Odyssey Housing Development Fund Corporation

Analysis

Odyssey Housing Development Fund Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in January 2001, 25 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Odyssey Housing Development Fund Corporation reported income of $2.2m and spending of $2.1m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.2m (+8.2%), an average of +2.0% a year. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Odyssey Housing Development Fund Corporation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 84th percentile within NY. Charities of a similar size with the same main cause include Villa Greentree Inc Yellowwood Terrace ($2.2m), Habitat for Humanity International Inc ($2.2m) and Belle Harbor Home of the Sages Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 5.2% of the total. Compensation of current officers, directors and key employees was $114k (5.4% of expenses). Other salaries and wages came to $662k. At year end it held assets of $4.9m against liabilities of $4.3m, net assets of $616k. It reported 35 employees.