Orlando, FL
4 risk indicators measuring financial stability and operational resilience
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Sign In — Free (10 views/day)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.
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.
ONIC directly operates 642 units of affordable rental housing and serves as the general partner of various entities which own an additional 829 units of affordable rental housing.
ONIC's Resident Services supports its residents' housing stability through three core pillars: housing stability, asset building, and community building & engagement. In FY2024, Resident Services...
ONIC's Resident Services supports its residents' housing stability through three core pillars: housing stability, asset building, and community building & engagement. In FY2024, Resident Services delivered a wide range of on-site activities across many ONIC communities, including tenant housing education, public benefits navigation, mobile food pantry distribution, financial literacy, job training, community and safety meetings, youth afterschool enrichment, access to health services, and resident leadership development. These efforts were all geared to support housing stability which resulted in 1,772 service interactions, reaching 1,804 unique individuals. Additionally, 189 volunteers contributed over 2,704 hours of service. Collectively, these activities work to keep residents stably housed and connected to resources that support housing retention and community stabilization.
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...
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.
Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency
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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)
Sign In — Free (10 views/day)| 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% |
Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics
Financial Distress Indicator
Liquidity & Cash Position
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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics
Sign In| 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 |
| 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 |
Compare ORLANDO NEIGHBORHOOD IMPROVEMENT CORPORATION INC with other nonprofits in Florida and across the country.