Orlando Neighborhood Improvement Corporation Inc
- Assets
- $98.6m
- Revenue
- $13.0m
- Investments
- $0.0
- Employees
- 26
- Location
- Orlando, FL
- Founding
- 11/1986
- Data as of
- 09/2023
- EIN
- 59-2669952
Organization Overview
Orlando Neighborhood Improvement Corporation Inc is located in Orlando, FL. The organization was established in 1986. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2023, Orlando Neighborhood Improvement Corporation Inc employed 26 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Orlando Neighborhood Improvement Corporation Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 09/2023, Orlando Neighborhood Improvement Corporation Inc generated $13.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 8.3% each year. All expenses for the organization totaled $10.7m during the year ending 09/2023. While expenses have increased by 6.5% per year over the past 8 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
ONIC LEVERAGES ITS PROVISION OF MULTIFAMILY AFFORDABLE HOUSING TO EMPOWER AND SUPPORT FAMILIES, ENHANCING THEIR HOUSING STABILITY WHILE FOSTERING COMMUNITY AND ASSET BUILDING. IN ADDITION TO PROVIDING ROOFS AND WALLS, ONIC IMPLEMENTS A COMPREHENSIVE APPROACH THAT INCLUDES FREE PLACE-BASED PROGRAMS AND SERVICES COORDINATION. ONIC'S MISSION IS TO CREATE THRIVING, SUSTAINABLE, INCLUSIVE, AND AFFORDABLE COMMUNITIES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONIC DIRECTLY OPERATES 786 UNITS OF AFFORDABLE RENTAL HOUSING, AND SERVES AS GENERAL PARTNER OF ENTITIES WHICH OWNS AN ADDITIONAL 557 UNITS OF AFFORDABLE RENTAL HOUSING IN AN ECONOMICALLY DISTRESSED AREA OF ORLANDO.
ONIC'S RESIDENT SERVICES (RS) PROGRAM IS COMMITTED TO IMPROVING THE QUALITY OF LIFE FOR RESIDENTS THROUGH A BROAD RANGE OF SERVICES CENTERED ON THREE CORE PILLARS: HOUSING STABILITY, COMMUNITY ENGAGEMENT, AND ASSET BUILDING. DURING THE 2023 FISCAL YEAR, RS PROVIDED ESSENTIAL SUPPORT, INCLUDING RENTAL AND EMERGENCY ASSISTANCE, UNEMPLOYMENT BENEFITS, FOOD DELIVERY, AND ACCESS TO HEALTH SERVICES. THE PROGRAM ALSO ORGANIZED COMMUNITY ACTIVITIES TO COMBAT THE LINGERING EFFECTS OF ISOLATION THAT PERSISTED EVEN AS THE PANDEMIC RECEDED. THROUGHOUT THE YEAR, RS ENGAGED IN 1,311 INTERACTIONS WITH 11,564 PARTICIPANTS, OF WHICH 2,325 WERE UNIQUE INDIVIDUALS. THE PROGRAM ALSO BENEFITED FROM 2,487 HOURS OF VOLUNTEER SERVICE PROVIDED BY 199 UNIQUE VOLUNTEERS. WHILE THE PANDEMIC'S IMPACT DIMINISHED, RS SERVICES REMAINED CRUCIAL IN ADDRESSING BOTH THE ONGOING EFFECTS OF THE PANDEMIC AND THE EVOLVING NEEDS OF THE ONIC COMMUNITY.
ONIC IS AN AWARD WINNING LEADER IN BUILDING AND OPERATING HIGH QUALITY AFFORDABLE RENTAL HOMES IN CENTRAL FLORIDA. SINCE 1989, ONIC HAS PARTICIPATED (AS DEVELOPER OR PARTNER) IN 24 COMMUNITIES IN CENTRAL FLORIDA, REPRESENTING 2856 RESIDENTIAL UNITS. DURING THE REPORTING PERIOD, ONIC CONTINUED EFFORTS ASSOCIATED WITH THE DEVELOPMENT OF TWO AFFORDABLE HOUSING PROPERTIES.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Alfred Arzuaga President | Officer | 42 | $138,711 |
Victoria Scott VP Of Finance | Officer | 42 | $145,739 |
Alexis Collins VP Of Resident Services | Officer | 42 | $126,469 |
Ericka Dunlap Chair | OfficerTrustee | 1 | $0 |
Cindy Colvin Vice Chair | OfficerTrustee | 1 | $0 |
Milton Carroll Jr Secretary And Treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Boulevard Contractors Corp Construction Services | 9/29/23 | $369,840 |
Royal American Management Management And Bookkeeping | 9/29/23 | $338,774 |
Ydy Unique Concrete Construction Services | 9/29/23 | $262,865 |
Jnl Roofing Inc Roofing Services | 9/29/23 | $239,502 |
Osgs Security Llc Courtesy Patrol Services | 9/29/23 | $167,394 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,070 |
| Government grants | $233,073 |
| All other contributions, gifts, grants, and similar amounts not included above | $548,492 |
| Noncash contributions included in lines 1a–1f | $233,073 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $782,635 |
| Total Program Service Revenue | $9,378,015 |
| Investment income | $2,769,265 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $71,462 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,001,377 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $16,606 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $424,742 |
| Compensation of current officers, directors, key employees. | $146,697 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,666,131 |
| Pension plan accruals and contributions | $59,654 |
| Other employee benefits | $198,980 |
| Payroll taxes | $219,434 |
| Fees for services: Management | $372,858 |
| Fees for services: Legal | $30,890 |
| Fees for services: Accounting | $21,836 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $145,096 |
| Advertising and promotion | $31,091 |
| Office expenses | $35,327 |
| Information technology | $29,513 |
| Royalties | $0 |
| Occupancy | $33,853 |
| Travel | $25,470 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,098,843 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,040,660 |
| Insurance | $1,583,523 |
| All other expenses | $71,899 |
| Total functional expenses | $10,712,323 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $64,733,187 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $358,695 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,021,311 |
| Net Land, buildings, and equipment | $21,973,689 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $9,591,866 |
| Intangible assets | $0 |
| Other assets | $918,784 |
| Total assets | $98,597,532 |
| Accounts payable and accrued expenses | $1,660,677 |
| Grants payable | $0 |
| Deferred revenue | $140,005 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $184,615 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $25,253,798 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $27,239,095 |
| Net assets without donor restrictions | $70,934,648 |
| Net assets with donor restrictions | $423,789 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $98,597,532 |