ODYSSEY HOUSING DEVELOPMENT FUND CORP

EIN: 134054564 501(c)(3) Housing & Shelter

NEW YORK, NY

Total Revenue
$2,380,386
Total Expenses
$2,349,713
Total Assets
$4,679,826
Net Assets
$773,849
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
1998
Legal Domicile
NY
Principal Officer
PETER PROVET
Phone
2123611600
Tax Period
2024-07-01 to 2025-06-30

ODYSSEY HOUSING DEVELOPMENT FUND CORP, founded in 1998, is a community nonprofit in the Housing & Shelter sector that reported $2.4M in total revenue in fiscal year 2024.

Mission

THE ORGANIZATION IS A NONPROFIT AGENCY PROVIDING SUPPORTIVE PERMANENT HOUSING FOR HOMELESS SINGLE ADULTS, INCLUDING PEOPLE LIVING WITH HIV/AIDS, SUBSTANCE ABUSE, AND/OR MENTAL HEALTH CHALLENGES.

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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 (2024)

Revenue Breakdown

Contributions & Grants $1,906,498
Program Service Revenue $201,446
Investment Income $0
Other Revenue $272,442
TOTAL REVENUE $2,380,386

Expense Breakdown

Grants Paid $0
Salaries & Benefits $1,034,820
Fundraising Expenses $0
Program Expenses $2,178,582
Other Expenses $1,314,893
TOTAL EXPENSES $2,349,713

Year-over-Year Comparison

2024 2023 Change
Revenue $2,380,386 $2,261,097 +0.1%
Expenses $2,349,713 $2,134,365 +0.1%
Net Income $30,673 $126,732 -0.8%
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
3
Independent Members
N/A
Employees
45
Volunteers
N/A

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
3
$1,652,625
Total Directors
3
$1,652,625
Key Employees
0
$0
Highest Compensated
5
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
PETER PROVET PHD PRESIDENT/CEO 2.00
Officer Director
$34,219 $102,127 $632,250
DURGA VALLABHANENI SVP, CF & AO 2.00
Officer Director
$16,605 $95,204 $477,043
JOHN TAVOLACCI SVP, COO 1.00
Officer Director
$1,593 $102,107 $543,332
ALEXANDRA ARIZAGA VP, DIRECTOR OF FINANCE 3.00
Highest
$8,048 $69,385 $260,633
ISOBELLE SURFACE VP, DIR. OF COMMUNICATION 2.00
Highest
$11,372 $55,114 $312,583
JANICE GLENN VP DIR MENTAL HEALTH & HOUSING SERVICES 2.00
Highest
$14,211 $18,404 $221,341
RENAS TILI VP, DIRECTOR OF IT & TECH 1.00
Highest
$8,560 $20,163 $210,035
COLLEEN BEAGEN VP, DIR. OF HUMAN RESOURCE 1.00
Highest
$7,981 $75,121 $282,265
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
2025 $2,380,386 $2,349,713 $4,679,826 $30,673
2024 $2,261,097 $2,134,365 $4,844,119 $126,732
2023 $2,189,920 $2,132,497 $4,882,274 $57,423
2022 $2,099,299 $2,055,729 $4,913,809 $43,570
2021 $2,132,701 $2,028,905 $5,003,189 $103,796
2020 $2,075,448 $2,050,650 $5,042,701 $24,798
2019 $2,024,011 $2,058,343 $5,088,596 $-34,332
2018 $1,940,383 $1,938,395 $5,268,127 $1,988
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