Public Charity

CIVIC 411 WALES CORPORATION

Based in NEW YORK, NY, CIVIC 411 WALES CORPORATION operates as a Public Charity. The organization reported $2.8M in revenue, $3.7M in expenses, $42.0M in total assets for fiscal year 2024.

EIN: 822312084 NEW YORK, NY Low-Income & Subsidized Rental Housing NTEE: L21 Latest filing: 2024
Total Revenue$2.8M
Total Expenses$3.7M
Total Assets$42.0M
Grant Records0
Filing Years2020–2024

Mission

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.

Where $100 goes at Civic 411 Wales Corporation

How Civic 411 Wales Corporation divides every $100 it spends, from its own Form 990 filings, averaged across 7 years.

$98 Programs the work itself
$2 Management running the organization
$0 Fundraising none reported

No fundraising costs are reported. That often means fundraising runs through a separate affiliated organization that files its own return.

Inside the $98 for programs

$98
Provide turn-key real estate solutions for charter schoolsexpenses were incurred in connection with developing, financing, leasing, and subleasing a charter school building located at 411 wales avenue, bronx…
All program spending
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Source: Form 990 filings with the IRS, latest fiscal year 2024. Shares are from the organization's reported expenses. Data by Imperigo; not affiliated with the IRS.

Officers & Directors

DIRECTOR Alan Sage
VICE CHAIR & TREASURER David Loo
PRESIDENT David Umansky
DIRECTOR Genger Charles
DIRECTOR Kahena Joubert
DIRECTOR Keith Rand

Officer compensation and complete director data available with membership.

Financial Trends

Year Revenue Expenses Assets
2024 $2.8M $3.7M $42.0M
2023 $3.3M $3.6M $43.0M
2022 $3.9M $3.6M $43.3M
2021 $2.2M $3.1M $26.5M
2020 $2.1M $3.1M $27.5M

Between 2020 and 2024, reported annual revenue grew from $2.1M to $2.8M (+30%), with total assets most recently reported at $42.0M.

Interactive year-over-year charts and full filing details available with membership.

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