Equinox Inc
- Assets
- $7.8m
- Revenue
- $11.3m
- Investments
- $0.0
- Employees
- 227
- Location
- Albany, NY
- Founding
- 12/2006
- Data as of
- 12/2021
- EIN
- 14-1437421
Organization Overview
Equinox Inc is located in Albany, NY. The organization was established in 2006. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Equinox Inc employed 227 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Equinox Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Equinox Inc generated $11.3m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.1% each year. All expenses for the organization totaled $9.5m during the year ending 12/2021. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CHANGING LIVES AND STRENGTHENING COMMUNITIES IN THE CAPITAL REGION THROUGH A CONTINUUM OF HUMAN SERVICES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
OUTPATIENT TREATMENT- OUTPATIENT TREATMENT SERVICES WITHIN EQUINOX INCLUDE AN ARTICLE 31 OMH CLINIC, A PERSONALIZED RECOVERY ORIENTED SERVICES (PROS) PREVENTION PROGRAM AND A HEALTH CARE GRANT PROGRAM. THIS IS A CONTINUUM OF CARE FOR INDIVIDUALS WITH MENTAL ILLNESS THAT PROVIDE PERSON CENTERED AND TRAUMA INFORMED SERVICES. DURING 2021 APPROXIMATELY 243 INDIVIDUALS WERE PROVIDED SERVICES INCLUDING INDIVIDUAL OR GROUP THERAPY, MEDICATION MANAGEMENT, HEALING AND WELLNESS COUNSELING AND LIMITED CASE MANAGEMENT.
RESIDENTIAL SERVICES- THE ADULT RESIDENTIAL PROGRAM WITH EQUINOX INC. CONSISTS OF THREE COMMUNITY RESIDENCES AND ONE APARTMENT PROGRAM. THESE PROGRAMS PROVIDE 24/7 ON SITE STAFFING COVERAGE AND SERVES ADULTS (18 AND OLDER) WITH MENTAL ILLNESS. STAFF TEACH SKILLS TO RESIDENTS AND ASSIST THEM WITH SUPPORT SERVICES TOWARD A GOAL OF MORE INDEPENDENT COMMUNITY LIVING. IN 2021, 85 CLIENTS WERE SERVED.
DOMESTIC VIOLENCE - EQUINOX'S DOMESTIC VIOLENCE SERVICES INCLUDE A DOMESTIC VIOLENCE SHELTER AND DOMESTIC VIOLENCE OUTREACH SERVICES. THE DOMESTIC VIOLENCE SHELTER IS A 30 BED SHELTER OPEN TO ALL VICTIMS AND THEIR DEPENDENT CHILDREN, REGARDLESS OF GENDER, AGE, ETHNICITY OR SEXUAL ORIENTATION. THE SHELTER AND OUTREACH SERVICES PROVIDES SAFETY, SUPPORT, ASSISTANCE AND TOOLS VICTIMS NEED TO ESCAPE ABUSIVE SITUATIONS AND TAKE CONTROL OF THEIR LIVES. DURING 2021, 2,516 PEOPLE WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Arif Shahabuddin Medical Director | 32 | $178,687 | |
Virginia Golden Chief Executive Officer | Officer | 40 | $150,346 |
Kathryn Fletcher Chief Operating Officer | 40 | $111,684 | |
Julie Clegg Director Of Finance | Officer | 40 | $53,269 |
Camille Marocco Director Of Finance | Officer | 40 | $40,800 |
Mark R Holtzman Chair | OfficerTrustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $69,270 |
| Related organizations | $0 |
| Government grants | $4,760,371 |
| All other contributions, gifts, grants, and similar amounts not included above | $1,228,596 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,058,237 |
| Total Program Service Revenue | $4,697,165 |
| Investment income | $7,811 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $12 |
| Net Income from Fundraising Events | -$20,133 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $11,254,428 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $282,002 |
| Compensation of current officers, directors, key employees. | $244,415 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,330,538 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $250,345 |
| Payroll taxes | $516,729 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $104,875 |
| Fees for services: Accounting | $118,994 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $171,955 |
| Advertising and promotion | $0 |
| Office expenses | $498,487 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,415,593 |
| Travel | $63,013 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $7,944 |
| Interest | $5,911 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $330,078 |
| Insurance | $151,762 |
| All other expenses | $69,423 |
| Total functional expenses | $9,494,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,580,396 |
| Savings and temporary cash investments | $193,813 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $593,167 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $68,307 |
| Net Land, buildings, and equipment | $4,459,345 |
| Investments—publicly traded securities | $785,471 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $73,625 |
| Total assets | $7,754,124 |
| Accounts payable and accrued expenses | $821,787 |
| Grants payable | $0 |
| Deferred revenue | $278,519 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,931,874 |
| Total liabilities | $3,032,180 |
| Net assets without donor restrictions | $4,721,944 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $7,754,124 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Equinox Inc has recieved totaling $11,000.
| Awarding Organization | Amount |
|---|---|
Frederick Mcdonald Trust C/O Trust Dept State Bk Of Ny Dallas, TX PURPOSE: UNRESTRICTED GENERAL | $10,000 |
Renaissance Corporation Of Albany Albany, NY PURPOSE: GENERAL | $1,000 |
Endowment Analysis
| Beg. Balance | $101,965 |
| Other Expense | $101,965 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
1260 Housing Development Corporation Philadelphia, PA | $75,955,661 | $16,577,131 |
Services For The Underserved Inc New York, NY | $8,662,192 | $15,624,121 |
Hudson River Housing Poughkeepsie, NY | $27,296,400 | $16,670,773 |
Division Housing Corporation Brooklyn, NY | $37,066,960 | $16,618,579 |
Cambridge Affordable Housing Corporation Cambridge, MA | $128,682,054 | $13,147,216 |
Affordable Housing Alliance Inc Neptune, NJ | $23,008,220 | $15,041,931 |
New Community Corporation Newark, NJ | $92,222,632 | $16,838,314 |
Boston Tremont Housing Development Fund Corporation New York, NY | $28,761,784 | $24,917,100 |
Highbridge Community Housing Development Fund Corporation Bronx, NY | $37,198,979 | $10,077,862 |
Harlem West Ii Housing Dev Fund Co Inc New York, NY | $7,149,098 | $1,214,746 |
Housing Development Corporation Midatlantic Lancaster, PA | $24,908,226 | $11,939,671 |
Augustus & James Corporation New York, NY | $14,865,131 | $12,141,215 |