2025-05-13T08:15:04-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-07-01 364168066 THI-14 INC THI- 7735725500 4101 N RAVENSWOOD CHICAGO IL 60613 AL SHOREIBAH CFO 7735725500 2025-04-30 1 1 DAVID LOWENTHAL P00378651 3122071040 2025-04-30 2023 2025-03-06 01:10:19Z AL SHOREIBAH 4101 N RAVENSWOOD CHICAGO IL 60613 132067 0 X WWW.THRESHOLDS.ORG X 1997 IL TO PROVIDE 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. 47 47 0 51 0 0 0 0 126520 131984 76 83 0 0 126596 132067 0 0 0 0 59697 79921 0 0 0 57135 63467 116832 143388 9764 -11321 448908 464395 681500 708309 -232592 -243914 X THI-14 (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. 0 0 124057 131984 THI-14 (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 CHICAGO HEIGHTS, ILLINOIS, KNOWN AS CHICAGO HEIGHTS 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-HD052). 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. CERTAIN CAPITAL COSTS NOT APPROVED BY HUD HAVE BEEN FUNDED BY A $167,842 ADVANCE FROM THE THRESHOLDS. THOSE FUNDS WILL BE RECORDED AS A CAPITAL CONTRIBUTION AND WILL NOT BE REPAID TO THE THRESHOLDS FOR AT LEAST FORTY YEARS. 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, AND ADMINISTRATIVE SERVICES AND OFFICE FACILITIES TO THE PROJECT FOR WHICH A MANAGEMENT FEE IS CHARGED. THE THRESHOLDS PROVIDES OPERATING ADVANCES TO THE PROJECT. 124057 1 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 X 47 47 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 IL X AL SHOREIBAH 7735725262 120 S LASALLE SUITE 1410 CHICAGO IL 60603 CYNTHIA JONES PRESIDENT - THRU 12/31 0.10 1.90 X X 0 0 0 DR INGER BURNETT-ZEIGLER PRESIDENT - BEG 12/31 0.10 1.90 X X 0 0 0 JOANNE DAHM VICE PRESIDENT - BEG 12/31 0.10 1.90 X X 0 0 0 JAMES KOLAR TREASURER - BEG 12/31 0.10 1.90 X X 0 0 0 DEBBIE DAVIS ASSISTANT TREASURER - BEG 12/31 0.10 1.90 X X 0 0 0 MINAL VARMA SECRETARY 0.10 1.90 X X 0 0 0 DR GARTH WALKER MD MPH ASSISTANT SECRETARY 0.10 1.90 X X 0 0 0 BENJAMIN ALBRECHT DIRECTOR 0.10 1.90 X 0 0 0 JUDY ASHWORTH MD DIRECTOR 0.10 1.90 X 0 0 0 BARBARA R BARRENO-PASCHALL JD MPP DIRECTOR 0.10 1.90 X 0 0 0 PAMELA BUFFETT DIRECTOR - THRU 12/31 0.10 1.90 X 0 0 0 BILL BURFEIND DIRECTOR 0.10 1.90 X 0 0 0 DIANA CARRENO GARCIA DIRECTOR - BEG 12/31 0.10 1.90 X 0 0 0 MARIANNE DOAN DIRECTOR 0.10 1.90 X 0 0 0 KEITH DOUGLAS DIRECTOR 0.10 1.90 X 0 0 0 DAVID EVELY DIRECTOR - THRU 12/31 0.10 1.90 X 0 0 0 JOE FELDMAN DIRECTOR - BEG 12/31 0.10 1.90 X 0 0 0 CRYSTAL GLOVER PHD DIRECTOR 0.10 1.90 X 0 0 0 SATYENDER GOEL PHD DIRECTOR 0.10 1.90 X 0 0 0 RONALD B GRAIS JD DIRECTOR 0.10 1.90 X 0 0 0 MEGAN GREER DIRECTOR 0.10 1.90 X 0 0 0 ROBERT HAAN DIRECTOR 0.10 1.90 X 0 0 0 MARY JO HERSETH DIRECTOR 0.10 1.90 X 0 0 0 CLAUDINE HOLLACK DIRECTOR 0.10 1.90 X 0 0 0 VICKI HORWICH DIRECTOR 0.10 1.90 X 0 0 0 CHARLIE HYMEN DIRECTOR 0.10 1.90 X 0 0 0 STEPHEN ISAACS DIRECTOR 0.10 1.90 X 0 0 0 DAN KLAFF DIRECTOR 0.10 1.90 X 0 0 0 LEO LANZILLO DIRECTOR 0.10 1.90 X 0 0 0 ROXANNE M MARTINO DIRECTOR 0.10 1.90 X 0 0 0 KEITH MCCLINTOCK DIRECTOR 0.10 1.90 X 0 0 0 SUZET M MCKINNEY DIRECTOR 0.10 1.90 X 0 0 0 JOSEPH MOOS DIRECTOR 0.10 1.90 X 0 0 0 SANDEEP NAIN DIRECTOR 0.10 1.90 X 0 0 0 SHARON NEAL DIRECTOR 0.10 1.90 X 0 0 0 KEVIN A OSTEN GARNER PSY D DIRECTOR 0.10 1.90 X 0 0 0 INA N OWENS LCSW DIRECTOR 0.10 1.90 X 0 0 0 GINO PINTO DIRECTOR 0.10 1.90 X 0 0 0 LUVIA QUINONES DIRECTOR 0.10 1.90 X 0 0 0 TAMMY RANDA DIRECTOR 0.10 1.90 X 0 0 0 CHRISTINE M RHODE DIRECTOR 0.10 1.90 X 0 0 0 SUE ROBERTS DIRECTOR 0.10 1.90 X 0 0 0 DR BETH ROM-RYMER DIRECTOR 0.10 1.90 X 0 0 0 OFELIA SANCHEZ DIRECTOR - BEG 12/31 0.10 1.90 X 0 0 0 LINDA G SAHAGIAN DIRECTOR - THRU 12/31 0.10 1.90 X 0 0 0 CHRIS SEGAL DIRECTOR 0.10 1.90 X 0 0 0 ROBERT SPENCER DIRECTOR - BEG 12/31 0.10 1.90 X 0 0 0 MASAMI TAKAHASHI DIRECTOR - BEG 12/31 0.10 1.90 X 0 0 0 SARAH WARE DIRECTOR 0.10 1.90 X 0 0 0 JASMINE WATKINS DIRECTOR 0.10 1.90 X 0 0 0 KIRK WILLIAMS DIRECTOR 0.10 1.90 X 0 0 0 DEBRA PAVICK LCSW CHIEF CLINICAL OFFICER 0.60 39.40 X 0 209337 24425 MARK FURLONG LCSW CHIEF OPERATING OFFICER 0.60 39.40 X 0 201535 32987 BRENT PETERSON CHIEF DEVELOPMENT OFFICER 0.60 39.40 X 0 152280 31415 MARK ISHAUG CHIEF EXECUTIVE OFFICER 0.60 39.40 X 0 425860 35202 CHRISTINE NOONE CHIEF TALENT OFFICER 0.60 39.40 X 0 204914 7486 AL G SHOREIBAH CPA MBA CHIEF FINANCIAL OFFICER 0.60 39.40 X 0 257945 34451 ADEMOLA T POPOOLA CHIEF INFORMATION OFFICER 0.60 39.40 X 0 182350 26807 DENISE L ATKINS CHIEF OF COMMUNITY ENGAGEMENT 0.60 39.40 X 0 163272 5754 WESLEY J COOK DO CHIEF MEDICAL OFFICER 0.60 39.40 X 0 215976 16169 MICHAEL J FALEY GENERAL COUNSEL 0.60 39.40 X 0 186589 28343 0 2200058 243039 0 0 1 0 0 RENT SUBSIDY 531390 101945 101945 RESIDENTIAL FEES 531390 30039 30039 131984 83 83 132067 131984 0 83 65633 57415 8218 14288 12499 1789 5351 5351 3973 3973 38173 38173 1604 1604 4075 4075 5664 5664 TELEPHONE AND ANSWERING 4458 4458 BAD DEBT 169 169 143388 124057 19331 0 300843 322358 2262 309 677809 546196 135688 131613 10115 10115 448908 464395 2222 10533 497200 497200 182078 200576 681500 708309 X -232592 -243914 -232592 -243914 448908 464395 -11321 0 X 0 1 X 1 1 1 X X 1 THE THRESHOLDS INC 362518901 7 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 40000 40000 512118 512118 0 105901 14288 91613 19790 19790 0 131613 DUE TO AFFILIATED ORGANIZATIONS 117492 SECURITY DEPOSITS 1852 OTHER LIABILITIES 81232 200576 0 1 0 0 0 0 0 0 0 MARK ISHAUG CHIEF EXECUTIVE OFFICER 0 389522 0 35150 0 1188 0 24900 0 10302 0 461062 0 0 AL G SHOREIBAH CPA MBA CHIEF FINANCIAL OFFICER 0 257795 0 150 0 0 0 7932 0 26519 0 292396 0 0 MARK FURLONG LCSW CHIEF OPERATING OFFICER 0 200678 0 150 0 707 0 6468 0 26519 0 234522 0 0 DEBRA PAVICK LCSW CHIEF CLINICAL OFFICER 0 209187 0 150 0 0 0 6468 0 17957 0 233762 0 0 WESLEY J COOK DO CHIEF MEDICAL OFFICER 0 215826 0 150 0 0 0 6627 0 9542 0 232145 0 0 MICHAEL J FALEY GENERAL COUNSEL 0 186439 0 150 0 0 0 5783 0 22560 0 214932 0 0 CHRISTINE NOONE CHIEF TALENT OFFICER 0 204623 0 150 0 141 0 6060 0 1426 0 212400 0 0 ADEMOLA T POPOOLA CHIEF INFORMATION OFFICER 0 182200 0 150 0 0 0 5573 0 21234 0 209157 0 0 BRENT PETERSON CHIEF DEVELOPMENT OFFICER 0 152130 0 150 0 0 0 4851 0 26564 0 183695 0 0 DENISE L ATKINS CHIEF OF COMMUNITY ENGAGEMENT 0 163122 0 150 0 0 0 4716 0 1038 0 169026 0 0 PART I, LINE 3 COMPENSATION REVIEW PROCEDURES WERE PERFORMED BY A RELATED ORGANIZATION, THE THRESHOLDS. THE RELATED ORGANIZATION USES THE FOLLOWING METHODS TO DETERMINE THE CEO'S COMPENSATION: COMPENSATION COMMITTEE, INDEPENDENT COMPENSATION CONSULTANT, FORM 990 OF OTHER ORGANIZATIONS, COMPENSATION SURVEY OR STUDY AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE. PART I, LINE 4B THE CEO PARTICIPATES IN A 457(F) NON-QUALIFIED RETIREMENT PLAN. THERE WERE NO AMOUNTS DISTRIBUTED FROM THE PLAN DURING CALENDAR YEAR 2023 AND THEREFORE NO AMOUNTS WERE TREATED AS TAXABLE ON THE 2023 W-2. FORM 990, PART VI, SECTION B, LINE 11B THE BOARD RETAINS THE SERVICES OF AN INDEPENDENT CPA FIRM TO PREPARE THE ORGANIZATION'S FORM 990. MANAGEMENT REVIEWS THE COMPLETED FORM 990 AND PROVIDES A FULL COPY TO ALL VOTING MEMBERS OF THE GOVERNING BODY PRIOR TO FILING. THE GOVERNING BODY IS PROVIDED A REASONABLE AMOUNT OF TIME TO REVIEW THE RETURN AND ASK ANY QUESTIONS DIRECTLY TO ORGANIZATION MANAGEMENT OR THE CONTACT AT THE INDEPENDENT CPA FIRM PRIOR TO FILING. A MEETING OR CONFERENCE IS LATER SCHEDULED FOR THE CPA FIRM AND ORGANIZATION MANAGEMENT TO DISCUSS THE FORM 990 WITH THE GOVERNING BODY OR THIER DESIGNATED COMMITTEE, AS NEEDED. FORM 990, PART VI, SECTION B, LINE 12C OFFICERS, DIRECTORS, TRUSTEES, AND KEY EMPLOYEES ARE ANNUALLY REQUIRED TO COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT AS A PRECURSOR TO THEIR SERVICE TO THE ORGANIZATION. POTENTIAL CONFLICTS ARE LOGGED WITH AND MONITORED BY THE SECRETARY OF THE BOARD. FORM 990, PART VI, SECTION B, LINE 15 THE CEO HAS AN EMPLOYMENT CONTRACT THAT IS EVALUATED ANNUALLY BY THE BOARD'S EXECUTIVE COMMITTEE. THE BOARD MEETS IN EXECUTIVE SESSION TO DETERMINE THE CEO'S ANNUAL COMPENSATION PACKAGE THAT MAY INCLUDE A DISCRETIONARY BONUS. THE BOARD USES COMPARABLE DATA IN ITS ASSESSMENT OF EXECUTIVE COMPENSATION. THE BOARD PRESIDENT DOCUMENTS THE RESULTS OF THIS ASSESSMENT AND THE COMMITTEE'S DECISION AND ROUTES THIS INFORMATION TO HUMAN RESOURCES FOR PROCESSING. THE CFO'S COMPENSATION HAS BEEN BENCHMARKED BY AN INDEPENDENT CONSULTING FIRM. REMAINING KEY EMPLOYEES ARE DETERMINED WITH HUMAN RESOURCES REVIEW AND MARKET COMPARISONS. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND FINANCIAL STATEMENTS ARE AVAILABLE THROUGH APPLICABLE GOVERNMENTAL AGENCIES; THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON WRITTEN REQUEST TO THE ORGANIZATION. THE THRESHOLDS 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 362518901 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 7 0 THRESHOLDS HOUSING INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363071248 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 TRANSITIONAL HOUSING INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363191926 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 HOUSING ASSOCIATES INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363252608 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-4 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783906 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-5 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783908 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-6 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783907 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-7 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783909 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-8 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363783910 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-9 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363967813 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-10 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363967815 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-11 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 363967819 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-12 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 364168062 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THI-13 INC 4101 N RAVENSWOOD AVENUE CHICAGO IL 60613 364168066 PROVIDE HOUSING, TRAINING AND MENTAL HEALTH ASST. FOR MENTALLY HANDICAPPED IL 501(C)(3) LINE 12A, I THE THRESHOLDS 0 THRESHOLDS HEALTH NFP 120 S LASALLE STREET CHICAGO IL 60603 874515023 PROVIDES PRIMARY HEALTHCARE, MENTAL HEALTH AND SUBSTANCE USE SERVICES IL 501(C)(3) LINE 10 THE THRESHOLDS 0 WAYNE STREET APARTMENTS LIMITED PARTNERSHIP 4101 N RAVENSWOOD CHICAGO IL 60613 364146707 PROVIDES HOUSING FOR MENTALLY AND EMOTIONALLY HANDICAPPED INDIVIDUALS IL N/A 0 0 BT-DIPLOMAT LLC (0026 OWNERSHIP) 4101 N RAVENSWOOD CHICAGO IL 60613 320361958 PROVIDES HOUSING FOR DISABLED AND EMOTIONALLY HANDICAPPED INDIVIDUALS IL N/A 0 0 MENARD LIMITED PARTNERSHIP 4101 N RAVENSWOOD CHICAGO IL 60613 363942457 PROVIDES HOUSING FOR MENTALLY AND EMOTIONALLY HANDICAPPED INDIVIDUALS IL N/A 0 0 ROWAN TREES LIMITED PARTNERSHIP 4101 N RAVENSWOOD CHICAGO IL 60613 364107843 PROVIDES HOUSING FOR MENTALLY AND EMOTIONALLY HANDICAPPED INDIVIDUALS IL N/A 0 0 HUMBOLDT APARTMENTS LP 4101 N RAVENSWOOD CHICAGO IL 60613 472410323 PROVIDES SUPPORTIVE HOUSING SERVICES FOR INDIVIDUALS EXPERIENCING MENTAL ILL IL N/A 0 0 THRESHOLDS RAD LLC 4101 N RAVENSWOOD CHICAGO IL 60613 820797011 PROVIDES HOUSING FOR MENTALLY AND EMOTIONALLY HANDICAPPED INDIVIDUALS IL N/A 0 0 MENARD APARTMENT CORP 4101 N RAVENSWOOD CHICAGO IL 60613 363942447 MANAGEMENT OF PARTNERSHIP IL N/A C 0 ROWAN TREES APARTMENT INC 4101 N RAVENSWOOD CHICAGO IL 60613 364096242 MANAGEMENT OF PARTNERSHIP IL N/A C 0 WAYNE STREET CORPORATION 4101 N RAVENSWOOD CHICAGO IL 60613 364147098 MANAGEMENT OF PARTNERSHIP IL N/A C 0 BT-DIPLOMAT MANAGER LLC 4101 N RAVENSWOOD CHICAGO IL 60613 611668317 MANAGEMENT OF PARTNERSHIP IL N/A C 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0