Thresholds Housing INC FY2021 filing

Tax-deductible

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

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.
82¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · 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
82%
of spending
Looks good: 82% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
14 mo
of spending, in cash
Looks good: 13.7 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
$566K
72% of total assets
Worth a look: liabilities are 72% of assets; over 65%.
Pt X · Ln 26
Independent board members
44
of 44 voting members
Looks good: 44 of 44 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$169K
+1% vs prior year
Spent
$144K
To programs
82%
Net assets
$220K
By yearFY2020–FY2024
Revenue
$169K
FY2021▲ +1%
Revenue by fiscal year
FY2020$167K
FY2021$169K
FY2022$172K
FY2023$116K
FY2024$174K
FY2024$184K
Expenses
$144K
FY2021▼ -5%
Expenses by fiscal year
FY2020$151K
FY2021$144K
FY2022$209K
FY2023$174K
FY2024$191K
FY2024$184K
Net assets
$220K
FY2021▲ +13%
Net assets by fiscal year
FY2020$195K
FY2021$220K
FY2022$183K
FY2023$124K
FY2024$107K
FY2024$107K

From the FY2021 Form 990 (year ending June 2021) · see the original

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You’re viewing the FY2021 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

82 cents of each dollar spent went to programs.

Program services 82% · $118K Management & general 18% · $25K

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

Who runs it and what they're paid

58 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
President - Beg. 12/31
$0Pt VII · Sec A
President - Thru 12/31
$0Pt VII · Sec A
Vice President - Beg. 12/31
$0Pt VII · Sec A
$0Pt VII · Sec A
Assistant Treasurer
$0Pt VII · Sec A
Secretary - Beg. 12/31
$0Pt VII · Sec A
Secretary - Thru 12/31
$0Pt VII · Sec A
Assistant Secretary - Beg. 12/31
$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

This section is blank until Thresholds Housing INC claims this page.

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1 program service account for $118K of program spending, described in the organization's own filed words · FY2020.
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.

$118Kprogram 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 FY2021 990, line by line.

1The main four
Money inPt VIII
$169K
Ln 12
Fees for servicesLn 2g$169K
Investment incomeLn 3$11
Money outPt IX
$144K
Ln 25
Programscol B$118K
Managementcol C$25K
Owns and owesPt X
$220K
net assets · Ln 32
Cash and savingsLn 1–2$164K
Total assetsLn 16$786K
LiabilitiesLn 26$566K
PeoplePt VI, VII
58
listed · VII A
PaidVII A0
Voting boardVI 1a44
IndependentVI 1b44
2In more detail
Revenue in detailPt VIII
Fees for servicesLn 2g$169K
Investment incomeLn 3$11
Total revenueLn 12$169K
Assets in detailPt X, end of year
CashLn 1$46K
SavingsLn 2$117K
Cash and savings togetherLn 1–2$164K
Land, buildings, equipmentLn 10c$584K
Total assetsLn 16$786K
LiabilitiesLn 26$566K
Net assetsLn 32$220K
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 FY21End FY21
Cash and savingsLn 1–2$178K$164K
Land, buildings, equipmentLn 10c$574K$584K
Total assetsLn 16$778K$786K
LiabilitiesLn 26$584K$566K
Net assetsLn 32$195K$220K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$10K$1K$9K
Other employee benefitsLn 9$3K$3K
Management feesLn 11a$10K$10K
Accounting feesLn 11c$4K$4K
Office expensesLn 13$564$564
OccupancyLn 16$56K$56K
Conferences, conventions and meetingsLn 19$775$775
InterestLn 20$32K$32K
Depreciation, depletion and amortizationLn 22$16K$16K
InsuranceLn 23$5K$5K
Other expenses (24a–d)Ln 24$6K$6K
Total functional expensesLn 25$144K$118K$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 Viewing $169K$144K$25K$220K 990 PDF
FY2020 $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 FY2021 990 (4 parts)
Part VIII · Statement of revenue $168,757 across 3 lines filed
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $168,746$168,746
VIII-3 Investment incomeExcluded from tax $11$11
VIII-12 Total revenueRelated to mission $168,746 · Unrelated business $0 · Excluded from tax $11$168,757
Part IX · Statement of functional expenses $143,773 across 11 lines filed
IX-6 Pay of disqualified personsPrograms $1,162 · Management $9,257$10,419
IX-9 Other employee benefitsManagement $2,605$2,605
IX-11a Management feesManagement $9,636$9,636
IX-11c Accounting feesManagement $3,792$3,792
IX-13 Office expensesPrograms $564$564
IX-16 OccupancyPrograms $55,643$55,643
IX-19 Conferences, conventions and meetingsPrograms $775$775
IX-20 InterestPrograms $32,319$32,319
IX-22 Depreciation, depletion and amortizationPrograms $16,433$16,433
IX-23 InsurancePrograms $5,279$5,279
IX-24 Other expenses (24a–d)Programs $6,308$6,308
IX-25 Total functional expensesPrograms $118,483 · Management $25,290 · Fundraising $0$143,773
Part X · Balance sheet $785,959 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $86,881$46,383
X-2 Savings and temporary cash investmentsStart of year $91,051$117,495
X-4 Accounts receivableStart of year $13,629$26,905
X-10c Land, buildings and equipment, netStart of year $574,419$583,667
X-14 Intangible assetsStart of year $12,189$11,509
X-16 Total assetsStart of year $778,169$785,959
X-17 Accounts payable and accrued expensesStart of year $4,343$2,328
X-25 Other liabilitiesStart of year $17,622$11,224
X-26 Total liabilitiesStart of year $583,533$566,339
X-27 Net assets without donor restrictionsStart of year $194,636$219,620
X-32 Total net assets or fund balancesStart of year $194,636$219,620
X-33 Total liabilities and net assetsStart of year $778,169$785,959
Part XI · Reconciliation of net assets $219,620 net assets at year end
XI-1 Total revenue$168,757
XI-2 Total expenses$143,773
XI-3 Revenue less expenses$24,984
XI-4 Net assets at start of year$194,636
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$219,620

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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