 East 156th Street, Bronx, NY. The corporation successfully completed construction, and the charter school subtenant moved in by 2020. This nonprofit organization's mission lies in supporting the education sector and providing turn-key solutions to cater to the real estate needs of charter schools.
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Impact
July, 2024
Civic East 156th Street Corporation's impact can be seen in the successful development, financing, leasing, and subleasing of a charter school condo unit located at 600 East 156th Street in the Bronx, NY. This space is now occupied by the Brilla College Preparatory Charter School, providing essential educational services to the community. By providing turn-key real estate solutions for charter schools, Civic East 156th Street Corporation contributes to the improvement of educational infrastructure and access in the area.
This information is meant to be a general summary of Civic East 156th Street Corporation. 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.
- Program Service Revenue: $1,266,204
- Gross Receipts: $1,266,204
Assets and Liabilities:
- Total Assets: $13,401,007
- Total Liabilities: $13,342,693
- Net Assets: $58,314
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$1,266,204
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: L20 - Housing
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