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
83 cents of each dollar spent went to programs.
Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.
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Who runs it and what they're paid
27 people listed on the 990; $579K 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.
Questions for Ltsc Community Development Corporation
Your first name shows with your question. Ltsc Community Development Corporation answers here, for everyone.
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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 historical preservation of the little tokyo neighborhood in los angeles; providing wireless internet services and access to technology; administering…
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…
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 five year-olds.
Funders
Who pays for it.
From grant filings on record. Receipts are incomplete: individual donors are never listed.
Grants
By the numbers
The FY2020 990, line by line.
Download 990
| Line | Start FY20 | End FY20 |
|---|---|---|
| Cash and savingsLn 1–2 | $6.0M | $6.6M |
| InvestmentsLn 11–13 | $4.6M | $4.7M |
| Land, buildings, equipmentLn 10c | $3.9M | $3.9M |
| Total assetsLn 16 | $37.3M | $41.1M |
| LiabilitiesLn 26 | $13.0M | $9.3M |
| Net assetsLn 32 | $24.3M | $31.8M |
| Line | Total | Programs | Management | Fundraising |
|---|---|---|---|---|
| Other salaries and wagesLn 7 | $5.5M | $4.2M | $794K | $500K |
| Other employee benefitsLn 9 | $1.0M | $730K | $264K | $46K |
| Payroll taxesLn 10 | $461K | $360K | $62K | $39K |
| Management feesLn 11a | $110K | $97K | $10K | $3K |
| Legal feesLn 11b | $20K | $17K | $3K | |
| Accounting feesLn 11c | $35K | $27K | $4K | $3K |
| Other fees for servicesLn 11g | $133K | $103K | $15K | $16K |
| Advertising and promotionLn 12 | $15K | $10K | $4K | |
| Office expensesLn 13 | $108K | $76K | $18K | $15K |
| OccupancyLn 16 | $770K | $710K | $60K | |
| TravelLn 17 | $21K | $15K | $5K | $875 |
| Conferences, conventions and meetingsLn 19 | $35K | $29K | $5K | $608 |
| InterestLn 20 | $390K | $381K | $9K | |
| Depreciation, depletion and amortizationLn 22 | $56K | $47K | $9K | |
| InsuranceLn 23 | $57K | $33K | $22K | $2K |
| Other expenses (24a–d)Ln 24 | $3.5M | $3.4M | $80K | $33K |
| Total functional expensesLn 25 | $12.2M | $10.2M | $1.3M | $722K |
Filing history
| Year | Money in | Money out | In minus out | Net assets | Download |
|---|---|---|---|---|---|
| FY2024 Latest | $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 Viewing | $19.0M | $12.2M | $6.8M | $31.8M | 990 PDF |
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Schedules filed Part IV
See the full FY2020 990 (6 parts)
Part I · Summary $19,015,665 revenue, 12 lines filed
Part VI · Governance 21 of 21 board members independent, no flags
Part VIII · Statement of revenue $19,015,665 across 8 lines filed
Part IX · Statement of functional expenses $12,199,691 across 16 lines filed
Part X · Balance sheet $41,097,170 assets, 18 lines filed
Part XI · Reconciliation of net assets $31,776,313 net assets at year end
Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File
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