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Nonprofiteer
← FSN QALICB

Form 990 for tax year 2024

Filed by FSN QALICB.

Totals

Total revenue
$292,692
Total expenses
$65,718
Contributions and grants received
$292,692
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$29,604,112
Total liabilities, end of year
$29,377,138
Net assets or fund balances, end of year
$226,974
Program services expenses (Part IX)
$65,718
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$65,718

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.

  • 1f · All other contributions, gifts and grants

    $292,692

  • 1g · Noncash contributions included above

    $292,692

Functional expenses

Part IX, the statement of functional expenses.

  • 20 · Interest

    total $47,695 · program services $47,695

  • 22 · Depreciation, depletion and amortization

    total $18,023 · program services $18,023

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    end of year $17,517,447

  • 14 · Intangible assets

    end of year $594,759

  • 15 · Other assets

    beginning of year $0 · end of year $11,491,906

  • 17 · Accounts payable and accrued expenses

    end of year $2,432,138

  • 23 · Secured mortgages and notes payable

    end of year $26,945,000

  • 27 · Net assets without donor restrictions

    end of year $226,974

Mission and programs · 2024

Mission

TO PLAN, PROMOTE AND SUPPORT COMMUNITY DEVELOPMENT PROJECTS WHICH PRESERVE THE JAPANESE-AMERICAN AND MULTI-ETHNIC CULTURE AND HISTORY IN THE LITTLE TOKYO AREA AND IN THE GREATER LOS ANGELES METROPOLITAN AREA FOR THE BENEFIT OF LOW AND MODERATE INCOME RESIDENTS, WORKERS AND OTHER DISADVANTAGED SECTORS OF THE LITTLE TOKYO COMMUNITY AND TO SERVE AS A PLANNING AND DEVELOPMENT RESOURCE FOR OTHER ETHNIC MINORITY COMMUNITY ORGANIZATIONS.

Activities or mission (Part I)

FSN QALICB, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION, WAS FORMED AS A SUPPORTING ORGANIZATION TO SUPPORT LTSC COMMUNITY DEVELOPMENT CORPORATION, A CALIFORNIA NONPROFIT PUBLIC BENEFIT CORPORATION ("LTSC"). LTSC IS A 501(C)(3) NONPROFIT ORGANIZATION WITH THE PURPOSE OF PROMOTING AND SUPPORTING COMMUNITY DEVELOPMENT PROJECTS WHICH PRESERVE THE JAPANESE AMERICAN AND MULTI-ETHNIC CULTURE AND HISTORY IN THE LITTLE TOKYO AREA AND LOS ANGELES METROPOLITAN AREA.

  • TO PLAN, PROMOTE AND SUPPORT COMMUNITY DEVELOPMENT PROJECTS WHICH PRESERVE THE JAPANESE-AMERICAN AND MULTI-ETHNIC CULTURE AND HISTORY IN THE LITTLE TOKYO AREA AND IN THE GREATER LOS ANGELES METROPOLITAN AREA FOR THE BENEFIT OF LOW AND MODERATE INCOME RESIDENTS, WORKERS AND OTHER DISADVANTAGED SECTORS OF THE LITTLE TOKYO COMMUNITY AND TO SERVE AS A PLANNING AND DEVELOPMENT RESOURCE FOR OTHER ETHNIC MINORITY COMMUNITY ORGANIZATIONS.

    Expenses $65,718 · Revenue $292,692

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • ERICH NAKANO

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.15

  • DEBBIE CHEN

    TREASURER

    Total calculated
    $0
    Hours/week
    0.15

  • TAKAO SUZUKI

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.15

  • MITCHELL MAKI

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

  • JEFFREY MALONEY

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.15

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.

Provenance

Return type
form_990
Tax year
2024
Filed
13 October 2025
IRS schema version
2024v5.2
Source object
202502949349300110

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