The Thresholds EIN 36-2518901

The Thresholds FY2022 filing

EIN  36-2518901 Public charity (501(c)(3)) Chicago, IL Founded 1963
Form 990 (PDF)
You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2024) →
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Verified accurate 7/6/26 · see original filing: IRS
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Size
$100M+
What they do
Provides comprehensive mental health, substance use recovery, vocational rehabilitation, and housing support services to help individuals fully integrate into their communities.
Leadership
Mark Ishaug · Chief Executive Officer · $440K
Money in and out
$101.6M revenue, $97.7M expenses

Provides comprehensive mental health, substance use recovery, vocational rehabilitation, and housing support services to help individuals fully integrate into their communities. For fiscal year 2022 it reported $101.6M in revenue, $97.7M in expenses, and $62.0M in net assets.Pt I

Where the money goes · FY2022
Total revenue
$101.6M
Pt VIII · Ln 12
Total expenses
$97.7M
Pt IX · Ln 25
Net assets
$62.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $3.9M
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.11 Fundraising $0.01

Summary of the Filing

Part I · fiscal year 2022 · Form 990-T
Revenue
$101.6M
FY2022▲ +2%
Expenses
$97.7M
FY2022▲ +5%
Total assets
$85.1M
FY2022▼ -10%
Total liabilities
$23.1M
FY2022▼ -29%
Total revenue
$101.6M
Pt VIII · Ln 12
Total expenses
$97.7M
Pt IX · Ln 25
Net assets
$62.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$3.9M
Total assetsPt X · Ln 16$85.1M
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 347
Independent voting membersPt I · Ln 447
Mission & Programs · Part III

Where the work happens

3 program services account for $68.6M of program spending, described in the organization's own filed words · FY2021.
01

Prevention of hospitalizationthresholds provides mental health services, substance use treatment services, and care coordination to help individuals with serious mental illnesses and substance use conditions to achieve their life goals.

$50.7Mprogram expense
02

Independent livingthresholds provides a wide variety of community-based, affordable housing options including independent apartments, apartment buildings with services on site, and supported and supervised group home settings. Thresholds provides affordable housing for approximately 1,000 people per year.

$15.2Mprogram expense
03

Vocational and social rehabilitation thresholds provides evidence-based supported employment services to people with mental illness and substance use disorders. Last year thresholds provided employment services to approximately 700 individuals. Thresholds provides wraparound services that supports full integration into community life.

$2.7Mprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThe Thresholds
EINHdr · item D36-2518901
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.thresholds.org
Year of formationHdr · item L1963
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFNonprofit
Ruling yearIRS BMFMar 1965

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a47
Independent voting membersPt VI · Ln 1b47
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 · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
Chief Executive Officer
$439,681Pt VII · Sec A
$242,563Pt VII · Sec A
Chief Financial Officer
$240,441Pt VII · Sec A
Medical Director
$208,746Pt VII · Sec A
Psychiatrist - Part Time
$196,681Pt VII · Sec A
Chief Clinical Officer
$189,860Pt VII · Sec A
Chief Operating Officer
$178,978Pt VII · Sec A
Chief Talent Officer
$149,022Pt VII · Sec A

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

NameFY2024FY2024FY2023FY2022FY2021FY2020
Mark S Ishaug$542,387
Mark Ishaug$425,860$403,882$439,681$370,585$368,454
Al G Shoreibah CPA MBA$271,004$257,945$244,996$240,441$230,939
Susan Leese-Buratto MD$270,576$262,069$249,543$242,563$211,638$207,988
Steven Weinstein MD$236,717$225,876$211,860$208,746$210,859$226,705
Wesley J Cook DO$233,822$215,976
Al G Shoreibah$229,287
Kimberly T Meyer MD$216,821$210,138$202,001$196,681$177,351$172,996

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
Contributions & grants$65.8M · 65%
Program service revenue$37.7M · 37%
Contributions & grants65%$65.8M
Program service revenue37%$37.7M
— government grantsLn 1e$55.0M
Total revenueLn 12$101.6M

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.11 Fundraising $0.01
Program services87%$85.3M
Management & general11%$11.0M
Fundraising1%$1.3M
Total functional expensesLn 25$97.7M

Balance Sheet

Part X · end of year
CashLn 1$24.1M
Total assetsLn 16$85.1M
Total liabilitiesLn 26$23.1M
Total net assetsLn 32$62.0M
Months of cash on handcomputed3.0

Grants

Schedule I · received and paid
Grants received · FY2025
Total grants receivedfrom 1 funder$15K
Grants paid · 4 grants · $2.8M · 2021–2024
Thresholds Health NfpIL · FY2024$600,000
Thresholds Health NfpIL · FY2023$680,181
Thresholds Health NfpIL · FY2022$500,000
Thresholds Health NfpIL · FY2021$1,000,000

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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$120.6M revenue · ⤓ 990 PDF
FY2023$109.8M revenue · ⤓ 990 PDF
FY2022$101.6M revenue · viewing · ⤓ 990 PDF
FY2021$99.9M revenue · ⤓ 990 PDF
FY2020$94.2M revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2022IRS
Classification, formation year, addressIRS Business Master File
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