Ltsc Community Development Corporation
- Assets
- $126.6m
- Revenue
- $22.3m
- Investments
- $7.9m
- Employees
- 126
- Location
- Los Angeles, CA
- Founding
- 01/1994
- Data as of
- 12/2023
- EIN
- 95-4444102
Organization Overview
Ltsc Community Development Corporation, operating under the name Ltsc Cdclittle Tokyo Service Ctr, is located in Los Angeles, CA. The organization was established in 1994. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2023, Ltsc Cdclittle Tokyo Service Ctr employed 126 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Ltsc Cdclittle Tokyo Service Ctr 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 12/2023, Ltsc Cdclittle Tokyo Service Ctr generated $22.3m in total revenue. This organization has experienced exceptional growth, as over the past 9 years, it has increased revenue by an average of 10.4% each year . All expenses for the organization totaled $16.0m during the year ending 12/2023. While expenses have increased by 7.1% per year over the past 9 years. They've been increasing with an increasing level of total revenue. 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
2023
Describe the Organization's Mission:
Part 3 - Line 1
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.
Describe the Organization's Program Activity:
Part 3 - Line 4a
PROMOTED COMMUNITY ECONOMIC DEVELOPMENT THROUGH DEVELOPING, PROVIDING, AND MAINTAINING AFFORDABLE HOUSING; WORKED TO PRESERVE THE UNIQUE CULTURAL LEGACY AND LIFE OF THE LITTLE TOKYO COMMUNITY BY ACQUIRING AND RENOVATING BUILDINGS IN THE LITTLE TOKYO HISTORIC DISTRICT ON FIRST STREET; PROVIDED SERVICES TO RESIDENTS OF THE ORGANIZATION'S AFFORDABLE HOUSING BUILDINGS IN THE IMMEDIATE DOWNTOWN LOS ANGELES AREA.
PROVIDED MULTILINGUAL SOCIAL SERVICES; ORIGINALLY FOUNDED TO SERVE MONOLINGUAL JAPANESE LIVING IN LITTLE TOKYO, THE ORGANIZATION CONTINUED TO SERVE THIS POPULATION AND HAS EXPANDED TO SERVE THE JAPANESE AMERICAN POPULATION THROUGHOUT SOUTHERN CALIFORNIA, AS WELL AS OTHER ASIAN IMMIGRANT POPULATIONS IN LOS ANGELES. SERVICES HAVE EXPANDED TO CHILDREN, YOUTH, YOUNG ADULT AND ADULT POPULATIONS.
WORKED WITH LITTLE TOKYO RESIDENTS AND STAKEHOLDERS TO IMPROVE THE COMMUNITY AND REPRESENT THEIR VOICES IN THE ONGOING DEVELOPMENT OF THE NEIGHBORHOOD; DEVELOPED AND MANAGED A MULTI-PURPOSE SPORTS AND ACTIVITIES CENTER TO PROVIDE A FACILITY WHERE YOUTH AND FAMILIES CAN CONGREGATE AND ENGAGE IN MEANINGFUL ACTIVITIES THAT EMPHASIZE SPORTSMANSHIP, TEAMWORK, DIVERSITY AND HEALTHY-LIVING; SERVED AS THE FISCAL SPONSOR FOR A NUMBER OF PROGRAMS, OFFERING TECHNICAL ASSISTANCE, AS WELL AS MANAGEMENT AND ADMINISTRATIVE SUPPORT TO HELP THE PROGRAMS FULFILL THEIR RESPECTIVE GOALS AND MISSIONS.ADMINISTERED SUBSIDIZED, HIGH QUALITY CHILD CARE FOR PRIMARILY LOW-INCOME FAMILIES WITH CHILDREN AGES SIX WEEKS TO FIVE YEARS OLD. THE FAMILY CHILD CARE PROGRAM INVOLVES HOME-BASED PROVIDERS WHO SERVICE NEWBORNS AND TODDLERS, AND ANGELINA PRESCHOOL SERVICES THREE TO FIVEYEAR-OLDS. THE PROGRAMS ARE DEVELOPMENTAL, CHILD-ORIENTED, SERVICE PROGRAM COSTS OF OTHER, NON-CHILDCARE, RELATED PROGRAMS, PARENT-FRIENDLY AND STAFFED BY SKILLED PROFESSIONALS.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Dick Kaku Board Member | Trustee | 1.5 | $0 |
Miguel Nunez Vice President | OfficerTrustee | 0.8 | $0 |
Claire Kitayama President | Trustee | 1.5 | $0 |
Edwin Takahashi Board Member | Trustee | 0.8 | $0 |
Kathy Masaoka Board Member | Trustee | 0.8 | $0 |
George Tanaka Board Member | Trustee | 0.8 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Benchmark Contractors Inc Construction | 12/30/23 | $6,795,109 |
Carde Ten Architects Architcect Fees | 12/30/23 | $550,000 |
Fsy Architects Construction | 12/30/23 | $518,764 |
Mid Construction Group Consulting | 12/30/23 | $300,209 |
Steel Protections Inc Security | 12/30/23 | $225,010 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $32,802 |
| Related organizations | $0 |
| Government grants | $6,994,542 |
| All other contributions, gifts, grants, and similar amounts not included above | $8,988,223 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $16,015,567 |
| Total Program Service Revenue | $5,929,923 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $413,357 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $22,256,319 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $6,819,301 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,235,802 |
| Payroll taxes | $569,776 |
| Fees for services: Management | $246,633 |
| Fees for services: Legal | $19,721 |
| Fees for services: Accounting | $44,841 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $125,401 |
| Advertising and promotion | $18,145 |
| Office expenses | $329,338 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,345,235 |
| Travel | $62,605 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $216,340 |
| Interest | $635,754 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $101,289 |
| Insurance | $108,245 |
| All other expenses | $0 |
| Total functional expenses | $15,986,199 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $13,394,249 |
| Savings and temporary cash investments | $918,757 |
| Pledges and grants receivable | $1,304,314 |
| Accounts receivable, net | $932,459 |
| 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 | $1,896,540 |
| Net Land, buildings, and equipment | $16,310,733 |
| Investments—publicly traded securities | $8,873,185 |
| Investments—other securities | $7,865,910 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $75,139,732 |
| Total assets | $126,635,879 |
| Accounts payable and accrued expenses | $18,215,303 |
| Grants payable | $0 |
| Deferred revenue | $24,373 |
| 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 | $44,098,166 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $15,931,687 |
| Total liabilities | $78,269,529 |
| Net assets without donor restrictions | $41,148,037 |
| Net assets with donor restrictions | $7,218,313 |
| 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 | $126,635,879 |