Bernal Heights Housing Corporation

Organization Overview

Bernal Heights Housing Corporation is located in San Francisco, CA. The organization was established in 1991. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bernal Heights Housing Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 12/2021, Bernal Heights Housing Corporation generated $3.8m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 16.6% each year . All expenses for the organization totaled $3.8m during the year ending 12/2021. While expenses have increased by 13.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

THE ORGANIZATION WAS INCORPORATED IN 1991 TO PRESERVE AND DEVELOP AFFORDABLE HOUSING FOR LOW AND MODERATE INCOME INDIVIDUALS AND TO DEVELOP OR REHABILITATE NEW AND EXISTING HOUSING PROJECTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

WORKED TOWARD DEVELOPING AFFORDABLE HOUSING THROUGHOUT SAN FRANCISCO, CALIFORNIA.


THROUGH MAY 13, 2021, OPERATED APPROXIMATELY 41 UNITS OF LOW-INCOME HOUSING IN SAN FRANCISCO, CALIFORNIA. ON MAY 14, 2021, 5 UNITS WERE SOLD TO AN UNRELATED BUYER. THE ORGANIZATION WILL CONTINUE TO OPERATE THE REMAINING 36 UNITS OF LOW-INCOME HOUSING.


SERVED AS A LIMITED PARTNER IN THREE PARTNERSHIPS ALL OF WHICH OWN AND OPERATE LOW-INCOME HOUSING. ALSO SERVED AS THE SOLE OWNER OF ONE LIMITED LIABILITY COMPANY WHICH SERVES AS THE GENERAL PARTNER IN A LIMITED PARTNERSHIP AND CO-MEMBER IN TWO OTHER LIMITED LIABILITY COMPANIES ALL OF WHICH OWN AND OPERATE LOW-INCOME HOUSING.


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Board, Officers & Key Employees

Name (title)Compensation
Esperanza Arab
President
$0
Laurel Muniz
Vice President
$0
Robert Cocharn
Secretary
$0
Buck Bagot
Treasurer
$0
Gina Dacus
Executive Dir.
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $732,430
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$732,430
Total Program Service Revenue$967,027
Investment income $1,401,910
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $726,208
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $3,827,575

Grants Awarded

Over the last fiscal year, Bernal Heights Housing Corporation has awarded $2,170,970 in support to 2 organizations.

Grant RecipientAmount

BERNAL HGHTS NEIGHBORHOOD CTR

Org PageRecipient Profile

San Francisco, CA

PURPOSE: GENRL SUPPORT:LOW INC HSG

$1,115,576

BERNAL GATEWAY HOUSING CORP

Org PageRecipient Profile

San Francisco, CA

PURPOSE: GENRL SUPPORT:LOW INC HSG

$1,055,394
View Grant Profile

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