Non-profits

Trinity Basin Prep

November 15, 2018 by

4400 Panola Ave Fort Worth, TX 76103

Trinity Basin Preparatory (“TBP”) is a tuition-free open enrollment public charter school founded in 1998. Since opening its first Oak Cliff campus in 1999, TBP has expanded to provide a safe, disciplined learning environment for more than 3,150 students in grades Pre-K-3 through eight with five campuses in Oak Cliff and Fort Worth. The vision of Trinity Basin Preparatory is to provide an education in an environment specifically designed to meet the individual academic, physical, and emotional needs of its students.

TBP strives to provide a well-rounded and rigorous education to its students, focusing on the core academic areas of reading, writing, math, science and social studies. Expectations on TBP campuses are very high for students and faculty in order to foster an environment of achievement and success. TBP’s teachers understand the need to reach each individual student, regardless of any perceived learning barriers. At Trinity Basin Preparatory, the focus is on developing an individualized path to success, tailored to each individual child, and ensuring that every teacher, staff member, and administrator is dedicated to supporting the child’s progress.

The new TBP location will maintain its rigorous academic standards, as well as its various student/family support services. The school will offer the same free breakfast and reduced-price lunches ($0.40/lunch) that more than 90% of its existing 3,150 students take advantage of currently. The projected TBP enrollment will be comprised of 65% Hispanic and 32% African-American students, with approximately 80% of the students qualifying for free/reduced meal prices, according to Federal guidelines.

TBP participates in the Summer Feeding Program, whereby all of its campus sites, including the Panola site, serve meals to all needy children 18 years of age and under. This includes anyone under 18, not just TBP students and all meals are completely free to the children. Meals must meet meal pattern requirements and they are served to the children with adequate supervision.

Additionally, the Panola campus will be home to one of Travis Frederick’s Food Pantries. Travis, current center for the Dallas Cowboys, started a “Blocking Out Hunger” Foundation, which provides food to needy families. TBP has donated part of the Panola facility to serve as one of the pantries for the Foundation. The pantry is stocked up to once per week and the TBP staff helps ensure that the food is handed out to students and their families, ensuring that they have adequate nutrition over the weekends and holiday breaks.

In December of 2017, TBP hired Crescent to pursue NMTCs in conjunction with its overall financing plan for the new headquarters. Crescent worked to secure an investor commitment along with Federal NMTC allocation. In November of 2018, Crescent and CPD closed on $7.0M of Federal NMTCs provided by Raza Development Fund and $1.5M of Federal NMTCs provided by Capital One Community Renewal Fund, leveraging a NMTC equity investment made by Capital One Bank. The NMTC subsidy will give TBP the funds to complete phase 1 of its two phase campus plan, providing an estimated $1.6M in net subsidy that will allow the program to reach its capacity of 818 students and create 83 staff.

Community Partners of Dallas

October 29, 2018 by

Community Partners of Dallas (“CPD”) was established in 1989 by a committed group of Dallas County individuals. Today, the organization’s mission is to ensure safety, restore dignity and inspire hope for the abused and neglected children served by Dallas County Protective Services. Community Partners of Dallas’ programs have been replicated across the state, and exist in more than 155 cities in Texas.

Community Partners of Dallas served more than 20,000 children in 2016, through five unique programs:

• Rainbow Room – The Rainbow Room is an emergency resource center that provides critically-needed items for children such as clothing, shoes, beds, car seats, formula, diapers, cleaning supplies, hygiene items and birthday presents. The Rainbow Room has served more than 168,000 children since it opened in 1993.
• Kids in Crisis – Kids in Crisis provides emergency funds for transportation, housing, enrichment activities, clothing, therapy, and medical expenses for children in relative care or in their own homes. Kids in Crisis serves more than 4,500 of Dallas County’s abused and neglected children annually.
• Caseworker Appreciation – Caseworker Appreciation includes quarterly events to show appreciation and gratitude to the staff of Child Protective Services. Past events include catered lunches, cookouts, ice cream socials, catered breakfasts and cupcake distributions. Sponsored by Community Partners of Dallas board members, members of CPD’s women’s auxiliary and volunteers.
• The Heart Program – The Heart Program is an internationally-recognized program that provides therapeutic group treatment to child sexual-abuse victims and their non-offending family members. Victims of sexual abuse and their non-offending family members meet weekly for group therapy. Victims are encouraged to participate as long as the therapy is beneficial. Dinner is donated by groups, including Tolleson, Sammons, Love of Humanity, Hunt Oil, and National Charity League.
• Storyline (214) 446-2222 – Launched in 2006, Storyline is a phone line that children can call 24 hours a day to hear four different stories. More than 400 children call in per month to listen to a story. The stories change weekly, and are read by volunteers and local celebrities.

Among the 25,864 reports of child abuse and neglect in Dallas County last year, 6,242 cases were confirmed – up 38% from the prior year. Child Protective Services of the Department of Family and Protective Services investigates allegations and removes a child from their parent’s home if they determine the risk to their safety has reached a threatening level. Children entering the system of protective care often have only the clothes on their backs when removed from their homes. More than 79% of the children CPD serves live in families with annual incomes of less than $30,000. There are simply not enough resources between the state and these families to take care of the children’s needs.

Community Partners of Dallas had outgrown its space in the Meadows Foundation’s Wilson Historic District. Over the past 29 years, the number of children who are confirmed victims of child abuse and neglect in Dallas County has increased by 64% and the number of reports has grown 231% during the same period. Child Protective Services is downsizing its facilities and has transitioned their caseworkers to working as mobile employees.

CPD’s client base has grown in direct proportion to Child Protective Services’: in 1989, CPD served 3,500 children annually and today that number has grown to more than 20,000. In response both to the growing need for a physical space to support caseworkers and the ever-growing population of children in their care, CPD has developed a plan to construct a more child-friendly space that is large enough to house its operations into the future.

The new facility will provide extra space for CPD’s successful school supply, coat, and Easter drives, expand space for caseworkers, allow CPD to utilize 10,000+ square feet of Rainbow Room and Warehouse space, and provide offices for 2-3 partner agencies who will lease space from Community Partners of Dallas. The new 6,000 SF Night Response space will have a small break room, a play area, visit rooms and a nursery, showers and bath facilities, a TV gaming and lounge area for older kids, as well as a laundry and other services. Child Protective Services will be a tenant., with 24 employees housed on site for overnight, state holidays, and weekend work (4:00 pm until 8:00 am Monday-Friday and 24 hours on weekends and holidays).

The new facility on Elmbrook will also have approximately 10,000 square feet of space designated for other charitable agencies to lease at low market rates. This Collaborative Space will likely be leased to 2-3 non-profit partners, providing them with office space, a break room, and a conference room. CPD has had early discussions with groups such as Tex-Protects, Children’s Health, and others, and will turn its attention to finalizing these partnership arrangements once the facility is secured.

In June of 2018, CPD hired Crescent to pursue NMTCs in conjunction with its overall financing plan for the new headquarters. Crescent worked to secure an investor commitment along with Federal NMTC allocation. In October of 2018, Crescent and CPD closed on $7.0M of Federal NMTCs provided by Dallas Development Fund, leveraging a NMTC equity investment made by US Bank.

The NMTC subsidy helped CPD close its capital campaign gap, providing the organization with low-cost financing to complete a new headquarters that will provide a host of services that directly and indirectly address the needs of the most needy, at-risk children in Dallas, all in an environment that will promote the crucial sense of safety and security that these children need during one of the most traumatizing periods in their lives.

Norfolk Medical Office Building

October 4, 2018 by

The new Fountain Point Medical Office Building (“SurgiCenter”) development in rural Norfolk, Nebraska will focus on an 83,493 square-foot medical office complex. The Medical Office Building will include physical therapy, pediatrics, family practice, internal medicine, imaging, lab, orthopedics, specialty clinic, surgical/oncology, pain, ambulatory surgical center and a YMCA/daycare. There are shared common areas for IT, waiting space, reception, and restrooms.

The Fountain Point development is located on 55 acres in southwest Norfolk and will be a gateway to the community, giving physicians the autonomy to advocate for their patients. The goal of this development and project is to provide a continuum of care to meet the needs of the internal and external community. This project will also be a regional hub for medical services under one roof and provide the same specialty service found in larger metropolitan communities.

The new Fountain Point MOB is the result of a group of Norfolk physicians attempting to combat the lack of local medical service providers, as well as the rising cost of medical care, by building one large facility to house a wide variety of medical services, using the lowest cost of capital available. The SurgiCenter physicians decided that lower-cost financing options such as TIF bonds and the NMTC program, while less straightforward than a conventional construction loan, would ultimately mean a lower cost to the medical service provider tenant, and therefore a lower cost of care to the end user.

In January of 2018, SurgiCenter’s management hired Crescent to pursue NMTCs in conjunction with its overall financing plan for the expansion. Having already secured bank loan commitments and TIF Financing totaling $8.6 million, Crescent worked to secure an investor commitment along with both Nebraska State NMTC allocation and Federal NMTC allocation. In October of 2018, Crescent and SurgiCenter closed on $10.0M of Nebraska State NMTCs provided by Brownfield Revitalization, and $5.3M of Federal NMTCs provided by Brownfield Revitalization, leveraging a NMTC equity investment made by US Bank.

Without the Nebraska State and Federal NMTC subsidies the SurgiCenter would not be able to continue to expand its patient base while holding to its commitment to keep surgery costs low. The new SurgiCenter will be a ‘one-stop-shop’ medical complex for the surrounding, medically-underserved census tract; moreover, the NMTC subsidy significantly reduces the high construction costs typically associated with this type of modern medical facility, and that savings will directly translate to a lower overall cost of care to the residents of this low-income community. Additionally, the NMTC financing allows the Project to pursue energy efficient elements such as LED fixtures, low-flow plumbing, and high efficiency mechanical systems including HVAC, lighting, and water heating/storage, lowering facility operating costs, which further .

Ronald McDonald House Charities of Omaha

August 14, 2018 by

620 S 38th Ave, Omaha, NE 68105

In 1971, Kim Hill, the 5-year old daughter of Philadelphia Eagles’ tight end Fred Hill, was diagnosed with leukemia, and began treatment with oncologist Dr. Audrey Evans at Children’s Hospital of Philadelphia. In the wake of Kim’s successful treatment, the Eagles raised $100,000 through their Eagles Fly for Leukemia philanthropic program to support Dr. Evans’ team at Children’s Hospital. Dr. Evans gratefully accepted the donation, but she also requested that the Eagles consider funding a house in which families of the children in the hospital could get proper rest, away from the hospital. So in October, 1974, Fred Hill, Eagles General Manager Jim Murray and other Eagles teammates co-founded the first Ronald McDonald House, named for the partnership the Eagles organization forged with a local McDonald’s that participated in, and donated to, the Eagles Fly for Leukemia program.

More than four decades later, the Ronald McDonald House organization has expanded significantly, with 365 houses in 64 countries and regions. Given its proximity to one of the best pediatric gastroenterology surgical practices in the country, the RMHC in Omaha supports a much larger footprint than any other RMH in North America, having hosted families from 29 states as well as Mexico. Typical recovery times for these types of surgery result in an average family stay in the RMH of Omaha of around 25 days over the past four years, which is longer than average when compared to other RMH’s around the country

The RMHC offers a variety of programs that are not typically offered in other Ronald McDonald Houses, all of which are aimed at addressing many of the ancillary problems with families’ temporary relocation. The expansion of the RMHC in Omaha will double its footprint to 40,000 sf, as well as its capacity, from 20 to 40 rooms. The new facility will continue to serve a patient base averaging less than $14,000 in annual income, 1/3rd of whom are African-American or Latino families.

An 857 sf classroom will provide the space necessary for classes on GED preparation, financial planning, sibling tutoring, English language, new mother/new baby orientation, and stress and anxiety management. The facility will also offer informational seminars on gastro intestinal rehabilitation, pediatric cancer, pediatric transplants, traumatic injuries, autism, neonatal & premature babies, and pediatric eating disorders.

Once the expansion is completed, RMHC in Omaha will be the only RMH in the world with an on-site clinic, offering 4 infusion bed treatment rooms for children with impaired immune systems to receive their infusion treatments in a controlled environment, greatly reducing the risk of exposure resulting from ambulance transportation to and from the Medical Campus. Staffed and managed by Nebraska Medicine, the 2,995 sf clinic keeps the child on-site, where family and loved-ones are close at hand in a “home-like” environment, reducing the psychological stress on the patient before, during and after treatment.

The facility has partnered with Angels Among Us, a local non-profit that supports children and families affected by pediatric cancer, providing financial support such as covering rent or mortgage payments, utilities, car lease and insurance payments, medical and prescription drug costs, daycare and just about any other costs associated with families’ extended time away from work and home.

In May of 2018, RMHC hired Crescent to pursue NMTCs in conjunction with its overall financing plan for the expansion. Having already secured cash donations, pledges, and bank loan commitments totaling $8.5 million, Crescent worked to secure an investor commitment along with both Nebraska State NMTC allocation and Federal NMTC allocation. In August of 2018, Crescent and RMHC closed on $4.8M of Nebraska State NMTCs provided by Brownsfield Revitalization, $4.8M of Nebraska State NMTCs provided by Consortium America, and $6.0M of Federal NMTCs provided by Consortium America, leveraging a NMTC equity investment made by US Bank. The Nebraska State and Federal NMTC subsidies will go towards construction overruns, along with a variety of “wish list” items that would have been contemplated in subsequent phases, such as internal communications systems, support for transportation services, relocation costs, and tenant improvements for Nebraska Medicine and Angels Among Us.

Talladega College

April 19, 2018 by

Talladega College is the state of Alabama’s oldest Historically Black College (“HBCU”). Formed in 1869, today Talladega College has full-time enrollment of nearly 1,200 students, 97% of whom are Pell-grant eligible, and approximately 85% are 1st generation college students.

For 150-years, Talladega has provided quality education to its students and service to its community despite having no student center facilities whatsoever. Talladega students currently have no place to congregate, no central location in which to hold student group meetings or routine events such as graduation ceremonies and dances. This is a significant disadvantage in recruitment, says President Hawkins: “on weekend nights, students have nowhere to go to unwind, and are forced to sit on the steps outside their dorm rooms.”

In the face of this significant disadvantage, Talladega’s enrollment has grown 250% since 2009. Unfortunately, the College’s housing facilities are inadequate to cope with the sheer size of the student body. As a result, Talladega was forced to spend more than $300,000 on hotel rooms for 100 students from 2014-2017.

In June of 2014, Talladega College engaged Crescent to pursue NMTCs in conjunction with its overall financing plan for a new student center and residence hall. The student center was designed to not only serve Talladega students, but also to address the myriad issues affecting the residents living in the surrounding census tract, which is designated as medically-underserved and a Food Desert; the student center offers a new cafeteria and health clinic, both of which are open to the public.

The residence hall will consist of space for 203 beds (102 rooms), inclusive of rooms for undergraduate students, RA’s (resident advisers), handicapped accessible rooms, a housing director, as well as common study areas and lounges.

Having already secured a commitment from the USDA Rural Development Community Facilities program, Crescent worked to secure a construction loan, an investor commitment along with NMTC allocation. In April 2018, Crescent and Talladega College closed on $20.0M of NMTCs, utilizing allocation provided by United Bank, National Community Fund, and Trustmark Bank, leveraging a NMTC equity investment made by PNC Bank. The Federal NMTC subsidy helped cover nearly $3 million overruns resulting from commodity price escalation in the wake of Hurricanes Harvey and Irma. By covering this gap, the NMTC subsidy allows Talladega to create 46 new FTE jobs and to expand its work-release program with Childersburg Correctional Facility.

Smith County Memorial Hospital

February 15, 2018 by

Smith County Memorial Hospital (SCMH) has been a staple in Smith County, KS for nearly 70 years, providing a wide variety of healthcare services to the surrounding, medically underserved area. Operating out of a woefully outdated facility and serving a patient base that is comprised nearly 65% of Medicare/Medicaid patients, SCMH provides surgical, emergency, diagnostic, labor & delivery, nursing, occupational and physical therapy services.

Unfortunately, SCMH’s original 35,000 sf facility is nearly 70 years old as well, and has become entirely inadequate to meet modern standards for a medical facility: it is grandfathered into outdated Life Safety regulations, and its only ADA-compliant facility does not have a single bathroom. In the current SCMH facility, all inpatient rooms are forced to share bathrooms, and all patients must use a single communal shower room. Rather than undergoing a 9-phase, two-year renovation of its existing facility to bring it up to modern Life Safety code – and effectively halting all medical services during that period – in 2017, SCMH began developing a plan to relocate and construct a new state-of-the-art facility.

In early 2017, SCMH engaged Crescent to pursue NMTC’s as part of the financing plan for its new $30M critical access hospital, having already secured a construction loan from Kansas State Bank, as well as a take-out commitment from the USDA Rural Development loan program. In February, 2018, CGC and SCMH closed on $17.5M of NMTC’s, utilizing allocation provided by Community Hospitality Healthcare Services and Central Bank of Kansas City, leveraging a NMTC equity investment made by US Bank.

The new 61,698 sf Smith County Memorial Hospital will offer 16 inpatient beds, a 28-bed Long Term care unit, a 6,115 sf surgery suite, outpatient clinic services, radiology and lab services, cafeteria and food services, physical therapy, wellness facilities, and the required administrative, maintenance, and support services. Additionally, SCMH will carry over to the new facility all of its current programming and outreach programs, including its scholarship program, which covers education costs for potential nursing staff, lab and radiology techs, in exchange for full-time employment commitments after graduation.

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