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PPP Loan Data — Center For New Horizons Inc., Hauppauge, NY

SBA PPP loan data, payroll data, and salaries for Center For New Horizons Inc.
NY Nonprofit Organization

Center For New Horizons Inc.

Entity: Non-profit Organization

Industry: Other Grantmaking and Giving Services

Location: Hauppauge, NY

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Center For New Horizons Inc. is a non-profit organization located at 300 Kennedy Drive in Hauppauge, New York that received a Coronavirus-related PPP loan from the SBA of $4,144,283.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$4.14M

Jobs Retained:

468

Loan Approved:

2020-04-07

Lender:

DIME COMMUNITY BANK

Center For New Horizons Inc. in Hauppauge, NY received a Paycheck Protection Loan of $4.14M through DIME COMMUNITY BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Center For New Horizons Inc.'s total 2019 payroll expenses were approximately $19.89M in order to qualify for the PPP loan amount received.

Based on their reported 468 jobs retained, this equals an estimated average yearly compensation of $42,505 per employee1.

Because the loan received by Center For New Horizons Inc. 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 - Center For New Horizons Inc. in Hauppauge, NY

Center For New Horizons Inc.
300 Kennedy Drive
Hauppauge, NY 11788

Business Industry

Other Grantmaking and Giving Services (NAICS code 813219)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-01

Similar Companies near Hauppauge

In the Hauppauge area, 2 businesses in the "Other Grantmaking and Giving Services" industry received a PPP loan. These local businesses reported an average of 235 employees (compared to this company's 468) and received an average PPP loan of $2,091,459 (compared to this company's $4.14M).

Similar Nearby Businesses Who Received PPP Funding:

Michael W. Mccarthy Foundation Inc
Hauppauge, NY

$38,635 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 6,269 businesses in the "Other Grantmaking and Giving Services" industry received a total of $998,645,047.00 in PPP loans. These businesses account for 0% of total PPP applications submitted, and received 0% of the total PPP funding allocated.

PPP recipients in this industry report an average of 16 employees, 97% lower than Center For New Horizons Inc.'s reported 468 employees, and received an average PPP loan of $159,299, 96% lower than this company's loan of $4.14M.

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, 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/center-for-new-horizons-inc-hauppauge-ny