The Thresholds
- Assets
- $94.6m
- Revenue
- $99.9m
- Investments
- $0.0
- Employees
- 1,503
- 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 06/2022, Thresholds employed 1,503 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 7 years the organization has increased revenue by an average of 2.0% each year. All expenses for the organization totaled $92.9m during the year ending 06/2021. While expenses have increased by 1.2% 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
990
Mission & Program ActivityExcerpts From the 990 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:
Part 3 - Line 4a
PREVENTION OF HOSPITALIZATIONTHRESHOLDS 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 7,300 PEOPLE IN FISCAL YEAR 2022.
SUBSTANCE USE TREATMENT: THRESHOLDS 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 SERVICES:THRESHOLDS 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.
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 1,000 PEOPLE PER YEAR. THRESHOLDS PROVIDES WRAPAROUND COMMUNITY-BASED SERVICES, HEALTHCARE, AND HOUSING SUPPORT THAT HELP PEOPLE MAINTAIN INDEPENDENT LIVING AND AVOID INSTITUTIONAL 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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Suzet M Mckinney Drph MPH President | OfficerTrustee | 0.6 | $0 |
Dr Ven Mothkur Vice President | OfficerTrustee | 0.6 | $0 |
Robert Spencer Treasurer | OfficerTrustee | 0.6 | $0 |
Leo Lanzillo Assistant Treasurer - Thru 12/31 | OfficerTrustee | 0.6 | $0 |
James Kolar Assistant Treasurer - Beg. 12/31 | OfficerTrustee | 0.6 | $0 |
Dr Inger Burnett-Zeigler Secretary | OfficerTrustee | 0.6 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
D&v Maintenance Group Cleaning Services And Repairs | 6/29/22 | $851,057 |
Continental Resources Inc It Outsources Contract | 6/29/22 | $1,247,397 |
Rush University Medical Center Contracted Nurses Services | 6/29/22 | $703,209 |
Medix Temporary Staffing | 6/29/22 | $279,338 |
Cdw Government Inc Computer Equipment And Services | 6/29/22 | $275,825 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $57,773,173 |
| 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 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 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 | $0 |
| 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 |
| 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 | $0 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Total liabilities and net assets/fund balances | $62,161,601 |