2017-03-06T12:07:55-07:00 2016-09-30 990 2015-10-01 300024593 ONIC-PALM GROVE GARDENS INC ONIC 4076481623 101 S Terry Ave Orlando FL 32805 Robert E Ansley Jr president 4076481623 2017-03-06 2015 2021-01-29 14:40:06Z Robert E Ansley Jr 101 S Terry Ave Orlando FL 32805 1440893 0 X X 2001 FL To foster affordable housing opportunities. 12 12 0 12 0 0 0 0 1406632 1440106 666 787 0 0 1407298 1440893 25048 12524 0 0 181248 183457 0 0 0 1217909 1208820 1424205 1404801 -16907 36092 5511405 5394074 3746770 3593347 1764635 1800727 To foster affordable housing opportunities. 0 0 1392277 0 1440106 Operation of a 142 unit apartment complex. All units are rent and income restricted. The property receives section 8 rental assistance. 12524 12524 0 Contribution to Orlando Neighborhood Improvement Corporation, a related 501(c)(3) organization, in support of its efforts to foster affordable housing opportunities. 0 0 0 1404801 1 0 0 0 0 0 0 0 1 0 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 FL X V Scott 4076481623 101 S Terry Ave Orlando FL 32805 Eddie Brown Chair 0.2 1 X X 0 0 0 Robert Mellen Vice Chair 0.2 1 X X 0 0 0 Roger Fee Treasurer 0.2 1 X X 0 0 0 Thelma Montgomery Secretary 0.2 1 X X 0 0 0 Ralph Armstead Director 0.2 1 X 0 0 0 Vernice Atkins-Bradley Director 0.2 1 X 0 0 0 William C Barr Director 0.2 1 X 0 0 0 Derek Burke Director 0.2 1 X 0 0 0 Mary Hurley Chairman 0.2 1 X 0 0 0 Fronie Jones Director 0.2 1 X 0 0 0 Aida Martin Director 0.2 1 X 0 0 0 Craig Ridinger Director 0.2 1 X 0 0 0 Robert E Ansley Jr President 1 44 X 0 128354 13443 Robert B Frincke Jr Vice President 1 44 X 0 86921 19378 0 215275 32821 0 0 0 0 0 0 HUD Section 8 HAP Payments Affordable Housing 531110 1089063 1089063 0 0 Rental revenue affordable housing 531110 336101 336101 0 0 Ancillary revenue affordable housing 531110 14942 14942 0 0 0 0 0 0 1440106 787 0 0 787 0 0 0 0 0 0 0 0 0 0 0 0 0 1440893 1440106 0 787 12524 12524 0 0 0 0 0 0 0 0 0 0 0 0 0 0 152451 152451 0 0 0 0 0 0 19393 19393 0 0 11613 11613 0 0 61131 61131 0 0 1712 1712 0 0 11800 11800 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 25741 25741 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 229613 229613 0 0 0 0 0 0 214047 214047 0 0 83743 83743 0 0 Utilities (including tenant) 319634 319634 0 0 Repairs and improvements 110435 110435 0 0 Property Maintenanc 138283 138283 0 0 Taxes & Assessments 12681 12681 0 0 1404801 1404801 0 0 X 0 0 0 0 350 350 1147479 1239217 4140 6721 41301 43698 5457558 1676821 3972454 3780737 345681 323351 5511405 5394074 114035 32301 1806 1135 2513083 2372665 26863 28707 1090983 1158539 3746770 3593347 X 1764635 1800727 0 0 0 0 1764635 1800727 5511405 5394074 36092 0 0 0 0 0 X 0 1 X 1 1 1 X X 1 Orlando Neighborhood Improvement Corp 592669952 7 1 80524 0 1 80524 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 1 X 0 626823 626823 0 4798581 1649329 3149252 0 0 0 0 0 32154 27492 4662 0 0 0 0 3780737 Unamortized loan costs 249842 Interest Reduction Reserve 42574 Utility Deposit 30935 323351 0 Due to ONIC 1158539 1158539 X 1440893 0 0 0 0 0 1440893 0 0 0 1440893 1404801 0 0 0 0 0 1404801 0 0 0 1404801 Schedule D, Part IV, Line 2b The organization maintains an escrow account for security deposits paid by tenants. Schedule D, Part X, Line 2 No provision or benefit for income taxes has been included in the accompanying financial statements since the Organization is exempt from federal and state income taxes under Section 501(c)(3) of the Internal Revenue Code. However, the Organization is subject to taxes on unrelated business income. The Organization did not have any unrelated business income during the year ended September 30, 2016. The FASB issued ASC 740-10 (formerly known as FASB Interpretation No. 48), "Accounting for Uncertainty in Income Taxes--an Interpretation of FASB No. 109." This interpretation clarifies the accounting for income taxes by prescribing the minimum standard a tax position is required to meet before being recognized in the financial statements. ASC 740-10 is effective for fiscal years beginning after December 15, 2007. The Organization has not taken any uncertain tax position that should be accounted for under ASC Section 740-10. The Organization's income tax returns are subject to review and examination by federal authorities. The Organization is not aware of any activities that would jeopardize its tax-exempt status. The Organization is not aware of any activities that are subject to tax on unrelated business income, excise or other taxes. The tax returns for the fiscal years ended from 2013 to 2015 are open to examination by federal authorities. 1 Orlando Neighborhood Improvement Corporation 101 S Terry Avenue Orlando FL 32805 592669952 501(c)(3) 12524 To support ONIC's affordable housing initiatives. 1 0 Schedule I, Part I, Line 2 All grants are made to a related organization, Orlando Neighborhood Improvement Corp, in support of its charitable mission. These grants are unrestricted and this entity does not perform any additional monitoring of the usage of these funds. Form 990, Part VI, Section B, Line 11b Form 990 was distributed to all officers and directors for review and comment prior to filing. Form 990, Part VI, Section B, Line 12c Annual disclosure forms are reviewed carefully and a listing of potentially conflicted entities and individuals is maintained. Proposed transactions are matched against the listing as a means of identifying potential conflicts. Form 990, Part VI, Section B, Line 15 This entity does not compensate any of its officers or directors. However, this entity is a supporting organization of Orlando Neighborhood Improvement Corporation (ONIC). ONIC's compensation levels are reviewed and approved annually by the Executive Committee. As part of this review, the committee reviews compensation surveys for comparable positions. Form 990, Part VI, Section C, Line 19 This entity is related to Orlando Neighborhood Improvement Corp (ONIC). ONIC's governing documents, conflict of interest policy and financial statements are posted at cffound.org, a website that is maintained by the Central Florida Foundation. This entity's financial statements are consolidated into ONIC's financial statements. Orlando Neighborhood Improvement Corp 101 S Terry Ave Orlando FL 32805 592669952 To foster increased affordable housing opportunities FL 501(c)(3) 170(b)(1)(A)(vi) N/A 0 Anvil-Richard Allen Gardens 101 S Terry Avenue Orlando FL 32805 593411351 To provide affordable housing FL 501(c)(3) 170(b)(1)(A)(vi) Orlando Neighborhood Improvement Corp 0 ONIC-Hidden Cove Inc 101 S Terry Ave Orlando FL 32805 593598686 To provide affordable housing FL 501(c)(3) 509(a)(3) Orlando Neighborhood Improvement Corp 0 Church Street Housing Partners I LLC 101 S Terry Avenue Orlando FL 32805 593672296 Real estate building and development FL N/A ONIC-Seville Place LLC 101 S Terry Ave Orlando FL 32805 453966725 real estate building and development FL N/A C ONIC-Emerald Villas Phase Two 101 S Terry Avenue Orlando FL 32805 Real estate building and development FL N/A C 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0