2025-05-13T08:25:18-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990EZ 2023-07-01 363783909 THI-7 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 X X WWW.THRESHOLDS.ORG X X 128927 X 128832 95 128927 79876 30335 20616 130827 -1900 -363437 0 -365337 X 240722 249069 18569 23281 0 1368 259291 273718 622728 639055 -363437 -365337 X SEE LINE 28. THI-7 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, ILLINOIS, KNOWN AS MARQUETTE 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-HH009). 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. 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. 0 113141 113141 X CYNTHIA JONES PRESIDENT - THRU 12/31 0.10 0 0 0 DR INGER BURNETT-ZEIGLER PRESIDENT - BEG 12/31 0.10 0 0 0 JOANNE DAHM VICE PRESIDENT - BEG 12/31 0.10 0 0 0 JAMES KOLAR TREASURER - BEG 12/31 0.10 0 0 0 DEBBIE DAVIS ASSISTANT TREASURER - BEG 12/31 0.10 0 0 0 MINAL VARMA SECRETARY 0.10 0 0 0 DR GARTH WALKER MD MPH ASSISTANT SECRETARY 0.10 0 0 0 BENJAMIN ALBRECHT DIRECTOR 0.10 0 0 0 JUDY ASHWORTH MD DIRECTOR 0.10 0 0 0 BARBARA R BARRENO-PASCHALL JD MP DIRECTOR 0.10 0 0 0 PAMELA BUFFETT DIRECTOR - THRU 12/31 0.10 0 0 0 BILL BURFEIND DIRECTOR 0.10 0 0 0 X 0 0 0 0 0 0 0 0 0 0 0 0 0 0 IL AL SHOREIBAH 120 S LASALLE SUITE 1410 CHICAGO IL 60603 7735725262 0 0 0 0 0 0 0 0 0 0 NONE NONE 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 FORM 990-EZ, PART I, LINE 4 - OTHER INVESTMENT INCOME DESCRIPTION: INVESTMENT INCOME. AMOUNT: 95. FORM 990-EZ, PART I, LINE 16 - OTHER EXPENSES DESCRIPTION: ADMINISTRATIVE EXPENSES. AMOUNT: 13,309. DESCRIPTION: INSURANCE. AMOUNT: 3,917. DESCRIPTION: FINANCE CHARGES. AMOUNT: 1,701. DESCRIPTION: DEPRECIATION EXPENSE. AMOUNT: 1,689. TOTAL TO FORM 990-EZ, LINE 16: 20,616. FORM 990-EZ, PART II, LINE 24 - OTHER ASSETS DESCRIPTION: ACCOUNTS RECEIVABLE. BEG. OF YEAR AMOUNT: 0. END OF YEAR AMOUNT: 1,368. FORM 990-EZ, PART II, LINE 26 - OTHER LIABILITIES DESCRIPTION: SECURITY DEPOSITS. BEG. OF YEAR AMOUNT: 1,185. END OF YEAR AMOUNT: 1,408. DESCRIPTION: ACCOUNTS PAYABLE AND ACCRUED EXPENSES. BEG. OF YEAR AMOUNT: 2,796. END OF YEAR AMOUNT: 2,992. DESCRIPTION: DUE TO AFFILIATED ORGANIZATIONS. BEG. OF YEAR AMOUNT: 197,744. END OF YEAR AMOUNT: 213,651. DESCRIPTION: MORTGAGE. BEG. OF YEAR AMOUNT: 418,984. END OF YEAR AMOUNT: 418,984. DESCRIPTION: OTHER LIABILITES. BEG. OF YEAR AMOUNT: 2,019. END OF YEAR AMOUNT: 2,020. THE ORGANIZATION DID NOT, DURING THE YEAR, RECEIVE ANY FUNDS, DIRECTLY,OR INDIRECTLY, TO PAY PREMIUMS ON A PERSONAL BENEFIT CONTRACT.THE ORGANIZATION, DID NOT, DURING THE YEAR, PAY ANY PREMIUMS, DIRECTLY,OR INDIRECTLY, ON A PERSONAL BENEFIT CONTRACT.