Overview

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Est.

1983

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

Crescent Terrace Inc, with EIN 94-2910860, is a nonprofit organization dedicated to providing safe, affordable housing and fostering diverse communities that promote dignity and mutual respect among residents. In collaboration with MidPen Housing Corporation, it aims to establish stability and opportunity for individuals from various ethnic, social, and economic backgrounds. Operating with a budget of $950,000 and generating total revenue of $1.2 million in the 2024 filing year, Crescent Terrace Inc does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.midpen-housing.org.

Mission Statement

IN CONJUNCTION WITH RELATED ORGANIZATIONS, MIDPEN HOUSING CORPORATION'S MISSION IS TO PROVIDE SAFE, AFFORDABLE HOUSING OF HIGH QUALITY TO THOSE IN NEED; TO ESTABLISH STABILITY AND OPPORTUNITY IN THE LIVES OF RESIDENTS; AND TO FOSTER DIVERSE COMMUNITIES THAT ALLOW PEOPLE FROM ALL ETHNIC, SOCIAL AND ECONOMIC BACKGROUNDS TO LIVE IN DIGNITY, HARMONY AND MUTUAL RESPECT.
Revenues
$1.2M
Expenses
$1.1M
Net Income:
+$75.7K
Assets
$2.5M
Liabilities
$4.7M
Net Assets:
-$2.3M
Operating Budget
$950K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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R
Renee McDonnell
Board Member
F
Fay Sien Goon
Board Member
E
Elisa De Laet Jagerson
Board Member

Frequently Asked Questions

What is CRESCENT TERRACE INC’s budget?
In 2024, CRESCENT TERRACE INC reported an annual operating budget of around $950 thousand. More detailed financial information is available to registered users.
What causes does CRESCENT TERRACE INC support?
CRESCENT TERRACE INC supports work in Housing services.
Where does CRESCENT TERRACE INC operate?
CRESCENT TERRACE INC is headquartered in Foster City, CA.
What is CRESCENT TERRACE INC’s reliance on government grants?
CRESCENT TERRACE INC relied on government grants for more than 65% of their total revenue in 2024.