2024-06-27T16:12:25-05:00 2023-12-31 720549733 ERICKSEN KRENTEL LLP 4227 CANAL STREET NEW ORLEANS LA 70119 990 2023-01-01 720864543 NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION NEWO 5045426172 3801 CANAL STREET 320 NEW ORLEANS LA 70119 MR T H BETZ JR EXECUTIVE DIRECTOR 5045426172 2024-06-26 1 MR H BETZ JR XXX-XX-XXXX 1 KAY B MILLER CPA P01203405 5044867275 0 AAL1 IAL1 2023 2023-04-26 12:10:37Z MR T H BETZ JR 3801 CANAL STREET 320 NEW ORLEANS LA 70119 1508174 0 X HTTPS://RLCSBIDCO.COM/ X 1978 LA PROMOTE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THIRTEEN LOUISIANA PARISHES IN ORDER TO ENSURE GREATER EMPLOYMENT OPPORTUNITIES, ENCOURAGE AND ASSIST GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS AND TO STIMULATE, ENCOURAGE AND CREATE THE EXPANSION OF BUSINESSES AND INDUSTRIES. 20 20 7 0 0 0 0 0 635976 776092 34535 242214 -88041 489868 582470 1508174 0 0 0 0 758403 777691 0 0 0 170211 180758 928614 958449 -346144 549725 16936662 16723419 1035446 272478 15901216 16450941 X PROMOTE AND ENCOURAGE ECONOMIC DEVELOPMENT IN THIRTEEN LOUISIANA PARISHES IN ORDER TO ENSURE GREATER EMPLOYMENT OPPORTUNITIES, ENCOURAGE AND ASSIST GROWTH AND DEVELOPMENT OF BUSINESS CONCERNS AND TO STIMULATE, ENCOURAGE AND CREATE THE EXPANSION OF BUSINESSES AND INDUSTRIES. 0 0 958449 1508174 SERVICE APPROXIMATELY 53 LOANS WHICH FOSTERED ECONOMIC DEVELOPMENT AND EMPLOYMENT. THESE LOANS WERE MADE WITH GOVERNMENT FUNDS OBTAINED FROM STATE AND FEDERAL AGENCIES. 958449 0 0 0 0 0 0 0 0 0 1 0 0 1 1 1 1 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 0 1 5 0 1 7 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 X MR T H BETZ JR 5045426172 3801 CANAL STREET 320 NEW ORLEANS LA 70119 DUANE J ABADIE VICE PRESIDENT 0.25 X X 0 0 0 TIMOTHY BABIN BOARD MEMBER 0.25 X 0 0 0 PATRICIA CARY TREASURER 0.25 X X 0 0 0 RODNEY CROSBY JR BOARD MEMBER 0.25 X 0 0 0 LEE CUICCHI BOARD MEMBER 0.25 X 0 0 0 WARREN DUPRE BOARD MEMBER 0.25 X 0 0 0 FREDDIE ELLIOTT BOARD MEMBER 0.25 X 0 0 0 TOMMY FONSECA BOARD MEMBER 0.25 X 0 0 0 RIVERS FREDERICK EX-OFFICIO 0.25 X 0 0 0 MARLIN N GUSMAN BOARD MEMBER 0.25 X 0 0 0 LESLIE JAMES BOARD MEMBER 0.25 X 0 0 0 ANDREW JACQUES BOARD MEMBER 0.25 X 0 0 0 KEITH A JARRETT JR PRESIDENT 0.25 X X 0 0 0 VIC LAFONT BOARD MEMBER 0.25 X 0 0 0 RANDY OPOTOWSKY EX-OFFICIO 0.25 X 0 0 0 CHRISTOPHER SULLIVAN BOARD MEMBER 0.25 X 0 0 0 WILLIAM H SUMMEROUR BOARD MEMBER 0.25 X 0 0 0 ALCIDE TERVALON JR BOARD MEMBER 0.25 X 0 0 0 ERIK D WATERS BOARD MEMBER 0.25 X 0 0 0 ROBERT WEILEMAN BOARD MEMBER 0.25 X 0 0 0 TH BETZ JR EXECUTIVE DIRECTOR 40.00 X 204104 0 15653 204104 0 15653 1 0 1 0 0 EDA AND LED LOAN PROGR 522291 377695 377695 SBA SERVICE/ PROGRAM F 522291 173475 173475 MANAGEMENT FEE - BRCSB 541900 122542 122542 RESTORE IDA PROGRAM 522291 102380 102380 776092 242214 242214 LOAN FORGIVENESS - RLS 522291 566979 566979 EQUITY INTEREST OF BRC 523000 -21032 -21032 REDUCTION IN LOAN LOSS 900099 -56079 -56079 489868 1508174 1508174 0 0 204104 433063 31871 62758 45895 413 20621 12814 33514 382 2620 17352 OPERATING LEASE EXPENSE 59472 DUES AND SUBSCRIPTIONS 28382 REPAIRS AND MAINTENANCE 5188 958449 3324065 2343790 5249434 5714376 33354 60902 7099024 7452315 4405 4405 15082 11151 6551 3931 1219829 1143700 16936662 16723419 66467 72343 968979 200135 1035446 272478 X 15901216 16450941 15901216 16450941 16936662 16723419 549725 0 X X 0 1 X 0 0 15082 11151 3931 3931 OPERATING LEASE R.O.U. ASSET 145851 STOCK - BRC 997849 1143700 DUE TO OFFICE OF COMMUNITY DEVELOPMENT 54284 OPERATING LEASE LIABILITY 145851 200135 X 1508174 0 1508174 0 1508174 958449 0 958449 0 958449 PART X, LINE 2: NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION IS EXEMPT FROM CORPORATE INCOME TAXES UNDER THE INTERNAL REVENUE CODE UNDER SECTION 501(C)(6). THE CORPORATION HAS ADOPTED THE PROVISIONS OF FASB ASC 740-10-25, WHICH REQUIRES A TAX POSITION BE RECOGNIZED OR DERECOGNIZED BASED ON A "MORE LIKELY THAN NOT" THRESHOLD. THIS APPLIES TO POSITIONS TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. THE CORPORATION DOES NOT BELIEVE ITS FINANCIAL STATEMENTS INCLUDE ANY UNCERTAIN TAX POSITIONS. X 0 0 0 TH BETZ JR EXECUTIVE DIRECTOR 204104 0 0 0 0 0 10206 0 5447 0 219757 0 204128 0 FORM 990, PART VI, SECTION B, LINE 11B MANAGEMENT REVIEWS THE FORM 990 BEFORE FILING AND THEN SUBMITTED TO THE BOARD OF DIRECTORS FOR THEIR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C THE BOARD OF DIRECTORS ARE REQUIRED ANNUALLY TO DISCLOSE ANY CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS DETERMINES THE COMPENSATION OF THE EXECUTIVE OFFICER USING REASONABLE METHODS. THE EXECUTIVE COMMITTEE DETERMINES THE COMPENSATION OF THE ORGANIZATION'S EMPLOYEES USING COMPARABLE DATA FROM SIMILAR ORGANIZATIONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS, POLICIES, AND FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. FORM 990, PART XII, LINE 2C THE PROCESS HAS NOT CHANGED FROM YEAR TO YEAR.