2024-04-26T13:40:44-05:00 2023-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2022-07-01 134054564 ODYSSEY HOUSING DEVELOPMENT FUND CORP ODYS 2123611600 120 WALL STREET SUITE 1700 NEW YORK NY 10005 DURGA VALLABHANENI SVP, CF & AO 2123611600 2024-04-26 1 DURGA VALLABHANENI 999009999 0 X LYNNE JOHNSON P00757336 2123721000 2024-04-26 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z X ODYSSEY HDFC PETER PROVET 120 WALL STREET SUITE 1700 NEW YORK NY 10005 2189920 0 X WWW.ODYSSEYHOUSENYC.ORG X 1998 NY THE ORGANIZATION IS A NONPROFIT AGENCY PROVIDING SUPPORTIVE PERMANENT HOUSING FOR HOMELESS SINGLE ADULTS, INCLUDING PEOPLE LIVING WITH HIV/AIDS, SUBSTANCE ABUSE, AND/OR MENTAL HEALTH CHALLENGES. 3 0 35 0 0 0 1767325 1867517 122796 113202 0 23 209178 209178 2099299 2189920 0 0 0 0 979098 1002446 0 0 0 1076631 1130051 2055729 2132497 43570 57423 4913809 4882274 4354788 4265830 559021 616444 X IT IS THE MISSION OF ODYSSEY HDFC TO PROVIDE SUPPORTIVE PERMANENT HOUSING FOR HOMELESS SINGLE ADULTS, INCLUDING PEOPLE LIVING WITH HIV/AIDS, SUBSTANCE ABUSE, AND/OR MENTAL HEALTH CHALLENGES. WE WORK WITH TENANTS TO PROMOTE HEALTH AND WELLNESS, SELF-SUFFICIENCY, AND INDEPENDENT LIVING SKILLS. OUR COMPREHENSIVE AND INNOVATIVE HOUSING PROGRAMS SUPPORT PERSONAL REHABILITATION, RENEWAL, AND FAMILY RESTORATION, AND ADDRESS ALL MAJOR LIFE SPHERES ESSENTIAL FOR HEALTHY LIVING: PSYCHOLOGICAL, PHYSICAL, SOCIAL, FAMILY, EDUCATIONAL AND SPIRITUAL. 0 0 1928768 322380 A 63 BED APARTMENTS PERMANENT HOUSING COMPLEX IN EAST HARLEM FOR HOMELESS MEN AND WOMEN WITH SPECIAL NEEDS. THE PROGRAM PROVIDES HANDICAP ACCESSIBLE FULLY FURNISHED ONE-BEDROOM AND STUDIO APARTMENTS, 24 HOUR STAFFING, RESIDENT CAFETERIA SERVING ONE MEAL DAILY, MULTI-PURPOSE MEETING AND RECREATION ROOM, AND LANDSCAPED GARDENS AND COURTYARD. 1928768 1 1 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 X 0 0 35 1 0 0 0 0 0 0 0 0 0 0 0 0 X 3 0 0 0 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 NY X CHIYO JIKKO 2123611600 120 WALL STREET SUITE 1700 NEW YORK NY 10005 PETER PROVET PHD PRESIDENT/CEO 2.00 33.00 X X 31125 444270 87582 JOHN TAVOLACCI SVP, COO 2.00 33.00 X X 19537 342766 84491 DURGA VALLABHANENI SVP, CF & AO 2.00 33.00 X X 19172 317480 84554 ISOBELLE SURFACE VP, DIR. OF COMMUNICATION 2.00 33.00 X 13745 209397 70833 JEREMY KING VP, DIR. OF OASAS RESIDENTIAL 1.00 34.00 X 1498 168380 43780 COLLEEN BEAGEN VP, DIR. OF HUMAN RESOURCE 2.00 33.00 X 8605 140882 59433 ALEXANDRA ARIZAGA ASSISTANT CONTROLLER 7.00 28.00 X 26035 99774 57211 RENAS TILI IT DIRECTOR 2.00 33.00 X 7442 120371 45121 127159 1843320 533005 0 0 1 0 0 1867517 1867517 CLIENT SERVICE REVENUE 624200 113202 113202 113202 23 23 FORGIVABLE LOAN REVENU 900099 209178 209178 209178 2189920 322380 0 23 114324 95461 18863 661822 578432 83390 31207 27275 3932 124482 86230 38252 70611 62057 8554 4991 4246 745 13627 13627 5875 5499 376 91728 84353 7375 8146 7752 394 260176 251325 8851 4726 4013 713 258180 257237 943 76204 74453 1751 SECURITY 213165 213165 REPAIR & MAINTENANCE 84635 84108 527 EQUIPMENT RENTAL 50324 47498 2826 FOOD COSTS 21192 21192 37082 24472 12610 2132497 1928768 203729 0 1497956 1897749 334603 297029 2192 7049 7118108 5049357 2251321 2068751 827737 611696 4913809 4882274 235774 170799 2027234 2193164 2091780 1901867 4354788 4265830 X 559021 616444 559021 616444 4913809 4882274 57423 0 X 0 1 X 1 1 1 X 1693707 1742463 1813115 1767325 1867517 8884127 1693707 1742463 1813115 1767325 1867517 8884127 8884127 2 23 25 209178 1298 591 211067 9095219 1426159 0.97680 0.95360 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: FORGIVABLE LOAN REVENUE MISCELLANEOUS REVENUE RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 6830071 4806179 2023892 2273 1818 455 254817 220308 34509 30947 21052 9895 2068751 DUE FROM AFFILIATE 501(C)(3) ORGANIZATION 536210 SECURITY DEPOSITS 7296 RIGHT-OF-USE-ASSET 68190 611696 X PART X, LINE 2: THE ORGANIZATION WAS INCORPORATED AS A NOT-FOR-PROFIT CORPORATION UNDER THE LAWS OF THE STATE OF NEW YORK AND IS EXEMPT FROM INCOME TAXES UNDER SECTION 501(C)(3) OF THE CODE. IN ADDITION, THE ORGANIZATION IS NOT CLASSIFIED AS A PRIVATE FOUNDATION. THE ORGANIZATION IS REQUIRED TO FILE FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAXES) ANNUALLY. THE BENEFIT OF A TAX POSITION IS RECOGNIZED IN THE CONSOLIDATED FINANCIAL STATEMENTS IN THE PERIOD DURING WHICH, BASED ON AVAILABLE EVIDENCE, MANAGEMENT BELIEVES IT IS MORE LIKELY THAN NOT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION, INCLUDING THE RESOLUTION OF APPEALS OR LITIGATION PROCESSES, IF ANY. TAX POSITIONS ARE NOT OFFSET OR AGGREGATED WITH OTHER POSITIONS. TAX POSITIONS THAT MEET THE MORE LIKELY THAN NOT RECOGNITION THRESHOLD ARE MEASURED AS THE LARGEST AMOUNT OF TAX BENEFIT THAT IS MORE THAN 50% LIKELY TO BE REALIZED ON SETTLEMENT WITH THE APPLICABLE TAXING AUTHORITY. THE PORTION OF THE BENEFITS ASSOCIATED WITH THE TAX POSITIONS TAKEN THAT EXCEEDS THE AMOUNT MEASURED AS DESCRIBED ABOVE IS REFLECTED AS A LIABILITY FOR UNRECOGNIZED TAX BENEFITS IN THE CONSOLIDATED STATEMENTS OF FINANCIAL POSITION ALONG WITH ANY ASSOCIATED INTEREST AND PENALTIES THAT WOULD BE PAYABLE TO THE TAXING AUTHORITIES UPON EXAMINATION. AT JUNE 30, 2023 AND 2022, THERE WERE NO UNRECOGNIZED TAX BENEFITS IDENTIFIED OR RECORDED AS LIABILITIES. 0 0 0 0 0 0 0 1 0 PETER PROVET PHD PRESIDENT/CEO 22493 369763 3379 55539 5253 18968 10389 36111 2698 38384 44212 518765 0 0 JOHN TAVOLACCI SVP, COO 15902 301489 1944 36865 1691 4412 5848 32652 2303 43688 27688 419106 0 0 DURGA VALLABHANENI SVP, CF & AO 16878 276873 2054 33694 240 6913 5844 32361 2791 43558 27807 393399 0 0 ISOBELLE SURFACE VP, DIR. OF COMMUNICATION 11567 189296 1007 15439 1171 4662 5408 23435 2696 39294 21849 272126 0 0 JEREMY KING VP, DIR. OF OASAS RESIDENTIAL 0 167899 0 0 1498 481 0 17357 0 26423 1498 212160 0 0 COLLEEN BEAGEN VP, DIR. OF HUMAN RESOURCE 8550 139976 0 0 55 906 888 14616 2341 41588 11834 197086 0 0 ALEXANDRA ARIZAGA ASSISTANT CONTROLLER 25734 98619 0 0 301 1155 2708 10376 9132 34995 37875 145145 0 0 RENAS TILI IT DIRECTOR 7424 120087 0 0 18 284 578 8786 2154 33603 10174 162760 0 0 PART I, LINE 7 A NON-FIXED PAYMENT, IN THE FORM OF A BONUS, WAS MADE DURING THE YEAR AFTER HAVING BEEN APPROVED BY THE BOARD OF A RELATED ORGANIZATION, ODYSSEY HOUSE. THE BONUS IS REPORTED ON SCHEDULE J, PART II. SCHEDULE J, PART I, LINE 3: ODYSSEY HOUSING DEVELOPMENT FUND CORP RELIES ON ODYSSEY HOUSE, INC., A RELATED ORGANIZATION, TO DETERMINE THE COMPENSATION OF THE PRESIDENT/CEO AND OTHER OFFICERS. ODYSSEY HOUSE'S PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT/CEO, CFO & COO IS AS FOLLOWS: THE PRESIDENT/CEO, CFO & COO USE FORMS 990 OF OTHER ORGANIZATIONS TO REVIEW THE SALARIES OF SIMILAR POSITIONS AT SIMILARLY SIZED ORGANIZATIONS. THE SALARY DETERMINATION FOR THE PRESIDENT/CEO IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE DELIBERATION AND DECISION REGARDING THE COMPENSATION FOR THE PRESIDENT/CEO IS DOCUMENTED BY THE BOARD CHAIR IN A CONFIRMATION EMAIL TO THE CFO. THE ORGANIZATION HAS A COMPENSATION COMMITTEE AND AN INDEPENDENT COMPENSATION CONSULTANT TO PERFORM A SALARY SURVEY AND COMPENSATION STUDY FOR THE PRESIDENT/CEO, CFO & COO POSITIONS. THE COMPENSATION COMMITTEE DETERMINES THE SALARIES OF THE CFO & COO AND DOCUMENTS THE DELIBERATIONS AND DECISIONS ACCORDINGLY. FORM 990, PART V, LINE 2B: A RELATED ORGANIZATION, ODYSSEY HOUSE, INC., FILES ALL REQUIRED EMPLOYMENT TAX RETURNS. THE COMPENSATION REPORTED IN PART VII, SECTION A, AND ON SCHEDULE J, PART II, COLUMN B IS A REIMBURSEMENT TO THE PAYOR ENTITY. FORM 990, PART VI, SECTION B, LINE 11B THE FORM 990 IS REVIEWED BY THE CFO AND THE PRESIDENT/CEO, AND IT WILL BE DISTRIBUTED TO THE BOARD OF DIRECTORS BEFORE FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12 ODYSSEY HOUSING DEVELOPMENT FUND CORP RELIES ON ODYSSEY HOUSE'S CONFLICT OF INTEREST POLICY WHICH IS AS FOLLOWS: ALL EMPLOYEES GO THROUGH ANNUAL COMPLIANCE TRAINING. PART OF THAT TRAINING INCLUDES A REVIEW OF THE CONFLICT OF INTEREST POLICY. AFTER TRAINING IS COMPLETE, ALL EMPLOYEES SIGN THAT THEY READ THE POLICY AND ARE IN COMPLIANCE WITH IT. AT THAT TIME, THE EMPLOYEES WOULD DISCLOSE IF THERE WERE ANY REAL OR POTENTIAL CONFLICTS. ALL BOARD MEMBERS AND OFFICERS ARE REQUIRED TO ANNUALLY SIGN A CONFLICT OF INTEREST DISCLOSURE STATEMENT. THE TRANSACTIONS AND ACTIVITIES OF THE ORGANIZATION ARE MONITORED BY MANAGEMENT, THE BOARD OF DIRECTORS AND BOARD APPOINTED COMMITTEES. ANY CONFLICTS THAT ARISE ARE DEALT WITH ACCORDING TO THE ORGANIZATION'S CONFLICT OF INTEREST POLICIES. FORM 990, PART VI, SECTION B, LINE 15 ODYSSEY HOUSING DEVELOPMENT FUND CORP RELIES ON ODYSSEY HOUSE, INC., A RELATED ORGANIZATION, TO DETERMINE THE COMPENSATION OF THE PRESIDENT/CEO AND OTHER OFFICERS. ODYSSEY HOUSE'S PROCESS FOR DETERMINING THE COMPENSATION OF THE PRESIDENT/CEO, CFO & COO IS AS FOLLOWS: THE PRESIDENT/CEO, CFO & COO USE FORMS 990 OF OTHER ORGANIZATIONS TO REVIEW THE SALARIES OF SIMILAR POSITIONS AT SIMILARLY SIZED ORGANIZATIONS. THE SALARY DETERMINATION FOR THE PRESIDENT/CEO IS THEN PRESENTED TO THE BOARD OF DIRECTORS FOR APPROVAL. THE DELIBERATION AND DECISION REGARDING THE COMPENSATION FOR THE PRESIDENT/CEO IS DOCUMENTED BY THE BOARD CHAIR IN A CONFIRMATION EMAIL TO THE CFO. THE ORGANIZATION HAS A COMPENSATION COMMITTEE AND AN INDEPENDENT COMPENSATION CONSULTANT TO PERFORM A SALARY SURVEY AND COMPENSATION STUDY FOR THE PRESIDENT/CEO, CFO & COO POSITIONS. THE COMPENSATION COMMITTEE DETERMINES THE SALARIES OF THE CFO & COO AND DOCUMENTS THE DELIBERATIONS AND DECISIONS ACCORDINGLY. FORM 990, PART VI, SECTION C, LINE 19 THE FINANCIAL STATEMENTS, CONFLICT OF INTEREST POLICY AND ORGANIZATIONAL DOCUMENTS ARE MADE AVAILABLE UPON REQUEST FOR THE SAME PERIOD OF DISCLOSURE SET FORTH IN SECTION 6104(D). FORM 990, PART VI, LINE 13 ODYSSEY HOUSING DEVELOPMENT FUND CORP RELIES ON THE WHISTLEBLOWER POLICY OF ODYSSEY HOUSE, INC., A RELATED ORGANIZATION. FORM 990, PART VI, LINE 14 ODYSSEY HOUSING DEVELOPMENT FUND CORP RELIES ON THE DOCUMENT RETENTION AND DESTRUCTION POLICY OF ODYSSEY HOUSE, INC., A RELATED ORGANIZATION. ODYSSEY HOUSE INC 120 WALL STREET SUITE 1700 NEW YORK NY 10005 136217765 SOCIAL SERVICE NY 501(C)(3) LINE 7 N/A 0 ODYSSEY FOUNDATION OF NEW YORK 120 WALL STREET SUITE 1700 NEW YORK NY 10005 133324684 SOCIAL SERVICE NY 501(C)(3) LINE 7 ODYSSEY HOUSE INC 0 OH 123RD STREET HDFC 120 WALL STREET SUITE 1700 NEW YORK NY 10005 208873951 REAL ESTATE DEVELOPMENT NY 501(C)(4) ODYSSEY HOUSE INC 0 OH 126TH STREET HDFC 120 WALL STREET SUITE 1700 NEW YORK NY 10005 813640078 REAL ESTATE DEVELOPMENT NY 501(C)(4) ODYSSEY HOUSE INC 0 OH 161ST STREET HDFC 120 WALL STREET SUITE 1700 NEW YORK NY 10005 274062370 REAL ESTATE DEVELOPMENT NY 501(C)(4) ODYSSEY HOUSE INC 0 OH SOUNDVIEW AVENUE HDFC 120 WALL STREET SUITE 1700 NEW YORK NY 10005 274062272 REAL ESTATE DEVELOPMENT NY 501(C)(4) ODYSSEY HOUSE INC 0 OH 123RD STREET LP 120 WALL STREET SUITE 1700 NEW YORK NY 10005 261438196 OPERATE LOW INCOME HOUSING NY N/A 0 0 OH 126TH STREET LP 120 WALL STREET SUITE 1700 NEW YORK NY 10005 832256563 OPERATE LOW INCOME HOUSING NY N/A 0 0 OH 161ST STREET LP 120 WALL STREET SUITE 1700 NEW YORK NY 10005 611663479 OPERATE LOW INCOME HOUSING NY N/A 0 0 OH SOUNDVIEW AVENUE LP 120 WALL STREET SUITE 1700 NEW YORK NY 10005 320356964 OPERATE LOW INCOME HOUSING NY N/A 0 0 OH 123RD STREET GP INC 120 WALL STREET SUITE 1700 NEW YORK NY 10005 261438757 RELATED NY N/A C 0 OH 126TH STREET GP INC 120 WALL STREET SUITE 1700 NEW YORK NY 10005 832249703 RELATED NY N/A C 0 OH 161ST STREET GP INC 120 WALL STREET SUITE 1700 NEW YORK NY 10005 371651790 RELATED NY N/A C 0 OH SOUNDVIEW AVENUE GP INC 120 WALL STREET SUITE 1700 NEW YORK NY 10005 352425255 RELATED NY N/A C 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0