Nonprofit · EIN 56-2318420
PARALLEL HOUSING INC
Tax-exempt · ATHENS, GA 30601
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990-PF | $701,472 | $801,104 | -$99,632 | $783,816 | $154,726 | $629,090 |
| December 31, 2023 | 990-PF | $270,027 | $233,268 | $36,759 | $730,548 | $1,826 | $728,722 |
Financial details: 990-PF for the year ended December 31, 2024
Revenue
- Interest
- $7,671
- Other income
- $693,801
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $379,733
- Disbursements for charitable purposes
- $799,720
- Excise tax on investment income
- $107
Balance sheet and other
- Total assets, start of year
- $730,548
- Total assets, end of year
- $783,816
- Total liabilities, end of year
- $154,726
- Net assets, end of year
- $629,090
- Fair market value of assets
- $781,011
- Qualifying distributions
- $799,720
- Net investment income
- $7,671
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990-PF for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ALAN GREGG BAYARD 198 BOULEVARD, ATHENS, GA 30601 | PRESIDENT | 40 | $379,733 | $46,000 |
| RICK WADSWORTH 198 BOULEVARD, ATHENS, GA 30601 | DIRECTOR | 0 | $0 | $0 |
| RON SCHWARTZ 315 NORTH STREET, CRAWFORD, GA 30630 | DIRECTOR | 0 | $0 | $0 |
990-PF for the year ended December 31, 2023: 3 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ALAN GREGG BAYARD 198 BOULEVARD, ATHENS, GA 30601 | PRESIDENT | 40 | $175,000 |
| RICK WADSWORTH 198 BOULEVARD, ATHENS, GA 30601 | DIRECTOR | 0 | $0 |
| RON SCHWARTZ 315 NORTH STREET, CRAWFORD, GA 30630 | DIRECTOR | 0 | $0 |
Address and contacts
- Address (IRS master file)
- 198TH BLVD, ATHENS, GA 30601-0000
- In care of
- % ALAN GREGG BAYARD
- Signed the 990-PF
- ALAN GREGG BAYARD, PRESIDENT
- Phone
- (706) 207-1715
- Return prepared by
- Cash Accounting
What it must file and when
IRS records say it files Form 990-PF. Private foundations file every year. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990-PF on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990-PF on file |
IRS record
- EIN
- 56-2318420
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Private non-operating foundation
- Donations deductible (Pub 78)
- Private foundation, 30% limit
- Exempt since
- 2004
- Accounting year ends
- December
- Files
- Form 990-PF
- Category (NTEE)
- Housing and shelter (L21)
- Assets (IRS master file)
- $783,816
- Income (IRS master file)
- $701,472
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990-PF | December 2024 | $701,472 | $801,104 | $783,816 | XML |
| 990-PF | December 2023 | $270,027 | $233,268 | $730,548 | XML |
| 990-PF | December 2022 | – | – | – | IRS |
| 990-PF | December 2021 | – | – | – | IRS |
| 990-PF | December 2020 | – | – | – | IRS |
| 990-PF | December 2018 | – | – | – | IRS |
| 990-PF | December 2017 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 56-2318420).
Questions about PARALLEL HOUSING INC
- What is the EIN of PARALLEL HOUSING INC?
- The employer identification number (EIN) of PARALLEL HOUSING INC is 56-2318420.
- Is PARALLEL HOUSING INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2004.
- Are donations to PARALLEL HOUSING INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Private foundation, 30% limit).
- Which annual return does PARALLEL HOUSING INC file?
- Form 990-PF. Private foundations file every year.
- When is the next return of PARALLEL HOUSING INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PARALLEL HOUSING INC last file with the IRS?
- The latest return in the IRS public files is the 990-PF for the year ended December 2024.
- Who are the officers and directors of PARALLEL HOUSING INC?
- The 990-PF for the year ended December 31, 2024 lists 3 people; 1 received compensation from the organization, the highest $379,733 (ALAN GREGG BAYARD, PRESIDENT).
- How much revenue does PARALLEL HOUSING INC have?
- On its 990-PF for the year ended December 31, 2024 it reported revenue of $701,472, expenses of $801,104 and total assets of $783,816 at year end.
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- ATHENS HOMELESS PROPERTYCORPORATION EIN 26-0492571 · last filed 990 for 2024
- FAMILY PROMISE OF ATHENS INC EIN 57-1154361 · last filed 990 for 2025
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- ATHENS HOUSING REDEVELOPMENT INC EIN 32-0383573 · last filed 990 for 2025