Transitional Housing INC EIN 36-3191926 Form 990 (PDF) Claim this org

Transitional Housing INC FY2020 filing

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Provides housing facilities and supportive services in Chicago to help individuals recovering from severe and persistent mental illness meet their physical, social, and psychological needs. For fiscal year 2020 it reported $266K in revenue, $221K in expenses, and $54K in net assets.Pt I

Founded
1982
Type
Supporting organization · Human Services
Location
Chicago, IL
Website
www.thresholds.org
Filings
5 on file (2020–2020)
Revenue
$266KFY2020
Expenses
$221K
Net assets
$54K
People
51
Filings
5
Updates
0
More identity details & actions ⌄
EIN  36-3191926 Supporting organization Chicago, IL Founded 1982
Form 990 (PDF)
You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2024) →
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Size
$100K–1M
What they do
Provides housing facilities and supportive services in Chicago to help individuals recovering from severe and persistent mental illness meet their physical, social, and psychological needs.
Leadership
Mark Ishaug · Chief Executive Officer
Money in and out
$266K revenue, $221K expenses
Bottom line
+17% net inflow
Money in and out · FY2020
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$221K
Pt IX · Ln 25
Net assets
$54K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $45K
Where spending went · Part IX cols B–D
Program services $0.84 Management & general $0.16
Net inflow
+17%
revenue over expenses, this year
Pass-through gifts
0%
of revenue from contributions
Program spending
84%
of expenses reach stated programs

Summary of the Filing

Part I · fiscal year 2020 · Form 990
Revenue
$266K
FY2020
Expenses
$221K
FY2020
Total assets
$587K
FY2020
Total liabilities
$533K
FY2020
Total revenue
$266K
Pt VIII · Ln 12
Total expenses
$221K
Pt IX · Ln 25
Net assets
$54K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$45K
Total assetsPt X · Ln 16$587K
Program-expense ratioPt IX · col B84%
Voting members of governing bodyPt I · Ln 343
Independent voting membersPt I · Ln 443
Mission & Programs · Part III

Where the work happens

1 program service account for $185K of program spending, described in the organization's own filed words · FY2019.
01

Transitional 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.

$185Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CTransitional Housing INC
EINHdr · item D36-3191926
Principal addressHdr · item CChicago, IL
WebsiteHdr · item Jwww.thresholds.org
Year of formationHdr · item L1982
State of legal domicileHdr · item MIL
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P73Z)
Ruling yearIRS BMFSep 1982

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a43
Independent voting membersPt VI · Ln 1b43
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 · 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
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Statement of Revenue

Part VIII
Program service revenue$248K · 93%
Other revenue$18K · 7%
Program service revenue93%$248K
Other revenue7%$18K
Investment income$84
Total revenueLn 12$266K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.84 Management & general $0.16
Program services84%$185K
Management & general16%$36K
Total functional expensesLn 25$221K

Balance Sheet

Part X · end of year
CashLn 1$219K
Total assetsLn 16$587K
Total liabilitiesLn 26$533K
Total net assetsLn 32$54K
Months of cash on handcomputed11.9

Financial Metrics

Form 990 · FY2020 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $219K · Operating expenses/yr $221K
11.9 months
Where the money goes
Program services
Program services $185K · Total expenses $221K
84%
Management & General
Management & general $36K · Total expenses $221K
16%
Fundraising
Fundraising $0 · Total expenses $221K
0%
Cost to raise $1
Fundraising expense $0 · Solicited contributions $0
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $0 · Total revenue $266K
0%
Government reliance
Government grants — · Total revenue $266K
Earned-income share
Program service revenue $248K · Total revenue $266K
93%
Investment reliance
Investment income $84 · Total revenue $266K
+0.03%
Program self-sufficiency
Program service revenue $248K · Total expenses $221K
112%
Growth & trend
Revenue growth (YoY)
This year $266K · Prior year —
No prior year on file
Net-asset trend (YoY)
End of year $54K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $266K · Expenses $221K
+17%
Liabilities-to-Assets
Total liabilities — · Total assets $587K
Net-asset ratio
Net assets $54K · Total assets $587K
9%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $587K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Mark Ishaug · Reported title CHIEF EXECUTIVE OFFICER · Highest reported compensation $0 · Total expenses $221K
0%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $20K · Total expenses $221K
9%
Peer comparison

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

MetricThis orgPeer medianPercentile
Program ratio 84%
Overhead ratio 16%
Legal fee ratio 0.6%
Accounting fee ratio 2%

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.

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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$269K revenue · ⤓ 990 PDF
FY2023$256K revenue · ⤓ 990 PDF
FY2022$260K revenue · ⤓ 990 PDF
FY2021$271K revenue · ⤓ 990 PDF
FY2020$266K revenue · viewing · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2020IRS
Classification, formation year, addressIRS Business Master File
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