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PPP Loan Data — Mental Health Services For Homeless Persons Inc, Cleveland, OH

SBA PPP loan data, payroll data, and salaries for Mental Health Services For Homeless Persons Inc
OH Nonprofit Organization

Mental Health Services For Homeless Persons Inc

Entity: Non-profit Organization

Industry: Services for the Elderly and Persons with Disabilities

Location: Cleveland, OH

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Mental Health Services For Homeless Persons Inc is a non-profit organization located at 1744 Payne Ave in Cleveland, Ohio that received a Coronavirus-related PPP loan from the SBA of $3,523,700.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$3.52M

Jobs Retained:

360

Loan Approved:

2020-04-27

Lender:

FIFTH THIRD BANK

Mental Health Services For Homeless Persons Inc in Cleveland, OH received a Paycheck Protection Loan of $3.52M through FIFTH THIRD BANK, which was approved in April, 2020.

Based on standard PPP eligibility rules, Mental Health Services For Homeless Persons Inc's total 2019 payroll expenses were approximately $16.91M in order to qualify for the PPP loan amount received.

Based on their reported 360 jobs retained, this equals an estimated average yearly compensation of $46,983 per employee1.

Because the loan received by Mental Health Services For Homeless Persons 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 - Mental Health Services For Homeless Persons Inc in Cleveland, OH

Mental Health Services For Homeless Persons Inc
1744 Payne Ave
Cleveland, OH 44114

Business Industry

Services for the Elderly and Persons with Disabilities (NAICS code 624120)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: OH-11

Similar Companies near Cleveland

In the Cleveland area, 2 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a PPP loan. These local businesses reported an average of 181 employees (compared to this company's 360) and received an average PPP loan of $1,763,200 (compared to this company's $3.52M).

Similar Nearby Businesses Who Received PPP Funding:

The Arc Of Greater Cleveland
Cleveland, OH

$2,700 PPP Loan

Industry PPP Comparison Statistics

Nationwide, 7,046 businesses in the "Services for the Elderly and Persons with Disabilities" industry received a total of $1,535,554,395.00 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 32 employees, 91% lower than Mental Health Services For Homeless Persons Inc's reported 360 employees, and received an average PPP loan of $217,933, 94% lower than this company's loan of $3.52M.

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/mental-health-services-for-homeless-persons-inc-cleveland-oh