Equinox INC EIN 14-1437421

Equinox INC FY2020 filing

EIN  14-1437421 Public charity (501(c)(3)) Albany, NY Founded 1948
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 7/22/26 · see original filing: IRS
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Size
$10–100M
What they do
Provides human services to improve lives and strengthen communities.
Leadership
Robert Hertz MD · Medical Director · $196K
Money in and out
$9.5M revenue, $9.0M expenses
Bottom line
82% program efficiency

Provides human services to improve lives and strengthen communities. For fiscal year 2020 it reported $9.5M in revenue, $9.0M in expenses, and $2.9M in net assets.Pt I

Where the money goes · FY2020
Total revenue
$9.5M
Pt VIII · Ln 12
Total expenses
$9.0M
Pt IX · Ln 25
Net assets
$2.9M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $412K
Where spending went · Part IX cols B–D
Program services $0.82 Management & general $0.14 Fundraising $0.03
Program efficiency
82%
of spending reaches programs
Operating runway
3.6mo
months of highly liquid reserves at operating expense rate
Surplus margin
+4%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$9.5M
FY2020
Expenses
$9.0M
FY2020
Total assets
$8.2M
FY2020
Total liabilities
$5.4M
FY2020
Total revenue
$9.5M
Pt VIII · Ln 12
Total expenses
$9.0M
Pt IX · Ln 25
Net assets
$2.9M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$412K
Total assetsPt X · Ln 16$8.2M
Program-expense ratioPt IX · col B82%
Voting members of governing bodyPt I · Ln 317
Independent voting membersPt I · Ln 417
Mission & Programs · Part III

Where the work happens

3 program services account for $5.6M of program spending, described in the organization's own filed words · FY2020.
01

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.

$2.3Mprogram expense
02

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.

$2.1Mprogram expense
03

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.

$1.2Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CEquinox INC
EINHdr · item D14-1437421
Principal addressHdr · item CAlbany, NY
WebsiteHdr · item Jwww.equinoxinc.org
Year of formationHdr · item L1948
State of legal domicileHdr · item MNY
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHousing (L21)
Ruling yearIRS BMFDec 2006

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a17
Independent voting membersPt VI · Ln 1b17
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Medical Director
$195,858Pt VII · Sec A
Chief Executive Officer
$150,000Pt VII · Sec A
Chief Operating Officer
$111,427Pt VII · Sec A
Director of Finance
$90,203Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Arif Shahabuddin’s $188K as Medical Director is at the 38th percentile of top reported officer pay among 672 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2024FY2023FY2022FY2021FY2020
Robert Hertz MD$195,858
Arif Shahabuddin$188,500$189,086$191,256$178,687
Kathryn Fletcher$132,104$169,500$152,246$111,684$111,427
Virginia Golden$120,949$131,003$105,185$150,346$150,000
John Henley$143,396
Christina Rajotte$100,138
Ellen Tarbay$91,444
Camille Marocco$40,800$90,203

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Statement of Revenue

Part VIII
Program service revenue$4.5M · 48%
Contributions & grants$4.4M · 46%
Other revenue$550K · 6%
Program service revenue48%$4.5M
Contributions & grants46%$4.4M
Other revenue6%$550K
Investment income$2K
— government grantsLn 1e$3.6M
Total revenueLn 12$9.5M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.82 Management & general $0.14 Fundraising $0.03
Program services82%$7.4M
Management & general14%$1.3M
Fundraising3%$295K
Total functional expensesLn 25$9.0M

Balance Sheet

Part X · end of year
CashLn 1$2.0M
Total assetsLn 16$8.2M
Total liabilitiesLn 26$5.4M
Total net assetsLn 32$2.9M
Months of cash on handcomputed2.7

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $2.7M · Operating expenses/yr $9.0M
3.6 months
Where the money goes
Program services
Program services $7.4M · Total expenses $9.0M
82%
Management & General
Management & general $1.3M · Total expenses $9.0M
14%
Fundraising
Fundraising $295K · Total expenses $9.0M
3%
Cost to raise $1
Fundraising expense $295K · Solicited contributions $740K
$0.40 to raise $1
Where the money comes from
Contribution dependence
Contributions & grants $4.4M · Total revenue $9.5M
46%
Government reliance
Government grants $3.6M · Total revenue $9.5M
38%
Earned-income share
Program service revenue $4.5M · Total revenue $9.5M
48%
Investment reliance
Investment income $2K · Total revenue $9.5M
0%
Program self-sufficiency
Program service revenue $4.5M · Total expenses $9.0M
50%
Growth & trend
Revenue growth (YoY)
This year $9.5M · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $2.9M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $9.5M · Expenses $9.0M
+4%
Liabilities-to-Assets
Total liabilities — · Total assets $8.2M
Net-asset ratio
Net assets $2.9M · Total assets $8.2M
35%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) $680K · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $8.2M
8%
People & payroll
Highest Reported Total Compensation
Individual Robert Hertz MD · Reported title MEDICAL DIRECTOR · Highest reported compensation $196K · Total expenses $9.0M
2%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $6.1M · Total expenses $9.0M
67%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 82%
Overhead ratio 14%
Fundraising cost ratio 7%
Legal fee ratio 1%
Accounting fee ratio 1%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 3 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2024 (Latest)$11.2M revenue · ⤓ 990 PDF
FY2023$10.4M revenue · ⤓ 990 PDF
FY2022$11.6M revenue · ⤓ 990 PDF
FY2021$11.3M revenue · ⤓ 990 PDF
FY2020$9.5M revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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