2024-12-12T08:02:44-06:00 2024-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-07-01 300311847 PALM VILLAGE SENIOR HOUSING CORP PALM 2134733020 231 E 3RD ST NO G106 LOS ANGELES CA 90013 ERICH NAKANO PRESIDENT 2134733020 2024-12-06 1 0 ROBERT J DOYLE JR P02365765 3178485700 2023 2024-10-15 13:58:12Z ERICH NAKANO 231 E 3RD ST NO G106 LOS ANGELES CA 90013 849420 0 X N/A X 2005 CA TO PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS. 7 7 0 0 0 0 257181 595631 228438 251331 327 694 5291 1764 491237 849420 0 0 0 0 135312 137166 0 0 0 739055 876383 874367 1013549 -383130 -164129 7622593 7388832 13361970 13292338 -5739377 -5903506 TO PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS. 0 0 800992 251331 TO PROVIDE HOUSING FOR LOW-INCOME ELDERLY PERSONS. 800992 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 1 0 0 0 0 0 1 1 0 0 1 1 0 0 0 0 0 0 0 CA X X BOMEE FAIN 2134733030 231 EAST THIRD STREET G106 LOS ANGELES CA 90013 X ERICH MINORU NAKANO PRESIDENT 0.30 X X 0 0 0 WATTANA KIATPIRIYA SECRETARY 0.30 X X 0 0 0 SAM PENNSON TREASURER 0.30 X X 0 0 0 JENNIFER ING-ARAM BOARD MEMBER 0.30 X 0 0 0 AKEMI ARAKAKI BOARD MEMBER 0.30 X 0 0 0 WORA RAPP BOARD MEMBER 0.30 X 0 0 0 KELLY TAKASU BOARD MEMBER 0.30 X 0 0 0 DAE JOON YOON BOARD MEMBER 0.30 X 0 0 0 0 0 0 0 0 0 0 0 370300 225331 595631 RENTAL INCOME 531110 251331 251331 251331 694 694 LAUNDRY & VENDING 531110 1599 1599 TENANT CHARGES 531110 165 165 1764 849420 251331 0 2458 112944 58632 54312 16228 16228 7994 7994 58064 58064 38745 38745 46637 46637 8452 8452 259341 259341 139320 139320 252793 252793 TENANT SERVICES 66684 66684 MISCELLANEOUS ADMIN 6347 6347 1013549 800992 212557 0 7278 24659 57858 146627 2038 2038 11121023 4219927 7133667 6901096 399117 291131 22635 23281 7622593 7388832 89802 105741 24646 24440 10931916 10706585 2315606 2455572 13361970 13292338 X -5739377 -5903506 -5739377 -5903506 7622593 7388832 -164129 0 X X 0 1 X 1 1 1 X 181882 199464 219273 257181 595631 1453431 221833 226606 219550 228438 251331 1147758 403715 426070 438823 485619 846962 2601189 0 0 0 2601189 791 226 88 327 694 2126 791 226 88 327 694 2126 3374 3568 3060 5291 1764 17057 407880 429864 441971 491237 849420 2620372 0.99270 0.99080 0.00080 0.00110 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF LAUNDRY AND VENDING CHARGES, OTHER TENANT CHARGES, AND OTHER MISCELLANEOUS ITEMS PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1164448 1164448 9826859 4112908 5713951 109503 106762 2741 20213 257 19956 6901096 INTEREST ON LOANS/NOTES 2433469 SECURITY DEPOSITS 22103 2455572 X 849420 0 849420 0 849420 1013549 0 1013549 0 1013549 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX, AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE RETURNS ARE SUBJECT TO EXAMINATION FOR THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. FORM 990, PART VI, SECTION A, LINE 3 THE APARTMENT PROJECT IS ASSET MANAGED BY A RELATED ENTITY, LTSC COMMUNITY DEVELOPMENT CORPORATION, AND PROPERTY MANAGED BY TELACU PROPERTY MANAGEMENT, INC. THE PROPERTY MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION B, LINE 11B PALM VILLAGE SENIOR HOUSING CORPORATION'S OUTSIDE AUDITING FIRM PREPARES THE FORM 990. THE FORM IS THEN REVIEWED AND APPROVED BY THE DIRECTOR OF FINANCE OF THE PROPERTY MANAGEMENT COMPANY. THE FORM IS THEN DISTRIBUTED TO ALL MEMBERS OF THE GOVERNING BOARD BEFORE FILING. FORM 990, PART VI, SECTION C, LINE 19 SOME OR ALL OF THESE ITEMS MAY BE AVAILABLE AS PART OF A PUBLIC GRANT APPLICATION, HOWEVER, THERE IS NO PROCESS FOR MAKING THESE AVAILABLE TO THE PUBLIC. FORM 990, PAGE 12, PART XII, LINE 2C: THE GOVERNING BOARD ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT. LTSC COMMUNITY DEVELOPMENT CORPORATION 231 E THIRD STREET G106 LOS ANGELES CA 90013 954444102 SOCIAL WELFARE AND COMMUNITY DEVELOPMENT ACTIVITIES CA 501(C)(3) LINE 10 0 THAI COMMUNITY DEVELOPMENT CENTER 6376 YUCCA STREET NO B LOS ANGELES CA 90028 954531770 SOCIAL WELFARE AND COMMUNITY DEVELOPMENT ACTIVITIES CA 501(C)(3) LINE 7 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0