Crescentcare Holdings Inc
- Assets
- $15.9m
- Revenue
- $277.3k
- Investments
- $0.0
- Employees
- 0
- Location
- New Orleans, LA
- Founding
- 08/2017
- Data as of
- 06/2022
- 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 06/2022, Crescentcare Holdings Inc generated $277.3k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (24.2%) each year. All expenses for the organization totaled $1.6m during the year ending 06/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO CONSTRUCT AND HOLD REAL ESTATE IN A LOW-INCOME COMMUNITY AS PART OF THE NEW MARKETS TAX CREDIT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
CRESCENTCARE HOLDINGS, INC. (HOLDINGS) WAS FORMED BY THE ORGANIZATION AS A SEPARATE 501(C)(3) ENTITY IN ORDER TO FACILITATE THE CONSTRUCTION OF A NEW 65,000 SQUARE FOOT FACILITY AT 1631 ELYSIAN FIELDS IN NEW ORLEANS THAT OPENED IN DECEMBER 2018 TO SERVE AS THE HEADQUARTERS AND CLINIC OPERATIONS OF CRESCENTCARE.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Noel Twilbeck CEO | Officer | 1 | $0 |
Sergio Farfan Treasurer | OfficerTrustee | 1 | $0 |
Dorian Gray-Alexander Secretary | OfficerTrustee | 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 | $277,313 |
| Investment income | $11 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $277,324 |
| 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 | $11,092 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $8,550 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $37,500 |
| Advertising and promotion | $0 |
| Office expenses | $1,081 |
| Information technology | $5,910 |
| 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 | $225,447 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,239,468 |
| Insurance | $70,510 |
| All other expenses | $0 |
| Total functional expenses | $1,599,558 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $203,098 |
| Savings and temporary cash investments | $69,064 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $16,864 |
| 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 | $1,409 |
| Net Land, buildings, and equipment | $15,608,068 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $15,898,503 |
| Accounts payable and accrued expenses | $206,663 |
| 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 | $19,938,836 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $20,145,499 |
| Net assets without donor restrictions | -$4,246,996 |
| 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 | $15,898,503 |