Parambil Group Inc
- Assets
- $435.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Redwood City, CA
- Founding
- Data as of
- 12/2023
- EIN
- 85-4346195
Organization Overview
Parambil Group Inc is located in Redwood City, CA. According to its NTEE Classification (L40) the organization is classified as: Temporary Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Parambil Group Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Parambil Group Inc generated $188.4k in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 11.5% each year . All expenses for the organization totaled $37.7k during the year ending 12/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2023
Describe the Organization's Program Activity:
Part 3
PROVIDE AFFORDABLE HOUSING TO LOW TO MODERATE INCOME INDIVIDUALS, DISTRESSED ELDERLY, VETERANS, DISABLED AND SINGLE MOTHERS. THE NONPROFIT WAS ABLE TO LOCATE A FIVE-UNIT DWELLING THAT IS BEING USED TO HOUSE SUCH INDIVIDUALS
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Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $175,215 |
| Total Program Service Revenue | $16,461 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | -$3,309 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $9 |
| Total Revenue | $188,376 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $3,160 |
| Occupancy, rent, utilities, and maintenance | $2,773 |
| Printing, publications, postage, and shipping | $300 |
| Other expenses | $31,424 |
| Total expenses | $37,657 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $34,304 |
| Other assets | $0 |
| Total assets | $435,678 |
| Total liabilities | $151,765 |
| Net assets or fund balances | $283,913 |