Civic Intelligence

Parallel Housing Inc.

990PF • Fiscal year 2017 • EIN 56-2318420

Jan 01, 2017 to Dec 31, 2017 • Filed on Apr 12, 2019

198 BoulevardAthens, GA 30601

(706) 207-1715

Siviq Scores

Scores are not available for this record yet.

Balance Sheet

Assets

Up

$1,684,498

Up $292,915 (+21%) from 2016

Net Assets

Up

$1,680,898

Up $291,992 (+21%) from 2016

Liabilities

Up

$3,600

Up $923 (+34%) from 2016

Revenue And Expenses

Revenue

Down

$609,882

Down $445,621 (-42%) from 2016

Expenses

Up

$317,890

Up $18,691 (+6.2%) from 2016

Net Income

Down

$291,992

Down $464,312 (-61%) from 2016

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$3.0M$2.0M$1.0M$0-$1.0MAssets 2011: $87,407Liabilities 2011: $54,8602011Assets 2012: $363,786Liabilities 2012: $2,5202012Assets 2013: $248,972Liabilities 2013: $2302013Assets 2014: $356,542Liabilities 2014: $600Net Assets 2014: $355,9422014Assets 2015: $633,202Liabilities 2015: $6002015Assets 2016: $1,391,583Liabilities 2016: $2,677Net Assets 2016: $1,388,9062016Assets 2017: $2,224,498Liabilities 2017: $3,600Net Assets 2017: $2,220,8982017Assets 2017: $1,684,498Liabilities 2017: $3,600Net Assets 2017: $1,680,8982017Assets 2018: $1,562,529Liabilities 2018: $3,600Net Assets 2018: $1,558,9292018Assets 2019: $1,329,029Liabilities 2019: $3,6002019Assets 2020: $742,181Liabilities 2020: -$250Net Assets 2020: $742,4312020Assets 2021: $698,531Liabilities 2021: $0Net Assets 2021: $698,5312021Assets 2022: $693,789Liabilities 2022: $1,826Net Assets 2022: $691,9632022Assets 2023: $730,548Liabilities 2023: $1,8262023Assets 2024: $783,816Liabilities 2024: $154,726Net Assets 2024: $629,0902024

Highlighted filing

2017

Assets$1,684,498
Liabilities$3,600
Net Assets$1,680,898

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$1.5M$1.0M$500K$0-$500K-$1.0MRevenue 2011: $592,811Expenses 2011: $532,819Net Income 2011: $59,9922011Revenue 2012: $840,986Expenses 2012: $512,267Net Income 2012: $328,7192012Revenue 2013: $137,835Expenses 2013: $250,359Net Income 2013: -$112,5242013Revenue 2014: $463,239Expenses 2014: $356,039Net Income 2014: $107,2002014Revenue 2015: $510,157Expenses 2015: $233,497Net Income 2015: $276,6602015Revenue 2016: $1,055,503Expenses 2016: $299,199Net Income 2016: $756,3042016Revenue 2017: $1,149,882Expenses 2017: $317,890Net Income 2017: $831,9922017Revenue 2017: $609,882Expenses 2017: $317,890Net Income 2017: $291,9922017Revenue 2018: $140,631Expenses 2018: $262,600Net Income 2018: -$121,9692018Revenue 2019: $35,375Expenses 2019: $268,875Net Income 2019: -$233,5002019Revenue 2020: $20,345Expenses 2020: $603,343Net Income 2020: -$582,9982020Revenue 2021: $243,408Expenses 2021: $287,308Net Income 2021: -$43,9002021Revenue 2022: $217,532Expenses 2022: $224,100Net Income 2022: -$6,5682022Revenue 2023: $270,027Expenses 2023: $233,268Net Income 2023: $36,7592023Revenue 2024: $701,472Expenses 2024: $801,104Net Income 2024: -$99,6322024

Highlighted filing

2017

Revenue$609,882
Expenses$317,890
Net Income$291,992
Jump To
Filing Snapshot
Filing Period
Jan 1, 2017 to Dec 31, 2017
Signed
Apr 12, 2019
Return Version
2017v2.2
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
ALAN GREGG BAYARDDirectorFT$120,500-$120,500
FRANK CURRY WADSWORTHDirectorFT$119,325-$119,325
BRAD HOWARDDirector-$0--
RICK WADSWORTHDirector-$0--
RON SCHWARTZDirector-$0--
Filing and Contact Details

Filer

Filer Name
Parallel Housing Inc
EIN
56-2318420
Phone
7062071715
Address
198 BOULEVARD, ATHENS, GA 30601

Signing Officer

Name
Alan Gregg Bayard
Title
Director
Signed
2019-04-12
Discuss with paid preparer
Yes

Preparer

Firm
Ashley S Carney
Address
186 Boulevard, Athens, GA 30601
Preparer
Ashley S Carney
Phone
7062966006
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IRS990PF/RlnOfActyToAccomOfExmptPrpsGrp/RlnOfActyToAccomOfExmptPrpsGrp/RelationshipStatementTxt0The Foundations tax exempt purpose is to further the development and operation of sustainable, affordable housing for low income individuals. The organization has sponsored the development and construction of 320 apartment units in Savannah, GA: 110 multifamily were placed in the service August 2009; 110 additional multifamily and 100 senior units were place into service December 2011. In October 2012, 50 family town homes in Pooler, GA were placed into service. In October 2015, 43 renovated Section 8 family apartments in Atlanta, GA were placed into service; in August 2016, 44 units of senior housing in Madison, GA were placed into service; 67 units of family apartments in East Point, GA were under construction as of December 2017. In addition, 44 units of family housing in Eminence, KY were placed into service December 2017. Tax Credits were awarded in the 2017 Georgia LIHTC round for a 91-unit senior development in Atlanta, GA. The Foundation applied to the State of Georgia for LIHT
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IRS990PF/StatementsRegardingActy4720Grp/TransactionsFailToQlfyAsExcInd0false
IRS990PF/StatementsRegardingActy4720Grp/TransferAstDisqualifiedPrsnInd0false
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IRS990PF/StatementsRegardingActyGrp/AtLeast5000InAssetsInd0true
IRS990PF/StatementsRegardingActyGrp/ChangesToArticlesOrBylawsInd0false
IRS990PF/StatementsRegardingActyGrp/ComplyWithPublicInspRqrInd0true
IRS990PF/StatementsRegardingActyGrp/DonorAdvisedFundInd0false
IRS990PF/StatementsRegardingActyGrp/ForeignAccountsQuestionInd0false
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IRS990PF/StatementsRegardingActyGrp/Form990PFFiledWithAttyGenInd0true
IRS990PF/StatementsRegardingActyGrp/Form990TFiledInd0false
IRS990PF/StatementsRegardingActyGrp/LegislativePoliticalActyInd0false
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/AddressLine1Txt0198 BOULEVARD
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/CityNm0ATHENS
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/StateAbbreviationCd0GA
IRS990PF/StatementsRegardingActyGrp/LocationOfBooksUSAddress/ZIPCd030601
IRS990PF/StatementsRegardingActyGrp/MoreThan100SpentInd0false
IRS990PF/StatementsRegardingActyGrp/NewSubstantialContributorsInd0false
IRS990PF/StatementsRegardingActyGrp/OrganizationDissolvedEtcInd0false
IRS990PF/StatementsRegardingActyGrp/OrgReportOrRegisterStateCd0GA
IRS990PF/StatementsRegardingActyGrp/OwnControlledEntityInd0false
IRS990PF/StatementsRegardingActyGrp/PersonsWithBooksName/BusinessNameLine1Txt0ALAN GREGG BAYARD
IRS990PF/StatementsRegardingActyGrp/PhoneNum07062071715
IRS990PF/StatementsRegardingActyGrp/PrivateOperatingFoundationInd0false
IRS990PF/StatementsRegardingActyGrp/Section508eRqrSatisfiedInd0false
IRS990PF/StatementsRegardingActyGrp/UnrelatedBusIncmOverLimitInd0false
IRS990PF/StatementsRegardingActyGrp/WebsiteAddressTxt0N/A
IRS990PF/SupplementaryInformationGrp/OnlyContriToPreselectedInd0X
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/LoansOrLoanGuaranteesInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PerformanceOfServicesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/PurchaseOfAssetsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/ReimbursementArrangementsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RelationshipsNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/RentalOfFacilitiesOthAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SalesOrExchangesOfAssetsInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/SharingOfFacilitiesEtcInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOfCashToNonchrtblEOInd0false
IRS990PF/TrnsfrTransRlnNonchrtblEOGrp/TrnsfrOtherAssetNonchrtblEOInd0false
IRS990PF/UndistributedIncomeGrp/AppliedToCurrentYearAmt04615
IRS990PF/UndistributedIncomeGrp/DistributableAsAdjustedAmt04615
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr1Amt095409
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr2Amt0219469
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr3Amt0340482
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr4Amt0236270
IRS990PF/UndistributedIncomeGrp/ExcessDistributionCyovYr5Amt0504705
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovFromYr5Amt0504705
IRS990PF/UndistributedIncomeGrp/ExcessDistriCyovToNextYrAmt01203448
IRS990PF/UndistributedIncomeGrp/ExcessFromCurrentYearAmt0311818
IRS990PF/UndistributedIncomeGrp/ExcessFromYear1Amt095409
IRS990PF/UndistributedIncomeGrp/ExcessFromYear2Amt0219469
IRS990PF/UndistributedIncomeGrp/ExcessFromYear3Amt0340482
IRS990PF/UndistributedIncomeGrp/ExcessFromYear4Amt0236270
IRS990PF/UndistributedIncomeGrp/QualifyingDistributionsAmt0316433
IRS990PF/UndistributedIncomeGrp/RemainingDistriFromCorpusAmt0311818
IRS990PF/UndistributedIncomeGrp/TotalCorpusAmt01708153
IRS990PF/UndistributedIncomeGrp/TotalExcessDistributionCyovAmt01396335
IRS990PF/UndistributedIncomeGrp/TreatedAsDistriFromCorpusAmt00
IRS990PF/UndistributedIncomeGrp/UndistributedIncomeCYAmt00
LandEtcSchedule2/LandEtcGrp/AccumulatedDepreciationAmt09252
LandEtcSchedule2/LandEtcGrp/BookValueAmt03611
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt0Furniture and Fixtures
LandEtcSchedule2/LandEtcGrp/CategoryOrItemTxt1Miscellaneous
LandEtcSchedule2/LandEtcGrp/CostOrOtherBasisAmt012863
LandEtcSchedule2/LandEtcGrp/EOYFMVAmt03611
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt07700
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt189
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt2893
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt3508
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt4366
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt5910
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt6384
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt7556
OtherExpensesSchedule/OtherExpensesScheduleGrp/AdjustedNetIncomeAmt8131
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc0ADMIN AND OVERHEAD
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc1BANK SERVICE FEE
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc2COMPUTER EXPENSES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc3DUES AND SUBSCRIPTIONS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc4EDUCATION
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc5LICENSE AND PERMITS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc6MISCELLANEOUS
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc7OFFICE SUPPLIES
OtherExpensesSchedule/OtherExpensesScheduleGrp/Desc8POSTAGE
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt07700
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt189
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt2893
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt3508
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt4366
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt5910
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt6384
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt7556
OtherExpensesSchedule/OtherExpensesScheduleGrp/DisbursementsCharitablePrpsAmt8131
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt07700
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt189
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt2893
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt3508
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt4366
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt5910
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt6384
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt7556
OtherExpensesSchedule/OtherExpensesScheduleGrp/RevenueAndExpensesPerBooksAmt8131
OtherIncomeSchedule2/OtherIncomeDetail/Desc0AFFORDABLE HOUSING
OtherIncomeSchedule2/OtherIncomeDetail/RevenueAndExpensesPerBooksAmt0609655
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt018347
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt125854
TaxesSchedule/TaxesDetail/AdjustedNetIncomeAmt231
TaxesSchedule/TaxesDetail/Amt018347
TaxesSchedule/TaxesDetail/Amt125854
TaxesSchedule/TaxesDetail/Amt231
TaxesSchedule/TaxesDetail/CategoryTxt0PAYROLL TAXES
TaxesSchedule/TaxesDetail/CategoryTxt1TAXES
TaxesSchedule/TaxesDetail/CategoryTxt2TAXES AND LICENSES
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt018347
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt125854
TaxesSchedule/TaxesDetail/DisbursementsCharitablePrpsAmt231
ReturnHeader/BuildTS02019-02-21 02:37:17Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0ALAN GREGG BAYARD
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0Director
ReturnHeader/BusinessOfficerGrp/SignatureDt02019-04-12
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0PARALLEL HOUSING INC
ReturnHeader/Filer/BusinessNameControlTxt0PARA
ReturnHeader/Filer/EIN0562318420
ReturnHeader/Filer/PhoneNum07062071715
ReturnHeader/Filer/USAddress/AddressLine1Txt0198 BOULEVARD
ReturnHeader/Filer/USAddress/CityNm0ATHENS
ReturnHeader/Filer/USAddress/StateAbbreviationCd0GA
ReturnHeader/Filer/USAddress/ZIPCd030601
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Ashley S Carney
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0186 Boulevard
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Athens
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0GA
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd030601
ReturnHeader/PreparerPersonGrp/PhoneNum07062966006
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0Ashley S Carney
ReturnHeader/PreparerPersonGrp/SelfEmployedInd0X
ReturnHeader/ReturnTs02019-04-12T05:15:21-07:00
ReturnHeader/ReturnTypeCd0990PF
ReturnHeader/TaxPeriodBeginDt02017-01-01

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$0.78$0.15$0.63$0.70$0.80$0.10
2023Summary only. Only limited summary data is available for this year.$0.73$0.00$0.27$0.23$0.04
2022Detailed filing. Detailed filing data is available for this year.$0.69$0.00$0.69$0.22$0.22$0.01
2021XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$0.70$0.00$0.70$0.24$0.29$0.04
2020Detailed filing. Detailed filing data is available for this year.$0.74$0.00$0.74$0.02$0.60$0.58
2019Summary only. Only limited summary data is available for this year.$1.33$0.00$0.04$0.27$0.23
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$1.56$0.00$1.56$0.14$0.26$0.12
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.22$0.00$2.22$1.15$0.32$0.83
2017Detailed filing. Detailed filing data is available for this year.$1.68$0.00$1.68$0.61$0.32$0.29
2016Detailed filing. Detailed filing data is available for this year.$1.39$0.00$1.39$1.06$0.30$0.76
2015Summary only. Only limited summary data is available for this year.$0.63$0.00$0.51$0.23$0.28
2014Detailed filing. Detailed filing data is available for this year.$0.36$0.00$0.36$0.46$0.36$0.11
2013Summary only. Only limited summary data is available for this year.$0.25$0.00$0.14$0.25$0.11
2012Summary only. Only limited summary data is available for this year.$0.36$0.00$0.84$0.51$0.33
2011Summary only. Only limited summary data is available for this year.$0.09$0.05$0.59$0.53$0.06