Berkeley Student Cooperative INC FY2023 filing

Tax-deductible

Berkeley, CA501(c)(3)Since 1934HousingEIN 94-0948140Revenue $10.5M in FY2023

On file with the IRSbsc.coop2424 Ridge Rd, 94709-1212 · Berkeley, CATax-exempt since Apr 1960Publicly supported — 509(a)(2)

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Provide a quality, low cost, Cooperative housing community to university students who otherwise might not be able to afford a university education.

501(c)(3) charity; gifts are tax-deductible.
79¢ of each $1 spent went to programs.
$593K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $1.3M a year · 11% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
79%
of spending
Looks good: 79% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$593K
to officers and key staff · 6% of spending
Looks good: pay to officers and key staff is 6% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.4 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $500
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$20.2M
33% of total assets
Looks good: liabilities are 33% of assets; 50% or less.
Pt X · Ln 26
Independent board members
10
of 25 voting members
Worth a look: 10 of 25 voting members are independent, under half.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$10.5M
-11% vs prior year
Spent
$9.2M
To programs
79%
Net assets
$41.9M
By yearFY2020–FY2025
Revenue
$10.5M
FY2023▼ -11%
Tap a bar for its year
Revenue by fiscal year
FY2020$12.3M
FY2021$10.6M
FY2022$11.7M
FY2023$10.5M
FY2024$14.4M
FY2025$11.8M
Expenses
$9.2M
FY2023▲ +12%
Tap a bar for its year
Expenses by fiscal year
FY2020$10.3M
FY2021$10.6M
FY2022$8.2M
FY2023$9.2M
FY2024$11.1M
FY2025$14.2M
Net assets
$41.9M
FY2023▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020$33.3M
FY2021$38.0M
FY2022$44.0M
FY2023$41.9M
FY2024$41.5M
FY2025$40.7M

From the FY2023 Form 990 (year ending May 2023) · figures checked against the IRS filing · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Apr 1960.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

79 cents of each dollar spent went to programs.

Program services 79% · $7.2M Management & general 17% · $1.5M Fundraising 4% · $372K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

36 people listed on the 990; $593K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2022); the FY2023 filing did not itemize Part VII
Ops Mgr / Acting E.d. Thru 6/2022
$153,749Pt VII · Sec A
Finance & Accounting Manager
$128,892Pt VII · Sec A
Accounting Supervisor
$118,270Pt VII · Sec A
Cfs Supervisor / Board Director
$95,247Pt VII · Sec A
Executive Director Start 6/2022
$92,996Pt VII · Sec A
Board Director Thru 12/2022
$3,545Pt VII · Sec A
Board Director Thru 12/2022
$0Pt VII · Sec A
Alumni Association Board Director
$0Pt VII · Sec A

Juhandryn Dessames’s $162K as Finance/Accounting Mgr (thru 2/2025) is at the 24th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Kim Benson————$168,643$194,273
Juhandryn Dessames$161,860$141,064$128,892$14,462——
David Chelsea-Seifert$158,076—————
Steven Olesen—$155,937————
Dave Chelsea-Seifert—$106,192$153,749$108,707——
Kimberly Benson———$137,985——
Martin Spindler$129,950$130,208————
Marie Lucero—————$129,975

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Berkeley Student Cooperative INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides affordable, cooperatively run housing and board to Bay Area college students, helping them access higher education through shared labor and democratic governance.

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1 program · $7.2M · in their own filed words · FY2022
01

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.

$7.2Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$500
Grants paid · 6 grants · $923K · 2019–2024
Unitemized GrantFY2024$111,377
Unitemized GrantFY2023$215,719
Unitemized GrantFY2022$100,300
Unitemized GrantFY2021$104,151
Unitemized GrantFY2020$192,243
Unitemized GrantFY2019$198,772

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$10.5M
Ln 12
Fees for servicesLn 2g$9.8M
Investment incomeLn 3$362K
Gifts and grantsLn 1h$191K
Money outPt IX
$9.2M
Ln 25
Programscol B$7.2M
Managementcol C$1.5M
Fundraisingcol D$372K
Owns and owesPt X
$41.9M
net assets · Ln 32
Cash and savingsLn 1–2$3.3M
Total assetsLn 16$62.0M
LiabilitiesLn 26$20.2M
PeoplePt VI, VII
36
listed · VII A
PaidVII A6
Voting boardVI 1a25
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$191K
Fees for servicesLn 2g$9.8M
Investment incomeLn 3$362K
Other incomeLn 4–11$142K
Total revenueLn 12$10.5M
Assets in detailPt X, end of year
CashLn 1$3.3M
Cash and savings togetherLn 1–2$3.3M
InvestmentsLn 11–13$15.4M
Land, buildings, equipmentLn 10c$39.4M
Other assetsLn 15$173K
Total assetsLn 16$62.0M
LiabilitiesLn 26$20.2M
Net assetsLn 32$41.9M
OperationsPt I, VI
EmployeesI 544
VolunteersI 61,230
Fiscal year endsHeaderMay
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$6.0M$3.3M
InvestmentsLn 11–13$13.2M$15.4M
Land, buildings, equipmentLn 10c$39.0M$39.4M
Total assetsLn 16$63.6M$62.0M
LiabilitiesLn 26$19.6M$20.2M
Net assetsLn 32$44.0M$41.9M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic individualsLn 2$100K$100K
Pay of current officers, directors and key staffLn 5$608K$426K$152K$30K
Other salaries and wagesLn 7$3.3M$2.3M$831K$166K
Pension plan contributionsLn 8$63K$44K$16K$3K
Other employee benefitsLn 9$288K$201K$72K$14K
Payroll taxesLn 10$203K$142K$51K$10K
Legal feesLn 11b$41K$41K
Other fees for servicesLn 11g$37K$37K
Advertising and promotionLn 12$825$825
Office expensesLn 13$200K$100K$90K$10K
Information technologyLn 14$95K$66K$24K$5K
OccupancyLn 16$2.5M$2.2M$124K$124K
TravelLn 17$4K$4K$219$219
Conferences, conventions and meetingsLn 19$35K$32K$2K$2K
InsuranceLn 23$93K$93K
Other expenses (24a–d)Ln 24$1.4M$1.4M$41K
All other expensesLn 24e$145K$130K$7K$7K
Total functional expensesLn 25$9.2M$7.2M$1.5M$372K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $11.8M$14.2M−$2.4M$40.7M 990 PDF
FY2024 $14.4M$11.1M$3.2M$41.5M 990 PDF
FY2023 Viewing $10.5M$9.2M$1.3M$41.9M 990 PDF
FY2022 $11.7M$8.2M$3.6M$44.0M 990 PDF
FY2021 $10.6M$10.6M−$44K$38.0M 990 PDF
FY2020 $12.3M$10.3M$2.0M$33.3M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $10,499,027 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $419,699$190,531
I-9 Program service revenuePrior year $11,209,140$9,804,863
I-10 Investment incomePrior year $0$361,692
I-11 Other revenuePrior year $112,913$141,941
I-12 Total revenuePrior year $11,741,752$10,499,027
I-13 Grants and similar amounts paidPrior year $104,151$100,300
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $3,709,949$4,485,695
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $4,338,976$4,577,960
I-18 Total expensesPrior year $8,153,076$9,163,955
I-19 Revenue less expensesPrior year $3,588,676$1,335,072
Part VI · Governance 10 of 25 board members independent, no flags
VI-1a Voting members of the governing body25
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $10,499,027 across 6 lines filed
VIII-1f All other contributions, gifts and grants$190,531
VIII-1h Total contributions, gifts and grants$190,531
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $9,804,863$9,804,863
VIII-3 Investment incomeExcluded from tax $361,692$361,692
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $141,941$141,941
VIII-12 Total revenueRelated to mission $9,804,863 · Unrelated business $0 · Excluded from tax $503,633$10,499,027
Part IX · Statement of functional expenses $9,163,955 across 17 lines filed
IX-2 Grants to domestic individualsPrograms $100,300$100,300
IX-5 Pay of current officers, directors and key staffPrograms $425,704 · Management $152,037 · Fundraising $30,407$608,148
IX-7 Other salaries and wagesPrograms $2,326,440 · Management $830,872 · Fundraising $166,175$3,323,487
IX-8 Pension plan contributionsPrograms $44,394 · Management $15,855 · Fundraising $3,171$63,420
IX-9 Other employee benefitsPrograms $201,405 · Management $71,930 · Fundraising $14,386$287,721
IX-10 Payroll taxesPrograms $142,043 · Management $50,730 · Fundraising $10,146$202,919
IX-11b Legal feesManagement $40,800$40,800
IX-11g Other fees for servicesPrograms $37,407$37,407
IX-12 Advertising and promotionPrograms $825$825
IX-13 Office expensesPrograms $99,867 · Management $89,880 · Fundraising $9,987$199,734
IX-14 Information technologyPrograms $66,477 · Management $23,742 · Fundraising $4,748$94,967
IX-16 OccupancyPrograms $2,235,841 · Management $124,213 · Fundraising $124,213$2,484,267
IX-17 TravelPrograms $3,941 · Management $219 · Fundraising $219$4,379
IX-19 Conferences, conventions and meetingsPrograms $31,699 · Management $1,761 · Fundraising $1,761$35,221
IX-23 InsuranceManagement $92,913$92,913
IX-24 Other expenses (24a–d)Programs $1,401,572 · Management $40,892$1,442,464
IX-24e All other expensesPrograms $130,484 · Management $7,250 · Fundraising $7,249$144,983
IX-25 Total functional expensesPrograms $7,248,399 · Management $1,543,094 · Fundraising $372,462$9,163,955
Part X · Balance sheet $62,005,892 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $6,038,565$3,342,509
X-4 Accounts receivableStart of year $1,295,341−$949,259
X-8 Inventories for sale or useStart of year $127,043$359,194
X-9 Prepaid expenses and deferred chargesStart of year $3,095,399$4,313,015
X-10c Land, buildings and equipment, netStart of year $38,981,243$39,411,193
X-11 Publicly traded securitiesStart of year $13,159,977$15,355,949
X-15 Other assetsStart of year $893,588$173,291
X-16 Total assetsStart of year $63,591,156$62,005,892
X-17 Accounts payable and accrued expensesStart of year $1,511,553$2,932,531
X-19 Deferred revenueStart of year $2,086,727$2,088,102
X-20 Tax-exempt bond liabilitiesStart of year $14,725,329$13,828,745
X-24 Unsecured notes and loans payableStart of year $498,500$498,500
X-25 Other liabilitiesStart of year $691,383$756,197
X-26 Total liabilitiesStart of year $19,564,720$20,155,303
X-27 Net assets without donor restrictionsStart of year $39,759,872$37,294,182
X-28 Net assets with donor restrictionsStart of year $4,266,564$4,556,407
X-32 Total net assets or fund balancesStart of year $44,026,436$41,850,589
X-33 Total liabilities and net assetsStart of year $63,591,156$62,005,892
Part XI · Reconciliation of net assets $41,850,589 net assets at year end
XI-1 Total revenue$10,499,027
XI-2 Total expenses$9,163,955
XI-3 Revenue less expenses$1,335,072
XI-4 Net assets at start of year$44,026,436
XI-5 Net unrealized gains (losses) on investments−$125,190
XI-8 Prior period adjustments−$3,385,729
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$41,850,589

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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