Crescentcare Holdings Inc
- Assets
- $17.1m
- Revenue
- $277.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 08/2017
- Data as of
- 06/2021
- EIN
- 82-1082057
Organization Overview
Crescentcare Holdings Inc is located in New Orleans, LA. The organization was established in 2017. According to its NTEE Classification (E19) the organization is classified as: Support N.E.C., under the broad grouping of Health Care and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Crescentcare Holdings Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Crescentcare Holdings Inc generated $277.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 4 years, the organization has seen revenues fall by an average of (29.3%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONSTRUCT AND HOLD REAL ESTATE IN A LOW-INCOME COMMUNITY AS PART OF THE NEW MARKETS TAX CREDIT PROGRAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO FACILITATE THE CONSTRUCTION OF A NEW 65,000 SQUARE FOOT FACILITY AT 1631 ELYSIAN FIELDS IN NEW ORLEANS. THE FACILITY OPENED IN DECEMBER 2018 AND SERVES AS THE HEADQUARTERS AND ONE OF THE CLINICAL OPERATIONS OF CRESCENTCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dorian Gray-Alexander Secretary | OfficerTrustee | 0.5 | $0 |
Sergio Farfan Treasurer | OfficerTrustee | 0.5 | $0 |
Noel Twilbeck CEO | Officer | 1 | $0 |
Jenny Jones Trustee | Trustee | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Donahue Favret Contractors Inc General Contractor | 12/30/17 | $1,515,163 |
Gulf Coast Housing Partnership Llc Project Management | 12/30/17 | $570,911 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $29 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $277,313 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $277,342 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $44,789 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $13,360 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $82 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $204,600 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,260,315 |
| Insurance | $61,826 |
| All other expenses | $0 |
| Total functional expenses | $1,584,972 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $99,675 |
| Savings and temporary cash investments | $87,602 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $81,576 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $11,269 |
| Net Land, buildings, and equipment | $16,847,536 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $17,127,658 |
| Accounts payable and accrued expenses | $134,431 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $19,917,989 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,052,420 |
| Net assets without donor restrictions | -$2,924,762 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $17,127,658 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Crescentcare Holdings Inc has recieved totaling $642,225.
| Awarding Organization | Amount |
|---|---|
Direct Relief Santa Barbara, CA PURPOSE: POWER FOR HEALTH-LA, MS | $642,200 |
Verizon Foundation Basking Ridge, NJ PURPOSE: MIP PAYOUT FOR 06/21/21 | $25 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Physician Associates Of Southwest Dallas Dallas, TX | $2,716,484 | $11,709,219 |
Methodist Patient Centered Aco Dallas, TX | $1,181,995 | $6,532,302 |
Cook Childrens Health Enterprises Fort Worth, TX | $6,566,964 | $6,620,654 |
Dallas Development Fund Dallas, TX | $6,293,260 | $6,735,720 |
St Lukes Sugar Land Properties Corporation Houston, TX | $99,661,908 | $127,637 |
Oneshare International Irving, TX | $7,405,964 | $7,020,317 |
Crescentcare Holdings Inc New Orleans, LA | $17,127,658 | $277,342 |
Lafayette General Foundation Inc Lafayette, LA | $15,401,276 | $4,645,711 |
Foundation For Education & Research In Vision Inc Houston, TX | $10,023,691 | $1,315,802 |
Nohc Inc New Orleans, LA | $4,353,405 | $535,211 |
Texas Medical Center Venture Fund Houston, TX | $28,801,322 | $1,210,068 |
Biloxi Regional Medical Center Inc Biloxi, MS | $42,956 | $241,409 |