Equinox Inc
Nonprofit profile at a glance
- EIN
- 141437421
- IRS 990 coverage
- 2013–2024
- Forms available
- Form 990 2024
- Location
- Albany, NY, USA
- Phone
- 5184359931
- Rating
- 77
- Verdict
- SUPPORTED
- Rating confidence
- Standard
- Sector
- Low-Income & Subsidized Rental Housing
Reported finances
- Revenue
- $11,156,583
- Expenses
- $11,123,361
- Assets
- $8,887,223
- Liabilities
- $4,216,286
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
21 people listed
Executive titles in this filing
- JOHN HENLEY (CHIEF EXECUTIVE OFFICER)
Highest reported compensation
- ARIF SHAHABUDDIN (MEDICAL DIRECTOR): $188,500 total reported compensation
- JOHN HENLEY (CHIEF EXECUTIVE OFFICER): $143,396 total reported compensation
- KATHRYN FLETCHER (CHIEF ADMINISTRATIVE OFFIC): $135,893 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
Changing lives and strengthening communities in the capital region through a continuum of human services
What it reported doing in 2024
Youth services- equinox has a youth transitional housing program and a youth outreach center that serve youth within albany. The transitional housing program provides stable apartment settings for youth for a maximum of 18 months providing time and service to complete educational goals, secure employment and learn the skills needed to transition to their own apartments in the community. Equinox's youth outreach center is designed to help homeless or "on the street" youth by offering meals, safe-sex education and supplies, and other meaningful and fun after-school and evening programs.
Operating model
- Revenue model
- Mixed. Its operating money came from several sources; no one source provided a clear majority.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Program spending has declined or grown slowly and fundraising costs are high for each dollar raised.
Rating breakdown
- Financial Efficiency: 78
- Transparency & Controls: 70
- Accountability: 100
- Sustainability: 33
- Growth: 60
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 79.9%; rating input score 80
- Program expense ratio: 80.3%; rating input score 80
- Fundraising efficiency: $21.01 raised per $1 spent on fundraising; rating input score 58; 58th percentile among comparable filings
Transparency & Controls
- Consistency checks: 92.9%; rating input score 93; 10th percentile among comparable filings
- Pay-setting controls: 1 of 6 controls in place; rating input score 17
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Pass
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 9 of 9 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: Pass
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: 0.3%; rating input score 34; 34th percentile among comparable filings
- Total-asset coverage ratio: 0.8; rating input score 28; 28th percentile among comparable filings
- Liabilities to assets ratio: 0.47; rating input score 31; 31st percentile among comparable filings
- Officer compensation ratio: 6.1%; rating input score 42; 42nd percentile among comparable filings
Growth
- Program expense growth: -0.7% per year; rating input score 0; 9th percentile among comparable filings
- Revenue growth: 0.4% per year; rating input score 100; 10th percentile among comparable filings
- Asset growth: 0.3% per year; rating input score 100; 11th percentile among comparable filings
Details
- Where the money goes: 79.9% of revenue deployed · 80.3% of spending went to programs
- Governance: 16 of 16 board members independent · 9 of 9 filing controls reported
- Programs: 7 filed program accomplishments · $8.9M in reported program spending
- Leadership: top reported pay $188K · 21 people listed · 1 of 6 pay-setting controls reported
- Highest-paid contractors: 2 contractors listed · $461K reported
- Consistency: 31 of 32 current checks pass · 1 finding to review
- Schedules: 7 filed schedules · includes major donors and executive pay
- Filing history: 11 filing years from 2013 to 2024
- Contacts: How to reach this organization
- Money network: 5 filed money-flow records
- Related organizations: 2 filed related-organization links
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Growth: Program expense growth scored 0/100.
- Review — Financial Efficiency: Fundraising efficiency scored 58/100.
- Moderate — Sustainability: Operating margin scored 34/100.
- High — Sustainability: Total-asset coverage ratio scored 28/100.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- Moderate — Sustainability: Liabilities to assets ratio scored 31/100.
- Moderate — Sustainability: Officer compensation ratio scored 42/100.