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
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% (Four-Star out of Four Stars)
Orlando Neighborhood Improvement Corporation Inc has achieved an impressive score of 96% from Charity Navigator, indicating a strong commitment to accountability and financial transparency. This rating is derived solely from its Accountability & Finance score. High marks in areas such as governance, independent board composition, and rigorous oversight suggest that the organization operates with integrity and effectively manages its resources.
The organization showcases a fully independent board, with 100% of its members meeting independence criteria, which bolsters its credibility. Additionally, there are no reported issues with material diversion of assets, and the presence of comprehensive policies such as conflict of interest and whistleblower protections demonstrates a robust governance framework.
While the ratings reflect exceptional financial management, specific user feedback on program effectiveness or community impact is not detailed. Nonetheless, the high percentage of program expenses indicates a strong focus on mission-driven activities, which can be seen as a positive aspect of its operations.
This AI summary has been generated from information found on Charity Navigator.
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.
Heare 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:
- Compensation: $129,150
- Related: $0
- Other: $25,650
- Compensation: $142,879
- Related: $0
- Other: $7,144
- Compensation: $120,076
- Related: $0
- Other: $7,013
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- 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?
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.
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Impact
October, 2024
Orlando Neighborhood Improvement Corporation Inc (ONIC) significantly enhances community stability and quality of life by providing access to multifamily affordable housing. By directly operating 1,052 units of affordable rental housing and managing an additional 557 units, ONIC plays a crucial role in empowering families and improving their housing security. This stability helps alleviate the stress associated with housing insecurity, allowing residents to focus on their well-being and development.
Beyond merely offering shelter, ONIC adopts a comprehensive approach to community enrichment through free place-based programs and services coordination. This holistic strategy fosters community engagement and encourages asset building among residents, creating not only homes but also vibrant, sustainable communities. By addressing the broader social and economic challenges faced by residents in economically distressed areas, ONIC actively combats community deterioration and promotes social welfare.
Through its mission, ONIC directly contributes to lessening the burden on local governments by creating thriving, inclusive environments that bolster the overall health of the community. Its impact is evident in the enhanced quality of life for residents, the stabilization of neighborhoods, and the promotion of economic opportunities within its service areas.
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.
Financials
This financial information is from Propublica.
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
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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
Phone
(407) 648-1623Principal Officer
Alfred Arzuaga
Main Address
101 S Terry Ave, Orlando, FL, 32805
Website
www.orlandoneighborhood.orgNTEE Category
Code: L200 - Housing
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