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CIVIC BUILDERS PROPERTY HOLDING CORP
NEW YORK, NY · EIN 208642238 · Form 990 · FY2024 · NTEE S47 · Community Improvement · Small ($100K-$1M)
revenue
$674K
expenses
$741K
net assets
$193K
employees
0
program ratio
98%
mission · from form 990

THE CORPORATION WAS FORMED AS A 501(C)(2) 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 LEASE THE BUILDING AT 207 WEST 133RD STREET, NEW YORK, NY AND IN-TURN SUBLEASE IT TO THE DEMOCRACY PREPARATORY CHARTER SCHOOL.

profile · synthesized from sources

Civic Builders Property Holding Corp is a 501(c)(2) organization established to support the charitable mission of Civic Builders, Inc., a 501(c)(3) that provides real estate solutions for charter schools. The corporation specifically holds the lease for a building at 207 West 133rd Street in New York, NY, and subleases it to Democracy Preparatory Charter School. Its activities are focused on facilitating charter school facility access through property management.

named programs · 1 · from sources

What they call their work

Facility Sublease Program
Holds master lease and subleases educational facilities to charter schools, enabling stable, long-term occupancy for schools serving underserved communities.
activities · 1 group

What they do

  • Charter School Facilities Support 1 activity
    • Leasing and subleasing buildings to charter schools
      Leases properties and subleases them to charter schools, such as Democracy Preparatory Charter School at 207 West 133rd Street in New York, NY, to further the charitable mission of Civic Builders, Inc.
financials · form 990 · fy2024
revenue
Total revenue$674K
Contributions & grants$00%
Program service revenue$674K100%
Investment income$00%
Other revenue$0
expenses
Total expenses$741K
Program expenses98%
Admin / overhead2%
Fundraising0%
Salaries & benefits$0
Grants paid out$0
Largest expense lineFacilities
balance sheet
Total assets$4.02M
Cash$344K
Investments$301K
Liabilities$3.82M
Net assets$193K
Liquid reserves10.4 mo
4 years on record · 2020–2024 · YoY revenue -0.3%
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 — SECRETARY & TREASURER
  • GENGER CHARLES — DIRECTOR
  • KAHENA JOUBERT — DIRECTOR
  • KEITH RAND — DIRECTOR
  • KHARY BARNES — DIRECTOR
  • PAUL WASSERMAN — DIRECTOR
  • RON BEIT — DIRECTOR
  • SHERMAN WHITES — DIRECTOR
  • SIMONE BRODY — VICE PRESIDENT & VICE-CHAI
  • SUSIE MILLER CARELLO — DIRECTOR
  • VIPUL TANDON — DIRECTOR
relationships · 2

Who they work with

  • CIVIC BUILDERS, INC. Partner — Primary affiliated organization whose charitable purposes are furthered through property holding and leasing activities.
  • Democracy Preparatory Charter School Partner — Subtenant of the property at 207 West 133rd Street, New York, NY.
strategies · 1

How they approach the work

Named approaches extracted from this org’s sources. Where others share an approach, follow it to see the full set of orgs running it.

  • Real Estate Holding Structure
    methodology: real_estate_holding_structure
    By using a 501(c)(2) entity to own and lease property, the organization enables its 501(c)(3) partners to focus on mission delivery, separating programmatic work from asset management for greater operational efficiency and compliance alignment.