PPP Loan Data — Julia Dyckman Andrus Memorial Inc, Yonkers, NY

NY Nonprofit Organization

Julia Dyckman Andrus Memorial Inc

Entity: Non-profit Organization

Industry: Other Residential Care Facilities

Location: Yonkers, NY

Julia Dyckman Andrus Memorial Inc is a non-profit organization located at 1156 North Broadway in Yonkers, New York that received a Coronavirus-related PPP loan from the SBA of $5,930,600.00 in April, 2020.

$ PPP Loan Information
Loan #9822787103

Loan Size:

$5.93M

Jobs Retained:

469

Loan Approved:

2020-04-15

Loan Status:

Ongoing Loan

Lender:

Manufacturers and Traders Trust Company

Julia Dyckman Andrus Memorial Inc in Yonkers, NY received a Paycheck Protection Loan of $5.93M through Manufacturers and Traders Trust Company, which was approved in April, 2020.

This loan has been disbursed by the lender and has not yet been fully repaid or forgiven. The exact status of ongoing loans is not released by the SBA.

Payroll Estimates Based On SBA PPP Loan Eligibility Formula

Understanding The SBA Formula For Determining PPP Loan Eligibility

The simplest way to describe the standard PPP calculation is that businesses are eligible to receive a maximum PPP loan of up to 2.5 x average 2019 monthly payroll costs. However, specific calculation methods vary based on entity type and have numerous qualifications.

Understanding Payroll Estimates Based On PPP Amount

Please note that payroll estimations are based on a simplified PPP eligibility formula and do not account for factors such as salaries over $100k and other PPP eligibility components.

Based on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Julia Dyckman Andrus Memorial Inc's 2019 payroll expenses are estimated to be at least $28.47M.

Based on their reported 469 jobs retained, this equals an estimated average yearly compensation of $60,697 per employee¹

Reported PPP Proceed Usage:

On the PPP application, Julia Dyckman Andrus Memorial Inc reported intending to use the proceeds of their PPP loan for the following expenses:

Payroll: $4,798,255
Health Care: $1,132,345

Because the loan received by Julia Dyckman Andrus Memorial 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 - Julia Dyckman Andrus Memorial Inc in Yonkers, NY

Julia Dyckman Andrus Memorial Inc
1156 North Broadway
Yonkers, NY 10701

Business Industry:
Other Residential Care Facilities
NAICS code 623990

Business Owner Demographics

Race: Unreported

Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Business Demographics

Business Age: Existing or more than 2 years old

LMI Zone: N

HUBZone: N

Rural / Urban: Urban

Westchester County, NY — SBA Office 0202 — Congressional District: NY-16

Industry PPP Comparison Statistics

Nationwide, 4,783 businesses in the "Other Residential Care Facilities" industry received a total of $897.66M in PPP loans. This industry in total received less than 1% of the total PPP funding distributed.

PPP recipients in this industry report an average of 27 employees, 94% lower than Julia Dyckman Andrus Memorial Inc's reported 469 employees, and received an average PPP loan of $187,677, 97% lower than this company's loan of $5.93M.

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. FederalPay does not modify the data and makes no claims regarding its accuracy.

Any corrections or modifications to this data can only be made via the SBA. For more information, please see the FederalPay PPP Data Policy.

Search FederalPay's Full PPP Loan Database

Footnotes & Information

1. Estimations for informational purposes only. 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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