2024-04-17T10:30:11-07:00 2023-12-31 990 2023-01-01 463434797 LAKE MERRITT ASIAN CULTURAL ARTS CENTER AFFORDABLE HOUSING CORP LAKE 5104523941 103 International Blvd Oakland CA 94606 Michael Esmailzadeh CFO 5104523941 2024-04-09 Michael Esmailzadeh 999009999 1 1 11 1 AAL2 2023 2023-04-26 12:10:37Z Michael Emailzadeh 103 International Blvd Oakland CA 94606 69341 0 X X 2013 CA Lease affordable instructional space for the teaching of Asian Martial Arts. The space is leased to about 5 martial arts providers on an hourly basis. Most of the hours are rented by non-profit organizations providing low cost to free instruction to more than 200 residents of Oakland and surrounding cities Lease the residential portion of the property to 6 low income residents of Oakland CA at affordable rates. In 2021 there was 100% occupancy. Most of the residents are involved in providing low cost to free martial arts and self-defense training to Oakland youths and adults. 6 6 0 6 0 0 6040 6040 63301 63301 0 0 0 0 69341 69341 0 0 0 0 0 0 0 0 0 78003 78003 78003 78003 -8662 -8662 568077 559415 310117 298248 257960 261167 Lease affordable instructional space for the teaching of Asian Martial Arts. The space is leased to about 5 martial arts providers on an hourly basis. Most of the hours are rented by non-profit organizations providing low cost to free instruction to more than 200 residents of Oakland and surrounding cities Lease the residential portion of the property to 6 low income residents of Oakland CA at affordable rates. In 2023 there was 100% occupancy. Most of the residents are involved in providing low cost to free martial arts and self-defense training to Oakland youths and adults. 0 0 78003 69341 The expenses for all portions of our program services are overall building expenses such as mortgage, property tax, insurance etc. and so cannot be divided between the 2 programs sharing the building based on use. 0 0 0 78003 0 1 0 0 0 0 0 0 0 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 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 X 6 6 0 0 0 0 1 1 0 1 1 0 0 0 0 0 1 0 0 0 CA X Michael Esmailzadeh 5104523941 103 International Blvd Oakland CA 94606 Noya Kansky Resident Director 0.25 0 X 0 0 0 Rowan Powell Resident Director, President 0.25 0 X 0 0 0 Timothy Sheehan Artist Director 0.25 0 X 0 0 0 Amanda Marini General Director 0.25 0 X 0 0 0 Uchechukwu Mowete Artist Director 0.25 0 X 0 0 0 Michael Esmailzadeh CFO 2 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 6040 0 6040 63301 63301 0 0 63301 0 0 0 0 0 0 69341 63301 0 0 420 420 6837 6837 Mortgage 30153 30153 0 0 Construction 26018 26018 0 0 Taxes State & Property 14263 14263 0 0 Fire Extinguishers 312 312 0 0 78003 78003 0 0 118077 109415 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 450000 0 450000 450000 0 0 0 0 0 568077 559415 0 0 0 0 0 0 310117 298248 0 310117 298248 X 118077 109415 139883 151752 0 0 257960 261167 568077 559415 X -8662 0 0 0 0 11869 X 0 0 0 RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 450000 0 0 450000 0 0 0 0 0 0 0 0 0 0 0 0 450000 Form 990, Part VI, Section A, Line 6 There are 2 classifications of members as stated in Article 13 of our bylaws. Resident member are people who reside at 103 International Blvd Oakland CA 94606. Artist members are individuals who have completed at least one year of continuous training by on of the instructors teaching in one of the programs housed by LMACAC and have been voted on by current Artist Directors after satisfying the first condition. Form 990, Part VI, Section A, Line 7a Artists Members have the right to vote on and recall by a majority vote the Artists Directors. Resident Members have the right to vote on and recall by a majority vote the Resident Directors. Form 990, Part VI, Section B, Line 11b The governing body was told of the completion of form 990 and that the form would be available for review upon request by any of the members Form 990, Part VI, Section C, Line 19 The documents are available if requested at our office at 103 International Blvd Oakland CA 94606 Form 990, Part XI, Line 9 The amount of principal of the mortgage that was paid this year