Overview
What is Thi-8 Inc?
Thi-8 Inc, based in Chicago, Illinois, is a nonprofit social service agency dedicated to supporting individuals recovering from severe and persistent mental illness. They provide housing facilities and services tailored to meet the physical, social, and psychological needs of these individuals. The agency owns and operates a 15-unit apartment building named Carroll Street Apartments, which is regulated by the U.S. Department of Housing and Urban Development (HUD) for rent and operating methods. Funding for certain capital costs not approved by HUD has been provided by an advance from The Thresholds, a related nonprofit organization that also offers rehabilitative services to former mental patients and provides management, accounting, and administrative services to Thi-8 Inc. The Thresholds charge a management fee for these services. Thi-8 Inc's activities are controlled by The Thresholds' Board of Directors, and they receive operating advances from The Thresholds.
Official website here: www.thresholds.org
Is Thi-8 Inc legitimate?
Thi-8 Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Thi-8 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.
Here are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,254
For more financial information, click here
Official website here: www.thresholds.org
What is the mission statement of Thi-8 Inc?
Thi-8 Inc is a non-profit social service agency dedicated to providing housing facilities and services tailored to meet the physical, social, and psychological needs of individuals facing the challenge of recovery from severe and persistent mental illness. The organization specializes in offering a 15-unit apartment building, subject to a first mortgage capital advance obtained under Section 811 of the National Housing Act, to individuals requiring long-term mental health support. The apartments are regulated by the U.S. Department of Housing and Urban Development, with lease terms typically lasting a year. The agency's activities, including funding capital costs not approved by HUD, are controlled by the board of directors of a related non-profit organization, The Thresholds, which also provides rehabilitative services to former mental patients and offers management, accounting, and administrative services to Thi-8 Inc for a management fee.
Official website here: www.thresholds.org
Who is the CEO of Thi-8 Inc?
Al Shoreibah is the President of Thi-8 Inc. The CEO's salary of Thi-8 Inc is $0 and their total compensation is $451,372.
Official website here: www.thresholds.org
What is the revenue of Thi-8 Inc?
Who are the executives of Thi-8 Inc and what are their salaries?
- Mark Ishaug (Chief Executive Officer)
- Al G Shoreibah Cpa Mba (Chief Financial Officer)
- Mark Furlong Lcsw (Chief Operating Officer)
- Debra Pavick Lcsw (Chief Clinical Officer)
- Christine Noone (Chief Talent Officer)
- Brent Peterson (Chief Development Officer)
- Ademola T Popoola (Chief Information Officer)
- Denise L Atkins (Chief Of Community Engagement And Equity)
- Suzet M Mckinney Drph Mph (President) [Trustee/Director]
- Dr Ven Mothkur (Vice President) [Trustee/Director]
- Robert Spencer (Treasurer) [Trustee/Director]
- Leo Lanzillo (Assistant Treasurer - Thru 12/31) [Trustee/Director]
- James Kolar (Assistant Treasurer - Beg. 12/31) [Trustee/Director]
- Dr Inger Burnett-Zeigler (Secretary) [Trustee/Director]
- Scarleth Lever Ortiz (Assistant Secretary - Thru 12/31) [Trustee/Director]
- Minal Varma (Assistant Secretary - Beg. 12/31) [Trustee/Director]
- Benjamin Albrecht (Director)
- Jana Barbe (Director - Thru 12/31)
- Judy Ashworth Md (Director - Beg. 12/31)
- Barbara R Barreno-Paschall Jd Mpp (Director - Beg. 12/31)
- Pamela Buffett (Director)
- Bill Burfeind (Director - Beg. 12/31)
- Raymond E Crossman Phd (Director)
- Joanne Dahm (Director)
- Debbie Davis (Director)
- Marianne Doan (Director)
- David Evely (Director)
- Crystal Glover Phd (Director)
- Satyender Goel Phd (Director)
- Ronald B Grais Jd (Director)
- Megan Greer (Director)
- Robert Haan (Director)
- Mary Jo Herseth (Director)
- Mary Hill (Director)
- Claudine Hollack (Director - Beg. 12/31)
- Vicki Horwich (Director)
- Charlie Hymen (Director)
- Stephen Isaacs (Director - Beg. 12/31)
- Cynthia Jones (Director)
- Julie Kane (Director - Thru 12/31)
- Dan Klaff (Director)
- James A Kolar (Director - Thru 12/31)
- Steven Levin (Director - Thru 12/31)
- Judy Maley (Director - Thru 12/31)
- Roxanne M Martino (Director)
- Keith Mcclintock (Director)
- Joseph Moos (Director)
- Sharon Neal (Director)
- Ina N Owens Lcsw (Director)
- Gino Pinto (Director)
- Tammy Randa (Director)
- Christine M Rhode (Director)
- Sue Roberts (Director)
- Dr Beth Rom-Rymer (Director)
- Linda G Sahagian (Director)
- Chris Segal (Director)
- Dr Garth Walker Md Mph (Director)
- Sarah Ware (Director)
- Jasmine Watkins (Director - Beg. 12/31)
- Kirk Williams (Director - Beg. 12/31)
- Jeremy Wright (Director - Beg. 12/31)
Official website here: www.thresholds.org
Where can I find the form 990 for Thi-8 Inc?
The Thi-8 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 Thi-8 Inc
Thi-8 Inc, a nonprofit social service agency, is dedicated to providing housing facilities and services specifically designed to meet the physical, social, and psychological needs of individuals recovering from severe and persistent mental illness. The organization's mission, known as Project THI-08, is geared toward offering a supportive environment that caters to the unique challenges faced by these individuals during their recovery journey.
The agency manages a 15-unit apartment building, called Carroll Street Apartments, in Chicago, Illinois. This housing complex is subject to a first mortgage capital advance obtained under Section 811 of the National Housing Act. The terms of the leases are regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring fair rents and operating methods. The project also received a capital cost funding of $614,141 from an organization called The Thresholds, which will be recorded as a capital contribution and will not be repaid for at least forty years.
The Thresholds, a related nonprofit organization, provides rehabilitative services to former mental patients and offers certain management, accounting, and administrative services to THI-8 Inc for a management fee. Furthermore, The Thresholds also offers operating advances to the project. THI-8 Inc's activities are controlled by the Board of Directors of The Thresholds, demonstrating a collaborative effort between the two organizations to support individuals in recovery from severe mental illness.
Impact
This information is meant to be a general summary of Thi-8 Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Tuesday, June 18, 2024
Thi-8 Inc's impact is profound in providing housing facilities and services specifically tailored to support individuals recovering from severe and persistent mental illness. Through their Carroll Street Apartments in Chicago, Illinois, Thi-8 Inc offers a crucial resource for those in need, helping them address their physical, social, and psychological needs as they work towards recovery. By offering regulated leases and essential support services, Thi-8 Inc plays a vital role in assisting individuals facing the challenges of mental illness, ultimately contributing to their well-being and quality of life.
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.
- Assets and Liabilities:
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENT SUBSIDY
Revenue
$128,615
RESIDENTIAL FEES
Revenue
$53,853
RENT REVENUE
Revenue
$2,736
Organization Details
Founding Year
1991
Phone
(773) 572-5500
Principal Officer
Al Shoreibah
Main Address
4101 N RAVENSWOOD, CHICAGO, IL, 60613
Website
www.thresholds.org
NTEE Category
Code: F33 - Mental health
If you are a representative of Thi-8 Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.