Overview
What is The Thresholds?
The Thresholds is a nonprofit organization based in Chicago, Illinois, that offers mental health services, substance use treatment, and care coordination to individuals dealing with serious mental illnesses and substance use conditions. Their mission is to prevent hospitalization and help people achieve their life goals, which include symptom reduction, successful employment, educational attainment, engagement with family and community, maintaining affordable housing, linking individuals to primary and specialty care, and preventing unnecessary hospitalization. In fiscal year 2022, they provided community-based services and care coordination to approximately 7,300 people. Their innovative behavioral and primary healthcare approach promotes empowerment, well-being, and full participation in community life, supporting and advocating for those living with mental health and substance use conditions. The Thresholds employs a staff of 1,503 people.
Official website here: www.thresholds.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: 97% (Four-Star out of Four Stars)
The Thresholds has received an impressive Four-Star rating from Charity Navigator, reflecting its strong performance in both accountability and community engagement. The organization excels in financial transparency and governance, scoring 96% in Accountability & Finance, largely due to its independent board and effective oversight mechanisms, which include comprehensive conflict of interest and whistleblower policies.
The organization also shines in its Culture & Community score, achieving a perfect 100%. This indicates a robust commitment to gathering and utilizing feedback from stakeholders, suggesting that The Thresholds values input and continuously seeks to improve its services. With a program expense ratio of over 87%, the majority of its resources are directed toward its mission-driven activities.
Despite the high ratings and positive feedback, it is essential for potential donors and supporters to remain informed about the ongoing efforts and challenges the organization may face in the future. Overall, The Thresholds demonstrates a strong foundation in ethical practices and community engagement, making it a reliable choice for those looking to support impactful nonprofit work.
This AI summary has been generated from information found on Charity Navigator.
Is The Thresholds legitimate?
The Thresholds is a legitimate nonprofit organization registered as a 501(c)(3) entity. The Thresholds submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $2,794,785
Professional Fundraising Fees: $7,500
Other Salaries and Wages: $60,203,923
For more financial information, click here
Official website here: www.thresholds.org
What is the mission statement of The Thresholds?
The Thresholds is an organization dedicated to assisting and inspiring individuals with severe mental illnesses and substance use conditions. Through innovative behavioral and primary healthcare services, they promote empowerment, well-being, and full participation in community life. The Thresholds unwaveringly engages with their community to offer support and advocacy, enabling individuals to achieve their life goals. Their services focus on symptom reduction, substance use reduction, successful employment, educational attainment, family and community engagement, maintaining decent housing, linking people to high-quality care, and preventing unnecessary hospitalizations. In fiscal year 2022, The Thresholds provided community-based services and care coordination to approximately 7,300 people.
Official website here: www.thresholds.org
Who is the CEO of The Thresholds?
Mark Ishaug is the CEO of The Thresholds The CEO's salary of The Thresholds is $403,882 and their total compensation is $433,646.
Official website here: www.thresholds.org
What is the revenue of The Thresholds?
The Thresholds's revenue in 2023 was $109,774,551.
Official website here: www.thresholds.org
Who are the executives of The Thresholds and what are their salaries?
The average compensation at The Thresholds during 2023 was $41,915. There are 1503 employees and 55 volunteers at The Thresholds.
Here are 68 key members and their salaries (The Thresholds's CEO's salary is $403,882 and their total compensation is $433,646):
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Official website here: www.thresholds.org
Where can I find the form 990 for The Thresholds?
The Thresholds's most recent form 990 was submitted in 2023 and can be accessed here.
Official website here: www.thresholds.org
Learn more at the official website: www.thresholds.org
Mission Statement of The Thresholds
The Thresholds is a nonprofit organization dedicated to assisting and inspiring people with severe mental illnesses and substance use conditions. Through innovative behavioral and primary healthcare services, Thresholds promotes empowerment, well-being, and full participation in community life. The organization's unwavering commitment to community-based engagement, support, and advocacy enables individuals dealing with mental health and substance use conditions to achieve their life goals.
Thresholds' services focus on symptom reduction and substance use reduction, and they strive for successful employment, educational attainment, family and community engagement, maintaining decent, safe, and affordable housing, linking people to high-quality primary and specialty care, and the prevention of unnecessary hospitalization. In fiscal year 2022, Thresholds provided community-based services and care coordination to approximately 7,300 people.
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Impact
October, 2024
The Thresholds significantly impacts individuals with severe mental illnesses and substance use conditions by providing essential support, skills training, and encouragement. Their comprehensive range of services focuses on preventing unnecessary hospitalizations and promoting overall well-being. By offering tailored mental health services, substance use treatment, and care coordination, they empower people to achieve personal goals, which include symptom reduction, successful employment, and educational attainment.
In fiscal year 2022 alone, The Thresholds served approximately 7,300 people in Chicago, helping them maintain safe and affordable housing, engage with family and community, and access high-quality primary and specialty care. This holistic approach fosters a sense of empowerment and encourages individuals to actively participate in their communities, enhancing their quality of life and promoting healthier lifestyles. The organization's unwavering commitment to community-based engagement and advocacy creates a supportive environment where people can find home, health, and hope, ultimately transforming lives and reducing the stigma surrounding mental health challenges.
This information is meant to be a general summary of The Thresholds. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2023.
- Investment Income: $902,079
- Program Service Revenue: $55,555,166
- Gross Receipts: $113,277,428
Assets and Liabilities:
- Total Assets: $85,096,661
- Total Liabilities: $23,093,164
- Net Assets: $62,003,497
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
MEDICAL SERVICES FEE INCOME
Revenue
$51,050,816
CONTRACTUAL AGREEMENTS
Revenue
$1,824,699
RESIDENTIAL FEES
Revenue
$1,790,841
SERVICE FEE INCOME
Revenue
$600,023
MANAGEMENT FEE
Revenue
$280,637
Organization Details
Founding Year
1963
Principal Officer
Al Shoreibah
Website
www.thresholds.orgNTEE Category
Code: F30 - Mental health
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