Nikkei Community Project Inc
- Assets
- $0.0
- Revenue
- $129.0
- Investments
- $0.0
- Employees
- 0
- Location
- Portland, OR
- Founding
- 10/1983
- Data as of
- 07/2020
- EIN
- 93-0834496
Organization Overview
Nikkei Community Project Inc is located in Portland, OR. The organization was established in 1983. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. Nikkei Community Project Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 07/2020, Nikkei Community Project Inc generated $129.0 in total revenue. This represents a relatively dramatic decline in revenue. Over the past 5 years, the organization has seen revenues fall by an average of (47.1%) each year. All expenses for the organization totaled $882.6k during the year ending 07/2020. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO OVERSEE THE MANAGEMENT AND OPERATION OF THE IKOI SO TERRACE APARTMENTS WHICH ARE TO BE MAINTAINED FOR LOW INCOME SENIORS AND THE DISABLED. THE LOW INCOME APARTMENT PROJECT WAS SOLD ON JULY 11, 2014. THE ORGANIZATION FILED ARTICLES OF DISSOLUTION ON DECEMBER 17, 2019 AND FINISHED DISBURSING ALL REMAINING FUNDS IN 2020.
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO OVERSEE THE MANAGEMENT AND OPERATION OF THE IKOI SO TERRACE APARTMENTS WHICH ARE TO BE MAINTAINED FOR LOW INCOME SENIORS AND THE DISABLED. THE LOW INCOME APARTMENT PROJECT WAS SOLD ON JULY 11, 2014. THE ORGANIZATION FILED ARTICLES OF DISSOLUTION ON DECEMBER 17, 2019 AND IS IN THE PROCESS OF DISBURSING ALL REMAINING FUNDS.
TO OVERSEE THE MANAGEMENT AND OPERATION OF THE IKOI SO TERRACE APARTMENTS WHICH ARE TO BE MAINTAINED FOR LOW INCOME SENIORS AND THE DISABLED. THE LOW INCOME APARTMENT PROJECT WAS SOLD ON JULY 11, 2014. THE ORGANIZATION FILED ARTICLES OF DISSOLUTION ON DECEMBER 17, 2019 AND FINISHED DISBURSING ALL REMAINING FUNDS IN 2020. SEE SCHEDULE I.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Connie Masuoka President | OfficerTrustee | 3 | $0 |
Sharon Takahashi Secretary | OfficerTrustee | 3 | $0 |
Valerie Katagiri Treasurer | OfficerTrustee | 3 | $0 |
Kay Endo Board Memeber | Trustee | 2 | $0 |
Albert Abe Board Memeber | Trustee | 2 | $0 |
Henry Ueno Board Memeber | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $0 |
| Investment income | $129 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $129 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $881,260 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $1,275 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $0 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $1,816 |
| All other expenses | $20 |
| Total functional expenses | $882,555 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $0 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $0 |
Grants Awarded
Over the last fiscal year, Nikkei Community Project Inc has awarded $881,260 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
Portland, OR PURPOSE: GRANT TO QUALIFIED CHARITABLE ORGANIZATION IN DISTRIBUTION OF ALL ASSETS DUE TO DISSOLUTION. | $790,271 |
Portland, OR PURPOSE: GRANT TO QUALIFIED CHARITABLE ORGANIZATION IN DISTRIBUTION OF ALL ASSETS DUE TO DISSOLUTION. | $90,989 |
Endowment Analysis
| Beg. Balance | $882,426 |
| Earnings | $129 |
| Admin Expense | $1,295 |
| Grants | $881,260 |
| Ending Balance | $882,426 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Front Porch Communities Operating Group Llc Glendale, CA | $0 | $63,438,130 |
Marys Woods At Marylhurst Inc Lake Oswego, OR | $331,910,754 | $44,154,309 |
Mira Bella Seattle, WA | $187,904,464 | $31,331,607 |
Humangood Fresno Duarte, CA | $99,958,177 | $30,814,211 |
Mirabella At South Waterfront Portland, OR | $173,639,306 | $25,337,918 |
Humangood Nevada Duarte, CA | $70,139,943 | $27,024,940 |
Dallas Mennonite Retirement Community Inc Dallas, OR | $84,334,175 | $25,845,409 |
Humangood Idaho Duarte, CA | $92,297,372 | $17,990,575 |
Lutheran Retirement Home Of Greater Seattle Inc Seattle, WA | $84,207,346 | $21,992,663 |
Asian Pacific Health Care Venture Inc Los Angeles, CA | $31,429,576 | $29,795,515 |
Hollenbeck Palms Los Angeles, CA | $91,601,425 | $22,351,666 |
Foss Home & Villiage Seattle, WA | $15,479,734 | $20,550,514 |