Crescentcare Holdings Inc

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.

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)Compensation
Dorian Gray-Alexander
Secretary
$0
Sergio Farfan
Treasurer
$0
Noel Twilbeck
CEO
$0
Jenny Jones
Trustee
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Gulf Coast Housing Partnership Llc
Project Management
$570,911
Donahue Favret Contractors Inc
General Contractor
$1,515,163
View All Vendors

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

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Crescentcare Holdings Inc has recieved totaling $642,225.

Awarding OrganizationAmount
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
View Grant Recipient Profile

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