The ktetor Georgije, son of Jan, together with his wife Zora and their son Manojlo, offers a model of the church to the Mother of God. After this early period, there are no mentions of the monastery in the written sources until 1761, when records note the donation of a large wooden cross and iconostasis doors. Marginal inscriptions in manuscripts attest to monastic presence, although the monastery has not been active in recent decades.

The church of Krepičevac is built on a triconch plan with a western narthex, covered by a barrel vault underneath a single gabled roof. Acoustic ceramic vessels are embedded in the walls, and above the arched western entrance stands a large lunette depicting the Mother of God with Christ. The choir conches are set unusually far from the altar apse, creating a spacious eastern bay that accommodates a built altar screen with three arched openings and an arcosolium containing the tomb of Elder Josif, one of the Sinai monks of the late fourteenth century.

Fresco decoration is partially preserved: in the narthex are Christ Pantokrator, the Heavenly Liturgy, the donor portrait, and a Deësis; additional scenes include the Nativity of the Mother of God, compositions from the Akathist, and depictions of hermits and great schema monks. Fragmentary frescoes survive in the naos, including hierarchs, the Transfiguration, the Dormition, Pilate’s Judgment, and Saints Constantine and Helena. The altar screen once carried a full painted program, now preserved only in fragments. Conservation work was carried out between 1968 and 1974.