Civic Intelligence

CIVIC Broad Street Corporation

EIN 46-3886327 • 501(c)3 • New York, NY

Profile

To assist not-for-profit charter school operators in the development of new school facilities by holding title to property which will be developed as new charter schools.

180 Varick Street Suite 1414New York, NY 10014

n/A

Siviq Scores

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

Liabilities / Assets

Score unavailable

No value available

Liabilities-to-assets requires both liabilities and assets on the latest valid filing.

Source year 2021

Liabilities / Revenue

10th percentile

0.00x

Tied with the lowest-debt nonprofits in its peer group.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Net Margin

48th percentile

3.5%

Higher net margin than 48% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Top Officer Pay

23rd percentile

$0

Higher top officer pay than 23% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $5M-$10M nonprofits • Source year 2021

Asset Growth

2nd percentile

-100%

Faster asset growth than 2% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Revenue Growth

98th percentile

627%

Faster revenue growth than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2020 to 2021

Balance Sheet
Liabilities / AssetsScore unavailable

Assets

Down

$0

Down $14,218,390 (-100%) from 2020

Liabilities

Down

$0

Down $14,415,115 (-100%) from 2020

Net Assets

Up

$0

Up $196,725 (+100%) from 2020

Operations
Liabilities / Revenue10th percentileNet Margin48th percentile

Revenue

Up

$5,570,438

Up $4,803,710 (+627%) from 2020

Expenses

Up

$5,373,713

Up $4,358,346 (+429%) from 2020

Net Income

Up

$196,725

Up $445,364 (+179%) from 2020

Trend Graphs

Balance Sheet Trend

Asset Growth2nd percentile

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

$20M$15M$10M$5.0M$0-$5.0MAssets 2013: $15,812,219Liabilities 2013: $15,405,288Net Assets 2013: $406,9312013Assets 2014: $14,834,382Liabilities 2014: $14,798,483Net Assets 2014: $35,8992014Assets 2015: $14,662,428Liabilities 2015: $14,607,667Net Assets 2015: $54,7612015Assets 2016: $14,381,219Liabilities 2016: $14,227,058Net Assets 2016: $154,1612016Assets 2017: $14,358,371Liabilities 2017: $14,259,099Net Assets 2017: $99,2722017Assets 2018: $14,336,847Liabilities 2018: $14,293,093Net Assets 2018: $43,7542018Assets 2019: $14,210,832Liabilities 2019: $14,323,932Net Assets 2019: -$113,1002019Assets 2020: $14,218,390Liabilities 2020: $14,415,115Net Assets 2020: -$196,7252020Assets 2021: $0Liabilities 2021: $0Net Assets 2021: $02021

Highlighted filing

2021

Assets$0
Liabilities$0
Net Assets$0
Open 2021 Filing

Operations Trend

Revenue Growth98th percentile

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

$6.0M$4.0M$2.0M$0-$2.0MRevenue 2013: $460,021Expenses 2013: $53,090Net Income 2013: $406,9312013Revenue 2014: -$432,525Expenses 2014: $0Net Income 2014: -$432,5252014Revenue 2015: -$205,142Expenses 2015: $0Net Income 2015: -$205,1422015Revenue 2016: $626,332Expenses 2016: $981,285Net Income 2016: -$354,9532016Revenue 2017: $701,585Expenses 2017: $985,431Net Income 2017: -$283,8462017Revenue 2018: $722,274Expenses 2018: $986,060Net Income 2018: -$263,7862018Revenue 2019: $744,081Expenses 2019: $1,087,896Net Income 2019: -$343,8152019Revenue 2020: $766,728Expenses 2020: $1,015,367Net Income 2020: -$248,6392020Revenue 2021: $5,570,438Expenses 2021: $5,373,713Net Income 2021: $196,7252021

Highlighted filing

2021

Revenue$5,570,438
Expenses$5,373,713
Net Income$196,725
Open 2021 Filing

Filings

Most recent year

2021 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$0
Liabilities
$0
Net assets
$0
Revenue
$5,570,438
Expenses
$5,373,713
Net income
$196,725
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2021Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$5.57$5.37$0.20
2020Detailed filing. Detailed filing data is available for this year.$14.2$14.4$0.20$0.77$1.02$0.25
2019Detailed filing. Detailed filing data is available for this year.$14.2$14.3$0.11$0.74$1.09$0.34
2018Detailed filing. Detailed filing data is available for this year.$14.3$14.3$0.04$0.72$0.99$0.26
2017Detailed filing. Detailed filing data is available for this year.$14.4$14.3$0.10$0.70$0.99$0.28
2016Detailed filing. Detailed filing data is available for this year.$14.4$14.2$0.15$0.63$0.98$0.35
2015Detailed filing. Detailed filing data is available for this year.$14.7$14.6$0.05$0.21$0.00$0.21
2014Detailed filing. Detailed filing data is available for this year.$14.8$14.8$0.04$0.43$0.00$0.43
2013Summary only. Only limited summary data is available for this year.$15.8$15.4$0.41$0.46$0.05$0.41
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Dec 31, 2020 to May 11, 2021
Signed
Aug 19, 2021
Return Version
2020v4.1
Gross Receipts
$5,570,438
Mission and Program Overview

Mission

To assist not-for-profit charter school operators in the development of new school facilities by holding title to property which will be developed as new charter schools.

SEE ATTACHMENT

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$10,966,466$0▼ $10,966,466
Prepaid Expenses and Deferred Charges$2,218,336$0▼ $2,218,336
Savings and Temporary Cash Investments$699,300$0▼ $699,300
Cash and Non-Interest-Bearing Accounts$271,291$0▼ $271,291
Intangible Assets$61,301$0▼ $61,301
Accounts Receivable$1,696$0▼ $1,696
Other Notes and Loans Receivable, Net-$0-
Pledges and Grants Receivable-$0-
Receivable From Disqualified Prsn-$0-
Receivables From Officers Etc-$0-
Investments Other Securities-$0-
Investments Program Related-$0-
Investments in Publicly Traded Securities-$0-
Pd in Cap Srpls Land Bldg Eqp Fund$0$0→ $0
Cap Stk Tr Prin Current Funds$0$0→ $0
Inventories for Sale or Use-$0-
Rtn Earn Endowment Incm Other Fnds$-196,725$0▲ $196,725
Total Assets$14,218,390$0▼ $14,218,390
Other Assets Total-$0-
Liabilities
Mortgage Notes Payable Secured by Investment Property$14,342,475$0▼ $14,342,475
Accounts Payable and Accrued Expenses$72,640$0▼ $72,640
Total Liabilities$14,415,115$0▼ $14,415,115
Net Assets / Fund Balance
Total Net Assets Fund Balance$-196,725$0▲ $196,725
Total Liabilities and Net Assets / Fund Balance$14,218,390$0▼ $14,218,390
Compensation and Service Providers
Top Officer Pay23rd percentile

Board Members and Trustees

NameTitle
David UmanskyPresident
Jeremy ChiappettaVice President
Frank BuccolaSecretary & Treasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$143,088
Investment Income
$0
Other Revenue
$5,427,350
Change in Net Assets
$196,725

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,570,438
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$45,867
Total Revenue per Audited Statements
$5,616,305
Total Revenue per Form 990
$5,570,438
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$5,368,105
Grants and Similar Amounts Paid$5,608
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$329,949--$329,949
Interest$97,178--$97,178
Grants to Domestic Orgs$5,608--$5,608
Other Expenses$5,592--$5,592
Occupancy$3,300--$3,300
Insurance$2,844--$2,844
All Other Expenses$108--$108
Total Functional Expenses$5,373,713$0$0$5,373,713

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$5,419,580
Expenses per Audited Statements$5,373,713
Total Expenses per Form 990$5,373,713
Expenses Not Reported on Form 990$45,867
Expenses Not Reported on Financial Statements$0
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Civic Builders IncNew York, NY501(c)(3)To Provide Operating Support to Civic Builders, Inc. and to Transfer Final Assets of Civic Broad Street Corp. to Civic Builders, Inc.$5,608
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
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
-A Director Is the CEO of a Member of the Interested PersonInterest ExpenseNo$97,178
-A Director Is the CEO of the Interested PersonGrant ExpenseNo$5,608

Loans and Receivables

Line ItemBeginningEndChange
Receivables from Disqualified Persons-$0-
Receivables from Officers, Directors, Trustees, and Key Employees-$0-
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
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
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 8B

“There are no committees with authority to act on behalf of the governing body.”

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

“The organization has provided copies of form 990 to all members of its governing body before filing form 990.”

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

“Each board member is provided a copy of the policy annually and it is reviewed at the annual meeting.”

Form 990, Part VI, Section C, Line 19

“The corporation will provide its governing document, conflict of interest policy and financial statements to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Civic Broad Street Corporation
EIN
46-3886327
Phone
2125717260
Address
180 VARICK STREET SUITE 1414, NEW YORK, NY 10014

Signing Officer

Name
David Umansky
Title
President
Phone
2125717260
Signed
2021-08-19
Discuss with paid preparer
Yes

Organization Details

Principal Officer
David Umansky
Formed
2013
Legal Domicile
Ri
Voting Board Members
3
Independent Board Members
3
Employees
0
Volunteers
0

Preparer

Firm
Novogradac & Company Llp
Address
1000 SW BROADWAY SUITE 1680, PORTLAND, OR 97205
Preparer
Nicolo Pinoli
Phone
5038212700
Supplemental Narrative

Additional Explanations

Form 990 Parti(1) Statement

“The corporation's primary mission is to assist not-for-profit charter school operators in the development of new school facilities by holding title to property which will be developed as new charter schools.”

Form 990, Part III, Line 3

“The organization sold the school facility to rhode island mayoral academy (sm) blackstone valley and closed the organization.”

FORM 990, PART XII, LINE 2C:

“There were no changes in the organization's audit oversight process during the year.”

Financial Statement Notes

PART XI, LINE 2D - OTHER ADJUSTMENTS:

“Book/tax deferred rent difference 45,867.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Book/tax depreciation difference 10,687. Book/tax amortization difference -1,139. Book/tax loss on sale of building 36,319.”

Raw XML AppendixShowing 400 of 431 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/Form990PartVIISectionAGrp/TitleTxt1SECRETARY & TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2VICE PRESIDENT
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IRS990ScheduleA/Form990SchASupportingOrgGrp/PaymentSubstantialContribtrInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgNotOrganizedUSInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportedOrgSectionC456Ind00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SupportNonSupportedOrgInd00
IRS990ScheduleA/Form990SchASupportingOrgGrp/SuprtOrgNoIRSDeterminationInd00
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesEngagedOrgInvlmntInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesFurtherExemptPrpsInd01
IRS990ScheduleA/Form990SchAType3FuncIntGrp/ActivitiesTestInd0X
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/OfficersCloseRelationshipInd01
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/SupportedOrgVoiceInvestmentInd00
IRS990ScheduleA/Form990SchAType3SprtOrgAllGrp/TimelyProvidedDocumentsInd01
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0THE SUPPORTED ORGANIZATION IS IDENTIFIED ON SCHEDULE A, PART I. THE ORGANIZATION HAS THE SAME MISSION AS ITS SUPPORTED ORGANIZATION BY ASSISTING NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW SCHOOL FACILITIES.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt1THE ORGANIZATION'S INVOLVEMENT WITH THE SUPPORTED ORGANIZATION IS REQUIRED BY THE NEW MARKETS TAX CREDIT PROGRAM REGULATIONS. THE SUPPORTED ORGANIZATION WOULD HAVE ENGAGED IN THE SAME ACTIVITIES IN ANOTHER MANNER IF NOT FOR THE ROLE OF THE ORGANIZATION.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0FORM 990, SCHEDULE A, PART IV, SECTION E, LINE 2A:
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc1FORM 990, SCHEDULE A, PART IV, SECTION E, LINE 2B:
IRS990ScheduleA/OtherSupportSumAmt00
IRS990ScheduleA/SupportedOrganizationsCnt01
IRS990ScheduleA/SupportedOrganizationsTotalCnt01
IRS990ScheduleA/SupportedOrgInformationGrp/EIN0043635313
IRS990ScheduleA/SupportedOrgInformationGrp/GoverningDocumentListedInd01
IRS990ScheduleA/SupportedOrgInformationGrp/OrganizationTypeCd010
IRS990ScheduleA/SupportedOrgInformationGrp/OtherSupportAmt00
IRS990ScheduleA/SupportedOrgInformationGrp/SupportAmt05608
IRS990ScheduleA/SupportedOrgInformationGrp/SupportedOrganizationName/BusinessNameLine1Txt0CIVIC BUILDERS INC
IRS990ScheduleA/SupportingOrganization509a3Ind0X
IRS990ScheduleA/SupportingOrgType3FuncIntInd0X
IRS990ScheduleA/SupportSumAmt05608
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/ExpensesNotReportedAmt045867
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt05373713
IRS990ScheduleD/OtherExpensesIncludedAmt045867
IRS990ScheduleD/OtherRevenueAmt045867
IRS990ScheduleD/RevenueNotReportedAmt045867
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05570438
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0BOOK/TAX DEFERRED RENT DIFFERENCE 45,867.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1BOOK/TAX DEPRECIATION DIFFERENCE 10,687. BOOK/TAX AMORTIZATION DIFFERENCE -1,139. BOOK/TAX LOSS ON SALE OF BUILDING 36,319.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt00
IRS990ScheduleD/TotalExpensesPerForm990Amt05373713
IRS990ScheduleD/TotalRevenuePerForm990Amt05570438
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05616305
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt05419580
IRS990ScheduleI/GrantRecordsMaintainedInd01
IRS990ScheduleI/RecipientTable/CashGrantAmt05608
IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt00
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0TO PROVIDE OPERATING SUPPORT TO CIVIC BUILDERS, INC. AND TO TRANSFER FINAL ASSETS OF CIVIC BROAD STREET CORP. TO CIVIC BUILDERS, INC.
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0CIVIC BUILDERS INC
IRS990ScheduleI/RecipientTable/RecipientEIN0043635313
IRS990ScheduleI/RecipientTable/USAddress/AddressLine1Txt0180 VARICK ST SUITE 1414
IRS990ScheduleI/RecipientTable/USAddress/CityNm0NEW YORK
IRS990ScheduleI/RecipientTable/USAddress/StateAbbreviationCd0NY
IRS990ScheduleI/RecipientTable/USAddress/ZIPCd010014
IRS990ScheduleI/Total501c3OrgCnt01
IRS990/ScheduleJRequiredInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt0CIVIC BUILDERS SUB-CDE II LLC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/NameOfInterested/BusinessName/BusinessNameLine1Txt1CIVIC BUILDERS INC
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt0A DIRECTOR IS THE CEO OF A MEMBER OF THE INTERESTED PERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/RelationshipDescriptionTxt1A DIRECTOR IS THE CEO OF THE INTERESTED PERSON
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd00
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/SharingOfRevenuesInd10
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt097178
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionAmt15608
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc0INTEREST EXPENSE
IRS990ScheduleL/BusTrInvolveInterestedPrsnGrp/TransactionDesc1GRANT EXPENSE
IRS990ScheduleN/AssetsDistributedInd01
IRS990ScheduleN/AttorneyGeneralNotifiedInd01
IRS990ScheduleN/BondsOutstandingInd00
IRS990ScheduleN/DirectorOfSuccessorInd00
IRS990ScheduleN/EmployeeOfSuccessorInd00
IRS990ScheduleN/LiabilitiesPaidInd01
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc0BUILDING
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/AssetsDistriOrExpnssPaidDesc1SETTLEMENT FEES FOR SALE OF BUILDING
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt0RHODE ISLAND MAYORAL ACADEMY (SM) BLACKSTONE VALLEY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/BusinessName/BusinessNameLine1Txt1PILGRIM TITLE INSURANCE COMPANY
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt02021-03-05
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/DistributionDt12021-03-05
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN0270617933
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/EIN1050307744
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt08244094
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/FairMarketValueOfAssetAmt138178
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt0501(C)(3)
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/IRCSectionTxt1CORPORATION
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt0CONTRACTUAL
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/MethodOfFMVDeterminationTxt1FIXED FEE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt0291 BROAD STREET
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/AddressLine1Txt1450 VETERANS MEMORIAL PARKWAY SUIT
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm0CUMBERLAND
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/CityNm1EAST PROVIDENCE
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd0RI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/StateAbbreviationCd1RI
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd002864
IRS990ScheduleN/LiquidationOfAssetsTableGrp/LiquidationOfAssetsDetail/USAddress/ZIPCd102914
IRS990ScheduleN/OwnerOfSuccessorInd00
IRS990ScheduleN/ReceiveCompensationInd00
IRS990ScheduleN/RequiredToNotifyAGInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE CORPORATION'S PRIMARY MISSION IS TO ASSIST NOT-FOR-PROFIT CHARTER SCHOOL OPERATORS IN THE DEVELOPMENT OF NEW SCHOOL FACILITIES BY HOLDING TITLE TO PROPERTY WHICH WILL BE DEVELOPED AS NEW CHARTER SCHOOLS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION SOLD THE SCHOOL FACILITY TO RHODE ISLAND MAYORAL ACADEMY (SM) BLACKSTONE VALLEY AND CLOSED THE ORGANIZATION.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THERE ARE NO COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION HAS PROVIDED COPIES OF FORM 990 TO ALL MEMBERS OF ITS GOVERNING BODY BEFORE FILING FORM 990.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4EACH BOARD MEMBER IS PROVIDED A COPY OF THE POLICY ANNUALLY AND IT IS REVIEWED AT THE ANNUAL MEETING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE CORPORATION WILL PROVIDE ITS GOVERNING DOCUMENT, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THERE WERE NO CHANGES IN THE ORGANIZATION'S AUDIT OVERSIGHT PROCESS DURING THE YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 PARTI(1) STATEMENT
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART III, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 8B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PART XII, LINE 2C:
IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd01
IRS990/SignificantNewProgramSrvcInd00
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd01
IRS990/TotalAssetsBOYAmt014218390
IRS990/TotalAssetsEOYAmt00
IRS990/TotalAssetsGrp/BOYAmt014218390
IRS990/TotalAssetsGrp/EOYAmt00
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt05373713
IRS990/TotalFunctionalExpensesGrp/TotalAmt05373713
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt014415115
IRS990/TotalLiabilitiesEOYAmt00
IRS990/TotalLiabilitiesGrp/BOYAmt014415115
IRS990/TotalLiabilitiesGrp/EOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt0-196725
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt05373713
IRS990/TotalProgramServiceRevenueAmt0143088
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt05570438
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt05570438
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt014218390
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt00
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0180 VARICK STREET SUITE 1414
IRS990/USAddress/CityNm0NEW YORK
IRS990/USAddress/StateAbbreviationCd0NY
IRS990/USAddress/ZIPCd010014
IRS990/VotingMembersGoverningBodyCnt03
IRS990/VotingMembersIndependentCnt03
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1

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