ODYSSEY HOUSE INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1967

Legal Domicile

Principal Officer

PETER PROVET

Phone

2123611600

Tax Period

2024-07-01 to 2025-06-30

ODYSSEY HOUSE INC, founded in 1967, is a mid-sized nonprofit in the Mental Health sector that reported $55.0M in total revenue in fiscal year 2024. Revenue grew 20% year-over-year, indicating healthy expansion. Expenses of $52.2M left a modest 5% surplus.

Mission

THE ORGANIZATION'S MISSION IS TO PROVIDE COMPREHENSIVE AND INNOVATIVE SERVICES TO THE BROADEST RANGE OF METRO NEW YORK'S POPULATION WHO ABUSE DRUGS, ALCOHOL AND/OR HAVE MENTAL ILLNESS; TO PROVIDE HIGH-QUALITY, HOLISTIC TREATMENT IMPACTING ALL MAJOR LIFE SPHERES: PSYCHOLOGICAL, PHYSICAL, SOCIAL, FAMILY, EDUCATIONAL AND SPIRITUAL; AND TO SUPPORT PERSONAL REHABILITATION, RENEWAL AND FAMILY RESTORATION.

Program Service Accomplishments

Program 1

Expenses: $16,909,851 Revenue: $16,511,615

THE OASAS 820 RESIDENTIAL SERVICES PROGRAM PROVIDES STABILIZATION, REHABILITATION, AND REINTEGRATION SERVICES FOR INDIVIDUALS WITH SUBSTANCE USE DISORDERS. THE PROGRAM DELIVERS CLINICALLY SUPERVISED RESIDENTIAL TREATMENT, RECOVERY SUPPORT, CASE MANAGEMENT, AND CARE COORDINATION IN ACCORDANCE WITH NEW YORK STATE OASAS PART 820 REGULATIONS.

Program 2

Expenses: $12,428,586 Revenue: $3,013,964

ENHANCED THERAPEUTIC COMMUNITY INCORPORATING A HIGHLY STRUCTURED, PEER-DRIVEN CLINICAL MODEL WITH PSYCHOLOGICAL AND PSYCHIATRIC SERVICES.

Program 3

Expenses: $2,698,500 Revenue: $621,674

OUR FREESTANDING 60 BED FACILITY FOR MICA CLIENTS SUCCESSFULLY ADAPTS THERAPEUTIC COMMUNITY PRINCIPLES TO STABILIZE AND TREAT HOMELESS SUBSTANCE ABUSERS WITH SEVERE AND PERSISTENT MENTAL ILLNESS.

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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%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $31,404,828

Program Service Revenue $21,823,195

Investment Income $393,032

Other Revenue $1,330,323

TOTAL REVENUE $54,951,378

Expense Breakdown

Grants Paid $0

Salaries & Benefits $29,813,112

Fundraising Expenses $0

Program Expenses $48,447,336

Other Expenses $22,407,136

TOTAL EXPENSES $52,220,248

Year-over-Year Comparison

	2024	2023	Change
Revenue	$54,951,378	$45,964,432	+0.2%
Expenses	$52,220,248	$42,761,449	+0.2%
Net Income	$2,731,130	$3,202,983	-0.1%

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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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

496

Volunteers

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

$1,652,625

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
OBIANUJU BERRY MD	BOARD MEMBER	1.00	Director	$0	$0	$0
MARIANNE T GUSCHWAN MD	BOARD MEMBER	1.00	Director	$0	$0	$0
TONY JIMENEZ MD	BOARD MEMBER	1.00	Director	$0	$0	$0
GRANT MILLER	BOARD MEMBER (THRU 09/2024)	1.00	Director	$0	$0	$0
PRISCA SALAZAR-RODRIGUEZ	BOARD MEMBER	1.00	Director	$0	$0	$0
GEORGE SUTTLES	BOARD MEMBER (THRU 09/2024)	1.00	Director	$0	$0	$0
MORIAH THOMASON PHD	BOARD MEMBER	1.00	Director	$0	$0	$0
EDWARD G WATSON	BOARD MEMBER (THRU 06/2025)	1.00	Director	$0	$0	$0
JOSEPH V GIUNTA III	BOARD MEMBER	1.00	Director	$0	$0	$0
RICHARD C O'CONNOR	CHAIRMAN	1.00	Officer Director	$0	$0	$0
KATE ROTHKO PRIZEL MD	VICE CHAIRMAN	1.00	Officer Director	$0	$0	$0
NEIL BRAWLEY	SECRETARY	1.00	Officer Director	$0	$0	$0
DWAIN A CARRYL	TREASURER (THRU 06/2025)	1.00	Officer Director	$0	$0	$0
PETER PROVET PHD	PRESIDENT/CEO	30.00	Officer	$443,050	$102,127	$632,250
JOHN TAVOLACCI	SVP, COO	31.00	Officer	$395,509	$102,107	$543,332
DURGA VALLABHANENI	SVP, CF & AO	32.00	Officer	$365,234	$95,204	$477,043
JEREMY KING	VP, DIR. OF OASAS RESIDENTIAL	35.00	Highest	$200,718	$77,875	$279,121
ISOBELLE SURFACE	VP, DIR. OF COMMUNICATION	30.00	Highest	$220,350	$55,114	$312,583
COLLEEN BEAGEN	VP, DIR. OF HUMAN RESOURCE	34.00	Highest	$199,163	$75,121	$282,265
ALEXANDRA ARIZAGA	VP, DR. OF FINANCE	32.00	Highest	$183,200	$69,385	$260,633
JANICE GLENN VP DIR	MENTAL HEALTH & HOUSING SERVICES	33.00	Highest	$188,726	$18,404	$221,341

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	$54,951,378	$52,220,248	$100,525,326	$2,731,130
2024	No data	No data	No data	No data
2023	$38,162,246	$36,997,148	$70,938,481	$1,165,098
2022	$32,156,245	$32,255,744	$54,207,115	$-99,499
2021	$30,044,456	$30,659,049	$54,299,421	$-614,593
2020	$34,559,722	$32,566,276	$52,891,675	$1,993,446
2019	$35,168,355	$35,548,890	$49,395,790	$-380,535
2018	$29,427,822	$29,969,671	$52,189,957	$-541,849