Parallel Housing Inc
Parallel Housing Inc is a private foundation focused on Housing & Shelter, based in Athens, GA. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $784K in total assets. In 2024, it made $800K in qualifying distributions. Net investment income was $8K.
Parallel Housing Inc at a glance
- Total assets
- $783,816
- +7.3% vs 2023
- Revenue (2024)
- $701,472
- +159.8% vs 2023
- Qualifying distributions (2024)
- $799,720
- +245.0% vs 2023
- Expenses (2024)
- $801,104
- +243.4% vs 2023
- Latest 990 filing
- Form 990-PF, 2024 View filing
Data from IRS Form 990-PF, 2024; updated October 2026.
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Financial History
Multi-year comparison from IRS filings
| Filing year | Total Assets | Revenue | Expenses | Qualifying Distributions | Net Investment Income | Distributable Amount |
|---|---|---|---|---|---|---|
| 2024 | $783,816 | $701,472 | $801,104 | $799,720 | $7,671 | $17,820 |
| 2023 | $730,548 | $270,027 | $233,268 | $231,811 | $15,036 | $8,755 |
| 2022 | $693,789 | $217,532 | $224,100 | $222,789 | $3,343 | $7,144 |
| 2021 | $698,531 | $243,408 | $287,308 | $286,194 | $290 | $9,816 |
| 2020 | $742,181 | $20,345 | $603,343 | — | $16,745 | $10,683 |
Under IRS private-foundation payout rules, Parallel Housing Inc reported a distributable amount of $18K for 2024 — the minimum it must pay out in qualifying distributions.
Leadership & Key People
Officers and directors from IRS filings
Parallel Housing Inc is led by Alan Gregg Bayard, President on every filing since 2020; 1 of 3 officers listed in 2024 is compensated.
Officers on the 2024 filing
Alan Gregg Bayard
President
On filings since 2020
40 hrs/week
$169K (2020) → $380K (2024)
Rick Wadsworth
Director
On filings since 2020
No compensation reported
Ron Schwartz
Director
On filings since 2020
No compensation reported
Data from IRS Form 990 filings, 2020–2024. "On filings since" is the earliest filing we hold that lists the person; hours are average hours per week as reported.
Compensation Overview
From 2024 IRS filing
The highest reported compensation on the 2024 filing was $380K, to Alan Gregg Bayard (President).
Frequently asked questions about Parallel Housing Inc
How large is Parallel Housing Inc?
Parallel Housing Inc reported $784K in total assets on its 2024 IRS Form 990-PF. It paid out $800K in qualifying distributions that year, against a required minimum of $18K (roughly 5% of its investment assets).
What is Parallel Housing Inc?
Parallel Housing Inc is a private foundation focused on Housing & Shelter, based in Athens, GA. It holds $784K in total assets as of 2024.
What is Parallel Housing Inc's EIN?
Parallel Housing Inc's EIN (Employer Identification Number) is 56-2318420. IRS Form 990 filing data is available on this page for 2020–2024.
Data last updated October 2026. Sourced from IRS Form 990-PF filings.
Data update history
(1)
When this profile's IRS filing data changed on Grantable
- IRS filings on file for fiscal years 2020–2024
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