The Thresholds
- Assets
- $94.6m
- Revenue
- $99.9m
- Investments
- $0.0
- Employees
- 1,460
- Location
- Chicago, IL
- Founding
- 03/1965
- Data as of
- 06/2021
- EIN
- 36-2518901
Organization Overview
The Thresholds is located in Chicago, IL. The organization was established in 1965. According to its NTEE Classification (J30) the organization is classified as: Vocational Rehabilitation, under the broad grouping of Employment and related organizations. As of 06/2021, Thresholds employed 1,460 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thresholds is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Thresholds generated $99.9m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 2.3% each year. All expenses for the organization totaled $92.9m during the year ending 06/2021. While expenses have increased by 1.4% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
ASSIST AND INSPIRE PEOPLE WITH SEVERE MENTAL ILLNESS THROUGH SUPPORT, SKILLS, AND ENCOURAGEMENT.
Describe the Organization's Program Activity:
PREVENTION OF REHOSPITALIZATIONTHRESHOLDS PROVIDES MENTAL HEALTH SERVICES, SUBSTANCE USE TREATMENT SERVICES, AND CARE COORDINATION TO HELP INDIVIDUALS WITH SERIOUS MENTAL ILLNESSES AND SUBSTANCE USE CONDITIONS TO ACHIEVE THEIR LIFE GOALS. GOALS OF SERVICES INCLUDE SYMPTOM REDUCTION, SUBSTANCE USE REDUCTION, SUCCESSFUL EMPLOYMENT, EDUCATIONAL ATTAINMENT, ENGAGEMENT WITH A PERSON'S FAMILY AND COMMUNITY, MAINTAINING DECENT, SAFE, AFFORDABLE HOUSING, LINKING PEOPLE TO HIGH QUALITY PRIMARY AND SPECIALTY CARE, AND PREVENTION OF UNNECESSARY HOSPITALIZATION. THRESHOLDS PROVIDED COMMUNITY BASED SERVICES AND CARE COORDINATION TO APPROXIMATELY 8,200 PEOPLE IN FISCAL YEAR 2021.
INDEPENDENT LIVINGTHRESHOLDS PROVIDES A WIDE VARIETY OF COMMUNITY-BASED, AFFORDABLE HOUSING OPTIONS INCLUDING INDEPENDENT APARTMENTS, APARTMENT BUILDINGS WITH SERVICES ON SITE, AND SUPPORTED AND SUPERVISED GROUP HOME SETTINGS. THRESHOLDS PROVIDES AFFORDABLE HOUSING FOR APPROXIMATELY 1,100 PEOPLE PER YEAR. THRESHOLDS PROVIDES WRAPAROUND COMMUNITY-BASED SERVICES, HEALTHCARE, AND HOUSING SUPPORT THAT HELP PEOPLE MAINTAIN INDEPENDENT LIVING AND AVOID INSTUTIONAL SETTINGS.
VOCATIONAL AND SOCIAL REHABILITATION THRESHOLDS PROVIDES EVIDENCE-BASED SUPPORTED EMPLOYMENT SERVICES TO PEOPLE WITH MENTAL ILLNESS AND SUBSTANCE USE DISORDERS. LAST YEAR THRESHOLDS PROVIDED EMPLOYMENT SERVICES TO APPROXIMATELY 700 INDIVIDUALS. THRESHOLDS PROVIDES WRAPAROUND SERVICES THAT SUPPORTS FULL INTEGRATION INTO COMMUNITY LIFE.
SUBSTANCE USE TREATMENTTHRESHOLDS PROVIDES OUTPATIENT AND INTENSIVE OUTPATIENT SUBSTANCE USE TREATMENT WITH A FOCUS ON FOUNDATIONAL DIMENSIONS OF RECOVERY, INCLUDING HEALTH, HOUSING, PURPOSE, AND COMMUNITY. THRESHOLDS SUBSTANCE USE TREATMENT SERVICES ARE INTEGRATED WITH SERVICES FOR MENTAL HEALTH CONDITIONS AND USE A HARM REDUCTION APPROACH SUPPORTING PHYSICAL AND EMOTIONAL WELLBEING. YOUTH SERVICESTHRESHOLDS PROVIDES BEHAVIORAL HEALTH SERVICES, HOUSING, EDUCATION AND VOCATIONAL TRAINING FOR YOUTH AGES 16 TO 21 EXPERIENCING MENTAL ILLNESS. THRESHOLDS PROVIDES BOTH PERMANENT AND TRANSITIONAL LIVING FOR THESE YOUTH.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mark Ishaug Chief Executive Officer | Officer | 40 | $370,585 |
Al G Shoreibah CPA MBA Chief Financial Officer | Officer | 40 | $230,939 |
Susan Leese-Buratto MD Psychiatrist | 40 | $211,638 | |
Steven Weinstein MD Medical Director | Officer | 40 | $210,859 |
Debra Pavick Lcsw Chief Clinical Officer | Officer | 40 | $181,934 |
Kimberly T Meyer MD Psychiatrist - Part Time | 32 | $177,351 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Continental Resources Inc It Outsources Contract | 6/29/21 | $1,247,397 |
D&v Maintenance Group Cleaning Services And Repairs | 6/29/21 | $851,057 |
Medix Temporary Staffing | 6/29/21 | $279,338 |
Rush University Medical Center Contracted Nurses Services | 6/29/21 | $703,209 |
Cdw Government Inc Computer Equipment And Services | 6/29/21 | $275,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $408,533 |
| Related organizations | $0 |
| Government grants | $52,273,426 |
| All other contributions, gifts, grants, and similar amounts not included above | $5,091,214 |
| Noncash contributions included in lines 1a–1f | $429,494 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,773,173 |
| Total Program Service Revenue | $39,997,202 |
| Investment income | $919,344 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $103,622 |
| Net Gain/Loss on Asset Sales | $709,184 |
| Net Income from Fundraising Events | -$30,235 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $99,875,195 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $2,720,828 |
| Compensation of current officers, directors, key employees. | $2,152,347 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $50,149,224 |
| Pension plan accruals and contributions | $330,379 |
| Other employee benefits | $7,767,023 |
| Payroll taxes | $4,218,040 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $54,346 |
| Fees for services: Accounting | $103,636 |
| Fees for services: Lobbying | $180,751 |
| Fees for services: Fundraising | $5,000 |
| Fees for services: Investment Management | $60,735 |
| Fees for services: Other | $2,840,143 |
| Advertising and promotion | $0 |
| Office expenses | $2,315,276 |
| Information technology | $3,578,514 |
| Royalties | $0 |
| Occupancy | $7,972,225 |
| Travel | $821,259 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $89,480 |
| Interest | $179,205 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $2,788,721 |
| Insurance | $1,153,487 |
| All other expenses | $726,075 |
| Total functional expenses | $92,853,996 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $26,994,012 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $9,307,606 |
| Accounts receivable, net | $2,767,822 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $617,051 |
| Net Land, buildings, and equipment | $15,841,708 |
| Investments—publicly traded securities | $22,854,127 |
| Investments—other securities | $0 |
| Investments—program-related | $2,168,584 |
| Intangible assets | $0 |
| Other assets | $14,083,578 |
| Total assets | $94,634,488 |
| Accounts payable and accrued expenses | $9,895,870 |
| Grants payable | $0 |
| Deferred revenue | $1,485,199 |
| Tax-exempt bond liabilities | $4,720,252 |
| Escrow or custodial account liability | $3,007,184 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $13,050,439 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $313,943 |
| Total liabilities | $32,472,887 |
| Net assets without donor restrictions | $49,155,756 |
| Net assets with donor restrictions | $13,005,845 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $94,634,488 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that The Thresholds has recieved totaling $12,000.
| Awarding Organization | Amount |
|---|---|
Gff Foundation Chicago, IL PURPOSE: GENERAL ASSISTANCE | $10,000 |
John And Margaret Sagan Foundation Evanston, IL PURPOSE: GENERAL PURPOSE GRANT | $2,000 |
Endowment Analysis
| Beg. Balance | $7,771,849 |
| Earnings | $2,007,135 |
| Other Expense | $48,799 |
| Grants | $43,210 |
| Ending Balance | $9,686,975 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bosma Industries For The Blind Inc Indianapolis, IN | $91,434,320 | $116,517,311 |
The Thresholds Chicago, IL | $94,634,488 | $99,875,195 |
Challenge Unlimited Inc Alton, IL | $19,551,518 | $27,029,176 |
Pathfinder Services Inc Huntington, IN | $23,373,697 | $26,929,652 |
Epic Peoria, IL | $12,938,374 | $20,980,141 |
New Star Inc Chicago Heights, IL | $17,179,353 | $15,946,241 |
Employment Solutions Inc Lexington, KY | $14,556,479 | $16,573,430 |
First Resources Corp Sigourney, IA | $9,340,910 | $15,811,214 |
Christian Opportunity Center Pella, IA | $13,962,431 | $13,502,776 |
Progress Industries Newton, IA | $5,056,933 | $12,560,187 |
Opportunities Inc Of Jefferson County Fort Atkinson, WI | $79,445,205 | $15,358,946 |
Opportunity Development Centers Inc Wisconsin Rapids, WI | $10,220,285 | $10,954,753 |