2025-08-15T08:43:35-07:00 2024-12-31 522301880 Francis J DiSalvo CPA 6107 Elmendorf Drive Suitland MD 20746 990PF 2024-01-01 521815486 CRESCENT CITIES CHARITIES INC CRES 3015674671 6907 OXON HILL ROAD OXON HILL MD 20745 STEVEN G NOVAK PRESIDENT 3015674671 2025-05-15 true true Francis J DiSalvo CPA P00844635 3015681100 2025-08-15 X 2024 2025-03-06 01:10:19Z X X 8763667 X X 388205 388205 388205 301627 1455700 301627 247076 0 342372 0 342372 1032204 689832 977653 21000 0 21000 0 0 27869 0 27869 0 0 9595 0 9595 0 3000 0 3000 109740 0 109740 0 29798 0 29797 0 449427 31577 376397 81193 650429 31577 577398 81193 885787 885787 1536216 31577 577398 966980 -504012 658255 400255 875336 292259 292259 0 3000000 3000000 3000000 3000000 0 12465 12465 4660610 5282870 5282870 15000 12000 6000 3000 3000 0 0 259595 173073 173073 8801541 8763667 8763667 10282 16970 13972 7068 0 198939 108455 223193 132493 X 8578348 8631174 8578348 8631174 8801541 8763667 8578348 -504012 556838 8631174 8631174 Summary-Short-term publicly traded securities;Schwab 8594-4035 P 2023-01-01 2024-12-31 80729 0 69982 10747 0 0 0 10747 Summary-Long-term publicly traded securities;Schwab 8594-4035 P 2024-01-01 2024-12-31 575756 0 499107 76649 0 0 0 76649 Summary-Short-term publicly traded securities;Schwab 3409-4750 P 2023-01-01 2024-12-31 21399 0 15685 5714 0 0 0 5714 Summary-Long-term publicly traded securities;Schwab 3409-4750 P 2024-01-01 2024-12-31 638182 0 467755 170427 0 0 0 170427 Summary-Long-term publicly traded securities;Schwab 6219-8436 P 2023-01-01 2024-12-31 139635 0 101545 38090 0 0 0 38090 301627 247076 9150 0 9150 0 9150 0 X 525 9675 0 false false false false false false false false true MD true true false false false true www.cccharities.org THE CHARITIES 3015674671 6907 OXON HILL ROAD OXON HILL MD 20745 false false false false false false false false false false false false false false false false false false false false false STEVEN G NOVAK 6907 OXON HILL ROAD OXON HILL MD 20745 PRESIDENT 12.00 4200 0 0 PAUL BAIERS JR 6907 OXON HILL ROAD OXON HILL MD 20745 SECRETARY 25.00 64200 0 0 ROBERT POE 6907 OXON HILL ROAD OXON HILL MD 20745 CHAIRMAN 9.00 4200 0 0 JOSEPH HARRIS 6907 OXON HILL ROAD OXON HILL MD 20745 VICE PRESIDENT 11.00 4200 0 0 RICHARD LAWSON 6907 OXON HILL ROAD OXON HILL MD 20745 TREASURER 11.00 4200 0 0 NONE 0 NONE 0 Public Charities (501(c)(3)) 179 recipients; Principal giving focused on public charities, funding health, education, and human-service programs that advance community well-being. 632254 Other Exempt Organizations (501(c)(4),(6),(7),(8))- 13 recipients Recipients included chambers of commerce, sororities, and service clubs. These awards broaden civic engagement and strengthen community networks. 10033 Government Units & Other Qualified Recipients 12 awards; Grant to public schools and youth teams expanded community facilities. Funding backed athletic gear, upgrades & joint public initiatives. 25500 Scholarships75 recipients: Funding for academic, vocational, nursing, and engineering scholarships honoring local leaders, supporting students that meet requirements, reflecting academic achievement and other selection criteria. 218000 Loan to Apartments at Country Club LLC for the redevelopment of a former hotel in Hilo, Hawaii into 65 affordable senior housing units using Low-Income Housing Tax Credits. Project serves seniors at or below 60% of area median income with dedicate amenities. 1500000 Loan to Cloisters Foxfire Owner, LLC secured by a multifamily apartment complex in High Point, NC. The property comprises 1- to 3-bedroom units with in-unit washer/dryer, clubhouse, pool, landscaped grounds, and pet-friendly policiesserving the local rental community. 1500000 5282870 8282870 0 0 0 0 0 0 0 0 0 X 0 966980 8282870 9249850 0 9249850 0 9249850 9249850 0 0 0 0 0 9249850 0 0 0 0 9249850 X 0 0 9249850 9249850 9249850 0 0 0 9249850 0 0 0 0 0 0 0 0 STEVEN G NOVAK - SCHOLARSHIP COMMIT 6907 OXON HILL ROAD OXON HILL MD 20745 3015677076 Applications submitted online. www.cccharities.org College Scholarship Applications by April 15th. Trade School Scholarship Applications by May 15th. Grade point average. STEVEN G NOVAK - GRANT COMMITTEE 6907 OXON HILL ROAD OXON HILL MD 20745 3015677076 Applications submitted online. www.cccharities.org None Generally grants made to 501(c)(3); but others considered. Expenditure-Responsibility Scholarship Program Oxon Hill MD 20745 N/A See AttachedScheduleScholarships 218000 Grants and Contributions Paid During 2024 Oxon Hill MD 20745 VARIOUS See AttachedScheduleof Grants 667787 885787 0 0 0 8 GAIN FROM SALE OF PUBLICLY TRADED SECURITIES false false false false false false false false false true CRESECENT CITIES JAYCEES FOUNDATION 501(c)(3) nonprofit overlapping board members DEBLANC AUDIT 27869 27869 The Organizations investments at December 31, 2024, consist entirely of Level 1 assets under the fair value hierarchy. Holdings include exchange-traded funds, common stocks, fixed-income funds, and a real estate investment trust. 5282870 Publicly Traded Securities-Multiple Schwab Accounts Purchased 1455700 1154073 301627 RIGHT-OF-USE ASSET 194468 96473 96473 SECURITY DEPOSIT 9100 9100 9100 ACCRUED INTEREST 56027 67500 67500 ADMINSTRATIVE COSTS 97444 0 24405 73034 BANK FEES 65 0 65 0 CONTRACT LABOR 60000 0 60000 0 DUES & SUBSCRIPTIONS 145 0 145 0 EQUIPMENT RENTAL 71187 0 71187 0 GIFTS, MEALS & ENTER 373 0 373 0 INSURANCE 8802 0 8802 0 INVESTMENT MANAGEMENT 31577 31577 31577 0 MISCELLANEOUS 6000 0 6000 0 OFFICE SUPPLIES 6259 0 6259 0 OPERATING SUPPLIES 111488 0 111488 0 PROMOTIONS 8159 0 8159 8159 REPAIR & MAINTENANCE 2255 0 2255 0 TELEPHONE 12178 0 12187 0 WEB SITE & IT SUPPORT 33495 0 33495 0 CHARITABLE BINGO 342372 0 342372 UNREALIZED GAIN ON PUBLICLY TRADED SECURITIES 556838 DEFERRED RENT 4471 2832 LEASE LIABILITY 194468 96473 EXCISE TAX & RELATED FEES PAYABLE 0 9150 Crescent Cities Charities, Inc. transitioned from public charity to private foundation status in 2024 following a multi-year decline in public support. This transition triggered the requirement to file Form 990-PF for the first time. At the time, the organization was working with a different firm to complete its 2023 audit and corresponding Form 990. That firm did not conclude its work until November 15, 2024, and no indication was given during their exit conference that the Crescent Cities Charities public charity status had lapsed or that private foundation filing requirements would apply for 2024. In mid-2024, a new audit firm was engaged to assist with ongoing financial reporting and tax compliance. An automatic extension (Form 8868) was submitted under the presumption that Crescent Cities Charities would continue filing Form 990 as a public charity. Only after further analysis of the public support test and Crescent Cities filing history did it become clear that a Form 990-PF was required, and that the extension initially filed did not apply to this form type. This situation was the result of reasonable reliance its auditors and a misunderstanding of the IRSs extension procedures, not willful neglect. Crescent Cities Charities has since taken steps to ensure future compliance and timely filings. We respectfully request that the IRS consider this explanation as reasonable cause for the late filing and not assess late filing penalties. EXCISE TAX 9150 0 9150 0 OTHER TAXES & LICENSES 445 0 445 0