Crescent Affordable Housing Corporation
Crescent Affordable Housing Corporation faces severe financial distress with persistent negative net assets and revenues far below expenses.
EIN: 200470082 · New Orleans, LA · NTEE: L20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4K |
| Total Expenses | $672K |
| Program Spending | 70% |
| Net Assets | $-3,457,623 |
| Transparency Score | 20/100 |
Is Crescent Affordable Housing Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Crescent Affordable Housing Corporation directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Crescent Affordable Housing Corporation
Crescent Affordable Housing Corporation (EIN: 200470082) is a nonprofit organization based in New Orleans, LA, classified under NTEE code L20. The organization reported total revenue of $4K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Crescent Affordable Housing Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Crescent Affordable Housing Corporation is a micro nonprofit that has been operating for 21 years, with 10 years of IRS 990 filings on record (2014–2023). Revenue has grown at a compound annual rate of -31.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $5K |
| Total Expenses | $672K |
| Surplus / Deficit | $-667,088 |
| Total Assets | $-2,475,265 |
| Total Liabilities | $982K |
| Net Assets | $-3,457,623 |
| Operating Margin | -12873.2% |
| Months of Reserves | -44.2 months |
Financial Health Grade: D
In 2023, Crescent Affordable Housing Corporation reported a deficit of $667K with expenses exceeding revenue, holds -44.2 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2014–2023), Crescent Affordable Housing Corporation's revenue has declined at a compound annual growth rate (CAGR) of -31.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -9.7% | -47.4% | — |
| 2022 | +9.7% | +17.1% | — |
| 2021 | -77.0% | -19.3% | -679.3% |
| 2020 | -25.9% | +19.2% | -95.5% |
| 2019 | +124.4% | +417.2% | -43.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Crescent Affordable Housing Corporation with a Mission Score of 20 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Crescent Affordable Housing Corporation allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $667K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is a positive indicator of fiscal responsibility regarding leadership salaries, especially given the organization's financial struggles.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Crescent Affordable Housing Corporation's IRS 990 filings:
- Persistent and substantial negative net assets (e.g., -$2,475,265 in 2023).
- Revenues consistently far below expenses (e.g., $5,182 revenue vs. $672,270 expenses in 2023).
- Significant decline in total assets over the past decade, from over $4 million to negative values.
- High liabilities relative to current revenue and assets (e.g., $982,358 liabilities in 2023 with negative assets).
Strengths
The following positive indicators were identified for Crescent Affordable Housing Corporation:
- Reported 0% officer compensation across all available filings, indicating no executive salary burden.
Frequently Asked Questions about Crescent Affordable Housing Corporation
Is Crescent Affordable Housing Corporation a legitimate charity?
Crescent Affordable Housing Corporation (EIN: 200470082) is a registered tax-exempt nonprofit based in Louisiana. Our AI analysis gives it a Mission Score of 20/100. It has 10 years of IRS 990 filings on record. Total revenue: $4K. 4 red flags identified. 1 strength noted. Financial health grade: D.
How does Crescent Affordable Housing Corporation spend its money?
Crescent Affordable Housing Corporation directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Crescent Affordable Housing Corporation tax-deductible?
Crescent Affordable Housing Corporation is registered as a tax-exempt nonprofit (EIN: 200470082). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Crescent Affordable Housing Corporation's spending goes to programs?
Crescent Affordable Housing Corporation directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Crescent Affordable Housing Corporation compare to similar nonprofits?
With a transparency score of 20/100 (Poor), Crescent Affordable Housing Corporation is below average for NTEE category L20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Crescent Affordable Housing Corporation located?
Crescent Affordable Housing Corporation is headquartered in New Orleans, Louisiana and files with the IRS under EIN 200470082. It is classified under NTEE code L20.
How many years of IRS 990 filings does Crescent Affordable Housing Corporation have?
Crescent Affordable Housing Corporation has 10 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $4K in total revenue.
Is Crescent Affordable Housing Corporation financially viable?
Based on the consistent and significant deficits, with expenses far exceeding revenues and increasingly negative asset balances (e.g., -$2,475,265 in 2023), the organization's financial viability is highly questionable.
How does the organization fund its operations given its low revenue?
The filings indicate that the organization is not generating sufficient revenue to cover its expenses, leading to substantial losses and negative assets. It is unclear from the provided data how it continues to operate or if it is drawing down on previously held assets or incurring significant debt, though liabilities are also substantial.
What caused the drastic decline in assets from $4.4M in 2014 to negative values in recent years?
The data shows a consistent trend of expenses significantly outpacing revenue over many years, which has eroded the organization's asset base from $4,466,634 in 2014 to negative values like -$2,475,265 in 2023. This suggests sustained operational losses.
Filing History
IRS 990 filing history for Crescent Affordable Housing Corporation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2014–2023), Crescent Affordable Housing Corporation's revenue has declined by 96.8%, moving from $161K to $5K. Total assets decreased by 155.4% over the same period, from $4.5M to $-2,475,265. Total functional expenses fell by 47.5%, from $1.3M to $672K. In its most recent filing year (2023), Crescent Affordable Housing Corporation reported a deficit of $667K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $5K | $672K | $-2,475,265 | $982K | — | — |
| 2022 | $6K | $1.3M | $-1,560,567 | $1.2M | — | View 990 |
| 2021 | $5K | $1.1M | $-372,051 | $1.1M | — | View 990 |
| 2020 | $23K | $1.4M | $64K | $499K | — | — |
| 2019 | $31K | $1.1M | $1.4M | $518K | — | View 990 |
| 2018 | $14K | $219K | $2.5M | $502K | — | View 990 |
| 2017 | $328K | $607K | $2.7M | $499K | — | — |
| 2016 | $7K | $325K | $3.6M | $1.0M | — | View 990 |
| 2015 | $1.0M | $890K | $3.9M | $1.0M | — | View 990 |
| 2014 | $161K | $1.3M | $4.5M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5K, expenses of $672K, and assets of $-2,475,265 (revenue -9.7% year-over-year).
- 2022: Revenue of $6K, expenses of $1.3M, and assets of $-1,560,567 (revenue +9.7% year-over-year).
- 2021: Revenue of $5K, expenses of $1.1M, and assets of $-372,051 (revenue -77.0% year-over-year).
- 2020: Revenue of $23K, expenses of $1.4M, and assets of $64K (revenue -25.9% year-over-year).
- 2019: Revenue of $31K, expenses of $1.1M, and assets of $1.4M (revenue +124.4% year-over-year).
- 2018: Revenue of $14K, expenses of $219K, and assets of $2.5M (revenue -95.8% year-over-year).
- 2017: Revenue of $328K, expenses of $607K, and assets of $2.7M (revenue +4327.9% year-over-year).
- 2016: Revenue of $7K, expenses of $325K, and assets of $3.6M (revenue -99.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $890K, and assets of $3.9M (revenue +535.7% year-over-year).
- 2014: Revenue of $161K, expenses of $1.3M, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Crescent Affordable Housing Corporation:
Data Sources and Methodology
This transparency report for Crescent Affordable Housing Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.