Is Odyssey Housing Development Fund Corporation Legit?
Quick charity verification for Odyssey Housing Development Fund Corporation (EIN: 134054564)
Verdict: Odyssey Housing Development Fund Corporation appears trustworthy
85/100Mission Score
$2.3MRevenue
$4.8MAssets
1Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation, which may warrant further scrutiny for complete transparency regarding executive pay structure.
Strengths
Consistent financial stability with revenues generally covering expenses.
No reported officer compensation across all filings, suggesting high dedication of funds to mission.
Regular and consistent IRS 990 filings, indicating good compliance and basic transparency.
Positive net income in recent years (e.g., $57,423 in 2023, $43,570 in 2022).
Spending Breakdown
How Odyssey Housing Development Fund Corporation allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Odyssey Housing Development Fund Corporation
Is Odyssey Housing Development Fund Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Odyssey Housing Development Fund Corporation (EIN: 134054564) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Odyssey Housing Development Fund Corporation a good charity to donate to?
Odyssey Housing Development Fund Corporation has a Mission Score of 85/100. Revenue: $2.3M. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Odyssey Housing Development Fund Corporation?
The Employer Identification Number (EIN) for Odyssey Housing Development Fund Corporation is 134054564. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Odyssey Housing Development Fund Corporation spend its money?
Odyssey Housing Development Fund Corporation allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Odyssey Housing Development Fund Corporation's tax-exempt status?
You can verify Odyssey Housing Development Fund Corporation's tax-exempt status using EIN 134054564 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Odyssey Housing Development Fund Corporation demonstrates consistent financial operations, with revenues closely matching expenses over the past decade. For instance, in 2023, revenue was $2,189,920 against expenses of $2,132,497, indicating a lean operational model. The organization's assets have shown a gradual decline from $5,852,613 in 2014 to $4,882,274 in 2023, while liabilities have also decreased, maintaining a relatively stable net asset position. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission, or that executive compensation is not reported in this section, which warrants further investigation for complete transparency. Overall, the organization appears financially stable with a predictable revenue stream and controlled expenses, but the asset decline trend should be monitored.
The organization's financial health appears stable, consistently generating revenues that cover its expenses. The lack of reported officer compensation is a notable positive for spending efficiency, assuming all compensation is indeed zero or reported elsewhere. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories, a precise assessment of spending efficiency is challenging. The consistent filing of IRS Form 990s over 13 periods indicates a commitment to regulatory compliance and basic transparency.