Odyssey Housing Development Fund Corporation
Odyssey Housing Development Fund Corporation maintains stable finances with no reported officer compensation.
EIN: 134054564 · New York, NY · NTEE: L21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $2.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $616K |
| Transparency Score | 85/100 |
Is Odyssey Housing Development Fund Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Odyssey Housing Development Fund Corporation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Odyssey Housing Development Fund Corporation
Odyssey Housing Development Fund Corporation (EIN: 134054564) is a nonprofit organization based in New York, NY, classified under NTEE code L21. The organization reported total revenue of $2.3M and total assets of $4.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Odyssey Housing Development Fund Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Odyssey Housing Development Fund Corporation is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.1M |
| Surplus / Deficit | +$57K |
| Total Assets | $4.9M |
| Total Liabilities | $4.3M |
| Net Assets | $616K |
| Operating Margin | 2.6% |
| Debt-to-Asset Ratio | 87.4% |
| Months of Reserves | 27.5 months |
Financial Health Grade: A
In 2023, Odyssey Housing Development Fund Corporation reported a surplus of $57K with revenue exceeding expenses, holds 27.5 months of operating reserves (strong position), has a debt-to-asset ratio of 87.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Odyssey Housing Development Fund Corporation's revenue has grown at a compound annual growth rate (CAGR) of 1.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.3% | +3.7% | -0.6% |
| 2022 | -1.6% | +1.3% | -1.8% |
| 2021 | +2.8% | -1.1% | -0.8% |
| 2020 | +2.5% | -0.4% | -0.9% |
| 2019 | +4.3% | +6.2% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Odyssey Housing Development Fund Corporation with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Odyssey Housing Development Fund Corporation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $57K, with revenue exceeding expenses.
- Debt-to-asset ratio: 87.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $2 million in annual revenue and nearly $5 million in assets. This suggests either a volunteer-led executive team or that compensation is reported under different categories, which could impact transparency.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Odyssey Housing Development Fund Corporation's IRS 990 filings:
- Unusually low (0%) reported officer compensation, which may warrant further scrutiny for complete transparency regarding executive pay structure.
Strengths
The following positive indicators were identified for Odyssey Housing Development Fund Corporation:
- 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).
Frequently Asked Questions about Odyssey Housing Development Fund Corporation
Is Odyssey Housing Development Fund Corporation a legitimate charity?
Odyssey Housing Development Fund Corporation (EIN: 134054564) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Odyssey Housing Development Fund Corporation spend its money?
Odyssey Housing Development Fund Corporation directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Odyssey Housing Development Fund Corporation tax-deductible?
Odyssey Housing Development Fund Corporation is registered as a tax-exempt nonprofit (EIN: 134054564). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Odyssey Housing Development Fund Corporation CEO make?
Odyssey Housing Development Fund Corporation's highest-compensated officer earns $2 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does Odyssey Housing Development Fund Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Odyssey Housing Development Fund Corporation is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Odyssey Housing Development Fund Corporation located?
Odyssey Housing Development Fund Corporation is headquartered in New York, New York and files with the IRS under EIN 134054564. It is classified under NTEE code L21.
How many years of IRS 990 filings does Odyssey Housing Development Fund Corporation have?
Odyssey Housing Development Fund Corporation has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.3M in total revenue.
Is Odyssey Housing Development Fund Corporation a good charity?
Based on the available data, the organization appears financially stable with consistent revenue and expenses. The lack of reported officer compensation is a positive indicator for mission focus, assuming it's accurate. However, a detailed breakdown of program vs. administrative spending would provide a clearer picture of efficiency.
Why is officer compensation consistently reported as 0%?
The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization of this scale. It could indicate a volunteer-led executive team, or that executive compensation is categorized differently within the IRS 990, which would require further investigation to confirm.
What is the trend in the organization's net assets?
The organization's net assets (Assets - Liabilities) have shown a slight decline over the past decade. For example, in 2014, net assets were approximately $557,011 ($5,852,613 - $5,295,602), while in 2023, they were approximately $616,444 ($4,882,274 - $4,265,830). While there's a slight increase in net assets in 2023 compared to 2014, the overall asset base has decreased.
How does their revenue compare to their expenses annually?
Odyssey Housing Development Fund Corporation consistently operates with revenues closely matching expenses. For instance, in 2023, revenue was $2,189,920 and expenses were $2,132,497, resulting in a surplus of $57,423. This trend of near break-even operations is consistent across the available filings, indicating prudent financial management.
Filing History
IRS 990 filing history for Odyssey Housing Development Fund Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Odyssey Housing Development Fund Corporation's revenue has grown by 19.1%, moving from $1.8M to $2.2M. Total assets decreased by 24.5% over the same period, from $6.5M to $4.9M. Total functional expenses rose by 29.3%, from $1.6M to $2.1M. In its most recent filing year (2023), Odyssey Housing Development Fund Corporation reported a surplus of $57K, with revenue exceeding expenses. The organization holds $4.3M in liabilities against $4.9M in assets (debt-to-asset ratio: 87.4%), resulting in net assets of $616K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.1M | $4.9M | $4.3M | — | View 990 |
| 2022 | $2.1M | $2.1M | $4.9M | $4.4M | — | View 990 |
| 2021 | $2.1M | $2.0M | $5.0M | $4.5M | — | View 990 |
| 2020 | $2.1M | $2.1M | $5.0M | $4.6M | — | View 990 |
| 2019 | $2.0M | $2.1M | $5.1M | $4.7M | — | View 990 |
| 2018 | $1.9M | $1.9M | $5.3M | $4.8M | — | View 990 |
| 2017 | $1.8M | $1.9M | $5.4M | $5.0M | — | View 990 |
| 2016 | $1.8M | $1.8M | $5.5M | $5.1M | — | View 990 |
| 2015 | $1.8M | $1.8M | $5.7M | $5.2M | — | View 990 |
| 2014 | $1.7M | $1.8M | $5.9M | $5.3M | — | View 990 |
| 2013 | $1.8M | $1.8M | $6.1M | $5.5M | — | View 990 |
| 2012 | $1.8M | $1.7M | $6.4M | $5.7M | — | View 990 |
| 2011 | $1.8M | $1.6M | $6.5M | $5.8M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.1M, and assets of $4.9M (revenue +4.3% year-over-year).
- 2022: Revenue of $2.1M, expenses of $2.1M, and assets of $4.9M (revenue -1.6% year-over-year).
- 2021: Revenue of $2.1M, expenses of $2.0M, and assets of $5.0M (revenue +2.8% year-over-year).
- 2020: Revenue of $2.1M, expenses of $2.1M, and assets of $5.0M (revenue +2.5% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.1M, and assets of $5.1M (revenue +4.3% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $5.3M (revenue +5.3% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.9M, and assets of $5.4M (revenue +4.3% year-over-year).
- 2016: Revenue of $1.8M, expenses of $1.8M, and assets of $5.5M (revenue +0.6% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $5.7M (revenue +0.6% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.8M, and assets of $5.9M (revenue -3.8% year-over-year).
- 2013: Revenue of $1.8M, expenses of $1.8M, and assets of $6.1M (revenue +3.3% year-over-year).
- 2012: Revenue of $1.8M, expenses of $1.7M, and assets of $6.4M (revenue -4.4% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.6M, and assets of $6.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Odyssey Housing Development Fund Corporation:
Data Sources and Methodology
This transparency report for Odyssey Housing Development Fund Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.