2014-03-17T20:12:30-05:00 2013-06-30 330700332 VASQUEZ & COMPANY LLP 801 SOUTH GRAND AVE SUITE 400 LOS ANGELES CA 90017 990 2012-07-01 954444102 LTSC COMMUNITY DEVELOPMENT CORPORATION LTSC 2134733030 231 E THIRD STREET NO G106 LOS ANGELES CA 90013 SCARLET SY 2134733030 2014-03-12 GILBERT R VASQUEZ P00743144 2138731700 2012 2016-03-07 17:11:31Z SCARLET SY 231 EAST THIRD ST G106 LOS ANGELES CA 90013 9440079 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. 23 23 167 0 0 0 8737782 6326230 -39121 2807534 18996 30023 300112 158334 9017769 9322121 0 0 0 0 5622707 5546604 0 0 511178 2836635 3670946 8459342 9217550 558427 104571 19620770 15369183 9307443 4929426 10313327 10439757 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 3182488 1449198 3683487 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 HITORICAL PRESERVATION OF THE LITTLE TOKYO NEIGHBORHOOD IN LOS ANGELES; PROVIDING WIRELESS INTERNET SERVICES AND ACCESS TO TECHNOLOGY ; ADMINSTERING A MULTI-LINGUAL SMALL BUSINESS ASSISTANCE PROGRAM IN PARTNERSHIP WITH FOUR OTHER COMMUNITY AGENCIES. 1922276 1649597 1823801 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. 2807627 1560668 2514052 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. PLANNED, PROMOTED, AND SUPPORTED 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. PROVIDED INFORMATION AND REFERRAL, OUTREACH, ADVOCACY, COUNSELING, EMERGENCY CARE, AND ESCORT SERVICES FOR THE JAPANESE AMERICAN, ASIAN PACIFIC ISLANDER (API), AND LOCAL COMMUNITIES. PROVIDED EMERGENCY FOOD, CLOTHING AND SERVICES TO CLIENTS IN THE LOCAL COMMUNITY. PROVIDED OUTREACH TO THE API COMMUNITIES TO INCREASE AWARENESS AND TO DIVERSIFY THE DONOR REGISTRY OF THE NATIONAL MARROW DONOR PROGRAM (NMDP), THEREBY IMPROVING ACCESS TO MARROW TRANSPLANTATION FOR CANCER PATIENTS. ALSO PROVIDED PATIENT SUPPORT AND SUPPORT OF PATIENT FAMILIES. IMPROVED THE QUALITY OF LIFE FOR API OLDER ADULTS IN LOS ANGELES COUNTY BY BREAKING DOWN BARRIERS WHICH PREVENT THEM FROM ACCESSING NEEDED PROGRAMS AND SERVICES. 7912391 1 1 0 0 0 0 0 0 0 0 1 0 1 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 1 0 0 0 0 1 0 0 0 1 53 0 1 167 1 0 0 0 0 0 0 0 0 0 0 X 23 23 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 CA X X SCARLET SY 2134733030 231 EAST THIRD ST G106 LOS ANGELES CA 90013 ALAN NISHIO 2.50 X X 0 0 0 SANDRA YAMANE 0.80 X 0 0 0 DAVID MITANI 1.50 X X 0 0 0 SHASHI HANUMAN 0.80 X 0 0 0 EDWIN TAKAHASHI 1.50 X X 0 0 0 KATHY MASAOKA 1.50 X X 0 0 0 DAVID YOO 0.80 X 0 0 0 JOSH ISHIMATSU 0.80 X 0 0 0 MIYAKO IWAI 0.80 X 0 0 0 DENNIS KOBATA 0.80 X 0 0 0 LLOYD KAJIKAWA 0.80 X 0 0 0 DICK KAKU 0.80 X 0 0 0 VIVIENNE LEE 0.80 X 0 0 0 GEORGE TANAKA 0.80 X 0 0 0 TRISHA MURAKAWA 0.80 X 0 0 0 JEAN NISHIMOTO 0.80 X 0 0 0 DEBRA NAKATOMI 0.80 X 0 0 0 DAVID UYEHARA 0.80 X 0 0 0 DEAN TOJI 0.80 X 0 0 0 JOHNG HO SONG 0.80 X 0 0 0 JERI OKAMOTO-FLOYD 0.80 X 0 0 0 LINDA YAMAUCHI 0.80 X 0 0 0 AKEMI ARAKAKI 0.80 X 0 0 0 DEAN MATSUBAYASHI 40.00 X 87673 0 0 ERICH NAKANO 40.00 X 82055 0 0 SCARLET SY 40.00 X 74835 0 0 DEAN MATSUBAYASHI 40.00 X 0 0 0 ERICH NAKANO 40.00 X 0 0 0 SCARLET SY 40.00 X 0 0 0 244563 0 0 0 0 0 0 LTD CONSTRUCTION SERVICES GP 18907 BARBER ROAD LAKE ANN MI 49650 CONSTRUCTION SERVICE 200000 1 19909 3574056 2732265 40758 6326230 SERVICE FEE 531110 998324 998324 DEVELOPER FEES 531390 994649 994649 ASSET & PROPERTY MANAG 531310 518231 518231 REAL ESTATE INCOME 531110 202911 202911 PARTNERSHIP FEES 900099 93419 93419 2807534 30023 30023 272734 19909 117958 154776 154776 MISCELLANEOUS 531310 19132 19132 GAIN ON DISPOSAL OF AS 900099 2082 2082 REALIZED LOSS ON INVES 900099 -1446 -1446 -16210 -16210 3558 9322121 2811092 0 184799 244563 244563 4670670 3970107 452805 247758 229383 17922 186027 25434 401988 346491 36380 19117 6870 6870 72446 64235 3477 4734 431400 406551 3650 21199 12693 7266 761 4666 350116 310230 39886 71437 68585 1029 1823 28391 28391 74710 39152 35238 320 62636 56228 4427 1981 COMMUNITY SUPPORT 1355262 1338955 16307 CHILDCARE PROVIDERS 240509 240509 SUPPLIES 196630 178063 9343 9224 CHILDCARE SUBCONTRACT W 175000 175000 592846 413273 44537 135036 9217550 7912391 793981 511178 2030180 3483062 163504 162354 1283181 946758 63656 162037 562151 562151 61398 21413 2822373 620921 5996730 2201452 1088016 938581 1840168 1811580 6531786 5079795 19620770 15369183 841380 975707 300000 257530 7671567 3163655 494496 532534 9307443 4929426 X 9124921 9413494 1188406 970263 56000 10313327 10439757 19620770 15369183 X 104571 34237 -12378 X 0 1 X 1 1 1 X 6717009 6543722 7125491 8952433 6481006 35819661 1746869 2746110 3940398 -39121 2807534 11201790 8463878 9289832 11065889 8913312 9288540 47021451 0 0 0 47021451 29064 14042 4819 18996 30023 96944 29064 14042 4819 18996 30023 96944 146653 204170 28121 85461 36014 500419 8639595 9508044 11098829 9017769 9354577 47618814 0.98750 0.98660 0.00200 0.00260 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1556485 1556485 688564 198573 489991 182166 159081 23085 395158 263267 131891 0 2201452 INVESTMENT IN AFFILIATES 1811580 F 1811580 DUE FROM AFFILIATES 4075897 CONSTRUCTION IN PROGRESS 833847 OTHER ASSETS 170051 5079795 CHILDCARE RESERVE LIABILITY 10030 TENANT SECURITY DEPOSITS 1623 ACCRUED PAYROLL, TAXES AND BENEFITS 520881 532534 X 12522382 34237 50616 3859964 3944817 8577565 744556 744556 9322121 15519310 50616 6251144 6301760 9217550 0 9217550 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE CORPORATION QUALIFIES AS A TAX EXEMPT ORGANIZATION UNDER THE INTERNAL REVENUE CODE SECTION 501(C)(3) AND CALIFORNIA REVENUE AND TAXATION CODE 23701D. THE CORPORATION HAS EVALUATED ITS TAX POSITIONS AND THE CERTAINTY AS TO WHETHER THOSE POSITIONS WILL BE SUSTAINED IN THE EVENT OF AN AUDIT BY TAXING AUTHORITIES AT THE FEDERAL AND STATE LEVELS. THE PRIMARY TAX POSITIONS EVALUATED RELATE TO THE CORPORATION'S CONTINUED QUALIFICATION AS A TAX-EXEMPT ORGANIZATION AND WHETHER THERE ARE UNRELATED BUSINESS INCOME ACTIVITIES THAT WOULD BE TAXABLE. MANAGEMENT HAS DETERMINED THAT ALL INCOME TAX POSITIONS WILL MORE LIKELY THAN NOT (>50%) BE SUSTAINED UPON POTENTIAL AUDIT OR EXAMINATION; THEREFORE, NO DISCLOSURE OF UNCERTAIN INCOME TAX POSITIONS ARE REQUIRED. THE CORPORATION FILES INFORMATION RETURNS IN THE US FEDERAL JURISDICTION AND THE STATE OF CALIFORNIA. WITH FEW EXCEPTIONS, THE CORPORATION IS NO LONGER SUBJECT TO U.S. FEDERAL AND STATE EXAMINATIONS BY TAX AUTHORITIES FOR YEARS BEFORE 2008. PART XI, LINE 2D - OTHER ADJUSTMENTS: TAX/BOOK DIFFERENCE-OPERATING LOSS FROM INVESTMENT IN AFFILIATES -12,378. REAL ESTATE INCOME FROM SUBSIDIARIES 3,872,342. PART XI, LINE 4B - OTHER ADJUSTMENTS: OPERATING LOSS FROM INVESTMENTS IN AFFILIATES -28,588. DEVELOPER FEES 302,654. PARTNERSHIP FEES 92,919. SERVICE/MEMBERSHIP FEES 110,922. ASSET & PROPERTY MANAGEMENT INCOME 266,649. PART XII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SUBSIDIARIES 6,251,144. X X X X X X X 0 CA SAKE 162550 11909 150641 1108 12326 7148 1130 31720 STARNIGHT CONCERT 130093 8000 122093 265 14535 20007 16000 13719 1 292643 19909 272734 1373 26861 27155 17130 45439 117958 154776 X SUPPLIES; TICKET; GIFT CARD 40758 FMV 0 0 0 FORM 990, PART VI, SECTION B, LINE 11 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 APPROVAL 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 ALL DIRECTORS TO ANNUALLY SIGN A STATEMENT AFFIRMING (A) RECEIPT OF LTSC COMMUNITY DEVELOPEMENT 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 2013. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 9: TAX/BOOK DIFFERENCE ON OPERATING GAIN FROM INVESTMENT IN AFFILIATES -12,378. 2449 HYPERION LLC 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 954707126 RENTAL REAL ESTATE CA RELATED 45858 669016 0 0 0.50000 SAN PEDRO FIRM BUILDING LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 954246947 RENTAL REAL ESTATE CA RELATED -3115 1272438 0 4 1 0.01000 LPE LIMITED PARTNERSHIP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 954442491 RENTAL REAL ESTATE CA RELATED -3862 15999720 0 8 1 0.01000 OLD UNION CHURCH GENRAL PARTNERSHIP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 954589987 RENTAL REAL ESTATE CA RELATED -54210 1284469 0 60 1 0.50000 FAR EAST BUILDING LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 954888608 RENTAL REAL ESTATE CA RELATED -7 21720 0 1 0.00010 MENLO FAMILY HOUSING LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 274673989 RENTAL REAL ESTATE CA RELATED -3 927 0 1 0.00050 ANGELINA ASSOCIATES LP 535 WEST COLORADO STREET SUITE 300 GLENDALE CA 91204 954501565 RENTAL REAL ESTATE CA RELATED -281 335669 0 1 1 0.00050 LDK SENIOR APARTMENTS LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 264789705 RENTAL REAL ESTATE CA RELATED 1293527 0 1 0.51000 36TH AND BROADWAY LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 263582955 RENTAL REAL ESTATE CA RELATED -225 292842 0 1 0.00050 PHD APARTMENTS LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 271619379 RENTAL REAL ESTATE CA RELATED -349 313117 0 1 0.00050 EPWORTH APARTMENTS LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 272474492 RENTAL REAL ESTATE CA RELATED -16 145089 0 1 0.00000 PWC FAMILY HOUSING LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 454241499 RENTAL REAL ESTATE CA RELATED 4387063 0 1 0.00010 SEQUOIA APARTMENTS LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 461277126 RENTAL REAL ESTATE CA RELATED 0 1 0.00500 NEW HAMPSHIRE FAMILY HOUSING LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 RENTAL REAL ESTATE CA RELATED 0 1 0.00600 0 0 0 1 0 0 1 0 1 0 1 1 0 0 0 0 1 0 0 LDK SENIOR APARTMENTS LP D 52573 ACTUAL PWC FAMILY HOUSING D 1227850 ACTUAL NEW HAMPSHIRE FAMILY HOUSING G 3750000 ACTUAL NEW HAMPSHIRE FAMILY HOUSING I 3750000 ACTUAL FAR EAST BUILDING LP K 15640 ACTUAL NEW HAMPSHIRE FAMILY HOUSING L 674250 ACTUAL SEQUOIA APARTMENTS LP L 320399 ACTUAL AFFILIATES L 470489 ACTUAL AFFILIATES Q 387224 ACTUAL