The Thresholds
501(c)(3) Donations tax-deductible
87% goes to programs $2 to raise $100 Strong reserves Growing revenue
The Thresholds is a 501(c)(3) organization based in Chicago, Illinois, registered in 1965, with $120,610,303 in FY2023 revenue. CharityIndex grades it A, and it directs about 87% of spending to programs.
4101 N Ravenswood Ave, Chicago, IL, 60613 EIN 36-2518901 Since 1965
Revenue (FY2023)
$120.6M
▲ 9.9% vs prior year
Expenses (FY2023)
$117.4M
Net assets
$68.9M
Employees
1,550
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
A
AProgram efficiency40% of the rating87% to programs · $2 to raise $100
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For The Thresholds: 87% to programs · $2 to raise $100 earns a A on this criterion. See the exact thresholds →
AFinancial health25% of the rating7 mo reserves · +3% margin
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For The Thresholds: 7 mo reserves · +3% margin earns a A on this criterion. See the exact thresholds →
A+Governance25% of the rating6 of 6 checks met
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For The Thresholds: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
A+Transparency10% of the rating5 of 5 disclosure signals
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For The Thresholds: 5 of 5 disclosure signals earns a A+ on this criterion. See the exact thresholds →
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Mission
Comprehensive community services for persons with serious mental health and substance use conditions.
What they do
Independent livingthresholds provides a wide variety of community-based, affordable housing options including independent apartments, apartment buildings with services on site, and supported and supervised group home settings. thresholds provides affordable housing for approximately 1,000 people per year. thresholds provides wraparound community-based services, healthcare, and housing support that help people maintain independent living and avoid institutional settings.
Vocational and social rehabilitation thresholds provides evidence-based supported employment services to people with mental illness and substance use disorders. in fy24 thresholds provided employment services to 742 individuals. thresholds provides wraparound services that supports full integration into community life.
Substance use treatment:thresholds provides outpatient and intensive outpatient substance use treatment with a focus on foundational dimensions of recovery, including health, housing, purpose, and community. thresholds substance use treatment services are integrated with services for mental health conditions and use a harm reduction approach supporting physical and emotional wellbeing. youth services:thresholds provides behavioral health services, housing, education and vocational training for youth ages 16 to 21 experiencing mental illness. thresholds provides both permanent and transitional living for these youth.research projects:thresholds' evaluation and research department works to reimagine health care delivery for persons with behavioral health conditions. research staff collaborate with external university partners to develop and implement cutting edge interventions that work in real world settings and contribute to the literature on behavioral health best practices. the evaluation staff work with internal programs to identify ways of improving member outcomes and care experience while also facilitating a culture of continuous learning within the agency. together, evaluation and research share a vision to empower those who seek to advance and improve behavioral health by sharing informed and actionable insights for others to implement.
Contact & location
Financial trends
Revenue grew from $63.2M (FY2013) to $120.6M (FY2023) across 11 reported years.
Financial snapshot
Financial health & position (FY2023)
Liabilities $24.6MNet assets $68.9M
Operating margin
2.6%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$93.5M
Total liabilities
$24.6M
Net assets
$68.9M
Salaries & benefits
$85.0M
72% of expenses
Board members
47
47 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $120,610,303▲9.9% | $117,430,079▲9.3% | $68,880,390▲7.3% | $93,505,506▲1.0% | 990 |
| 2022 | $109,774,551▲8.1% | $107,452,595▲10.0% | $64,183,255▲3.5% | $92,580,481▲8.8% | 990 |
| 2021 | $101,590,206▲1.7% | $97,669,985▲5.2% | $62,003,497▼0.3% | $85,096,661▼10.1% | 990 |
| 2020 | $99,875,195▲6.0% | $92,853,996▲2.4% | $62,161,601▲17.0% | $94,634,488▲22.4% | 990 |
| 2019 | $94,233,884▲8.2% | $90,701,074▲1.7% | $53,143,979▲7.3% | $77,313,555▲14.0% | 990 |
| 2018 | $87,121,522▼6.1% | $89,165,127▼0.1% | $49,511,260▼3.6% | $67,823,892▲1.4% | 990 |
| 2017 | $92,785,062▼0.4% | $89,246,329▼1.6% | $51,336,331▲8.2% | $66,879,241▲3.5% | 990 |
| 2016 | $93,139,070▲7.2% | $90,690,462▲6.4% | $47,454,887▲8.4% | $64,629,281▼1.7% | 990 |
| 2015 | $86,919,471▲14.3% | $85,264,546▲15.8% | $43,772,453▲10.3% | $65,753,176▲14.6% | 990 |
| 2014 | $76,053,519▲20.3% | $73,642,514▲18.6% | $39,693,908▲5.4% | $57,381,010▼0.2% | 990 |
| 2013 | $63,224,613 | $62,077,258▲12.6% | $37,657,200▲3.6% | $57,484,717▲11.0% | 990 |
| 2012 | — | $55,129,529▲9.4% | $36,336,472▲17.7% | $51,796,741▲11.4% | 990 |
| 2011 | — | $50,393,273▲6.3% | $30,882,681▲7.5% | $46,498,117▲7.0% | 990 |
| 2010 | — | $47,399,412▼1.9% | $28,738,148▲13.3% | $43,467,229▲9.4% | 990 |
| 2009 | — | $48,338,577 | $25,368,925 | $39,732,948 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Leadership & compensation (FY2023)
Highest-paid: Mark Ishaug — $425,860 (0.36% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Mark Ishaug | Chief Executive Officer | 40 | $425,860 |
| Susan Leese-buratto Md | Psychiatrist | 40 | $262,069 |
| Al G Shoreibah CPA Mba | Chief Financial Officer | 40 | $257,945 |
| Steven Weinstein Md | Medical Director | 40 | $225,876 |
| Wesley J Cook Do | Chief Medical Officer | 30 | $215,976 |
| Kimberly T Meyer Md | Psychiatrist - Part Time | 40 | $210,138 |
| Debra Pavick Lcsw | Chief Clinical Officer | 40 | $209,337 |
| Christine Noone | Chief Talent Officer | 40 | $204,914 |
| Mark Furlong Lcsw | Chief Operating Officer | 40 | $201,535 |
| Michael J Faley | General Counsel | 40 | $186,589 |
| Ademola T Popoola | Chief Information Officer | 40 | $182,350 |
| Timothy Lowder | Vp & Controller | 40 | $182,072 |
| Heather O'donnell | Senior Vp, Public Pol & Advocacy | 40 | $175,410 |
| Burim Bakali | Senior Vp, Health Info Systems | 40 | $165,850 |
| Denise L Atkins | Chief of Community Engagement | 40 | $163,272 |
| Dale M Rozek | Senior Vp, Total Rewards | 40 | $162,306 |
| Brent Peterson | Chief Development Officer | 40 | $152,280 |
| Barbara R Barreno-paschall Jd Mpp | Director | 0.6 | — |
| Benjamin Albrecht | Director | 0.6 | — |
| Bill Burfeind | Director | 0.6 | — |
Top vendors & contractors (FY2023)
| Contractor | Services | Paid |
|---|---|---|
| Continental Resources Inc | It Outsources Contract | $1,092,760 |
| D&v Maintenance Group | Cleaning Services and Repairs | $1,042,454 |
| Rush University Medical Center | Contracted Nurses Services | $644,465 |
| The Ultimate Software Group | Hr/payroll Softwares | $494,270 |
| The Lasalle Network | Temporary Staffing | $455,493 |
Grants received · $8.0M total
115 grants to The Thresholds totaling $8.0M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| Morgan Stanley Global Impact Funding Trust Inc | Unrestricted general support | 2024 | $275,000 |
| Robert R Mccormick Foundation | Thresholds mothers project, thresholds veterans project and youth and young adult services | 2024 | $187,500 |
| Charities Aid Foundation America | Charitable donation | 2024 | $25,720 |
| United Way of Metropolitan Chicago Inc | Program support | 2024 | $25,407 |
| American Online Giving Foundation Inc | General support | 2024 | $10,681 |
| American Endowment Foundation | Mental health | 2024 | $6,000 |
| Northwestern Memorial Healthcare | Access to resources | 2023 | $1,200,000 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $122,719 |
| The Seattle Foundation | $75k to support staff recruitment, retainment, wage compensation. | 2023 | $75,000 |
| The Chicago Community Trust | General support for programs, operations and other charitable purposes | 2023 | $74,600 |
| Robert R Mccormick Foundation | General operating support and thresholds mothers project | 2023 | $62,500 |
| Independent Charitable Gift Fund | General support | 2023 | $53,500 |
| Jewish Federation of Metropolitan Chicago | Grants from donor advised funds- operating support | 2023 | $36,508 |
| American Online Giving Foundation Inc | General support | 2023 | $35,615 |
| Donor Advised Charitable Giving | Health | 2023 | $33,150 |
Grants made · $680K in FY2023
1 grant totaling $680K in FY2023. All grants made by The Thresholds →
| Recipient | Purpose | Amount |
|---|---|---|
| Thresholds Health Nfp | Support of program activity | $680,181 |
Frequently asked questions
- Is The Thresholds a legitimate nonprofit?
- Yes. The Thresholds is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 36-2518901, based in Chicago, Illinois. Donations are tax-deductible.
- What is The Thresholds's EIN?
- The Thresholds's Employer Identification Number (EIN) is 36-2518901.
- How much revenue does The Thresholds report?
- The Thresholds reported $120,610,303 in total revenue on its fiscal year 2023 IRS Form 990 filing.
- How much of The Thresholds's spending goes to programs?
- The Thresholds spends about 87% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does The Thresholds have?
- CharityIndex grades The Thresholds A, based on program efficiency and fundraising cost.
- How much does The Thresholds's highest-paid employee make?
- The highest reported compensation on The Thresholds's latest Form 990 is $425,860, paid to Mark Ishaug (Chief Executive Officer).
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Data for The Thresholds (EIN 36-2518901) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.