BANANA KELLY COMMUNITY IMPROVEMENT… - Form 990 Financial Data

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1978

Legal Domicile

Tax Period

2023-01-01 to 2023-12-31

BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATIONINC, founded in 1978, is a community nonprofit in the Community Improvement sector that reported $3.4M in total revenue in fiscal year 2023. Revenue grew 9% year-over-year, indicating healthy expansion.

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

Program Service Accomplishments

Program 1

Expenses: $2,519,018 Revenue: $3,203,112

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.

Program 2

Expenses: $153,072 Revenue: $106,407

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,233,169

Program Service Revenue $1,187,885

Investment Income $0

Other Revenue $0

TOTAL REVENUE $3,421,054

Expense Breakdown

Grants Paid $0

Salaries & Benefits $1,746,702

Fundraising Expenses $0

Program Expenses $2,672,090

Other Expenses $1,580,484

TOTAL EXPENSES $3,327,186

Year-over-Year Comparison

	2023	2022	Change
Revenue	$3,421,054	$3,133,122	+0.1%
Expenses	$3,327,186	$3,309,296	+0.0%
Net Income	$93,868	$-176,174	-1.5%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

Volunteers

N/A

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$350,667

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
HOPE BURGESS	PRESIDENT AND CEO	40.00	Officer	$167,308	$0	$167,308
BRIAN SAHD	CHIEF FINANCIAL OFFICER	40.00	Officer	$94,635	$0	$94,635
HAROLD DERIENZO	PRESIDENT EMERITUS	40.00	Officer	$88,724	$0	$88,724
WANDA SWINNEY	MEMBER	1.00	Director	$0	$0	$0
LYNNETTE VERGES	MEMBER	1.00	Director	$0	$0	$0
KELLY WOOD	MEMBER	1.00	Director	$0	$0	$0
WANDA SALAMAN	MEMBER	1.00	Director	$0	$0	$0
LEE ALLEN	VICE CHAIRPERSON	1.00	Director	$0	$0	$0
REV THEODORA BROOKS	CHAIRPERSON	1.00	Director	$0	$0	$0
JANICE SINGLETON	TREASURER	1.00	Director	$0	$0	$0
EDNA LINDQUIST	MEMBER	1.00	Director	$0	$0	$0
SUSAN CAMERATA	MEMBER	1.00	Director	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$3,421,054	$3,327,186	$3,459,764	$93,868
2022	$3,133,122	$3,309,296	$3,086,502	$-176,174
2021	$2,703,318	$4,275,037	$3,348,339	$-1,571,719
2020	$2,540,315	$2,741,239	$5,148,402	$-200,924
2019	$3,185,550	$2,546,617	$4,872,577	$638,933
2018	$2,622,103	$2,355,890	$3,869,549	$266,213

BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATIONINC