Banana Kelly Community Improvement Association Inc
- Assets
- $5.1m
- Revenue
- $2.5m
- Investments
- $0.0
- Employees
- 60
- Location
- Bronx, NY
- Founding
- 02/1980
- Data as of
- 12/2020
- EIN
- 13-2934000
Organization Overview
Banana Kelly Community Improvement Association Inc is located in Bronx, NY. The organization was established in 1980. According to its NTEE Classification (S20) the organization is classified as: Community & Neighborhood Development, under the broad grouping of Community Improvement & Capacity Building and related organizations. As of 12/2020, Banana Kelly Community Improvement Association Inc employed 60 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Banana Kelly Community Improvement Association Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2020, Banana Kelly Community Improvement Association Inc generated $2.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.6% each year. All expenses for the organization totaled $2.7m during the year ending 12/2020. While expenses have increased by 8.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2020
Describe the Organization's Mission:
Part 3 - Line 1
TO UPGRADE DETERIORATED NEIGHBORHOODS IN THE CITY OF NEW YORK AND TO ASSIST LOW INCOME RRSIDENTS OF THE CITY IN IMPROVING THEIR COMMUNITIES AND THEMSELVES
Describe the Organization's Program Activity:
Part 3 - Line 4a
SUPPORTIVE HOUSING/RENTAL ASSISTANCE PROGRAM: SERVING OVER 60 INIVIDUALS AND FAMILIES, ALL OF WHOM WERE FORMERLY HOMELESS, AND ALL OF WHOM EITHER HAVE OR HAVE A FAMILY MEMBER WHO HAS A DEVELOPMENTAL OR PHYSICAL DISABILITY. SERVICES INCLUDED OBTAINING AND RETAINING AFFORDABLE HOUSING, CAREER DEVELOPMENT, SOBRIETY MAINTENANCE SERVICES, JOB REFERRALS, AND MORE.
LOW INCOME HOUSING SUPPOT PROGRAM: SERVING OVER 1,000 FAMILIES BY PROVIDING AND ASSISTING IN THE MAINTENANCE OF AFFORDABLE HOUSING, HEALTH, EDUCATION AND OTHER SERVICES.SERVICES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Hope Burgess President & CEO | OfficerTrustee | 40 | $123,348 |
Anne Hockeberry Chief Financial Officer | OfficerTrustee | 40 | $112,396 |
Harold Derienzo President Emeritus/special Advisor | OfficerTrustee | 40 | $85,467 |
Tahica Fredericks Trustee | Trustee | 1 | $0 |
Lee Allen Trustee | Trustee | 1 | $0 |
Wanda Salaman Trustee | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,417,893 |
| Noncash contributions included in lines 1a–1f | $28,800 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,417,893 |
| Total Program Service Revenue | $1,122,422 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,540,315 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $321,211 |
| Compensation of current officers, directors, key employees. | $73,814 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $881,135 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $117,242 |
| Payroll taxes | $119,235 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $0 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $229,274 |
| Advertising and promotion | $0 |
| Office expenses | $13,200 |
| Information technology | $107,673 |
| Royalties | $0 |
| Occupancy | $29,880 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $6,515 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $11,222 |
| Insurance | $21,466 |
| All other expenses | $441,569 |
| Total functional expenses | $2,741,239 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $905,511 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $78,884 |
| Accounts receivable, net | $1,302,614 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $106,740 |
| Net Land, buildings, and equipment | $36,803 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $2,717,850 |
| Total assets | $5,148,402 |
| Accounts payable and accrued expenses | $320,281 |
| Grants payable | $160,000 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $623,215 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $5,867 |
| Total liabilities | $1,109,363 |
| Net assets without donor restrictions | $3,816,549 |
| Net assets with donor restrictions | $222,490 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $5,148,402 |
Grants Recieved
Over the last fiscal year, we have identified 4 grants that Banana Kelly Community Improvement Association Inc has recieved totaling $148,500.
| Awarding Organization | Amount |
|---|---|
Enterprise Community Partners Inc Columbia, MD PURPOSE: CAPACITY BUILDING | $100,000 |
Van Alen Institute Projects In Public Architecture Brooklyn, NY PURPOSE: REGRANTS WERE MADE TO COMMUNITY-BASED ORGANIZATIONS AS PART OF THE VAN ALEN AND URBAN DESIGN FORUM PANDEMIC EMERGENCY RESPONSE INITIATIVE, "NEIGHBORHOODS NOW." | $23,500 |
Federation Of Protestant Welfare Agencies Inc New York, NY PURPOSE: VACCINE PROGRAM OUTREACH COHORT 1- 1/2 GRANT | $20,000 |
New York Foundation New York, NY PURPOSE: TO SUPPORT GRANTEES RECOVERY FROM THE HARDSHIP AND TRAUMA THEY HAVE EXPERIENCED DURING THE PAST YEAR DUE TO THE COVID-19 PANDEMIC AND ITS IMPACTS, ONGOING VIOLENT POLICING, RACIST ATTACKS, AND MORE. | $5,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Economic Opportunity Council Of Suffolk Inc Patchogue, NY | $6,210,341 | $18,971,000 |
Usw District 10 Local 286 Welfare Trust Fund Philadelphia, PA | $8,668,111 | $17,307,586 |
Integrated Community Alternatives Network Inc Utica, NY | $14,279,832 | $19,265,883 |
Northern Manhattan Improvement Corp New York, NY | $8,451,430 | $18,004,122 |
Veterans Inc Worcester, MA | $18,236,837 | $18,440,204 |
Pennreach Allentown, NJ | $5,187,786 | $15,924,501 |
Chautauqua Opportunities Inc Dunkirk, NY | $6,065,142 | $15,802,051 |
Commission On Economic Opportunity For The Rensselaer County Area Inc Troy, NY | $18,234,515 | $14,616,169 |
Phipps Neighborhoods Inc New York, NY | $46,342,034 | $30,198,997 |
Delaware Opportunities Inc Hamden, NY | $6,012,612 | $14,102,184 |
Liberty Lutheran Housing Development Corporation State College, PA | $52,974,358 | $15,701,429 |
Painters District Council No 4 S U B Fund Cheektowaga, NY | $33,742,384 | $15,066,465 |