Orlando Neighborhood Improvement Corporation Inc
- Assets
- $57.7m
- Revenue
- $16.2m
- Investments
- $0.0
- Employees
- 24
- Location
- Orlando, FL
- Founding
- 11/1986
- Data as of
- 09/2021
- 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 09/2021, Orlando Neighborhood Improvement Corporation Inc employed 24 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 09/2021, Orlando Neighborhood Improvement Corporation Inc generated $16.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 15.3% each year . All expenses for the organization totaled $11.4m during the year ending 09/2021. While expenses have increased by 10.0% 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
ONIC'S MISSION IS TO BE A LEADER IN CENTRAL FLORIDA IN PROVIDING STABLE, THRIVING COMMUNITIES OF OPPORTUNITY THROUGH QUALITY, AFFORDABLE HOUSING, WITH ENGAGED RESIDENTS IN A SERVICE-ENRICHED ENVIRONMENT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ONIC DIRECTLY OPERATES 1052 UNITS OF AFFORDABLE RENTAL HOUSING, SERVES AS GENERAL PARTNER OF ENTITIES WHICH OWNS AN ADDITIONAL 557 UNITS OF AFFORDABLE RENTAL HOUSING, AND OWNS AND LEASES COMMERCIAL RETAIL SPACE IN AN ECONOMICALLY DISTRESSED AREA OF ORLANDO.
ONIC'S RESIDENT SERVICES PROGRAM (RSP) COORDINATES A RANGE OF ENHANCED SERVICES, ACTIVITIES, AND PROGRAMS FOR OUR RESIDENTS, WITH A FOCUS ON HOUSING STABILITY AND IMPROVED QUALITY OF LIFE. DURING THE 2021 PROGRAM YEAR, THE WORK PLAN WAS DRIVEN BY THE ONGOING IMPACT OF THE PANDEMIC AND EMPHASIZED CONNECTING RESIDENTS TO COMMUNITY RESOURCES, INCLUDING RENTAL AND EMERGENCY ASSISTANCE, SNAP AND UNEMPLOYMENT BENEFITS, FOOD DELIVERY AND HEALTH SERVICES (INCLUDING ONSITE VACCINATIONS). IN ADDITION, THE RSP ORGANIZED COMMUNITY BUILDING AND ENGAGEMENT ACTIVITIES TO COMBAT PANDEMIC-ASSOCIATED ISOLATION. DURING THE YEAR, THE RSP ENGAGED IN 14,800 CONTACTS WITH 2,188 PARTICIPANTS, SUPPORTED BY 487 HOURS OF VOLUNTEER SERVICE PROVIDED BY 80 VOLUNTEERS.
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 |
|---|---|---|---|
Victoria Scott VP Of Finance | Officer | 41 | $138,593 |
Alfred Arzuaga President | Officer | 41 | $129,106 |
Alexis Collins VP Of Resident Services | Officer | 41 | $116,971 |
Robert Ansley President Emeritus | 30 | $96,937 | |
Cindy Colvin Secretary And Treasurer | OfficerTrustee | 0.4 | $0 |
Ericka Dunlap Vice Chair | OfficerTrustee | 0.4 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Rak General Contractors Inc Contracting / Construction | 9/29/21 | $982,890 |
Veterans Security Corp Courtesy Patrol Services | 9/29/21 | $243,037 |
Royal American Management Management And Bookkeeping | 9/29/21 | $310,483 |
Ydy Unique Concrete Construction Services | 9/29/21 | $260,975 |
Zen Outdoors Llc Landscape Services | 9/29/21 | $119,278 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,227 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $280,288 |
| Government grants | $800,880 |
| All other contributions, gifts, grants, and similar amounts not included above | $780,108 |
| Noncash contributions included in lines 1a–1f | $154,406 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,870,503 |
| Total Program Service Revenue | $14,005,514 |
| Investment income | $283,739 |
| 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 | $16,159,756 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $29,946 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $469,846 |
| Compensation of current officers, directors, key employees. | $177,936 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,758,687 |
| Pension plan accruals and contributions | $63,067 |
| Other employee benefits | $304,924 |
| Payroll taxes | $83,973 |
| Fees for services: Management | $442,583 |
| Fees for services: Legal | $8,198 |
| Fees for services: Accounting | $23,075 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $89,702 |
| Advertising and promotion | $77,392 |
| Office expenses | $29,941 |
| Information technology | $24,599 |
| Royalties | $0 |
| Occupancy | $69,626 |
| Travel | $21,598 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,503,693 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,080,433 |
| Insurance | $722,657 |
| All other expenses | $223,632 |
| Total functional expenses | $11,436,243 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $0 |
| Savings and temporary cash investments | $14,424,361 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $135,768 |
| 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 | $468,828 |
| Net Land, buildings, and equipment | $34,480,562 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $8,025,623 |
| Intangible assets | $0 |
| Other assets | $121,559 |
| Total assets | $57,656,701 |
| Accounts payable and accrued expenses | $886,749 |
| Grants payable | $0 |
| Deferred revenue | $1,253,841 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $335,991 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $37,728,725 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $40,205,306 |
| Net assets without donor restrictions | $16,768,053 |
| Net assets with donor restrictions | $683,342 |
| 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 | $57,656,701 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Orlando Neighborhood Improvement Corporation Inc has recieved totaling $25,015.
| Awarding Organization | Amount |
|---|---|
Bank Of America Charitable Foundation Inc Charlotte, NC PURPOSE: OPERATIONAL SUPPORT | $25,000 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $15 |
Endowment Analysis
| Beg. Balance | $5,007,608 |
| Net Contributions | $537,245 |
| Other Expense | $408,207 |
| Ending Balance | $5,136,646 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Institute For Intergovernmental Research Inc Tallahassee, FL | $7,668,279 | $34,374,531 |
Habitat For Humanity In Atlanta Inc Atlanta, GA | $81,551,003 | $20,263,546 |
Habitat For Humanity Of Lee & Hendry Counties Inc North Fort Myers, FL | $37,502,621 | $24,631,007 |
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 |