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Transitional Housing Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 363191926 ✦ Chicago, IL ✦ Designated as a 501(c)(3)

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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: $15,222

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?

Mark Ishaug is the CEO of Transitional Housing Inc The CEO's salary of Transitional Housing Inc is $0 and their total compensation is $433,646.


Official website here: www.thresholds.org

What is the revenue of Transitional Housing Inc?

Transitional Housing Inc's revenue in 2023 was $256,265.


Official website here: www.thresholds.org

Who are the executives of Transitional Housing Inc and what are their salaries?

There 51 volunteers at Transitional Housing Inc.

Here are 60 key members and their salaries (Transitional Housing Inc's CEO's salary is $0 and their total compensation is $433,646):


Suzet M Mckinney Drph Mph (President - Thru 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Cynthia Jones (President - Beg 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Ven Mothkur (Vice President - Thru 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Inger Burnett-Zeigler (Secretary - Thru 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Spencer (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
James Kolar (Assistant Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Minal Varma (Asst. Sec.-Thru 12/31; Sec.-Beg 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Garth Walker Md Mph (Assistant Secretary - Beg 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Benjamin Albrecht (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Judy Ashworth Md (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Barbara R Barreno-Paschall Jd Mpp (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Buffett (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bill Burfeind (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Raymond E Crossman Phd (Director - Thru 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joanne Dahm (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debbie Davis (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Marianne Doan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Douglas (Director - Beg 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
David Evely (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Crystal Glover Phd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Satyender Goel Phd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ronald B Grais Jd (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Megan Greer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Robert Haan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Jo Herseth (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Mary Hill (Director - Thru 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Claudine Hollack (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Vicki Horwich (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Charlie Hymen (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Stephen Isaacs (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dan Klaff (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Leo Lanzillo (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Roxanne M Martino (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Keith Mcclintock (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Joseph Moos (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sandeep Nain (Director - Beg 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sharon Neal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kevin A Osten Garner Psy D (Director - Beg 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Ina N Owens Lcsw (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gino Pinto (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Luvia Quinones (Director - Beg 12/31)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tammy Randa (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Christine M Rhode (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sue Roberts (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Dr Beth Rom-Rymer (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Linda G Sahagian (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Chris Segal (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Sarah Ware (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jasmine Watkins (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Kirk Williams (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Jeremy Wright (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Debra Pavick Lcsw (Chief Clinical Officer)
  • Compensation: $0
  • Related: $203,312
  • Other: $7,153
Mark Furlong Lcsw (Chief Operating Officer)
  • Compensation: $0
  • Related: $199,517
  • Other: $19,986
Brent Peterson (Chief Development Officer)
  • Compensation: $0
  • Related: $142,427
  • Other: $28,153
Mark Ishaug (Chief Executive Officer)
  • Compensation: $0
  • Related: $403,882
  • Other: $29,764
Christine Noone (Chief Talent Officer)
  • Compensation: $0
  • Related: $191,877
  • Other: $4,989
Al G Shoreibah Cpa Mba (Chief Financial Officer)
  • Compensation: $0
  • Related: $244,996
  • Other: $31,210
Ademola T Popoola (Chief Information Officer)
  • Compensation: $0
  • Related: $169,812
  • Other: $25,172
Denise L Atkins (Chief Of Community Engagement)
  • Compensation: $0
  • Related: $152,825
  • Other: $4,018
Michael J Faley (General Counsel)
  • Compensation: $0
  • Related: $175,247
  • Other: $16,413


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 2023 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.

Revenue
$256,265 (2023)
Expenses
$220,981 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $94
  • Program Service Revenue: $248,959
  • Gross Receipts: $256,265

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

$165,074

RESIDENTIAL FEES

Revenue

$81,375

RENTAL REVENUE

Revenue

$2,510

Organization Details

Founding Year

1982

Principal Officer

Al Shoreibah

NTEE Category

Code: P73Z - Human services

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