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Nonprofiteer
← BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION INC

Form 990 for tax year 2024

Filed by BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION INC.

Totals

Total revenue
$3,346,164
Total expenses
$3,573,804
Contributions and grants received
$1,847,597
Grants paid
$0
Program service revenue
$870,559
Investment income
$0
Other revenue
$628,008
Total assets, end of year
$2,978,291
Total liabilities, end of year
$947,849
Net assets or fund balances, end of year
$2,030,442
Program services expenses (Part IX)
$2,646,314
Management and general expenses
$927,490
Fundraising expenses
$0
Program service expenses (Part III)
$2,646,314

Program services were 74.0% 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)

    $1,454,082

  • 1f · All other contributions, gifts and grants

    $393,515

  • 1g · Noncash contributions included above

    $28,800

  • 2a · Program service revenue: RENTAL INCOME

    total $9,131 · related or exempt $9,131

  • 2b · Program service revenue: RENTAL INCOME CELLTOWER

    total $77,760 · related or exempt $77,760

  • 2c · Program service revenue: MONITORING AND MGMT FEE

    total $783,668 · related or exempt $783,668

  • 8c · Net income from fundraising events

    total $0

  • 11a · Other revenue: EMPLOYEE RETENTION CRED

    total $553,186 · related or exempt $553,186

  • 11b · Other revenue: INSURANCE REFUNDS

    total $60,110 · related or exempt $60,110

  • 11c · Other revenue: OTHER MISC CHARGES

    total $14,712 · related or exempt $14,712

  • 11e · Other revenue, total

    $628,008

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $1,409,774 · program services $1,207,806 · management and general $201,968

  • 7 · Other salaries and wages

    total $229,499 · program services $196,620 · management and general $32,879

  • 9 · Other employee benefits

    total $49,872 · program services $42,727 · management and general $7,145

  • 10 · Payroll taxes

    total $306,357 · program services $262,468 · management and general $43,889

  • 11a · Fees: management

    total $194,440 · program services $166,584 · management and general $27,856

  • 11b · Fees: legal

    total $124,777 · program services $49,179 · management and general $75,598

  • 11c · Fees: accounting

    total $123,810 · program services $106,073 · management and general $17,737

  • 11g · Fees: other

    total $19,041 · program services $16,313 · management and general $2,728

  • 12 · Advertising and promotion

    total $15,077 · management and general $15,077

  • 13 · Office expenses

    total $88,479 · program services $75,803 · management and general $12,676

  • 14 · Information technology

    total $141,070 · program services $120,860 · management and general $20,210

  • 16 · Occupancy

    total $333,305 · program services $285,555 · management and general $47,750

  • 17 · Travel

    total $3,474 · program services $2,976 · management and general $498

  • 19 · Conferences, conventions and meetings

    total $12,586 · program services $10,783 · management and general $1,803

  • 20 · Interest

    total $13,135 · management and general $13,135

  • 22 · Depreciation, depletion and amortization

    total $15,397 · management and general $15,397

  • 23 · Insurance

    total $15,049 · program services $12,892 · management and general $2,157

  • 24a · Other expenses: BAD DEBT EXPENSE

    total $373,992 · management and general $373,992

  • 24b · Other expenses: OFFICE SUPPLIES

    total $22,420 · program services $19,208 · management and general $3,212

  • 24c · Other expenses: REPAIRS AND MAINTENANCE

    total $25,520 · program services $21,864 · management and general $3,656

  • 24d · Other expenses: EQUIPMENT RENAL

    total $17,474 · program services $14,971 · management and general $2,503

  • 24e · All other expenses

    total $39,256 · program services $33,632 · management and general $5,624

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $39,358 · end of year $98,082

  • 3 · Pledges and grants receivable

    beginning of year $942,368 · end of year $876,013

  • 4 · Accounts receivable

    beginning of year $1,374,765 · end of year $1,211,750

  • 9 · Prepaid expenses and deferred charges

    beginning of year $7,976 · end of year $25,678

  • 10a · Land, buildings and equipment: cost or other basis

    $286,562

  • 10b · Land, buildings and equipment: accumulated depreciation

    $214,889

  • 10c · Land, buildings and equipment, net

    beginning of year $87,070 · end of year $71,673

  • 15 · Other assets

    beginning of year $1,008,227 · end of year $695,095

  • 17 · Accounts payable and accrued expenses

    beginning of year $396,708 · end of year $436,162

  • 18 · Grants payable

    beginning of year $40,000

  • 23 · Secured mortgages and notes payable

    beginning of year $450,985 · end of year $464,121

  • 25 · Other liabilities

    beginning of year $5,192 · end of year $47,566

  • 27 · Net assets without donor restrictions

    beginning of year $2,566,879 · end of year $1,930,442

  • 28 · Net assets with donor restrictions

    end of year $100,000

Mission and programs · 2024

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 $2,488,712 · Revenue $2,602,465

  • 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 $157,602 · Revenue $86,891

As filed on the 2024 return.

Listed in Part VII

  • HOPE BURGESS

    PRESIDENT AND CEO

    Total calculated
    $164,903
    From this org
    $164,903
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $164,903
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported
    Nontaxable benefits
    not reported
    Filer's total
    $164,903

  • ALYAH HORSFORD-SIDBERRY

    DIRECTOR OF DEVELOPMENT

    Total calculated
    $115,471
    From this org
    $115,471
    From related orgs
    $0
    Other
    $0
    Hours/week
    0

  • BRIAN SAHD

    CHIEF FINANCIAL OFFICER

    Total calculated
    $95,737
    From this org
    $95,737
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • HAROLD DERIENZO

    PRESIDENT EMERITUS

    Total calculated
    $93,240
    From this org
    $93,240
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • REV THEODORA BROOKS

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1

  • JANICE SINGLETON

    TREASURER

    Total calculated
    $0
    Hours/week
    1

  • EDNA LINDQUIST

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WANDA SALAMAN

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • WANDA SWINNEY

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • LYNNETTE VERGES

    MEMBER

    Total calculated
    $0
    Hours/week
    1

  • KELLY WOOD

    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.

Provenance

Return type
form_990
Tax year
2024
Filed
11 November 2025
IRS schema version
2024v5.2
Source object
202513189349312756

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