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PPP Loan Data — Jewish Community Center On The Palisades, Tenafly, NJ

SBA PPP loan data, payroll data, and salaries for Jewish Community Center On The Palisades
NJ Nonprofit Organization

Jewish Community Center On The Palisades

Entity: Non-profit Organization

Industry: Nursing Care Facilities (Skilled Nursing Facilities)

Location: Tenafly, NJ

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Jewish Community Center On The Palisades is a non-profit organization located at 411 E Clinton Ave in Tenafly, New Jersey that received a Coronavirus-related PPP loan from the SBA of $2,735,804.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.74M

Jobs Retained:

458

Loan Approved:

2020-04-09

Lender:

VALLEY NATIONAL BANK

Jewish Community Center On The Palisades received a Paycheck Protection Loan of $2.74M through VALLEY NATIONAL BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Jewish Community Center On The Palisades' total 2019 payroll expenses were approximately $13.13M in order to qualify for the PPP loan amount received.

Based on their reported 458 jobs retained, this equals an estimated average yearly compensation of $28,672 per employee1.

Because the loan received by Jewish Community Center On The Palisades 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 - Jewish Community Center On The Palisades in Tenafly, NJ

Jewish Community Center On The Palisades
411 E Clinton Ave
Tenafly, NJ 7670

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-09

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, 86% lower than Jewish Community Center On The Palisades' reported 458 employees, and received an average PPP loan of $557,944, 80% lower than this company's loan of $2.74M.

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.

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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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Source: www.federalpay.org/paycheck-protection-program/jewish-community-center-on-the-palisades-tenafly-nj