Equinox Inc
- Assets
- $9.0m
- Revenue
- $10.4m
- Investments
- $0.0
- Employees
- 188
- Location
- Albany, NY
- Founding
- 12/2006
- Data as of
- 12/2023
- 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 12/2023, Equinox Inc employed 188 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 12/2023, Equinox Inc generated $10.4m in total revenue. The organization has seen a slow decline revenue. Over the past 9 years, revenues have fallen by an average of 0.0% each year. All expenses for the organization totaled $10.7m during the year ending 12/2023. As we would expect to see with falling revenues, expenses have declined by (0.1%) per year over the past 9 years. 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
2023
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 2023 APPROXIMATELY 462 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 2023, 79 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 2023, 3,462 PEOPLE WERE SERVED.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark R Holtzman Chair | OfficerTrustee | 1 | $0 |
Linda Macfarlane Vice Chair | OfficerTrustee | 1 | $0 |
Marilyn Pendergast Treasurer | OfficerTrustee | 1 | $0 |
Rose J Jackson Secretary | OfficerTrustee | 1 | $0 |
Dennis Mcdonald Board Member | Trustee | 1 | $0 |
Dennis A First Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Whitney M Young Jr Health Center Affiliation Service Agreement For Facili | 12/30/23 | $169,046 |
Clarity Hr Solutions Llc Hr Management And Consulting Work | 12/30/23 | $114,053 |
Lippes Mathias Wexler Friedman Llp Legal Matters And Other Service Related | 12/30/23 | $108,237 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $53,477 |
| Related organizations | $0 |
| Government grants | $4,384,439 |
| All other contributions, gifts, grants, and similar amounts not included above | $348,945 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,786,861 |
| Total Program Service Revenue | $5,813,861 |
| Investment income | $13,263 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $12,137 |
| Net Gain/Loss on Asset Sales | -$475,187 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $10,375,764 |
| 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. | $181,890 |
| Compensation of current officers, directors, key employees. | $181,890 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,274,706 |
| Pension plan accruals and contributions | $91,012 |
| Other employee benefits | $335,930 |
| Payroll taxes | $537,659 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $254,817 |
| Fees for services: Accounting | $390,291 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $57,458 |
| Advertising and promotion | $0 |
| Office expenses | $453,651 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $1,898,520 |
| Travel | $39,475 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $50 |
| Interest | $18,068 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $332,639 |
| Insurance | $187,761 |
| All other expenses | $13,787 |
| Total functional expenses | $10,685,321 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $979,242 |
| Savings and temporary cash investments | $241,311 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,522,888 |
| 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 | $114,873 |
| Net Land, buildings, and equipment | $3,518,904 |
| Investments—publicly traded securities | $791,819 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,823,702 |
| Total assets | $8,992,739 |
| Accounts payable and accrued expenses | $1,272,661 |
| Grants payable | $0 |
| Deferred revenue | $535,318 |
| 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 | $272,728 |
| Other liabilities | $2,296,098 |
| Total liabilities | $4,376,805 |
| Net assets without donor restrictions | $4,615,934 |
| 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 | $8,992,739 |