2012-03-12T18:09:28-05:00 2011-06-30 VASQUEZ & COMPANY LLP 801 SOUTH GRAND AVE SUITE 400 LOS ANGELES CA 90017 990 2010-07-01 954444102 LTSC COMMUNITY DEVELOPMENT CORPORATION LTSC 2134733030 231 E THIRD STREET NO G106 LOS ANGELES CA 90013 SCARLET SY 2134733030 2012-03-12 GILBERT R VASQUEZ 2138731700 2010 2016-02-24 21:20:13Z SCARLET SY 231 EAST THIRD ST G106 LOS ANGELES CA 90013 11098829 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. 28 27 183 0 0 0 6543722 7125491 2746110 3940398 14042 4819 204170 28121 9508044 11098829 0 0 0 0 5701847 5134257 0 0 397907 3065236 2813660 8767083 7947917 740961 3150912 35530655 23665591 29710832 13889251 5819823 9776340 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 2245868 1391772 4487285 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. 2349602 2217957 2346683 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. 967238 589546 751870 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. 1428650 3512991 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. 1428650 3512991 6991358 1 1 0 0 0 0 0 0 0 1 0 1 1 1 0 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 0 1 53 0 1 183 1 0 0 0 0 0 0 0 0 0 0 X 28 27 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 0 0 0 SANDRA YAMANE 0.80 X 0 0 0 DAVID MITANI 1.50 X 0 0 0 RIKA HOUSTON 0.80 X 0 0 0 EDWIN TAKAHASHI 1.50 X 0 0 0 AMY UTSUNOMIYA 1.50 X 0 0 0 FRED HOSHIYAMA 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 MIDORI KAMEI 0.80 X 0 0 0 KINUYO MORI 0.80 X 0 0 0 DANA HEATHERTON 0.80 X 0 0 0 TIM MANAKA JR 0.80 X 0 0 0 KATHY MASAOKA 0.80 X 0 0 0 TRISHA MURAKAWA 0.80 X 0 0 0 JEAN NISHIMOTO 0.80 X 0 0 0 ALBERT MURATSUCHI 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 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 RAFAEL GONZALES 0.80 X 0 0 0 KATHY MALASKE-SAMU 0.80 X 0 0 0 RIGOBERTO RODRIGUEZ 0.80 X 0 0 0 JOHNG HO SONG 0.80 X 0 0 0 ROBBIN NARIKE-PRECIADO 0.80 X 0 0 0 WENDY WANG 0.80 X 0 0 0 DAVID YOO 0.80 X 0 0 0 BILL WATANABE 40.00 X X X 108586 0 0 ERICH NAKANO 40.00 X X 68734 0 0 SCARLET SY 40.00 X 55447 0 0 232767 0 0 1 0 0 0 0 428109 3247532 3449850 30 7125491 DEVELOPER FEES 531390 1935905 1935905 SERVICE FEE 531110 906264 906264 REAL ESTATE INCOME 531110 637632 637632 PROPERTY MANAGEMENT FE 531310 352298 352298 PARTNERSHIP FEES 900099 108299 108299 3940398 1714 1714 3105 3105 0 428109 0 0 MISCELLANEOUS 531310 54234 54234 OPERATING LOSS FROM IN 900099 -26113 -26113 28121 11098829 3968519 0 4819 232767 232767 4253728 3771408 310026 172294 278789 147835 118179 12775 368973 331651 24361 12961 45649 33796 10932 921 3685 615 1336 1734 330209 304903 8947 16359 75301 71577 3274 450 32820 32820 62188 17918 44270 41377 38740 1728 909 CHILDCARE PROVIDERS 334702 334702 SUBCONTRACTORS 314958 314958 CHILDCARE SUBCONTRACT W 224501 224501 SUPPLIES 213096 205477 3181 4438 LICENSE, PERMITS AND FE 142596 131982 8847 1767 992578 795708 23571 173299 7947917 6991358 558652 397907 1079187 1974343 101272 159859 809628 873947 263663 130709 574000 574000 60146 70965 10388843 494992 24250129 9893851 963299 883917 1919564 1822717 5509767 7281283 35530655 23665591 1328656 978821 341474 300000 27347953 11906823 692749 703607 29710832 13889251 X 5682374 9368361 137449 407979 5819823 9776340 35530655 23665591 X 3150912 805605 X 0 1 1 X 1 1 X 6036461 7362411 6717009 6543722 7125491 33785094 1602376 1359362 1746869 2746110 3940398 11395115 7638837 8721773 8463878 9289832 11065889 45180209 0 0 0 45180209 49603 54576 29064 14042 4819 152104 49603 54576 29064 14042 4819 152104 88658 45331 146653 204170 28121 512933 7777098 8821680 8639595 9508044 11098829 45845246 0.98550 0.97470 0.00330 0.00650 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 9245485 9245485 683339 163530 519809 182166 143145 39021 277853 188317 89536 0 9893851 INVESTMENT IN AFFILIATES 1822717 F 1822717 DUE FROM AFFILIATES 3799180 CONSTRUCTION IN PROGRESS 3482103 7281283 CHILDCARE RESERVE LIABILITY 10005 TENANT SECURITY DEPOSITS 31843 CASH HELD IN TRUST 194055 ACCRUED PAYROLL, TAXES AND BENEFITS 467704 703607 11098829 7947917 3150912 876340 -70735 805605 3956517 11570723 72169 2700486 2772655 8798068 2300761 2300761 11098829 11837414 72169 3817328 3889497 7947917 0 7947917 PART XI, LINE 8 - OTHER ADJUSTMENTS: TAX/BOOK DIFFERENCE ON OPERATING GAIN FROM INVESTMENT IN AFFILIATES -70,735. PART XII, LINE 2D - OTHER ADJUSTMENTS: REAL ESTATE INCOME FROM SUBSIDIARIES 2,771,221. TAX/BOOK DIFFERENCE-OPERATING LOSS FROM INVESTMENT IN AFFILIATES -70,735. PART XII, LINE 4B - OTHER ADJUSTMENTS: TAX/BOOK DIFFERENCE-OPERATING GAIN FROM INVESTMENT IN AFFILIATES -96,848. PROPERTY MANAGEMENT INCOME 208,103. DEVELOPER FEES 1,935,908. PARTNERSHIP FEES 64,792. SERVICE/MEMBERSHIP FEES 123,818. OTHER REVENUE 64,988. PART XIII, LINE 2D - OTHER ADJUSTMENTS: EXPENSES FROM SUBSIDIARIES 3,817,328. X X X X X X X 0 CA BENEFIT DINNER 191478 4150 187328 760 34528 16385 STARNIGHT CONCERT 162792 165 162627 1500 31441 9509 43125 13130 1 64750 64750 963 1750 11581 419020 4315 414705 1500 963 33951 44037 43125 41096 164672 250033 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 2008. 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. ALL OTHER FUNCTIONAL EXPENSES FORM 990, PART X, LINE 24F PHD APARTMENT OPERATING COSTS: PROGRAM SERVICE EXPENSES 132,987. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 132,987. EVENT SERVICE AND ENTERTAINMENT FEE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 102,315. TOTAL EXPENSES 102,315. CONSULTING: PROGRAM SERVICE EXPENSES 88,544. MANAGEMENT AND GENERAL EXPENSES 1,325. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 89,869. MARROW DRIVES AND PATIENT SUPPORT: PROGRAM SERVICE EXPENSES 81,353. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 81,353. OUTSIDE SERVICES: PROGRAM SERVICE EXPENSES 32,463. MANAGEMENT AND GENERAL EXPENSES 2,201. FUNDRAISING EXPENSES 43,662. TOTAL EXPENSES 78,326. BAD DEBTS: PROGRAM SERVICE EXPENSES 56,708. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 56,708. COMMUNITY SUPPORT: PROGRAM SERVICE EXPENSES 50,565. MANAGEMENT AND GENERAL EXPENSES 2,967. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 53,532. PRINTING: PROGRAM SERVICE EXPENSES 27,111. MANAGEMENT AND GENERAL EXPENSES 2,375. FUNDRAISING EXPENSES 17,981. TOTAL EXPENSES 47,467. MEETINGS AND TRAINING: PROGRAM SERVICE EXPENSES 40,048. MANAGEMENT AND GENERAL EXPENSES 2,612. FUNDRAISING EXPENSES 752. TOTAL EXPENSES 43,412. KOSUMOSU APARTMENTS OPERATING COSTS: PROGRAM SERVICE EXPENSES 37,767. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,767. NH/KIWA APARTMENTS OPERATING COSTS: PROGRAM SERVICE EXPENSES 37,628. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 37,628. TELEPHONE: PROGRAM SERVICE EXPENSES 32,334. MANAGEMENT AND GENERAL EXPENSES 1,082. FUNDRAISING EXPENSES 489. TOTAL EXPENSES 33,905. POSTAGE: PROGRAM SERVICE EXPENSES 27,168. MANAGEMENT AND GENERAL EXPENSES 667. FUNDRAISING EXPENSES 2,382. TOTAL EXPENSES 30,217. MENLO APARTMENTS OPERATING COSTS: PROGRAM SERVICE EXPENSES 29,430. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 29,430. CHILDCARE CENTER FACILITY OPERATION: PROGRAM SERVICE EXPENSES 27,825. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 27,825. EQUIPMENT EXPENSE: PROGRAM SERVICE EXPENSES 20,473. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,473. YOUTH ACTIVITIES: PROGRAM SERVICE EXPENSES 20,278. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 20,278. EMERGENCY ASSISTANCE: PROGRAM SERVICE EXPENSES 16,893. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 16,893. EQUIPMENT RENTAL: PROGRAM SERVICE EXPENSES 10,835. MANAGEMENT AND GENERAL EXPENSES 698. FUNDRAISING EXPENSES 4,930. TOTAL EXPENSES 16,463. DUES AND SUBSCRIPTIONS: PROGRAM SERVICE EXPENSES 6,549. MANAGEMENT AND GENERAL EXPENSES 5,864. FUNDRAISING EXPENSES 599. TOTAL EXPENSES 13,012. INTERNSHIP STIPENDS: PROGRAM SERVICE EXPENSES 9,259. MANAGEMENT AND GENERAL EXPENSES 1,067. FUNDRAISING EXPENSES 189. TOTAL EXPENSES 10,515. FACILITY OPERATIONS: PROGRAM SERVICE EXPENSES 5,366. MANAGEMENT AND GENERAL EXPENSES 137. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 5,503. IN-KIND EXPENSE: PROGRAM SERVICE EXPENSES 0. MANAGEMENT AND GENERAL EXPENSES 2,576. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,576. AUTOMOBILE: PROGRAM SERVICE EXPENSES 2,395. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 2,395. PROGRAM ACTIVITIES: PROGRAM SERVICE EXPENSES 1,729. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 1,729. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: PRIOR PERIOD ADJUSTMENTS: 876,340. TAX/BOOK DIFFERENCE ON OPERATING GAIN FROM INVESTMENT IN AFFILIATES -70,735. TOTAL TO FORM 990, PART XI, LINE 5: 805,605. 2449 HYPERION LLC 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 954707126 RENTAL REAL ESTATE CA RELATED 49408 606248 0 0 SAN PEDRO FIRM BUILDING LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 954246947 RENTAL REAL ESTATE CA RELATED -2793 1078605 0 10 1 LPE LIMITED PARTNERSHIP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 954442491 RENTAL REAL ESTATE CA RELATED -6592 4670839 0 13 1 OLD UNION CHURCH GENRAL PARTNERSHIP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 954589987 RENTAL REAL ESTATE CA RELATED -65528 1379576 0 218 1 FAR EAST BUILDING LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 954888608 RENTAL REAL ESTATE CA RELATED -11 21739 0 1 CESAR CHAVEZ GARDENS LP 767 NORTH HILL STREET SUITE 400 LOS ANGELES CA 90012 954791411 RENTAL REAL ESTATE CA RELATED -11 73855 0 1 ANGELINA ASSOCIATES LP 535 WEST COLORADO STREET SUITE 300 GLENDALE CA 91204 954501565 RENTAL REAL ESTATE CA RELATED -314 349703 0 2 1 LDK SENIOR APARTMENTS LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 264789705 RENTAL REAL ESTATE CA RELATED 1265165 0 1 36TH AND BROADWAY LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 263582955 RENTAL REAL ESTATE CA RELATED -43 31701 0 0 PHD APARTMENTS LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 271619379 RENTAL REAL ESTATE CA RELATED -23 6639 0 0 EPWORTH APARTMENTS LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 272474492 RENTAL REAL ESTATE CA RELATED 2110 0 1 MENLO FAMILY HOUSING LP 231 EAST 3RD ST SUITE G106 LOS ANGELES CA 90013 274673989 RENTAL REAL ESTATE CA RELATED 454 0 1 0 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 1 0