Forward Jefferson Corporation
- Assets
- $18.0
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Avondale, LA
- Founding
- 05/2004
- Data as of
- 12/2020
- EIN
- 20-0334197
Organization Overview
Forward Jefferson Corporation is located in Avondale, LA. The organization was established in 2004. According to its NTEE Classification (S31) the organization is classified as: Urban & Community Economic Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Forward Jefferson Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Forward Jefferson Corporation generated $15.8k in total revenue. This represents a relatively dramatic decline in revenue. Over the past 6 years, the organization has seen revenues fall by an average of (36.6%) each year. All expenses for the organization totaled $25.9k during the year ending 12/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2020
Describe the Organization's Program Activity:
Part 3
FORWARD JEFFERSON CORPORATION AND THE RELATED GOVERNMENTAL ENTITY, JEFFERSON PARISH ECONOMIC DEVELOPMENT AND PORT DISTRICT, ACQUIRED AND CONSTRUCTED A TECHNOLOGY AND BUSINESS PARK IN AVONDALE, LOUISIANA. THE PROJECT WAS A NEW MARKETS TAX CREDIT TRANSACTION, FORWARD JEFFERSON CORPORATION ACTED AS A LEVERAGED LENDER TO THE INVESTMENT FUND PROVIDING EQUITY TO THE PROJECT. FORWARD JEFFERSON CORPORATION OWNED THE BUILDING UNTIL THE END OF FEBRUARY 2016 WHEN PAYOUT OF LOAN OCCURRED. THE BUILDING WAS THEN TRANSFERRED TO JEDCO. JEDCO CONTINUES TO ASSIST WITH ECONOMIC DEVELOPMENT OF BUSINESS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Larry Katz Secretary | 0.3 | $0 | |
Mickal Adler Chairman | 0.3 | $0 | |
Lesha Freeland Board Member | 0.3 | $0 | |
Mario Bazile Board Member | 0.05 | $0 | |
Lloyd Clark Board Member | 0.3 | $0 | |
Thomas Gennaro Treasurer | 0.3 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $15,500 |
| Total Program Service Revenue | $0 |
| Membership dues | $0 |
| Investment income | $261 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $15,761 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $10 |
| Occupancy, rent, utilities, and maintenance | $0 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $0 |
| Total expenses | $25,926 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $18 |
| Other assets | $0 |
| Total assets | $18 |
| Total liabilities | $0 |
| Net assets or fund balances | $18 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Forward Jefferson Corporation has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Ochsner Clinic Foundation New Orleans, LA PURPOSE: GENERAL ASSISTANCE | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Centro Public Improvement District San Antonio, TX | $1,647,971 | $6,189,889 |
Maple Avenue Economic Development Corporation Of Dallas Dallas, TX | $11,933,705 | $3,299,961 |
White River Planning & Development Dist Inc Batesville, AR | $13,868,468 | $4,307,468 |
Covenant Community Capital Corporation Houston, TX | $9,362,906 | $2,210,165 |
Divinc Austin, TX | $1,242,173 | $2,296,391 |
The Pyramid Community Development Corporation Houston, TX | $3,288,918 | -$1,072,522 |
Technology & Entrepreneurship Center Of Houston Inc Houston, TX | $3,649,151 | $380,691 |
Regional Community Finance Inc New Orleans, LA | $27,779,646 | $1,353,772 |
Jackson County Economic Development Foundation Inc Pascagoula, MS | $3,810,649 | $1,167,595 |
Austin Revitalization Authority Austin, TX | $2,910,002 | $1,225,921 |
North Delta Regional Planning And Development District Inc Monroe, LA | $2,329,154 | $1,514,261 |
Humanitas Inc New Orleans, LA | $3,658,729 | $739,665 |