2025-04-15T16:00:05-05:00 2024-05-31 910189318 MOSS ADAMS LLP 101 SECOND STREET SUITE 900 SAN FRANCISCO CA 94105 990 2023-06-01 940948140 BERKELEY STUDENT COOPERATIVE INC BERK 5108481936 2424 RIDGE ROAD BERKELEY CA 94709 JOSHUA FENTON EXECUTIVE DIRECTOR 5108481936 2025-04-15 1 0 MICHAEL LUMSDEN P01262236 4159561500 2025-04-15 2023 2025-03-06 01:10:19Z JOSHUA FENTON 2424 RIDGE ROAD BERKELEY CA 94709 14398186 0 X WWW.BSC.COOP X 1934 CA TO PROVIDE A QUALITY, LOW COST, COOPERATIVE HOUSING COMMUNITY TO UNIVERSITY STUDENTS WHO OTHERWISE MIGHT NOT BE ABLE TO AFFORD A UNIVERSITY EDUCATION. 27 13 68 1110 0 0 190531 989075 9804863 12920832 361692 420667 141941 67612 10499027 14398186 100300 215719 0 0 4485695 2077853 0 0 134496 4577960 8855822 9163955 11149394 1335072 3248792 62005892 55614109 20155303 14072899 41850589 41541210 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 8289852 215719 12920832 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 1,300 STUDENT MEMBERS LIVING IN OR EATING AT OUR SEVENTEEN HOUSES AND THREE APARTMENT COOPERATIVES AROUND THE UC BERKELEY CAMPUS. EACH HOUSE IS DEMOCRATICALLY RUN, WHERE ALL MEMBERS CONTRIBUTE LABOR TO KEEP HOUSING COSTS AFFORDABLE. 8289852 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 13 0 1 68 1 0 0 0 0 0 0 0 0 0 0 0 0 X 27 13 0 0 0 0 1 1 0 1 1 0 0 0 1 1 1 1 1 1 1 0 CA X X JOSHUA FENTON 5108481936 2424 RIDGE ROAD BERKELEY CA 94709 ALEX HAMMOND EMPL ASSOC BOARD DIR / OPS SUPERVISOR 40.00 X 72713 0 3025 CYN MACIAS-GOMEZ SUMMER VP / VP OF EXTERNAL AFFAIRS 25.00 X X 1073 0 0 LIZA MAMEDOV BOARD PRESIDENT 30.00 X X 0 0 0 AMARIT BUNCHIEN BOARD VP / VP OF INTERNAL AFFAIRS 30.00 X X 0 0 0 JOSHUA RUIZ VP OF CAPITAL & FINANCE 25.00 X X 0 0 0 LEILANI VILLASENOR VP OF EXP & TRAINING THROUGH 12/2023 25.00 X X 0 0 0 HAMIDULLAH HAKIMI VP OF EXP & TRAINING 25.00 X X 0 0 0 JAMES AUSMAN ALUMNI ASSOCIATION BOARD DIRECTOR 5.00 X 0 0 0 JUSTIN ERICKSON ALUMNI ASSOCIATION BOARD DIRECTOR 5.00 X 0 0 0 MARICRUZ MONTES DE OCA-SANCHEZ BOARD DIRECTOR 5.00 X 0 0 0 HUNG YU HSUAN BOARD DIRECTOR 5.00 X 0 0 0 CELINE COTTENOIR BOARD DIRECTOR THROUGH 12/2023 5.00 X 0 0 0 OMER PORAT BOARD DIRECTOR THROUGH 8/2023 5.00 X 0 0 0 JACKSON KOHN BOARD DIRECTOR THROUGH 3/2024 5.00 X 0 0 0 MICAH CARROLL BOARD DIRECTOR 5.00 X 0 0 0 EVELYN ARROYO BOARD DIRECTOR THROUGH 12/2023 5.00 X 0 0 0 RILEY SAHAM BOARD DIRECTOR 5.00 X 0 0 0 WILL GERARDO BOARD DIRECTOR THROUGH 10/2023 5.00 X 0 0 0 SAMANTHA CRUZ BOARD DIRECTOR THROUGH 9/2023 5.00 X 0 0 0 ROBERTO GARCIA BOARD DIRECTOR THROUGH 8/2023 5.00 X 0 0 0 LUCAS WYLIE BOARD DIRECTOR 5.00 X 0 0 0 VICENTE GONZALEZ BOARD DIRECTOR 5.00 X 0 0 0 LILLY ARMSTRONG BOARD DIRECTOR 5.00 X 0 0 0 SPENCER GOLDSTEIN BOARD DIRECTOR THROUGH 12/2023 5.00 X 0 0 0 ZAIDIE LONG BOARD DIRECTOR THROUGH 8/2023 5.00 X 0 0 0 ERIK ARMAS BOARD DIRECTOR THROUGH 9/2023 5.00 X 0 0 0 JESUS RAMIREZ SILVA BOARD DIRECTOR 5.00 X 0 0 0 ASHLEY LEE BOARD DIRECTOR 5.00 X 0 0 0 IZZIE KIM BOARD DIRECTOR THROUGH 12/2023 5.00 X 0 0 0 CRISTIAN ZAMORA BOARD DIRECTOR 5.00 X 0 0 0 ANYA BRINK BOARD DIRECTOR THROUGH 12/2023 5.00 X 0 0 0 LINA JIMENEZ BOARD DIRECTOR 5.00 X 0 0 0 ALIREZA KESHMIRI BOARD DIRECTOR 5.00 X 0 0 0 GREGORY ARENA BOARD DIRECTOR 5.00 X 0 0 0 MALEA LEWIS BOARD DIRECTOR 5.00 X 0 0 0 ENNE TATISHCHEVA BOARD DIRECTOR 5.00 X 0 0 0 CHARLES CASSAR BOARD DIRECTOR 5.00 X 0 0 0 HANA LEE BOARD DIRECTOR 5.00 X 0 0 0 DEVANG KADAM BOARD DIRECTOR 5.00 X 0 0 0 ADRIAN MENESES BOARD DIRECTOR 5.00 X 0 0 0 STEVEN OLESEN EXECUTIVE DIRECTOR THROUGH 1/2024 40.00 X 155937 0 29520 JUHANDRYN DESSAMES FINANCE AND ACCOUNTING MANAGER 40.00 X 141064 0 16566 DAVE CHELSEA-SEIFERT OPS MGR / CO-INT E.D. START 2/2024 40.00 X 106192 0 40336 AMY HINES-SHAIKH CO-INT EXEC DIR START 2/2024 40.00 X 0 0 0 MARTIN SPINDLER PROJECT DIRECTOR 40.00 X 130208 0 27200 PAVIN JOHNSON MAINTENANCE DIRECTOR 40.00 X 122861 0 6682 BRANDON BUCKINGHAM SENIOR SPECIAL PROJECTS TECHNICIAN 40.00 X 116059 0 8892 ZOE WAN BOARD & EXECUTIVE ASSISTANT 40.00 X 105558 0 18204 MIGUE DUARTE CFS WAREHOUSE SUPERVISOR 40.00 X 103441 0 15813 1055106 0 166238 8 0 1 0 COUNTERFORCE INC 2537 WILLOW STREET SUITE 1 OAKLAND CA 94607 CONSTRUCTION SERVICES 1007162 CITY OF BERKELEY PO BOX 1910 BERKELEY CA 94701 GARBAGE AND RECYCLING SERVICES 237141 VALENCIA BROS CONSTRUCTION & REMODELING 21205 FOOTHILL BLVD HAYWARD CA 94541 HOUSE RENOVATION REPAIR 171690 FIDELITY ROOF COMPANY 1075 40TH STREET OAKLAND CA 94608 ROOFING RENOVATION REPAIR 168464 UPKEEP INDUSTRIES INC 1905 CONCORD BLVD 242 CONCORD CA 94520 PLUMBING AND FLOORING 109629 5 498599 490476 989075 ROOM AND BOARD REVENUE 721310 12556964 12556964 APARTMENT RENTALS 721310 321168 321168 PARKING REVENUE 721310 22000 22000 MEMBERSHIP FEES 721310 11800 11800 APPLICATION FEES 721310 8900 8900 12920832 420667 420667 MISCELLANEOUS REVENUE 721310 67612 67612 67612 14398186 12920832 0 488279 215719 215719 566425 396498 141606 28321 943976 660783 235994 47199 27228 19060 6807 1361 332259 232581 83065 16613 207965 145576 51991 10398 332778 332778 63025 63025 129032 129032 17395 17395 289816 144908 130417 14491 64091 32045 28841 3205 3251767 3089179 162588 29927 26935 1496 1496 19581 17623 979 979 398128 398128 1880350 1805136 75214 942768 942768 FOOD EXPENSE 1055688 1055688 MEMBER RESOURCES 68227 68227 TAXES & LICENSES 58919 58919 NEWSLETTER EXPENSES 45681 45681 208649 187786 10430 10433 11149394 8289852 2725046 134496 3342509 1983972 -949259 3227617 359194 623045 4313015 1294442 63671546 28694056 39411193 34977490 15355949 13261410 173291 246133 62005892 55614109 2932531 342901 2088102 2115119 13828745 10749645 51228 51228 498500 756197 814006 20155303 14072899 X 37294182 37054458 4556407 4486752 41850589 41541210 62005892 55614109 3248792 1278028 -4836199 0 X 0 1 X 1 0 X 791681 1156947 419699 190531 989075 3547933 10599350 9078796 11209140 9804863 12920832 53612981 11391031 10235743 11628839 9995394 13909907 57160914 0 0 0 57160914 593900 300219 0 361692 420667 1676478 593900 300219 361692 420667 1676478 164395 82645 112913 141941 67612 569506 12149326 10618607 11741752 10499027 14398186 59406898 0.96220 0.94310 0.02820 0.04820 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 935952 146064 215719 866297 935952 100300 100300 935952 935952 104151 104151 935952 935952 193243 193243 935952 935952 198772 198772 935952 0.11000 0.89000 0.00000 0 0 1445551 1445551 57695055 25165063 32529992 4530940 3528993 1001947 34977490 REFUNDABLE DEPOSITS 814006 814006 X 15676214 1278028 1278028 14398186 0 14398186 11149394 0 11149394 0 11149394 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, 2024, THE ORGANIZATION HAD NO MATERIAL UNRECOGNIZED TAX BENEFITS, TAX PENALTIES OR INTEREST. 1 SCHOLARSHIPS FOR MEMBERS OF BSC 157 215719 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 STEVEN OLESEN EXECUTIVE DIRECTOR THROUGH 1/2024 155937 0 0 0 0 0 0 0 29520 0 185457 0 0 0 JUHANDRYN DESSAMES FINANCE AND ACCOUNTING MANAGER 141064 0 0 0 0 0 814 0 15752 0 157630 0 0 0 MARTIN SPINDLER PROJECT DIRECTOR 130208 0 0 0 0 0 10606 0 16594 0 157408 0 0 0 A CALIFORNIA ENTERPRISE DEVELOPMENT AUTHORITY 352273601 NONEAVAIL 2018-10-01 15869099 REFUND BOND DATED 9/22/2016 0 0 0 A 5553930 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 CYN MACIAS-GOMEZ BOARD MEMBER 9937 RENT SUBSIDY ROOM & BOARD AMARIT BUNCHIEN BOARD MEMBER 9718 RENT SUBSIDY ROOM & BOARD JOSHUA RUIZ BOARD MEMBER 778 RENT SUBSIDY ROOM & BOARD LEILANI VILLASENOR BOARD MEMBER 4131 RENT SUBSIDY ROOM & BOARD HAMIDULLAH HAKIMI BOARD MEMBER 5328 RENT SUBSIDY ROOM & BOARD MARICRUZ MONTES DE OCA-SANCHEZ BOARD MEMBER 429 RENT SUBSIDY ROOM & BOARD HUNG YU HSUAN BOARD MEMBER 572 RENT SUBSIDY ROOM & BOARD JACKSON KOHN BOARD MEMBER 9135 RENT SUBSIDY ROOM & BOARD WILL GERARDO BOARD MEMBER 4990 RENT SUBSIDY ROOM & BOARD SAMANTHA CRUZ BOARD MEMBER 1078 RENT SUBSIDY ROOM & BOARD VICENTE GONZALEZ BOARD MEMBER 6263 RENT SUBSIDY ROOM & BOARD ZAIDIE LONG BOARD MEMBER 790 RENT SUBSIDY ROOM & BOARD ASHLEY LEE BOARD MEMBER 1065 RENT SUBSIDY ROOM & BOARD CRISTIAN ZAMORA BOARD MEMBER 4021 RENT SUBSIDY ROOM & BOARD ANYA BRINK BOARD MEMBER 1180 RENT SUBSIDY ROOM & BOARD ALIREZA KESHMIRI BOARD MEMBER 1756 RENT SUBSIDY ROOM & BOARD GREGORY ARENA BOARD MEMBER 2811 RENT SUBSIDY ROOM & BOARD HANA LEE BOARD MEMBER 1104 RENT SUBSIDY ROOM & BOARD DEVANG KADAM BOARD MEMBER 2426 RENT SUBSIDY ROOM & BOARD ADRIAN MENESES BOARD MEMBER 1683 RENT SUBSIDY ROOM & BOARD 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.