CIVIC 411 WALES CORPORATION Charity Report

Public IRS 990 nonprofit record

CIVIC 411 WALES CORPORATION

EIN 82-2312084 · Low-Income & Subsidized Rental Housing (L21)

What they do

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, RENOVATE, and SUBLEASE A CHARTER SCHOOL BUILDING LOCATED AT 411 WALES AVENUE, BRONX, NY. RENOVATION WAS COMPLETED and THE CHARTER SCHOOL SUBTENANTS TOOK OCCUPANCY IN AUGUST 2019.

Before you give

Should I give to this charity?

Easy charity check

Look at where the money went

Of every $100 spent, about $98.80 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders13 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

133.86%of revenue went to mission work98.8% of expenses · Program services

$135.50spent for every $100 of revenueSpending was higher than revenue this year.

1.64%of revenue went to management and office costs1.2% of expenses

$11.25in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

Who did you help? Ask for a recent story or report that shows real results.
What will my money do? Ask exactly what your gift will pay for.
Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $979,133 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $47,701 for DAVID UMANSKY (PRESIDENT). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

$100revenue

How each $100 of revenue was used

The large number compares each expense with revenue. The smaller number shows its share of total expenses.

Total reported revenue$2,758,111

Mission workProgram services$3,691,916133.86% of revenue98.8% of expenses

ManagementOffice and general costs$45,3281.64% of revenue1.2% of expenses

FundraisingAsking for donations0.00% of revenue0.0% of expenses

Total expenses$3,737,244135.50% of revenue

Expenses were greater than revenue, so the colored ring fills the available $100 and the total above 100% is shown below.

Has the pattern changed?

Colored bars = expense mix: how each year’s expenses were divided. Total expenses vs. revenue shows whether the charity spent less or more than it received. The current filing is first.

YearExpense mixDetails

2024CurrentExpense mix: 98.8% mission · 1.2% management · 0.0% fundraisingTotal expenses: 135.50% of revenue

2023Expense mix: 98.5% mission · 1.5% management · 0.0% fundraisingTotal expenses: 109.54% of revenue

2022Expense mix: 98.8% mission · 1.2% management · 0.0% fundraisingTotal expenses: 92.05% of revenue

2021Expense mix: 98.5% mission · 1.5% management · 0.0% fundraisingTotal expenses: 140.31% of revenue

2020Expense mix: 98.1% mission · 1.9% management · 0.0% fundraisingTotal expenses: 144.63% of revenue

2019Expense mix: 97.1% mission · 2.9% management · 0.0% fundraisingTotal expenses: 138.31% of revenue

2018Expense mix: 85.0% mission · 15.0% management · 0.0% fundraisingTotal expenses: 63.04% of revenue

Money in and money out

Revenue$2,758,111

Expenses$3,737,244

Annual shortfall $979,133 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$3,691,916 · 98.8% of expenses

Management and office costs$45,328 · 1.2% of expenses

See all reported dollar amounts

Revenue$2,758,111

Expenses$3,737,244

Assets$42,030,115

Income$2,758,111

Mission work (program services)$3,691,916

Management and general$45,328

Accounting fees$45,328

People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation

DAVID UMANSKYPRESIDENT · 1 hrs/week $47,701Base · Other $47,701

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (13)

DAVID UMANSKYPRESIDENT

ALAN SAGEDIRECTOR

DAVID LOOVICE CHAIR & TREASURER

GENGER CHARLESDIRECTOR

KAHENA JOUBERTDIRECTOR

KEITH RANDDIRECTOR

KHARY BARNESSECRETARY

PAUL WASSERMANDIRECTOR

RON BEITDIRECTOR

SHERMAN WHITESDIRECTOR

SIMONE BRODYCHAIRPERSON

SUSIE MILLER CARELLODIRECTOR

VIPUL TANDONDIRECTOR

About this charity

Recognized since: January 2018
Location: 180 VARICK ST RM 1414, NEW YORK, NY 10014-5872
County: New York
In care of: DAVID UMANSKY
Primary officer: DAVID UMANSKY, PRESIDENT

How to reach them

WebsiteVisit the charity’s website Emailinfo@civicbuilders.org Phone(212) 571-7260

Filing and classification

Latest tax year: 2024
Tax period began: January 1, 2024
Return type: 990
Tax preparer: MITCHELL & TITUS LLP
NTEE classification: Low-Income & Subsidized Rental Housing (L21)
IRS tax category: Low-Income & Subsidized Rental Housing