Overview
What is Odyssey Housing Development Fund Corp?
Odyssey Housing Development Fund Corp is a nonprofit organization situated in New York City. Their primary mission is to offer supportive permanent housing for homeless single adults, including individuals living with HIV/AIDS, substance abuse, and mental health challenges. The organization operates a 63-bed apartment complex in East Harlem, equipped with handicap-accessible fully furnished one-bedroom and studio apartments, 24-hour staffing, a resident cafeteria, a multi-purpose meeting and recreation room, and landscaped gardens and courtyards. The organization's goal is to promote health and wellness, self-sufficiency, and independent living skills among its tenants. With a workforce of 43 employees, Odyssey HDFC offers comprehensive and innovative housing programs that support personal rehabilitation, renewal, and family restoration, addressing various aspects of healthy living.
Official website here: www.odysseyhousenyc.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 54% (One-Star out of Four Stars)
Odyssey Housing Development Fund Corp has received a low rating of 54%, indicating significant concerns regarding its accountability and financial practices. The organization's score reflects the absence of independent board members and missing important governance policies, such as a conflict of interest policy and whistleblower policy, which are critical for maintaining transparency and accountability.
Despite these governance shortcomings, the organization performs well in certain financial areas, particularly with a high program expense ratio of 91.10%, suggesting that a substantial portion of its resources is directed toward its programs rather than administrative expenses. Additionally, the organization has no material diversions of assets, which is a positive sign for donor trust.
However, the high liabilities to assets ratio of 87.37% raises further questions about financial stability. Potential donors and stakeholders should carefully consider these factors when evaluating their support for Odyssey Housing Development Fund Corp, as the governance issues could impact the organization's long-term effectiveness and reliability.
This AI summary has been generated from information found on Charity Navigator.
Is Odyssey Housing Development Fund Corp legitimate?
Odyssey Housing Development Fund Corp is a legitimate nonprofit organization registered as a 501(c)(3) entity. Odyssey Housing Development Fund Corp submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $87,036
Professional Fundraising Fees: $0
Other Salaries and Wages: $663,823
For more financial information, click here
Official website here: www.odysseyhousenyc.org
What is the mission statement of Odyssey Housing Development Fund Corp?
Odyssey Housing Development Fund Corp is a nonprofit organization committed to providing supportive permanent housing for homeless single adults, including those living with HIV/AIDS, substance abuse, and mental health challenges. Their mission is to promote health and wellness, self-sufficiency, and independent living skills among their tenants. Through comprehensive and innovative housing programs, Odyssey HDFC supports personal rehabilitation, renewal, and family restoration, addressing all major life spheres essential for healthy living, such as psychological, physical, social, family, educational, and spiritual needs.
Official website here: www.odysseyhousenyc.org
Who is the CEO of Odyssey Housing Development Fund Corp?
Peter Provet is the Principal Officer of Odyssey Housing Development Fund Corp. The CEO's salary of Odyssey Housing Development Fund Corp is $35,529 and their total compensation is $563,061.
Official website here: www.odysseyhousenyc.org
What is the revenue of Odyssey Housing Development Fund Corp?
Odyssey Housing Development Fund Corp's revenue in 2022 was $2,099,299.
Official website here: www.odysseyhousenyc.org
Who are the executives of Odyssey Housing Development Fund Corp and what are their salaries?
The average compensation at Odyssey Housing Development Fund Corp during 2022 was $17,462. There are 43 employees at Odyssey Housing Development Fund Corp.
Here are 8 key members and their salaries (Odyssey Housing Development Fund Corp's CEO's salary is $35,529 and their total compensation is $563,061):
- Compensation: $35,529
- Related: $444,166
- Other: $83,366
- Compensation: $19,178
- Related: $336,505
- Other: $77,951
- Compensation: $19,809
- Related: $307,596
- Other: $76,195
- Compensation: $12,173
- Related: $195,283
- Other: $66,727
- Compensation: $8,326
- Related: $137,988
- Other: $58,316
- Compensation: $6,618
- Related: $125,570
- Other: $51,065
- Compensation: $6,176
- Related: $106,841
- Other: $41,617
- Compensation: $2,567
- Related: $157,342
- Other: $40,120
Official website here: www.odysseyhousenyc.org
Where can I find the form 990 for Odyssey Housing Development Fund Corp?
Odyssey Housing Development Fund Corp's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.odysseyhousenyc.org
Learn more at the official website: www.odysseyhousenyc.org
Mission Statement of Odyssey Housing Development Fund Corp
Odyssey Housing Development Fund Corp, a nonprofit agency, is dedicated to providing supportive permanent housing for homeless single adults who may be living with HIV/AIDS, substance abuse, or mental health challenges. Their mission is multifaceted, aiming to promote health and wellness, self-sufficiency, and independent living skills among their tenants. The organization's comprehensive and innovative housing programs support personal rehabilitation, renewal, and family restoration, addressing all major life spheres essential for healthy living, including psychological, physical, social, family, educational, and spiritual needs. Odyssey Housing Development Fund Corp works closely with their tenants, guiding them towards a more self-reliant and fulfilling lifestyle.
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Impact
October, 2024
Odyssey Housing Development Fund Corp significantly impacts the lives of homeless single adults, particularly those facing unique challenges such as living with HIV/AIDS, substance abuse, and mental health issues. By providing a 63-bed permanent housing complex in East Harlem, the organization offers a safe and supportive environment tailored to individuals with special needs.
The fully furnished one-bedroom and studio apartments are designed to be handicapped accessible, ensuring inclusivity for all residents. With 24-hour staffing, residents have access to support whenever needed, fostering a sense of security and stability. The on-site cafeteria, serving at least one meal daily, addresses nutritional needs while promoting social interaction among residents.
Moreover, the available multi-purpose meeting and recreation room, along with landscaped gardens and a courtyard, encourages community engagement and enhances the quality of living. Odyssey’s mission extends beyond just housing; it actively promotes health and wellness, helping tenants develop self-sufficiency and independent living skills.
Through comprehensive housing programs, the organization supports personal rehabilitation and renewal, addressing crucial aspects of healthy living—psychological, physical, social, family, educational, and spiritual. This holistic approach not only mitigates homelessness but also fosters a path toward sustained independence and improved quality of life for some of New York's most vulnerable populations.
This information is meant to be a general summary of Odyssey Housing Development Fund Corp. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $122,796
- Gross Receipts: $2,099,299
Assets and Liabilities:
- Total Assets: $4,913,809
- Total Liabilities: $4,354,788
- Net Assets: $559,021
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
CLIENT SERVICE REVENUE
Revenue
$122,796
Organization Details
Founding Year
1998
Phone
(212) 361-1600Principal Officer
Peter Provet
Main Address
120 WALL STREET 17TH FLOOR, NEW YORK, NY, 10005
Website
www.odysseyhousenyc.orgNTEE Category
Code: L21 - Housing
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