Bonifacio Place INC

Tax-deductible

Berkeley, CA501(c)(3)Since 1999Foundations & GrantmakersEIN 94-3332432

The organization's mission is to develop and operate units of affordable housing for very low income persons with physical disabilites.

501(c)(3) charity; gifts are tax-deductible.
94¢ of each $1 spent went to programs.
Run by 9 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 5
filings with a surplus
Average deficit $68K a year · 39% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
94%
of spending
Looks good: 94% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
1 mo
of spending, in cash
Fine: 1.0 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.6M
145% of total assets
Concern: liabilities are 145% of assets; over 80%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$219K
+11% vs prior year
Spent
$265K
To programs
94%
Net assets
−$508K
By yearFY2020–FY2024
Revenue
$219K
FY2024▲ +11%
Revenue by fiscal year
FY2020$167K
FY2021$150K
FY2022$165K
FY2023$181K
FY2024$198K
FY2024$219K
Expenses
$265K
FY2024-0.4%
Expenses by fiscal year
FY2020$207K
FY2021$225K
FY2022$244K
FY2023$258K
FY2024$266K
FY2024$265K
Net assets
−$508K
FY2024▼ -10%
Net assets by fiscal year
FY2020−$163K
FY2021−$238K
FY2022−$317K
FY2023−$395K
FY2024−$462K
FY2024−$508K

From the FY2024 Form 990 · see the original

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Sep 1999.

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

Where the money goes

94 cents of each dollar spent went to programs.

Program services 94% · $249K Management & general 6% · $16K

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

Who runs it and what they're paid

11 people listed on the 990.

Part VII, Section A · reportable compensation
President
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
See Bonifacio Place 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

Develops and manages affordable housing for low-income individuals and families.

Provided by the organization

This section is blank until Bonifacio Place INC claims this page.

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1 program service account for $249K of program spending, described in the organization's own filed words · FY2024.
01

The tax exempt purpose is to develop and operate units of affordable housing for very low income persons with physical disabilites.

$249Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$219K
Ln 12
Gifts and grantsLn 1h$150K
Fees for servicesLn 2g$69K
Investment incomeLn 3$50
Money outPt IX
$265K
Ln 25
Programscol B$249K
Managementcol C$16K
Owns and owesPt X
−$508K
net assets · Ln 32
Cash and savingsLn 1–2$23K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.6M
PeoplePt VI, VII
11
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$150K
Government grantsLn 1e$150K
Fees for servicesLn 2g$69K
Investment incomeLn 3$50
Total revenueLn 12$219K
Assets in detailPt X, end of year
CashLn 1$23K
Cash and savings togetherLn 1–2$23K
Land, buildings, equipmentLn 10c$1.0M
Other assetsLn 15$101K
Total assetsLn 16$1.1M
LiabilitiesLn 26$1.6M
Net assetsLn 32−$508K
OperationsPt I, VI
EmployeesI 50
VolunteersI 69
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$1K$23K
Land, buildings, equipmentLn 10c$1.0M$1.0M
Total assetsLn 16$1.2M$1.1M
LiabilitiesLn 26$1.6M$1.6M
Net assetsLn 32−$462K−$508K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$42K$42K
Other employee benefitsLn 9$5K$5K
Payroll taxesLn 10$2K$2K
Management feesLn 11a$11K$11K
Accounting feesLn 11c$16K$16K
Advertising and promotionLn 12$98$98
Office expensesLn 13$8K$8K
InterestLn 20$28K$28K
Depreciation, depletion and amortizationLn 22$46K$46K
InsuranceLn 23$16K$16K
Other expenses (24a–d)Ln 24$71K$71K
All other expensesLn 24e$20K$20K
Total functional expensesLn 25$265K$249K$16K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $198K$266K−$68K−$462K 990 PDF
FY2023 $181K$258K−$78K−$395K 990 PDF
FY2022 $165K$244K−$79K−$317K 990 PDF
FY2021 $150K$225K−$75K−$238K 990 PDF
FY2020 $167K$207K−$40K−$163K 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 FY2024 990 (4 parts)
Part VIII · Statement of revenue $218,947 across 5 lines filed
VIII-1e Government grants$149,711
VIII-1h Total contributions, gifts and grants$149,711
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $69,186$69,186
VIII-3 Investment incomeExcluded from tax $50$50
VIII-12 Total revenueRelated to mission $69,186 · Unrelated business $0 · Excluded from tax $50$218,947
Part IX · Statement of functional expenses $264,718 across 12 lines filed
IX-7 Other salaries and wagesPrograms $41,720$41,720
IX-9 Other employee benefitsPrograms $4,693$4,693
IX-10 Payroll taxesPrograms $1,860$1,860
IX-11a Management feesPrograms $10,512$10,512
IX-11c Accounting feesManagement $15,953$15,953
IX-12 Advertising and promotionPrograms $98$98
IX-13 Office expensesPrograms $8,124$8,124
IX-20 InterestPrograms $27,879$27,879
IX-22 Depreciation, depletion and amortizationPrograms $45,883$45,883
IX-23 InsurancePrograms $16,349$16,349
IX-24 Other expenses (24a–d)Programs $71,160$71,160
IX-24e All other expensesPrograms $20,487$20,487
IX-25 Total functional expensesPrograms $248,765 · Management $15,953 · Fundraising $0$264,718
Part X · Balance sheet $1,127,309 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $1,395$22,917
X-4 Accounts receivableStart of year $228$112
X-9 Prepaid expenses and deferred chargesStart of year $2,195$2,913
X-10c Land, buildings and equipment, netStart of year $1,046,648$1,000,765
X-15 Other assetsStart of year $109,515$100,602
X-16 Total assetsStart of year $1,159,981$1,127,309
X-17 Accounts payable and accrued expensesStart of year $22,566$8,037
X-25 Other liabilitiesStart of year $670,289$698,169
X-26 Total liabilitiesStart of year $1,622,407$1,635,506
X-27 Net assets without donor restrictionsStart of year −$462,426−$508,197
X-32 Total net assets or fund balancesStart of year −$462,426−$508,197
X-33 Total liabilities and net assetsStart of year $1,159,981$1,127,309
Part XI · Reconciliation of net assets −$508,197 net assets at year end
XI-1 Total revenue$218,947
XI-2 Total expenses$264,718
XI-3 Revenue less expenses−$45,771
XI-4 Net assets at start of year−$462,426
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$508,197

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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