Skip to content
Nonprofiteer
← BOOMERANG HOUSING CORPORATION

Form 990 for tax year 2024

Filed by BOOMERANG HOUSING CORPORATION.

Totals

Total revenue
$499,006
Total expenses
$17,411
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$13,485
Investment income
$484,387
Other revenue
$1,134
Total assets, end of year
$1,174,582
Total liabilities, end of year
$15,773,059
Net assets or fund balances, end of year
-$14,598,477
Program services expenses (Part IX)
$17,411
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$17,411

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: PARTNERSHIP ADMIN FEES

    total $13,485 · related or exempt $13,485

  • 3 · Investment income

    total $484,387 · excluded $484,387

  • 11a · Other revenue: SUBSID INC-EQUITY BASI

    total $1,134 · related or exempt $1,134

  • 11e · Other revenue, total

    $1,134

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $3,034 · program services $3,034

  • 24a · Other expenses: PARTNERSHIP ADMIN FEES

    total $13,485 · program services $13,485

  • 24b · Other expenses: MISCELLANEOUS TAXES & L

    total $892 · program services $892

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,030,193 · end of year $1,030,193

  • 7 · Other notes and loans receivable

    beginning of year $114,819 · end of year $117,811

  • 15 · Other assets

    beginning of year $38,146 · end of year $26,578

  • 17 · Accounts payable and accrued expenses

    beginning of year $5 · end of year $5

  • 25 · Other liabilities

    beginning of year $16,263,225 · end of year $15,773,054

  • 27 · Net assets without donor restrictions

    beginning of year -$15,080,072 · end of year -$14,598,477

Mission and programs · 2024

Mission

TO PROVIDE HOUSING FOR LOW-INCOME PERSONS, WHERE NO ADEQUATE HOUSING EXISTS FOR SUCH GROUPS AND TO SERVE AS A GENERAL PARTNER IN A LIMITED PARTNERSHIP WHICH OWNS AND OPERATES HOUSING FOR THE BENEFIT OF LOW INCOME PERSONS WHO ARE IN THE NEED OF AFFORDABLE, DECENT, SAFE AND SANITARY HOUSING AND RELATED SERVICES.

  • THE CORPORATION SERVES AS A GENERAL PARTNER IN A LIMITED PARTNERSHIP THAT PREVIOUSLY PROVIDED LOW-INCOME HOUSING TO PERSONS IN SAN FRANCISCO, CA. THE CORPORATION ALSO SERVES AS AN OWNER OF A CORPORATION THAT SERVES AS THE GENERAL PARTNER IN A LIMITED PARTNERSHIP WHICH PROVIDES 46 UNITS OF LOW-INCOME HOUSING IN SAN FRANCISCO, CA.

    Expenses $17,411 · Revenue $14,619

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Michael Smith

    PRESIDENT

    Total calculated
    $0
    Hours/week
    1 + 9 related

  • Robert Crockron

    SECRETARY

    Total calculated
    $0
    Hours/week
    1 + 12 related

  • Laurel Muniz

    TREASURER

    Total calculated
    $0
    Hours/week
    1 + 14 related

  • Gina Dacus

    EXECUTIVE DIR.

    Total calculated
    $247,367
    From this org
    $0
    From related orgs
    $232,686
    Other
    $14,681
    Hours/week
    2 + 48 related

    Schedule J breakdown matched by us

    Base
    $0 + $232,686 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,681 related
    Filer's total
    $0 + $247,367 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 3
THE EXECUTIVE DIRECTOR OF THE CORPORATION IS A COMPENSATED EMPLOYEE OF BERNAL HEIGHTS NEIGHBORHOOD CENTER (BHNC), A RELATED 501(C)(3) EXEMPT ORGANIZATION. THE EXECUTIVE DIRECTOR'S SALARY FROM BHNC IS DETERMINED BASED ON BHNC'S COMPENSATION POLICY WHICH IS A STEP SYSTEM THAT IS UPDATED EVERY 3 YEARS BASED ON MARKET STUDIES PROVIDED BY LISC AND NORTHERN CALIFORNIA COMPENSATION NON-PROFIT SALARY SURVEY. THE POLICY IS MANAGED BY THE ADMINISTRATIVE DEPARTMENT, REVIEWED BY THE EXECUTIVE COMMITTEE, AND APPROVED BY BHNC'S BOARD OF DIRECTORS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • BOOMERANG HOUSING ASSOCIATES

    RELATED · LOW-INCOME HOUSING · CA · 99% owned · share of income $479,019 · share of assets $1,046,162 · general or managing partner

    Directly controlled by BOOMERANG HSG CORP

  • BERNAL GATEWAY HOUSING ASSOCIATES

    LOW-INCOME HOUSING · CA

  • BERNAL SENIOR HOUSING PARTNERS LTD

    LOW-INCOME HOUSING · CA

  • 1100 OCEAN AVENUE LP

    LOW-INCOME HOUSING · CA

  • MARKET HEIGHTS 2 LP

    LOW-INCOME HOUSING · CA · general or managing partner

  • BERNAL GATEWAY 2 LP

    LOW-INCOME HOUSING · CA

  • TABERNAL ALLIANCE LLC

    LOW-INCOME HOUSING · CA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • RPMH LLC

    C · LOW-INCOME HOUSING · CA · 55% owned · share of income -$1,480 · share of assets $74,345 · controlled entity

    Directly controlled by BOOMERANG HSG CORP

  • RPBG LLC

    C · LOW-INCOME HOUSING · CA

Provenance

Return type
form_990
Tax year
2024
Filed
30 October 2025
IRS schema version
2024v5.2
Source object
202513079349302881

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.