Parallel Housing Inc

Athens, GA
Tax-exempt since Feb. 2004
EIN: 56-2318420

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Type of Nonprofit

Designated as a 501(c)(3) Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Public Housing Facilities (NTEE)

Donations to this organization are tax deductible.

Revenue

$270k (2023)

Expenses

$233k (2023)

Total Assets

$731k (2023)

Total Liabilities

$1.83k (2023)

Source: Form 990 tax filings from 2011 to 2023

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending Dec.
2023

Revenue

$270,027

Expenses

$233,268

Net Income

$36,759

Net Assets

$728,722

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$15,036	5.6%
Dividends	$0
Sales of Assets	$0
Other Income	$254,991	94.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$231,811	99.4%
Compensation of Officers*	$175,000	75.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$730,548
Total Liabilities	$1,826
Net Assets	$728,722

Compensation

Key Employees and Officers	Compensation	Other
Alan Gregg Bayard (President)	$175,000	$0
Rick Wadsworth (Director)	$0	$0
Ron Schwartz (Director)	$0	$0

990-PF

Filed on June 12, 2024

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2022

Revenue

$217,532

Expenses

$224,100

Net Income

-$6,568

Net Assets

$691,963

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,343	1.5%
Dividends	$0
Sales of Assets	$0
Other Income	$214,189	98.5%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$222,789	99.4%
Compensation of Officers*	$175,000	78.1%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$693,789
Total Liabilities	$1,826
Net Assets	$691,963

Compensation

Key Employees and Officers	Compensation	Other
Alan Gregg Bayard (President)	$175,000	$0
Rick Wadsworth (Director)	$0	$0
Ron Schwartz (Director)	$0	$0

990-PF

Filed on Nov. 14, 2023

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2021

Revenue

$243,408

Expenses

$287,308

Net Income

-$43,900

Net Assets

$698,531

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$290	0.1%
Dividends	$0
Sales of Assets	$0
Other Income	$243,118	99.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$286,194	99.6%
Compensation of Officers*	$175,000	60.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$698,531
Total Liabilities	$0
Net Assets	$698,531

Compensation

Key Employees and Officers	Compensation	Other
Alan Gregg Bayard (President)	$175,000	$0
Rick Wadsworth (Director)	$0	$0
Ron Schwartz (Director)	$0	$0

990-PF

Filed on Oct. 21, 2022

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2020

Revenue

$20,345

Expenses

$603,343

Net Income

-$582,998

Net Assets

$742,431

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$16,745	82.3%
Dividends	$0
Sales of Assets	$0
Other Income	$3,600	17.7%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$468,480	77.6%
Compensation of Officers*	$168,750	28.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$742,181
Total Liabilities	-$250
Net Assets	$742,431

Compensation

Key Employees and Officers	Compensation	Other
Alan Gregg Bayard (President)	$168,750	$40,000
Rick Wadsworth (Director)	$0	$0
Ron Schwartz (Director)	$0	$0

990-PF

Filed on Nov. 1, 2021

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

XML

Fiscal Year Ending Dec.
2019

Revenue

$35,375

Expenses

$268,875

Net Income

-$233,500

Net Assets

$1,325,429

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$3,065	8.7%
Dividends	$0
Sales of Assets	$0
Other Income	$32,310	91.3%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$267,416	99.5%
Compensation of Officers*	$150,184	55.9%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,329,029
Total Liabilities	$3,600
Net Assets	$1,325,429

Compensation

Key Employees and Officers	Compensation	Other
Alan Gregg Bayard (President)	$150,184	$30,000
Rick Wadsworth (Director)	$0	$0
Ron Schwartz (Director)	$0	$0

990-PF

Filed on July 8, 2020

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2018

Revenue

$140,631

Expenses

$262,600

Net Income

-$121,969

Net Assets

$1,558,929

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$1,590	1.1%
Dividends	$0
Sales of Assets	$0
Other Income	$139,041	98.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$261,304	99.5%
Compensation of Officers*	$217,083	82.7%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,562,529
Total Liabilities	$3,600
Net Assets	$1,558,929

Compensation

Key Employees and Officers	Compensation	Other
Alan Gregg Bayard (Director)	$117,916	$0
Frank Curry Wadsworth (Director)	$99,167	$0
Brad Howard (Director)	$0	$0
Rick Wadsworth (Director)	$0	$0
Ron Schwartz (Director)	$0	$0

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990-PF

Filed on Nov. 13, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2017

Revenue

$609,882

Expenses

$317,890

Net Income

$291,992

Net Assets

$1,680,898

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$227	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$609,655	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$316,433	99.5%
Compensation of Officers*	$239,825	75.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

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

Compensation

Key Employees and Officers	Compensation	Other
Alan Gregg Bayard (Director)	$120,500	$0
Frank Curry Wadsworth (Director)	$119,325	$0
Brad Howard (Director)	$0	$0
Rick Wadsworth (Director)	$0	$0
Ron Schwartz (Director)	$0	$0

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990-PF

Filed on April 12, 2019

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

View Filing (2 of 2) PDF (2 of 2)

Fiscal Year Ending Dec.
2016

Revenue

$1,055,503

Expenses

$299,199

Net Income

$756,304

Net Assets

$1,388,906

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$656	0.1%
Dividends	$0
Sales of Assets	$0
Other Income	$1,054,847	99.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$108,723	36.3%
Compensation of Officers*	$210,000	70.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$1,391,583
Total Liabilities	$2,677
Net Assets	$1,388,906

Compensation

Key Employees and Officers	Compensation	Other
Alan Gregg Bayard (Director)	$105,000	$0
Frank Curry Wadsworth (Director)	$105,000	$0
Brad Howard (Director)	$0	$0
Rick Wadsworth (Director)	$0	$0
Ron Schwartz (Director)	$0	$0

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990-PF

Filed on Nov. 14, 2017

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2015

Revenue

$510,157

Expenses

$233,497

Net Income

$276,660

Net Assets

$632,602

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$325,000	63.7%
Interest Revenue	$24,123	4.7%
Dividends	$0
Sales of Assets	$0
Other Income	$161,034	31.6%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$232,130	99.4%
Compensation of Officers*	$193,750	83.0%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$633,202
Total Liabilities	$600
Net Assets	$632,602

Compensation

Key Employees and Officers	Compensation	Other
Alan Gregg Bayard (Director)	$118,750	$0
Frank Curry Wadsworth (Director)	$75,000	$0
Brad Howard (Director)	$0	$0
Rick Wadsworth (Director)	$0	$0
Ron Schwartz (Director)	$0	$0

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990-PF

Filed on Nov. 15, 2016

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2014

Revenue

$463,239

Expenses

$356,039

Net Income

$107,200

Net Assets

$355,942

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$579	0.1%
Dividends	$0
Sales of Assets	$0
Other Income	$462,660	99.9%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$354,636	99.6%
Compensation of Officers*	$185,850	52.2%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$356,542
Total Liabilities	$600
Net Assets	$355,942

Compensation

Key Employees and Officers	Compensation	Other
Alan Gregg Bayard (Director)	$110,850	$0
Frank Curry Wadsworth (Director)	$75,000	$0
Brad Howard (Director)	$0	$0
Rick Wadsworth (Director)	$0	$0
Ron Schwartz (Director)	$0	$0

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990-PF

Filed on Aug. 11, 2015

Primary tax return for a private foundation's activities, finances, and governance

View Filing

Schedules ▼

PDF XML

Fiscal Year Ending Dec.
2013

Revenue

$137,835

Expenses

$250,359

Net Income

-$112,524

Net Assets

$248,742

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$842	0.6%
Dividends	$0
Sales of Assets	$0
Other Income	$136,993	99.4%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$248,221	99.1%
Compensation of Officers*	$198,475	79.3%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$248,972
Total Liabilities	$230
Net Assets	$248,742

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2012

Revenue

$840,986

Expenses

$512,267

Net Income

$328,719

Net Assets

$361,266

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$180	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$840,806	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$509,163	99.4%
Compensation of Officers*	$293,875	57.4%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$363,786
Total Liabilities	$2,520
Net Assets	$361,266

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2011

Revenue

$592,811

Expenses

$532,819

Net Income

$59,992

Net Assets

$32,547

Notable Sources of Revenue		Percent of Total Revenue
Contributions Received	$0
Interest Revenue	$157	0.0%
Dividends	$0
Sales of Assets	$0
Other Income	$592,654	100.0%

Notable Expenses		Percent of Total Expenses
Charitable Disbursements	$532,819	100%
Compensation of Officers*	$376,000	70.6%
* Officer compensation may be included in charitable disbursements, so Percent of Total Expenses may add up to greater than 100%.

Assets/Debt
Total Assets	$87,407
Total Liabilities	$54,860
Net Assets	$32,547

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2010

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2009

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2008

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2007

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

990-PF

Primary tax return for a private foundation's activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2005

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990-EZ

Short form tax return for a nonprofit’s activities, finances, and governance

PDF

Fiscal Year Ending Dec.
2004

Extracted financial data is not available for the forms filed in this tax period, but Form 990 documents are available for download.

990

Primary tax return for a nonprofit’s activities, finances, and governance

PDF

About This Data

What Is This Data?

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

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Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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Raw filing data. Includes EINs and summary financials as structured data.
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Parallel Housing Inc

Organization summary

Type of Nonprofit

Summary charts: organization finances over time

Revenue $270k (2023)

Expenses $233k (2023)

Total Assets $731k (2023)

Total Liabilities $1.83k (2023)

Tax Filings by Year

Fiscal Year Ending Dec. 2023

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2022

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2021

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2020

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2019

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2018

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2017

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2016

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2015

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2014

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Compensation

Document Links

990-PF

Fiscal Year Ending Dec. 2013

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2012

Extracted Financial Data

Extracted Financial Data from Form 990-PF

Document Links

990-PF

Fiscal Year Ending Dec. 2011

Revenue

$270k (2023)

Expenses

$233k (2023)

Total Assets

$731k (2023)

Total Liabilities

$1.83k (2023)

Fiscal Year Ending Dec.
2023

Fiscal Year Ending Dec.
2022

Fiscal Year Ending Dec.
2021

Fiscal Year Ending Dec.
2020

Fiscal Year Ending Dec.
2019

Fiscal Year Ending Dec.
2018

Fiscal Year Ending Dec.
2017

Fiscal Year Ending Dec.
2016

Fiscal Year Ending Dec.
2015

Fiscal Year Ending Dec.
2014

Fiscal Year Ending Dec.
2013

Fiscal Year Ending Dec.
2012

Fiscal Year Ending Dec.
2011

Fiscal Year Ending Dec.
2010

Fiscal Year Ending Dec.
2009

Fiscal Year Ending Dec.
2008

Fiscal Year Ending Dec.
2007

Fiscal Year Ending Dec.
2005

Fiscal Year Ending Dec.
2004