Bernal Heights Housing Corporation

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

GINA DACUS

Phone

4152062140

Tax Period

2023-01-01 to 2023-12-31

Bernal Heights Housing Corporation, founded in 1991, is a community nonprofit in the Housing & Shelter sector that reported $6.6M in total revenue in fiscal year 2023. Revenue surged 104% from the prior year, signaling strong growth momentum. The organization ran a surplus of $2.8M, a strong 43% operating margin.

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.

Program Service Accomplishments

Program 1

Expenses: $1,853,665 Revenue: $103,168

THE ORGANIZATION WORKED TOWARD DEVELOPING AFFORDABLE HOUSING THROUGHOUT SAN FRANCISCO, CALIFORNIA.

Program 2

Expenses: $1,273,117 Revenue: $458,860

THE ORGANIZATION OPERATED 36 UNITS OF LOW-INCOME HOUSING IN SAN FRANCISCO, CA.

Program 3

Expenses: $359,462 Revenue: $355,401

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 SERVE 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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $5,443,587

Program Service Revenue $917,429

Investment Income $203,152

Other Revenue $0

TOTAL REVENUE $6,564,168

Expense Breakdown

Grants Paid $1,767,648

Salaries & Benefits $220,754

Fundraising Expenses $0

Program Expenses $3,486,244

Other Expenses $1,778,981

TOTAL EXPENSES $3,767,383

Year-over-Year Comparison

	2023	2022	Change
Revenue	$6,564,168	$3,218,735	+1.0%
Expenses	$3,767,383	$3,217,881	+0.2%
Net Income	$2,796,785	$854	+3273.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$188,434

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
GINA DACUS	Executive Dir.	10.00	Officer	$0	$13,111	$188,434
LAUREL MUNIZ	President	5.00	Officer Director	$0	$0	$0
ROBERT CROCKRON	Secretary	5.00	Officer Director	$0	$0	$0
MICHAEL SMITH	Vice President	5.00	Officer Director	$0	$0	$0
BUCK BAGOT	Director	5.00	Director	$0	$0	$0
BARBARA BAGOT	Director	5.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$6,564,168	$3,767,383	$46,930,863	$2,796,785
2022	$3,218,735	$3,217,881	$44,355,908	$854
2021	$3,827,575	$3,839,835	$44,233,708	$-12,260
2020	$4,483,986	$2,583,110	$45,028,375	$1,900,876
2019	$5,913,514	$6,984,781	$42,718,671	$-1,071,267
2018	$5,344,800	$5,431,108	$10,439,230	$-86,308