2025-04-10T12:30:40-07:00 2024-12-31 990 2024-01-01 463434797 LAKE MERRITT ASIAN CULTURAL ARTS CENTER AFFORDABLE HOUSING CORP LAKE 5104523941 103 International Blvd Oakland CA 94606 Michael Esmailzadeh CFO 5104523941 2025-04-10 1 2024 2025-03-06 01:10:19Z Michael Esmailzadeh 103 International Blvd Oakland CA 94606 66640 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 2024 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 0 63301 66640 0 0 0 0 69341 66640 0 0 0 0 0 0 0 0 0 78003 55631 78003 55631 -8662 11009 559415 570424 298248 285647 261167 284777 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 2024 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 55631 66640 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 55631 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 66640 66640 0 0 66640 0 0 0 0 0 66640 66640 0 0 149 149 8598 8598 Mortgage 30153 30153 0 0 Taxes State and Property 13652 13652 0 0 Bank Fees 1659 1659 0 0 Maintenance 1420 1420 0 0 55631 55631 0 0 109415 120424 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 559415 570424 0 0 0 0 0 0 0 0 0 0 0 0 298248 285647 0 0 0 298248 285647 X 109415 120424 151752 164353 0 0 261167 284777 559415 570424 X 11009 0 0 0 0 12601 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 members are people who reside at 103 International Blvd Oakland CA 94606. Artist members are individuals who have completed at least 1 year of continuous training by one of the instructors teaching at 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 Artist members have the right to voter on and recall by a majority the artist directors. Resident members have the right to vote on and recall by a majority 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 This is the amount of principle of the mortgage that was paid this year.