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CIVIC EAST 156TH STREET CORPORATION
NEW YORK, NY · EIN 813041566 · Form 990 · FY2024 · NTEE L20 · Housing & Shelter · Medium ($1M-$10M)
revenue
$1.3M
expenses
$1.1M
net assets
$483K
employees
0
volunteers
12
program ratio
98%
mission · from form 990

THE CORPORATION WAS FORMED AS A 501(C)(3) ORGANIZATION FOR THE PURPOSE OF FURTHERING THE CHARITABLE PURPOSES OF CIVIC BUILDERS, INC., A 501(C)(3) ORGANIZATION THAT PROVIDES 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. CONSTRUCTION WAS COMPLETED AND THE CHARTER SCHOOL SUBTENANT TOOK OCCUPANCY 2020.

profile · synthesized from sources

CIVIC EAST 156TH STREET CORPORATION is a nonprofit organization based in New York that supports charter school facilities through real estate financing and leasing. It was established to further the mission of Civic Builders, Inc. by securing and managing a charter school property at 600 East 156th Street in the Bronx. The building was completed and occupied by a charter school tenant in 2020.

named programs · 1 · from sources

What they call their work

Facility Leasing and Subleasing
Acquires, finances, and leases charter school facilities; specifically manages the charter school condo unit at 600 East 156th Street in the Bronx
activities · 1 group

What they do

  • Charter School Facilities Support 1 activity
    • Development and leasing of charter school facilities
      Secured financing, made an investment, and completed construction of a charter school condo unit at 600 East 156th Street in the Bronx, NY, which was occupied by a charter school subtenant in 2020.
financials · form 990 · fy2024
revenue
Total revenue$1.27M
Contributions & grants$00%
Program service revenue$1.27M100%
Investment income$00%
Other revenue$0
expenses
Total expenses$1.06M
Program expenses98%
Admin / overhead2%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$13.64M
Cash$761K
Investments$0
Liabilities$13.16M
Net assets$483K
Liquid reserves8.6 mo
5 years on record · 2020–2024 · YoY revenue 0.0%
leadership · form 990 part vii · fy2024

Who runs it

paid leadership · 1
NameTitleHours/wkCompensation
DAVID UMANSKY PRESIDENT 1 $560K
board members · 12
  • ALAN SAGE — DIRECTOR
  • DAVID LOO — VICE-CHAIR & TREASURER
  • GENGER CHARLES — DIRECTOR
  • KAHENA JOUBERT — DIRECTOR
  • KEITH RAND — DIRECTOR
  • KHARY BARNES — SECRETARY
  • PAUL WASSERMAN — DIRECTOR
  • RON BEIT — DIRECTOR
  • SHERMAN WHITES — DIRECTOR
  • SIMONE BRODY — CHAIRPERSON
  • SUSIE MILLER CARELLO — DIRECTOR
  • VIPUL TANDON — DIRECTOR
relationships · 1

Who they work with

  • CIVIC BUILDERS, INC. Partner — Partner organization whose charitable purposes are furthered through the activities of CIVIC EAST 156TH STREET CORPORATION.