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PPP Loan Data — Outreach Development Corporation, Richmond Hill, NY

SBA PPP loan data, payroll data, and salaries for Outreach Development Corporation
NY Nonprofit Organization

Outreach Development Corporation

Entity: Non-profit Organization

Industry: Other Individual and Family Services

Location: Richmond Hill, NY

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Outreach Development Corporation is a non-profit organization located at 11711 Myrtle Avenue in Richmond Hill, New York that received a Coronavirus-related PPP loan from the SBA of $2,750,000.00 in April, 2020.

$ PPP Loan Information

Loan Size:

$2.75M

Jobs Retained:

298

Loan Approved:

2020-04-13

Lender:

TD BANK, NATIONAL ASSOCIATION

Outreach Development Corporation in Richmond Hill, NY received a Paycheck Protection Loan of $2.75M through TD BANK, NATIONAL ASSOCIATION, which was approved in April, 2020.

Based on standard PPP eligibility rules, Outreach Development Corporation's total 2019 payroll expenses were approximately $13.2M in order to qualify for the PPP loan amount received.

Based on their reported 298 jobs retained, this equals an estimated average yearly compensation of $44,295 per employee1.

Because the loan received by Outreach Development Corporation 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 - Outreach Development Corporation in Richmond Hill, NY

Outreach Development Corporation
11711 Myrtle Avenue
Richmond Hill, NY 11418

Business Industry

Other Individual and Family Services (NAICS code 624190)

Business Owner Demographics

Race / Ethnicity: Unreported

Gender: Unreported

Veteran Status: Unreported

Congressional District: NY-05

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, 94% lower than Outreach Development Corporation's reported 298 employees, and received an average PPP loan of $145,761, 95% lower than this company's loan of $2.75M.

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.

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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/outreach-development-corporation-richmond-hill-ny