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Onic-Hidden Cove Inc

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

EIN: 593598686 ✦ Orlando, FL ✦ Designated as a 501(c)(3)

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Overview

What is Onic-Hidden Cove Inc?

Onic-Hidden Cove Inc is a dedicated nonprofit organization situated in Orlando, Florida. Their primary objective is to contribute to the betterment of affordable housing, which they accomplish by collaborating with the Orlando Neighborhood Improvement Corp. Their practical efforts include managing a 128-unit complex that enforces rental and income limitations, ensuring affordability for its residents. Onic-Hidden Cove Inc's mission is firmly rooted in the belief that everyone deserves a secure and reasonable living space.

Is Onic-Hidden Cove Inc legitimate?

Onic-Hidden Cove Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Onic-Hidden Cove 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $161,581

For more financial information, click here

What is the mission statement of Onic-Hidden Cove Inc?

Onic-Hidden Cove Inc is committed to fulfilling its mission by supporting the provision of affordable housing. This is achieved through contributions to the Orlando Neighborhood Improvement Corp. The company operates a 128-unit housing complex, ensuring affordability for its residents by implementing rent and income restrictions. Located in Orlando, Florida, this complex is a testament to Onic-Hidden Cove Inc's dedication to making housing accessible for a broad section of the population.

Who is the CEO of Onic-Hidden Cove Inc?

Alfred Arzuaga is the President of Onic-Hidden Cove Inc.

What is the revenue of Onic-Hidden Cove Inc?

Onic-Hidden Cove Inc's revenue in 2022 was $1,328,092.

Who are the executives of Onic-Hidden Cove Inc and what are their salaries?

There 9 volunteers at Onic-Hidden Cove Inc.


Here are 12 key members and their salaries:


Alfred Arzuaga (President)
  • Compensation: $0
  • Related: $129,150
  • Other: $25,650
Victoria Scott (Vp Of Finance)
  • Compensation: $0
  • Related: $142,879
  • Other: $7,144
Alexis Collins (Vp Of Resident Services)
  • Compensation: $0
  • Related: $120,076
  • Other: $7,013
Ericka Dunlap (Chair)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cindy Colvin (Secretary / Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Craig Ridinger (Vice Chair)
  • 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
Where can I find the form 990 for Onic-Hidden Cove Inc?

Onic-Hidden Cove Inc's most recent form 990 was submitted in 2022 and can be accessed here.

Mission Statement of Onic-Hidden Cove Inc

Onic-Hidden Cove Inc, a nonprofit organization, is committed to achieving its mission of providing affordable housing. To accomplish this, Onic-Hidden Cove works in collaboration with the Orlando Neighborhood Improvement Corp. The organization operates a 128-unit complex, which is a testament to their dedication. To ensure affordability for its residents, Onic-Hidden Cove has put rent and income restrictions in place within this complex. By doing so, the nonprofit is able to make a significant contribution towards addressing the housing needs of the community. Onic-Hidden Cove's actions serve as a vital step towards promoting affordable housing, thereby contributing positively to individuals' living situations.

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Impact




October, 2024

Onic-Hidden Cove Inc is dedicated to making a significant impact in the realm of affordable housing. By operating a 128-unit complex in Orlando, Florida, the organization ensures that families in need have access to safe and affordable living options. With established rent and income restrictions, Onic-Hidden Cove provides a sustainable solution for those facing economic challenges, helping to stabilize communities and enhance the quality of life for residents. This initiative supports the broader mission of the Orlando Neighborhood Improvement Corp, contributing to the development and maintenance of housing that is both accessible and inclusive. Ultimately, Onic-Hidden Cove plays a crucial role in fostering a supportive environment where individuals and families can thrive.




This information is meant to be a general summary of Onic-Hidden Cove 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.

Revenue
$1,328,092 (2022)
Expenses
$1,365,814 (2022)
Efficiency

Other financial information:

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

  • Investment Income: $231
  • Program Service Revenue: $1,146,639
  • Gross Receipts: $1,328,092

Assets and Liabilities:

  • Total Assets: $4,258,179
  • Total Liabilities: $3,285,870
  • Net Assets: $972,309

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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

$1,146,639

Organization Details

Founding Year

1999

Principal Officer

Alfred Arzuaga

Main Address

101 South Terry Avenue, Orlando, FL, 328052254

NTEE Category

Code: L20 - Housing

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