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PPP Loan Data — Daughters Of Israel, West Orange, NJ

SBA PPP loan data, payroll data, and salaries for Daughters Of Israel
NJ Nonprofit Organization

Daughters Of Israel

Entity: Non-profit Organization

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: West Orange, NJ

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Daughters Of Israel is a non-profit organization located at 1155 Pleasant Valley Way in West Orange, New Jersey that received a Coronavirus-related PPP loan from the SBA of $3,122,770.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.12M

Jobs Retained:

260

Loan Approved:

2020-04-09

Lender:

VALLEY NATIONAL BANK

Daughters Of Israel received a Paycheck Protection Loan of $3.12M through VALLEY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Daughters Of Israel's total 2019 payroll expenses were approximately $14.99M in order to qualify for the PPP loan amount received.

Based on their reported 260 jobs retained, this equals an estimated average yearly compensation of $57,651 per employee1.

Because the loan received by Daughters Of Israel 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 - Daughters Of Israel in West Orange, NJ

Daughters Of Israel
1155 Pleasant Valley Way
West Orange, NJ 7052

Business Industry

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

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NJ-11

Similar Companies near West Orange

In the West Orange area, 4 businesses in the "Nursing Care Facilities (Skilled Nursing Facilities)" industry received a PPP loan. These local businesses reported an average of 172 employees (compared to this company's 260) and received an average PPP loan of $1,497,746 (compared to this company's $3.12M).

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, 75% lower than Daughters Of Israel's reported 260 employees, and received an average PPP loan of $557,944, 82% lower than this company's loan of $3.12M.

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/daughters-of-israel-west-orange-nj