Civic Intelligence

CIVIC Builders Inc

EIN 04-3635313 • 501(c)3 • New York, NY

Profile

Civic builders, inc. Is a non-profit facilities developer that provides turn-key solutions for charter school real estate needs. The organization helps create an environment that attracts new government, philanthropic, and commercial funds for the creation of new charter school real estate.

180 Varick Street - Suite 1414New York, NY 10014

www.civicbuilders.org

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

65th percentile

0.43x

Higher debt load relative to assets than 65% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Liabilities / Revenue

89th percentile

3.44x

Higher debt load relative to revenue than 89% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Net Margin

73rd percentile

16%

Higher net margin than 73% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Source year 2024

Top Officer Pay

53rd percentile

$555,342

Higher top officer pay than 53% of similar nonprofits.

Top officer pay equals 4.5% of source-year revenue.

501(c)3 • $100M-$250M nonprofits • Source year 2023

Asset Growth

31st percentile

1.5%

Faster asset growth than 31% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Revenue Growth

73rd percentile

17%

Faster revenue growth than 73% of similar nonprofits.

501(c)3 • $100M-$250M nonprofits • Annualized from 2023 to 2024

Assets

Up

$114,847,127

Up $1,671,950 (+1.5%) from 2023

Liabilities

Down

$49,340,905

Down $566,102 (-1.1%) from 2023

Net Assets

Up

$65,506,222

Up $2,238,052 (+3.5%) from 2023

Revenue

Up

$14,323,165

Up $2,088,814 (+17%) from 2023

Expenses

Up

$11,961,606

Up $178,512 (+1.5%) from 2023

Net Income

Up

$2,361,559

Up $1,910,302 (+423%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$150M$100M$50M$0Assets 2010: $29,549,474Liabilities 2010: $8,646,291Net Assets 2010: $20,903,1832010Assets 2011: $30,225,830Liabilities 2011: $6,686,515Net Assets 2011: $23,539,3152011Assets 2012: $34,761,577Liabilities 2012: $6,570,726Net Assets 2012: $28,190,8512012Assets 2013: $44,036,677Liabilities 2013: $16,410,780Net Assets 2013: $27,625,8972013Assets 2014: $49,091,258Liabilities 2014: $18,197,783Net Assets 2014: $30,893,4752014Assets 2015: $50,895,388Liabilities 2015: $16,472,100Net Assets 2015: $34,423,2882015Assets 2016: $57,276,917Liabilities 2016: $19,460,128Net Assets 2016: $37,816,7892016Assets 2017: $57,726,814Liabilities 2017: $18,335,264Net Assets 2017: $39,391,5502017Assets 2018: $57,408,920Liabilities 2018: $16,681,894Net Assets 2018: $40,727,0262018Assets 2019: $52,014,527Liabilities 2019: $9,177,186Net Assets 2019: $42,837,3412019Assets 2020: $58,441,196Liabilities 2020: $11,017,808Net Assets 2020: $47,423,3882020Assets 2021: $87,716,137Liabilities 2021: $27,365,606Net Assets 2021: $60,350,5312021Assets 2022: $117,678,555Liabilities 2022: $55,436,692Net Assets 2022: $62,241,8632022Assets 2023: $113,175,177Liabilities 2023: $49,907,007Net Assets 2023: $63,268,1702023Assets 2024: $114,847,127Liabilities 2024: $49,340,905Net Assets 2024: $65,506,2222024

Highlighted filing

2024

Assets$114,847,127
Liabilities$49,340,905
Net Assets$65,506,222

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$30M$20M$10M$0-$10MExpenses 2010: $6,943,4692010Expenses 2011: $8,459,6232011Expenses 2012: $8,728,5762012Revenue 2013: $7,305,649Expenses 2013: $7,870,603Net Income 2013: -$564,9542013Revenue 2014: $8,647,316Expenses 2014: $7,225,615Net Income 2014: $1,421,7012014Revenue 2015: $10,581,915Expenses 2015: $7,045,643Net Income 2015: $3,536,2722015Revenue 2016: $9,099,362Expenses 2016: $5,736,018Net Income 2016: $3,363,3442016Revenue 2017: $9,969,861Expenses 2017: $8,276,972Net Income 2017: $1,692,8892017Revenue 2018: $7,905,032Expenses 2018: $6,844,759Net Income 2018: $1,060,2732018Revenue 2019: $9,679,234Expenses 2019: $8,658,393Net Income 2019: $1,020,8412019Revenue 2020: $9,431,051Expenses 2020: $8,399,401Net Income 2020: $1,031,6502020Revenue 2021: $21,789,241Expenses 2021: $8,648,752Net Income 2021: $13,140,4892021Revenue 2022: $10,569,482Expenses 2022: $10,146,727Net Income 2022: $422,7552022Revenue 2023: $12,234,351Expenses 2023: $11,783,094Net Income 2023: $451,2572023Revenue 2024: $14,323,165Expenses 2024: $11,961,606Net Income 2024: $2,361,5592024

Highlighted filing

2024

Revenue$14,323,165
Expenses$11,961,606
Net Income$2,361,559

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$115$49.3$65.5$14.3$12.0$2.36
2023Detailed filing. Detailed filing data is available for this year.$113$49.9$63.3$12.2$11.8$0.45
2022Detailed filing. Detailed filing data is available for this year.$118$55.4$62.2$10.6$10.1$0.42
2021Detailed filing. Detailed filing data is available for this year.$87.7$27.4$60.4$21.8$8.65$13.1
2020Detailed filing. Detailed filing data is available for this year.$58.4$11.0$47.4$9.43$8.40$1.03
2019Detailed filing. Detailed filing data is available for this year.$52.0$9.18$42.8$9.68$8.66$1.02
2018Detailed filing. Detailed filing data is available for this year.$57.4$16.7$40.7$7.91$6.84$1.06
2017Detailed filing. Detailed filing data is available for this year.$57.7$18.3$39.4$9.97$8.28$1.69
2016Detailed filing. Detailed filing data is available for this year.$57.3$19.5$37.8$9.10$5.74$3.36
2015Detailed filing. Detailed filing data is available for this year.$50.9$16.5$34.4$10.6$7.05$3.54
2014Detailed filing. Detailed filing data is available for this year.$49.1$18.2$30.9$8.65$7.23$1.42
2013Detailed filing. Detailed filing data is available for this year.$44.0$16.4$27.6$7.31$7.87$0.56
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$34.8$6.57$28.2$8.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$30.2$6.69$23.5$8.46
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.5$8.65$20.9$6.94
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Nov 14, 2025
Return Version
2024v5.2
Gross Receipts
$14,323,165
Mission and Program Overview

Mission

Civic builders, inc. Is a non-profit facilities developer that provides turn-key solutions for charter school real estate needs. The organization helps create an environment that attracts new government, philanthropic, and commercial funds for the creation of new charter school real estate.

See schedule ocivic provides school facilities development services and loan funding for charter schools in the u.s. These activities focus on charter schools that provide immediate and much needed academic options to some of the most under resourced communities in the country. In 2024 civic reached significant milestones with two successful school projects including the construction of the urban assembly charter school for computer science building in new york as well as beginning the construction of the mecca business learning institute building in maryland.

Balance Sheet Detail
LineBeginningEndChange
Assets
Other Notes and Loans Receivable, Net$24,749,700$24,749,700→ $0
Investments in Publicly Traded Securities$25,933,624$23,844,313▼ $2,089,311
Land, Buildings, and Equipment, Net$14,070,749$18,561,461▲ $4,490,712
Cash and Non-Interest-Bearing Accounts$1,315,454$16,554,720▲ $15,239,266
Investments Program Related$3,172,873$3,172,822▼ $51
Savings and Temporary Cash Investments$10,898,460$2,156,072▼ $8,742,388
Accounts Receivable$756,346$696,288▼ $60,058
Prepaid Expenses and Deferred Charges$204,486--
Pledges and Grants Receivable$640,027$28,500▼ $611,527
Total Assets$113,175,177$114,847,127▲ $1,671,950
Other Assets Total$31,433,458$25,083,251▼ $6,350,207
Liabilities
Mortgage Notes Payable Secured by Investment Property$25,174,571$24,232,150▼ $942,421
Other Liabilities$24,275,684$23,644,907▼ $630,777
Accounts Payable and Accrued Expenses$374,522$1,463,848▲ $1,089,326
Deferred Revenue$82,230--
Total Liabilities$49,907,007$49,340,905▼ $566,102
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$42,786,151$43,933,735▲ $1,147,584
Net Assets With Donor Restrictions$20,482,019$21,572,487▲ $1,090,468
Total Net Assets Fund Balance$63,268,170$65,506,222▲ $2,238,052
Total Liabilities and Net Assets / Fund Balance$113,175,177$114,847,127▲ $1,671,950

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$9,884,480$1,290,338$11,174,818
Leasehold Improvements$2,949,702$3,064,432$6,014,134
Land$5,701,080-$5,701,080
Equipment$26,199$316,090$342,289
Other Assets Org$20,280,817--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
David UmanskyCEOFT$389,477$170,201$559,678
Kathryn MchughChief Lending & Investement OfficerFT$255,339$52,514$307,853
Leonard DymondVP ConstructionFT$198,806$95,981$294,787
Ellen McburneyCOOFT$219,945$62,957$282,902
Yvonne SotoChief People OfficerFT$215,954$63,915$279,869
Katiana Anglade-ogweulekaVP Real EstateFT$173,524$66,479$240,003

Board Members and Trustees

NameTitle
Simone BrodyChairperson
David LooVice Chair and Treasurer
Alan SageBoard Member
Genger CharlesBoard Member
Kahena JoubertBoard Member
Keith RandBoard Member
Paul WassermanBoard Member
Ron BeitBoard Member
Sherman WhitesBoard Member
Susie Miller CarelloBoard Member
Vipul TandonBoard Member
Khary BarnesSecretary

Highest Paid Contractors

ContractorServicesLocationCompensation
Mitchell & Titus LLPAccounting80 PINE STREET SUITE 3220, New York, NY 10005$137,972
Revenue and Support

Revenue Composition

Contributions and Grants
$1,460,852
Program Service Revenue
$9,714,604
Investment Income
$3,147,709
Other Revenue
$0
All Other Contributions
$1,460,852
Change in Net Assets
$2,361,559
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,929,858
Salaries, Compensation, and Employee Benefits$5,504,321
Grants and Similar Amounts Paid$527,427
Total Fundraising Expense$499,296
Professional Fundraising Fees$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$2,440,211$123,292$28,762$2,592,265
Current Officers, Directors, Trustees, and Key Employees$1,872,978$462,152$118,967$2,454,097
Other Salaries and Wages$1,272,096$795,615$174,443$2,242,154
Interest$1,078,316--$1,078,316
Depreciation Depletion$527,661$27,438-$555,099
Fees for Services Other$65,406$479,527$4,186$549,119
Grants to Domestic Orgs$527,427--$527,427
Office Expenses$292,791$135,916$26,464$455,171
Payroll Taxes$233,016$93,186$21,739$347,941
Insurance$288,314$29,840-$318,154
Travel$82,417$217,565$6,399$306,381
Other Employee Benefits$196,093$78,419$18,294$292,806
Pension Plan Contributions$112,056$44,813$10,454$167,323
Advertising$14,004-$89,588$103,592
Fees for Service Investment Mgmnt Fees-$-51,483-$-51,483
Other Expenses$-231,112--$-231,112
Total Functional Expenses$9,026,030$2,436,280$499,296$11,961,606
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Civic New Markets Support Corporation IiiNew York, NY501(c)(3)Operating Grant$421,776
Civic New Markets Support Corporation IiNew York, NY501(c)(3)Operating Grant$50,000
Civic New Markets Support Corporation IvNew York, NY501(c)(3)Operating Grant$15,000
HARLEM CHILDREN'S ZONE INCNew York, NY501(c)(3)Operating Grant$15,000
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Event----
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Insider Transactions and Loans

Interested-Person Transactions

Interested PartyRelationshipDescriptionShared RevenueAmount
-David Umansky Is Also the President of This OrganizationCnmsc I Provided an Operating Grant to Civic Builders, Inc. During 2024.No$520,000
-David Umansky Is Also the President of This OrganizationCivic Builders, Inc. Provided an Operating Grant to Cnmsc Iii During 2024.No$421,776
-David Umansky Is Also the President of This OrganizationCivic Builders, Inc. Provided an Operating Grant to Cnmsc Ii During 2024.No$50,000
-David Umansky Is Also the President of This OrganizationCivic Builders, Inc. Provided an Operating Grant to Cnmsc Iv During 2024.No$15,000
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Lease Liability$21,751,491
Security Deposits$1,893,416
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
Yes
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

An electronic draft of the 990 is e-mailed to the board of directors for review and comment.

Form 990, Part VI, Section B, Line 12C

The conflict of interest questionnaire is completed at the last meeting of the board each calendar year.

Form 990, Part VI, Section B, Line 15

The board approves ceo and key employee's salaries and objective based bonuses on an annual basis. The board utilizes comparative salaries in order to make their determination.

Form 990, Part VI, Section C, Line 19

The organization's governing documents, conflict of interest policy and financial statements are made available upon request.

Filing and Contact Details

Filer

Filer Name
Civic Builders Inc
EIN
04-3635313
Phone
2125717260
Address
180 VARICK STREET - SUITE 1414, NEW YORK, NY 10014

Signing Officer

Name
David Umansky
Title
Chief Executive Officer
Phone
2125717260
Signed
2025-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Umansky
Formed
2002
Legal Domicile
Ny
Voting Board Members
13
Independent Board Members
12
Employees
34
Volunteers
12

Preparer

Firm
Mitchell & Titus Llp
Address
80 PINE STREET 32ND FL, NEW YORK, NY 10005
Preparer
Eric Harrison
Phone
2127094500
Supplemental Narrative

Additional Explanations

Form 990, Part IX, Line 11G

Other professional fees: program service expenses 65,406. Management and general expenses 479,527. Fundraising expenses 4,186. Total expenses 549,119.

FORM 990, PART XI, LINE 9:

Distribution to civic builders, inc. Investment to/from civic builders, inc. (or other civic entity) distribution to/from civic builders, inc. (civic entities) 90,331. Transfer to net assets gain (loss) on investment in joint venture 14,749.

Raw XML AppendixShowing 400 of 1,362 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ActivityOrMissionDesc0SEE SCHEDULE OCIVIC PROVIDES SCHOOL FACILITIES DEVELOPMENT SERVICES AND LOAN FUNDING FOR CHARTER SCHOOLS IN THE U.S. THESE ACTIVITIES FOCUS ON CHARTER SCHOOLS THAT PROVIDE IMMEDIATE AND MUCH NEEDED ACADEMIC OPTIONS TO SOME OF THE MOST UNDER RESOURCED COMMUNITIES IN THE COUNTRY. IN 2024 CIVIC REACHED SIGNIFICANT MILESTONES WITH TWO SUCCESSFUL SCHOOL PROJECTS INCLUDING THE CONSTRUCTION OF THE URBAN ASSEMBLY CHARTER SCHOOL FOR COMPUTER SCIENCE BUILDING IN NEW YORK AS WELL AS BEGINNING THE CONSTRUCTION OF THE MECCA BUSINESS LEARNING INSTITUTE BUILDING IN MARYLAND.
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IRS990/Form990PartVIISectionAGrp/PersonNm6GENGER CHARLES
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IRS990/Form990PartVIISectionAGrp/PersonNm8VIPUL TANDON
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IRS990/Form990PartVIISectionAGrp/PersonNm13KATHRYN MCHUGH
IRS990/Form990PartVIISectionAGrp/PersonNm14ELLEN MCBURNEY
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IRS990/Form990PartVIISectionAGrp/PersonNm16LEONARD DYMOND
IRS990/Form990PartVIISectionAGrp/PersonNm17KATIANA ANGLADE-OGWEULEKA
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IRS990/Form990PartVIISectionAGrp/TitleTxt3VICE CHAIR AND TREASURER
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IRS990/Form990PartVIISectionAGrp/TitleTxt5BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt6BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt7BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt8BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt9BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt10BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt11BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt12BOARD MEMBER
IRS990/Form990PartVIISectionAGrp/TitleTxt13CHIEF LENDING & INVESTEMENT OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt14COO
IRS990/Form990PartVIISectionAGrp/TitleTxt15CHIEF PEOPLE OFFICER
IRS990/Form990PartVIISectionAGrp/TitleTxt16VP CONSTRUCTION
IRS990/Form990PartVIISectionAGrp/TitleTxt17VP REAL ESTATE
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IRS990/FormationYr02002
IRS990/FormerOfcrEmployeesListedInd00
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IRS990/FSAuditedInd01
IRS990/FundraisingActivitiesInd01
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IRS990/GrantsToOrganizationsInd01
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IRS990/IndoorTanningServicesInd00
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0SEE SCHEDULE OCIVIC BUILDERS, INC. IS A NON-PROFIT FACILITIES DEVELOPER AND LENDER THAT PROVIDES TURN-KEY SOLUTIONS FOR CHARTER SCHOOL REAL ESTATE NEEDS. THE ORGANIZATION HELPS CREATE AN ENVIRONMENT THAT ATTRACTS NEW GOVERNMENT, PHILANTHROPIC, AND COMMERCIAL FUNDS FOR THE CREATION OF NEW CHARTER SCHOOL REAL ESTATE.
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IRS990ScheduleA/SubstantialContributorsTotAmt04222009
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X

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