San Fernando Valley Japanese American Community Center
San Fernando Valley Japanese American Community Center
San Fernando Valley Japanese American Community Center
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A few of the key points are:<br />
President's Message<br />
Nancy Oda<br />
The Tri Board Finance Committees of the CC, Nikkei Senior Gardens (NSG), and Nikkei<br />
Village (NV) have been working together to update members about NSG’s financial picture. On<br />
April 21, NSG hosted a Loaner Donor Meeting at the CC where approximately thirty five families<br />
out of one hundred attended an informational meeting regarding the status of member loans as<br />
well as to learn about the current condition of the project.<br />
I apologized for the lack of communication and thanked the members for their patience..<br />
Fortunately, NSG is almost at 100% occupancy and its revenues now exceed its expenses. This<br />
difference will create surplus cash that NSG will use to help the <strong>Center</strong> pay its monthly mortgage<br />
payment of $15,000 to the Mission <strong>Valley</strong> Bank loan by the beginning of 2013.<br />
1. “May Sagara Rule” which places prospective new residents (if there is a vacancy) on the waiting list based on the<br />
date they made their loan or donation to the project. This rule will enable our donors to be placed ahead of anyone<br />
currently seeking residence or who is currently on the waiting list but who may not have made a loan or donation.<br />
2. All lenders and donors received a key points letter in early May. It will also be posted on the CC website for your<br />
information.<br />
3. All lenders will be contacted to update them on the current financial status every six months.<br />
4. Irene Sumida, President and CEO of NSG, is establishing a charitable foundation to help raise funds called the Oya<br />
Koko Foundation: Friends of Nikkei Senior Gardens.<br />
5. NSG is recognized for its high quality of care and well maintained facility.<br />
If you were not able to attend the meeting, please contact me by email at nancyoda@juno.com or call me at<br />
818 935- 2603. You are welcome to take a tour of NSG and find happy, healthy seniors thriving. The next NSG financial<br />
informational meeting is planned for October. Thank you for your support as well as for your belief in a needed retirement<br />
project for our senior citizens.<br />
Sincerely yours,<br />
Nancy Kyoko Oda<br />
Thank you to Southern California Gas Company for<br />
their generous donation of $750 to our Family Day Raffle Fundraiser.<br />
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