Is it real?
Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Jan 1994.
IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File
Where the money goes
87 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
Who runs it and what they're paid
31 people listed on the 990; $733K paid to officers and key staff.
Erich Nakano’s $172K as Executive Director is at the 30th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
Compensation history total reportable pay by year · 8 named individuals · Part VII
| Name | FY2024 | FY2023 | FY2022 | FY2021 | FY2020 |
|---|---|---|---|---|---|
| Erich Nakano | $172,127 | $162,186 | $152,790 | $141,224 | $137,697 |
| Takao Suzuki | $163,110 | $150,840 | $134,269 | $129,232 | $125,144 |
| Debbie Chen | $132,977 | $145,856 | — | — | — |
| Tadao Peter Gee | $132,927 | — | — | — | — |
| Bomee Fain | $131,686 | $118,504 | $117,200 | $109,200 | — |
| Margaret Shimada | — | $127,057 | $116,666 | $111,740 | $103,188 |
| Ron Fong | — | — | $112,446 | $104,117 | $102,075 |
| Ichiro M Murase | — | — | — | — | $111,025 |
Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.
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Questions the 990 asks
The form asks each of these directly. These are the filed answers.
- Family or business ties among officersPt VI · Ln 2No
- Top official's pay set by an independent reviewPt VI · Ln 15aYes
Programs and updates
Provides affordable housing, social services, and community development programs to support low-income residents and preserve the cultural heritage of the Little Tokyo neighborhood.
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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…
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 four of the 15 buildings in the little tokyo historic district on first street; provided services to residents of the…
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.
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Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2024 990, line by line.
Download 990
| Line | Start FY24 | End FY24 |
|---|---|---|
| Cash and savingsLn 1–2 | $14.3M | $20.0M |
| InvestmentsLn 11–13 | $16.7M | $15.2M |
| Land, buildings, equipmentLn 10c | $16.3M | $16.6M |
| Total assetsLn 16 | $126.6M | $187.9M |
| LiabilitiesLn 26 | $78.3M | $128.7M |
| Net assetsLn 32 | $48.4M | $59.3M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $7.6M | $6.0M | $1.2M | $374K |
| Other employee benefitsLn 9 | $1.3M | $1.0M | $259K | $60K |
| Payroll taxesLn 10 | $636K | $511K | $96K | $29K |
| Management feesLn 11a | $78K | $72K | $6K | |
| Accounting feesLn 11c | $35K | $30K | $3K | $2K |
| Other fees for servicesLn 11g | $287K | $209K | $77K | |
| Advertising and promotionLn 12 | $25K | $23K | $2K | |
| Office expensesLn 13 | $365K | $259K | $43K | $63K |
| OccupancyLn 16 | $1.5M | $1.5M | $64K | |
| TravelLn 17 | $102K | $86K | $15K | $791 |
| Conferences, conventions and meetingsLn 19 | $270K | $255K | $15K | |
| InterestLn 20 | $960K | $960K | ||
| Depreciation, depletion and amortizationLn 22 | $115K | $113K | $2K | |
| InsuranceLn 23 | $185K | $263K | −$85K | $7K |
| Other expenses (24a–d)Ln 24 | $5.4M | $5.3M | $130K | $2K |
| Total functional expensesLn 25 | $18.9M | $16.5M | $1.8M | $604K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest Viewing | $27.5M | $18.9M | $8.6M | $59.3M | 990 PDF |
| FY2023 | $22.3M | $16.0M | $6.3M | $48.4M | 990 PDF |
| FY2022 | $23.6M | $13.9M | $9.7M | $40.6M | 990 PDF |
| FY2021 | $15.5M | $12.4M | $3.1M | $35.5M | 990 PDF |
| FY2020 | $19.0M | $12.2M | $6.8M | $31.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2024 990 (4 parts)
Part VIII · Statement of revenue $27,521,241 across 8 lines filed
Part IX · Statement of functional expenses $18,939,588 across 15 lines filed
Part X · Balance sheet $187,942,341 assets, 18 lines filed
Part XI · Reconciliation of net assets $59,258,738 net assets at year end
Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File
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