Overview
What is Transitional Housing Inc?
Transitional Housing Inc. is a nonprofit social service agency situated in Chicago, Illinois. Its primary mission is to provide housing facilities and services tailored to meet the physical, social, and psychological needs of individuals undergoing recovery from severe and persistent mental illness. The organization operates a 19-unit apartment building known as Penn House, funded in part by the U.S. Department of Housing and Urban Development (HUD). The one-year lease apartments are regulated by HUD in terms of rents and operational methods. Transitional Housing Inc. receives capital contributions for unapproved costs from a related nonprofit, The Thresholds, which also provides management, accounting, and administrative services to the project. The Thresholds charges a management fee for these services.
Official website here: www.thresholds.org
Is Transitional Housing Inc legitimate?
Transitional Housing Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Transitional Housing Inc 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: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $14,583
For more financial information, click here
Official website here: www.thresholds.org
What is the mission statement of Transitional Housing Inc?
Transitional Housing Inc is a nonprofit organization dedicated to providing housing facilities and services specifically designed to cater to the physical, social, and psychological needs of individuals dealing with the challenge of recovery from severe and persistent mental illness. The mission of Transitional Housing Inc is to offer a supportive environment that helps these individuals in their journey towards recovery. The organization operates with a focus on meeting the unique needs of its residents, ensuring their well-being and promoting their overall recovery. Transitional Housing Inc's activities are overseen by a board of directors from a related nonprofit agency, which also provides management, accounting, and administrative services to the project. The organization's operations are subject to regulations by the U.S. Department of Housing and Urban Development, with certain capital costs funded by external sources.
Official website here: www.thresholds.org
Who is the CEO of Transitional Housing Inc?
Al Shoreibah is the President of Transitional Housing Inc. The CEO's salary of Transitional Housing Inc is $0 and their total compensation is $451,372.
Official website here: www.thresholds.org
What is the revenue of Transitional Housing Inc?
Transitional Housing Inc's revenue in 2022 was $260,217.
Official website here: www.thresholds.org
Who are the executives of Transitional Housing Inc and what are their salaries?
There 50 volunteers at Transitional Housing Inc.
Here are 61 key members and their salaries (Transitional Housing Inc's CEO's salary is $0 and their total compensation is $451,372):
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- Other: $2,123
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- Related: $34,768
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Official website here: www.thresholds.org
Where can I find the form 990 for Transitional Housing Inc?
Transitional Housing Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.thresholds.org
Learn more at the official website: www.thresholds.org
Mission Statement of Transitional Housing Inc
Transitional Housing Inc, a nonprofit social service agency, is dedicated to providing housing facilities and services tailored to meet the physical, social, and psychological needs of individuals grappling with the challenge of recovery from severe and persistent mental illness. The organization's mission is to offer a supportive environment where individuals can begin their journey towards healing and independence. Transitional Housing Inc operates under the guidance of its board of directors, which is also associated with The Thresholds, a related organization that provides rehabilitative services to former mental patients and offers management, accounting, and administrative support to Transitional Housing Inc for a fee. The project, managed by Transitional Housing Inc, owns and operates a 19-unit apartment building, known as Penn House, in Chicago, Illinois. The apartments are leased for one-year terms and are regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rents and operating methods. The project receives certain capital cost funding from The Thresholds, which is recorded as a capital contribution and will not be repaid for at least forty years.
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Impact
October, 2024
Transitional Housing Inc significantly impacts individuals struggling with severe and persistent mental illness by providing specialized housing and comprehensive support services. The organization operates a 19-unit apartment building in Chicago, known as Penn House, which serves as a safe and stable environment for residents working towards recovery.
By leasing units for one-year terms, Transitional Housing Inc offers both security and a structured living environment that is crucial for individuals in recovery. The apartments are designed to meet the physical, social, and psychological needs of residents, acknowledging that recovery is a multifaceted journey.
In collaboration with The Thresholds, another organization focused on rehabilitative services for former mental patients, Transitional Housing Inc enhances its effectiveness by providing essential management, accounting, and administrative support. The partnership ensures that residents not only have access to housing but also receive additional services that are vital for their recovery process, such as mental health support and community resources.
Ultimately, Transitional Housing Inc plays a vital role in the community by helping residents regain stability, rebuild their lives, and foster a sense of independence, thereby creating a positive ripple effect that extends beyond individual residents to their families and the broader community.
This information is meant to be a general summary of Transitional Housing Inc. 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 2022.
- Investment Income: $94
- Program Service Revenue: $254,423
- Gross Receipts: $260,217
Assets and Liabilities:
- Total Assets: $562,915
- Total Liabilities: $453,819
- Net Assets: $109,096
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT SUBSIDIES
Revenue
$160,057
RESIDENTIAL FEES
Revenue
$91,354
RENTAL REVENUE
Revenue
$3,012
Organization Details
Founding Year
1982
Phone
(773) 572-5500Principal Officer
Al Shoreibah
Main Address
4101 N RAVENSWOOD, CHICAGO, IL, 60613
Website
www.thresholds.orgNTEE Category
Code: P73Z - Human services
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