2017-11-14T09:07:41-06:00 2016-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD STE 300 CARMEL IN 46032 990 2016-01-01 954444102 LTSC COMMUNITY DEVELOPMENT CORPORATION LTSC 2134733030 231 E THIRD STREET NO G106 LOS ANGELES CA 90013 BOMEE FAIN CFO 2134733030 2017-11-10 1 STEVEN C LEVY P00229331 3178485700 97.78.195.178 2017-11-10 13:05:19 ES P 23F0F214E322A635AC9A32683567541DDE81D9BD 3A574E9D3DB7273E1EAB997751D79B66C83C0C30 2016 2017-02-10 21:41:12Z LTSC CDCLITTLE TOKYO SERVICE CTR BOMEE FAIN 231 EAST THIRD ST G106 LOS ANGELES CA 90013 9177569 0 X HTTP://WWW.LTSC.ORG/CDC X 1993 CA THE PURPOSE OF THE ORGANIZATION IS TO PROVIDE A COMPREHENSIVE ARRAY OF SOCIAL WELFARE AND COMMUNITY DEVELOPMENT ACTIVITIES TO ASSIST LOW INCOME PERSONS AND OTHERS IN NEED. 26 26 173 0 0 0 6527622 6799309 2515984 2420914 0 0 123880 -150567 9167486 9069656 0 0 0 0 5575105 5812167 0 0 847632 3036792 3409257 8611897 9221424 555589 -151768 20413812 20409344 7562741 7268380 12851071 13140964 X THE PURPOSE OF THE ORGANIZATION IS TO PLAN, PROMOTE AND SUPPORT COMMUNITY DEVELOPMENT ACTIVITIES WHICH PRESERVE THE JAPANESE AMERICAN AND MULTI-ETHNIC CULTURE AND HISTORY OF LITTLE TOKYO AND CONTRIBUTE TO ITS PHYSICAL, SOCIAL, CULTURAL AND ECONOMIC REVITALIZATION; TO SERVE AS A RESOURCE FOR SIMILAR COMMUNITY ECONOMIC DEVELOPMENT EFFORTS IN OTHER LOW-INCOME COMMUNITIES, PARTICULARLY ASIAN AND PACIFIC ISLANDER COMMUNITIES; AND TO DEVELOP, PROVIDE AND MAINTAIN AFFORDABLE HOUSING AND HOUSING-RELATED SERVICES IN THE LITTLE TOKYO AREA AND IN THE GREATER LOS ANGELES METROPOLITAN AREA FOR THE BENEFIT OF LOW TO MODERATE INCOME PEOPLE. 0 0 3208002 2420914 PROGRAM COSTS OF VARIOUS PROGRAMS IN LTSC CDC'S MISSION OF PROMOTING COMMUNITY ECONOMIC DEVELOPMENT THROUGH DEVELOPING, PROVIDING AND MAINTAINING AFFORDABLE HOUSING; PROMOTING CULTURAL AND HISTORICAL PRESERVATION OF THE LITTLE TOKYO NEIGHBORHOOD IN LOS ANGELES; PROVIDING WIRELESS INTERNET SERVICES AND ACCESS TO TECHNOLOGY; ADMINISTERING A MULTI-LINGUAL SMALL BUSINESS ASSISTANCE PROGRAM IN PARTNERSHIP WITH FOUR OTHER COMMUNITY AGENCIES. 2135600 2197582 ADMINISTERED FEDERAL AND STATE-SUBSIDIZED CHILDCARE PROGRAMS FOR CHILDREN AGE 6 WEEKS TO 2.5 YEARS OLD THROUGH AN INFANT/TODDLER CARE CENTER, FAMILY CHILD CARE HOMES, AND A PRESCHOOL (THAT ALSO INCLUDES FAMILY LITERACY PROGRAMS) BY PARTNERING WITH PARENTS AND THEIR PROVIDERS BY BRINGING TOGETHER THEIR DIFFERENT CULTURES TO OPTIMIZE THE DEVELOPMENT OF THE CHILDREN. OVER 150 CHILDREN WERE SERVED. 2251740 1730689 SERVICE PROGRAM COSTS OF OTHER, NON-CHILDCARE, RELATED PROGRAMS, INCLUDED PROVIDING CULTURALLY-SENSITIVE CASE MANAGEMENT, COUNSELING, INFORMATION AND REFERRAL ASSISTANCE TO YOUTH-SENIOR CLIENTS IN A MULTITUDE OF LANGUAGES, INCLUDING ENGLISH, JAPANESE, KOREAN, CHINESE, AND SPANISH; PROVIDING YOUTH-MENTORING PROGRAMS; CONDUCTING OUTREACH TO API COMMUNITIES TO INCREASE AWARENESS AND TO DIVERSIFY THE DONOR REGISTRY OF THE NATIONAL MARROW DONOR PROGRAM (NMDP), THEREBY IMPROVING ACCESS TO MARROW TRANSPLANTS FOR CANCER PATIENTS, ALSO PROVIDED PATIENT SUPPORT AND SUPPORT OF PATIENT FAMILIES. 7595342 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 69 0 1 173 1 0 0 0 0 0 0 0 0 0 0 X 26 26 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X X BOMEE FAIN 2134733030 231 E THIRD STREET NO G106 LOS ANGELES CA 90013 ALAN NISHIO BOARD OF GOVERNORS CHAIR 2.50 X X 0 0 0 SANDRA YAMANE BOARD MEMBER 0.80 X 0 0 0 DAVID MITANI VICE PRESIDENT 1.50 X X 0 0 0 EDWIN TAKAHASHI TREASURER 1.50 X X 0 0 0 KATHY MASAOKA VICE PRESIDENT 1.50 X X 0 0 0 JOSH ISHIMATSU BOARD MEMBER 0.80 X 0 0 0 LLOYD KAJIKAWA BOARD MEMBER 0.80 X 0 0 0 DICK KAKU BOARD MEMBER 0.80 X 0 0 0 VIVIENNE LEE BOARD MEMBER 0.80 X 0 0 0 GEORGE TANAKA BOARD MEMBER 0.80 X 0 0 0 TRISHA MURAKAWA BOARD MEMBER 0.80 X 0 0 0 JEAN NISHIMOTO BOARD MEMBER 0.80 X 0 0 0 DEBRA NAKATOMI PRESIDENT 2.50 X X 0 0 0 DAVID UYEHARA BOARD MEMBER 0.80 X 0 0 0 DEAN TOJI BOARD MEMBER 0.80 X 0 0 0 LINDA YAMAUCHI SECRETARY 0.80 X X 0 0 0 AKEMI ARAKAKI BOARD MEMBER 0.80 X 0 0 0 MIGUEL NUNEZ BOARD MEMBER 0.80 X 0 0 0 DENNIS ARGUELLES BOARD MEMBER 0.80 X 0 0 0 MARK USUI BOARD MEMBER 0.80 X 0 0 0 JESSICA CHANG BOARD MEMBER 0.80 X 0 0 0 ERIC MURATA BOARD MEMBER 0.80 X 0 0 0 MICHELLE YAMASHIRO BOARD MEMBER 0.80 X 0 0 0 TAD YOSHIMURA BOARD MEMBER 0.80 X 0 0 0 DEAN MATSUBAYASHI EXECUTIVE DIRECTOR 40.00 X 131861 0 0 ERICH NAKANO DEPUTY DIRECTOR 40.00 X 96735 0 0 SCARLET SY CFO 40.00 X 97995 0 0 326591 0 0 1 0 0 0 0 4080 2928727 3866502 6799309 SERVICE FEE 531110 1189181 1189181 REAL ESTATE INCOME 531110 604267 604267 ASSET & PROPERTY MANAG 531110 428620 428620 PARTNERSHIP FEES 900099 197721 197721 DEVELOPER FEES 531110 1125 1125 2420914 316103 4080 107913 208190 208190 OTHER REVENUE-MISC. 900099 12665 12665 OPERATING LOSS FROM IN 900099 -371422 -371422 -358757 9069656 2062157 0 208190 326590 133074 186923 6593 4120560 3402006 263829 454725 922809 696045 192194 34570 442208 367209 36839 38160 161817 161297 520 18993 10952 6541 1500 31884 28300 1598 1986 110321 72933 12512 24876 12691 8133 94 4464 138595 79876 5059 53660 479050 421038 58012 79121 76069 2593 459 45500 37917 4261 3322 238936 238936 61819 38145 21342 2332 47080 39602 3383 4095 CHILDCARE PROVIDERS/SUB 754462 754462 PROGRAM EXPENSES 441463 414736 21269 5458 OTHER EXPENSES 362818 233913 -7058 135963 SUPPLIES 251970 225771 10286 15913 172737 154928 16265 1544 9221424 7595342 778450 847632 7574359 7057197 116694 131339 478098 598497 278708 79704 109151 0 26922 25756 4647996 822757 3873258 3825239 979590 1463867 2960469 3315609 4016563 3912136 20413812 20409344 1259425 459880 116594 4500 5363691 6013691 823031 790309 7562741 7268380 X 11505095 11518762 1189976 1396202 156000 226000 12851071 13140964 20413812 20409344 X -151768 58892 54778 327991 X 0 1 X 1 1 1 X 6481006 3201963 6599421 8198789 8251458 32732637 2807534 934164 1520269 933638 660544 6856149 9288540 4136127 8119690 9132427 8912002 39588786 0 0 0 39588786 30023 13207 25268 0 68498 30023 13207 25268 68498 36014 -40668 -9139 67998 12665 66870 9354577 4108666 8135819 9200425 8924667 39724154 0.99660 0.99430 0.00170 0.00220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 56000 56000 56000 56000 56000 56000 56000 56000 1 0 3219625 3219625 827515 265214 562301 600856 557543 43313 3825239 INVESTMENT IN AFFILIATES 3315609 C 3315609 CONSTRUCTION IN PROGRESS 729857 OTHER ASSETS 226515 DUE FROM AFFILIATES 2955764 3912136 INTEREST PAYABLE 278863 TENANT SECURITY DEPOSITS 27422 CHILDCARE RESERVE LIABILITY 10055 ACCRUED PAYROLL 473969 790309 X 15554638 58892 54778 5751589 5865259 9689379 -619723 -619723 9069656 20941309 11719884 11719884 9221425 0 9221425 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED BY THE APPLICABLE TAX AUTHORITY. PART XI, LINE 2D - OTHER ADJUSTMENTS: REAL ESTATE INCOME FROM SUBSIDIARIES 5,751,589. PART XI, LINE 4B - OTHER ADJUSTMENTS: ASSET & PROPERTY MANAGEMENT INCOME 152,762. SERVICE/MEMBERSHIP FEES 84,174. PARTNERSHIP FEES 151,789. OPERATING LOSS FROM INVESTMENT IN AFFILIATES -43,087. TAX/BOOK DIFFERENCE-OPERATING GAIN/LOSS FROM INVESTMENT IN AFFILIATES -327,991. OTHER REVENUE -637,370. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SUBSIDIARIES 11,719,884. PART V, LINE 4: EXPLANATION: LTSC'S ENDOWMENT WAS ESTABLISHED TO PROVIDE ONGOING SUPPORT FOR THE ORGANIZATION. DISTRIBUTIONS FROM THE FUND ARE EXCLUSIVELY FOR GENERAL CHARITABLE USES AND PURPOSES OF LTSC. X X X X X X X CA SAKE 200860 1100 199760 50 8199 1987 56065 STARNIGHT CONCERT 119323 2980 116343 1390 28816 11406 320183 4080 316103 1390 50 37015 1987 67471 107913 208190 FORM 990, PART VI, SECTION B, LINE 11B LTSC COMMUNITY DEVELOPMENT CORP. OUTSIDE AUDITORS & FINANCE STAFF PREPARE FORM 990. THE FORM IS THEN REVIEWED AND APPROVED BY THE ORGANIZATION CEO & CFO. THE FORM IS THEN SENT TO THE FULL BOARD FOR REVIEW BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C LTSC COMMUNITY DEVELOPMENT CORP. REQUIRES ALL EMPLOYEES TO DISCLOSE, AT LEAST ANNUALLY, ALL SOURCES OF INCOME FROM COMPENSATION OR FROM OWNERSHIP OF EVERY OUTSIDE ENTITY THAT (A) SOLD, SUPPLIED OR PROVIDED SERVICES (B) OPERATED A COMPETING ENTERPRISE OR (C)PROVIDED GOODS OR SERVICES TO LTSC COMMUNITY DEVELOPMENT CORP. IN THE LAST SIX MONTHS. LTSC COMMUNITY DEVELOPMENT CORP. ALSO REQUIRES BOARD OF DIRECTORS TO ANNUALLY SIGN A STATEMENT AFFIRMING (A) RECEIPT OF LTSC COMMUNITY DEVELOPMENT CORP. CONFLICT OF INTEREST POLICY (B) UNDERSTANDING OF THE POLICY AND (C) AGREEMENT WITH THE POLICY. LTSC COMMUNITY DEVELOPMENT CORP. CONFLICT OF INTEREST POLICY DESCRIBES HOW LTSC COMMUNITY DEVELOPMENT CORP. WILL RESOLVE POSSIBLE CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE BOARD REVIEWED LTSC COMMUNITY DEVELOPMENT CORP. PRESIDENT'S AND CHIEF FINANCIAL OFFICER'S COMPENSATION IN 2015. THE BOARD REVIEWED DATA OF COMPARABLE COMPENSATION FOR SIMILARLY QUALIFIED NONPROFIT EXECUTIVES. THE OCCURRENCE OF THESE DELIBERATIONS ARE NOTED IN THE BOARD MINUTES. FORM 990, PART VI, SECTION C, LINE 19 SOME OR ALL OF THESE ITEMS MAYBE AVAILABLE AS PART OF A PUBLIC GRANT APPLICATION. HOWEVER, THERE IS NO PROCESS FOR MAKING THESE AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: TAX/BOOK DIFFERENCE ON OPERATING GAIN FROM INVESTMENT IN AFFILIATES 327,991. 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