Overview
What is Housing Associates Inc?
Housing Associates Inc, situated in Chicago, Illinois, is a dedicated nonprofit organization that offers housing facilities and specialized services tailored to individuals struggling with severe and persistent mental illnesses. The organization owns and manages a 16-unit apartment building, known as Dorchester Apartments, providing one-year lease terms regulated by the U.S. Department of Housing and Urban Development (HUD). The Thresholds, a related nonprofit, aids in the project's management, accounting, administrative services, and office facilities, charging a management fee in return. The Thresholds also provides operating advances to Housing Associates Inc, ensuring the smooth functioning of the project. The project's primary mission is to offer housing facilities and services that cater to the physical, social, and psychological needs of individuals going through recovery from mental illnesses.
Official website here: www.thresholds.org
Is Housing Associates Inc legitimate?
Housing Associates Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Housing Associates 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: $26,080
For more financial information, click here
Official website here: www.thresholds.org
What is the mission statement of Housing Associates Inc?
Housing Associates Inc, as a nonprofit social service agency, is committed to providing housing facilities and services that cater to the physical, social, and psychological needs of individuals undergoing recovery from severe and persistent mental illness. The organization's mission is to create an environment that supports their overall well-being, aiding in their journey towards recovery. The agency operates a 16-unit apartment building, subject to a federally insured first mortgage loan, which provides housing for a year. The rents and operating methods are regulated by the U.S. Department of Housing and Urban Development (HUD). The activities of Housing Associates Inc are controlled by a related nonprofit, The Thresholds, which provides rehabilitative services, management, accounting, administrative services, and office facilities to the project.
Official website here: www.thresholds.org
Who is the CEO of Housing Associates Inc?
Al Shoreibah is the President of Housing Associates Inc. The CEO's salary of Housing Associates Inc is $0 and their total compensation is $451,372.
Official website here: www.thresholds.org
What is the revenue of Housing Associates Inc?
Housing Associates Inc's revenue in 2022 was $275,493.
Official website here: www.thresholds.org
Who are the executives of Housing Associates Inc and what are their salaries?
There 50 volunteers at Housing Associates Inc.
Here are 61 key members and their salaries (Housing Associates Inc's CEO's salary is $0 and their total compensation is $451,372):
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- Related: $189,860
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- Related: $34,768
- Other: $0
Official website here: www.thresholds.org
Where can I find the form 990 for Housing Associates Inc?
Housing Associates 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 Housing Associates Inc
Housing Associates Inc is a nonprofit social service agency dedicated to providing housing facilities and services tailored to meet the physical, social, and psychological needs of individuals confronting the challenge of recovery from severe and persistent mental illness. The organization's mission is to offer a supportive environment that caters to the unique needs of these individuals, aiming to facilitate their recovery and reintegration into society. Housing Associates Inc achieves this by owning and operating a 16-unit apartment building, known as Dorchester Apartments, which is regulated by the U.S. Department of Housing and Urban Development (HUD) in terms of rents and operating methods. The organization'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 provides various management, accounting, administrative services, and office facilities to Housing Associates Inc for a management fee.
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Impact
October, 2024
Housing Associates Inc plays a crucial role in facilitating recovery for individuals dealing with severe and persistent mental illness by providing tailored housing solutions that address their physical, social, and psychological needs. By operating the Dorchester Apartments in Chicago, which consists of 16 specialized units, the organization creates a stable and supportive living environment for residents. This supportive housing model not only offers shelter but also fosters a sense of community and belonging, which is essential for individuals on their recovery journey.
The apartments are meticulously regulated to ensure that they remain affordable and conducive to recovery, adhering to guidelines set by the U.S. Department of Housing and Urban Development (HUD). Their approach extends beyond mere provision of housing. Through collaboration with related agencies like The Thresholds, Housing Associates Inc integrates rehabilitative services, management, and administrative support to enhance the overall well-being of their residents. This comprehensive service model aids in promoting autonomy and stability, essential elements for individuals reclaiming their lives after facing significant mental health challenges.
In summary, Housing Associates Inc's impact lies in its commitment to creating secure, regulated living spaces that provide not just shelter, but also community and support, ultimately empowering individuals in their recovery journeys.
This information is meant to be a general summary of Housing Associates 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: $15
- Program Service Revenue: $275,478
- Gross Receipts: $275,493
Assets and Liabilities:
- Total Assets: $751,956
- Total Liabilities: $1,129,715
- Net Assets: -$377,759
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT SUBSIDY
Revenue
$215,935
RESIDENTIAL FEES
Revenue
$56,543
RENT REVENUE
Revenue
$3,000
Organization Details
Founding Year
1989
Phone
(773) 572-5500Principal Officer
Al Shoreibah
Main Address
4101 N RAVENSWOOD, CHICAGO, IL, 60613
Website
www.thresholds.orgNTEE Category
Code: L2XZ - Housing
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