2026-04-21T11:55:47-05:00 2025-06-30 420714325 RSM US LLP 4 TIMES SQUARE NEW YORK NY 10036 990 2024-07-01 134054564 ODYSSEY HOUSING DEVELOPMENT FUND CORP ODYS 2123611600 120 WALL STREET SUITE 1700 NEW YORK NY 10005 DURGA VALLABHANENI SVP, CF & AO 2123611600 2026-04-20 1 0 LYNNE JOHNSON P00757336 2123721000 2026-04-20 2024 2025-03-06 01:10:19Z ODYSSEY HDFC PETER PROVET 120 WALL STREET SUITE 1700 NEW YORK NY 10005 2380386 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 45 0 0 0 1930361 1906498 121558 201446 0 0 209178 272442 2261097 2380386 0 0 0 0 916318 1034820 0 0 0 1218047 1314893 2134365 2349713 126732 30673 4844119 4679826 4100943 3905977 743176 773849 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 2178582 410624 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. 2178582 1 1 0 0 0 0 0 0 0 0 1 0 0 0 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 45 1 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 34219 495904 102127 DURGA VALLABHANENI SVP, CF & AO 2.00 33.00 X X 16605 365234 95204 JOHN TAVOLACCI SVP, COO 1.00 34.00 X X 1593 439632 102107 ALEXANDRA ARIZAGA VP, DIRECTOR OF FINANCE 3.00 32.00 X 8048 183200 69385 ISOBELLE SURFACE VP, DIR. OF COMMUNICATION 2.00 33.00 X 11372 246097 55114 JANICE GLENN VP DIR MENTAL HEALTH & HOUSING SERVICES 2.00 33.00 X 14211 188726 18404 RENAS TILI VP, DIRECTOR OF IT & TECH 1.00 34.00 X 8560 181312 20163 COLLEEN BEAGEN VP, DIR. OF HUMAN RESOURCE 1.00 34.00 X 7981 199163 75121 102589 2299268 537625 0 0 1 0 0 1906498 1906498 CLIENT SERVICE REVENUE 624200 201446 201446 201446 FORGIVABLE LOAN REV. 900099 209178 209178 INSURANCE PROCEEDS 900099 63264 63264 272442 2380386 410624 0 63264 79494 68524 10970 677005 649588 27417 30463 27417 3046 174650 87065 87585 73208 66410 6798 18376 17994 382 7731 7731 10507 10157 350 97820 90986 6834 5614 5377 237 248495 239522 8973 3460 2826 634 292805 291814 991 89469 87596 1873 SECURITY 221802 221802 REPAIR & MAINTENANCE 131914 131813 101 EQUIPMENT RENTAL 61720 59433 2287 FOOD COSTS 61498 61498 63682 58760 4922 2349713 2178582 171131 0 1927294 1713341 434996 940381 1421 1334 7419864 5628638 1969022 1791226 511386 233544 4844119 4679826 196851 224251 2207426 2194264 1696666 1487462 4100943 3905977 X 743176 773849 743176 773849 4844119 4679826 30673 0 X 0 1 X 1 1 1 X 1813115 1767325 1867517 1930361 1906498 9284816 1813115 1767325 1867517 1930361 1906498 9284816 9284816 2 23 25 591 63264 63855 9348696 1714706 0.99320 0.99980 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: MISCELLANEOUS REVENUE INSURANCE PROCEEDS RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 7068421 5330532 1737889 2273 2122 151 316172 273479 42693 32998 22505 10493 1791226 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, 2025 AND 2024, 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 17208 416778 2536 61427 14475 17699 9748 40752 1829 49798 45796 586454 0 0 JOHN TAVOLACCI SVP, COO 0 382097 0 52245 1593 5290 4320 38180 0 59607 5913 537419 0 0 DURGA VALLABHANENI SVP, CF & AO 13293 322448 1566 37996 1746 4790 5671 36629 2053 50851 24329 452714 0 0 ISOBELLE SURFACE VP, DIR. OF COMMUNICATION 8797 215252 1072 26229 1503 4616 5216 25841 940 23117 17528 295055 0 0 COLLEEN BEAGEN VP, DIR. OF HUMAN RESOURCE 7914 197486 0 0 67 1677 795 19491 2124 52711 10900 271365 0 0 ALEXANDRA ARIZAGA VP, DIRECTOR OF FINANCE 7622 181877 0 0 426 1323 688 16428 2100 50169 10836 249797 0 0 JANICE GLENN VP DIR MENTAL HEALTH & HOUSING SERVICES 13397 184775 0 0 814 3951 1165 16071 77 1091 15453 205888 0 0 RENAS TILI VP, DIRECTOR OF IT & TECH 7275 181007 0 0 1285 305 703 16548 110 2802 9373 200662 0 0 PART I, LINE 3 THE RELATED ORGANIZATION USES FOLLOWING METHODS: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OR OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY, APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. 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, SVP/CFO/AO, AND SVP/COO IS AS FOLLOWS: THE PRESIDENT/CEO, SVP/CFO/AO, AND SVP/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 SVP/CF/AO. THE ORGANIZATION HAS A COMPENSATION COMMITTEE AND AN INDEPENDENT COMPENSATION CONSULTANT TO PERFORM A SALARY SURVEY AND COMPENSATION STUDY FOR THE PRESIDENT/CEO, SVP/CFO/AO, AND SVP/COO POSITIONS. THE COMPENSATION COMMITTEE DETERMINES THE SALARIES OF THE SVP/CF/AO & COO AND DOCUMENTS THE DELIBERATIONS AND DECISIONS ACCORDINGLY. 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. 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 SVP/CFO/AO 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, SVP/CFO/AO, AND SVP/COO IS AS FOLLOWS: THE PRESIDENT/CEO, SVP/CFO/AO, AND SVP/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 SVP/CFO/AO. THE ORGANIZATION HAS A COMPENSATION COMMITTEE AND AN INDEPENDENT COMPENSATION CONSULTANT TO PERFORM A SALARY SURVEY AND COMPENSATION STUDY FOR THE PRESIDENT/CEO, SVP/CFO/AO, & SVP/COO POSITIONS. THE COMPENSATION COMMITTEE DETERMINES THE SALARIES OF THE SVP/CFO/AO, & SVP/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. 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