Ltsc Community Development Corporation
Also known as Ltsc Cdclittle Tokyo Service Ctr
Ltsc Community Development Corporation reported $27.5 million in revenue and $18.9 million in expenses for calendar year 2024. Of every $100 it spent, $87.29 went to program services, $9.52 to management and general costs and $3.19 to fundraising. Its largest source of revenue was contributions and grants: 69.4% of the total. Government grants made up 26.4%. The highest compensation it reported for one person was $172,127 (EXECUTIVE DIRECTOR). 5 people received more than $100,000 in reportable compensation. Revenue rose 78% between 2019 and 2024. Source: Form 990, 2024.
Where $100 of spending went
Calendar year 2024 · Form 990, Part IX, line 25 · total expenses $19MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
Calendar year 2024 · Form 990, Part VIII · total revenue $28MThe 990 scorecard · same measures for every charity, no grades
| Measure | 2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 87.3% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 9.5% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.2% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.03 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 69.4% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 26.4% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 30.0% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $172,127 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.91% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 5 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 37.5 | 10.0 |
| Independent voting board members Part VI 1a–1b | 26 of 26 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
2024 · Form 990, Part III · the three largest programs by expensePromoted 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 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. The homeless services program is focused on providing direct services to unhoused people in little tokyo and the surrounding neighborhoods through outreach and engagement, case management, service referral…
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…
Highest reported compensation
2024 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DIRECTOR Officer, 40.00 hrs/week | $172,127 | $0 | $0 | $172,127 |
| HIGH COMPENSATED EMPLOYEE Highest compensated employee, 40.00 hrs/week | $163,110 | $0 | $0 | $163,110 |
| HIGH COMPENSATED EMPLOYEE Highest compensated employee, 40.00 hrs/week | $132,977 | $0 | $0 | $132,977 |
| HIGH COMPENSATED EMPLOYEE Highest compensated employee, 40.00 hrs/week | $132,927 | $0 | $0 | $132,927 |
| CFO Officer, 40.00 hrs/week | $131,686 | $0 | $0 | $131,686 |
5 people received more than $100,000 in reportable compensation from Ltsc Community Development Corporation (Part VII, line 2).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
2024 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b26 · 26 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 5145
Largest outside contractors
2024 · Form 990, Part VII, Section B · businesses only| BENCHMARK CONTRACTORS INC Construction | $33,536,148 |
| MID CONSTRUCTION GROUP Construction | $3,347,574 |
| DETULA CONSTRUCTION Construction | $336,421 |
| KOURY ENGINEERING & TESTING INC Testing & inspections | $305,025 |
| FSY ARCHITECTS Construction | $183,825 |
Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.
Private foundation grants it received
15 private foundations reported grants to Ltsc Community Development Corporation totaling $761K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Ltsc Community Development Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Ltsc Community Development Corporation, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Ltsc Community Development Corporation spent in 2024, $87.29 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Satellite Affordable Housing AssociatesBerkeley, CA · revenue $27M · programs 72.7% · FY2025
- Hollenbeck PalmsLos Angeles, CA · revenue $28M · programs 81.0% · FY2025
- Rdoor Housing CorporationIndianapolis, IN · revenue $27M · programs 100.0% · 2024
- DreamKey PartnersCharlotte, NC · revenue $28M · programs 82.6% · 2024
- 1260 Housing Development CorporationPhiladelphia, PA · revenue $27M · programs 87.2% · FY2025
All housing & shelter charities · Largest charities in California
Questions people ask
How much of Ltsc Community Development Corporation's spending goes to programs?
In calendar year 2024, Ltsc Community Development Corporation reported that 87.3% of its $18.9 million in expenses went to program services, 9.5% to management and general and 3.2% to fundraising (Form 990, Part IX).
How much does Ltsc Community Development Corporation pay its top executive?
The largest total compensation Ltsc Community Development Corporation reported for one person in calendar year 2024 was $172,127, for the role of EXECUTIVE DIRECTOR (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Ltsc Community Development Corporation get its money?
Of $27.5 million in revenue in calendar year 2024, 69.4% came from contributions and grants (including 26.4% from government grants) and 30.0% from program service revenue (Form 990, Part VIII).
Is Ltsc Community Development Corporation a registered charity?
The IRS lists EIN 95-4444102 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- 2024: Form 990 for calendar year 2024, object 202503159349301510 · read the filing · XML
- 2023: Form 990 for calendar year 2023, object 202402629349300045 · read the filing
- 2022: Form 990 for calendar year 2022, object 202301869349301215 · read the filing
- 2021: Form 990 for calendar year 2021, object 202222369349301027 · read the filing
- 2020: Form 990 for calendar year 2020, object 202102389349301020 · read the filing
- 2019: Form 990 for calendar year 2019, object 202012379349300921 · read the filing
All filings for EIN 95-4444102: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.