Overview
What is Thresholds Inc?
Thresholds Inc, located in Grand Rapids, Michigan, is a dedicated nonprofit organization that focuses on community services and adult respite services. Their primary mission is to empower individuals with developmental disabilities, enabling them to lead fulfilling, interconnected lives. The organization provides essential aid to current caregivers and promotes independence among adults aged 18 years and above who are affected by developmental disabilities. With a staff of 232 individuals, Thresholds Inc offers social and mental health services, aiming to help these individuals live as independently as possible within their communities. Their services extend beyond simple assistance, fostering a sense of connection and enabling individuals to fully participate in their communities.
Official website here: www.threshnet.org
What are the reviews and ratings of this charity?
Thresholds Inc has earned a Four-Star out of Four Star rating from Charity Navigator, reflecting a strong overall score of 96%. This rating highlights the charity's commitment to accountability and financial health, as evidenced by their outstanding performance in areas like independent board oversight, financial statement audits, and comprehensive policies to manage conflicts of interest and whistleblowing. The organization's financial practices indicate a solid program expense ratio of 82.80%, emphasizing a focus on delivering mission-driven services.
The organization is characterized by a fully independent board, which enhances transparency and oversight. It has received high marks for its financial ratios, such as having a low liability-to-assets ratio of 24.15%, suggesting effective management and a secure financial foundation. However, it's worth noting that its historical ratings were primarily based on a single metric, and there may be areas like leadership adaptability and program impact that were not evaluated.
While user reviews from GreatNonprofits could not be fetched, the strong rating from Charity Navigator indicates a reputable organization with reliable practices. Prospective supporters or clients may look forward to a well-managed nonprofit dedicated to its mission in mental health support and services. Not Available.
This AI summary has been generated from information found on Charity Navigator.
Is Thresholds Inc legitimate?
Thresholds Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thresholds 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: $280,318
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
Official website here: www.threshnet.org
What is the mission statement of Thresholds Inc?
Thresholds Inc, as an organization, is dedicated to providing social and mental health services to individuals with developmental disabilities. Their mission is to empower these individuals to live meaningful, connected lives as independently as possible in the community. Through their offerings, they aim to assist individuals who are 18 years of age or older, helping them promote their independence while providing relief to current caregivers. Their community services program and adult respite services are integral parts of this mission, contributing to the overall goal of enabling individuals with developmental disabilities to lead fulfilling lives with dignity and autonomy.
Official website here: www.threshnet.org
Who is the CEO of Thresholds Inc?
Jacquelyn Johnson is the Chairperson (Former) of Thresholds Inc. The CEO's salary of Thresholds Inc is $133,365 and their total compensation is $144,476.
Official website here: www.threshnet.org
What is the revenue of Thresholds Inc?
Thresholds Inc's revenue in 2022 was $9,703,654.
Official website here: www.threshnet.org
Who are the executives of Thresholds Inc and what are their salaries?
The average compensation at Thresholds Inc during 2022 was $1,208. There are 232 employees and 50 volunteers at Thresholds Inc.
Here are 13 key members and their salaries (Thresholds Inc's CEO's salary is $133,365 and their total compensation is $144,476):
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- Compensation: $100,573
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- Other: $20,156
- Compensation: $133,365
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- Other: $11,111
Official website here: www.threshnet.org
Where can I find the form 990 for Thresholds Inc?
Thresholds Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.threshnet.org
Learn more at the official website: www.threshnet.org
Mission Statement of Thresholds Inc
Thresholds Inc, a nonprofit organization, is committed to empowering individuals with disabilities to live meaningful, connected lives. Their primary mission revolves around providing social and mental health services, aiming to help these individuals live as independently as possible within their communities. This mission is underpinned by the belief that every person with developmental disabilities deserves the opportunity to lead a fulfilling life, integrated within society.
Through their services, Thresholds Inc focuses on supporting persons aged 18 years and above with developmental disabilities. Their community services program and adult respite services are designed to promote the independence of these individuals while also offering aid to their current caregivers. This holistic approach ensures that both the individuals with disabilities and their caregivers are well-supported, fostering a stronger community where everyone can thrive.
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Impact
July, 2024
Thresholds Inc's impact lies in empowering people with disabilities to lead meaningful, connected lives. Through their community services program and adult respite services, they assist individuals with developmental disabilities aged 18 and older in promoting their independence and providing support to caregivers. Thresholds Inc, based in Grand Rapids, MI, focuses on providing social and mental health services to help individuals with developmental disabilities live as independently as possible within their community. Their work falls under the category of human services, emphasizing the organization's commitment to enhancing the quality of life for those they serve.
This information is meant to be a general summary of Thresholds 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: $500
- Program Service Revenue: $9,391,759
- Gross Receipts: $9,703,654
Assets and Liabilities:
- Total Assets: $3,754,606
- Total Liabilities: $1,578,930
- Net Assets: $2,175,676
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
FEES FROM GOVERNMENT
Revenue
$8,339,663
ADULT HOUSING
Revenue
$900,830
MANAGEMENT FEE
Revenue
$74,832
CONTRACTUAL SERVICE FE
Revenue
$16,113
Organization Details
Founding Year
1975
Phone
(616) 455-0960Principal Officer
Jacquelyn Johnson
Main Address
160 68TH STREET SW 130, GRAND RAPIDS, MI, 49548
Website
www.threshnet.orgNTEE Category
Code: P82Z - Human services
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