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.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$784K
+7.3% YoY
Revenue
$701K
+159.8% YoY
Qualifying Distributions
$800K
+245.0% YoY
Expenses
$801K
+243.4% YoY
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.
About Parallel Housing Inc
Based on IRS filings
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.
Focus Areas
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Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $783,816 | $730,548 | $693,789 |
| Revenue | $701,472 | $270,027 | $217,532 |
| Expenses | $801,104 | $233,268 | $224,100 |
| Qualifying Distributions | $799,720 | $231,811 | $222,789 |
| Net Investment Income | $7,671 | $15,036 | $3,343 |
| Distributable Amount | $17,820 | $8,755 | $7,144 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
0 grants across all recorded years
Giving History
Grant recipients and amounts by year
No grants recorded for 2024.
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| ALAN GREGG BAYARD | PRESIDENT | 40 | $379,733 |
| RICK WADSWORTH | DIRECTOR | — | — |
| RON SCHWARTZ | DIRECTOR | — | — |
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
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.
How large is Parallel Housing Inc?
As of 2024, Parallel Housing Inc holds $784K in total assets with $701K in annual revenue.
How much is Parallel Housing Inc required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, Parallel Housing Inc reported a distributable amount of $18K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
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.
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Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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