Civic Intelligence

Fsn Qalicb

EIN 93-4398449 • 501(c)3 • Los Angeles, CA

Profile

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.

231 E Third Street G-106Los Angeles, CA 90013

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

93rd percentile

0.99x

Higher debt load relative to assets than 93% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Liabilities / Revenue

99th percentile

100.37x

Higher debt load relative to revenue than 99% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Net Margin

96th percentile

78%

Higher net margin than 96% of similar nonprofits.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Top Officer Pay

9th percentile

$0

Higher top officer pay than 9% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $25M-$50M nonprofits • Source year 2024

Asset Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2023 to 2024

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Up

$29,604,112

Up $29,604,112 from 2023

Liabilities

Up

$29,377,138

Up $29,377,138 from 2023

Net Assets

Up

$226,974

Up $226,974 from 2023

Operations
Liabilities / Revenue99th percentileNet Margin96th percentile

Revenue

Up

$292,692

Up $292,692 from 2023

Expenses

Up

$65,718

Up $65,718 from 2023

Net Income

Up

$226,974

Up $226,974 from 2023

Trend Graphs

Balance Sheet Trend

Asset GrowthScore unavailable

Grouped bars show assets, liabilities, and net assets across loaded filings.

$30M$20M$10M$0Assets 2023: $0Liabilities 2023: $0Net Assets 2023: $02023Assets 2024: $29,604,112Liabilities 2024: $29,377,138Net Assets 2024: $226,9742024

Highlighted filing

2024

Assets$29,604,112
Liabilities$29,377,138
Net Assets$226,974
Open 2024 Filing

Operations Trend

Revenue GrowthScore unavailable

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0Revenue 2023: $0Expenses 2023: $0Net Income 2023: $02023Revenue 2024: $292,692Expenses 2024: $65,718Net Income 2024: $226,9742024

Highlighted filing

2024

Revenue$292,692
Expenses$65,718
Net Income$226,974
Open 2024 Filing

Filings

Most recent year

2024 • Form 990Facts available. Structured filing facts are available, but richer extracted sections are limited.

Open filing
Assets
$29,604,112
Liabilities
$29,377,138
Net assets
$226,974
Revenue
$292,692
Expenses
$65,718
Net income
$226,974
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Facts available. Structured filing facts are available, but richer extracted sections are limited.$29.6$29.4$0.23$0.29$0.07$0.23
2023Detailed filing. Detailed filing data is available for this year.$0.00$0.00$0.00$0.00$0.00$0.00
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jan 1, 2024 to Dec 31, 2024
Signed
Oct 13, 2025
Return Version
2024v5.2
Gross Receipts
$292,692
Mission and Program Overview

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.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Cash and Non-Interest-Bearing Accounts-$17,517,447-
Intangible Assets-$594,759-
Total Assets$0$29,604,112▲ $29,604,112
Other Assets Total$0$11,491,906▲ $11,491,906
Liabilities
Mortgage Notes Payable Secured by Investment Property-$26,945,000-
Accounts Payable and Accrued Expenses-$2,432,138-
Total Liabilities$0$29,377,138▲ $29,377,138
Net Assets / Fund Balance
Net Assets Without Donor Restrictions-$226,974-
Total Net Assets Fund Balance$0$226,974▲ $226,974
Total Liabilities and Net Assets / Fund Balance$0$29,604,112▲ $29,604,112

Asset Categories

AssetBook ValueDepreciationBasis
Other Assets Org$11,491,906--
Compensation and Service Providers
Top Officer Pay9th percentile

Board Members and Trustees

NameTitle
Erich NakanoPresident
Jeffrey MaloneyBoard Member
Mitchell MakiBoard Member
Takao SuzukiSecretary
Debbie ChenTreasurer

Highest Paid Contractors

ContractorServicesLocationCompensation
Walton Construction INC-358 E FOOTHILL BLVD, San Dimas, CA 91773$5,824,855
Revenue and Support

Revenue Composition

Contributions and Grants
$292,692
Program Service Revenue
$0
Investment Income
$0
Other Revenue
$0
All Other Contributions
$292,692
Change in Net Assets
$226,974

Noncash Contribution Practices

Property subject to holding requirements
No
Reviewed unusual noncash gifts
No
Third parties used for noncash contributions
No

Noncash Contributions

Contribution TypeContribution CountReported AmountValuation Method
Other Non Cash Contri Table1$292,692Actual Cost
Total Noncash Contributions1$292,692-

Audited Revenue Reconciliation

Revenue per Audited Statements
$292,692
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$292,692
Total Revenue per Form 990
$292,692
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$65,718
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Interest$47,695--$47,695
Depreciation Depletion$18,023--$18,023
Total Functional Expenses$65,718$0$0$65,718

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$65,718
Total Expenses per Audited Statements$65,718
Total Expenses per Form 990$65,718
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section B, Line 11B

“The organization's external auditors and finance staff prepare form 990. It is then reviewed and approved by the ceo and cfo before being sent to the full board for review prior to filing.”

Form 990, Part VI, Section B, Line 12C

“The organization requires all directors to annually sign a statement affirming a) receipt of the organization's conflict of interest policy, b) understanding of the policy, and c) agreement with the policy. The organization's conflict of interest policy describes how the organization will resolve possible conflicts of interest.”

Form 990, Part VI, Section C, Line 19

“Fsn qalicb makes its governing documents, conflict of interest policy and financial statements available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Fsn Qalicb
EIN
93-4398449
Phone
2134733030
Address
231 E THIRD STREET G-106, LOS ANGELES, CA 90013

Signing Officer

Name
Bomee Fain
Title
CFO
Phone
2134733030
Signed
2025-10-13
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bomee Fain
Formed
2023
Legal Domicile
CA
Voting Board Members
5
Independent Board Members
5
Employees
0
Volunteers
0

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Robert J Doyle Jr
Phone
3178485700
Supplemental Narrative

Additional Explanations

Form 990, Part XII, Line 2C

“Overview of audit function the board of directors assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.”

Financial Statement Notes

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 tax returns were subject to examinations from the three years after the later of the original or extended due date or the date filed by the applicable tax authority.”

Raw XML Appendix377 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/Form990PartVIISectionAGrp/TitleTxt1TREASURER
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3BOARD MEMBER
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IRS990ScheduleM/OtherNonCashContriTableGrp/Desc0DEVELOPMENT EXPENSES PAID
IRS990ScheduleM/OtherNonCashContriTableGrp/MethodOfDeterminingRevenuesTxt0ACTUAL COST
IRS990ScheduleM/OtherNonCashContriTableGrp/NonCashCheckboxInd0X
IRS990ScheduleM/OtherNonCashContriTableGrp/NoncashContributionsRptF990Amt0292692
IRS990ScheduleM/ReviewProcessUnusualNCGiftsInd00
IRS990ScheduleM/ThirdPartiesUsedInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION'S EXTERNAL AUDITORS AND FINANCE STAFF PREPARE FORM 990. IT IS THEN REVIEWED AND APPROVED BY THE CEO AND CFO BEFORE BEING SENT TO THE FULL BOARD FOR REVIEW PRIOR TO FILING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE ORGANIZATION REQUIRES ALL DIRECTORS TO ANNUALLY SIGN A STATEMENT AFFIRMING A) RECEIPT OF THE ORGANIZATION'S CONFLICT OF INTEREST POLICY, B) UNDERSTANDING OF THE POLICY, AND C) AGREEMENT WITH THE POLICY. THE ORGANIZATION'S CONFLICT OF INTEREST POLICY DESCRIBES HOW THE ORGANIZATION WILL RESOLVE POSSIBLE CONFLICTS OF INTEREST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2FSN QALICB MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3OVERVIEW OF AUDIT FUNCTION THE BOARD OF DIRECTORS ASSUMES RESPONSIBILITY FOR OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS AND SELECTION OF AN INDEPENDENT ACCOUNTANT.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION C, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PART XII, LINE 2C
IRS990ScheduleR/AssetExchangeInd00
IRS990ScheduleR/AssetPurchaseFromOtherOrgInd00
IRS990ScheduleR/AssetSaleToOtherOrgInd00
IRS990ScheduleR/DivRelatedOrganizationInd00
IRS990ScheduleR/GiftGrntCapContriFromOthOrgInd01
IRS990ScheduleR/GiftGrntOrCapContriToOthOrgInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ControlledOrganizationInd00
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/DisregardedEntityName/BusinessNameLine1Txt0LTSC COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/EIN0954444102
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/ExemptCodeSectionTxt0501(C)(3)
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/LegalDomicileStateCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PrimaryActivitiesTxt0SOCIAL WELFARE AND COMMUNITY DEVELOPMENT ACTIVITIES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/PublicCharityStatusTxt0LINE 10
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/AddressLine1Txt0231 E THIRD STREET NO G-106
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/CityNm0LOS ANGELES
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/StateAbbreviationCd0CA
IRS990ScheduleR/IdRelatedTaxExemptOrgGrp/USAddress/ZIPCd090013
IRS990ScheduleR/LoansOrGuaranteesFromOthOrgInd00
IRS990ScheduleR/LoansOrGuaranteesToOtherOrgInd00
IRS990ScheduleR/PaidEmployeesSharingInd00
IRS990ScheduleR/PerformOfServicesByOtherOrgInd00
IRS990ScheduleR/PerformOfServicesForOthOrgInd00
IRS990ScheduleR/ReceiptOfIntAnntsRntsRyltsInd00
IRS990ScheduleR/ReimbursementPaidByOtherOrgInd00
IRS990ScheduleR/ReimbursementPaidToOtherOrgInd00
IRS990ScheduleR/RentalOfFacilitiesToOthOrgInd00
IRS990ScheduleR/RentalOfFcltsFromOthOrgInd00
IRS990ScheduleR/SharingOfFacilitiesInd00
IRS990ScheduleR/TransactionsRelatedOrgGrp/InvolvedAmt0292692
IRS990ScheduleR/TransactionsRelatedOrgGrp/MethodOfAmountDeterminationTxt0ACTUAL
IRS990ScheduleR/TransactionsRelatedOrgGrp/OtherOrganizationName/BusinessNameLine1Txt0LTSC COMMUNITY DEVELOPMENT CORPORATION
IRS990ScheduleR/TransactionsRelatedOrgGrp/TransactionTypeTxt0C
IRS990ScheduleR/TransferFromOtherOrgInd00
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IRS990/SchoolOperatingInd00
IRS990/SignificantChangeInd00
IRS990/SignificantNewProgramSrvcInd00
IRS990/StatesWhereCopyOfReturnIsFldCd0CA
IRS990/SubjectToExcsTaxNetInvstIncInd00
IRS990/SubjectToProxyTaxInd00
IRS990/SubjToTaxRmnrtnExPrchtPymtInd00
IRS990/TaxablePartyNotificationInd00
IRS990/TaxExemptBondsInd00
IRS990/TerminateOperationsInd00
IRS990/TotalAssetsBOYAmt00
IRS990/TotalAssetsEOYAmt029604112
IRS990/TotalAssetsGrp/BOYAmt00
IRS990/TotalAssetsGrp/EOYAmt029604112
IRS990/TotalCompGreaterThan150KInd00
IRS990/TotalContributionsAmt0292692
IRS990/TotalEmployeeCnt00
IRS990/TotalFunctionalExpensesGrp/FundraisingAmt00
IRS990/TotalFunctionalExpensesGrp/ManagementAndGeneralAmt00
IRS990/TotalFunctionalExpensesGrp/ProgramServicesAmt065718
IRS990/TotalFunctionalExpensesGrp/TotalAmt065718
IRS990/TotalGrossUBIAmt00
IRS990/TotalLiabilitiesBOYAmt00
IRS990/TotalLiabilitiesEOYAmt029377138
IRS990/TotalLiabilitiesGrp/BOYAmt00
IRS990/TotalLiabilitiesGrp/EOYAmt029377138
IRS990/TotalNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotalNetAssetsFundBalanceGrp/EOYAmt0226974
IRS990/TotalOtherCompensationAmt00
IRS990/TotalProgramServiceExpensesAmt065718
IRS990/TotalReportableCompFromOrgAmt00
IRS990/TotalRevenueGrp/ExclusionAmt00
IRS990/TotalRevenueGrp/RelatedOrExemptFuncIncomeAmt00
IRS990/TotalRevenueGrp/TotalRevenueColumnAmt0292692
IRS990/TotalRevenueGrp/UnrelatedBusinessRevenueAmt00
IRS990/TotalVolunteersCnt00
IRS990/TotLiabNetAssetsFundBalanceGrp/BOYAmt00
IRS990/TotLiabNetAssetsFundBalanceGrp/EOYAmt029604112
IRS990/TotReportableCompRltdOrgAmt00
IRS990/TrnsfrExmptNonChrtblRltdOrgInd00
IRS990/TypeOfOrganizationCorpInd0X
IRS990/UnrelatedBusIncmOverLimitInd00
IRS990/UponRequestInd0X
IRS990/USAddress/AddressLine1Txt0231 E THIRD STREET G-106
IRS990/USAddress/CityNm0LOS ANGELES
IRS990/USAddress/StateAbbreviationCd0CA
IRS990/USAddress/ZIPCd090013
IRS990/VotingMembersGoverningBodyCnt05
IRS990/VotingMembersIndependentCnt05
IRS990/WebsiteAddressTxt0N/A
IRS990/WhistleblowerPolicyInd00
ReturnHeader/BuildTS02025-03-06 01:10:19Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd01
ReturnHeader/BusinessOfficerGrp/PersonNm0BOMEE FAIN
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0CFO
ReturnHeader/BusinessOfficerGrp/PhoneNum02134733030
ReturnHeader/BusinessOfficerGrp/SignatureDt02025-10-13
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FSN QALICB
ReturnHeader/Filer/BusinessNameControlTxt0FSNQ
ReturnHeader/Filer/EIN0934398449
ReturnHeader/Filer/PhoneNum02134733030
ReturnHeader/Filer/USAddress/AddressLine1Txt0231 E THIRD STREET G-106
ReturnHeader/Filer/USAddress/CityNm0LOS ANGELES
ReturnHeader/Filer/USAddress/StateAbbreviationCd0CA
ReturnHeader/Filer/USAddress/ZIPCd090013
ReturnHeader/IRSResponsiblePrtyInfoCurrInd01
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0351750664
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DAUBY O'CONNOR & ZALESKI LLC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0501 CONGRESSIONAL BLVD 300
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0CARMEL
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0IN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd046032
ReturnHeader/PreparerPersonGrp/PhoneNum03178485700
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0ROBERT J DOYLE JR
ReturnHeader/ReturnTs02025-10-21T07:29:08-05:00
ReturnHeader/ReturnTypeCd0990
ReturnHeader/TaxPeriodBeginDt02024-01-01
ReturnHeader/TaxPeriodEndDt02024-12-31
ReturnHeader/TaxYr02024

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