BANANA KELLY COMMUNITY IMPROVEMENT ASSOCIATION INC
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
Compared with Peers
FY 2024| 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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