Nonprofit · EIN 72-0864543
NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION
Tax-exempt · NEW ORLEANS, LA 70119
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2025 | 990 | $1,037,877 | $1,020,681 | $17,196 | $20,952,565 | $4,043,468 | $16,909,097 |
| December 31, 2024 | 990 | $1,382,182 | $941,222 | $440,960 | $20,962,605 | $4,070,704 | $16,891,901 |
| December 31, 2023 | 990 | $1,508,174 | $958,449 | $549,725 | $16,723,419 | $272,478 | $16,450,941 |
Financial details: 990 for the year ended December 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $743,688
- Investment income
- $243,385
- Other revenue
- $50,804
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $227,436
- Other salaries and wages
- $422,380
- Salaries, compensation and benefits (total)
- $798,226
- Professional fundraising fees
- $0
- Legal fees
- $1,400
- Accounting fees
- $42,320
- Occupancy
- $59,472
- Travel
- $67
- Depreciation
- $1,310
Balance sheet and other
- Total assets, start of year
- $20,962,605
- Total assets, end of year
- $20,952,565
- Total liabilities, end of year
- $4,043,468
- Net assets, end of year
- $16,909,097
- Net assets without donor restrictions
- $16,909,097
- Gross receipts
- $1,037,877
- Employees
- 7
- Volunteers
- 0
- Year formed
- 1978
- State of legal domicile
- LA
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TH BETZ JR | EXECUTIVE DIRECTOR Key employee | 40 | $225,019 | $12,401 |
| DUANE J ABADIE | PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 |
| TIMOTHY BABIN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| PATRICIA CARY | VICE PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 |
| RODNEY CROSBY JR | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| LEE CUICCHI | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| WARREN DUPRE | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| FREDDIE ELLIOTT | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| TOMMY FONSECA | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| RIVERS FREDERICK | EX-OFFICER Trustee or director | 0.25 | $0 | $0 |
| MARLIN N GUSMAN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| LESLIE JAMES | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ANDREW JACQUES | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| KEITH A JARRETT JR | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 |
| VIC LAFONT | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
6 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| RANDY OPOTOWSKY | EX-OFFICER Trustee or director | 0.25 | $0 |
| CHRISTOPHER SULLIVAN | BOARD MEMBER Trustee or director | 0.25 | $0 |
| WILLIAM H SUMMEROUR | BOARD MEMBER Trustee or director | 0.25 | $0 |
| ALCIDE TERVALON JR | BOARD MEMBER Trustee or director | 0.25 | $0 |
| ERIK D WATERS | BOARD MEMBER Trustee or director | 0.25 | $0 |
| ROBERT WEILEMAN | BOARD MEMBER Trustee or director | 0.25 | $0 |
990 for the year ended December 31, 2024: 22 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TH BETZ JR | EXECUTIVE DIRECTOR Key employee | 40 | $219,878 | $11,259 |
| DUANE J ABADIE | VICE PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 |
| TIMOTHY BABIN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| PATRICIA CARY | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 |
| RODNEY CROSBY JR | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| LEE CUICCHI | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| WARREN DUPRE | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| FREDDIE ELLIOTT | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| TOMMY FONSECA | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| RIVERS FREDERICK | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| MARLIN N GUSMAN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| LESLIE JAMES | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ANDREW JACQUES | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| KEITH A JARRETT JR | PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 |
| VIC LAFONT | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| RANDY OPOTOWSKY | EX-OFFICER Trustee or director | 0.25 | $0 | $0 |
| CHRISTOPHER SULLIVAN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| WILLIAM H SUMMEROUR | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ALCIDE TERVALON JR | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ERIK D WATERS | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ROBERT WEILEMAN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| MICHAEL O'HARE | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
990 for the year ended December 31, 2023: 21 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| TH BETZ JR | EXECUTIVE DIRECTOR Key employee | 40 | $204,104 | $15,653 |
| DUANE J ABADIE | VICE PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 |
| TIMOTHY BABIN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| PATRICIA CARY | TREASURER Trustee or director, Officer | 0.25 | $0 | $0 |
| RODNEY CROSBY JR | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| LEE CUICCHI | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| WARREN DUPRE | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| FREDDIE ELLIOTT | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| TOMMY FONSECA | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| RIVERS FREDERICK | EX-OFFICIO Trustee or director | 0.25 | $0 | $0 |
| MARLIN N GUSMAN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| LESLIE JAMES | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ANDREW JACQUES | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| KEITH A JARRETT JR | PRESIDENT Trustee or director, Officer | 0.25 | $0 | $0 |
| VIC LAFONT | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| RANDY OPOTOWSKY | EX-OFFICIO Trustee or director | 0.25 | $0 | $0 |
| CHRISTOPHER SULLIVAN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| WILLIAM H SUMMEROUR | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ALCIDE TERVALON JR | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ERIK D WATERS | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
| ROBERT WEILEMAN | BOARD MEMBER Trustee or director | 0.25 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 3801 CANAL ST STE 320, NEW ORLEANS, LA 70119-6058
- Principal officer (990 for 2025)
- MR T H BETZ JR, 3801 CANAL STREET 320, NEW ORLEANS, LA 70119
- Signed the 990
- MR T H BETZ JR, EXECUTIVE DIRECTOR
- Phone
- (504) 542-6172
- Website
- HTTPS://RLCSBIDCO.COM/
- Return prepared by
- ERICKSEN KRENTEL LLP
Mission
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.
Program accomplishments
- SERVICE APPROXIMATELY 72 LOANS WHICH FOSTERED ECONOMIC DEVELOPMENT AND EMPLOYMENT. THESE LOANS WERE MADE WITH GOVERNMENT FUNDS OBTAINED FROM STATE AND FEDERAL AGENCIES.Expenses $1,020,681 · revenue $743,688
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | 990 on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 72-0864543
- Tax-exempt status
- 501(c)(6): Business league or chamber of commerce
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $20,952,565
- Income (IRS master file)
- $1,037,877
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2025 | $1,037,877 | $1,020,681 | $20,952,565 | IRS |
| 990 | December 2024 | $1,382,182 | $941,222 | $20,962,605 | IRS |
| 990 | December 2023 | $1,508,174 | $958,449 | $16,723,419 | XML |
| 990 | December 2022 | $582,470 | $928,614 | $16,936,662 | IRS |
| 990 | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 72-0864543).
Questions about NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION
- What is the EIN of NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION?
- The employer identification number (EIN) of NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION is 72-0864543.
- Is NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(6).
- Which annual return does NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION due?
- The return for tax year 2026 (the year ending December 31, 2026) is due May 17, 2027. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2025.
- Who is the principal officer of NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION?
- The 990 for the year ended December 31, 2025 names MR T H BETZ JR.
- Who are the officers and directors of NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION?
- The 990 for the year ended December 31, 2025 lists 21 people; 1 received compensation from the organization, the highest $225,019 (TH BETZ JR, EXECUTIVE DIRECTOR).
- How much revenue does NEW ORLEANS REGIONAL BUSINESS DEVELOPMENT LOAN CORPORATION have?
- On its 990 for the year ended December 31, 2025 it reported revenue of $1,037,877, expenses of $1,020,681 and total assets of $20,952,565 at year end.
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