ORLANDO NEIGHBORHOOD IMPROVEMENT CORPORATION INC

EIN: 592669952 501(c)(3) Housing & Shelter

Orlando, FL

Total Revenue
$38,324,780
Total Expenses
$62,345,230
Total Assets
$70,388,736
Net Assets
$47,337,987
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1985
Legal Domicile
FL
Principal Officer
Alfred Arzuaga
Phone
4076481623
Tax Period
2023-10-01 to 2024-09-30

ORLANDO NEIGHBORHOOD IMPROVEMENT CORPORATION INC, founded in 1985, is a mid-sized nonprofit in the Housing & Shelter sector that reported $38.3M in total revenue in fiscal year 2023. Revenue surged 195% from the prior year, signaling strong growth momentum. Expenses of $62.3M exceeded revenue, resulting in a 63% operating deficit.

Mission

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.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $3,873,371
Program Service Revenue $10,699,082
Investment Income $23,752,327
Other Revenue $0
TOTAL REVENUE $38,324,780

Expense Breakdown

Grants Paid $51,063,750
Salaries & Benefits $2,703,775
Fundraising Expenses $250,395
Program Expenses $61,254,212
Other Expenses $8,577,705
TOTAL EXPENSES $62,345,230

Year-over-Year Comparison

2023 2022 Change
Revenue $38,324,780 $13,001,377 +1.9%
Expenses $62,345,230 $10,712,323 +4.8%
Net Income $-24,020,450 $2,289,054 -11.5%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Governance

Voting Members
9
Independent Members
9
Employees
23
Volunteers
189

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
6
$462,329
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
Alfred Arzuaga President 42
Officer
$139,966 $31,151 $171,117
Victoria Scott VP of finance 42
Officer
$148,112 $7,406 $155,518
Alexis Collins VP of Resident Services 42
Officer
$127,732 $7,962 $135,694
Ericka Dunlap Chair 1
Officer Director
$0 $0 $0
Cindy Colvin Vice Chair 1
Officer Director
$0 $0 $0
Milton Carroll Jr Secretary and Treasurer 1
Officer Director
$0 $0 $0
Ralph Armstead Director 1
Director
$0 $0 $0
Eddie Brown Director 1
Director
$0 $0 $0
Derek Burke Director 1
Director
$0 $0 $0
Kimberly Pizarro Cruz Director 1
Director
$0 $0 $0
Cathy Sterba Director 1
Director
$0 $0 $0
Craig Ridinger Director 1
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2024 $38,324,780 $62,345,230 $70,388,736 $-24,020,450
2023 $13,001,377 $10,712,323 $98,597,532 $2,289,054
2022 $66,037,460 $14,419,472 $96,561,449 $51,617,988
2021 $16,159,756 $11,436,243 $57,656,701 $4,723,513
2020 $12,607,820 $9,071,732 $41,681,585 $3,536,088
2019 $9,206,728 $8,519,663 $37,309,134 $687,065
2018 $9,705,229 $8,046,874 $35,694,067 $1,658,355
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