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PPP Loan Data — C.C. Young Memorial Home, Dallas, TX

SBA PPP loan data, payroll data, and salaries for C.C. Young Memorial Home
TX Nonprofit Organization

C.C. Young Memorial Home

Entity: Non-profit Organization

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Dallas, TX

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C.C. Young Memorial Home is a non-profit organization located at 4847 W Lawther Dr Suite 100 in Dallas, Texas that received a Coronavirus-related PPP loan from the SBA of $3,772,400.00 in April, 2020.

The company has reported itself as a White male owned non-profit, and employed at least 330 people during the applicable loan loan period.

$ PPP Loan Information

Loan Size:

$3.77M

Jobs Retained:

330

Loan Approved:

2020-04-07

Lender:

FROST BANK

C.C. Young Memorial Home received a Paycheck Protection Loan of $3.77M through FROST BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, C.C. Young Memorial Home's total 2019 payroll expenses were approximately $18.11M in order to qualify for the PPP loan amount received.

Based on their reported 330 jobs retained, this equals an estimated average yearly compensation of $54,871 per employee1.

Because the loan received by C.C. Young Memorial Home is at least $2M dollars, it is subject to a full review by the SBA to ensure eligibility and compliance with PPP program requirements.

Business Information - C.C. Young Memorial Home in Dallas, TX

C.C. Young Memorial Home
4847 W Lawther Dr Suite 100
Dallas, TX 75214

Business Industry

Nursing Care Facilities (Skilled Nursing Facilities) (NAICS code 623110)

Business Owner Demographics

Race / Ethnicity: WHITE

Gender: MALE OWNED

Veteran Status: NON-VETERAN

Congressional District: TX-05

Similar Companies near Dallas

In the Dallas area, 2 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 189 employees (compared to this company's 330) and received an average PPP loan of $2,037,091 (compared to this company's $3.77M).

Similar Nearby Businesses Who Received PPP Funding:

Fairpark Scc, LLC
Dallas, TX

$301,781 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 9,872 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a total of $5,508,018,433.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 1% of the total PPP funding allocated.

PPP recipients in this industry report an average of 66 employees, 80% lower than C.C. Young Memorial Home's reported 330 employees, and received an average PPP loan of $557,944, 85% lower than this company's loan of $3.77M.

FederalPay's PPP Information Policy

Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan.

All information displayed on this page is publicly available information under PPP loan guidelines, in compliance with 5 U.S.C. § 552 (Freedom of Information Act) and 5 U.S.C. § 552a (the Privacy Act) and is published unmodified, as provided by the SBA.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.


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** This Document Provided By www.FederalPay.org - The Civil Employee's Resource **
Source: www.federalpay.org/paycheck-protection-program/cc-young-memorial-home-dallas-tx