2021-04-15T19:36:40-05:00 2020-05-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2019-06-01 940948140 BERKELEY STUDENT COOPERATIVE INC BERK 5108481936 2424 RIDGE ROAD BERKELEY CA 94709 TEENA LORIE HARRIS EXECUTIVE DIRECTOR 5108481936 2021-04-15 1 MICHAEL LUMSDEN P01262236 4159561500 2021-04-15 2019 2022-09-23 18:48:47Z TEENA LORIE HARRIS 2424 RIDGE ROAD BERKELEY CA 94709 12313327 0 X WWW.BSC.COOP X 1934 CA PROVIDE A QUALITY, LOW COST, COOPERATIVE HOUSING COMMUNITY TO UNIVERSITY STUDENTS WHO OTHERWISE MIGHT NOT BE ABLE TO AFFORD A UNIVERSITY EDUCATION. 26 10 44 1230 0 0 664921 791681 10988029 10450145 583158 478308 340815 593193 12576923 12313327 170416 198772 0 0 3362169 3505820 0 0 362178 6970076 6644529 10502661 10349121 2074262 1964206 53002234 56996489 18785177 23737583 34217057 33258906 TO PROVIDE A QUALITY, LOW-COST, COOPERATIVE HOUSING COMMUNITY TO UNIVERSITY STUDENTS, THEREBY PROVIDING AN EDUCATIONAL OPPORTUNITY FOR STUDENTS WHO MIGHT NOT OTHERWISE BE ABLE TO AFFORD A UNIVERSITY EDUCATION. 0 0 8079831 198772 10450145 THE BERKELEY STUDENT COOPERATIVE (BSC) IS A NONPROFIT HOUSING COOPERATIVE PROVIDING AFFORDABLE HOUSING AND BOARD TO STUDENTS AT UC BERKELEY AND OTHER BAY AREA COLLEGES AND UNIVERSITIES. BSC HAS APPROXIMATELY 1,230 STUDENT MEMBERS LIVING IN OR EATING AT OUR SEVENTEEN HOUSES AND THREE APARTMENT COMPLEXES AROUND THE UC BERKELEY CAMPUS. EACH HOUSE IS DEMOCRATICALLY RUN, WHERE ALL MEMBERS CONTRIBUTE LABOR TO KEEP HOUSING COSTS AFFORDABLE. 8079831 1 1 0 0 0 0 0 0 1 1 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 35 0 1 44 1 0 0 0 0 0 0 0 0 0 0 0 0 X 26 10 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X STEVE CATANO 5108481936 2424 RIDGE ROAD BERKELEY CA 94709 KIM BENSON EXECUTIVE DIRECTOR 40.00 X 194273 0 22974 STEVE CATANO FINANCE & ACCOUNTING MANAGER 40.00 X 118521 0 29506 MARIE LUCERO OPERATIONS MANAGER 40.00 X 129975 0 13305 DAN HOLM CENTRAL MAINTENANCE SUPERVISOR 40.00 X 104640 0 14069 MADELINE LOH DEVELOPMENT DIRECTOR / BOARD MEMBER 40.00 X 98990 0 16143 EMERY MARTINEZ PRESIDENT 25.00 X X 2694 0 0 ALEX QUINTERO VP OF CAPITAL & FINANCE 20.00 X X 3486 0 0 ARI CHIVUKULA VP OF INTERNAL AFFAIRS 20.00 X X 716 0 0 RANDY RIVERA BOARD MEMBER 5.00 X 0 0 0 NYSEN MARIDE BOARD MEMBER 5.00 X 0 0 0 COLLIN BOS BOARD MEMBER 5.00 X 0 0 0 RACHEL CORNEJO BOARD MEMBER 5.00 X 0 0 0 LIAM WILLINGHAM BOARD MEMBER 5.00 X 0 0 0 CHEROD JOHNSON BOARD MEMBER 5.00 X 0 0 0 ALEXANDER LENC BOARD MEMBER 5.00 X 0 0 0 IVAN LENKOV BOARD MEMBER 5.00 X 0 0 0 YASSINE BEN YACOUB BOARD MEMBER 5.00 X 0 0 0 JUSTIN URIBE BOARD MEMBER 5.00 X 0 0 0 ALEXANDRA BAUM BOARD MEMBER 5.00 X 0 0 0 AVIRAM BHALLA LEVINE BOARD MEMBER 5.00 X 0 0 0 CONNIE ROBINSON BOARD MEMBER 5.00 X 0 0 0 ELLA SMITH BOARD MEMBER 5.00 X 1408 0 0 RICARDO GOMEZ BOARD MEMBER 5.00 X 0 0 0 ELLY HUDSON BOARD MEMBER 5.00 X 0 0 0 MARY BIVENS BOARD MEMBER 5.00 X 0 0 0 LUIS MOLINA BOARD MEMBER 5.00 X 3410 0 0 JACQUELINE RODRIGUEZ BOARD MEMBER 5.00 X 1520 0 0 MINDY DAI BOARD MEMBER 5.00 X 0 0 0 XIMENA VALDARRAGO BOARD MEMBER 5.00 X 0 0 0 JOE BRASLEY BOARD MEMBER 5.00 X 0 0 0 659633 0 95997 4 0 1 0 MACKENZIE CONSTRUCTION 1701 26TH AVENUE SAN FRANCISCO CA 94122 GENERAL BUILDING CONTRACTOR 843207 KRT INC 1228-B QUARRY LANE PLEASANTON CA 94566 GENERAL BUILDING CONTRACTOR 359144 SECURITY ENGINEERS 1721 BROADWAY OAKLAND CA 94612 ELECTRICAL ENGINEERING SERVICES 223029 VALENCIA BROS CONSTRUCTION & REMODEL 21205 FOOTHILL BOULEVARD HAYWARD CA 94541 GENERAL BUILDING CONTRACTOR 200350 ACCUTEMP AIR CONDITION 158 W LINDA MESA AVE DANVILLE CA 94526 HVAC CONTRACTOR 121661 5 791681 791681 ROOM AND BOARD REVENUE 721310 7555879 7555879 APARTMENT RENTALS 721310 2704878 2704878 LATE PAYMENT FEES 721310 71379 71379 APPLICATION FEES 721310 61000 61000 MEMBERSHIP FEES 721310 57009 57009 10450145 314307 314307 279593 0 279593 279593 279593 164001 0 164001 164001 164001 MISCELLANEOUS REVENUE 900099 164395 164395 PARKING REVENUE 812930 149205 149205 313600 12313327 10450145 0 1071501 198772 198772 556062 79644 361463 114955 2407165 1772436 501849 132880 80930 72613 7121 1196 329491 234442 74188 20861 132172 84590 42295 5287 37992 37992 32320 32320 12048 12048 4111 4111 199983 149987 49996 112385 56193 50573 5619 1351671 1284087 67584 8797 4331 1444 3022 31100 27389 3711 484611 460380 24231 1771428 1700571 70857 505117 505117 FOOD 1226458 1226458 REPAIRS & MAINTENANCE 487184 462825 24359 BAD DEBT 90399 90399 BOARD EXPENSES 30984 30984 257941 170603 8980 78358 10349121 8079831 1907112 362178 4114500 4404243 40399 3983358 54198 269155 1146702 1120740 72752394 37927690 34695127 34824704 12574686 12093835 376622 300454 53002234 56996489 766442 592261 2004278 6537978 15372499 15929882 49228 122383 592730 555079 18785177 23737583 X 32268056 32378160 1949001 880746 34217057 33258906 53002234 56996489 1964206 237605 -3159962 0 X 0 1 X 1 0 X 441884 447979 1249198 664921 791681 3595663 10355169 10244787 10403025 10988029 10450145 52441155 149205 149205 10797053 10692766 11652223 11652950 11391031 56186023 0 0 0 56186023 302892 339806 504155 805839 593900 2546592 302892 339806 504155 805839 593900 2546592 242220 191891 187994 61222 164395 847722 11342165 11224463 12344372 12520011 12149326 59580337 0.94300 0.94670 0.04270 0.03880 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 935952 198772 198772 935952 935952 165597 4819 170416 935952 935952 106961 7001 113962 935952 878848 22773 142324 107993 935952 935952 103361 -46657 113808 878848 0.11000 0.89000 0.00000 0 0 1445551 1445551 67429273 34517932 32911341 3877570 3409758 467812 34824704 REFUNDABLE DEPOSITS 555079 555079 X 12550932 237605 237605 12313327 0 12313327 10349121 0 10349121 0 10349121 PART IV, LINE 2B: CERTAIN CASH ACCOUNTS ARE MAINTAINED BY THE VARIOUS HOUSES FOR TRANSACTIONS OCCURRING AT THE HOUSE LEVEL. CASH GENERALLY IS RAISED FROM HOUSE MEMBERS AND IS HELD IN BANK ACCOUNTS UNDER THE ORGANIZATION'S NAME. EXPENDITURES FROM THESE ACCOUNTS MUST ADHERE TO THE ORGANIZATION'S POLICIES AND ARE SUBJECT TO REVIEW. A CORRESPONDING LIABILITY IS INCLUDED IN THE STATEMENT OF FINANCIAL POSITION TO REFLECT THESE ASSETS ARE TO FUNDS NOT UNDER THE ORGANIZATION'S DIRECTION. PART V, LINE 4: BSC MAINTAINS ENDOWED SCHOLARSHIP FUNDS TO ENSURE THAT IT IS ABLE TO OFFER BSC MEMBERS WITH FINANCIAL NEED SCHOLARSHIPS IN PERPETUITY. PART X, LINE 2: THE ORGANIZATION HAS ADOPTED FASB ACCOUNTING STANDARD CODIFICATION (ASC) 740-10, WHICH CLARIFIES THE ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES. ASC SECTION 740-10 PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE FINANCIAL STATEMENT RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN. ASC 740-10 REQUIRES THAT AN ORGANIZATION RECOGNIZE IN THE FINANCIAL STATEMENTS THE IMPACT OF THE TAX POSITION IF THAT POSITION WILL MORE LIKELY THAN NOT BE SUSTAINED ON AUDIT, BASED ON THE TECHNICAL MERITS OF THE POSITION. AS OF AND FOR THE YEAR ENDED MAY 31, 2020, THE ORGANIZATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS, TAX PENALTIES OR INTEREST. 1 SCHOLARSHIPS FOR MEMBERS OF BSC 156 198772 PART I, LINE 2: SCHOLARSHIPS FOR INDIVIDUAL BSC MEMBERS ARE GRANTED ON THE BASIS OF UNMET FINANCIAL NEED, BASED ON INFORMATION GENERATED BY THE UNIVERSITY FINANCIAL AID OFFICE AT UC BERKELEY AND/OR OTHER BAY AREA COLLEGES/UNIVERSITIES. X X X 0 0 0 0 0 0 0 0 0 KIM BENSON EXECUTIVE DIRECTOR 194273 0 0 0 0 0 15542 0 7432 0 217247 0 0 0 A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 000000000 2018-10-01 15869099 REFUND BOND DATED 9/22/2016 0 0 0 A 868653 15869099 15869099 1 0 1 1 A 0 0 0 0 0.00000 0.00000 0.00000 0 0 1 A 0 1 0 0 1 0 0 0 1 A 1 RANDY RIVERA BOARD MEMBER 3504 RENT STIPEND SCHOLARSHIP NYSON MARIDE BOARD MEMBER 699 RENT STIPEND SCHOLARSHIP COLLIN BOS BOARD MEMBER 3354 RENT STIPEND SCHOLARSHIP RACHEL CORNEJO BOARD MEMBER 768 RENT STIPEND SCHOLARSHIP CHEROD JOHNSON BOARD MEMBER 532 RENT STIPEND SCHOLARSHIP YASSINE BEN YACOUB BOARD MEMBER 890 RENT STIPEND SCHOLARSHIP JUSTIN URIBE BOARD MEMBER 1468 RENT STIPEND SCHOLARSHIP ARI CHIVUKULA VP OF INTERNAL AFFAIRS 10376 RENT STIPEND SCHOLARSHIP ELLA SMITH BOARD MEMBER 10782 RENT STIPEND SCHOLARSHIP RICARDO GOMEZ BOARD MEMBER 2725 RENT STIPEND SCHOLARSHIP MARY BIVENS BOARD MEMBER 684 RENT STIPEND SCHOLARSHIP LUIS MOLINA BOARD MEMBER 9103 RENT STIPEND SCHOLARSHIP JACQUELINE RODRIGUEZ BOARD MEMBER 9192 RENT STIPEND SCHOLARSHIP ALEX QUINTERO VP OF CAPITAL & FINANCE 12153 RENT STIPEND SCHOLARSHIP EMERY MARTINEZ PRESIDENT 13414 RENT STIPEND SCHOLARSHIP FORM 990, PART VI, SECTION A, LINE 6 THE ORGANIZATION'S MEMBERS, AS DEFINED BY THE BYLAWS, ARE LIMITED TO ONLY FULL-TIME STUDENTS OF ANY POST-SECONDARY SCHOOL WITH CURRENT RENT AND/OR BOARDING CONTRACTS. EXCEPTIONS TO THE ABOVE MAY BE MADE BY THE ADMINISTRATIVE COMMITTEE IN ACCORDANCE WITH THE PROVISIONS OF THE ADMINISTRATIVE CODE OF THE ORGANIZATION, SUBJECT TO THE APPROVAL OF THE BOARD OF DIRECTORS. MEMBERSHIP SHALL NOT BE RESTRICTED BECAUSE OF RACE, COLOR, ETHNICITY, RELIGION, GENDER IDENTITY, NATIONAL ORIGIN, POLITICAL ADHERENCE, OR SEXUAL IDENTITY. THE FORM 990 INSTRUCTIONS ALSO DEFINE A "MEMBER" (WITHOUT REGARD TO WHAT A PERSON, INCLUDING A CORPORATION OR OTHER LEGAL ENTITY, IS CALLED IN THE GOVERNING DOCUMENTS) AS ANY PERSON WHO HAS THE POWER TO ELECT MEMBERS OF THE GOVERNING BODY. AS SUCH, THE PRESIDENT OF THE BSC ALUMNI ASSOCIATION AND THE BSC EMPLOYEE ASSOCIATION ARE ALSO CONSIDERED MEMBERS. LASTLY, THE FORM 990 INSTRUCTIONS FURTHER DEFINE A "MEMBER" (WITHOUT REGARD TO WHAT A PERSON, INCLUDING A CORPORATION OR OTHER LEGAL ENTITY, IS CALLED IN THE GOVERNING DOCUMENTS) AS ANY PERSON WHO CAN RECEIVE A SHARE OF THE ORGANIZATION'S NET ASSETS UPON DISSOLUTION. AS SUCH, THE UNIVERSITY OF CALIFORNIA IS ALSO CONSIDERED A "MEMBER". FORM 990, PART VI, SECTION A, LINE 7A THE PRESIDENT OF THE BSC ALUMNI ASSOCIATION, A SEPARATE 501(C)(3) ORGANIZATION, MAY APPOINT ONE MEMBER OF THE ALUMNI ASSOCIATION AS A DIRECTOR. THE TERM OF OFFICE OF THE ALUMNI ASSOCIATION MEMBER SHALL BE AT THE PLEASURE OF THE PRESIDENT OF THE BSC ALUMNI ASSOCIATION. IN ADDITION, THE BSC EMPLOYEE ASSOCIATION CONTRACT INCLUDES A PROVISION FOR THE DESIGNATION OF A DIRECTOR FROM AMONG MEMBERS OF THE EMPLOYEE ASSOCIATION. THE REMAINING MEMBERS OF THE BOARD OF DIRECTORS SHALL BE ELECTED BY THE MEMBERS OF THE SEVERAL UNITS. EACH UNIT SHALL ELECT ONE DIRECTOR FOR EACH SEVENTY MEMBERS, OR FRACTION THEREOF, IN THE RESIDENTIAL CAPACITY OF THE UNIT. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS PREPARED BY AN INDEPENDENT TAX ACCOUNTANT IN CONJUNCTION WITH THE ORGANIZATION'S FINANCE AND ACCOUNTING STAFF. A DRAFT FORM 990 IS THEN REVIEWED BY MANAGEMENT OF THE ORGANIZATION, AS WELL AS THE FINANCE AND ACCOUNTING STAFF; ADJUSTMENTS ARE MADE AS NECESSARY. THE FORM 990 IS THEN ELECTRONICALLY FILED WITH THE INTERNAL REVENUE SERVICE. THE FORM 990 WAS REVIEWED WITH THE CAPITAL & FINANCE COMMITTEE OF THE BOARD OF DIRECTORS AND MADE AVAILABLE TO ALL MEMBERS OF THE GOVERNING BODY AFTER FILING WITH THE INTERNAL REVENUE SERVICE. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION HAS A WRITTEN CONFLICT OF INTEREST POLICY WHICH REQUIRES IT TO MONITOR CONFLICTS OF INTEREST THROUGH A WRITTEN DISCLOSURE QUESTIONNAIRE IMPLEMENTED ANNUALLY IN THE SPRING. THE QUESTIONNAIRE IS COMPLETED BY ALL EMPLOYEES, ALL EXECUTIVE OFFICERS, AND ALL BOARD MEMBERS. THE ORGANIZATION ALSO TRAINS STAFF, BOARD MEMBERS, AND EXECUTIVES ON THE DUTY TO DISCLOSE CONFLICTS OF INTEREST AS THEY ARISE THROUGHOUT THE YEAR. THE EXECUTIVE DIRECTOR EXAMINES ANY DISCLOSURES BY STAFF OF POTENTIAL CONFLICTS OF INTEREST TO DETERMINE WHETHER AN ACTUAL CONFLICT EXISTS. THE CABINET EXAMINES ANY DISCLOSURES BY THE BOARD MEMBERS, EXECUTIVES, AND SENIOR MANAGEMENT. THE AUDIT COMMITTEE IS CHARGED WITH MAKING DECISIONS CONCERNING RESOLUTION OF CONFLICTS OF INTEREST INVOLVING DIRECTORS, EXECUTIVE OFFICERS, AND SENIOR MANAGEMENT. THE PRESIDENT IS RESPONSIBLE FOR REVIEWING DISCLOSURES AND RESOLVING CONFLICTS WITH REGARD TO THE CHAIR OF THE AUDIT COMMITTEE. IN ALL CASES, CONFLICTED INDIVIDUALS ARE NOT ALLOWED TO PARTICIPATE IN THE DECISION REGARDING A POTENTIAL TRANSACTION. FORM 990, PART VI, SECTION B, LINE 15 BSC ANNUALLY COMPARES SALARIES AND BENEFITS, INCLUDING THAT OF THE EXECUTIVE DIRECTOR AND OTHER OFFICERS/KEY EMPLOYEES, TO THOSE OF COMPARABLE NONPROFITS IN THE BAY AREA UTILIZING FAIR PAY, A NONPROFIT WAGE AND BENEFITS SURVEY. IN 2016, BSC ALSO ENGAGED A PROFESSIONAL COMPENSATION CONSULTANT TO REVIEW AND ADVISE THE BOARD ON ALL PROFESSIONAL STAFF SALARIES/WAGES. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC VIA THE ORGANIZATION'S WEBSITE (WWW.BSC.COOP) AND BY REQUEST.