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PPP Loan Data — Staten Island Aid For Retarded, Staten Island, NY

SBA PPP loan data, payroll data, and salaries for Staten Island Aid For Retarded
NY Nonprofit Organization

Staten Island Aid For Retarded

Entity: Non-profit Organization

Industry: Residential Intellectual and Developmental Disability Facilities

Location: Staten Island, NY

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Staten Island Aid For Retarded is a non-profit organization located at 3450 Victory Blvd in Staten Island, New York that received a Coronavirus-related PPP loan from the SBA of $4,116,464.00 in April, 2020.

$ PPP Loan Information
Loan #4984487205

Loan Size:


Jobs Retained:


Loan Approved:


Loan Status:

Paid in Full or Forgiven


Israel Discount Bank of New York

Staten Island Aid For Retarded in Staten Island, NY received a Paycheck Protection Loan of $4.12M through Israel Discount Bank of New York, which was approved in April, 2020.

This loan's status is reported by the SBA as "Paid in Full", which includes both loans repaid and those fully forgiven from repayment under PPP guidelines. The loan's status was last updated by the SBA in March, 2022.

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.

Read More
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.

Read More

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, Staten Island Aid For Retarded's 2019 payroll expenses are estimated to be at least $19.76M.

Based on their reported 400 jobs retained, this equals an estimated average yearly compensation of $49,398 per employee1

Reported PPP Proceed Usage:

On the PPP application, Staten Island Aid For Retarded reported intending to use the proceeds of their PPP loan for the following expenses:

  • Payroll: $3,087,348
  • Utilities: $514,558
  • Mortgage Interest: $514,558
Because the loan received by Staten Island Aid For Retarded 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 - Staten Island Aid For Retarded in Staten Island, NY

Staten Island Aid For Retarded
3450 Victory Blvd
Staten Island, NY 10314

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

Richmond County, NY — SBA Office 0202 — Congressional District: NY-11

Businesses Using Same Address:

There is one other business that received a PPP loan registered to the same address as Staten Island Aid For Retarded.

Staten Island Aid For Retarded Children
Other Individual and Family Services

$2M PPP Loan

Industry PPP Comparison Statistics

Nationwide, 2,975 businesses in the "Residential Intellectual and Developmental Disability Facilities" industry received a total of $1.27B 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 59 employees, 85% lower than Staten Island Aid For Retarded's reported 400 employees, and received an average PPP loan of $428,507, 90% lower than this company's loan of $4.12M.

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.

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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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** This Document Provided By - The Civil Employee's Resource **