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PPP Loan Data — Jewish Community Council Of Greater Coney Island Inc., Brooklyn, NY

SBA PPP loan data, payroll data, and salaries for Jewish Community Council Of Greater Coney Island Inc.
NY Nonprofit Organization

Jewish Community Council Of Greater Coney Island Inc.

Entity: Non-profit Organization

Industry: Other Individual and Family Services

Location: Brooklyn, NY

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Jewish Community Council Of Greater Coney Island Inc. is a non-profit organization located at 3001 W 37th St in Brooklyn, New York that received a Coronavirus-related PPP loan from the SBA of $2,717,053.00 in May, 2020.

$ PPP Loan Information

Loan Size:

$2.72M

Jobs Retained:

221

Loan Approved:

2020-05-01

Lender:

JPMORGAN CHASE BANK, NATIONAL ASSOCIATION

Jewish Community Council Of Greater Coney Island Inc. in Brooklyn, NY received a Paycheck Protection Loan of $2.72M through JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, which was approved in May, 2020.

Based on standard PPP eligibility rules, Jewish Community Council Of Greater Coney Island Inc.'s total 2019 payroll expenses were approximately $13.04M in order to qualify for the PPP loan amount received.

Based on their reported 221 jobs retained, this equals an estimated average yearly compensation of $59,013 per employee1.

Because the loan received by Jewish Community Council Of Greater Coney Island 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 - Jewish Community Council Of Greater Coney Island Inc. in Brooklyn, NY

Jewish Community Council Of Greater Coney Island Inc.
3001 W 37th St
Brooklyn, NY 11224

Business Industry

Other Individual and Family Services (NAICS code 624190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-08

Similar Companies near Brooklyn

In the Brooklyn area, 3 businesses in the "Other Individual and Family Services" industry received a PPP loan. These local businesses reported an average of 75 employees (compared to this company's 221) and received an average PPP loan of $933,491 (compared to this company's $2.72M).

Industry PPP Comparison Statistics

Nationwide, 15,794 businesses in the "Other Individual and Family Services" industry received a total of $2,302,146,944.00 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 17 employees, 92% lower than Jewish Community Council Of Greater Coney Island Inc.'s reported 221 employees, and received an average PPP loan of $145,761, 95% lower than this company's loan of $2.72M.

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/jewish-community-council-of-greater-coney-island-inc-brooklyn-ny