philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Civic Propertiesinc-Longfellow

New York, NYUnknown exempt organizationEIN 20-5889085

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 hold title for the school building located at 950 longfellow avenue, bronx, NY which is leased to the bronx charter school for the arts.

98¢ of each $1 spent went to programs.
Run by 11 volunteers.
Mission: Form 990 Part I, line 1 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $174K a year · 22% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
98%
of spending
Looks good: 98% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
11 mo
of spending, in cash
Looks good: 10.7 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$8.0M
212% of total assets
Concern: liabilities are 212% of assets; over 80%.
Pt X · Ln 26
Independent board members
12
of 13 voting members
Looks good: 12 of 13 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$879K
+10% vs prior year
Spent
$643K
To programs
98%
Net assets
−$4.2M
By yearFY2020–FY2024
Revenue
$879K
FY2024▲ +10%
Revenue by fiscal year
FY2020$735K
FY2021$757K
FY2022$802K
FY2023$796K
FY2024$879K
Expenses
$643K
FY2024▲ +6%
Expenses by fiscal year
FY2020$602K
FY2021$631K
FY2022$617K
FY2023$607K
FY2024$643K
Net assets
−$4.2M
FY2024▲ +3%
Net assets by fiscal year
FY2020−$4.4M
FY2021−$4.3M
FY2022−$4.3M
FY2023−$4.4M
FY2024−$4.2M

From the FY2024 Form 990 · see the original

Give Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

98 cents of each dollar spent went to programs.

Program services 98% · $631K Management & general 2% · $12K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

Who runs it and what they're paid

13 people listed on the 990.

Part VII, Section A · reportable compensation
David Umansky
President
$0Pt VII · Sec A
David Loo
Secretary & Treasurer
$0Pt VII · Sec A
Alan Sage
Director
$0Pt VII · Sec A
Khary Barnes
Director
$0Pt VII · Sec A
Ron Beit
Director
$0Pt VII · Sec A
Simone Brody
Vice President & Vice Chai
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Civic Propertiesinc-Longfellow executive salaries →

Are you one of these people? Claim this org to confirm your role

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 15aNo

Programs and updates

Holds title to school buildings for charter schools, providing real estate solutions.

Provided by the organization

This section is blank until Civic Propertiesinc-Longfellow claims this page.

Know this organization? Claim it to add your story

1 program service account for $631K of program spending, described in the organization's own filed words · FY2024.
01

Provide turn-key real estate solutions for charter schoolsexpenses were incurred in connection with the ownership, development, and leasing of the charter building located at 950 longfellow avenue, bronx, ny which is leased to the bronx charter school for the arts.

$631Kprogram expense

Run this program? Claim this org to tell your story

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$879K
Ln 12
Fees for servicesLn 2g$879K
Money outPt IX
$643K
Ln 25
Programscol B$631K
Managementcol C$12K
Owns and owesPt X
−$4.2M
net assets · Ln 32
Cash and savingsLn 1–2$572K
Total assetsLn 16$3.8M
LiabilitiesLn 26$8.0M
PeoplePt VI, VII
13
listed · VII A
PaidVII A0
Voting boardVI 1a13
IndependentVI 1b12
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$879K
Total revenueLn 12$879K
Assets in detailPt X, end of year
CashLn 1$72K
SavingsLn 2$500K
Cash and savings togetherLn 1–2$572K
Land, buildings, equipmentLn 10c$3.1M
Other assetsLn 15$62K
Total assetsLn 16$3.8M
LiabilitiesLn 26$8.0M
Net assetsLn 32−$4.2M
OperationsPt I, VI
EmployeesI 50
VolunteersI 611
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$613K$572K
Land, buildings, equipmentLn 10c$3.3M$3.1M
Total assetsLn 16$3.9M$3.8M
LiabilitiesLn 26$8.2M$8.0M
Net assetsLn 32−$4.4M−$4.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$33K$33K
Legal feesLn 11b$1K$1K
Accounting feesLn 11c$12K$12K
Other fees for servicesLn 11g$45K$45K
OccupancyLn 16$16K$16K
InterestLn 20$396K$396K
Depreciation, depletion and amortizationLn 22$130K$130K
InsuranceLn 23$10K$10K
Total functional expensesLn 25$643K$631K$12K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $879K$643K$236K−$4.2M 990 PDF
FY2023 $796K$607K$190K−$4.4M 990 PDF
FY2022 $802K$617K$185K−$4.3M 990 PDF
FY2021 $757K$631K$126K−$4.3M 990 PDF
FY2020 $735K$602K$133K−$4.4M 990 PDF

Want to add your own materials alongside these filings? Claim this org

Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $879,250 across 2 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $879,250$879,250
VIII-12 Total revenueRelated to mission $879,250 · Unrelated business $0 · Excluded from tax $0$879,250
Part IX · Statement of functional expenses $643,380 across 8 lines filed
IX-11a Management feesPrograms $33,081$33,081
IX-11b Legal feesPrograms $1,008$1,008
IX-11c Accounting feesManagement $12,420$12,420
IX-11g Other fees for servicesPrograms $44,576$44,576
IX-16 OccupancyPrograms $16,120$16,120
IX-20 InterestPrograms $396,308$396,308
IX-22 Depreciation, depletion and amortizationPrograms $129,837$129,837
IX-23 InsurancePrograms $10,030$10,030
IX-25 Total functional expensesPrograms $630,960 · Management $12,420 · Fundraising $0$643,380
Part X · Balance sheet $3,769,708 assets, 13 lines filed
X-1 Cash, non-interest-bearingStart of year $144,606$72,049
X-2 Savings and temporary cash investmentsStart of year $468,485$500,281
X-4 Accounts receivable$9,999
X-10c Land, buildings and equipment, netStart of year $3,254,764$3,124,927
X-15 Other assetsStart of year $10,229$62,452
X-16 Total assetsStart of year $3,887,203$3,769,708
X-17 Accounts payable and accrued expensesStart of year $32,651$31,684
X-24 Unsecured notes and loans payable$248,731
X-25 Other liabilitiesStart of year $358,093$389,890
X-26 Total liabilitiesStart of year $8,238,538$7,975,173
X-27 Net assets without donor restrictionsStart of year −$4,351,335−$4,205,465
X-32 Total net assets or fund balancesStart of year −$4,351,335−$4,205,465
X-33 Total liabilities and net assetsStart of year $3,887,203$3,769,708
Part XI · Reconciliation of net assets −$4,205,465 net assets at year end
XI-1 Total revenue$879,250
XI-2 Total expenses$643,380
XI-3 Revenue less expenses$235,870
XI-4 Net assets at start of year−$4,351,335
XI-9 Other changes in net assets−$90,000
XI-10 Net assets at end of year−$4,205,465

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

Export with similar orgs (CSV)
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.
Keep this kind of thing free
Keep public charity data easy to read.

Free to the public, because obviously. Like this? Pay it forward. Don't like this? Help us get better.

Card, Apple Pay or Google Pay through Stripe. One time.

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.