Thi-8 INC FY2021 filing

Tax-deductible

Chicago, IL501(c)(3)Since 1991EIN 36-3783910

Thi-08 (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.
88¢ 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
0 of 5
filings with a surplus
Average deficit $182K a year · 98% of revenue · last 5 filings
Concern: a surplus in 0 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Cash reserves
8 mo
of spending, in cash
Looks good: 8.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$2.3M
273% of total assets
Concern: liabilities are 273% of assets; over 80%.
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
$188K
+1% vs prior year
Spent
$342K
To programs
88%
Net assets
−$1.4M
By yearFY2020–FY2024
Revenue
$188K
FY2021▲ +1%
Revenue by fiscal year
FY2020$185K
FY2021$188K
FY2022$185K
FY2023$185K
FY2024$186K
FY2024$186K
Expenses
$342K
FY2021▲ +0.7%
Expenses by fiscal year
FY2020$340K
FY2021$342K
FY2022$336K
FY2023$400K
FY2024$421K
FY2024$419K
Net assets
−$1.4M
FY2021▼ -12%
Net assets by fiscal year
FY2020−$1.3M
FY2021−$1.4M
FY2022−$1.6M
FY2023−$1.8M
FY2024−$2.0M
FY2024−$2.3M

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 Dec 1991.

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

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $301K Management & general 12% · $41K

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 Thi-8 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 specialized housing facilities and supportive services in Chicago to meet the physical, social, and psychological needs of adults recovering from persistent mental illness.

Provided by the organization

This section is blank until Thi-8 INC claims this page.

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1 program service account for $301K of program spending, described in the organization's own filed words · FY2020.
01

THI-08 (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.

$301Kprogram expense

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Funders

Who pays for it.

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

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$188K
Ln 12
Fees for servicesLn 2g$188K
Investment incomeLn 3$100
Money outPt IX
$342K
Ln 25
Programscol B$301K
Managementcol C$41K
Owns and owesPt X
−$1.4M
net assets · Ln 32
Cash and savingsLn 1–2$231K
Total assetsLn 16$825K
LiabilitiesLn 26$2.3M
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$188K
Investment incomeLn 3$100
Total revenueLn 12$188K
Assets in detailPt X, end of year
CashLn 1$22K
SavingsLn 2$209K
Cash and savings togetherLn 1–2$231K
Land, buildings, equipmentLn 10c$549K
Other assetsLn 15$16K
Total assetsLn 16$825K
LiabilitiesLn 26$2.3M
Net assetsLn 32−$1.4M
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$213K$231K
Land, buildings, equipmentLn 10c$681K$549K
Total assetsLn 16$934K$825K
LiabilitiesLn 26$2.2M$2.3M
Net assetsLn 32−$1.3M−$1.4M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$64K$61K$3K
Payroll taxesLn 10$16K$16K
Management feesLn 11a$12K$12K
Accounting feesLn 11c$10K$10K
Office expensesLn 13$708$708
OccupancyLn 16$96K$96K
InterestLn 20$1K$1K
Depreciation, depletion and amortizationLn 22$131K$131K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$2K$2K
Total functional expensesLn 25$342K$301K$41K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 $186K$421K−$235K−$2.0M 990 PDF
FY2023 $185K$400K−$215K−$1.8M 990 PDF
FY2022 $185K$336K−$151K−$1.6M 990 PDF
FY2021 Viewing $188K$342K−$154K−$1.4M 990 PDF
FY2020 $185K$340K−$154K−$1.3M 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 $187,750 across 2 lines filed
Lines not itemized here account for $100 of total revenue; see the IRS return.
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $187,650$187,650
VIII-12 Total revenueRelated to mission $187,650 · Unrelated business $0 · Excluded from tax $100$187,750
Part IX · Statement of functional expenses $342,191 across 10 lines filed
IX-7 Other salaries and wagesPrograms $60,816 · Management $2,970$63,786
IX-10 Payroll taxesManagement $15,927$15,927
IX-11a Management feesManagement $11,993$11,993
IX-11c Accounting feesManagement $10,380$10,380
IX-13 Office expensesPrograms $708$708
IX-16 OccupancyPrograms $96,100$96,100
IX-20 InterestPrograms $1,279$1,279
IX-22 Depreciation, depletion and amortizationPrograms $131,320$131,320
IX-23 InsurancePrograms $8,557$8,557
IX-24 Other expenses (24a–d)Programs $2,141$2,141
IX-25 Total functional expensesPrograms $300,921 · Management $41,270 · Fundraising $0$342,191
Part X · Balance sheet $824,918 assets, 12 lines filed
X-1 Cash, non-interest-bearingStart of year $20,341$22,013
X-2 Savings and temporary cash investmentsStart of year $193,114$208,672
X-4 Accounts receivableStart of year $23,828$29,278
X-10c Land, buildings and equipment, netStart of year $680,664$549,345
X-15 Other assetsStart of year $15,609$15,610
X-16 Total assetsStart of year $933,556$824,918
X-17 Accounts payable and accrued expensesStart of year $22,302$17,890
X-25 Other liabilitiesStart of year $123,113$173,328
X-26 Total liabilitiesStart of year $2,205,615$2,251,418
X-27 Net assets without donor restrictionsStart of year −$1,272,059−$1,426,500
X-32 Total net assets or fund balancesStart of year −$1,272,059−$1,426,500
X-33 Total liabilities and net assetsStart of year $933,556$824,918
Part XI · Reconciliation of net assets −$1,426,500 net assets at year end
XI-1 Total revenue$187,750
XI-2 Total expenses$342,191
XI-3 Revenue less expenses−$154,441
XI-4 Net assets at start of year−$1,272,059
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$1,426,500

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

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