2025-08-05T09:16:28-07:00 2024-12-31 814729979 TAYLOR AND WILLIS CPAS AND ADVISORS LLC 3500 N CAUSEWAY BLVD STE 1145 METAIRIE LA 70002 990 2024-01-01 462750063 JEDCO DEVELOPMENT CORPORATION JEDC 5048753908 700 CHURCHILL PARKWAY AVONDALE LA 70094 JAMES BAUM JR Secretary 2025-08-05 true true Kevin C Willis CPA P00537471 5042674427 2024 2025-03-06 01:10:19Z MICHAEL FAHRENHOLT JR 700 CHURCHILL PARKWAY AVONDALE LA 70094 235046 false X N/A X 1990 LA TO PROVIDE U S SMALL BUSINESS ADMINISTRATION (SBA)LOANS TO SMALL BUSINESSES LOCATED WITHIN THE GEOGRAPHIC AREA OF THE STATE OF LOUISIANA BY WORKING WITH THE SBA AND PARTICIPATING PRIVATE LENDERS. 12 12 0 0 0 147660 227262 2043 7784 0 149703 235046 0 0 0 0 0 147659 227263 147659 227263 2044 7783 267648 129133 264337 118039 3311 11094 TO PROVIDE U S SMALL BUSINESS ADMINISTRATION (SBA)LOANS TO SMALL BUSINESSES LOCATED WITHIN THE GEOGRAPHIC AREA OF THE STATE OF LOUISIANA BY WORKING WITH THE SBA AND PARTICIPATING PRIVATE LENDERS. false false 227263 Certified development companies (CDCS) are non-profit corporations certified and regulated by the small business administration to package, process, close, and service 504 loans. These 504 loans are issued through a partnership with certified development companies (CDC) and private sector, third party lenders. There are a small number of for-profit CDCs that have been grandfathered into the current 504 program. The provisions of this SOP apply to the non-profit and the for-profit CDCS in accordance with the terms of the regulations. JEDCO Development Corporation is a CDC in the SBA 504 loan program.Between 1990 and 2024, JEDCO Development Corporation has approved 204 SBA 504 loans and funded 101 SBA 504 loans.THE FINANCE DEPARTMENT IS CURRENTLY STAFFED BY 4 EMPLOYEES OF THE RELATED GOVERNMENTAL ENTITY, JEFFERSON PARISH ECONOMIC DEVELOPMENT & PORT DISTRICT. THE FINANCE DIRECTOR OR THE BUSINESS DEVELOPMENT OFFICER MEETS WITH APPLICANTS, GATHERS INFORMATION NECESSARY TO COMPLETE APPLICATIONS AND SUBMITS APPLICATIONS TO THE BOARD OF DIRECTORS OF JEDCO DEVELOPMENT CORPORATION FOR APPROVAL. THE FINANCING OPERATIONS MANAGER IS RESPONSIBLE FOR COORDINATING LOAN CLOSINGS WITH BORROWERS AND CLOSING ATTORNEYS AND SUBMITTING CLOSING DOCUMENTS TO SBA. THE LOAN SPECIALIST INPUTS THE LOAN INFORMATION INTO A SOFTWARE PROGRAM USED TO MONITOR LOAN REQUIREMENTS FOR THE LIFE OF THE LOAN, WHICH IS TYPICALLY 20 YEARS. Over the life of JEDCO's SBA loan program, 863.72 job opportunities have been created and 416.38 job opportunities have been retained. SBA requires that a CDC must have a job opportunity average of 1 job for every $90,000 of debenture funding or $100,000 for projects located in special geographic areas (enterprise communities, empowerment zones, labor surplus areas, and opportunity zones). JEDCO has created/retained 1 job for every $43,762.68 of SBA funding.In 2024, 5 loans were funded totaling $5,306,950.00 with anticipated creation of 67 new jobs. 227263 true false false false false false false false false false false false false false true false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false false true 0 0 false 0 false false false false false false false 0 false false false false false false false X 12 12 false false false false false false false false false false false true false false false false false false X JENNIFER WOLLFARTH 5048753919 700 CHURCHILL PARKWAY AVONDALE LA 70094 X JAMES BAUM JR Secretary 0.52 0.00 X X 0 0 0 KENNY BERTUCCI MEMBER 0.52 0.00 X 0 0 0 MARIA TERESA LAWRENCE Treasurer 0.52 0.00 X X 0 0 0 PAULA POLITO MEMBER 0.52 0.00 X 0 0 0 MELISSA O'NEAL MEMBER 0.52 0.00 X 0 0 0 JOE RICCOBONO MEMBER 0.52 0.00 X 0 0 0 BOB STEVENS VICE CHAIRMAN 0.52 0.00 X X 0 0 0 MELISSA SIMEON MEMBER 0.52 0.00 X 0 0 0 LYNDA SMITH MEMBER 0.52 0.00 X 0 0 0 MICHAEL FAHRENHOLT JR Chairman 0.52 0.00 X X 0 0 0 TERI TUCKER MEMBER 0.52 0.00 X 0 0 0 SHONDRA WILLIAMS MEMBER 0.52 0.00 X 0 0 0 0 false false false 0 0 FEE PAYMENTS 227262 227262 227262 7784 7784 0 0 0 0 0 0 0 0 235046 227262 7784 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 SBA SERVICING FEES 227263 227263 0 227263 227263 0 0 267648 129133 0 0 0 0 0 0 0 0 0 0 0 0 0 0 267648 129133 264337 118039 264337 118039 X 3311 11094 3311 11094 267648 129133 7783 X false false false X 0 100430 168904 128201 147660 227262 772457 0 0 0 100430 168904 128201 147660 227262 772457 0 0 772457 2487 3905 321 2043 7784 16540 0 2487 3905 321 2043 7784 16540 0 0 102917 172809 128522 149703 235046 788997 0.97900 0.98600 0.02100 0.01400 X DUE TO JEDCO 104532 SBA ESCROW 13507 118039 Form 990, Part VI, Section B, Line 11b COPY OF THE FORM 990 IS PRESENTED TO THE BOARD OF DIRECTORS AT A REGULAR BOARD MEETING BEFORE BEING FILED. Form 990, Part VI, Section C, Line 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.