Bernal Heights Housing Corporation
- Assets
- $44.4m
- Revenue
- $3.2m
- Investments
- $0.0
- Employees
- 0
- Location
- San Francisco, CA
- Founding
- 12/1991
- Data as of
- 12/2022
- EIN
- 94-3142001
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 12/2022, Bernal Heights Housing Corporation generated $3.2m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 12.0% each year . All expenses for the organization totaled $3.2m during the year ending 12/2022. While expenses have increased by 9.1% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
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.
THE ORGANIZATION OPERATED 36 UNITS OF LOW-INCOME HOUSING IN SAN FRANCISCO, CA.
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) | Role | Hours | Compensation |
|---|---|---|---|
Gina Dacus Executive Dir. | Officer | 10 | $0 |
Laurel Muniz President | OfficerTrustee | 5 | $0 |
Robert Crockron Secretary | OfficerTrustee | 5 | $0 |
Buck Bagot Treasurer | OfficerTrustee | 5 | $0 |
Michael Smith Director | Trustee | 5 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $786,591 |
| 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 | $786,591 |
| Total Program Service Revenue | $939,663 |
| Investment income | $1,492,481 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $3,218,735 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $1,496,410 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $154,539 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $120,374 |
| Fees for services: Legal | $29,703 |
| Fees for services: Accounting | $45,619 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,831 |
| Advertising and promotion | $0 |
| Office expenses | $46,494 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $472,674 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $667 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $267,026 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $3,217,881 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $5,391,690 |
| Savings and temporary cash investments | $1,031,457 |
| Pledges and grants receivable | $59,601 |
| Accounts receivable, net | $157,952 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $73,959 |
| Net Land, buildings, and equipment | $4,392,328 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $31,528,733 |
| Intangible assets | $0 |
| Other assets | $1,720,188 |
| Total assets | $44,355,908 |
| Accounts payable and accrued expenses | $1,861,208 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $6,393,272 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $3,454,968 |
| Total liabilities | $11,709,448 |
| Net assets without donor restrictions | $32,646,460 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $44,355,908 |
Grants Awarded
Over the last fiscal year, Bernal Heights Housing Corporation has awarded $2,170,970 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
BERNAL HGHTS NEIGHBORHOOD CTR PURPOSE: GENRL SUPPORT:LOW INC HSG | $1,115,576 |
BERNAL GATEWAY HOUSING CORP PURPOSE: GENRL SUPPORT:LOW INC HSG | $1,055,394 |