Civic Builders INC: FY2020 Nonprofit Profile & Form 990 (EIN 04-3635313)

David Umansky’s $512K as CEO is at the 95th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

Name	FY2024	FY2023	FY2022	FY2021	FY2020
David Umansky	$511,977	$510,684	$543,355	$523,230	$507,000
Shannon Kete	—	—	—	$276,433	$328,469
Kathryn McHugh	$292,608	—	—	—	—
Ryan Alexander	—	—	$246,938	$218,151	$281,501
Ellen McBurney	$271,556	$236,421	$193,756	—	—
Frank Buccola	—	$237,201	$238,525	$262,996	$196,970
Yvonne Soto	$251,554	$226,748	—	—	—
Angela Guerrero	—	—	$236,292	$209,233	$177,908

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

Family or business ties among officersPt VI · Ln 2No
Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops school facilities and provides loans to charter schools serving under-resourced communities across the United States.

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1 program · $6.9M · in their own filed words · FY2020

01

In 2020, civic began or continued construction on 2 projects that will create 93,813 square feet for 975 charter school students in new york CITY.BEGINNING in 2018, civic partnered with a foundation and a bank to launch a national lending program called the facilities investment fund.

$6.9Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid

Grants received · FY2024

Civic New Markets Support Corporation IFY2024$520K

Peter and Carmen Lucia Buck Foundation INCFY2024$200K

Fidelity Investments Charitable Gift FundFY2024$68K

Clark FoundationFY2024$50K

Gray FoundationFY2024$50K

Hyde and Watson FoundationFY2024$10K

Total grants receivedfrom 6 funders$898K

See all 6 funders →

Grants paid · 19 grants · $1.6M · 2020–2024

Civic New Markets Support Corporation IIINY · FY2024$421,776

Civic New Markets Support Corporation IINY · FY2024$50,000

Harlem Children's Zone INCNY · FY2024$15,000

Civic New Markets Support Corporation IVNY · FY2024$15,000

Civic New Markets Support Corporation IIINY · FY2023$415,000

Civic New Markets Support Corporation IVNY · FY2023$121,000

Civic New Markets Support Corporation IINY · FY2023$50,000

Harlem Children's Zone INCNY · FY2023$10,000

Civic New Markets Support Corporation IIINY · FY2022$400,000

Civic New Markets Support Corporation IINY · FY2022$9,085

Civic New Markets Support Corporation IINY · FY2021$8,557

Civic New Markets Support Corporation INY · FY2021$8,000

Civic New Markets Support Corporation INY · FY2020$65,844

Civic New Markets Support Corporation IINY · FY2020$8,413

Rhode Island Mayoral Academy (sm) Blackstone ValleyRI · FY2020$3,000

University at AlbanyFY2020$3,000

Village Academies Network INCNY · FY2020$3,000

Leaders in Our Neighborhood Charter SchoolNY · FY2020$3,000

See all 19 grants →

By the numbers

The FY2020 990, line by line.

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from philanthropy.org

1The main four

Money inPt VIII

$9.4M

Ln 12

Fees for servicesLn 2g$4.8M

Other incomeLn 4–11$1.9M

Gifts and grantsLn 1h$1.8M

Money outPt IX

$8.4M

Ln 25

Programscol B$6.9M

Managementcol C$1.2M

Fundraisingcol D$291K

Owns and owesPt X

$47.4M

net assets · Ln 32

Cash and savingsLn 1–2$8.3M

Total assetsLn 16$58.4M

LiabilitiesLn 26$11.0M

PeoplePt VI, VII

18

listed · VII A

PaidVII A7

Voting boardVI 1a12

IndependentVI 1b11

2In more detail

Revenue in detailPt VIII

Gifts and grantsLn 1h$1.8M

Fees for servicesLn 2g$4.8M

Investment incomeLn 3$860K

Other incomeLn 4–11$1.9M

Gains on assetsLn 7$67

Total revenueLn 12$9.4M

Assets in detailPt X, end of year

CashLn 1$6.5M

SavingsLn 2$1.7M

Cash and savings togetherLn 1–2$8.3M

InvestmentsLn 11–13$19.8M

Land, buildings, equipmentLn 10c$8.8M

Other assetsLn 15$1.1M

Total assetsLn 16$58.4M

LiabilitiesLn 26$11.0M

Net assetsLn 32$47.4M

OperationsPt I, VI

EmployeesI 534

VolunteersI 612

Fiscal year endsHeaderDecember

Conflict-of-interest policyVI 12aYes

Whistleblower policyVI 13Yes

Records policyVI 14Yes

3Year over year

Balance sheet, start vs end of yearPt X · col A, B

Line	Start FY20	End FY20
Cash and savingsLn 1–2	$5.7M	$8.3M
InvestmentsLn 11–13	$24.3M	$19.8M
Land, buildings, equipmentLn 10c	$4.0M	$8.8M
Total assetsLn 16	$52.0M	$58.4M
LiabilitiesLn 26	$9.2M	$11.0M
Net assetsLn 32	$42.8M	$47.4M

4Every line

Statement of functional expensesPt IX · every line

Line	Total	Programs	Management	Fundraising
Grants to domestic organizationsLn 1	$89K	$89K
Pay of current officers, directors and key staffLn 5	$1.3M	$913K	$276K	$81K
Other salaries and wagesLn 7	$2.3M	$1.7M	$427K	$132K
Pension plan contributionsLn 8	$89K	$66K	$17K	$6K
Other employee benefitsLn 9	$97K	$73K	$14K	$10K
Payroll taxesLn 10	$218K	$162K	$43K	$13K
Other fees for servicesLn 11g	$1.3M	$1.1M	$216K
Advertising and promotionLn 12	$24K	$17K		$7K
Office expensesLn 13	$196K	$140K	$45K	$11K
OccupancyLn 16	$2.0M	$1.9M	$92K	$29K
TravelLn 17	$29K	$24K	$4K	$1K
InterestLn 20	$356K	$356K
Depreciation, depletion and amortizationLn 22	$221K	$199K	$22K
InsuranceLn 23	$144K	$122K	$21K
Other expenses (24a–d)Ln 24	$127K	$127K
Total functional expensesLn 25	$8.4M	$6.9M	$1.2M	$291K

Filing history

Year	Money in	Money out	In minus out	Net assets	Download
FY2024 Latest	$14.3M	$12.0M	$2.4M	$65.5M	990 PDF
FY2023	$12.2M	$11.8M	$451K	$63.3M	990 PDF
FY2022	$10.6M	$10.1M	$423K	$62.2M	990 PDF
FY2021	$21.8M	$8.6M	$13.1M	$60.4M	990 PDF
FY2020 Viewing	$9.4M	$8.4M	$1.0M	$47.4M	990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support J · Pay O · Explanations

See the full FY2020 990 (6 parts)

Part I · Summary $9,431,051 revenue, 12 lines filed

I-8 Contributions and grantsPrior year $1,867,180$1,836,149

I-9 Program service revenuePrior year $5,158,661$4,785,215

I-10 Investment incomePrior year $1,053,393$859,687

I-11 Other revenuePrior year $1,600,000$1,950,000

I-12 Total revenuePrior year $9,679,234$9,431,051

I-13 Grants and similar amounts paidPrior year $31,040$89,407

I-14 Benefits paid to membersPrior year $0$0

I-15 Salaries and benefitsPrior year $3,575,305$3,958,154

I-16a Professional fundraising feesPrior year $0$0

I-17 Other expensesPrior year $5,052,048$4,351,840

I-18 Total expensesPrior year $8,658,393$8,399,401

I-19 Revenue less expensesPrior year $1,020,841$1,031,650

Part VI · Governance 11 of 12 board members independent, no flags

VI-1a Voting members of the governing body12

VI-1b Independent voting members11

VI-2 Family or business relationship among officers or directorsNo

VI-12a Written conflict of interest policyYes

VI-13 Written whistleblower policyYes

VI-14 Document retention and destruction policyYes

VI-15a Process for setting top official's payYes

Part VIII · Statement of revenue $9,431,051 across 7 lines filed

VIII-1f All other contributions, gifts and grants$1,836,149

VIII-1h Total contributions, gifts and grants$1,836,149

VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $4,785,215$4,785,215

VIII-3 Investment incomeExcluded from tax $859,620$859,620

VIII-7 Net gain or loss on sales of assetsExcluded from tax $67$67

VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,950,000$1,950,000

VIII-12 Total revenueRelated to mission $4,785,215 · Unrelated business $0 · Excluded from tax $2,809,687$9,431,051

Part IX · Statement of functional expenses $8,399,401 across 15 lines filed

IX-1 Grants to domestic organizationsPrograms $89,407$89,407

IX-5 Pay of current officers, directors and key staffPrograms $912,649 · Management $275,831 · Fundraising $80,927$1,269,407

IX-7 Other salaries and wagesPrograms $1,724,990 · Management $427,489 · Fundraising $132,019$2,284,498

IX-8 Pension plan contributionsPrograms $66,306 · Management $16,715 · Fundraising $5,807$88,828

IX-9 Other employee benefitsPrograms $72,918 · Management $14,165 · Fundraising $10,013$97,096

IX-10 Payroll taxesPrograms $162,109 · Management $42,861 · Fundraising $13,355$218,325

IX-11g Other fees for servicesPrograms $1,053,897 · Management $216,215$1,270,112

IX-12 Advertising and promotionPrograms $17,139 · Fundraising $7,133$24,272

IX-13 Office expensesPrograms $139,558 · Management $45,343 · Fundraising $11,497$196,398

IX-16 OccupancyPrograms $1,863,665 · Management $92,478 · Fundraising $28,815$1,984,958

IX-17 TravelPrograms $24,056 · Management $3,529 · Fundraising $1,100$28,685

IX-20 InterestPrograms $355,651$355,651

IX-22 Depreciation, depletion and amortizationPrograms $199,105 · Management $21,754$220,859

IX-23 InsurancePrograms $122,074 · Management $21,484$143,558

IX-24 Other expenses (24a–d)Programs $127,347$127,347

IX-25 Total functional expensesPrograms $6,930,871 · Management $1,177,864 · Fundraising $290,666$8,399,401

Part X · Balance sheet $58,441,196 assets, 17 lines filed

Asset lines not itemized here account for $16,852,832; see the IRS return.

X-1 Cash, non-interest-bearingStart of year $1,094,652$6,543,955

X-2 Savings and temporary cash investmentsStart of year $4,575,441$1,732,548

X-3 Pledges and grants receivableStart of year $50,500$1,044,578

X-4 Accounts receivableStart of year $1,358,136$2,375,502

X-9 Prepaid expenses and deferred chargesStart of year $111,027$195,297

X-10c Land, buildings and equipment, netStart of year $3,961,600$8,803,061

X-11 Publicly traded securitiesStart of year $15,564,108$12,534,539

X-13 Program-related investmentsStart of year $8,687,592$7,283,479

X-15 Other assetsStart of year $1,535,454$1,075,405

X-16 Total assetsStart of year $52,014,527$58,441,196

X-17 Accounts payable and accrued expensesStart of year $115,801$194,913

X-25 Other liabilitiesStart of year $1,308,730$1,936,058

X-26 Total liabilitiesStart of year $9,177,186$11,017,808

X-27 Net assets without donor restrictionsStart of year $32,917,300$37,447,682

X-28 Net assets with donor restrictionsStart of year $9,920,041$9,975,706

X-32 Total net assets or fund balancesStart of year $42,837,341$47,423,388

X-33 Total liabilities and net assetsStart of year $52,014,527$58,441,196

Part XI · Reconciliation of net assets $47,423,388 net assets at year end

XI-1 Total revenue$9,431,051

XI-2 Total expenses$8,399,401

XI-3 Revenue less expenses$1,031,650

XI-4 Net assets at start of year$42,837,341

XI-5 Net unrealized gains (losses) on investments−$2,006

XI-9 Other changes in net assets$3,556,403

XI-10 Net assets at end of year$47,423,388

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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Civic Builders INC FY2020 filing

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