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Orlando Neighborhood Improvement Corporation Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 592669952 ✦ Orlando, FL ✦ Designated as a 501(c)(3)

Overview

What is Orlando Neighborhood Improvement Corporation Inc?

Orlando Neighborhood Improvement Corporation Inc (ONIC) is a nonprofit organization based in Orlando, Florida, with a location at 101 S Terry Ave, 32805. ONIC's primary focus is to provide and manage affordable housing for families in need, owning and operating 1052 units and acting as the general partner for an additional 557 units. Their mission goes beyond just housing, as they aim to empower and support residents by implementing comprehensive programs and services. ONIC fosters community development and asset building, fostering thriving, sustainable, inclusive, and affordable communities. With a total of 27 employees, ONIC's main objective is to reduce government burden, help the poor and distressed, and improve social welfare.


Official website here: www.orlandoneighborhood.org

Is Orlando Neighborhood Improvement Corporation Inc legitimate?

Orlando Neighborhood Improvement Corporation Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Orlando Neighborhood Improvement Corporation Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $391,438
Professional Fundraising Fees: $0
Other Salaries and Wages: $1,882,873

For more financial information, click here


Official website here: www.orlandoneighborhood.org

What is the mission statement of Orlando Neighborhood Improvement Corporation Inc?

The Orlando Neighborhood Improvement Corporation Inc (ONIC) strives to lessen burdens on the community and support those in need by promoting social welfare and combating deterioration. Through its primary exertion, ONIC creates thriving, sustainable, inclusive, and affordable communities. Beyond providing affordable housing, ONIC implements comprehensive programs and services to empower families and foster community. The organization's mission is to enhance housing stability and enhance the lives of those it serves. ONIC's approach includes coordinating place-based programs, ensuring a comprehensive approach to community development.


Official website here: www.orlandoneighborhood.org

Who is the CEO of Orlando Neighborhood Improvement Corporation Inc?

Alfred Arzuaga is the President of Orlando Neighborhood Improvement Corporation Inc.


Official website here: www.orlandoneighborhood.org

What is the revenue of Orlando Neighborhood Improvement Corporation Inc?

Orlando Neighborhood Improvement Corporation Inc's revenue in 2022 was $66,037,460.


Official website here: www.orlandoneighborhood.org

Who are the executives of Orlando Neighborhood Improvement Corporation Inc and what are their salaries?

The average compensation at Orlando Neighborhood Improvement Corporation Inc during 2022 was $84,234. There are 27 employees and 117 volunteers at Orlando Neighborhood Improvement Corporation Inc.

Here are 12 key members and their salaries:

    Alfred Arzuaga (President)
  • Compensation: $129,150
  • Related: $0
  • Other: $25,650

    • Victoria Scott (Vp Of Finance)
  • Compensation: $142,879
  • Related: $0
  • Other: $7,144

    • Alexis Collins (Vp Of Resident Services)
  • Compensation: $120,076
  • Related: $0
  • Other: $7,013

    • Ericka Dunlap (Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Craig Ridinger (Vice Chair) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cindy Colvin (Secretary And Treasurer) [Trustee/Director]
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Ralph Armstead (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Eddie Brown (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Derek Burke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Kim Burke (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Milton Carroll Jr (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0

    • Cathy Sterba (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0


  • Official website here: www.orlandoneighborhood.org

    Where can I find the form 990 for Orlando Neighborhood Improvement Corporation Inc?

    The Orlando Neighborhood Improvement Corporation Inc’s most recent form 990 was submitted in 2022 and can be accessed here


    Official website here: www.orlandoneighborhood.org

    Learn more at the official website: www.orlandoneighborhood.org

    Mission Statement of Orlando Neighborhood Improvement Corporation Inc

    Orlando Neighborhood Improvement Corporation Inc, or ONIC, is a nonprofit organization dedicated to making a difference in the lives of families by providing them with affordable housing and supportive services. With a mission to create thriving, sustainable, inclusive, and affordable communities, ONIC goes beyond just offering roofs and walls for its residents.

    ONIC's primary objective is to alleviate the burden on governments, aid the impoverished and distressed, and enhance social welfare. By directly operating and managing 1052 units of affordable rental housing and serving as the general partner for an additional 557 units, ONIC ensures that families have a stable place to call home.

    In line with its commitment to community development, ONIC implements a comprehensive approach that includes the coordination of place-based programs and services designed to empower and support its residents. This approach not only fosters housing stability but also encourages community building and asset development. By taking a holistic approach to addressing the needs of its residents, ONIC sets the foundation for thriving, sustainable communities.

    Impact

    This information is meant to be a general summary of Orlando Neighborhood Improvement Corporation Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




    Thursday, August 15, 2024

    Orlando Neighborhood Improvement Corporation Inc's impact in Orlando, Florida is significant. The organization directly operates 1052 units of affordable rental housing, serves as a general partner of entities that own an additional 557 units of affordable rental housing, and has owned and leased commercial retail space in an economically distressed area of the city. ONIC's multifamily affordable housing provision plays a crucial role in empowering and supporting families, enhancing their housing stability, and fostering community and asset building. By implementing a comprehensive approach that includes free place-based programs and services coordination, ONIC is working towards creating thriving, sustainable, inclusive, and affordable communities in Orlando. Their mission aligns with lessening the burden on government, relieving the poor and distressed, promoting social welfare, and combatting community deterioration. This makes ONIC a key player in addressing housing challenges and improving the overall quality of life for residents in the area.





    Financials

    This financial information is from Propublica.

    Revenue
    Expenses
    Efficiency

    Other financial information:

    This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $50,987,563
  • Program Service Revenue: $14,062,772
  • Gross Receipts: $77,990,459

    • Assets and Liabilities:
  • Total Assets: $96,561,449
  • Total Liabilities: $27,492,066
  • Net Assets: $69,069,383
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    Rental and Ancillary Income-Affordable Housing

    Revenue

    $11,247,558

    Developer & Mgmt Fees - Afford Housing

    Revenue

    $2,172,476

    Commercial Rents-Econ Development

    Revenue

    $269,512

    Housing Stability Counseling Program

    Revenue

    $171,600

    Prodigy Cultural Arts Program

    Revenue

    $126,626

    Organization Details

    Founding Year

    1985

    Principal Officer

    Alfred Arzuaga

    Main Address

    101 S Terry Ave, Orlando, FL, 32805

    NTEE Category

    Code: L20 - Housing

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