Thresholds Housing INC EIN 36-3071248 Form 990 (PDF) Claim this org

Thresholds Housing INC

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Provides supportive housing and tailored services to help individuals in Chicago recover from severe and persistent mental illness. For fiscal year 2024 it reported $184K in revenue, $184K in expenses, and $107K in net assets.Pt I

Founded
1980
Type
Supporting organization · Mental Health
Location
Chicago, IL
Website
www.thresholds.org
Filings
5 on file (2020–2024)
Revenue
$184KFY2024
Expenses
$184K
Net assets
$107K
People
66
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-3071248 Supporting organization Chicago, IL Founded 1980
Form 990 (PDF)
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Size
$100K–1M
What they do
Provides supportive housing and tailored services to help individuals in Chicago recover from severe and persistent mental illness.
Leadership
Cynthia Jones · Vice Chair - Beg 12/31
Money in and out
$184K revenue, $184K expenses
Bottom line
-0.1% net inflow
Money in and out · FY2024
Total revenue
$184K
Pt VIII · Ln 12
Total expenses
$184K
Pt IX · Ln 25
Net assets
$107K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): −$272
Where spending went · Part IX cols B–D
Program services $0.87 Management & general $0.13
Net inflow
-0.1%
revenue over expenses, this year▲ +99% vs prior filing year
Pass-through gifts
0%
of revenue from contributions
Program spending
87%
of expenses reach stated programs-0.4% vs prior filing year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$184K
FY2024▲ +6%
Expenses
$184K
FY2024▼ -4%
Total assets
$634K
FY2024▼ -6%
Total liabilities
$528K
FY2024▼ -7%
Total revenue
$184K
Pt VIII · Ln 12
Total expenses
$184K
Pt IX · Ln 25
Net assets
$107K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19−$272
Total assetsPt X · Ln 16$634K
Program-expense ratioPt IX · col B87%
Voting members of governing bodyPt I · Ln 347
Independent voting membersPt I · Ln 447

Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CThresholds Housing INC
EINHdr · item D36-3071248
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.thresholds.org
Year of formationHdr · item L1980
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFMental Health (F33Z)
Ruling yearIRS BMFAug 1980

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 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Vice Chair - Beg 12/31
$0Pt VII · Sec A
Assistant Treasurer - Thru 12/31
$0Pt VII · Sec A
President - Thru 12/31
$0Pt VII · Sec A
Assistant Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
Chair - Beg 12/31
$0Pt VII · Sec A
Secretary
$0Pt VII · Sec A
$0Pt VII · Sec A
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Mission & Programs · Part III

Where the work happens

1 program service account for $160K of program spending, described in the organization's own filed words · FY2024.
01

Thresholds housing, INC.(PROJECT) is a nonprofit social service agency which provides housing facilities and services specially designed to meet the physical, social and psychological needs of individuals facing the challenge of recovery from severe and persistent mental illness.

$160Kprogram expense

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Statement of Revenue

Part VIII
Program service revenue100%$183K
Investment income$5
Total revenueLn 12$184K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.87 Management & general $0.13
Program services87%$160K
Management & general13%$24K
Total functional expensesLn 25$184K

Balance Sheet

Part X · end of year
CashLn 1$84K
Total assetsLn 16$634K
Total liabilitiesLn 26$528K
Total net assetsLn 32$107K
Months of cash on handcomputed5.5

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $84K · Operating expenses/yr $184K
5.5 months
Where the money goes
Program services
Program services $160K · Total expenses $184K
87%
Management & General
Management & general $24K · Total expenses $184K
13%
Fundraising
Fundraising $0 · Total expenses $184K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $184K
0%
Government reliance
Government grants — · Total revenue $184K
Earned-income share
Program service revenue $183K · Total revenue $184K
100%
Investment reliance
Investment income $5 · Total revenue $184K
<0.01%
Program self-sufficiency
Program service revenue $183K · Total expenses $184K
100%
Growth & trend
Revenue growth (YoY)
This year $184K · Prior year $174K
+6%
Revenue CAGR
FY2019 $167K · FY2024 $184K
+2%
Net-asset trend (YoY)
End of year $107K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $184K · Expenses $184K
-0.1%
Liabilities-to-Assets
Total liabilities — · Total assets $634K
Net-asset ratio
Net assets $107K · Total assets $634K
17%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $634K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Cynthia Jones · Reported title VICE CHAIR - BEG 12/31 · Highest reported compensation $0 · Total expenses $184K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $16K · Total expenses $184K
9%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 87%
Overhead ratio 13%
Revenue growth 6%

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 · FY2022
Total grants receivedfrom 1 funder$1K

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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$174K revenue · ⤓ 990 PDF
FY2023$116K revenue · ⤓ 990 PDF
FY2022$172K revenue · ⤓ 990 PDF
FY2021$169K revenue · ⤓ 990 PDF
FY2020$167K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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