Thresholds Housing INC FY2020 filing

Tax-deductible

Chicago, IL501(c)(3)Since 1980Mental HealthEIN 36-3071248

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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.

501(c)(3) charity; gifts are tax-deductible.
83¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2020 · 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
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
2 of 5
filings with a surplus
Average deficit $14K a year · 9% of revenue · last 5 filings
Concern: a surplus in 2 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
83%
of spending
Looks good: 83% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 14.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $1K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$584K
75% of total assets
Worth a look: liabilities are 75% of assets; over 65%.
Pt X · Ln 26
Independent board members
43
of 43 voting members
Looks good: 43 of 43 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$167K
Spent
$151K
To programs
83%
Net assets
$195K
By yearFY2020–FY2024
Revenue
$167K
FY2020
Revenue by fiscal year
FY2020$167K
FY2021$169K
FY2022$172K
FY2023$116K
FY2024$174K
FY2024$184K
Expenses
$151K
FY2020
Expenses by fiscal year
FY2020$151K
FY2021$144K
FY2022$209K
FY2023$174K
FY2024$191K
FY2024$184K
Net assets
$195K
FY2020
Net assets by fiscal year
FY2020$195K
FY2021$220K
FY2022$183K
FY2023$124K
FY2024$107K
FY2024$107K

From the FY2020 Form 990 (year ending June 2020) · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1980.

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

Where the money goes

83 cents of each dollar spent went to programs.

Program services 83% · $126K Management & general 17% · $25K

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

51 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2019); the FY2020 filing did not itemize Part VII
Chief Executive Officer
$0Pt VII · Sec A
Chief Financial Officer
$0Pt VII · Sec A
Chief Operating Officer
$0Pt VII · Sec A
Chief Clinical Officer
$0Pt VII · Sec A
General Counsel
$0Pt VII · Sec A
Chief Information Officer
$0Pt VII · Sec A
Chief Talent Officer
$0Pt VII · Sec A
Chief Development Officer
$0Pt VII · Sec A
See Thresholds Housing INC executive salaries →

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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 15aNo

Programs and updates

Provides supportive housing and tailored services to help individuals in Chicago recover from severe and persistent mental illness.

Provided by the organization

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1 program service account for $126K of program spending, described in the organization's own filed words · FY2019.
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.

$126Kprogram expense

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Funders

Who pays for it.

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

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$1K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$167K
Ln 12
Fees for servicesLn 2g$167K
Investment incomeLn 3$8
Money outPt IX
$151K
Ln 25
Programscol B$126K
Managementcol C$25K
Owns and owesPt X
$195K
net assets · Ln 32
Cash and savingsLn 1–2$178K
Total assetsLn 16$778K
LiabilitiesLn 26$584K
PeoplePt VI, VII
51
listed · VII A
PaidVII A0
Voting boardVI 1a43
IndependentVI 1b43
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$167K
Investment incomeLn 3$8
Total revenueLn 12$167K
Assets in detailPt X, end of year
CashLn 1$87K
SavingsLn 2$91K
Cash and savings togetherLn 1–2$178K
Land, buildings, equipmentLn 10c$574K
Total assetsLn 16$778K
LiabilitiesLn 26$584K
Net assetsLn 32$195K
OperationsPt I, VI
EmployeesI 50
VolunteersI 651
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$514K$178K
Land, buildings, equipmentLn 10c$311K$574K
Total assetsLn 16$826K$778K
LiabilitiesLn 26$647K$584K
Net assetsLn 32$179K$195K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$14K$5K$8K
Other employee benefitsLn 9$3K$3K
Management feesLn 11a$9K$9K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$889$889
OccupancyLn 16$59K$59K
InterestLn 20$33K$33K
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$7K$7K
Other expenses (24a–d)Ln 24$5K$5K
Total functional expensesLn 25$151K$126K$25K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $174K$191K−$17K$107K 990 PDF
FY2023 $116K$174K−$58K$124K 990 PDF
FY2022 $172K$209K−$37K$183K 990 PDF
FY2021 $169K$144K$25K$220K 990 PDF
FY2020 Viewing $167K$151K$16K$195K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2020 990 (4 parts)
Part VIII · Statement of revenue $166,567 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $166,559$166,559
VIII-3 Investment incomeExcluded from tax $8$8
VIII-12 Total revenueRelated to mission $166,559 · Unrelated business $0 · Excluded from tax $8$166,567
Part IX · Statement of functional expenses $150,991 across 10 lines filed
IX-6 Pay of disqualified personsPrograms $5,276 · Management $8,389$13,665
IX-9 Other employee benefitsManagement $3,416$3,416
IX-11a Management feesManagement $9,412$9,412
IX-11c Accounting feesManagement $3,792$3,792
IX-13 Office expensesPrograms $889$889
IX-16 OccupancyPrograms $59,072$59,072
IX-20 InterestPrograms $32,751$32,751
IX-22 Depreciation, depletion and amortizationPrograms $16,433$16,433
IX-23 InsurancePrograms $7,018$7,018
IX-24 Other expenses (24a–d)Programs $4,543$4,543
IX-25 Total functional expensesPrograms $125,982 · Management $25,009 · Fundraising $0$150,991
Part X · Balance sheet $778,169 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $439,690$86,881
X-2 Savings and temporary cash investmentsStart of year $73,968$91,051
X-4 Accounts receivableStart of year $1,130$13,629
X-10c Land, buildings and equipment, netStart of year $311,117$574,419
X-14 Intangible assetsStart of year $0$12,189
X-16 Total assetsStart of year $825,905$778,169
X-17 Accounts payable and accrued expensesStart of year $64,903$4,343
X-25 Other liabilitiesStart of year $12,151$17,622
X-26 Total liabilitiesStart of year $646,845$583,533
X-27 Net assets without donor restrictionsStart of year $179,060$194,636
X-32 Total net assets or fund balancesStart of year $179,060$194,636
X-33 Total liabilities and net assetsStart of year $825,905$778,169
Part XI · Reconciliation of net assets $194,636 net assets at year end
XI-1 Total revenue$166,567
XI-2 Total expenses$150,991
XI-3 Revenue less expenses$15,576
XI-4 Net assets at start of year$179,060
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$194,636

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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