Overview
What is Civic Concourse Village Corporation?
Civic Concourse Village Corporation is a 501(c)(3) nonprofit organization, established to support the charitable objectives of Civic Builders, Inc. This organization specializes in offering comprehensive real estate solutions for charter schools. Specifically, Civic Concourse Village Corporation was formed to finance, invest, lease, construct, and sublease a charter school building situated at 757 Concourse Village West, Bronx, NY. The charter school, South Bronx Classical Charter School, began occupancy in 2020 following the completion of construction. The nonprofit operates from 180 Varick Street, Suite 1414, New York, NY 10014.
Official website here: www.civicbuilders.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 77% (Three-Star out of Four Stars)
Civic Concourse Village Corporation holds a Three-Star rating from Charity Navigator, reflecting a solid performance in Accountability & Finance. The organization benefits from a high percentage of independent board members and has demonstrated strong policies regarding financial oversight and conflict of interest. These strengths contribute to a robust governance framework, enhancing trust and transparency among stakeholders.
However, the charity's overall score is impacted by some limitations, such as the absence of a whistleblower policy and the non-availability of its tax form on the website. Additionally, while the program expense ratio is impressive, the liabilities to assets ratio raises some concerns, indicating a relatively high level of liabilities compared to its assets.
Overall, the organization shows commendable financial management practices but may need to address its governance policies to improve its rating further and enhance public confidence.
This AI summary has been generated from information found on Charity Navigator.
Is Civic Concourse Village Corporation legitimate?
Civic Concourse Village Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Civic Concourse Village 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 Concourse Village Corporation?
The Civic Concourse Village Corporation was established as a 501(c)(3) organization, with the primary goal of advancing the charitable objectives of Civic Builders, Inc., a fellow 501(c)(3) organization that specializes in providing 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. The construction of the building, located at 757 Concourse Village West in Bronx, NY, was completed, and the charter school subtenant took occupancy in 2020. The main purpose of this corporation is to support charter schools by providing them with a suitable building.
Official website here: www.civicbuilders.org
Who is the CEO of Civic Concourse Village Corporation?
David Umansky is the President of Civic Concourse Village Corporation.
Official website here: www.civicbuilders.org
What is the revenue of Civic Concourse Village Corporation?
Civic Concourse Village Corporation's revenue in 2022 was $3,614,673.
Official website here: www.civicbuilders.org
Who are the executives of Civic Concourse Village Corporation and what are their salaries?
There 11 volunteers at Civic Concourse Village 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 Concourse Village Corporation?
Civic Concourse Village 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 Concourse Village Corporation
Civic Concourse Village Corporation, established as a 501(c)(3) organization, was formed to advance the charitable objectives of its parent organization, Civic Builders, Inc. This nonprofit organization specializes in providing turn-key solutions for charter school real estate needs. Its primary mission involves securing financing, making investments, leasing, constructing, and subleasing a charter school building. In 2020, the corporation successfully completed construction on a charter school building situated at 757 Concourse Village West, Bronx, NY, and the subtenant occupied the space. Civic Concourse Village Corporation plays a crucial role in facilitating the provision of education facilities for charter schools, thereby supporting the growth and development of these educational institutions.
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Impact
July, 2024
Civic Concourse Village Corporation's impact lies in providing turn-key real estate solutions for charter schools, specifically in constructing, financing, leasing, and subleasing a charter school building located in the Bronx, NY. By securing financing and making investments in educational infrastructure, the organization contributes to the betterment of the community by supporting vital educational institutions like the South Bronx Classical Charter School. This initiative not only enhances access to quality education but also positively impacts the local community by fostering a conducive learning environment for students.
This information is meant to be a general summary of Civic Concourse Village 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: $3,614,673
- Gross Receipts: $3,614,673
Assets and Liabilities:
- Total Assets: $40,181,840
- Total Liabilities: $34,551,156
- Net Assets: $5,630,684
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$3,614,673
Organization Details
Founding Year
2018
Phone
(212) 571-7260Principal Officer
David Umansky
Main Address
180 VARICK STREET - SUITE 1414, NEW YORK, NY, 10014
Website
www.civicbuilders.orgNTEE Category
Code: S11 - Community improvement
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