2026-06-02T16:58:29-05:00 2025-12-31 721042866 KUSHNER LAGRAIZE LLC 3330 WEST ESPLANADE AVENUE STE 100 METAIRIE LA 70002 990 2025-01-01 462750063 JEDCO DEVELOPMENT CORPORATION JEDC 5048753908 700 CHURCHILL PARKWAY AVONDALE LA 70094 JAMES BAUM JR CHAIRMAN 5048753908 2026-06-02 1 MICHELLE B TRESCHWIG P02289745 5048389991 2025 2025-03-06 01:10:19Z JAMES BAUM JR 350448 0 X N/A X 1990 LA TO PROVIDE US 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. 11 11 0 0 0 0 0 0 227262 343269 7784 7179 0 0 235046 350448 0 0 0 0 0 0 0 0 0 227263 343268 227263 343268 7783 7180 129133 154349 118039 136075 11094 18274 X TO PROVIDE US 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. 0 0 343268 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 2025, JEDCO DEVELOPMENT CORPORATION HAS APPROVED OVER 208 SBA 504 LOANS AND FUNDED 110 SBA 504 LOANS.THE FINANCE DEPARTMENT IS CURRENTLY STAFFED BY 4 EMPLOYEES OF THE RELATED GOVERNMENTAL ENTITY, JEFFERSON PARISH ECONOMIC DEVELOPMENT & PORT DISTRICT. 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, 905 JOB OPPORTUNITIES HAVE BEEN CREATED AND 489 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 $47,987.84 OF SBA FUNDING. 343268 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 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 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 11 11 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 X JENNIFER WOLLFARTH 5048753919 700 CHURCHILL PARKWAY AVONDALE LA 70094 X ROXANNE AROCHA MEMBER 0.52 X 0 0 0 JAMES BAUM JR CHAIRMAN 0.52 X X 0 0 0 DARREN CHIFICI MEMBER 0.52 X 0 0 0 MARIA TERESA LAWRENCE TREASURER 0.52 X X 0 0 0 MICHAEL O'CONNOR MEMBER 0.52 X 0 0 0 PAULA POLITO VICE CHAIR 0.52 X X 0 0 0 JOE RICCOBONO SECRETARY 0.52 X X 0 0 0 MELISSA SIMEON MEMBER 0.52 X 0 0 0 TERI TUCKER MEMBER 0.52 X 0 0 0 SHONDRA WILLIAMS MEMBER 0.52 X 0 0 0 MELISSA O'NEAL MEMBER 0.52 X 0 0 0 0 0 0 0 0 0 0 0 FEE PAYMENTS 343269 343269 343269 7179 7179 350448 343269 0 7179 SBA SERVICING FEES 343268 343268 343268 343268 0 0 129133 154349 129133 154349 118039 136075 118039 136075 X 11094 18274 11094 18274 129133 154349 7180 0 X 0 1 X 1 0 X 168904 128201 147660 227262 343269 1015296 168904 128201 147660 227262 343269 1015296 0 0 0 1015296 3905 321 2043 7784 7179 21232 3905 321 2043 7784 7179 21232 172809 128522 149703 235046 350448 1036528 0.97950 0.97900 0.02050 0.02100 X 0 DUE TO JEDCO 122568 SBA ESCROW 13507 136075 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 IT IS FILED. FORM 990, PART VI, SECTION C, LINE 19 DOCUMENTS ARE MADE AVAILABLE UPON REQUEST.