Thi-8
Thi-8
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About this organization
Mission
TO PROVIDE HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF INDIVIDUALS FACING THE CHALLENGE OF RECOVERY FROM SEVERE AND PERSISTENT MENTAL ILLNESS.
About
THI-08 (PROJECT) IS A NONPROFIT SOCIAL SERVICE AGENCY WHICH PROVIDES HOUSING FACILITIES AND SERVICES SPECIALLY DESIGNED TO MEET THE PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS OF INDIVIDUALS FACING THE CHALLENGE OF RECOVERY FROM SEVERE AND PERSISTENT MENTAL ILLNESS. THE PROJECT OWNS AND OPERATES A 15-UNIT APARTMENT BUILDING IN CHICAGO, ILLINOIS, KNOW AS CARROLL STREET APARTMENTS, WHICH IS SUBJECT TO A FIRST MORTGAGE CAPITAL ADVANCE OBTAINED UNDER PROVISIONS OF SECTION 811 OF THE NATIONAL HOUSING ACT (FHA PROJECT NO. 071-HH010). THE APARTMENTS GENERALLY ARE LEASED FOR ONE-YEAR TERMS AND ARE REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) AS TO RENTS AND OPERATING METHODS. CERTAIN CAPITAL COSTS NOT APPROVED BY HUD HAVE BEEN FUNDED BY A $614,141 ADVANCE FROM THE THRESHOLDS. THOSE FUNDS WILL BE RECORDED AS A CAPITAL CONTRIBUTION AND WILL NOT BE REPAID TO THE THRESHOLDS FOR AT LEAST FORTY YEARS. THE PROJECT'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 ALSO PROVIDES CERTAIN MANAGEMENT, ACCOUNTING, AND ADMINISTRATIVE SERVICES AND OFFICE FACILITIES TO THE PROJECT FOR WHICH A MANAGEMENT FEE IS CHARGED. THE THRESHOLDS PROVIDES OPERATING ADVANCES TO THE PROJECT.
Interesting data from their 2019 990 filing
The filing reveals the mission of the non-profit as “Thi-08 (project) is a nonprofit social service agency which provides housing facilities and services specially designed to meet the physical, social and psychological needs of individuals facing the challenge of recovery from severe and persistent mental illness.”.
When detailing its functions, they were listed as: “To provide housing facilities and services specially designed to meet the physical, social and psychological needs of individuals facing the challenge of recovery from severe and persistent mental illness.”.
- According to the law, the state where the non-profit operates has been reported as IL.
- The filing specifies that the non-profit's address in 2019 was 4101 N RAVENSWOOD, CHICAGO, IL, 60613.
- As of 2019, the non-profit's form shows they have a total of 0 employees.
- Is not a private foundation.
- Expenses are between $250,000 and $500,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is -$140,586.
- The organization has 42 independent voting members.
- The organization was formed in 1991.
- The organization pays $59,416 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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