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← LITTLE TOKYO TOWERS INC

Form 990 for tax year 2023

Filed by LITTLE TOKYO TOWERS INC.

Totals

Total revenue
$1,282,944
Total expenses
$275,109
Contributions and grants received
$0
Grants paid
$150,000
Program service revenue
$262,635
Investment income
$1,020,309
Other revenue
$0
Total assets, end of year
$44,003,144
Total liabilities, end of year
$9,477
Net assets or fund balances, end of year
$43,993,667
Program services expenses (Part IX)
$150,251
Management and general expenses
$124,858
Fundraising expenses
$0
Program service expenses (Part III)
$150,251

Program services were 54.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: LEASE PAYMENT INCOME

    total $250,000 · related or exempt $250,000

  • 2b · Program service revenue: INCOME ON EQUITY INVES

    total $12,635 · related or exempt $12,635

  • 3 · Investment income

    total $1,020,309 · related or exempt $1,020,309

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $150,000 · program services $150,000

  • 11g · Fees: other

    total $2,000 · management and general $2,000

  • 24a · Other expenses: INVESTMENT FEES

    total $105,476 · management and general $105,476

  • 24b · Other expenses: OTHER EXPENSES

    total $17,382 · management and general $17,382

  • 24c · Other expenses: OPERATING AND MAINTENAN

    total $251 · program services $251

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,795,211 · end of year $48,184

  • 2 · Savings and temporary cash investments

    beginning of year $35,796,983 · end of year $41,454,207

  • 4 · Accounts receivable

    beginning of year $0 · end of year $1,618

  • 7 · Other notes and loans receivable

    beginning of year $2,500,000 · end of year $2,500,000

  • 13 · Investments: program-related

    end of year -$865

  • 17 · Accounts payable and accrued expenses

    beginning of year $14,226 · end of year $9,477

  • 29 · Capital stock, trust principal or current funds

    beginning of year $0 · end of year $0

  • 30 · Paid-in or capital surplus, or land, building or equipment fund

    beginning of year $0 · end of year $0

  • 31 · Retained earnings, endowment or other funds

    beginning of year $0 · end of year $0

Mission and programs · 2023

Mission

SEE SCHEDULE O

Activities or mission (Part I)

TO PROVIDE HOUSING FOR LOWER INCOME FAMILIES AND FAMILIES IN NEED, INCLUDING BUT NOT LIMITED TO SENIOR CITZENS AND HANDICAPPED MEMBERS OF THE COMMUNITY. ALSO, TO PROVIDE RESIDENTS OF THE HOUSING COMMUNITY THE SERVICES NECESSARY TO OBTAINING AN OVERALL HEALTHY QUALITY OG LIFE.

  • THE ORGANIZATION IS A NONPROFIT THAT OWNED AN APARTMENT COMPLEX RENTING TO LOW INCOME, HANDICAPPED OR ELDERLY PERSONS. THE OPERATIONS ARE REGULATED AND CONTROLLED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. IT NOW OWNS THE APARTMENT COMPLEX THROUGH A GP OWNERSHIP INTEREST.

    Expenses $150,251 · Revenue $1,282,944

As filed on the 2023 return.

Listed in Part VII

  • KENT KAWAI

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    1

  • ROGER ISHIHARA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    3

  • REV SHUMYO KOJIMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • NANCY TAKAYAMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • ROBERT M KAWAHARA

    PRESIDENT

    Total calculated
    $0
    Hours/week
    8

  • REV RICHARD KUYAMA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    5

  • REV BILL BRIONES

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • BRIAN YAMASAKI

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • KAZUO ODA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • LISA ARAKAKI

    TREASURER

    Total calculated
    $0
    Hours/week
    3

  • REV MASAAKI ABE SHIRAIWA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • MARIKO ROOKS

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

  • RYAN IWASAKA

    DIRECTOR

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • LITTLE TOKYO TOWERS MGP LLC

    RELATED · AFFORDABLE HOUSING · CA · 54% owned · share of income $13,065 · general or managing partner

    Directly controlled by LITTLE TOKYO TOWERS INC

Provenance

Return type
form_990
Tax year
2023
Filed
8 November 2024
IRS schema version
2023v5.1
Source object
202423139349302327

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