Thi-5
- Assets
- $361.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Chicago, IL
- Founding
- 06/1995
- Data as of
- 06/2022
- EIN
- 36-3783908
Organization Overview
Thi-5 is located in Chicago, IL. The organization was established in 1995. According to its NTEE Classification (L21) the organization is classified as: Low-Income & Subsidized Rental Housing, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Thi-5 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 06/2022, Thi-5 generated $96.1k in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.3% each year. All expenses for the organization totaled $75.4k during the year ending 06/2022. While expenses have increased by 4.4% per year over the past 7 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
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
THI-5 (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. THE PROJECT OWNS AND OPERATES AN 8-UNIT APARTMENT BUILDING IN KANKAKEE, ILLINOIS, KNOWN AS HARBOR STREET APARTMENTS, WHICH IS SUBJECT TO A FIRST MORTGAGE CAPITAL ADVANCE OBTAINED UNDER THE PROVISIONS OF SECTION 811 OF THE NATIONAL HOUSING ACT (FHA PROJECT NO. 071-HH007). THE APARTMENTS GENERALLY ARE LEASED FOR ONE-YEAR TERMS AND ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENTS AND OPERATING METHODS. LEASING OF THE APARTMENTS BEGAN IN FISCAL YEAR 1995. THE PROJECT'S ACTIVITIES ARE CONTROLLED BY THE BOARD OF DIRECTORS OF THE THRESHOLDS, A RELATED NONPROFIT SOCIAL SERVICE AGENCY WHICH PROVIDES REHABILITATIVE SERVICES TO FORMER MENTAL PATIENTS AND ALSO PROVIDES CERTAIN MANAGEMENT, ACCOUNTING, ADMINISTRATIVE SERVICES AND OFFICE FACILITIES TO THE PROJECT FOR WHICH A MANAGEMENT FEE IS CHARGED. THE THRESHOLDS PROVIDES OPERATING ADVANCES TO THE PROJECT.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzet M Mckinney Drph MPH President | 0.07 | $0 | |
Dr Ven Mothkur Vice President | 0.07 | $0 | |
Robert Spencer Treasurer | 0.07 | $0 | |
Leo Lanzillo Assistant Treasurer - Thru 12/31 | 0.07 | $0 | |
James Kolar Assistant Treasurer - Beg. 12/31 | 0.07 | $0 | |
Dr Inger Burnett-Zeigler Secretary | 0.07 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $96,000 |
| Membership dues | $0 |
| Investment income | $101 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $0 |
| Total Revenue | $96,101 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $8,020 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $41,748 |
| Printing, publications, postage, and shipping | $0 |
| Other expenses | $25,613 |
| Total expenses | $75,381 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $325,164 |
| Other assets | $0 |
| Total assets | $361,779 |
| Total liabilities | $431,873 |
| Net assets or fund balances | -$70,094 |