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← BERNAL HEIGHTS HOUSING CORPORATION

Form 990 for tax year 2024

Filed by BERNAL HEIGHTS HOUSING CORPORATION.

Totals

Total revenue
$2,400,306
Total expenses
$3,898,623
Contributions and grants received
$417,704
Grants paid
$1,528,757
Program service revenue
$1,680,790
Investment income
$301,812
Other revenue
$0
Total assets, end of year
$47,938,763
Total liabilities, end of year
$13,993,835
Net assets or fund balances, end of year
$33,944,928
Program services expenses (Part IX)
$3,626,082
Management and general expenses
$272,541
Fundraising expenses
$0
Program service expenses (Part III)
$3,626,082

Program services were 93.0% 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.

  • 1e · Government grants (contributions)

    $417,704

  • 2a · Program service revenue: Allocable Share PS Ren

    total $658,550 · related or exempt $658,550

  • 2b · Program service revenue: Residential Rental Inc

    total $475,236 · related or exempt $475,236

  • 2c · Program service revenue: Developer Fees

    total $368,063 · related or exempt $368,063

  • 2d · Program service revenue: Miscellaneous Income

    total $104,168 · related or exempt $104,168

  • 2e · Program service revenue: Management Services Fe

    total $74,773 · related or exempt $74,773

  • 3 · Investment income

    total $301,812 · excluded $301,812

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $1,528,757 · program services $1,528,757

  • 7 · Other salaries and wages

    total $208,026 · program services $208,026

  • 11a · Fees: management

    total $129,310 · management and general $129,310

  • 11b · Fees: legal

    total $17,461 · management and general $17,461

  • 11c · Fees: accounting

    total $11,628 · management and general $11,628

  • 11g · Fees: other

    total $82,701 · management and general $82,701

  • 13 · Office expenses

    total $50,376 · program services $48,889 · management and general $1,487

  • 16 · Occupancy

    total $451,678 · program services $451,678

  • 20 · Interest

    total $150,358 · program services $150,358

  • 22 · Depreciation, depletion and amortization

    total $264,461 · program services $250,259 · management and general $14,202

  • 23 · Insurance

    total $109,032 · program services $93,280 · management and general $15,752

  • 24a · Other expenses: Allocable Share PS Expe

    total $719,361 · program services $719,361

  • 24b · Other expenses: Program Subcontractor E

    total $151,030 · program services $151,030

  • 24c · Other expenses: Bad Debt Expense

    total $12,765 · program services $12,765

  • 24d · Other expenses: Taxes and Licenses Expe

    total $11,679 · program services $11,679

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,779,134 · end of year $1,157,663

  • 2 · Savings and temporary cash investments

    beginning of year $7,424,901 · end of year $3,900,000

  • 3 · Pledges and grants receivable

    beginning of year $96,475 · end of year $24,737

  • 4 · Accounts receivable

    beginning of year $49,099 · end of year $519,838

  • 9 · Prepaid expenses and deferred charges

    beginning of year $109,278 · end of year $15,964

  • 10a · Land, buildings and equipment: cost or other basis

    $9,559,804

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,633,726

  • 10c · Land, buildings and equipment, net

    beginning of year $4,161,039 · end of year $3,926,078

  • 13 · Investments: program-related

    beginning of year $31,461,304 · end of year $31,411,743

  • 15 · Other assets

    beginning of year $1,849,633 · end of year $6,982,740

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,067,012 · end of year $2,311,146

  • 23 · Secured mortgages and notes payable

    beginning of year $6,376,353 · end of year $8,904,716

  • 25 · Other liabilities

    beginning of year $3,044,253 · end of year $2,777,973

  • 27 · Net assets without donor restrictions

    beginning of year $35,443,245 · end of year $33,944,928

Mission and programs · 2024

Mission

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.

  • The organization operated 36 units of low-income housing in San Francisco, CA.

    Expenses $1,681,387 · Grants $1,528,757 · Revenue $579,404

  • The organization serves as a limited partner in three partnerships, all of which own and operate low-income housing. The organization also serves as the sole owner of one limited liability company and the managing member one limited liability company which serves as the general partner in two limited partnerships and co-member in two other limited liability companies all of which own and operate low-income housing.

    Expenses $719,361 · Revenue $658,550

  • The organization worked toward developing affordable housing throughout San Francisco, California.

    Expenses $1,225,334 · Revenue $442,836

As filed on the 2024 return.

Listed in Part VII

  • Laurel Muniz

    President

    Total calculated
    $0
    Hours/week
    5 + 8 related

  • Robert Crockron

    Secretary

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Novia Marshall

    Director

    Total calculated
    $0
    Hours/week
    5 + 5 related

  • Gina Dacus

    Executive Director

    Total calculated
    $261,107
    From this org
    $0
    From related orgs
    $246,131
    Other
    $14,976
    Hours/week
    10 + 40 related

    Schedule J breakdown matched by us

    Base
    $0 + $246,131 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $14,976 related
    Filer's total
    $0 + $261,107 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

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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • BERNAL HOUSING LLC

    SERVES AS GP OR MEMBER IN 3 PARTNERSHIPS, SEE PART III · CA · income $0 · assets $0

    Directly controlled by BERNAL HEIGHTS HOUSING CORPORATION

Related partnerships

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

  • BOOMERANG HOUSING ASSOCIATES

    RELATED · LOW-INCOME HOUSING · CA · 92.74% owned · share of income $4,839 · share of assets $13,339,718

    Directly controlled by 94-3142001

  • BERNAL GATEWAY HOUSING ASSOCIATES

    RELATED · LOW-INCOME HOUSING · CA · 100% owned · share of income $5,531 · share of assets $18,062,295

    Directly controlled by 94-3142001

  • BERNAL SENIOR HOUSING PARTNERS

    RELATED · LOW-INCOME HOUSING · CA · 70% owned · share of income -$419,687 · share of assets -$5,583,501

    Directly controlled by 94-3142001

  • 1100 OCEAN AVENUE LP

    RELATED · LOW-INCOME HOUSING · CA · 0.49% owned · share of income -$31 · share of assets $484,116 · general or managing partner

    Directly controlled by 90-0783249

  • BERNAL GATEWAY 2 LP

    N/A · LOW-INCOME HOUSING · CA

  • MARKET HEIGHTS 2 LP

    N/A · LOW-INCOME HOUSING · CA

  • TABERNAL ALLIANCE LLC

    RELATED · LOW-INCOME HOUSING · CA · 50% owned · general or managing partner

    Directly controlled by 94-3142001

Related corporations and trusts

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

  • RPBG LLC

    C · LOW-INCOME HOUSING · CA

  • RPMH LLC

    C · LOW-INCOME HOUSING · CA

Provenance

Return type
form_990
Tax year
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202533219349324153

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