Form 990 for tax year 2023
Filed by BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION INC.
Totals
- Total revenue
- $3,421,054
- Total expenses
- $3,327,186
- Contributions and grants received
- $2,233,169
- Grants paid
- $0
- Program service revenue
- $1,187,885
- Investment income
- $0
- Other revenue
- $0
- Total assets, end of year
- $3,459,764
- Total liabilities, end of year
- $892,885
- Net assets or fund balances, end of year
- $2,566,879
- Program services expenses (Part IX)
- $2,672,090
- Management and general expenses
- $655,096
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $2,672,090
Program services were 80.3% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$2,036,971
-
1f · All other contributions, gifts and grants
$196,198
-
1g · Noncash contributions included above
$28,800
-
2a · Program service revenue: RENTAL INCOME CELLTOWER
total $106,407 · related or exempt $106,407
-
2b · Program service revenue: MONITORING AND MGMT FEE
total $1,075,564 · related or exempt $1,075,564
-
2c · Program service revenue: OTHER INCOME
total $5,914 · related or exempt $5,914
Functional expenses
Part IX, the statement of functional expenses.
-
5 · Compensation of officers, directors and key employees
total $350,667 · program services $312,512 · management and general $38,155
-
7 · Other salaries and wages
total $1,087,812 · program services $969,451 · management and general $118,361
-
9 · Other employee benefits
total $200,294 · program services $180,265 · management and general $20,029
-
10 · Payroll taxes
total $107,929 · program services $94,421 · management and general $13,508
-
11a · Fees: management
total $186,960 · program services $166,618 · management and general $20,342
-
11b · Fees: legal
total $300 · program services $267 · management and general $33
-
11c · Fees: accounting
total $323,393 · program services $288,206 · management and general $35,187
-
11g · Fees: other
total $26,676 · program services $23,773 · management and general $2,903
-
12 · Advertising and promotion
total $4,665 · management and general $4,665
-
13 · Office expenses
total $67,080 · program services $59,781 · management and general $7,299
-
14 · Information technology
total $88,632 · program services $78,988 · management and general $9,644
-
16 · Occupancy
total $370,278 · program services $329,989 · management and general $40,289
-
17 · Travel
total $3,666 · program services $3,267 · management and general $399
-
19 · Conferences, conventions and meetings
total $12,725 · program services $11,340 · management and general $1,385
-
20 · Interest
total $13,135 · management and general $13,135
-
22 · Depreciation, depletion and amortization
total $15,318 · management and general $15,318
-
23 · Insurance
total $36,464 · program services $32,496 · management and general $3,968
-
24a · Other expenses: BAD DEBT EXPENSE
total $295,744 · management and general $295,744
-
24b · Other expenses: OFFICE SUPPLIES
total $48,570 · program services $43,285 · management and general $5,285
-
24c · Other expenses: REPAIRS AND MAINTENANCE
total $62,134 · program services $55,373 · management and general $6,761
-
24d · Other expenses: EQUIPMENT RENAL
total $18,377 · program services $16,377 · management and general $2,000
-
24e · All other expenses
total $6,367 · program services $5,681 · management and general $686
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $138,547 · end of year $39,358
-
3 · Pledges and grants receivable
end of year $942,368
-
4 · Accounts receivable
beginning of year $1,033,582 · end of year $1,374,765
-
9 · Prepaid expenses and deferred charges
end of year $7,976
-
10a · Land, buildings and equipment: cost or other basis
$286,562
-
10b · Land, buildings and equipment: accumulated depreciation
$199,492
-
10c · Land, buildings and equipment, net
beginning of year $82,388 · end of year $87,070
-
15 · Other assets
beginning of year $1,831,985 · end of year $1,008,227
-
17 · Accounts payable and accrued expenses
beginning of year $566,164 · end of year $396,708
-
18 · Grants payable
beginning of year $80,000 · end of year $40,000
-
23 · Secured mortgages and notes payable
beginning of year $437,850 · end of year $450,985
-
25 · Other liabilities
beginning of year $5,192 · end of year $5,192
-
27 · Net assets without donor restrictions
beginning of year $1,974,379 · end of year $2,566,879
-
28 · Net assets with donor restrictions
beginning of year $22,917
Mission and programs · 2023
Mission
TO UPGRADE DETERIORATED NEIGHBORHOODS IN THE CITY OF NEW YORK AND TO ASSIST LOW INCOME RESIDENTS OF THE CITY IN IMPROVING THEIR COMMUNITIES AND THEMSELVES
-
LOW INCOME HOUSING SUPORT PROGRAM:SERVING OVER 1,000 FAMILIES BY PROVIDING AND ASSISTING IN THE MAINTENANCE OF AFFORDABLE HOUSING, HEALTH,EDUCATION AND OTHER SERVICES. SERVICES.
Expenses $2,519,018 · Revenue $3,203,112
-
SUPPORTIVE HOUSING RENTAL ASSISTANCE PROGRAM: SERVING OVER 60 INDIVIDUALS 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 AFFORADABLE HOUSING, CAREER DEVELOPMENT, SOBRIETY MAINTENANCE SERVICES, JOB REFERRALS, AND MORE.
Expenses $153,072 · Revenue $106,407
As filed on the 2023 return.
Listed in Part VII
-
Hope BurgessHOPE BURGESS
PRESIDENT AND CEO
- Total calculated
- $167,308
- From this org
- $167,308
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
Schedule J breakdown matched by us
- Base
- $167,308
- Bonus
- not reported
- Other
- not reported
- Deferred
- not reported
- Nontaxable benefits
- not reported
- Filer's total
- $167,308
-
Brian SahdBRIAN SAHD
CHIEF FINANCIAL OFFICER
- Total calculated
- $94,635
- From this org
- $94,635
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Harold DerienzoHAROLD DERIENZO
PRESIDENT EMERITUS
- Total calculated
- $88,724
- From this org
- $88,724
- From related orgs
- $0
- Other
- $0
- Hours/week
- 40
-
Wanda SwinneyWANDA SWINNEY
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lynnette VergesLYNNETTE VERGES
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Kelly WoodKELLY WOOD
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Wanda SalamanWANDA SALAMAN
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Lee AllenLEE ALLEN
VICE CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Rev Theodora BrooksREV THEODORA BROOKS
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Janice SingletonJANICE SINGLETON
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Edna LindquistEDNA LINDQUIST
MEMBER
- Total calculated
- $0
- Hours/week
- 1
-
Susan CamerataSUSAN CAMERATA
MEMBER
- Total calculated
- $0
- Hours/week
- 1
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.
Schedule J
Answered yes
- 3 · Compensation survey or study
Answered no
- 4a · Severance or change-of-control payment
- 4b · Supplemental nonqualified retirement plan
- 4c · Equity-based compensation arrangement
- 5a · Pay contingent on this organization's revenues
- 5b · Pay contingent on a related organization's revenues
- 6a · Pay contingent on this organization's net earnings
- 6b · Pay contingent on a related organization's net earnings
- 7 · Other non-fixed payments
- 8 · Paid under the initial-contract exception
Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.
Grants on this return
No itemized grants to organizations on this return.
Taxable family on this return
Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.
Related corporations and trusts
Part IV: related organizations taxable as a corporation or trust.
-
1244-46 WESTCHESTER AVENUE HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
783 BECK STREET HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
788 FOX STREET HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
850 LONGWOOD AVENUE HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
866 BECK STREET HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
BANANA KELLY LONGWOOD HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
BANANA KELLY PROSPECT AVENUE HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
BANANA KELLY UNION HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
MARIA & BERARDO HOUSES HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
BK SIMPSON DAWSON HDFC
C Corp · LOWN INCOME HOUSING
Directly controlled by BANANA KELLY
-
830 FOX STREET HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
824-834 E 161ST STREET HDFC
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
-
OTHER BUILDINGS
C Corp · LOW INCOME HOUSING
Directly controlled by BANANA KELLY
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 October 2024
- IRS schema version
- 2023v5.1
- Source object
- 202423199349316522
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.