Parallel Housing Inc in Crawford, Georgia (GA)

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Parallel Housing Inc
Employer Identification Number (EIN)562318420
Name of OrganizationParallel Housing Inc
In Care of NameFrank Curry Wadsworth Jr
Address315 North St, Crawford, GA 30630-2414
SubsectionCharitable Organization
Ruling Date02/2004
DeductibilityContributions are deductible
FoundationPrivate non-operating foundation
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2012
Assets$25,000 to $99,999
Income$100,000 to $499,999
Filing Requirement990 - Not required to file (all other) (990-PF required)
Asset Amount$363,786
Amount of Income$840,986
Form 990 Revenue Amount$592,811
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Public Housing Facilities


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Amount of income in 2012: $840,986 (it was $592,811 in 2011)
Parallel Housing Inc: 

 $840,986
Other organizations performing similar types of work: 

 $148,094

Assets in 2012: $363,786 (it was $87,407 in 2011)
Parallel Housing Inc: 

 $363,786
Other organizations performing similar types of work: 

 $1,184,710

Financial snapshot ($)

Revenue for 2011

Expenses for 2011

Assets for 2011

Analysis of Revenue and Expenses (for 2011)
Revenue and expenses per booksNet investment incomeAdjusted net incomeDisbursements for charitable purposes (cash basis only)
Total revenue$592,811$0$592,811
Contributions, gifts, grants, etc., received$0
Interest on savings and temporary cash investments$157
Dividends and interest from securities$0
Gross rents$0
Gross profit from sales of goods$0
Other income$592,654
Total expenses and disbursements$532,819$0$532,619$532,819
Compensation of officers, directors, trustees, etc.$376,000
Total operating and administrative expenses$532,619$0$532,619
Contributions, gifts, grants paid$200
Excess of revenue over expenses and disbursements$59,992
Net investment income$0
Adjusted net income$60,192
Balance Sheets (for 2011)
Book ValueFair Market Value
Total assets$87,407$87,407
Cash - non-interest-bearing$73,548
Investments-U.S. and state government obligations$0
Investments-corporate stock$0
Investments-corporate bonds$0
Investments-mortgage loans$0
Investments-other$0
Other$13,859
Total liabilities$54,860
Mortgages and other notes payable$0
Other$54,860
Total liabilities and net assets/fund balances$32,547
Capital Gains and Losses for Tax on Investment Income (for 2011)
Capital gain net income$0
Net capital loss$0
Excise Tax Based on Investment Income (for 2011)
Domestic foundations that meet the section 4940(e) requirements (for Reduced Tax on Net Investment Income)No
Tax based on investment income$0
Total credits and payments$0
Any penalty for underpayment of estimated tax$0
Tax due$0
Amount to be credited to 2012 estimated tax$0
Statements Regarding Activities (for 2011)
During the tax year, did the foundation attempt to influence any national, state, or local legislation or did it participate or intervene in any political campaign?No
Was there a liquidation, termination, dissolution, or substantial contraction during the year?No
Is the foundation claiming status as a private operating foundation within the meaning of section 4942(j)(3) or 4942(j)(5) for calendar year 2011 or the taxable year beginning in 2011?No
Statements Regarding Activities for Which Form 4720 May Be Required (for 2011)
During the year did the foundation (either directly or indirectly):
Engage in the sale or exchange, or leasing of property with a disqualified person?No
Borrow money from, lend money to, or otherwise extend credit to (or accept it from) a disqualified person?No
Furnish goods, services, or facilities to (or accept them from) a disqualified person?No
Pay compensation to, or pay or reimburse the expenses of, a disqualified person?No
Transfer any income or assets to a disqualified person (or make any of either available for the benefit or use of a disqualified person)?No
Agree to pay money or property to a government official?No
At the end of tax year 2011, did the foundation have any undistributed income for tax year(s) beginning before 2011?No
Did the foundation hold more than a 2% direct or indirect interest in any business enterprise at any time during the year?No
Did the foundation invest during the year any amount in a manner that would jeopardize its charitable purposes?No
During the year did the foundation pay or incur any amount to:
Carry on propaganda, or otherwise attempt to influence legislation (section 4945(e))?No
Influence the outcome of any specific public election (see section 4955); or to carry on, directly or indirectly, any voter registration drive?No
Provide a grant to an individual for travel, study, or other similar purposes?No
Provide a grant to an organization other than a charitable, etc., organization described in section 509(a)(1), (2), or (3), or section 4940(d)(2)?No
Provide for any purpose other than religious, charitable, scientific, literary, or educational purposes, or for the prevention of cruelty to children or animals?No
Minimum Investment Return (for 2011)
Fair market value of assets not used (or held for use) directly in carrying out charitable, etc., purposes$46,113
Net value of noncharitable-use assets$45,420
Minimum investment return$2,271
Distributable Amount (for 2011)
Distributable amount$2,271
Undistributed Income (for 2011)
Distributable amount for 2011$2,271
Undistributed income for 2011. This amount must be distributed in 2012$0
Private Operating Foundations (for 2011)
2011201020092008Total
The lesser of the adjusted net income or the minimum investment return$0$0$0$0$0
Qualifying distributions made directly for active conduct of exempt activities$0$0$0$0$0
Value of all assets$0$0$0$0$0
Value of assets qualifying under section 4942(j)(3)(B)(i)$0$0$0$0$0
2/3 of minimum investment return$0$0$0$0$0
Total support other than gross investment income (interest, dividends, rents, payments on securities loans (section 512(a)(5)), or royalties)$0$0$0$0$0
Support from general public and 5 or more exempt organizations as provided in section 4942(j)(3)(B)(iii)$0$0$0$0$0
Gross investment income$0$0$0$0$0
Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Episcopal Communities & Services For Seniors1111 S Arroyo Pkwy Ste 230, Pasadena, CA 91105-3269CA1942-04$135,288,014
2Eah University Properties Inc2169 Francisco Blvd E Ste B, San Rafael, CA 94901-5531CA2002-08$83,825,063
3Wisconsin Housing Preservation Corp2 E Mifflin St, Madison, WI 53703-2889WI2002-04$60,135,440
4Lester And Rosalie Anixter Center, Anixter Center6610 N Clark Street, Chicago, IL 60626-4062IL2008-10$29,494,735
5Coastal Enterprises IncPO BOX 268, Wiscasset, ME 04578-0268ME1978-10$17,232,657
6Porter Avenue Housing Development Fund Corporation232 E 84th St, New York, NY 10028-2902NY2003-05$13,888,555
7Community Housing Concepts Inc6795 East Tennessee Avenue No 510, Denver, CO 80224-1614CO2005-11$10,356,866
8Mercy Properties Washington Ii1999 Broadway Ste 1000, Denver, CO 80202-5704CO2004-02$6,254,315
9Wakeland Housing And Development Corporation1230 Columbia St Ste 950, San Diego, CA 92101-8588CA1999-08$5,167,276
10Rha Afforable Housing Ii Inc3060 Peachtree Rd Ne, Atlanta, GA 30305GA1999-05$3,723,328
11Rha Management Services Inc3060 Peachtree Rd Nw Suite 900, Atlanta, GA 30305-2256GA1998-03$13,966,809
12Farh-Fox Lake Affordable Housing Inc3330 Cumberland Blvd Suite 900, Atlanta, GA 30339-5998GA2005-11$5,820,407
13Briarcliff Oaks Inc2982 Briarcliff Road Ne, Atlanta, GA 30329-2585GA2009-08$1,659,058
14Qls Gardens IncPO BOX 311045, Atlanta, GA 31131-1045GA2001-06$1,268,308
15Larry Moore Manor Inc7340 Lester Road, Union City, GA 30291-2390GA2005-10$928,485
16Promise Land Community Development CorporationPO BOX 667, Pooler, GA 31322-0667GA2000-07$915,318
17John Sparks Manor Inc7350 Lester Road, Union City, GA 30291-2339GA2005-10$855,526
18Parallel Housing Inc315 North St, Crawford, GA 30630-2414GA2004-02$840,986
19Bethel Housing Complex Inc507 Swift Street, Albany, GA 31705-2077GA1995-09$788,455
20True Vine Experience Inc3660 Lower Roswell Rd, Marietta, GA 30068-3938GA2007-06$495,515
21Evangeline Booth Residence Inc1424 Northeast Expressway Ne, Atlanta, GA 30329-2018GA2007-06$428,281
22Pepper Ridge Development LlcPO BOX 2285, Valdosta, GA 31604-2285GA2006-01$378,734
23Progressive Columbia Inc321 W Hill St Ste 3, Decatur, GA 30030-4362GA1996-02$343,630
24Georgia Residential And Community Health Care Inc, Dba Georgia Community Private Home5644 Hunters Crossing Ct, Lithonia, GA 30038-1529GA2005-02$332,594
25Johnny B Moore Towers Inc2283 Baker Rd Nw, Atlanta, GA 30318-6220GA2001-05$288,378
26Rainbow Heights Ince3510 Shallowford Rd Ne, Atlanta, GA 30341-2909GA2004-01$240,795
27Buckingham Terrace Inc1000 Buckingham Ter, Brunswick, GA 31525-2382GA1995-08$221,773
28Independent Living Horizons Inc1355 Independence Dr, Augusta, GA 30901-1037GA2004-04$206,289
29Oakland Oaks Apartments Inc201 Oakland St, Cummming, GA 30040-2670GA1995-11$205,110
30East Augusta Community Development Corporation1011 12th St, Augusta, GA 30901-2703GA2012-04$191,943
Number of organizations performing similar types of work
Alaska9
Alabama46
Arkansas40
Arizona34
California337
Colorado38
Connecticut36
District of Columbia17
Delaware24
Florida121
Georgia97
Hawaii19
Iowa21
Idaho13
Illinois97
Indiana43
Kansas9
Kentucky49
Louisiana95
Massachusetts92
Maryland68
Maine12
Michigan113
Minnesota68
Missouri56
Mississippi33
Montana9
North Carolina108
North Dakota8
Nebraska22
New Hampshire24
New Jersey88
New Mexico15
Nevada10
New York244
Ohio129
Oklahoma33
Oregon28
Pennsylvania101
Rhode Island28
South Carolina53
South Dakota14
Tennessee63
Texas162
Utah11
Virginia51
Vermont7
Washington37
Wisconsin29
West Virginia12
Wyoming5
International21
Total2,899

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