Overview
What is New Orleans Regional Business Development Loan Corporation?
The New Orleans Regional Business Development Loan Corporation, located at 3801 Canal Street in New Orleans, Louisiana (70119), is a nonprofit organization dedicated to fostering economic growth and employment within thirteen Louisiana parishes. Through the use of government funds obtained from both state and federal agencies, they have facilitated approximately 59 loans, thereby supporting businesses and industries in these regions. Their mission is to stimulate and encourage economic development, ultimately leading to the expansion of existing businesses and the creation of new ones, thereby ensuring more employment opportunities in the area. The organization is staffed by a team of 7 individuals.
Official website here: www.rlcsbidco.com
Is New Orleans Regional Business Development Loan Corporation legitimate?
New Orleans Regional Business Development Loan Corporation is a legitimate nonprofit organization registered as a 501(c)(6) entity. New Orleans Regional Business Development Loan Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $204,128
Professional Fundraising Fees: $0
Other Salaries and Wages: $419,715
For more financial information, click here
Official website here: www.rlcsbidco.com
What is the mission statement of New Orleans Regional Business Development Loan Corporation?
The New Orleans Regional Business Development Loan Corporation aims to stimulate economic growth and development in fifteen local areas, fostering employment opportunities. By providing loans with government funds obtained from both state and federal agencies, they encourage the expansion of businesses and industries, thereby promoting overall development. This organization plays an instrumental role in stimulating the growth and creation of businesses, thereby contributing to the local economy.
Official website here: www.rlcsbidco.com
Who is the CEO of New Orleans Regional Business Development Loan Corporation?
Randy Opotowsky is the Executive Director of New Orleans Regional Business Development Loan Corporation.
Official website here: www.rlcsbidco.com
What is the revenue of New Orleans Regional Business Development Loan Corporation?
New Orleans Regional Business Development Loan Corporation's revenue in 2022 was $582,470.
Official website here: www.rlcsbidco.com
Who are the executives of New Orleans Regional Business Development Loan Corporation and what are their salaries?
The average compensation at New Orleans Regional Business Development Loan Corporation during 2022 was $89,120. There are 7 employees at New Orleans Regional Business Development Loan Corporation.
Here are 21 key members and their salaries:
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Official website here: www.rlcsbidco.com
Where can I find the form 990 for New Orleans Regional Business Development Loan Corporation?
New Orleans Regional Business Development Loan Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.rlcsbidco.com
Learn more at the official website: www.rlcsbidco.com
Mission Statement of New Orleans Regional Business Development Loan Corporation
The New Orleans Regional Business Development Loan Corporation, in its mission, strives to foster economic growth and development in thirteen Louisiana parishes. This non-profit organization aims to create more employment opportunities, encourage the expansion of businesses and industries, and stimulate the growth of business concerns within these areas. By securing funds from both state and federal agencies, the corporation provides loans that contribute significantly to this economic development endeavor.
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Impact
October, 2024
The New Orleans Regional Business Development Loan Corporation significantly impacts economic development across thirteen Louisiana parishes by enhancing employment opportunities and fostering business growth. By facilitating approximately 59 loans, this organization leverages government funds from state and federal agencies to stimulate the local economy. These loans not only support the expansion of businesses and industries but also contribute to community improvement, ensuring a positive ripple effect on employment and economic stability in the region. Through its mission, the organization plays a crucial role in building a thriving business landscape, which is vital for the overall development of the area.
This information is meant to be a general summary of New Orleans Regional Business Development Loan Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $34,535
- Program Service Revenue: $635,976
- Gross Receipts: $582,470
Assets and Liabilities:
- Total Assets: $16,936,662
- Total Liabilities: $1,035,446
- Net Assets: $15,901,216
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
EDA and LED Loan Program
Revenue
$363,260
Management Fee- BRCSBIDCO
Revenue
$120,000
SBA Service/Program Fees
Revenue
$152,716
Organization Details
Founding Year
1978
Phone
(504) 524-6172Principal Officer
Randy Opotowsky
Main Address
3801 Canal Street 320, New Orleans, LA, 70119
Website
www.rlcsbidco.comNTEE Category
Code: S31 - Community improvement
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