﻿<?xml version="1.0" encoding="utf-8"?>
<Return xmlns="http://www.irs.gov/efile" xmlns:xsi="http://www.w3.org/2001/XMLSchema-instance" returnVersion="2024v5.0">
  <ReturnHeader binaryAttachmentCnt="0">
    <ReturnTs>2025-11-17T13:41:23-05:00</ReturnTs>
    <TaxPeriodEndDt>2024-12-31</TaxPeriodEndDt>
    <PreparerFirmGrp>
      <PreparerFirmEIN>473585867</PreparerFirmEIN>
      <PreparerFirmName>
        <BusinessNameLine1Txt>PROVIDENT FINANCIAL CONSULTING INC</BusinessNameLine1Txt>
      </PreparerFirmName>
      <PreparerUSAddress>
        <AddressLine1Txt>20201 SW BIRCH SUITE 275</AddressLine1Txt>
        <CityNm>NEWPORT BEACH</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>92660</ZIPCd>
      </PreparerUSAddress>
    </PreparerFirmGrp>
    <ReturnTypeCd>990PF</ReturnTypeCd>
    <TaxPeriodBeginDt>2024-01-01</TaxPeriodBeginDt>
    <Filer>
      <EIN>954167110</EIN>
      <BusinessName>
        <BusinessNameLine1Txt>ROBERT GUMBINER FOUNDATION</BusinessNameLine1Txt>
      </BusinessName>
      <BusinessNameControlTxt>ROBE</BusinessNameControlTxt>
      <PhoneNum>5624375359</PhoneNum>
      <USAddress>
        <AddressLine1Txt>1020 E 7TH STREET</AddressLine1Txt>
        <CityNm>LONG BEACH</CityNm>
        <StateAbbreviationCd>CA</StateAbbreviationCd>
        <ZIPCd>90813</ZIPCd>
      </USAddress>
    </Filer>
    <BusinessOfficerGrp>
      <PersonNm>MICHAEL DEOVLET</PersonNm>
      <PersonTitleTxt>CO-CHAIR/PRESIDENT</PersonTitleTxt>
      <PhoneNum>5624375359</PhoneNum>
      <SignatureDt>2025-11-14</SignatureDt>
      <DiscussWithPaidPreparerInd>true</DiscussWithPaidPreparerInd>
    </BusinessOfficerGrp>
    <IRSResponsiblePrtyInfoCurrInd>false</IRSResponsiblePrtyInfoCurrInd>
    <PreparerPersonGrp>
      <PreparerPersonNm>JAMES E PICKETT JEP</PreparerPersonNm>
      <PTIN>P00293441</PTIN>
      <PhoneNum>7143610171</PhoneNum>
      <PreparationDt>2025-11-14</PreparationDt>
      <SelfEmployedInd>X</SelfEmployedInd>
    </PreparerPersonGrp>
    <TaxYr>2024</TaxYr>
    <BuildTS>2025-03-06 01:10:19Z</BuildTS>
  </ReturnHeader>
  <ReturnData documentCnt="18">
    <IRS990PF documentId="RetDoc26">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <FMVAssetsEOYAmt>17888631</FMVAssetsEOYAmt>
      <MethodOfAccountingCashInd>X</MethodOfAccountingCashInd>
      <AnalysisOfRevenueAndExpenses>
        <ContriRcvdRevAndExpnssAmt>126139</ContriRcvdRevAndExpnssAmt>
        <DividendsRevAndExpnssAmt>157196</DividendsRevAndExpnssAmt>
        <DividendsNetInvstIncmAmt>157196</DividendsNetInvstIncmAmt>
        <GrossRentsRevAndExpnssAmt>911546</GrossRentsRevAndExpnssAmt>
        <GrossRentsNetInvstIncmAmt>911546</GrossRentsNetInvstIncmAmt>
        <NetRentalIncomeOrLossAmt>-41747</NetRentalIncomeOrLossAmt>
        <NetGainSaleAstRevAndExpnssAmt>8325</NetGainSaleAstRevAndExpnssAmt>
        <GrossSalesPriceAmt>1250201</GrossSalesPriceAmt>
        <CapGainNetIncmNetInvstIncmAmt>8325</CapGainNetIncmNetInvstIncmAmt>
        <GrossSalesLessRetAndAllwncAmt>645</GrossSalesLessRetAndAllwncAmt>
        <CostOfGoodsSoldAmt>239</CostOfGoodsSoldAmt>
        <GrossProfitRevAndExpnssAmt referenceDocumentId="RetDoc24">406</GrossProfitRevAndExpnssAmt>
        <GrossProfitAdjNetIncmAmt>406</GrossProfitAdjNetIncmAmt>
        <OtherIncomeRevAndExpnssAmt referenceDocumentId="RetDoc21">14176</OtherIncomeRevAndExpnssAmt>
        <OtherIncomeNetInvstIncmAmt>3749</OtherIncomeNetInvstIncmAmt>
        <OtherIncomeAdjNetIncmAmt>10427</OtherIncomeAdjNetIncmAmt>
        <TotalRevAndExpnssAmt>1217788</TotalRevAndExpnssAmt>
        <TotalNetInvstIncmAmt>1080816</TotalNetInvstIncmAmt>
        <TotalAdjNetIncmAmt>10833</TotalAdjNetIncmAmt>
        <CompOfcrDirTrstRevAndExpnssAmt>100000</CompOfcrDirTrstRevAndExpnssAmt>
        <CompOfcrDirTrstNetInvstIncmAmt>50000</CompOfcrDirTrstNetInvstIncmAmt>
        <CompOfcrDirTrstDsbrsChrtblAmt>50000</CompOfcrDirTrstDsbrsChrtblAmt>
        <OthEmplSlrsWgsRevAndExpnssAmt>113477</OthEmplSlrsWgsRevAndExpnssAmt>
        <OthEmplSlrsWgsAdjNetIncmAmt>6474</OthEmplSlrsWgsAdjNetIncmAmt>
        <OthEmplSlrsWgsDsbrsChrtblAmt>107003</OthEmplSlrsWgsDsbrsChrtblAmt>
        <PensionEmplBnftRevAndExpnssAmt>34438</PensionEmplBnftRevAndExpnssAmt>
        <PensionEmplBnftNetInvstIncmAmt>9543</PensionEmplBnftNetInvstIncmAmt>
        <PensionEmplBnftAdjNetIncmAmt>876</PensionEmplBnftAdjNetIncmAmt>
        <PensionEmplBnftDsbrsChrtblAmt>24019</PensionEmplBnftDsbrsChrtblAmt>
        <LegalFeesRevAndExpnssAmt referenceDocumentId="RetDoc17">2315</LegalFeesRevAndExpnssAmt>
        <LegalFeesNetInvstIncmAmt>2315</LegalFeesNetInvstIncmAmt>
        <AccountingFeesRevAndExpnssAmt referenceDocumentId="RetDoc11">73500</AccountingFeesRevAndExpnssAmt>
        <AccountingFeesNetInvstIncmAmt>36750</AccountingFeesNetInvstIncmAmt>
        <AccountingFeesChrtblPrpsAmt>36750</AccountingFeesChrtblPrpsAmt>
        <OtherProfFeesRevAndExpnssAmt referenceDocumentId="RetDoc23">109281</OtherProfFeesRevAndExpnssAmt>
        <OtherProfFeesNetInvstIncmAmt>109281</OtherProfFeesNetInvstIncmAmt>
        <TaxesRevAndExpnssAmt referenceDocumentId="RetDoc25">98980</TaxesRevAndExpnssAmt>
        <TaxesNetInvstIncmAmt>88676</TaxesNetInvstIncmAmt>
        <TaxesDsbrsChrtblAmt>7804</TaxesDsbrsChrtblAmt>
        <DeprecAndDpltnRevAndExpnssAmt referenceDocumentId="RetDoc12">245208</DeprecAndDpltnRevAndExpnssAmt>
        <DeprecAndDpltnNetInvstIncmAmt>133288</DeprecAndDpltnNetInvstIncmAmt>
        <DeprecAndDpltnAdjNetIncmAmt>26086</DeprecAndDpltnAdjNetIncmAmt>
        <OccupancyRevAndExpnssAmt>34894</OccupancyRevAndExpnssAmt>
        <OccupancyAdjNetIncmAmt>1991</OccupancyAdjNetIncmAmt>
        <OccupancyDsbrsChrtblAmt>32903</OccupancyDsbrsChrtblAmt>
        <TravConfMeetingRevAndExpnssAmt>40560</TravConfMeetingRevAndExpnssAmt>
        <TravConfMeetingAdjNetIncmAmt>83</TravConfMeetingAdjNetIncmAmt>
        <TravConfMeetingDsbrsChrtblAmt>40477</TravConfMeetingDsbrsChrtblAmt>
        <OtherExpensesRevAndExpnssAmt referenceDocumentId="RetDoc20">688468</OtherExpensesRevAndExpnssAmt>
        <OtherExpensesNetInvstIncmAmt>635071</OtherExpensesNetInvstIncmAmt>
        <OtherExpensesAdjNetIncmAmt>1410</OtherExpensesAdjNetIncmAmt>
        <OtherExpensesDsbrsChrtblAmt>51987</OtherExpensesDsbrsChrtblAmt>
        <TotOprExpensesRevAndExpnssAmt>1541121</TotOprExpensesRevAndExpnssAmt>
        <TotOprExpensesNetInvstIncmAmt>1064924</TotOprExpensesNetInvstIncmAmt>
        <TotOprExpensesAdjNetIncmAmt>36920</TotOprExpensesAdjNetIncmAmt>
        <TotOprExpensesDsbrsChrtblAmt>350943</TotOprExpensesDsbrsChrtblAmt>
        <ContriPaidRevAndExpnssAmt>486700</ContriPaidRevAndExpnssAmt>
        <ContriPaidDsbrsChrtblAmt>486700</ContriPaidDsbrsChrtblAmt>
        <TotalExpensesRevAndExpnssAmt>2027821</TotalExpensesRevAndExpnssAmt>
        <TotalExpensesNetInvstIncmAmt>1064924</TotalExpensesNetInvstIncmAmt>
        <TotalExpensesAdjNetIncmAmt>36920</TotalExpensesAdjNetIncmAmt>
        <TotalExpensesDsbrsChrtblAmt>837643</TotalExpensesDsbrsChrtblAmt>
        <ExcessRevenueOverExpensesAmt>-810033</ExcessRevenueOverExpensesAmt>
        <NetInvestmentIncomeAmt>15892</NetInvestmentIncomeAmt>
      </AnalysisOfRevenueAndExpenses>
      <Form990PFBalanceSheetsGrp>
        <SavAndTempCashInvstBOYAmt>1580589</SavAndTempCashInvstBOYAmt>
        <SavAndTempCashInvstEOYAmt>2296596</SavAndTempCashInvstEOYAmt>
        <SavAndTempCashInvstEOYFMVAmt>2296596</SavAndTempCashInvstEOYFMVAmt>
        <AcctRcvblAmt>19525</AcctRcvblAmt>
        <AcctRcvblBOYAmt>26206</AcctRcvblBOYAmt>
        <AcctRcvblEOYAmt>19525</AcctRcvblEOYAmt>
        <AcctRcvblEOYFMVAmt>19525</AcctRcvblEOYFMVAmt>
        <OtherNtsAndLoansRcvblAmt>1000000</OtherNtsAndLoansRcvblAmt>
        <OtherNtsAndLoansRcvblBOYAmt>1017409</OtherNtsAndLoansRcvblBOYAmt>
        <OtherNtsAndLoansRcvblEOYAmt referenceDocumentId="RetDoc10">1000000</OtherNtsAndLoansRcvblEOYAmt>
        <OtherNtsAndLoansRcvblEOYFMVAmt>1000000</OtherNtsAndLoansRcvblEOYFMVAmt>
        <InventoriesBOYAmt>5904</InventoriesBOYAmt>
        <InventoriesEOYAmt>5665</InventoriesEOYAmt>
        <InventoriesEOYFMVAmt>5665</InventoriesEOYFMVAmt>
        <USGovernmentObligationsBOYAmt>1191587</USGovernmentObligationsBOYAmt>
        <CorporateStockBOYAmt>849131</CorporateStockBOYAmt>
        <CorporateStockEOYAmt referenceDocumentId="RetDoc14">849131</CorporateStockEOYAmt>
        <CorporateStockEOYFMVAmt>1589731</CorporateStockEOYFMVAmt>
        <CorporateBondsBOYAmt>248428</CorporateBondsBOYAmt>
        <CorporateBondsEOYAmt referenceDocumentId="RetDoc13">200065</CorporateBondsEOYAmt>
        <CorporateBondsEOYFMVAmt>200733</CorporateBondsEOYFMVAmt>
        <InvstLandCostOrOtherBasisAmt>5527925</InvstLandCostOrOtherBasisAmt>
        <InvstLandAccumDepreciationAmt>2715853</InvstLandAccumDepreciationAmt>
        <LandBldgInvestmentsBOYAmt>2945359</LandBldgInvestmentsBOYAmt>
        <LandBldgInvestmentsEOYAmt referenceDocumentId="RetDoc15">2812072</LandBldgInvestmentsEOYAmt>
        <LandBldgInvestmentsEOYFMVAmt>5673871</LandBldgInvestmentsEOYFMVAmt>
        <LandBldgEquipCostOrOtherBssAmt>5609384</LandBldgEquipCostOrOtherBssAmt>
        <LandBldgEquipAccumDeprecAmt>3017904</LandBldgEquipAccumDeprecAmt>
        <LandBOYAmt>2711099</LandBOYAmt>
        <LandEOYAmt referenceDocumentId="RetDoc16">2591480</LandEOYAmt>
        <LandEOYFMVAmt>5609384</LandEOYFMVAmt>
        <OtherAssetsBOYAmt referenceDocumentId="RetDoc18">1493126</OtherAssetsBOYAmt>
        <OtherAssetsEOYAmt referenceDocumentId="RetDoc18">1493126</OtherAssetsEOYAmt>
        <OtherAssetsEOYFMVAmt referenceDocumentId="RetDoc18">1493126</OtherAssetsEOYFMVAmt>
        <TotalAssetsBOYAmt>12068838</TotalAssetsBOYAmt>
        <TotalAssetsEOYAmt>11267660</TotalAssetsEOYAmt>
        <TotalAssetsEOYFMVAmt>17888631</TotalAssetsEOYFMVAmt>
        <AccountsPayableBOYAmt>3026</AccountsPayableBOYAmt>
        <AccountsPayableEOYAmt>19830</AccountsPayableEOYAmt>
        <OtherLiabilitiesBOYAmt referenceDocumentId="RetDoc22">31111</OtherLiabilitiesBOYAmt>
        <OtherLiabilitiesEOYAmt referenceDocumentId="RetDoc22">30863</OtherLiabilitiesEOYAmt>
        <TotalLiabilitiesBOYAmt>34137</TotalLiabilitiesBOYAmt>
        <TotalLiabilitiesEOYAmt>50693</TotalLiabilitiesEOYAmt>
        <OrgDoesNotFollowFASB117Ind>X</OrgDoesNotFollowFASB117Ind>
        <CapitalStockBOYAmt>2174</CapitalStockBOYAmt>
        <CapitalStockEOYAmt>2174</CapitalStockEOYAmt>
        <AdditionalPaidInCapitalBOYAmt>1396432</AdditionalPaidInCapitalBOYAmt>
        <AdditionalPaidInCapitalEOYAmt>1396432</AdditionalPaidInCapitalEOYAmt>
        <RetainedEarningBOYAmt>10636095</RetainedEarningBOYAmt>
        <RetainedEarningEOYAmt>9818361</RetainedEarningEOYAmt>
        <TotNetAstOrFundBalancesBOYAmt>12034701</TotNetAstOrFundBalancesBOYAmt>
        <TotNetAstOrFundBalancesEOYAmt>11216967</TotNetAstOrFundBalancesEOYAmt>
        <TotalLiabilitiesNetAstBOYAmt>12068838</TotalLiabilitiesNetAstBOYAmt>
        <TotalLiabilitiesNetAstEOYAmt>11267660</TotalLiabilitiesNetAstEOYAmt>
      </Form990PFBalanceSheetsGrp>
      <ChgInNetAssetsFundBalancesGrp>
        <TotNetAstOrFundBalancesBOYAmt>12034701</TotNetAstOrFundBalancesBOYAmt>
        <ExcessRevenueOverExpensesAmt>-810033</ExcessRevenueOverExpensesAmt>
        <SubtotalAmt>11224668</SubtotalAmt>
        <OtherDecreasesAmt referenceDocumentId="RetDoc19">7701</OtherDecreasesAmt>
        <TotNetAstOrFundBalancesEOYAmt>11216967</TotNetAstOrFundBalancesEOYAmt>
      </ChgInNetAssetsFundBalancesGrp>
      <CapGainsLossTxInvstIncmDetail>
        <CapGainsLossTxInvstIncmGrp>
          <PropertyDesc>PUBLICLY TRADED SECURITIES</PropertyDesc>
          <HowAcquiredCd>P</HowAcquiredCd>
          <GrossSalesPriceAmt>1250201</GrossSalesPriceAmt>
          <CostOrOtherBasisAmt>1241876</CostOrOtherBasisAmt>
          <GainOrLossAmt>8325</GainOrLossAmt>
          <GainsMinusExcessOrLossesAmt>8325</GainsMinusExcessOrLossesAmt>
        </CapGainsLossTxInvstIncmGrp>
        <CapitalGainNetIncomeAmt>8325</CapitalGainNetIncomeAmt>
        <NetShortTermCapitalGainLossAmt>8325</NetShortTermCapitalGainLossAmt>
      </CapGainsLossTxInvstIncmDetail>
      <ExciseTaxBasedOnInvstIncmGrp>
        <InvestmentIncomeExciseTaxAmt>221</InvestmentIncomeExciseTaxAmt>
        <SubtotalAmt>221</SubtotalAmt>
        <TaxBasedOnInvestmentIncomeAmt>221</TaxBasedOnInvestmentIncomeAmt>
        <EstimatedPlusOvpmtIncmTxAmt>5839</EstimatedPlusOvpmtIncmTxAmt>
        <ExtsnRequestIncomeTaxPaidAmt>2500</ExtsnRequestIncomeTaxPaidAmt>
        <TotalPaymentsAndCreditsAmt>8339</TotalPaymentsAndCreditsAmt>
        <OverpaymentAmt>8118</OverpaymentAmt>
        <AppliedToESTaxAmt>8118</AppliedToESTaxAmt>
      </ExciseTaxBasedOnInvstIncmGrp>
      <StatementsRegardingActyGrp>
        <LegislativePoliticalActyInd>false</LegislativePoliticalActyInd>
        <MoreThan100SpentInd>false</MoreThan100SpentInd>
        <ActivitiesNotPreviouslyRptInd>false</ActivitiesNotPreviouslyRptInd>
        <ChangesToArticlesOrBylawsInd>false</ChangesToArticlesOrBylawsInd>
        <UnrelatedBusIncmOverLimitInd>false</UnrelatedBusIncmOverLimitInd>
        <OrganizationDissolvedEtcInd>false</OrganizationDissolvedEtcInd>
        <Section508eRqrSatisfiedInd>true</Section508eRqrSatisfiedInd>
        <AtLeast5000InAssetsInd>true</AtLeast5000InAssetsInd>
        <OrgReportOrRegisterStateCd>CA</OrgReportOrRegisterStateCd>
        <Form990PFFiledWithAttyGenInd>true</Form990PFFiledWithAttyGenInd>
        <PrivateOperatingFoundationInd>false</PrivateOperatingFoundationInd>
        <NewSubstantialContributorsInd>false</NewSubstantialContributorsInd>
        <OwnControlledEntityInd>false</OwnControlledEntityInd>
        <DonorAdvisedFundInd>false</DonorAdvisedFundInd>
        <ComplyWithPublicInspRqrInd>true</ComplyWithPublicInspRqrInd>
        <WebsiteAddressTxt>N/A</WebsiteAddressTxt>
        <IndividualWithBooksNm>MICHAEL DEOVLET</IndividualWithBooksNm>
        <PhoneNum>5624375359</PhoneNum>
        <LocationOfBooksUSAddress>
          <AddressLine1Txt>1020 E 7TH STREET</AddressLine1Txt>
          <CityNm>LONG BEACH</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90813</ZIPCd>
        </LocationOfBooksUSAddress>
        <ForeignAccountsQuestionInd>false</ForeignAccountsQuestionInd>
      </StatementsRegardingActyGrp>
      <StatementsRegardingActy4720Grp>
        <SaleOrExchDisqualifiedPrsnInd>false</SaleOrExchDisqualifiedPrsnInd>
        <BrrwOrLendDisqualifiedPrsnInd>false</BrrwOrLendDisqualifiedPrsnInd>
        <FurnGoodsDisqualifiedPrsnInd>true</FurnGoodsDisqualifiedPrsnInd>
        <PayCompDisqualifiedPrsnInd>true</PayCompDisqualifiedPrsnInd>
        <TransferAstDisqualifiedPrsnInd>false</TransferAstDisqualifiedPrsnInd>
        <PaymentToGovernmentOfficialInd>false</PaymentToGovernmentOfficialInd>
        <ActsFailToQlfyAsExceptionsInd>false</ActsFailToQlfyAsExceptionsInd>
        <UndistributedIncomePYInd>false</UndistributedIncomePYInd>
        <BusinessHoldingsInd>false</BusinessHoldingsInd>
        <JeopardyInvestmentsInd>false</JeopardyInvestmentsInd>
        <InfluenceLegislationInd>false</InfluenceLegislationInd>
        <InfluenceElectionInd>false</InfluenceElectionInd>
        <GrantsToIndividualsInd>false</GrantsToIndividualsInd>
        <GrantsToOrganizationsInd>false</GrantsToOrganizationsInd>
        <NoncharitablePurposeInd>false</NoncharitablePurposeInd>
        <RcvFndsToPayPrsnlBnftCntrctInd>false</RcvFndsToPayPrsnlBnftCntrctInd>
        <PayPremiumsPrsnlBnftCntrctInd>false</PayPremiumsPrsnlBnftCntrctInd>
        <ProhibitedTaxShelterTransInd>false</ProhibitedTaxShelterTransInd>
        <SubjToTaxRmnrtnExPrchtPymtInd>false</SubjToTaxRmnrtnExPrchtPymtInd>
      </StatementsRegardingActy4720Grp>
      <OfficerDirTrstKeyEmplInfoGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>MICHAEL DEOVLET</PersonNm>
          <USAddress>
            <AddressLine1Txt>1020 E 7TH STREET</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90813</ZIPCd>
          </USAddress>
          <TitleTxt>CO-CHAIR/PRE</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>30.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>100000</CompensationAmt>
          <EmployeeBenefitProgramAmt>19086</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>BURKE GUMBINER</PersonNm>
          <USAddress>
            <AddressLine1Txt>4053 SUNNYSLOPE AVE</AddressLine1Txt>
            <CityNm>LOS ANGELES</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91423</ZIPCd>
          </USAddress>
          <TitleTxt>CO-CHAIR/SEC</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <OfficerDirTrstKeyEmplGrp>
          <PersonNm>ALIS GUMBINER</PersonNm>
          <USAddress>
            <AddressLine1Txt>1020 E 7TH STREET</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90813</ZIPCd>
          </USAddress>
          <TitleTxt>DIRECTOR</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>2.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>0</CompensationAmt>
          <EmployeeBenefitProgramAmt>0</EmployeeBenefitProgramAmt>
          <ExpenseAccountOtherAllwncAmt>0</ExpenseAccountOtherAllwncAmt>
        </OfficerDirTrstKeyEmplGrp>
        <CompensationHighestPaidEmplGrp>
          <PersonNm>FRAN LUJAN</PersonNm>
          <USAddress>
            <AddressLine1Txt>1020 E 7TH STREET</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90813</ZIPCd>
          </USAddress>
          <TitleTxt>MUSEUM DIREC</TitleTxt>
          <AverageHrsPerWkDevotedToPosRt>40.00</AverageHrsPerWkDevotedToPosRt>
          <CompensationAmt>66000</CompensationAmt>
          <EmployeeBenefitsAmt>15779</EmployeeBenefitsAmt>
        </CompensationHighestPaidEmplGrp>
        <CompensationOfHghstPdCntrctGrp>
          <PersonNm>BRIAN HOPE</PersonNm>
          <USAddress>
            <AddressLine1Txt>8511 HUNTER DRIVE</AddressLine1Txt>
            <CityNm>ALTA LOMA</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>91701</ZIPCd>
          </USAddress>
          <ServiceTypeTxt>ACCTG/PORT MGM</ServiceTypeTxt>
          <CompensationAmt>54000</CompensationAmt>
        </CompensationOfHghstPdCntrctGrp>
      </OfficerDirTrstKeyEmplInfoGrp>
      <SummaryOfDirectChrtblActyGrp>
        <Description1Txt>PACIFIC ISLAND ETHNIC ART MUSEUM</Description1Txt>
        <Expenses1Amt>189873</Expenses1Amt>
      </SummaryOfDirectChrtblActyGrp>
      <SumOfProgramRelatedInvstGrp>
        <Description1Txt>N/A</Description1Txt>
      </SumOfProgramRelatedInvstGrp>
      <MinimumInvestmentReturnGrp>
        <AverageMonthlyFMVOfSecAmt>2388595</AverageMonthlyFMVOfSecAmt>
        <AverageMonthlyCashBalancesAmt>1860958</AverageMonthlyCashBalancesAmt>
        <FMVAllOtherNoncharitableAstAmt>5673871</FMVAllOtherNoncharitableAstAmt>
        <TotalFMVOfUnusedAssetsAmt>9923424</TotalFMVOfUnusedAssetsAmt>
        <AdjustedTotalFMVOfUnusedAstAmt>9923424</AdjustedTotalFMVOfUnusedAstAmt>
        <CashDeemedCharitableAmt>148851</CashDeemedCharitableAmt>
        <NetVlNoncharitableAssetsAmt>9774573</NetVlNoncharitableAssetsAmt>
        <MinimumInvestmentReturnAmt>488729</MinimumInvestmentReturnAmt>
      </MinimumInvestmentReturnGrp>
      <DistributableAmountGrp>
        <MinimumInvestmentReturnAmt>488729</MinimumInvestmentReturnAmt>
        <TaxBasedOnInvestmentIncomeAmt>221</TaxBasedOnInvestmentIncomeAmt>
        <TotalTaxAmt>221</TotalTaxAmt>
        <DistributableBeforeAdjAmt>488508</DistributableBeforeAdjAmt>
        <DistributableBeforeDedAmt>488508</DistributableBeforeDedAmt>
        <DistributableAsAdjustedAmt>488508</DistributableAsAdjustedAmt>
      </DistributableAmountGrp>
      <PFQualifyingDistributionsGrp>
        <ExpensesAndContributionsAmt>837643</ExpensesAndContributionsAmt>
        <QualifyingDistributionsAmt>837643</QualifyingDistributionsAmt>
      </PFQualifyingDistributionsGrp>
      <UndistributedIncomeGrp>
        <DistributableAsAdjustedAmt>488508</DistributableAsAdjustedAmt>
        <ExcessDistributionCyovYr4Amt>294726</ExcessDistributionCyovYr4Amt>
        <ExcessDistributionCyovYr3Amt>135654</ExcessDistributionCyovYr3Amt>
        <ExcessDistributionCyovYr2Amt>257210</ExcessDistributionCyovYr2Amt>
        <ExcessDistributionCyovYr1Amt>276641</ExcessDistributionCyovYr1Amt>
        <TotalExcessDistributionCyovAmt>964231</TotalExcessDistributionCyovAmt>
        <QualifyingDistributionsAmt>837643</QualifyingDistributionsAmt>
        <AppliedToCurrentYearAmt>488508</AppliedToCurrentYearAmt>
        <RemainingDistriFromCorpusAmt>349135</RemainingDistriFromCorpusAmt>
        <TotalCorpusAmt>1313366</TotalCorpusAmt>
        <UndistributedIncomeCYAmt>0</UndistributedIncomeCYAmt>
        <ExcessDistriCyovToNextYrAmt>1313366</ExcessDistriCyovToNextYrAmt>
        <ExcessFromYear4Amt>294726</ExcessFromYear4Amt>
        <ExcessFromYear3Amt>135654</ExcessFromYear3Amt>
        <ExcessFromYear2Amt>257210</ExcessFromYear2Amt>
        <ExcessFromYear1Amt>276641</ExcessFromYear1Amt>
        <ExcessFromCurrentYearAmt>349135</ExcessFromCurrentYearAmt>
      </UndistributedIncomeGrp>
      <SupplementaryInformationGrp>
        <OnlyContriToPreselectedInd>X</OnlyContriToPreselectedInd>
        <GrantOrContributionPdDurYrGrp>
          <RecipientBusinessName>
            <BusinessNameLine1Txt>MUSEUM OF LATIN AMERICAN</BusinessNameLine1Txt>
            <BusinessNameLine2Txt>ART</BusinessNameLine2Txt>
          </RecipientBusinessName>
          <RecipientUSAddress>
            <AddressLine1Txt>638 ALAMITOS AVENUE</AddressLine1Txt>
            <CityNm>LONG BEACH</CityNm>
            <StateAbbreviationCd>CA</StateAbbreviationCd>
            <ZIPCd>90802</ZIPCd>
          </RecipientUSAddress>
          <RecipientRelationshipTxt>N/A</RecipientRelationshipTxt>
          <RecipientFoundationStatusTxt>PC</RecipientFoundationStatusTxt>
          <GrantOrContributionPurposeTxt>PROMOTION OF VISUAL ARTS &amp; CULTURE</GrantOrContributionPurposeTxt>
          <Amt>486700</Amt>
        </GrantOrContributionPdDurYrGrp>
        <TotalGrantOrContriPdDurYrAmt>486700</TotalGrantOrContriPdDurYrAmt>
      </SupplementaryInformationGrp>
      <AnalysisIncomeProducingActyGrp>
        <ProgramServiceRevenueDtl>
          <Desc>PIEAM</Desc>
          <RelatedOrExemptFunctionIncmAmt>10427</RelatedOrExemptFunctionIncmAmt>
        </ProgramServiceRevenueDtl>
        <DividendsAndInterestFromSecDtl>
          <ExclusionCd>14</ExclusionCd>
          <ExclusionAmt>157196</ExclusionAmt>
        </DividendsAndInterestFromSecDtl>
        <NetRntlIncmReNotDebtFincdProp>
          <ExclusionCd>16</ExclusionCd>
          <ExclusionAmt>-41747</ExclusionAmt>
        </NetRntlIncmReNotDebtFincdProp>
        <OtherInvestmentIncomeGrp>
          <ExclusionCd>15</ExclusionCd>
          <ExclusionAmt>3749</ExclusionAmt>
        </OtherInvestmentIncomeGrp>
        <GainSalesAstOthThanInvntryGrp>
          <ExclusionCd>18</ExclusionCd>
          <ExclusionAmt>8325</ExclusionAmt>
        </GainSalesAstOthThanInvntryGrp>
        <GrossProfitLossSlsOfInvntryGrp>
          <RelatedOrExemptFunctionIncmAmt>406</RelatedOrExemptFunctionIncmAmt>
        </GrossProfitLossSlsOfInvntryGrp>
        <SubtotalsIncmProducingActyGrp>
          <ExclusionAmt>127523</ExclusionAmt>
          <RelatedOrExemptFunctionIncmAmt>10833</RelatedOrExemptFunctionIncmAmt>
        </SubtotalsIncmProducingActyGrp>
        <TotalIncomeProducingActyAmt>138356</TotalIncomeProducingActyAmt>
      </AnalysisIncomeProducingActyGrp>
      <RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>1A</LineNumberTxt>
          <RelationshipStatementTxt>ADMISSION REVENUE, MEMBERSHIP DUES, AND INCOME FROM</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>1A</LineNumberTxt>
          <RelationshipStatementTxt>SPECIAL EVENTS DERIVED FROM EXEMPT PURPOSE ACTIVITIES</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>1A</LineNumberTxt>
          <RelationshipStatementTxt>RELATED TO THE PACIFIC ISLAND ETHNIC ART MUSEUM ("PIEAM"),</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>1A</LineNumberTxt>
          <RelationshipStatementTxt>INCLUDING, AMONG OTHER EXEMPT PURPOSES, THE PROMOTION OF</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
        <RlnOfActyToAccomOfExmptPrpsGrp>
          <LineNumberTxt>1A</LineNumberTxt>
          <RelationshipStatementTxt>ART AND ART CULTURE.</RelationshipStatementTxt>
        </RlnOfActyToAccomOfExmptPrpsGrp>
      </RlnOfActyToAccomOfExmptPrpsGrp>
      <TrnsfrTransRlnNonchrtblEOGrp>
        <TrnsfrOfCashToNonchrtblEOInd>false</TrnsfrOfCashToNonchrtblEOInd>
        <TrnsfrOtherAssetNonchrtblEOInd>false</TrnsfrOtherAssetNonchrtblEOInd>
        <SalesOrExchangesOfAssetsInd>false</SalesOrExchangesOfAssetsInd>
        <PurchaseOfAssetsNonchrtblEOInd>false</PurchaseOfAssetsNonchrtblEOInd>
        <RentalOfFacilitiesOthAssetsInd>false</RentalOfFacilitiesOthAssetsInd>
        <ReimbursementArrangementsInd>false</ReimbursementArrangementsInd>
        <LoansOrLoanGuaranteesInd>false</LoansOrLoanGuaranteesInd>
        <PerformanceOfServicesEtcInd>false</PerformanceOfServicesEtcInd>
        <SharingOfFacilitiesEtcInd>false</SharingOfFacilitiesEtcInd>
        <RelationshipsNonchrtblEOInd>false</RelationshipsNonchrtblEOInd>
      </TrnsfrTransRlnNonchrtblEOGrp>
    </IRS990PF>
    <IRS990ScheduleB documentId="RetDoc1">
      <Organization501c3ExemptPFInd>X</Organization501c3ExemptPFInd>
      <GeneralRuleInd>X</GeneralRuleInd>
      <ContributorInformationGrp>
        <ContributorNum>1</ContributorNum>
        <ContributorBusinessName>
          <BusinessNameLine1Txt>ASIAN AMERICAN FUTURES</BusinessNameLine1Txt>
        </ContributorBusinessName>
        <ContributorUSAddress>
          <AddressLine1Txt>15333 CULVER DRIVE</AddressLine1Txt>
          <AddressLine2Txt>SUITE 340-2181</AddressLine2Txt>
          <CityNm>IRVINE</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>92604</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>26000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>2</ContributorNum>
        <ContributorPersonNm>CAL STATE UNIVERSITY LOS ANGELES</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>5151 STATE UNIVERSITY DR</AddressLine1Txt>
          <CityNm>LOS ANGELES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90032</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>5000</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>3</ContributorNum>
        <ContributorPersonNm>COMMUNITY PARTNERS</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1000 N ALAMEDA STREET</AddressLine1Txt>
          <AddressLine2Txt>SUITE 240</AddressLine2Txt>
          <CityNm>LOS ANGELES</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90012</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>22750</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
      <ContributorInformationGrp>
        <ContributorNum>4</ContributorNum>
        <ContributorPersonNm>KUTTURAN CHAMORU FOUNDATION</ContributorPersonNm>
        <ContributorUSAddress>
          <AddressLine1Txt>1321 E ANAHEIM ST</AddressLine1Txt>
          <CityNm>LONG BEACH</CityNm>
          <StateAbbreviationCd>CA</StateAbbreviationCd>
          <ZIPCd>90813</ZIPCd>
        </ContributorUSAddress>
        <TotalContributionsAmt>67500</TotalContributionsAmt>
        <PersonContributionInd>X</PersonContributionInd>
      </ContributorInformationGrp>
    </IRS990ScheduleB>
    <AccountingFeesSchedule documentId="RetDoc11">
      <AccountingFeesDetail>
        <CategoryTxt>ACCOUNTING</CategoryTxt>
        <Amt>73500</Amt>
        <NetInvestmentIncomeAmt>36750</NetInvestmentIncomeAmt>
        <DisbursementsCharitablePrpsAmt>36750</DisbursementsCharitablePrpsAmt>
      </AccountingFeesDetail>
    </AccountingFeesSchedule>
    <DepreciationSchedule documentId="RetDoc12">
      <DepreciationPropertyGrp>
        <PropertyDesc>TRIANGLE IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>1998-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>58421</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>55233</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>2124</CurrentYearExpenseAmt>
        <AdjustedNetIncomeAmt>2124</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>TRIANGLE IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>1999-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>3855</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>3420</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>140</CurrentYearExpenseAmt>
        <AdjustedNetIncomeAmt>140</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>TRIANGLE BLDG MURAL</PropertyDesc>
        <AcquiredDt>1995-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>18858</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>18858</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2008-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>198085</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>78726</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>5079</CurrentYearExpenseAmt>
        <AdjustedNetIncomeAmt>5079</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>695 ALAMITOS IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2009-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>614695</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>228540</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>15761</CurrentYearExpenseAmt>
        <AdjustedNetIncomeAmt>15761</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>TRIANGLE BUILDING</PropertyDesc>
        <AcquiredDt>1994-12-29</AcquiredDt>
        <CostOrOtherBasisAmt>225000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>225000</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>TRIANGLE PARK-LAND</PropertyDesc>
        <AcquiredDt>1994-12-29</AcquiredDt>
        <CostOrOtherBasisAmt>218000</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>902 ALAMITOS-IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2010-06-30</AcquiredDt>
        <CostOrOtherBasisAmt>97428</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>33725</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>2498</CurrentYearExpenseAmt>
        <AdjustedNetIncomeAmt>2498</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>695 ALAMITOS CAPITAL IMPROVE</PropertyDesc>
        <AcquiredDt>2019-04-04</AcquiredDt>
        <CostOrOtherBasisAmt>18867</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2298</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>484</CurrentYearExpenseAmt>
        <AdjustedNetIncomeAmt>484</AdjustedNetIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>278 ALAMITOS-BLDG</PropertyDesc>
        <AcquiredDt>1997-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>294711</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>200250</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>7557</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>7557</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>278 ALAMITOS-LAND</PropertyDesc>
        <AcquiredDt>1997-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>265628</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>1998-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>2417</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1923</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>62</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>62</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>1999-07-14</AcquiredDt>
        <CostOrOtherBasisAmt>21343</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>15732</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>547</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>547</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2000-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>117206</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>80429</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>3005</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>3005</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2001-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>1716329</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>990184</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>44009</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>44009</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2002-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>82726</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>45605</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>2121</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>2121</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>1995-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>74454</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>54408</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>1909</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>1909</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>292 ALAMITOS IMPROVE</PropertyDesc>
        <AcquiredDt>1997-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>45700</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>45700</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>920 E. 3RD ST BLDG</PropertyDesc>
        <AcquiredDt>1999-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>216280</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>135640</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>5545</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>5545</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BLDGS</PropertyDesc>
        <AcquiredDt>2009-04-30</AcquiredDt>
        <CostOrOtherBasisAmt>333871</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>125558</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>8561</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>8561</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND</PropertyDesc>
        <AcquiredDt>2009-04-30</AcquiredDt>
        <CostOrOtherBasisAmt>175000</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1066 E. 7TH ST-BLDG</PropertyDesc>
        <AcquiredDt>2009-04-05</AcquiredDt>
        <CostOrOtherBasisAmt>581579</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>311938</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>21148</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>21148</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1066 E 7TH ST-LAND</PropertyDesc>
        <AcquiredDt>2009-04-05</AcquiredDt>
        <CostOrOtherBasisAmt>268421</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1052 E 7TH ST-BLDG</PropertyDesc>
        <AcquiredDt>2009-04-30</AcquiredDt>
        <CostOrOtherBasisAmt>316667</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>168889</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>11515</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>11515</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1052 E 7TH ST-LAND</PropertyDesc>
        <AcquiredDt>2009-04-30</AcquiredDt>
        <CostOrOtherBasisAmt>158333</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1046 E 7TH ST-BLDG</PropertyDesc>
        <AcquiredDt>2009-04-30</AcquiredDt>
        <CostOrOtherBasisAmt>205000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>109333</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>7455</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>7455</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1046 E 7TH ST-LAND</PropertyDesc>
        <AcquiredDt>2009-04-30</AcquiredDt>
        <CostOrOtherBasisAmt>205000</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BUILDING</PropertyDesc>
        <AcquiredDt>2009-01-20</AcquiredDt>
        <CostOrOtherBasisAmt>546000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>296991</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>19854</CurrentYearExpenseAmt>
        <NetInvestmentIncomeAmt>19854</NetInvestmentIncomeAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>LAND</PropertyDesc>
        <AcquiredDt>2009-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>234000</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BALBOA REMODEL</PropertyDesc>
        <AcquiredDt>1999-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>8500</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7541</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>309</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HIPPODROME IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>1996-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>314389</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>221683</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>8061</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1043 E 6TH ST</PropertyDesc>
        <AcquiredDt>1997-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>276181</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>187661</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>7082</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>628 ALAMITOS AVE</PropertyDesc>
        <AcquiredDt>1997-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>168719</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>114641</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>4326</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>1998-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>33120</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>31315</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>1205</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>BALBOA CAP IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>1998-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>6385</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>6036</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>232</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>1999-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>20547</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>18229</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>747</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVENTS</PropertyDesc>
        <AcquiredDt>2000-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>2350</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1965</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>86</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2001-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>1490</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>860</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>38</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2003-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>2547</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>1368</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>65</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2004-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>1593</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>816</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>41</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>CAPITAL IMPROVEMENTS</PropertyDesc>
        <AcquiredDt>2006-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>378095</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>165216</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>9695</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>INTERIOR DESIGN</PropertyDesc>
        <AcquiredDt>1995-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>7343</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>7343</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>INTERIOR DESIGN</PropertyDesc>
        <AcquiredDt>1995-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>14437</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>14437</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>INTERIOR DESIGN</PropertyDesc>
        <AcquiredDt>1996-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>2568</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>2568</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>7.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>COMPUTER EQUIPMENT</PropertyDesc>
        <AcquiredDt>2006-12-31</AcquiredDt>
        <CostOrOtherBasisAmt>877</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>877</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>OFFICE EQUIPMENT</PropertyDesc>
        <AcquiredDt>2004-01-01</AcquiredDt>
        <CostOrOtherBasisAmt>211</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>211</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>5.0000</LifeRt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HIPPODROME BLDG</PropertyDesc>
        <AcquiredDt>1995-12-15</AcquiredDt>
        <CostOrOtherBasisAmt>936000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>673996</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>24000</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>HIPPODROME LAND</PropertyDesc>
        <AcquiredDt>1995-12-15</AcquiredDt>
        <CostOrOtherBasisAmt>264000</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>6TH STREET BLDG</PropertyDesc>
        <AcquiredDt>1995-05-26</AcquiredDt>
        <CostOrOtherBasisAmt>300000</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>220510</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>7692</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>6TH STREET - LAND</PropertyDesc>
        <AcquiredDt>1995-05-26</AcquiredDt>
        <CostOrOtherBasisAmt>475000</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1033 6TH ST - BLDG</PropertyDesc>
        <AcquiredDt>1998-02-24</AcquiredDt>
        <CostOrOtherBasisAmt>180977</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>171102</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>6581</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1033 6TH ST - LAND</PropertyDesc>
        <AcquiredDt>1998-02-24</AcquiredDt>
        <CostOrOtherBasisAmt>60326</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1011 6TH ST - BLDG</PropertyDesc>
        <AcquiredDt>1998-03-10</AcquiredDt>
        <CostOrOtherBasisAmt>168856</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>159644</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>6141</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1011 6TH ST - LAND</PropertyDesc>
        <AcquiredDt>1998-03-10</AcquiredDt>
        <CostOrOtherBasisAmt>56285</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1021 6TH ST - BLDG</PropertyDesc>
        <AcquiredDt>1998-03-30</AcquiredDt>
        <CostOrOtherBasisAmt>117934</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>111502</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>4288</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1031 6TH ST - LAND</PropertyDesc>
        <AcquiredDt>1998-03-03</AcquiredDt>
        <CostOrOtherBasisAmt>39311</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1029 E. 6TH ST - BLDG</PropertyDesc>
        <AcquiredDt>1998-04-21</AcquiredDt>
        <CostOrOtherBasisAmt>58031</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>54864</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>27.5000</LifeRt>
        <CurrentYearExpenseAmt>2111</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1029 E. 6TH ST - LAND</PropertyDesc>
        <AcquiredDt>1998-04-21</AcquiredDt>
        <CostOrOtherBasisAmt>19344</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1038 7TH ST - BLDG</PropertyDesc>
        <AcquiredDt>2000-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>122220</CostOrOtherBasisAmt>
        <PriorYearDepreciationAmt>72080</PriorYearDepreciationAmt>
        <ComputationMethodTxt>S/L</ComputationMethodTxt>
        <LifeRt>39.0000</LifeRt>
        <CurrentYearExpenseAmt>3134</CurrentYearExpenseAmt>
      </DepreciationPropertyGrp>
      <DepreciationPropertyGrp>
        <PropertyDesc>1038 7TH ST - LAND</PropertyDesc>
        <AcquiredDt>2000-07-01</AcquiredDt>
        <CostOrOtherBasisAmt>38596</CostOrOtherBasisAmt>
      </DepreciationPropertyGrp>
    </DepreciationSchedule>
    <InvestmentsCorpBondsSchedule documentId="RetDoc13">
      <InvestmentsCorporateBondsGrp>
        <BondNm>CORPORATE BONDS</BondNm>
        <EOYBookValueAmt>200065</EOYBookValueAmt>
        <EOYFMVAmt>200733</EOYFMVAmt>
      </InvestmentsCorporateBondsGrp>
    </InvestmentsCorpBondsSchedule>
    <InvestmentsCorpStockSchedule documentId="RetDoc14">
      <InvestmentsCorporateStockGrp>
        <StockNm>CORPORATE STOCK</StockNm>
        <EOYBookValueAmt>849131</EOYBookValueAmt>
        <EOYFMVAmt>1589731</EOYFMVAmt>
      </InvestmentsCorporateStockGrp>
    </InvestmentsCorpStockSchedule>
    <InvestmentsLandSchedule2 documentId="RetDoc15">
      <InvestmentLandGrp>
        <CategoryOrItemTxt>LAND, BLDG, &amp; EQUIP (INVESTMENT)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>5527925</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>2715853</AccumulatedDepreciationAmt>
        <BookValueAmt>2812072</BookValueAmt>
        <EOYFMVAmt>5673871</EOYFMVAmt>
      </InvestmentLandGrp>
    </InvestmentsLandSchedule2>
    <LandEtcSchedule2 documentId="RetDoc16">
      <LandEtcGrp>
        <CategoryOrItemTxt>BLDG &amp; EQUIP (NON-INVESTMENT)</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>4428522</CostOrOtherBasisAmt>
        <AccumulatedDepreciationAmt>3017904</AccumulatedDepreciationAmt>
        <BookValueAmt>1410618</BookValueAmt>
        <EOYFMVAmt>4428522</EOYFMVAmt>
      </LandEtcGrp>
      <LandEtcGrp>
        <CategoryOrItemTxt>LAND</CategoryOrItemTxt>
        <CostOrOtherBasisAmt>1180862</CostOrOtherBasisAmt>
        <BookValueAmt>1180862</BookValueAmt>
        <EOYFMVAmt>1180862</EOYFMVAmt>
      </LandEtcGrp>
    </LandEtcSchedule2>
    <LegalFeesSchedule documentId="RetDoc17">
      <LegalFeesGrp>
        <CategoryTxt>1066 E 7TH STREET</CategoryTxt>
        <LegalFeesAmt>1240</LegalFeesAmt>
        <NetInvestmentIncomeAmt>1240</NetInvestmentIncomeAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>1052 E 7TH STREET</CategoryTxt>
        <LegalFeesAmt>643</LegalFeesAmt>
        <NetInvestmentIncomeAmt>643</NetInvestmentIncomeAmt>
      </LegalFeesGrp>
      <LegalFeesGrp>
        <CategoryTxt>1046 E 7TH STREET</CategoryTxt>
        <LegalFeesAmt>432</LegalFeesAmt>
        <NetInvestmentIncomeAmt>432</NetInvestmentIncomeAmt>
      </LegalFeesGrp>
    </LegalFeesSchedule>
    <OtherAssetsSchedule documentId="RetDoc18">
      <OtherAssetsScheduleGrp>
        <Desc>ARTWORK</Desc>
        <BOYBookValueAmt>1493126</BOYBookValueAmt>
        <EOYBookValueAmt>1493126</EOYBookValueAmt>
        <EOYFMVAmt>1493126</EOYFMVAmt>
      </OtherAssetsScheduleGrp>
    </OtherAssetsSchedule>
    <OtherDecreasesSchedule documentId="RetDoc19">
      <OtherDecreasesDetail>
        <Desc>PRIOR PERIOD ADJUSTMENT</Desc>
        <Amt>7701</Amt>
      </OtherDecreasesDetail>
    </OtherDecreasesSchedule>
    <OtherExpensesSchedule documentId="RetDoc20">
      <OtherExpensesScheduleGrp>
        <Desc>PIEAM</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WORKERS COMPENSATION INS</Desc>
        <RevenueAndExpensesPerBooksAmt>91</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>91</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BUSINESS LICENSE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>16</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>16</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>8</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>8</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>251</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>251</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>110</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>110</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EXHIBIT COSTS</Desc>
        <RevenueAndExpensesPerBooksAmt>615</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>615</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISC. PROGRAM EXPENSE</Desc>
        <RevenueAndExpensesPerBooksAmt>319</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>319</AdjustedNetIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>278 ALAMITOS - ARTIST LOFTS</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>19421</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>19421</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS</Desc>
        <RevenueAndExpensesPerBooksAmt>182399</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>182399</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>14339</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>14339</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>900-918 E 4TH ST</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>6476</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6476</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>129</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>129</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>1066 E 7TH STREET</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>6388</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>6388</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS</Desc>
        <RevenueAndExpensesPerBooksAmt>153044</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>153044</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>21884</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>21884</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>1052 E 7TH STREET</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>14627</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>14627</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS</Desc>
        <RevenueAndExpensesPerBooksAmt>17442</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>17442</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>1350</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>1350</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>1046 E 7TH STREET</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>7418</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>7418</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS</Desc>
        <RevenueAndExpensesPerBooksAmt>21199</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>21199</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>14682</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>14682</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>1010 7TH STREET</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>13562</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>13562</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>REPAIRS</Desc>
        <RevenueAndExpensesPerBooksAmt>126515</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>126515</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>UTILITIES</Desc>
        <RevenueAndExpensesPerBooksAmt>13268</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>13268</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EXPENSES</Desc>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>WORKERS COMPENSATION</Desc>
        <RevenueAndExpensesPerBooksAmt>1878</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>1878</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BUSINESS LICENSE FEES</Desc>
        <RevenueAndExpensesPerBooksAmt>307</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>307</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>BANK CHARGES</Desc>
        <RevenueAndExpensesPerBooksAmt>928</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>928</NetInvestmentIncomeAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>TELEPHONE</Desc>
        <RevenueAndExpensesPerBooksAmt>4672</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>4672</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>OFFICE SUPPLIES</Desc>
        <RevenueAndExpensesPerBooksAmt>13113</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>13113</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>INSURANCE</Desc>
        <RevenueAndExpensesPerBooksAmt>16382</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>16382</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>MISCELLANEOUS</Desc>
        <RevenueAndExpensesPerBooksAmt>200</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>200</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>EXHIBIT COSTS</Desc>
        <RevenueAndExpensesPerBooksAmt>10159</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>10159</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>PROGRAM EXPENSES</Desc>
        <RevenueAndExpensesPerBooksAmt>5276</RevenueAndExpensesPerBooksAmt>
        <DisbursementsCharitablePrpsAmt>5276</DisbursementsCharitablePrpsAmt>
      </OtherExpensesScheduleGrp>
      <OtherExpensesScheduleGrp>
        <Desc>ADVERTISING/MARKETING</Desc>
      </OtherExpensesScheduleGrp>
    </OtherExpensesSchedule>
    <OtherIncomeSchedule2 documentId="RetDoc21">
      <OtherIncomeDetail>
        <Desc>OIL RIGHTS</Desc>
        <RevenueAndExpensesPerBooksAmt>3749</RevenueAndExpensesPerBooksAmt>
        <NetInvestmentIncomeAmt>3749</NetInvestmentIncomeAmt>
      </OtherIncomeDetail>
      <OtherIncomeDetail>
        <Desc>PIEAM</Desc>
        <RevenueAndExpensesPerBooksAmt>10427</RevenueAndExpensesPerBooksAmt>
        <AdjustedNetIncomeAmt>10427</AdjustedNetIncomeAmt>
      </OtherIncomeDetail>
    </OtherIncomeSchedule2>
    <OtherLiabilitiesSchedule documentId="RetDoc22">
      <OtherLiabilitiesDetail>
        <Desc>SALES TAX DEPOSIT</Desc>
        <BOYBookValueAmt>316</BOYBookValueAmt>
        <EOYBookValueAmt>68</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>TENANT DEPOSITS</Desc>
        <BOYBookValueAmt>30795</BOYBookValueAmt>
        <EOYBookValueAmt>30795</EOYBookValueAmt>
      </OtherLiabilitiesDetail>
      <OtherLiabilitiesDetail>
        <Desc>OTHER</Desc>
      </OtherLiabilitiesDetail>
    </OtherLiabilitiesSchedule>
    <OtherNotesLoansRcvblLongSch documentId="RetDoc10">
      <OtherNotesLoansRcvblLongGrp>
        <BorrowerNameGrp>
          <PersonNm>MUSEUM OF LATIN AMERICAN ART MOLAA</PersonNm>
        </BorrowerNameGrp>
        <InsiderRelationshipTxt>NONE</InsiderRelationshipTxt>
        <LoanOriginalAmt>1325129</LoanOriginalAmt>
        <NoteDt>2007-12</NoteDt>
        <RepaymentTermsTxt>ON DEMAND</RepaymentTermsTxt>
        <InterestRt>0.0000</InterestRt>
        <SecurityProvidedBorrowerTxt>NONE</SecurityProvidedBorrowerTxt>
        <LoanPurposeTxt>CONSTRUCTION LOAN</LoanPurposeTxt>
        <LenderConsiderationDesc>NONE</LenderConsiderationDesc>
      </OtherNotesLoansRcvblLongGrp>
      <OtherNotesLoansRcvblLongGrp>
        <BorrowerNameGrp>
          <PersonNm>SUNSET FRANCHISE CAPITAL</PersonNm>
        </BorrowerNameGrp>
        <InsiderRelationshipTxt>NONE</InsiderRelationshipTxt>
        <LoanOriginalAmt>550000</LoanOriginalAmt>
        <BalanceDueAmt>550000</BalanceDueAmt>
        <NoteDt>2021-01</NoteDt>
        <RepaymentTermsTxt>ON DEMAND</RepaymentTermsTxt>
        <InterestRt>0.0700</InterestRt>
        <SecurityProvidedBorrowerTxt>NONE</SecurityProvidedBorrowerTxt>
        <LoanPurposeTxt>INVESTMENT</LoanPurposeTxt>
        <LenderConsiderationDesc>NONE</LenderConsiderationDesc>
      </OtherNotesLoansRcvblLongGrp>
      <OtherNotesLoansRcvblLongGrp>
        <BorrowerNameGrp>
          <PersonNm>SUNSET FRANCHISE CAPITAL</PersonNm>
        </BorrowerNameGrp>
        <InsiderRelationshipTxt>NONE</InsiderRelationshipTxt>
        <LoanOriginalAmt>450000</LoanOriginalAmt>
        <BalanceDueAmt>450000</BalanceDueAmt>
        <NoteDt>2023-03</NoteDt>
        <RepaymentTermsTxt>ON DEMAND</RepaymentTermsTxt>
        <InterestRt>0.0700</InterestRt>
        <SecurityProvidedBorrowerTxt>NONE</SecurityProvidedBorrowerTxt>
        <LoanPurposeTxt>INVESTMENT</LoanPurposeTxt>
        <LenderConsiderationDesc>NONE</LenderConsiderationDesc>
      </OtherNotesLoansRcvblLongGrp>
    </OtherNotesLoansRcvblLongSch>
    <OtherProfessionalFeesSchedule documentId="RetDoc23">
      <OtherProfessionalFeesDetail>
        <CategoryTxt>INVESTMENT FEES</CategoryTxt>
        <Amt>14410</Amt>
        <NetInvestmentIncomeAmt>14410</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>278 ALAMITOS - ARTIST LOFTS</CategoryTxt>
        <Amt>46022</Amt>
        <NetInvestmentIncomeAmt>46022</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>900-918 E 4TH ST</CategoryTxt>
        <Amt>2727</Amt>
        <NetInvestmentIncomeAmt>2727</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>1066 E 7TH STREET</CategoryTxt>
        <Amt>19138</Amt>
        <NetInvestmentIncomeAmt>19138</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>1052 E 7TH STREET</CategoryTxt>
        <Amt>7058</Amt>
        <NetInvestmentIncomeAmt>7058</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>1046 E 7TH STREET</CategoryTxt>
        <Amt>8669</Amt>
        <NetInvestmentIncomeAmt>8669</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
      <OtherProfessionalFeesDetail>
        <CategoryTxt>1010 7TH STREET</CategoryTxt>
        <Amt>11257</Amt>
        <NetInvestmentIncomeAmt>11257</NetInvestmentIncomeAmt>
      </OtherProfessionalFeesDetail>
    </OtherProfessionalFeesSchedule>
    <SalesOfInventoryList documentId="RetDoc24">
      <InventorySaleGrp>
        <CategoryTxt>PIEAM GIFT SHOP</CategoryTxt>
        <GrossSalesAmt>645</GrossSalesAmt>
        <CostOfGoodsSoldAmt>239</CostOfGoodsSoldAmt>
        <NetAmt>406</NetAmt>
      </InventorySaleGrp>
    </SalesOfInventoryList>
    <TaxesSchedule documentId="RetDoc25">
      <TaxesDetail>
        <CategoryTxt>PAYROLL TAXES</CategoryTxt>
        <Amt>7804</Amt>
        <DisbursementsCharitablePrpsAmt>7804</DisbursementsCharitablePrpsAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>FEDERAL EXCISE TAX</CategoryTxt>
        <Amt>2500</Amt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>278 ALAMITOS - ARTIST LOFTS</CategoryTxt>
        <Amt>26863</Amt>
        <NetInvestmentIncomeAmt>26863</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>900-918 E 4TH ST</CategoryTxt>
        <Amt>10513</Amt>
        <NetInvestmentIncomeAmt>10513</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>1066 E 7TH STREET</CategoryTxt>
        <Amt>19459</Amt>
        <NetInvestmentIncomeAmt>19459</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>1052 E 7TH STREET</CategoryTxt>
        <Amt>8211</Amt>
        <NetInvestmentIncomeAmt>8211</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>1046 E 7TH STREET</CategoryTxt>
        <Amt>9473</Amt>
        <NetInvestmentIncomeAmt>9473</NetInvestmentIncomeAmt>
      </TaxesDetail>
      <TaxesDetail>
        <CategoryTxt>1010 7TH STREET</CategoryTxt>
        <Amt>14157</Amt>
        <NetInvestmentIncomeAmt>14157</NetInvestmentIncomeAmt>
      </TaxesDetail>
    </TaxesSchedule>
  </ReturnData>
</Return>