Annual Reports – Little Tokyo Community Impact Fund

The Little Tokyo Community Impact Fund (LTCIF) has continued in its general activities of inviting potential investors to consider making an investment to help LTCIF towards the goal of acquiring commercial property which can provide subsidized rents for small businesses consistent with the nature of the historic ethnic neighborhood of Little Tokyo.
All of the activities of the organization were conducted mainly by the Board of Directors as well as supportive community volunteers. During this 18-month time period, the community and LTCIF were still being impacted by the COVID pandemic which limited hosting of informational gatherings and other outreach efforts to raise awareness about LTCIF.
The Board of Directors held monthly meetings to carry out the business and mission of LTCIF and also sought other avenues of funding for LTCIF. The Annual Meeting of the investors of LTCIF was held on September 26, 2023 with approximately 33 investors participating and the ballots were received to re-elect the current members of the Board. Ms. Nicole Oshima was added as a new Board members for the “A” class of investors.

The lingering impact of Covid has continued to reduce the ability of LTCIF to conduct public meetings and outreach although the fund has had some investments made through previous long-term contacts.
Re-certification of the Fund was completed in August of 2022 for the following year.
LTCIF attended a national gathering in Washington DC called the Small Business Anti-Displacement Network (SBAN) where many projects across the country met. A grant request was submitted to SBAN.
The Fund grew to $761K with 29 “A” investors and 58 “B” investors.
Download 2022-2023 Report Here

The second Offering Circular ended on July 30, 2021; the LTCIF Board started work to secure State approval for a third Offering Circular period, and focused on future steps during COVID-19.
As of June 30, 2022, LTCIF has recruited 26 Class A investors and 55 Class B investors. This is an increase from the First Circular which ended with 23 Class A investors and 46 Class B investors in 2020.
Download 2021-2022 Report Here

Little Tokyo Community Impact Fund, SPC (“LTCIF” or the “Fund”) held its first Annual Meeting of Investors in June 2020 and officially elected the Board of Directors and provided a report of activities to all investors who participated via Zoom. LTCIF renewed the permit in July of 2020 and has extended it until July 2021.
After election at the Annual Meeting, the Fund Board has met virtually each month since June 2020 to continue to raise funds and to discuss real estate issues and internal policies to guide the operations of the Fund.
As of December 31, 2020, the Fund has raised $679,000 in shareholder investments.
Download 2020 Annual Report Here

Little Tokyo Community Impact Fund, SPC (“LTCIF” or the “Fund”) became a California social purpose corporation on July 30, 2019.
The Fund held 5 public meetings and outreach events presenting information about a community-driven real estate investment fund designed to protect legacy and other culturally-aligned businesses in Little Tokyo.
LTCIF’s efforts was featured in several news sources including the Rafu Shimpo, Pacific Citizen, and KCRW.
LTCIF, in partnership with the Little Tokyo Service Center, received a grant from LISC Los Angeles to hire a part time staff member.
As of December 31, 2019, LTCIF reached a total subscription amount of $395,000, representing 83 shares.
Download 2019 Annual Report Here