Totals
- Total revenue
- $297,000
- Total expenses
- $1,368,403
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $297,000
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $28,597,344
- Total liabilities, end of year
- $30,482,000
- Net assets or fund balances, end of year
- -$1,884,656
- Program services expenses (Part IX)
- $1,368,261
- Management and general expenses
- $142
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,368,261
Program services were 100.0% 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 INCOME
total $297,000 · related or exempt $297,000
Functional expenses
Part IX, the statement of functional expenses.
-
11c · Fees: accounting
total $1,330 · program services $1,330
-
11g · Fees: other
total $90,639 · program services $90,639
-
20 · Interest
total $367,956 · program services $367,956
-
22 · Depreciation, depletion and amortization
total $908,236 · program services $908,236
-
24a · Other expenses: ADMINISTRATIVE
total $142 · management and general $142
-
24b · Other expenses: OTHER EXPENSES
total $100 · program services $100
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $707,879 · end of year $544,713
-
10a · Land, buildings and equipment: cost or other basis
$30,064,497
-
10b · Land, buildings and equipment: accumulated depreciation
$2,979,864
-
10c · Land, buildings and equipment, net
beginning of year $27,956,789 · end of year $27,084,633
-
14 · Intangible assets
beginning of year $1,002,365 · end of year $967,998
-
17 · Accounts payable and accrued expenses
beginning of year $0 · end of year $0
-
23 · Secured mortgages and notes payable
beginning of year $30,482,000 · end of year $30,482,000
-
27 · Net assets without donor restrictions
beginning of year -$814,967 · end of year -$1,884,656
Mission and programs · 2023
Mission
TO PROVIDE A FACILITY IN DOWNTOWN LOS ANGELES FOR YOUTH, FAMILIES AND SENIORS THAT OFFERS SPORTS, COMMUNITY ACTIVITIES AND OPPORTUNITIES TO CONNECT VISITORS TO JAPANESE AMERICAN CULTURE AND TO A VIBRANT, SUSTAINABLE LITTLE TOKYO.
-
BUDOKAN, INC IS A MULTIPURPOSE COMMUNITY FACILITY.
Expenses $1,368,261 · Revenue $297,000
As filed on the 2023 return.
Listed in Part VII
-
Bill WatanabeBILL WATANABE
CHAIR OF THE BOARD
- Total calculated
- $0
- Hours/week
- 1
-
Silvia YoshimizuSILVIA YOSHIMIZU
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Alan KosakaALAN KOSAKA
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Keith TerasakiKEITH TERASAKI
DIRECTOR
- Total calculated
- $0
- Hours/week
- 1
-
Erich NakanoERICH NAKANO
SECRETARY
- 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
No itemized grants to organizations on this return.
Related organizations on this return
Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.
-
LTSC COMMUNITY DEVELOPMENT CORPORATION
501(C)(3) · SOCIAL WELFARE AND COMMUNITY DEVELOPMENT ACTIVITIES · CA
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 August 2024
- IRS schema version
- 2023v5.1
- Source object
- 202432439349300038
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