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Nonprofiteer
← ONIC-HIDDEN COVE INC

Form 990 for tax year 2024

Filed by ONIC-HIDDEN COVE INC.

Totals

Total revenue
$0
Total expenses
$0
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$0
Other revenue
$0
Total assets, end of year
$9,297,367
Total liabilities, end of year
$327,101
Net assets or fund balances, end of year
$8,970,266
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$0

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.

  • 6c · Rental income or loss

    real property $0 · personal property $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $0

  • 2 · Grants to domestic individuals

    total $0

  • 3 · Grants to foreign organizations and individuals

    total $0

  • 4 · Benefits paid to or for members

    total $0

  • 5 · Compensation of officers, directors and key employees

    total $0

  • 6 · Compensation of disqualified persons

    total $0

  • 7 · Other salaries and wages

    total $0

  • 8 · Pension plan contributions

    total $0

  • 9 · Other employee benefits

    total $0

  • 10 · Payroll taxes

    total $0

  • 11a · Fees: management

    total $0

  • 11b · Fees: legal

    total $0

  • 13 · Office expenses

    total $0

  • 14 · Information technology

    total $0

  • 15 · Royalties

    total $0

  • 16 · Occupancy

    total $0

  • 17 · Travel

    total $0

  • 18 · Travel or entertainment for public officials

    total $0

  • 19 · Conferences, conventions and meetings

    total $0

  • 20 · Interest

    total $0

  • 21 · Payments to affiliates

    total $0

  • 22 · Depreciation, depletion and amortization

    total $0

  • 23 · Insurance

    total $0

  • 24e · All other expenses

    total $0

  • 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 $0

  • 4 · Accounts receivable

    beginning of year $0

  • 7 · Other notes and loans receivable

    beginning of year $9,297,367 · end of year $9,297,367

  • 9 · Prepaid expenses and deferred charges

    beginning of year $0

  • 10c · Land, buildings and equipment, net

    beginning of year $0

  • 15 · Other assets

    beginning of year $0

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,603 · end of year $1,603

  • 25 · Other liabilities

    beginning of year $325,498 · end of year $325,498

  • 27 · Net assets without donor restrictions

    beginning of year $8,970,266 · end of year $8,970,266

  • 28 · Net assets with donor restrictions

    beginning of year $0 · end of year $0

Mission and programs · 2024

Mission

To foster affordable housing opportunities

Activities or mission (Part I)

To foster affordable housing opportunities.

  • Support of Orlando Neighborhood Improvement Corp, a related 501(c)(3) organization, in support of its efforts to foster affordable housing opportunities.

As filed on the 2024 return.

Listed in Part VII

  • Alfred Arzuaga

    President

    Total calculated
    $179,832
    From this org
    $0
    From related orgs
    $147,027
    Other
    $32,805
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $147,027 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,555 related
    Nontaxable benefits
    $0 + $25,249 related
    Filer's total
    $0 + $179,831 related

  • Victoria Scott

    VP of finance

    Total calculated
    $162,319
    From this org
    $0
    From related orgs
    $154,913
    Other
    $7,406
    Hours/week
    1 + 45 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,913 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0 + $7,406 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $162,319 related

  • Alexis Collins

    VP of Resident Services

    Total calculated
    $141,626
    From this org
    $0
    From related orgs
    $133,838
    Other
    $7,788
    Hours/week
    1 + 45 related

  • Ericka Dunlap

    Chair

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Cindy Colvin

    Vice Chair

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Milton Carroll Jr

    Secretary / Treasurer

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Ralph Armstead

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Eddie Brown

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Derek Burke

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Kimberly Pizarro Cruz

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Cathy Sterba

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Craig Ridinger

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Jazmyne Dupree

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Ronald Nesbitt

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 2 related

  • Claire Raley

    Director

    Total calculated
    $0
    Hours/week
    0.3 + 2 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
This entity does not compensate any of its officers or directors. However, this entity is related to Orlando Neighborhood Improvement Corporation (ONIC). 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.

Related partnerships

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

  • 414 East Pine Street LP

    To provide affordable senior housing · FL

  • 4900 S Rio Grande Avenue LP

    To provide affordable housing · FL

  • 5465 Curry Ford LP

    To provide affordable housing · FL

  • Seville Place Preservation LLC

    To provide affordable housing · FL

Related corporations and trusts

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

  • ONIC-Seville Place LLC

    C · To provide affordable housing · FL

  • ONIC-Emerald Villas Phase Two

    C · To provide affordable housing · FL

  • ONIC-Emerald Villas Phase Three LLC

    C · To provide affordable housing · FL

  • ONIC-Cove GP LLC

    C · To provide affordable housing · FL

  • ONIC-Brook GP LLC

    C · To provide affordable housing · FL

  • ONIC-Magnolia GP LLC

    C · To provide affordable housing · FL

Provenance

Return type
form_990
Tax year
2024
Filed
23 March 2026
IRS schema version
2024v5.0
Source object
202620829349300222

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