Orlando Neighborhood Improvement Corporation
Orlando Neighborhood Improvement Corporation reported $38.3 million in revenue and $62.3 million in expenses for the fiscal year ending September 30, 2024. Of every $100 it spent, $98.25 went to program services, $1.35 to management and general costs and $0.40 to fundraising. Its largest source of revenue was investment income: 62.0% of the total. The highest compensation it reported for one person was $171,117 (President). 3 people received more than $100,000 in reportable compensation. Revenue rose 204% between FY2020 and FY2024. Source: Form 990, FY2024 (3 mo.).
Where $100 of spending went
The 3-month short period ending December 31, 2024 · Form 990, Part IX, line 25 · total expenses $62MFor context, the median across 933 covered housing & shelter charities: $89.27 programs, $10.73 management, $0.00 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The 3-month short period ending December 31, 2024 · Form 990, Part VIII · total revenue $38MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2024 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 98.3% | 87.5% |
| Management & general Part IX 25(C) ÷ 25(A) | 1.3% | 10.5% |
| Fundraising Part IX 25(D) ÷ 25(A) | 0.4% | 0.0% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.06 | $0.01 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 10.1% | 17.0% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 1.7% | 1.0% |
| Program service revenue share Part VIII 2g ÷ 12 | 27.9% | 66.2% |
| Highest reported compensation Part VII-A, columns D–F | $171,117 | $300,863 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.27% | 1.57% |
| People paid over $100,000 Part VII, line 2 | 3 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.1 | 10.0 |
| Independent voting board members Part VI 1a–1b | 9 of 9 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2024 (3 mo.) · Form 990, Part III · the three largest programs by expenseONIC 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 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…
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
Highest reported compensation
FY2024 (3 mo.) · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| President Officer, 42 hrs/week | $139,966 | $0 | $31,151 | $171,117 |
| VP of finance Officer, 42 hrs/week | $148,112 | $0 | $7,406 | $155,518 |
| VP of Resident Services Officer, 42 hrs/week | $127,732 | $0 | $7,962 | $135,694 |
3 people received more than $100,000 in reportable compensation from Orlando Neighborhood Improvement Corporation (Part VII, line 2). Compensation of current officers, directors and key employees totaled $430K (Part IX, line 5).
6 filings since FY2020
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2024 (3 mo.) · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b9 · 9 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4No
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 523
- Volunteers Part I, line 6189
Largest outside contractors
FY2024 (3 mo.) · Form 990, Part VII, Section B · businesses only| Sky Light Roofing Inc Roofing Service | $425,521 |
| Royal American Management Management and bookkeeping | $367,479 |
| CCA-FL LLC Redevelopment Consulting | $332,306 |
| YDY Unique Concrete Construction Services | $248,625 |
Individuals listed as contractors are left out. 10 contractors were paid more than $100,000 in all.
Private foundation grants it received
2 private foundations reported grants to Orlando Neighborhood Improvement Corporation totaling $26,018 on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Orlando Neighborhood Improvement Corporation's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Orlando Neighborhood Improvement Corporation, you can publish a response that is linked from this page.
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Of every $100 Orlando Neighborhood Improvement Corporation spent in FY2024, $98.25 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- Oglala Lakota Housing AuthorityPine Ridge, SD · revenue $38M · programs 88.3% · 2023
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- Connecticut Foundation Solutions Indemnity CompanyAshford, CT · revenue $38M · programs 99.1% · FY2025
- Burbank Housing CorporationBurbank, CA · revenue $38M · 2025
- Eihab Human Services New JerseySpringfield Gardens, NY · revenue $38M · programs 93.2% · FY2025
All housing & shelter charities · Largest charities in Florida
Questions people ask
How much of Orlando Neighborhood Improvement Corporation's spending goes to programs?
In the fiscal year ending September 30, 2024, Orlando Neighborhood Improvement Corporation reported that 98.3% of its $62.3 million in expenses went to program services, 1.3% to management and general and 0.4% to fundraising (Form 990, Part IX).
How much does Orlando Neighborhood Improvement Corporation pay its top executive?
The largest total compensation Orlando Neighborhood Improvement Corporation reported for one person in the fiscal year ending September 30, 2024 was $171,117, for the role of President (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Orlando Neighborhood Improvement Corporation get its money?
Of $38.3 million in revenue in the fiscal year ending September 30, 2024, 10.1% came from contributions and grants (including 1.7% from government grants) and 27.9% from program service revenue (Form 990, Part VIII).
Is Orlando Neighborhood Improvement Corporation a registered charity?
The IRS lists EIN 59-2669952 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2024 (3 mo.): Form 990 for the 3-month short period ending December 31, 2024, object 202533099349302618 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202532269349302218 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202432269349301008 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202322169349300802 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202202239349301130 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202132239349300433 · read the filing
All filings for EIN 59-2669952: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.