The Thresholds FY2024 filing

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Thresholds provides innovative behavioral and primary healthcare that promotes empowerment, well-being, and full participation in community life. Through unwavering community-based engagement, support, and advocacy, Thresholds helps people living with mental health and substance use conditions find home, health, and hope.

501(c)(3) charity; gifts are tax-deductible.
87¢ of each $1 spent went to programs.
$3.6M paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
6 of 6
filings with a surplus
Average surplus $4.9M a year · 4% of revenue · last 6 filings
Looks good: a surplus in 6 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
87%
of spending
Looks good: 87% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$3.6M
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
<1 mo
of spending, in cash
Plus $30.1M in investments, Pt X · Ln 11–13
Fine: 0.8 months of spending in cash, plus $30.1M in investments.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$24.6M
26% of total assets
Looks good: liabilities are 26% of assets; 50% or less.
Pt X · Ln 26
Independent board members
47
of 47 voting members
Looks good: 47 of 47 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$120.6M
+10% vs prior year
Spent
$117.4M
To programs
87%
Net assets
$68.9M
By yearFY2020–FY2025
Revenue
$120.6M
FY2024▲ +10%
Tap a bar for its year
Revenue by fiscal year
FY2020$94.2M
FY2021$99.9M
FY2022$101.6M
FY2023$109.8M
FY2024$120.6M
FY2025$137.6M
Expenses
$117.4M
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$90.7M
FY2021$92.9M
FY2022$97.7M
FY2023$107.5M
FY2024$117.4M
FY2025$128.0M
Net assets
$68.9M
FY2024▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020$53.1M
FY2021$62.2M
FY2022$62.0M
FY2023$64.2M
FY2024$68.9M
FY2025$79.8M

From the FY2024 Form 990 (year ending June 2024) · figures checked against the IRS filing · see the original

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You’re viewing the FY2024 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 1965.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

87 cents of each dollar spent went to programs.

Program services 87% · $102.3M Management & general 12% · $13.7M Fundraising 1% · $1.4M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

68 people listed on the 990; $3.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2023); the FY2024 filing did not itemize Part VII
Chief Executive Officer
$425,860Pt VII · Sec A
$262,069Pt VII · Sec A
Chief Financial Officer
$257,945Pt VII · Sec A
Medical Director
$225,876Pt VII · Sec A
Chief Medical Officer
$215,976Pt VII · Sec A
Psychiatrist - Part Time
$210,138Pt VII · Sec A
Chief Clinical Officer
$209,337Pt VII · Sec A
Chief Talent Officer
$204,914Pt VII · Sec A

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
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.

See The Thresholds executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides comprehensive mental health, substance use recovery, vocational rehabilitation, and housing support services to help individuals fully integrate into their communities.

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3 programs · $84.3M · in their own filed words · FY2023
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.

$60.0Mprogram 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.

$21.0Mprogram expense
03

Vocational and social rehabilitation thresholds provides evidence-based supported employment services to people with mental illness and substance use disorders. In FY24 thresholds provided employment services to 742 individuals. Thresholds provides wraparound services that supports full integration into community life.

$3.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

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

Federal money

Single Audit · Federal Audit Clearinghouse · money spent from federal programs
Year ending Jun 2025 · $26.0M federal money spent
Continuum of Care ProgramDepartment of Housing and Urban Development · ALN 14.267 · Direct and through County of McHenry$8.4M
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$4.8M
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Illinois Department of Human Services$3.2M
Certified Community Behavioral Health Clinic Expansion GrantsDepartment of Health and Human Services · ALN 93.696 · Direct$3.0M
Va Supportive Services for Veteran Families ProgramDepartment of Veterans Affairs · ALN 64.033 · Direct$2.3M

Plus 11 smaller programs.

The auditor reported no findings.

Year ending Jun 2024 · $53.0M federal money spent
Continuum of Care ProgramDepartment of Housing and Urban Development · ALN 14.267 · Direct and through Housing Forward and Pillars Community Services and 1 more$15.0M
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$9.4M
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Illinois Department of Human Services$9.3M
Certified Community Behavioral Health Clinic Expansion GrantsDepartment of Health and Human Services · ALN 93.696 · Direct$5.6M
Va Supportive Services for Veteran Families ProgramDepartment of Veterans Affairs · ALN 64.033 · Direct$3.3M

Plus 11 smaller programs.

The auditor reported 2 findings: a material weakness in money controls.

Year ending Jun 2023 · $24.3M federal money spent
Continuum of Care ProgramDepartment of Housing and Urban Development · ALN 14.267 · Direct and through Housing Forward and Pillars Community Services and 1 more$6.7M
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$4.6M
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Illinois Department of Human Services$4.4M
Va Supportive Services for Veteran Families ProgramDepartment of Veterans Affairs · ALN 64.033 · Direct$1.5M
Covid-19 - Provider Relief Fund and American Rescue Plan Rural DistributionDepartment of Health and Human Services · ALN 93.498 · Direct$1.4M

Plus 15 smaller programs.

The auditor reported 3 findings: a material weakness in money controls.

Year ending Jun 2022 · $22.2M federal money spent
Continuum of Care ProgramDepartment of Housing and Urban Development · ALN 14.267 · Direct and through Housing Forward and Pillars Community Services and 1 more$6.7M
Supportive Housing for Persons with DisabilitiesDepartment of Housing and Urban Development · ALN 14.181 · Direct$4.6M
Block Grants for Community Mental Health ServicesDepartment of Health and Human Services · ALN 93.958 · Through Illinois Department of Human Services$3.4M
Covid-19 - Coronavirus State and Local Fiscal Recovery FundsDepartment of the Treasury · ALN 21.027 · Through Illinois Department of Human Services$1.2M
Covid-19 - Provider Relief FundDepartment of Health and Human Services · ALN 93.498 · Direct$1.1M

Plus 15 smaller programs.

The auditor reported no findings.

By the numbers

The FY2024 990, line by line.

1The main four
Money inPt VIII
$120.6M
Ln 12
Gifts and grantsLn 1h$62.9M
Fees for servicesLn 2g$55.6M
Investment incomeLn 3$2.1M
Money outPt IX
$117.4M
Ln 25
Programscol B$102.3M
Managementcol C$13.7M
Fundraisingcol D$1.4M
Owns and owesPt X
$68.9M
net assets · Ln 32
Cash and savingsLn 1–2$8.3M
Total assetsLn 16$93.5M
LiabilitiesLn 26$24.6M
PeoplePt VI, VII
68
listed · VII A
PaidVII A17
Voting boardVI 1a47
IndependentVI 1b47
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$62.9M
Government grantsLn 1e$55.9M
Noncash giftsLn 1g$406K
Fundraising eventsLn 1c$995K
Fees for servicesLn 2g$55.6M
Investment incomeLn 3$2.1M
Other incomeLn 4–11$45K
Gains on assetsLn 7$622K
Total revenueLn 12$120.6M
Assets in detailPt X, end of year
CashLn 1$8.3M
Cash and savings togetherLn 1–2$8.3M
InvestmentsLn 11–13$30.1M
Land, buildings, equipmentLn 10c$18.1M
Other assetsLn 15$20.6M
Total assetsLn 16$93.5M
LiabilitiesLn 26$24.6M
Net assetsLn 32$68.9M
OperationsPt I, VI
EmployeesI 51,692
VolunteersI 652
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3More from this return
BondsSch K, Pt X
Tax-exempt bond debt owedX 20$4.0M
Bond issues listedSch K Pt I1
Raised by those issuesSch K Pt I$8.0M
Abroad and in kindSch F, M
Noncash gifts receivedSch M Pt I$406K
EndowmentSch D · Pt V
LineFY24FY23FY22FY21FY20
End of yearLn 1g$10.1M$8.9M$8.2M$9.7M$7.8M
SpentLn 1d–1f$21K$35K$63K$92K$54K
4Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$10.2M$8.3M
InvestmentsLn 11–13$23.3M$30.1M
Land, buildings, equipmentLn 10c$14.7M$18.1M
Total assetsLn 16$92.6M$93.5M
LiabilitiesLn 26$28.4M$24.6M
Net assetsLn 32$64.2M$68.9M
5Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$680K$680K
Pay of current officers, directors and key staffLn 5$3.1M$527K$2.4M$196K
Other salaries and wagesLn 7$65.7M$59.6M$5.6M$460K
Pension plan contributionsLn 8$1.2M$1.1M$91K$7K
Other employee benefitsLn 9$9.5M$8.5M$998K$61K
Payroll taxesLn 10$5.4M$4.7M$631K$49K
Legal feesLn 11b$125K$1K$124K$19
Accounting feesLn 11c$259K$86$259K
Lobbying feesLn 11d$297K$297K
Professional fundraising feesLn 11e$5K$5K
Investment management feesLn 11f$66K$66K
Other fees for servicesLn 11g$2.9M$2.2M$712K$10K
Office expensesLn 13$2.7M$2.7M$27K$7K
Information technologyLn 14$3.6M$2.6M$954K$29K
OccupancyLn 16$9.3M$8.7M$514K$31K
TravelLn 17$1.5M$1.4M$54K$5K
Conferences, conventions and meetingsLn 19$291K$96K$188K$7K
InterestLn 20$347K$52K$295K
Depreciation, depletion and amortizationLn 22$1.7M$1.7M$3K
InsuranceLn 23$1.4M$1.3M$97K$8K
Other expenses (24a–d)Ln 24$6.7M$6.3M$81K$350K
All other expensesLn 24e$635K$148K$300K$187K
Total functional expensesLn 25$117.4M$102.3M$13.7M$1.4M

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 6, 2026 $137.6M$128.0M$9.6M$79.8M 990 PDF
FY2024 ViewingFiled with the IRS May 13, 2025 $120.6M$117.4M$3.2M$68.9M 990 PDF
FY2023Filed with the IRS May 8, 2024 $109.8M$107.5M$2.3M$64.2M 990 PDF
FY2022 $101.6M$97.7M$3.9M$62.0M 990 PDF
FY2021Filed with the IRS May 11, 2022 $99.9M$92.9M$7.0M$62.2M 990 PDF
FY2020Filed with the IRS May 4, 2021 $94.2M$90.7M$3.5M$53.1M 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support M · Noncash J · Pay O · Explanations
See the full FY2024 990 (6 parts)
Part I · Summary $120,610,303 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $52,241,498$62,864,742
I-9 Program service revenuePrior year $55,555,166$55,578,602
I-10 Investment incomePrior year $1,969,325$2,121,884
I-11 Other revenuePrior year $8,562$45,075
I-12 Total revenuePrior year $109,774,551$120,610,303
I-13 Grants and similar amounts paidPrior year $500,000$680,181
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $77,109,669$85,007,849
I-16a Professional fundraising feesPrior year $7,500$5,000
I-17 Other expensesPrior year $29,835,426$31,737,049
I-18 Total expensesPrior year $107,452,595$117,430,079
I-19 Revenue less expensesPrior year $2,321,956$3,180,224
Part VI · Governance 47 of 47 board members independent, no flags
VI-1a Voting members of the governing body47
VI-1b Independent voting members47
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $120,610,303 across 12 lines filed
Lines not itemized here account for $444,642 of total revenue; see the IRS return.
VIII-1c Fundraising events$995,367
VIII-1e Government grants$55,897,506
VIII-1f All other contributions, gifts and grants$5,971,869
VIII-1g Noncash contributions (included above)$406,114
VIII-1h Total contributions, gifts and grants$62,864,742
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $55,133,960$55,133,960
VIII-3 Investment incomeExcluded from tax $1,499,804$1,499,804
VIII-6 Net rental income or lossRelated to mission −$42,587 · Unrelated business $2,751 · Excluded from tax $134,698$94,862
VIII-7 Net gain or loss on sales of assetsExcluded from tax $622,080$622,080
VIII-8 Net income from fundraising eventsExcluded from tax −$208,360−$208,360
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Related to mission $158,573$158,573
VIII-12 Total revenueRelated to mission $55,694,588 · Unrelated business $2,751 · Excluded from tax $2,048,222$120,610,303
Part IX · Statement of functional expenses $117,430,079 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $680,181$680,181
IX-5 Pay of current officers, directors and key staffPrograms $526,558 · Management $2,402,924 · Fundraising $196,028$3,125,510
IX-7 Other salaries and wagesPrograms $59,634,839 · Management $5,631,282 · Fundraising $460,018$65,726,139
IX-8 Pension plan contributionsPrograms $1,117,130 · Management $90,757 · Fundraising $6,831$1,214,718
IX-9 Other employee benefitsPrograms $8,475,120 · Management $998,046 · Fundraising $61,145$9,534,311
IX-10 Payroll taxesPrograms $4,726,647 · Management $631,463 · Fundraising $49,061$5,407,171
IX-11b Legal feesPrograms $1,276 · Management $123,998 · Fundraising $19$125,293
IX-11c Accounting feesPrograms $86 · Management $258,975$259,061
IX-11d Lobbying feesManagement $297,491$297,491
IX-11e Professional fundraising feesFundraising $5,000$5,000
IX-11f Investment management feesManagement $66,145$66,145
IX-11g Other fees for servicesPrograms $2,183,788 · Management $712,479 · Fundraising $9,661$2,905,928
IX-13 Office expensesPrograms $2,676,886 · Management $27,192 · Fundraising $7,095$2,711,173
IX-14 Information technologyPrograms $2,578,412 · Management $953,706 · Fundraising $28,809$3,560,927
IX-16 OccupancyPrograms $8,711,307 · Management $514,384 · Fundraising $31,318$9,257,009
IX-17 TravelPrograms $1,445,869 · Management $53,690 · Fundraising $4,971$1,504,530
IX-19 Conferences, conventions and meetingsPrograms $96,152 · Management $188,482 · Fundraising $6,606$291,240
IX-20 InterestPrograms $52,256 · Management $294,941$347,197
IX-22 Depreciation, depletion and amortizationPrograms $1,719,045 · Management $3,377$1,722,422
IX-23 InsurancePrograms $1,260,183 · Management $97,242 · Fundraising $7,995$1,365,420
IX-24 Other expenses (24a–d)Programs $6,256,536 · Management $81,326 · Fundraising $350,021$6,687,883
IX-24e All other expensesPrograms $148,238 · Management $299,644 · Fundraising $187,448$635,330
IX-25 Total functional expensesPrograms $102,290,509 · Management $13,727,544 · Fundraising $1,412,026$117,430,079
Part X · Balance sheet $93,505,506 assets, 18 lines filed
X-1 Cash, non-interest-bearingStart of year $10,172,556$8,256,165
X-3 Pledges and grants receivableStart of year $13,501,320$12,980,501
X-4 Accounts receivableStart of year $9,311,024$2,579,550
X-9 Prepaid expenses and deferred chargesStart of year $855,821$941,708
X-10c Land, buildings and equipment, netStart of year $14,742,987$18,114,296
X-11 Publicly traded securitiesStart of year $21,131,557$27,904,457
X-13 Program-related investmentsStart of year $2,168,584$2,168,584
X-15 Other assetsStart of year $20,696,632$20,560,245
X-16 Total assetsStart of year $92,580,481$93,505,506
X-17 Accounts payable and accrued expensesStart of year $8,090,179$9,191,143
X-19 Deferred revenueStart of year $2,163,508$661,218
X-20 Tax-exempt bond liabilitiesStart of year $4,259,595$4,010,348
X-25 Other liabilitiesStart of year $6,169,110$5,443,317
X-26 Total liabilitiesStart of year $28,397,226$24,625,116
X-27 Net assets without donor restrictionsStart of year $51,728,012$56,029,987
X-28 Net assets with donor restrictionsStart of year $12,455,243$12,850,403
X-32 Total net assets or fund balancesStart of year $64,183,255$68,880,390
X-33 Total liabilities and net assetsStart of year $92,580,481$93,505,506
Part XI · Reconciliation of net assets $68,880,390 net assets at year end
XI-1 Total revenue$120,610,303
XI-2 Total expenses$117,430,079
XI-3 Revenue less expenses$3,180,224
XI-4 Net assets at start of year$64,183,255
XI-5 Net unrealized gains (losses) on investments$1,516,911
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$68,880,390

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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