Onic-Hidden Cove Inc
- Assets
- $4.5m
- Revenue
- $1.5m
- Investments
- $0.0
- Employees
- 0
- Location
- Orlando, FL
- Founding
- 05/2000
- Data as of
- 09/2021
- EIN
- 59-3598686
Organization Overview
Onic-Hidden Cove Inc is located in Orlando, FL. The organization was established in 2000. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Onic-Hidden Cove 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 09/2021, Onic-Hidden Cove Inc generated $1.5m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 3.9% each year. All expenses for the organization totaled $1.3m during the year ending 09/2021. While expenses have increased by 2.3% per year over the past 6 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
2021
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OPERATION OF A 128 UNIT AFFORDABLE HOUSING COMPLEX. ALL 128 UNITS ARE RENT AND INCOME RESTRICTED.
CONTRIBUTION TO THE ORLANDO NEIGHBORHOOD IMPROVEMENT CORP, A RELATED 501(C)(3) ORGANIZATION, IN SUPPORT OF ITS EFFORT TO FOSTER AFFORDABLE HOUSING OPPORTUNITIES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Aida Martin Chair | OfficerTrustee | 0.2 | $0 |
Ericka Dunlap Vice Chair | OfficerTrustee | 0.2 | $0 |
Cindy Colvin Secretary / Treasurer | OfficerTrustee | 0.2 | $0 |
Ralph Armstead Director | OfficerTrustee | 0.2 | $0 |
Alfred Arzuaga President | Officer | 1 | $0 |
Victoria Scott VP Of Finance | Officer | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $169,363 |
| All other contributions, gifts, grants, and similar amounts not included above | $135,746 |
| Noncash contributions included in lines 1a–1f | $305,109 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $305,109 |
| Total Program Service Revenue | $1,150,589 |
| Investment income | $73 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $1,455,771 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $275,053 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $163,997 |
| Pension plan accruals and contributions | $3,170 |
| Other employee benefits | $25,487 |
| Payroll taxes | $12,515 |
| Fees for services: Management | $48,404 |
| Fees for services: Legal | $1,215 |
| Fees for services: Accounting | $1,168 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $9,746 |
| Office expenses | $24,898 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $216,772 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $104,735 |
| Insurance | $73,194 |
| All other expenses | $697 |
| Total functional expenses | $1,321,706 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $624,116 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $15,841 |
| 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 | $40,995 |
| Net Land, buildings, and equipment | $3,784,950 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $9,740 |
| Total assets | $4,475,642 |
| Accounts payable and accrued expenses | $13,669 |
| Grants payable | $0 |
| Deferred revenue | $104,454 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $47,244 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $3,077,064 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $223,180 |
| Total liabilities | $3,465,611 |
| Net assets without donor restrictions | $1,010,031 |
| Net assets with donor restrictions | $0 |
| 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 | $4,475,642 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Onic-Hidden Cove Inc has recieved totaling $122,349.
| Awarding Organization | Amount |
|---|---|
Florida Community Capital Corporation New Smyrna Beach, FL PURPOSE: AFFORDABLE HOUSING | $122,349 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Habitat For Humanity Of Collier County Inc Naples, FL | $122,499,137 | $30,188,706 |
I M Sulzbacher Center For The Homeless Inc Jacksonville, FL | $19,053,781 | $20,126,235 |
Housing Partnership Inc Riviera Beach, FL | $13,058,186 | $17,518,413 |
Big Canoe Property Owners Association Inc And Subsidiary Big Canoe, GA | $48,180,026 | $19,159,834 |
Opa-Locka Community Development Corporation Inc Opa Locka, FL | $85,273,967 | $19,527,204 |
Orlando Neighborhood Improvement Corporation Inc Orlando, FL | $57,656,701 | $16,159,756 |
Habitat For Humanity International Inc Tampa, FL | $16,516,073 | $18,669,195 |
Jerusalem House Inc Atlanta, GA | $4,358,598 | $7,877,090 |
Habitat For Humanity International Inc Jacksonville, FL | $26,227,920 | $12,923,898 |
Greater Birmingham Habitat For Humanity Inc Fairfield, AL | $36,123,846 | $9,151,776 |
American Opportunity Foundation Atlanta, GA | $34,585,201 | $5,667,158 |
Recovery Place Community Services Inc Savannah, GA | $2,985,458 | $7,587,530 |