Edgewater Systems For Balanced
- Assets
- $8.8m
- Revenue
- $13.9m
- Investments
- $0.0
- Employees
- 175
- Location
- Gary, IN
- Founding
- 07/1975
- Data as of
- 06/2023
- EIN
- 51-0137391
Organization Overview
Edgewater Systems For Balanced is located in Gary, IN. The organization was established in 1975. According to its NTEE Classification (F30) the organization is classified as: Mental Health Treatment, under the broad grouping of Mental Health & Crisis Intervention and related organizations. As of 06/2023, Edgewater Systems For Balanced employed 175 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Edgewater Systems For Balanced 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 06/2023, Edgewater Systems For Balanced generated $13.9m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 3.5% each year. All expenses for the organization totaled $13.5m during the year ending 06/2023. While expenses have increased by 2.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO ESTABLISH AND OPERATE A COMPREHENSIVE PRIMARY CARE AND MENTAL HEALTH SERVICE ORGANIZATION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THERE ARE FOUR MAJOR SERVICE PROGRAMS AT EDGEWATER SYSTEMS FOR BALANCED LIVING; MEDICAL SERVICES, FAMILY & YOUTH SERVICES, ADDICTION SERVICES AND MENTAL HEALTH SERVICES.MEDICAL SERVICES: THIS PROGRAM PROVIDES IN DEPTH MEDICAL CARE. FAMILY & YOUTH SERVICES: THIS PROGRAM OFFERS DIAGNOSTIC EVALUATION, INDIVIDUAL TREATMENT, FAMILY TREATMENT, AND CONSULTATION. THE PROGRAM COMPONENTS INCLUDE THE OUTPATIENT PROGRAMS.
ADDICTION SERVICES: IT INCLUDES NEW INDIVIDUALS AND FAMILIES WITH PROBLEMS RELATING TO AN ADDICTION. THIS PROGRAM PROVIDES HELP TO NEW LIFE CENTER, A METHADONE MAINTENANCE PROGRAM.LONG MENTAL HEALTH SERVICES: THIS PROGRAM PROVIDES COMPREHENSIVE COMMUNITY SUPPORT FOR SERIOUSLY AND PERSISTENTLY MENTALLY ILL PERSONS WHO HAVE HAD A HISTORY OF FREQUENT AND/OR TERM HOSPITALIZATION. IT ALSO CONSISTS OF AN ADULT TERM HOSPITALIZATION.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sharon Johnson-Shirley Edd Chairperson | OfficerTrustee | 1 | $0 |
Jerome L Ezell JD Treasurer | OfficerTrustee | 1 | $0 |
Carol Cody Secretary | OfficerTrustee | 1 | $0 |
Colleen Ramquist Member | Trustee | 1 | $0 |
Bernard Carter Member | Trustee | 1 | $0 |
Larry Brewer Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Ab Medical Staffing Temporary Medical Staffing | 6/29/23 | $157,205 |
D & R Construction Co Construction Services | 6/29/23 | $385,525 |
Legato Healthcare Marketing Marketing Consultants | 6/29/23 | $275,254 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $6,818,375 |
| All other contributions, gifts, grants, and similar amounts not included above | $9,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $6,827,375 |
| Total Program Service Revenue | $6,787,849 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $73,036 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $13,866,194 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $2,090 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $922,465 |
| Compensation of current officers, directors, key employees. | $239,841 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $5,893,929 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $1,405,560 |
| Payroll taxes | $388,771 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $70,272 |
| Fees for services: Accounting | $126,706 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,124,535 |
| Advertising and promotion | $411,912 |
| Office expenses | $597,187 |
| Information technology | $130,266 |
| Royalties | $0 |
| Occupancy | $801,879 |
| Travel | $64,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $43,569 |
| Interest | $84,823 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $425,506 |
| Insurance | $757,547 |
| All other expenses | $0 |
| Total functional expenses | $13,544,593 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,650 |
| Savings and temporary cash investments | $2,275,090 |
| Pledges and grants receivable | $409,240 |
| Accounts receivable, net | $287,027 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $569,659 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $282,311 |
| Net Land, buildings, and equipment | $4,670,390 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $305,886 |
| Total assets | $8,801,253 |
| Accounts payable and accrued expenses | $2,269,317 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $224,099 |
| Unsecured mortgages and notes payable | $547,854 |
| Other liabilities | $2,528,126 |
| Total liabilities | $5,569,396 |
| Net assets without donor restrictions | $3,231,857 |
| 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 | $8,801,253 |