Overview
What is Crescentcare Holdings Inc?
Crescentcare Holdings Inc is a 501(c)(3) nonprofit organization established to facilitate the construction of a new 65,000-square-foot facility in New Orleans, Louisiana. This facility, which opened in December 2018, serves as the headquarters and clinic operations for Crescentcare. The nonprofit's mission aligns with the New Markets Tax Credit program, aiming to invest in real estate developments within low-income communities. Crescentcare Holdings Inc contributes to improving infrastructure in these areas, thereby promoting community development.
Is Crescentcare Holdings Inc legitimate?
Crescentcare Holdings Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crescentcare Holdings Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
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What is the mission statement of Crescentcare Holdings Inc?
Crescentcare Holdings Inc, as a separate entity formed under the umbrella of a larger organization, is dedicated to contributing to a low-income community through real estate development. This is accomplished by participating in the New Markets Tax Credit program. Specifically, the organization constructs and holds real estate properties in these communities, with the aim of promoting economic growth and improving living conditions in these areas. For instance, Crescentcare Holdings Inc has built a 65,000 square foot facility to serve as a headquarters and clinic operations center, which opened in December 2018.
Who is the CEO of Crescentcare Holdings Inc?
Alice Riener is the Principal Officer of Crescentcare Holdings Inc. The CEO's salary of Crescentcare Holdings Inc is $0 and their total compensation is $225,402.
What is the revenue of Crescentcare Holdings Inc?
Crescentcare Holdings Inc's revenue in 2022 was $277,324.
Who are the executives of Crescentcare Holdings Inc and what are their salaries?
There 3 volunteers at Crescentcare Holdings Inc.
Here are 4 key members and their salaries (Crescentcare Holdings Inc's CEO's salary is $0 and their total compensation is $225,402):
- Compensation: $0
- Related: $199,998
- Other: $25,404
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990 for Crescentcare Holdings Inc?
Crescentcare Holdings Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Crescentcare Holdings Inc
Crescentcare Holdings Inc, as a separate entity, was established with a mission to participate in a real estate transaction within a low-income community as part of the New Markets Tax Credit program. This mission involves constructing and holding real estate in such communities, aiming to contribute positively to the local area. To achieve this, Crescentcare Holdings Inc constructed a 65,000 square foot facility, which serves as the headquarters and clinic operations for the organization. This project, completed in December 2018, demonstrates Crescentcare Holdings Inc's commitment to revitalizing low-income communities through real estate development.
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Impact
October, 2024
Crescentcare Holdings Inc has made a significant impact on the local community by facilitating the construction and operation of a state-of-the-art 65,000 square foot facility in a low-income area of New Orleans. This facility not only serves as the headquarters for CrescentCare but also enhances access to healthcare services for underserved populations. By participating in the New Markets Tax Credit program, Crescentcare Holdings plays a crucial role in revitalizing the community and promoting economic development. The establishment of this clinic helps address health disparities, providing essential medical services in an area that may have previously had limited access to healthcare resources. Overall, Crescentcare Holdings Inc contributes to the well-being and empowerment of the local community through its thoughtful investment in real estate and healthcare infrastructure.
This information is meant to be a general summary of Crescentcare Holdings Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $11
- Program Service Revenue: $277,313
- Gross Receipts: $277,324
Assets and Liabilities:
- Total Assets: $15,898,503
- Total Liabilities: $20,145,499
- Net Assets: -$4,246,996
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM RENT INCOME
Revenue
$277,313
Organization Details
Founding Year
2017
Phone
(504) 821-2601Principal Officer
Alice Riener
Main Address
1631 ELYSIAN FIELDS AVE, NEW ORLEANS, LA, 70117
NTEE Category
Code: E19 - Health
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