Thi-13
Public records show a registered, tax-exempt organization in good standing.
Points to look into
- It owes more than it owns.
These come from the organization's own tax return. There may be a good explanation; ask the charity.
What it says it does
THI-13 (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.
- Income
- $124,990
- Spending
- $180,872
- Spent on programs
- 79%
- Reserves
- -53.5 months of spending
- Largest source of income
- fees for its services, 100%
- Employees
- 0
- Volunteers
- 51
- Highest pay
- $563,071, president & chief executive officer
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 25 out of 100. Higher than 15% of charities in its peer group (housing, under $250k).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
0 of 20It owes 232% of what it owns.
Living within its means
0 of 15Spending exceeded income by 45% of income.
Income trend
10 of 15Income fell 8% on the year before.
Spending floor
15 of 1579% of spending went to programs.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 94 out of 100. Higher than 80% of charities in its peer group (housing, under $250k).
Independent board
25 of 2547 of 47 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
0 of 5Reports no independent review process for its chief executive's pay.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $142,455 spent. THI-13 (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 AN 8-UNIT APARTMENT BUILDING IN CHICAGO HEIGHTS, ILLINOIS, KNOWN AS CHICAGO HEIGHTS APARTMENTS, WHICH IS SUBJECT TO A FIRST MORTGAGE CAPITAL ADVANCE OBTAINED UNDER THE PROVISIONS OF SECTION 811 OF THE NATIONAL HOUSING ACT (FHA PROJECT NO. 071-HD052). 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 $167,842 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.
Source: Form 990 for the year ending June 30, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated October 13, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending June 2025.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 1997.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 21, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.