Overview
What is Civic 411 Wales Corporation?
Civic 411 Wales Corporation is a 501(c)(3) nonprofit organization, established to support the charitable objectives of Civic Builders, Inc. Their primary mission is to provide comprehensive real estate solutions for charter schools, specifically by securing financing, making investments, leasing, renovating, and subleasing a building located at 411 Wales Avenue, Bronx, NY. The corporation successfully completed the renovation of this building, which now houses two charter schools. They operate as a nonprofit entity based in New York City, with an address at 180 Varick Street, Suite 1414.
Official website here: www.civicbuilders.org
What are the reviews and ratings of this charity?
77% rating from Charity Navigator indicates that Civic 411 Wales Corporation has received a Three-Star out of Four Star rating, reflecting a decent level of accountability and financial health. The organization demonstrates a strong commitment to transparency, with a majority of independent board members and effective oversight mechanisms in place.
Strengths include a high percentage of program expenses, showing that most funds are directed towards the organization's mission rather than administrative costs. The organization also scores well on policies related to financial statements, conflict of interest, and meeting documentation, which enhances their credibility and accountability.
However, the organization falls short in having a whistleblower policy, which is crucial for protecting individuals who report unethical behavior. Additionally, their liabilities to assets ratio suggests potential financial concerns that could be examined further. Overall, while Civic 411 Wales Corporation has many strengths, there are areas for improvement in governance policies.
This AI summary has been generated from information found on Charity Navigator.
Is Civic 411 Wales Corporation legitimate?
Civic 411 Wales Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Civic 411 Wales 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 411 Wales Corporation?
The Civic 411 Wales Corporation was established as a 501(c)(3) organization, with its primary purpose being to support the charitable objectives of Civic Builders, Inc., another 501(c)(3) organization. Civic Builders specializes in providing turn-key solutions for charter school real estate needs. The Civic 411 Wales Corporation was formed specifically to secure financing, make an investment, lease, renovate, and sublease a charter school building located at 411 Wales Avenue in Bronx, NY. The renovation was completed, and the charter school tenants occupied the building in August 2019. While the information does not provide a specific mission statement, it suggests that the corporation's purpose is to support charter schools by providing real estate solutions.
Official website here: www.civicbuilders.org
Who is the CEO of Civic 411 Wales Corporation?
David Umansky is the President of Civic 411 Wales Corporation.
Official website here: www.civicbuilders.org
What is the revenue of Civic 411 Wales Corporation?
Civic 411 Wales Corporation's revenue in 2022 was $3,863,572.
Official website here: www.civicbuilders.org
Who are the executives of Civic 411 Wales Corporation and what are their salaries?
There 11 volunteers at Civic 411 Wales Corporation.
Here are 12 key members and their salaries:
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- Related: $543,355
- Other: $37,253
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- Other: $0
Official website here: www.civicbuilders.org
Where can I find the form 990 for Civic 411 Wales Corporation?
Civic 411 Wales 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 411 Wales Corporation
Civic 411 Wales Corporation, established as a 501(c)(3) organization, was formed to support the charitable objectives of Civic Builders, Inc., another nonprofit organization that specializes in providing turn-key solutions for charter school real estate needs. This specific corporation was created with the purpose of securing financing, making an investment, leasing, renovating, and subleasing a charter school building located at 411 Wales Avenue, Bronx, NY. The renovation was completed, and the charter school tenants began occupancy in August 2019. In essence, Civic 411 Wales Corporation serves as a facilitator, ensuring that charter schools have access to suitable and renovated facilities, thereby contributing to the provision of quality education.
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Impact
July, 2024
Civic 411 Wales Corporation has had a significant impact by providing turn-key real estate solutions for charter schools. By securing financing, making investments, leasing, renovating, and subleasing a charter school building located at 411 Wales Avenue in Bronx, NY, this organization has contributed to the establishment and improvement of educational facilities for the community. This initiative has directly benefited two charter schools that are now able to operate in a fully renovated and functional space as of August 2019.
This information is meant to be a general summary of Civic 411 Wales 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.
- Investment Income: $228
- Program Service Revenue: $3,863,344
- Gross Receipts: $3,863,572
Assets and Liabilities:
- Total Assets: $43,286,661
- Total Liabilities: $43,273,017
- Net Assets: $13,644
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,863,344
Organization Details
Founding Year
2017
Phone
(212) 571-7260Principal Officer
David Umansky
Main Address
180 VARICK STREET - SUITE 1414, NEW YORK, NY, 10014
Website
www.civicbuilders.orgNTEE Category
Code: L21 - Housing
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