2024-10-30T13:46:09-07:00 2023-12-31 421546293 Law Chin & Mar LLP 365 W Garvey Ave Ste 203 Monterey Park CA 91754 990PF 2023-01-01 954676025 FRANCIS AND LORETTA HUNG FOUNDATION FRAN 3109935345 2515 AIKEN AVENUE LOS ANGELES CA 90064 FRANCIS C HUNG President 2024-10-25 true true Stanley L Mar P00582854 6269279789 2023 2024-10-15 13:58:12Z X -38032 X X 2613 2613 2613 16576 16576 16576 4806 157 199 157 2119 2119 21465 21465 19189 143 143 86 86 15653 15653 15882 15882 0 23488 23488 39370 15882 23488 -17905 5583 19189 129653 123777 -158021 -169236 34511 27084 7513 7427 -20855 -38032 -38032 7 7 X -20855 -38039 -20855 -38039 -20855 -38032 -20855 -17905 721 -38039 -38039 FROM K-1 (HUNG PROPERTIES NO 2 LP) P 2022-01-01 2023-12-31 30 30 30 FROM K-1 (HUNG INVESTMENTS LP) P 2023-01-01 2023-12-31 42 -42 -42 FROM K-1 (HUNG INVESTMENTS LP) P 2022-01-01 2023-12-31 169 169 169 157 -42 78 78 78 78 0 false false false false false false false true false CA false false false false false true N/A FRANCIS C HUNG JR 3109935345 2515 AIKEN AVENUE LOS ANGELES CA 90064 false false false false false false false false false false false false false false false false false false false false false false FRANCIS C HUNG JR 2515 AIKEN AVENUE LOS ANGELES CA 90064 President 1.00 0 VINCENT C HUNG 11506 ORUM ROAD LOS ANGELES CA 90049 Vice President 1.00 0 NONE NONE 0 126715 454000 580715 0 580715 8711 572004 28600 28600 78 78 28522 28522 28522 23488 23488 28522 73 73 23488 0 23488 73 73 4961 14 2613 16 4806 18 157 FROM K-1 (HUNG INVEST LP) 18 1805 FROM K-1 (HUNG INVEST LP) 18 23 FROM K-1 (HUNG PROP NO 2) 18 315 FROM K-1 (HUNG PROP NO 3) 18 -16 FROM K-1 (NEWLAND) 18 -8 TAX REFUND 9695 9695 false false false false false false false false false false ROOF-SURVA 1997-07-01 599 557 SL 0.0364 22 ROOF-SURVB 1997-07-01 599 557 SL 0.0364 22 ROOF-BAO 1997-07-01 63 57 SL 0.0364 2 STEP UP BUILDING-BAO 2001-02-11 1099 876 SL 0.0364 40 Buildings 22364 22757 393 7427 Improvements 4554 4327 227 Land 7593 7593 K-1 (HUNG INVESTMENTS) INVEST INTEREST 17 17 K-1 (HUNG INVESTMENTS)OTHER DEDUCTIONS 534 534 K-1 (HUNG PROPERTIES NO 2)OTHER DEDUCTI 26 26 K-1 (HUNG PROPERTIES NO 3 )OTHER DEDUCTI 3281 3281 LICENSES & FEES 25 25 Rental Expenses 11770 11770 FROM K-1 (HUNG INVEST LP) 1805 1805 FROM K-1 (HUNG INVEST LP) 23 23 FROM K-1 (HUNG PROP NO 2) 315 315 FROM K-1 (HUNG PROP NO 3) -16 -16 FROM K-1 (NEWLAND) -8 -8 K-1 (HUNG PROPERTIES NO 3 LP) - TAX EXEMPT INCOME 55 K-1 ADJUSTMENTS 666 Other payable 7 We respectfully request a waiver of penalty for the late filing of the 2023 tax return. A Federal tax extension was electronically filed for the return on 3/12/24 but it was not received and processed by the IRS as the agency was not ready to process Tax Year 2023 for the extension until 3/17/24. We were unaware that the extension was not processed until we received a notice from the IRS dated 10/21/24 that we had not yet filed our 2023 tax return.For tax year 2022 and prior years, we successfully e-filed our tax extensions in early to mid March of the following year with no transmission issues until just this year. The successful electronic transmission of our prior years' tax extensions mitigated any need for us to verify that our 2023 extension was accepted by the IRS. Copies of the 2023 and 2022 E-file Actvivity Reports for the tax extensions have been attached as a pdf file to the 2023 tax return. FEDERAL TAX 109 109 K-1 (HUNG INVESTMENTS) FOREIGN TAX 33 33 K-1 (HUNG PROPERTIES NO 2) FOREIGN TAX 1 1