Jedco Development Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $350,448
- Spending
- $343,268
- Spent on programs
- 100%
- Reserves
- 0.6 months of spending
- Largest source of income
- fees for its services, 98%
- Employees
- 0
- Volunteers
- 0
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Fair: 51 out of 100. Higher than 21% of charities in its peer group (community improvement, $250k to $1m).
Reserves
4 of 35Spendable reserves would cover 0.6 months of spending.
Debt
2 of 20It owes 88% of what it owns.
Living within its means
15 of 15Income exceeded spending by 2% of income.
Income trend
15 of 15Income rose 49% on the year before.
Spending floor
15 of 15100% of spending went to programs.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 68 out of 100. Higher than 39% of charities in its peer group (community improvement, $250k to $1m).
Independent board
25 of 2511 of 11 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $343,268 spent. 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.
Source: Form 990 for the year ending December 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 2014.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.