Overview
What is Ltsc Community Development Corporation?
The Ltsc Community Development Corporation, also known as LTSC, is a nonprofit organization based in Los Angeles, California. Established with a mission to contribute to the community's physical, social, cultural, and economic revitalization, LTSC focuses on preserving the Japanese American and multi-ethnic culture and history of Little Tokyo. They have renovated four buildings in the Little Tokyo Historic District on First Street and provide services to residents in affordable housing buildings in the downtown Los Angeles area. LTSC aims to be a resource for similar community economic development efforts in other low-income communities, particularly Asian and Pacific Islander communities. Their core activities include developing, providing, and maintaining affordable housing and housing-related services for the benefit of low to moderate income individuals in Little Tokyo and the greater Los Angeles metropolitan area. With a team of 137 employees, LTSC's purpose is to provide a comprehensive array of social welfare and community development activities to assist those in need.
Official website here: www.ltsc.org
Is Ltsc Community Development Corporation legitimate?
Ltsc Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ltsc Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $6,005,457
For more financial information, click here
Official website here: www.ltsc.org
What is the mission statement of Ltsc Community Development Corporation?
The Ltsc Community Development Corporation aims to provide a range of social welfare and community development activities to assist low-income individuals and those in need. Its mission goes beyond Little Tokyo, as it also serves as a resource for similar community economic development efforts in other low-income communities, particularly Asian and Pacific Islander communities. The organization's primary focus is on preserving the Japanese American and multi-ethnic culture and history of Little Tokyo, while contributing to its physical, social, cultural, and economic revitalization. Furthermore, the corporation develops, provides, and maintains affordable housing and housing-related services in the Little Tokyo area and the greater Los Angeles metropolitan area for the benefit of low to moderate income people.
Official website here: www.ltsc.org
Who is the CEO of Ltsc Community Development Corporation?
Erich Nakano is the President of Ltsc Community Development Corporation.
Official website here: www.ltsc.org
What is the revenue of Ltsc Community Development Corporation?
Ltsc Community Development Corporation's revenue in 2022 was $23,573,245.
Official website here: www.ltsc.org
Who are the executives of Ltsc Community Development Corporation and what are their salaries?
The average compensation at Ltsc Community Development Corporation during 2022 was $43,835. There are 137 employees at Ltsc Community Development Corporation.
Here are 31 key members and their salaries:
- Erich Nakano (Executive Director)
- Takao Suzuki (High Compensated Employee)
- Bomee Fain (Cfo)
- Margaret Shimada (High Compensated Employee)
- Ron Fong (High Compensated Employee)
- Dick Kaku (President) [Trustee/Director]
- Miguel Nunez (Vice President) [Trustee/Director]
- Claire Kitayama (Secretary) [Trustee/Director]
- Edwin Takahashi (Treasurer) [Trustee/Director]
- Alan Nishio (Board Of Governors Chair) [Trustee/Director]
- David Mitani (Board Member) [Trustee/Director]
- Kathy Masaoka (Board Member) [Trustee/Director]
- George Tanaka (Board Member) [Trustee/Director]
- David Uyehara (Board Member) [Trustee/Director]
- Akemi Arakaki (Board Member) [Trustee/Director]
- Kelsey Iino (Board Member) [Trustee/Director]
- Keith Terasaki (Board Member) [Trustee/Director]
- Dennis Arguelles (Board Member) [Trustee/Director]
- Mark Usui (Board Member) [Trustee/Director]
- Jessica Chang (Board Member) [Trustee/Director]
- Jeff Schaffer (Board Member) [Trustee/Director]
- Kira Conlon (Board Member) [Trustee/Director]
- Karen Umemoto (Board Member) [Trustee/Director]
- Kirk Sasaki (Board Member) [Trustee/Director]
- Kelly Takasu (Board Member) [Trustee/Director]
- Jeffry Yonemura (Board Member) [Trustee/Director]
- Maria Cabildo (Board Member) [Trustee/Director]
- Seia Watanabe (Member) [Trustee/Director]
- Betty Avila (Member) [Trustee/Director]
- Bibiana Rosalia (Member) [Trustee/Director]
- Chris Aihara (Member) [Trustee/Director]
Official website here: www.ltsc.org
Where can I find the form 990 for Ltsc Community Development Corporation?
The Ltsc Community Development Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Official website here: www.ltsc.org
Learn more at the official website: www.ltsc.org
Mission Statement of Ltsc Community Development Corporation
Ltsc Community Development Corporation, a nonprofit organization, strives to provide a comprehensive range of social welfare and community development activities to assist low-income individuals and those in need. The mission of Ltsc goes beyond just preserving the Japanese American and multi-ethnic culture and history of Little Tokyo. It aims to contribute to the physical, social, cultural, and economic revitalization of the community.
In the heart of this endeavor, Ltsc serves as a valuable resource for similar community economic development efforts in other low-income communities, with a particular focus on Asian and Pacific Islander communities. Moreover, the organization is dedicated to developing, providing, and maintaining affordable housing and housing-related services in the Little Tokyo area and the greater Los Angeles metropolitan area for the benefit of low to moderate income people.
By planning, promoting, and supporting community development activities, Ltsc Community Development Corporation plays a vital role in enhancing the overall well-being of the community it serves. Its commitment extends beyond the cultural and historical preservation of Little Tokyo; it also addresses the essential need for affordable housing and essential services to ensure that residents can thrive in their community.
Impact
This information is meant to be a general summary of Ltsc Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
Ltsc Community Development Corporation's impact can be seen through its comprehensive array of social welfare and community development activities aimed at assisting low-income individuals and others in need. The organization has played a significant role in promoting community economic development by developing, providing, and maintaining affordable housing in the Little Tokyo community. Additionally, Ltsc has worked diligently to preserve the unique cultural legacy and life of Little Tokyo by acquiring and renovating historic buildings in the area.
Furthermore, Ltsc has provided essential services to residents of its affordable housing buildings in downtown Los Angeles, contributing to the overall well-being and stability of the community. The organization's mission to plan, promote, and support community development activities that preserve Japanese American and multi-ethnic culture in Little Tokyo highlights its commitment to cultural revitalization. Through their efforts, Ltsc serves as a valuable resource for similar community economic development endeavors in low-income communities, particularly within Asian and Pacific Islander communities.
Overall, Ltsc Community Development Corporation's impact is significant in fostering physical, social, cultural, and economic revitalization in Little Tokyo and the greater Los Angeles metropolitan area. Their dedication to developing, providing, and maintaining affordable housing and housing-related services for low to moderate-income individuals further demonstrates their commitment to improving the quality of life for those in need.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
REAL ESTATE INCOME
Revenue
$1,257,084
SERVICE FEE
Revenue
$1,169,897
DEVELOPER FEES
Revenue
$609,720
ASSET & PROPERTY MANAGEMENT
Revenue
$280,618
PARTNERSHIP FEES
Revenue
$236,870
Organization Details
Founding Year
1993
Phone
(213) 473-3030
Principal Officer
Erich Nakano
Main Address
231 E THIRD STREET G106, LOS ANGELES, CA, 90013
Website
www.ltsc.org
NTEE Category
Code: L20Z - Housing
If you are a representative of Ltsc Community Development Corporation and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.