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Nonprofiteer
← WESTERN ODYSSEY INC

Form 990 for tax year 2024

Filed by WESTERN ODYSSEY INC.

Totals

Total revenue
$1,071,012
Total expenses
$0
Contributions and grants received
$865,657
Grants paid
$0
Program service revenue
$0
Investment income
$10,052
Other revenue
$195,303
Total assets, end of year
$14,237,375
Total liabilities, end of year
$7,104,852
Net assets or fund balances, end of year
$7,132,523
Program services expenses (Part IX)
$0
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $755,394

  • 1f · All other contributions, gifts and grants

    $110,263

  • 3 · Investment income

    total $10,052 · excluded $10,052

  • 6a · Gross rents

    real property $1,140,327

  • 6b · Less rental expenses

    real property $945,024

  • 6c · Rental income or loss

    real property $195,303

  • 6d · Net rental income or loss

    total $195,303 · related or exempt $195,303

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,682,269 · end of year $703,623

  • 2 · Savings and temporary cash investments

    beginning of year $68,181 · end of year $76,290

  • 9 · Prepaid expenses and deferred charges

    end of year $306

  • 10a · Land, buildings and equipment: cost or other basis

    $18,808,980

  • 10b · Land, buildings and equipment: accumulated depreciation

    $5,497,195

  • 10c · Land, buildings and equipment, net

    beginning of year $10,437,096 · end of year $13,311,785

  • 11 · Investments: publicly traded securities

    beginning of year $155,060 · end of year $145,371

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,243 · end of year $10,488

  • 19 · Deferred revenue

    end of year $106,466

  • 23 · Secured mortgages and notes payable

    beginning of year $6,133,825 · end of year $6,987,898

  • 27 · Net assets without donor restrictions

    beginning of year $6,203,538 · end of year $7,132,523

Mission and programs · 2024

Mission

THE ORGANIZATION WAS CREATED TO HOLD LAND, BUILDINGS, AND IMPROVEMENTS FOR ODYSSEY HOUSE, INC. - UTAH DBA ODYSSEY HOUSE, A 501(C)(3) NONPROFIT ORGANIZATION.

  • RENTAL OF BUILDINGS TO HELP SUPPORT ODYSSEY HOUSE, INC. - UTAH DBA ODYSSEY HOUSE AND ITS CHARITABLE PURPOSE.

As filed on the 2024 return.

Listed in Part VII

  • Adam Cohen

    EXECUTIVE DI

    Total calculated
    $468,037
    From this org
    $0
    From related orgs
    $438,548
    Other
    $29,489

    Schedule J breakdown matched by us

    Base
    not reported + $438,548 related
    Bonus
    not reported
    Other
    not reported
    Deferred
    not reported + $20,685 related
    Nontaxable benefits
    not reported + $8,804 related
    Filer's total
    not reported + $468,037 related

  • Cary Dunn

    CHAIR

    Total calculated
    $0
    Hours/week
    0.25

  • Steve Hill

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

  • Rick Vanwagoner

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.25

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Form 990 of other organizations
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement

The filer's explanations (Part III)

SCHEDULE J, PART III
THERE IS NO COMPENSATION IN WESTERN ODYSSEY. IN ODYSSEY HOUSE, THE BOARD OF DIRECTORS SETS THE COMPENSATION FOR THE CHIEF EXECUTIVE OFFICER. THE BOARD OF DIRECTORS ANNUALLY REVIEWS THE COMPENSATION LEVEL OF THE CHIEF EXECUTIVE OFFICER. SOME OF THE FACTORS THAT ARE CONSIDERED IN SETTING COMPENSATION INLCUDE COMPETETIVE COMPENSATION LEVELS OF SIMILAR ORGANIZATIONS AND POSITIONS, THE FINANCIAL RESULTS OF THE COMPANY, AND THE ACCOMPLISHMENT OF ORGANIZATION GOALS. AFTER THE BOARD OF DIRECTORS HAS DETERMINED THE COMPENSATION LEVEL FOR THE CHIEF EXECUTIVE OFFICER, THE CHAIR PERSON E-MAILS THE DIRECTOR OF FINANCE WITH THE COMPENSATION LEVEL AND THE EFFECTIVE DATE.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2024
Filed
8 May 2026
IRS schema version
2024v5.0
Source object
202611329349307221

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