Charity Search / BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION INC
Community Improvement (S200) IRS Verified DX Registered 990 on File

BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION INC

EIN: 13-2934000 · BRONX, NY 10459-3927 · United States · FY 2024 Data
3 out of 5 56 / 100 Based on 2+ years of filings
Financial strength (30%) 84/100
Reliability (20%) 55/100
Effectiveness (25%) 78/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Mission Statement

Banana Kelly is a nonprofit community development corporation located in the South Bronx. We provide direct services to approximately 5,000 residents annually and also provide support services to the community at large. We empower residents by providing vocational, educational, and cultural programs that assist in the retention of affordable housing accommodations and foster self-sufficiency and collective capacity through self-help, mutual aid, and cooperation. Historically, our primary catchment area has been the Hunts Point/Longwood neighborhood (Bronx Community District 2), but we have worked and continue to work throughout Community Districts 1 through 4 (Mott Haven, West Concourse, and Morrisania) and recently branched into other boroughs. Since our inception in 1977 we have weatherized over 8,000 housing units and renovated and preserved over 2,400 units, some 1,240 of which are still under our administration. Our work over the past 40 years has not focused solely on housing; we have also established programs to assist small businesses, operated construction training programs for youth, developed the first urban dormitory for homeless high school students, operated ESL programs, and much more. Our job is to advocate for South Bronx residents who live in some of the country's poorest census tracks.

Financial Overview — FY 2024
$3.3M
Total Revenue
$3.6M
Total Expenses
$2.0M
Net Assets
65
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 74.1%
Fundraising Efficiency N/A
Operating Reserve 6.82x
Liability-to-Asset 31.8%
Revenue Diversification 55.2%
Executive Compensation $1.4M
Compared with Peers
FY 2024
Compared with 1,629 similar organizations (United States, Community Improvement, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
74.1% 85.2%
P10P90
Bottom quarter
Admin expense ratio
Management and general / total expenses · lower is better
26.0% 11.8%
P10P90
Bottom quarter
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.1%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
6.8 mo 9.7 mo
P10P90
Below median
Liabilities to assets
Total liabilities / total assets · lower is better
31.8% 21.3%
P10P90
Below median
Revenue concentration
Share of revenue from the largest source · lower is better
55.2% 90.7%
P10P90
Top quarter
Revenue growth
Year over year revenue growth
-2.2% 8.9%
P10P90
Expense growth
Year over year expense growth
7.4% 10.2%
P10P90
Surplus margin
Surplus as a share of revenue
-6.8% 1.7%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $3.3M $3.6M $2.0M 74.1% 65
2023 $3.4M $3.3M $2.6M 80.3% 62
2022 $3.1M $3.3M $2.0M 82.5% 75
2021 $2.7M $4.3M $2.2M 74.9% 61
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Organization Details
EIN
13-2934000
State
NY
City
BRONX
ZIP
10459-3927
Classification
S200
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
IRS Ruling Year
1979
Foundation Code
15
Form 990
On File
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