Ltsc Community Development Corporation
Donations deductibleRevenue
$27.5m
year to 31 December 2024
Expenses
$18.9m
year to 31 December 2024
Total assets
$187.9m
$128.7m liabilities
Net assets
$59.3m
assets less liabilities
Directors and trustees
26
5.7y av
Staff
145
employees, year to 31 December 2024
Left since last filing
4
15% of the board
Officers and senior staff
9
named in Part VII
Ltsc Community Development Corporation's network
26 people27 organisationsi26 people and 27 organisations on this map.The large node is the subject of this page. Solid lines are what the register itself records (26). Violet dotted lines (29) are likely: the same full name sits on the current board of another organisation in the same register and region. Form 990 filings give names without a person identifier; SEC insider filings carry a CIK. It may be a different person.The board
26 listediTime on the board is observed from the annual filings: the IRS files no appointment date, so the bar counts years from the first filing the person appears on - a lower bound, not a filed start date. Names are exactly as filed. The IRS publishes no person identifier, so this edition does not yet link a person across organisations in the tables. The network map shows same-name matches as likely links only, never as confirmed.Tenure and departures are observed across annual filings. Observed tenure is a lower bound - a member may have joined before the first year on record. The organisation reported 26 voting members of its governing body on its latest Form 990 Part VI, which matches the board listed here.| Name | Role as filed | Since | On the board |
|---|---|---|---|
| Betty Avila | Board Member | 2022 | 4 yrs |
| Bibiana Rosalia | Board Member | 2022 | 4 yrs |
| Chris Aihara | Board Member | 2022 | 4 yrs |
| Claire Kitayama | President | 2018 | 8 yrs |
| DAE Joong Yoon | Board Member | 2023 | 3 yrs |
| David Howden | Board Member | 2024 | 2 yrs |
| Dennis Arguelles | Board Member | 2018 | 8 yrs |
| Dick Kaku | Board Member | 2018 | 8 yrs |
| Edwin Takahashi | Board Member | 2018 | 8 yrs |
| Helen OTA | Board Member | 2024 | 2 yrs |
| Jeff Schaffer | Board Member | 2018 | 8 yrs |
| Jeffry Yonemura | Treasurer | 2021 | 5 yrs |
| Jessica Chang | Company secretary | 2018 | 8 yrs |
| Karen Umemoto | Board Member | 2019 | 7 yrs |
| Kathy Masaoka | Board Member | 2018 | 8 yrs |
| Keith Terasaki | Board Member | 2018 | 8 yrs |
| Kelly Takasu | Board Member | 2019 | 7 yrs |
| Kelsey Iino | Board Member | 2018 | 8 yrs |
| Kevin Oyama | Board Member | 2024 | 2 yrs |
| Kira Conlon | Board Member | 2020 | 6 yrs |
| Maria Ahverdyan | Board Member | 2024 | 2 yrs |
| Mary Ann Takemoto | Board Member | 2023 | 3 yrs |
| Miguel Nunez | Vice President | 2018 | 8 yrs |
| Noelle ITO | Board Member | 2023 | 3 yrs |
| Perla Eston | Board Member | 2023 | 3 yrs |
| Sid Kato | Board Member | 2023 | 3 yrs |
Officers and senior leadership
9 listediNamed in Part VII as officers, key employees or highest-compensated staff - not board members, shown for completeness.| Name | Title as filed | On the filings |
|---|---|---|
| Bomee Fain | CFO | since 2018 |
| Dean Matsubayashi | Former Executive Director | since 2018 |
| Debbie Chen | High Compensated Employee | since 2023 |
| Erich Nakano | Executive Director | since 2018 |
| Ichiro M Murase | Officer | since 2019 |
| Margaret Shimada | High Compensated Employee | since 2020 |
| Ron Fong | High Compensated Employee | since 2020 |
| Tadao Peter GEE | High Compensated Employee | 2024 |
| Takao Suzuki | High Compensated Employee | since 2019 |
Pay and hours
year to 31 December 2024iFrom Part VII of the Form 990: compensation reported for each officer, director, trustee, key employee and highest-paid staff member, and the average hours a week they report. Most board members are unpaid; a blank means nothing was reported. Pay from related organisations is shown separately.| Name | Title as filed | Hours a week | Pay from the organisation | Related organisations | Other |
|---|---|---|---|---|---|
| Erich Nakano | Executive Director | 40 | $172k | ||
| Takao Suzuki | High Compensated Employee | 40 | $163k | ||
| Debbie Chen | High Compensated Employee | 40 | $133k | ||
| Tadao Peter Gee | High Compensated Employee | 40 | $133k | ||
| Bomee Fain | CFO | 40 | $132k | ||
| Claire Kitayama | President | 1.5 | $0 | ||
| Miguel Nunez | Vice President | 0.8 | $0 | ||
| Jeffry Yonemura | Treasurer | 0.8 | $0 | ||
| Jessica Chang | Secretary | 0.8 | $0 | ||
| Dick Kaku | Board Member | 1.5 | $0 | ||
| Edwin Takahashi | Board Member | 0.8 | $0 | ||
| Kathy Masaoka | Board Member | 0.8 | $0 | ||
| Kelsey Iino | Board Member | 0.8 | $0 | ||
| Keith Terasaki | Board Member | 0.8 | $0 | ||
| Dennis Arguelles | Board Member | 0.8 | $0 | ||
| Jeff Schaffer | Board Member | 0.8 | $0 | ||
| Kira Conlon | Board Member | 0.8 | $0 | ||
| Karen Umemoto | Board Member | 0.8 | $0 | ||
| Kelly Takasu | Board Member | 0.8 | $0 | ||
| Betty Avila | Board Member | 0.8 | $0 | ||
| Bibiana Rosalia | Board Member | 0.8 | $0 | ||
| Chris Aihara | Board Member | 0.8 | $0 | ||
| Dae Joong Yoon | Board Member | 0.8 | $0 | ||
| Mary Ann Takemoto | Board Member | 0.8 | $0 | ||
| Noelle Ito | Board Member | 0.8 | $0 | ||
| Perla Eston | Board Member | 0.8 | $0 | ||
| Sid Kato | Board Member | 0.8 | $0 | ||
| Maria Ahverdyan | Board Member | 0.8 | $0 | ||
| David Howden | Board Member | 0.8 | $0 | ||
| Kevin Oyama | Board Member | 0.8 | $0 | ||
| Helen Ota | Board Member | 0.8 | $0 |
About
- Legal name
- LTSC Community Development Corporation
- EIN
- 954444102
- Address
- 231 E 3rd St Ste G106, Los Angeles, CA, 90013-1493
- State
- California
- Mission
- The purpose of the organization is to plan, promote and support community development activities which preserve the japanese american and multi-ethnic culture and history of little tokyo and contribute to its physical, social, cultural and economic revitalization; to serve as a resource for similar community economic development efforts in other low-income communities, particularly asian and... (as filed on the Form 990)
- Activity (NTEE)
- L20Z Housing and shelter
- IRS classification
- 501(c)03 (tax-exempt under section 501(c)(3) where shown)
- Classified purpose
- Housing & Shelter
- Size band
- 9 (IRS master file code)
- Formed
- 1993
- Principal officer
- Bomee Kim Fain (as named on the Form 990)
- IRS ruling date
- 1 January 1994
- Status
- Code 01 (unconditional exemption)
- Form 990 filings on record
- 7, latest 2024
- IRS Publication 78
- PC (contributions deductible)
Most connected
Related organisations (Schedule R)
Longest observed on the filings
≥8years on the filingsClaire Kitayama
≥8years on the filingsDennis Arguelles
≥8years on the filingsDick Kaku
≥8years on the filingsEdwin Takahashi
Latest return
year to 31 December 2024iFigures from the newest Form 990 or 990-EZ in the IRS e-file releases of 2025 and 2026, for the year ending 31 December 2024. US dollars, as filed.- Total assets
- $187.9m
- Total liabilities
- $128.7m
- Net assets or fund balances
- $59.3m
- Contributions and grants received
- $19.1m
- Program service revenue
- $8.2m
- Employees
- 145
Filed finances
1 yeariTotals as filed on the IRS Form 990 (revenue and expenses), by tax year.| Tax year | Total revenue | Total expenses | Surplus or deficit |
|---|---|---|---|
| 2024 | $27.5m | $18.9m | $8.6m |
As filed on the IRS Form 990. US dollars.