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Nonprofiteer
← ORLANDO NEIGHBORHOOD IMPROVEMENT CORPORATION INC

Form 990 for tax year 2022

Filed by ORLANDO NEIGHBORHOOD IMPROVEMENT CORPORATION INC.

Totals

Total revenue
$13,001,377
Total expenses
$10,712,323
Contributions and grants received
$782,635
Grants paid
$16,606
Program service revenue
$9,378,015
Investment income
$2,840,727
Other revenue
$0
Total assets, end of year
$98,597,532
Total liabilities, end of year
$27,239,095
Net assets or fund balances, end of year
$71,358,437
Program services expenses (Part IX)
$9,985,383
Management and general expenses
$679,805
Fundraising expenses
$47,135
Program service expenses (Part III)
$9,985,383

Program services were 93.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $1,070

  • 1e · Government grants (contributions)

    $233,073

  • 1f · All other contributions, gifts and grants

    $548,492

  • 1g · Noncash contributions included above

    $233,073

  • 2a · Program service revenue: Rental and Ancillary Income-Affordable Housing

    total $8,810,132 · related or exempt $8,810,132 · unrelated business $0 · excluded $0

  • 2b · Program service revenue: Developer & Mgmt Fees - Afford Housing

    total $332,969 · related or exempt $332,969 · unrelated business $0 · excluded $0

  • 2c · Program service revenue: Prodigy Cultural Arts Program

    total $148,050 · related or exempt $148,050 · unrelated business $0 · excluded $0

  • 2d · Program service revenue: Housing Stability Counseling Program

    total $6,864 · related or exempt $6,864 · unrelated business $0 · excluded $0

  • 2f · All other program service revenue

    total $80,000 · related or exempt $80,000 · unrelated business $0 · excluded $0

  • 3 · Investment income

    total $2,769,265 · related or exempt $0 · unrelated business $0 · excluded $2,769,265

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $0 · personal property $0

  • 6b · Less rental expenses

    real property $0 · personal property $0

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 6d · Net rental income or loss

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 7a · Gross sales of assets other than inventory

    securities $0 · other assets $71,462

  • 7b · Less cost or other basis and sales expenses

    securities $0 · other assets $0

  • 7c · Gain or loss

    securities $0 · other assets $71,462

  • 7d · Net gain or loss

    total $71,462 · related or exempt $0 · unrelated business $0 · excluded $71,462

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0 · program services $0

  • 2 · Grants to domestic individuals

    total $16,606 · program services $16,606

  • 3 · Grants to foreign organizations and individuals

    total $0 · program services $0

  • 4 · Benefits paid to or for members

    total $0 · program services $0

  • 5 · Compensation of officers, directors and key employees

    total $424,742 · program services $254,883 · management and general $146,697 · fundraising $23,162

  • 6 · Compensation of disqualified persons

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 7 · Other salaries and wages

    total $1,666,131 · program services $1,449,716 · management and general $211,153 · fundraising $5,262

  • 8 · Pension plan contributions

    total $59,654 · program services $42,496 · management and general $15,780 · fundraising $1,378

  • 9 · Other employee benefits

    total $198,980 · program services $169,588 · management and general $28,243 · fundraising $1,149

  • 10 · Payroll taxes

    total $219,434 · program services $169,005 · management and general $46,680 · fundraising $3,749

  • 11a · Fees: management

    total $372,858 · program services $372,858 · management and general $0 · fundraising $0

  • 11b · Fees: legal

    total $30,890 · program services $23,753 · management and general $7,137 · fundraising $0

  • 11c · Fees: accounting

    total $21,836 · program services $0 · management and general $21,836 · fundraising $0

  • 11d · Fees: lobbying

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11e · Fees: professional fundraising services

    total $0 · fundraising $0

  • 11f · Fees: investment management

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 11g · Fees: other

    total $145,096 · program services $65,389 · management and general $73,988 · fundraising $5,719

  • 12 · Advertising and promotion

    total $31,091 · program services $31,091 · management and general $0 · fundraising $0

  • 13 · Office expenses

    total $35,327 · program services $12,610 · management and general $22,373 · fundraising $344

  • 14 · Information technology

    total $29,513 · program services $5,508 · management and general $24,005 · fundraising $0

  • 15 · Royalties

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 16 · Occupancy

    total $33,853 · program services $17,760 · management and general $15,640 · fundraising $453

  • 17 · Travel

    total $25,470 · program services $16,085 · management and general $7,828 · fundraising $1,557

  • 18 · Travel or entertainment for public officials

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 19 · Conferences, conventions and meetings

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 20 · Interest

    total $1,098,843 · program services $1,098,843 · management and general $0 · fundraising $0

  • 21 · Payments to affiliates

    total $0 · program services $0 · management and general $0 · fundraising $0

  • 22 · Depreciation, depletion and amortization

    total $1,040,660 · program services $1,035,501 · management and general $4,987 · fundraising $172

  • 23 · Insurance

    total $1,583,523 · program services $1,556,294 · management and general $26,001 · fundraising $1,228

  • 24a · Other expenses: Repairs & Improvements

    total $2,405,151 · program services $2,405,151 · management and general $0 · fundraising $0

  • 24b · Other expenses: Utilities

    total $772,637 · program services $768,307 · management and general $4,186 · fundraising $144

  • 24c · Other expenses: Property Admin Costs

    total $298,885 · program services $298,885 · management and general $0 · fundraising $0

  • 24d · Other expenses: Field trips, program materials, service providers

    total $129,244 · program services $116,208 · management and general $12,036 · fundraising $1,000

  • 24e · All other expenses

    total $71,899 · program services $58,846 · management and general $11,235 · fundraising $1,818

  • 26 · Joint costs (an allocation of the lines above)

    total $0 · program services $0 · management and general $0 · fundraising $0

Balance sheet

Part X, book values.

  • 2 · Savings and temporary cash investments

    beginning of year $63,205,715 · end of year $64,733,187

  • 4 · Accounts receivable

    beginning of year $417,297 · end of year $358,695

  • 9 · Prepaid expenses and deferred charges

    beginning of year $625,541 · end of year $1,021,311

  • 10a · Land, buildings and equipment: cost or other basis

    $40,639,024

  • 10b · Land, buildings and equipment: accumulated depreciation

    $18,665,335

  • 10c · Land, buildings and equipment, net

    beginning of year $22,000,897 · end of year $21,973,689

  • 13 · Investments: program-related

    beginning of year $9,596,026 · end of year $9,591,866

  • 15 · Other assets

    beginning of year $715,973 · end of year $918,784

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,737,501 · end of year $1,660,677

  • 19 · Deferred revenue

    beginning of year $162,610 · end of year $140,005

  • 21 · Escrow or custodial account liability

    beginning of year $185,984 · end of year $184,615

  • 23 · Secured mortgages and notes payable

    beginning of year $25,405,971 · end of year $25,253,798

  • 25 · Other liabilities

    beginning of year $0 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $68,620,691 · end of year $70,934,648

  • 28 · Net assets with donor restrictions

    beginning of year $448,692 · end of year $423,789

Mission and programs · 2022

Mission

ONIC's primary exempt purpose is to lessen the burden of government, relieve the poor and distressed, promote social welfare and combat community deterioration. This is achieved through the development and preservation of affordable housing, community engagement initiatives, and programs that support economic empowerment, environmental sustainability, and social equity. Our efforts are focused on enhancing the quality of life for all residents, particularly those in underserved and marginalized communities.

Activities or mission (Part I)

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.

  • 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.

    Expenses $8,815,082 · Revenue $8,810,132

  • 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.

    Expenses $867,906 · Revenue $234,914

  • 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.

    Expenses $302,395 · Revenue $332,969

As filed on the 2022 return.

Listed in Part VII

  • Alfred Arzuaga

    President

    Total calculated
    $168,812
    From this org
    $138,711
    From related orgs
    $0
    Other
    $30,101
    Hours/week
    42 + 3 related

    Schedule J breakdown matched by us

    Base
    $138,711
    Bonus
    $0
    Other
    $0
    Deferred
    $7,446
    Nontaxable benefits
    $22,655
    Filer's total
    $168,812

  • Victoria Scott

    VP of finance

    Total calculated
    $153,026
    From this org
    $145,739
    From related orgs
    $0
    Other
    $7,287
    Hours/week
    42 + 3 related

    Schedule J breakdown matched by us

    Base
    $145,739
    Bonus
    $0
    Other
    $0
    Deferred
    $7,287
    Nontaxable benefits
    $0
    Filer's total
    $153,026

  • Alexis Collins

    VP of Resident Services

    Total calculated
    $134,145
    From this org
    $126,469
    From related orgs
    $0
    Other
    $7,676
    Hours/week
    42 + 3 related

  • Ericka Dunlap

    Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cindy Colvin

    Vice Chair

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Milton Carroll Jr

    Secretary and Treasurer

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Ralph Armstead

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Eddie Brown

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Derek Burke

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Kimberly Pizarro Cruz

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Cathy Sterba

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

  • Craig Ridinger

    Director

    Total calculated
    $0
    Hours/week
    1 + 1 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

Schedule J, Part I, Line 3
ONIC's compensation levels are reviewed and approved annually by the Executive Committee. As part of this review, the committee reviews compensation surveys for comparable positions.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ONIC-Boca Club LLC

    affordable housing provider · FL · income $2,084,989 · assets $5,992,690

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-Callahan Oaks LLC

    To provide affordable housing · FL · income $456,965 · assets $894,568

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-Seville Place Developer LLC

    Develop affordable housing · FL · income $0 · assets $0

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-Forest Edge GP LLC

    To provide affordable housing · FL · income $493,671 · assets $1,415,911

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-Golden Oaks LLC

    To provide affordable housing · FL · income $1,064,871 · assets $4,893,549

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-Hollowbrook LLC

    To provide affordable housing · FL · income $1,522,287 · assets $7,452,406

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-Maitland Oaks LLC

    To provide affordable housing · FL · income $1,102,057 · assets $4,259,375

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-New Palm Grove Gardens LLC

    Affordable Housing · FL · income $2,318,686 · assets $6,894,797

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-Acquisition LLC

    affordable housing · FL · income $0 · assets $0

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-414 Parking Lot LLC

    affordable housing (parking for) · FL · income $904 · assets $0

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-EMERALD VILLAS PHASE THREE DEVELOPER LLC

    Develop affordable housing · FL · income $0 · assets $0

    Directly controlled by ORLANDO NEIGHBORHOOD IMPROVEMENT CORPORATION INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • 414 East Pine Street LP

    Related · To provide affordable senior housing · FL · 0.009% owned · share of income -$75 · share of assets $9,466,943 · general or managing partner

    Directly controlled by ONIC-Senior Affordable Housing Inc

  • 4900 S Rio Grande Avenue LP

    Related · To provide affordable housing · FL · 0.009% owned · share of income $0 · share of assets $0 · general or managing partner

    Directly controlled by ONIC-Cove GP LLC

  • 5465 Curry Ford LP

    Related · affordable housing provider · FL · 0.009% owned · share of income $0 · share of assets $0 · general or managing partner

    Directly controlled by ONIC-Brook GP LLC

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • ONIC-Seville Place LLC

    C · Affordable housing provider · FL · 100% owned · share of income $177,181 · share of assets $4,062,177 · controlled entity

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-Emerald Villas Phase Two LLC

    C · affordable housing provider · FL · 100% owned · share of income -$35 · share of assets $406 · controlled entity

    Directly controlled by Orlando Neighborhood Improvement Corp

  • ONIC-Cove GP LLC

    C · affordable housing provider · FL · 79% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by Orlando Neighborhood Improvement Corporation Inc

  • ONIC-Brook GP LLC

    C · affordable housing provider · FL · 79% owned · share of income $0 · share of assets $0 · controlled entity

    Directly controlled by Orlando Neighborhood Improvement Corporation Inc

Provenance

Return type
form_990
Tax year
2022
Filed
12 August 2024
IRS schema version
2022v5.0
Source object
202432269349301008

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