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Crescent Terrace Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 942910860 ✦ Foster city, CA ✦ Designated as a 501(c)(3)

Overview

What is Crescent Terrace Inc?

Crescent Terrace Inc is a nonprofit organization situated in Foster City, California. Their primary focus is to facilitate the acquisition, development, and operation of affordable housing units for individuals who fall under the categories of low-income, elderly, or disabled. In alliance with related organizations, Midpen Housing Corporation shares this mission, aiming to provide high-quality, safe, and affordable housing. By doing so, they strive to establish stability and opportunities in the lives of residents, fostering diverse communities where individuals from various ethnic, social, and economic backgrounds can live in harmony and mutual respect.


Official website here: www.midpen-housing.org

Is Crescent Terrace Inc legitimate?

Crescent Terrace Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Crescent Terrace 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.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $81,406

For more financial information, click here


Official website here: www.midpen-housing.org

What is the mission statement of Crescent Terrace Inc?

Crescent Terrace Inc, in collaboration with related organizations, aims to provide safe and affordable housing of high quality to individuals in need. The corporation's mission is also focused on establishing stability and opportunities in the lives of its residents. Furthermore, Crescent Terrace Inc strives to foster diverse communities, where individuals from various ethnic, social, and economic backgrounds can live in harmony and mutual respect. The goal is to allow these individuals to live with dignity.


Official website here: www.midpen-housing.org

Who is the CEO of Crescent Terrace Inc?

Matthew O Franklin is the Ceo/President/Asst. Secretary of Crescent Terrace Inc. The CEO's salary of Crescent Terrace Inc is $0 and their total compensation is $660,095.


Official website here: www.midpen-housing.org

What is the revenue of Crescent Terrace Inc?

Crescent Terrace Inc's revenue in 2022 was $1,015,360.


Official website here: www.midpen-housing.org

Who are the executives of Crescent Terrace Inc and what are their salaries?

Here are 19 key members and their salaries (Crescent Terrace Inc's CEO's salary is $0 and their total compensation is $660,095):

    Matthew O Franklin (Ceo/President/Asst. Secretary)
  • Compensation: $0
  • Related: $606,526
  • Other: $53,569

    • Janine Lind (Coo / Assistant Secretary)
  • Compensation: $0
  • Related: $459,933
  • Other: $42,379

    • Michael J Vergura (Cfo / Assistant Secretary)
  • Compensation: $0
  • Related: $420,159
  • Other: $55,781

    • Jan Lindenthal (Credo / Assistant Secretary)
  • Compensation: $0
  • Related: $402,180
  • Other: $21,754

    • Lance Smith (Vp/Corp. Counsel & Broker/Asst. Secretary)
  • Compensation: $0
  • Related: $292,945
  • Other: $43,099

    • Eric Harrison (Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jessica Garcia-Kohl (Vice Chairperson) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Gina Diaz (Secretary) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Enrique Torres (Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Terry Freeman (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Renee Mcdonnell (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Beth Bartlett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Mark Battey (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Elisa De Laet Jagerson (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Hicks (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Fay Sien Goon (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Jennifer Martinez (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Chan U Lee (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Rob Hollister (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.midpen-housing.org

    Where can I find the form 990 for Crescent Terrace Inc?

    The Crescent Terrace Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.midpen-housing.org

    Learn more at the official website: www.midpen-housing.org

    Mission Statement of Crescent Terrace Inc

    Crescent Terrace Inc, working in conjunction with related organizations, is committed to providing safe, high-quality, and affordable housing to individuals in need. The organization's mission is twofold. Firstly, it aims to establish stability and opportunities in the lives of its residents. By providing housing, Crescent Terrace Inc seeks to offer a secure foundation, enabling its residents to focus on other aspects of their lives.

    Secondly, Crescent Terrace Inc strives to foster diverse communities. It believes in the importance of creating spaces where people from various ethnic, social, and economic backgrounds can live together in dignity, harmony, and mutual respect. This mission is a testament to the organization's dedication to promoting inclusivity and understanding among its residents. By doing so, Crescent Terrace Inc contributes to the creation of a more harmonious and equitable society.

    Impact

    This information is meant to be a general summary of Crescent Terrace Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Sunday, July 21, 2024

    Crescent Terrace Inc, in conjunction with related organizations like MidPen Housing Corporation, plays a crucial role in providing safe, affordable housing of high quality to those in need. Through the acquisition, development, and operation of affordable housing for low-income, elderly, or disabled individuals, Crescent Terrace Inc fosters stability and opportunity in the lives of residents. By facilitating the creation of diverse communities that allow people from all ethnic, social, and economic backgrounds to live in dignity, harmony, and mutual respect, Crescent Terrace Inc's impact is profound in ensuring access to decent housing for vulnerable populations.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $5,098
  • Program Service Revenue: $343,248
  • Gross Receipts: $1,015,360

    • Assets and Liabilities:
  • Total Assets: $2,538,688
  • Total Liabilities: $4,919,134
  • Net Assets: -$2,380,446
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $341,661

    OTHER INCOME

    Revenue

    $1,587

    Organization Details

    Founding Year

    1983

    Principal Officer

    Matthew O Franklin

    Main Address

    303 VINTAGE PARK DRIVE 250, FOSTER CITY, CA, 94404

    NTEE Category

    Code: L800 - Housing

    If you are a representative of Crescent Terrace Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.