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PARALLEL PROJECTS INC. - Florida Company Profile

Branch

Company Details

Entity Name: PARALLEL PROJECTS INC.
Jurisdiction: FLORIDA
Filing Type: Foreign Profit
Status: Active

The business entity is active. This status indicates that the business is currently operating and compliant with state regulations, suggesting a lower risk profile for lenders and potentially better creditworthiness.

Date Filed: 08 Jun 2022 (3 years ago)
Branch of: PARALLEL PROJECTS INC., NEW YORK (Company Number 4847022)
Last Event: REINSTATEMENT
Event Date Filed: 01 Nov 2023 (a year ago)
Document Number: F22000003976
FEI/EIN Number 475561805

Federal Employer Identification (FEI) Number assigned by the IRS.

Address: 1504 Bay Road, Miami Beach, FL, 33139, US
Mail Address: 1504 Bay Road, Miami Beach, FL, 33139, US
ZIP code: 33139
County: Miami-Dade
Place of Formation: NEW YORK

form 5500

Plan Name Plan Year EIN/PN Received Sponsor Total number of participants
PARALLEL PROJECTS INC 2023 475561805 2024-06-21 PARALLEL PROJECTS INC 12
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2018-01-01
Business code 541219
Sponsor’s telephone number 5613588278
Plan sponsor’s address 1504 BAY ROAD, C2510, MIAMI BEACH, FL, 33139

Signature of

Role Plan administrator
Date 2024-06-21
Name of individual signing NICK RICE
Valid signature Filed with authorized/valid electronic signature
PARALLEL PROJECTS INC 2022 475561805 2023-06-20 PARALLEL PROJECTS INC 8
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2018-01-01
Business code 541219
Sponsor’s telephone number 5613588278
Plan sponsor’s address 1504 BAY ROAD, C2510, MIAMI BEACH, FL, 33139

Signature of

Role Plan administrator
Date 2023-06-20
Name of individual signing SHIRLEY HORNER
Valid signature Filed with authorized/valid electronic signature
PARALLEL PROJECTS INC 2021 475561805 2022-05-31 PARALLEL PROJECTS INC 8
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2018-01-01
Business code 541219
Sponsor’s telephone number 5613588278
Plan sponsor’s address 275 MURCIA DRIVE, APT 308, JUPITER, FL, 33458

Signature of

Role Plan administrator
Date 2022-05-31
Name of individual signing MICHELLE FUNKE
Valid signature Filed with authorized/valid electronic signature
PARALLEL PROJECTS INC 2020 475561805 2021-07-19 PARALLEL PROJECTS INC 5
File View Page
Three-digit plan number (PN) 001
Effective date of plan 2018-01-01
Business code 541219
Sponsor’s telephone number 5613588278
Plan sponsor’s address 275 MURCIA DRIVE, APT 308, JUPITER, FL, 33458

Signature of

Role Plan administrator
Date 2021-07-19
Name of individual signing MICHELLE FUNKE
Valid signature Filed with authorized/valid electronic signature

Key Officers & Management

Name Role Address
FUNKE MICHELLE Ms 1504 Bay Road, Miami Beach, FL, 33139
FUNKE MICHELLE Agent 1504 Bay Road, Miami Beach, FL, 33139

Events

Event Type Filed Date Value Description
REINSTATEMENT 2023-11-01 - -
CHANGE OF PRINCIPAL ADDRESS 2023-11-01 1504 Bay Road, C2510, Miami Beach, FL 33139 -
CHANGE OF MAILING ADDRESS 2023-11-01 1504 Bay Road, C2510, Miami Beach, FL 33139 -
REGISTERED AGENT NAME CHANGED 2023-11-01 FUNKE, MICHELLE -
REGISTERED AGENT ADDRESS CHANGED 2023-11-01 1504 Bay Road, C2510, Miami Beach, FL 33139 -
REVOKED FOR ANNUAL REPORT 2023-09-22 - -

Documents

Name Date
ANNUAL REPORT 2025-01-06
ANNUAL REPORT 2024-02-12
REINSTATEMENT 2023-11-01
Foreign Profit 2022-06-08

Paycheck Protection Program

Loan Number Loan Funded Date SBA Origination Office Code Loan Delivery Method Borrower Street Address
5310378506 2021-02-27 0455 PPS 275 Murcia Dr Apt 308, Jupiter, FL, 33458-2762
Loan Status Date 2021-10-20
Loan Status Paid in Full
Loan Maturity in Months 60
SBA Guaranty Percentage 100
Loan Approval Amount (at origination) 47965
Loan Approval Amount (current) 47965
Undisbursed Amount 0
Franchise Name -
Lender Location ID 48270
Servicing Lender Name JPMorgan Chase Bank, National Association
Servicing Lender Address 1111 Polaris Pkwy, COLUMBUS, OH, 43240-2031
Rural or Urban Indicator U
Hubzone N
LMI N
Business Age Description Existing or more than 2 years old
Project Address Jupiter, PALM BEACH, FL, 33458-2762
Project Congressional District FL-21
Number of Employees 5
NAICS code 541611
Borrower Race White
Borrower Ethnicity Not Hispanic or Latino
Business Type Subchapter S Corporation
Originating Lender ID 48270
Originating Lender Name JPMorgan Chase Bank, National Association
Originating Lender Address COLUMBUS, OH
Gender Female Owned
Veteran Non-Veteran
Forgiveness Amount 48233.98
Forgiveness Paid Date 2021-09-27

Date of last update: 02 Apr 2025

Sources: Florida Department of State