Crc Real Estate Corporation
- Assets
- $87.0m
- Revenue
- $7.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Orange, CA
- Founding
- 10/1994
- Data as of
- 06/2020
- EIN
- 33-0612565
Organization Overview
Crc Real Estate Corporation is located in Orange, CA. The organization was established in 1994. According to its NTEE Classification (E11) the organization is classified as: Single Organization Support, 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. Crc Real Estate Corporation 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 06/2020, Crc Real Estate Corporation generated $7.5m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (14.3%) each year. All expenses for the organization totaled $6.5m during the year ending 06/2020. 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
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO HOLD, MAINTAIN AND OPERATE COMMERCIAL MEDICAL OFFICE BUILDINGS NEAR THE PRINCIPAL OFFICES OF CHILDREN'S HEALTHCARE OF CALIFORNIA (CHC) AND ITS AFFILIATES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE THREE COMMERCIAL OFFICE BUILDINGS OWNED BY CRC HOUSE HOSPITAL ADMINISTRATIVE FUNCTIONS INCLUDING FINANCE, HUMAN RESOURCES, QUALITY, BUSINESS OFFICE AND INFORMATION SYSTEMS DEPARTMENTS. THEY ALSO HOUSE SOME CLINICAL OPERATIONS AS WELL AS PHYSICIAN PRACTICES THAT SUPPORT CHILDREN'S HOSPITAL OF ORANGE COUNTY.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Kimberly C Cripe President/ceo | OfficerTrustee | 0.5 | $0 |
Marshall Rowen MD Director/chair | OfficerTrustee | 1 | $0 |
Janet T Davidson Director/vice Chair | OfficerTrustee | 0.5 | $0 |
Matthew Gerlach Evp/coo (to 12/20) | Officer | 0.5 | $0 |
Kerri Ruppert Schiller Evp/cfo/assistant Secretary | Officer | 4 | $0 |
Jay Gabriel Chief Legal Officer/secretary | Officer | 0.5 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Kprs Construction Services Construction | 6/29/21 | $5,866,250 |
Southern California Edison Electricity | 6/29/21 | $964,805 |
Pacific Coast Commercial Prop Mgmt, Payroll | 6/29/21 | $838,702 |
Abm Industry Groups Janitorial Services | 6/29/21 | $520,523 |
Schindler Elevator Corp Elevator Services | 6/29/21 | $463,150 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Investment income | $5,191 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $663,977 |
| 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 | $7,462,754 |
| Statement of Expenses | |
|---|---|
| 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 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 | $1,228,183 |
| Fees for services: Legal | $7,137 |
| Fees for services: Accounting | $320 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $409,799 |
| Advertising and promotion | $0 |
| Office expenses | $22,226 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,583,760 |
| Travel | $201 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $641,750 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,195,711 |
| Insurance | $49,867 |
| All other expenses | $0 |
| Total functional expenses | $6,518,508 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $3,441,740 |
| Savings and temporary cash investments | $1,999,802 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $86,271 |
| 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 | $76,750 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,101,223 |
| Total assets | $86,971,334 |
| Accounts payable and accrued expenses | $1,179,873 |
| Grants payable | $0 |
| Deferred revenue | $121,711 |
| 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 | $28,344,200 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $29,645,784 |
| Net assets without donor restrictions | $0 |
| 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 |
| Total liabilities and net assets/fund balances | $57,325,550 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Southern Calif Glaziers H&w Tr Fund Covina, CA | $29,114,155 | $20,946,347 |
Banner Health Foundation Phoenix, AZ | $138,766,928 | $27,502,678 |
Abc California Health Trust San Diego, CA | $8,208,446 | $18,293,053 |
Montage Health Foundation Monterey, CA | $246,774,163 | $32,937,422 |
Sun Health Foundation Sun City West, AZ | $41,548,364 | $9,339,372 |
Providence St Vincent Medical Foundation Portland, OR | $302,625,014 | $42,114,354 |
Providence Portland Medical Foundation Portland, OR | $219,001,384 | $22,077,699 |
John Muir Foundation Walnut Creek, CA | $65,372,142 | $20,131,142 |
Gallo Union Health Trust Modesto, CA | $21,480,077 | $14,963,749 |
Redwood Community Health Network Petaluma, CA | $4,126,775 | $12,982,178 |
Kuakini Foundation Honolulu, HI | $15,169,850 | $4,896,720 |
Martin Luther King Jr Community Health Foundation Los Angeles, CA | $43,323,066 | $8,250,886 |