Transitional Housing Inc

Nonprofit profile at a glance

EIN
363191926
IRS 990 coverage
2010–2024
Forms available
Form 990 2024, Form 990-EZ 2009, Form 990-T 2024
Location
Chicago, IL, USA
Phone
7735725500
Rating
72
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Group Homes

Official website

Reported finances

Revenue
$278,334
Expenses
$261,994
Assets
$511,985
Liabilities
$347,281

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

66 people listed

Executive titles in this filing

  • DR INGER BURNETT-ZEIGLER (PRESIDENT - THRU 12/31)
  • MARK S ISHAUG (PRESIDENT & CHIEF EXECUTIVE OFFICER)

Highest reported compensation

  • MARK S ISHAUG (PRESIDENT & CHIEF EXECUTIVE OFFICER): $563,071 total reported compensation
  • AL G SHOREIBAH CPA MBA (CHIEF FINANCIAL OFFICER): $306,098 total reported compensation
  • WESLEY J COOK DO (CHIEF MEDICAL OFFICER): $250,691 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Transitional housing, inc. 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.

What it reported doing in 2024

Transitional housing, inc. (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 19-unit apartment building in chicago, Illinois, known as penn house, which is subject to a federally insured first mortgage loan obtained under the provisions of section 202 of the national housing act (fha project no. 071-eh205). 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 $89,343 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.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and some filing-based governance responses are negative or unanswered.

Rating breakdown

  • Financial Efficiency: 72
  • Transparency & Controls: 64
  • Accountability: 91
  • Sustainability: 43
  • Growth: 80

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 79.4%; rating input score 79
  • Program expense ratio: 84.4%; rating input score 84
  • Fundraising efficiency: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 64th percentile among comparable filings
  • Pay-setting controls: 0 of 6 controls in place; rating input score 0
    • Compensation committee: Missing
    • Independent consultant: Missing
    • Other Form 990s reviewed: Missing
    • Written employment contract: Missing
    • Compensation survey or study: Missing
    • Board or committee approval: Missing
  • Foreign activity oversight: Limited
  • Grant itemization coverage: Limited
  • Major donor itemization: Limited
  • Related-party transparency: Limited

Accountability

  • Independent voting board: 100%; rating input score 100; 63rd percentile among comparable filings
  • Governance controls: 7 of 9 controls in place; rating input score 78
    • Conflict-of-interest policy: Pass
    • Whistleblower policy: Pass
    • Document-retention policy: Pass
    • CEO compensation review process: Fail
    • Other executive compensation review process: Fail
    • Form 990 shared with the board: Pass
    • Board meeting minutes documented: Pass
    • Audit committee oversight: Pass
    • Independent financial-statement audit: Pass

Sustainability

  • Operating margin: 5.9%; rating input score 52; 52nd percentile among comparable filings
  • Total-asset coverage ratio: 1.95; rating input score 58; 58th percentile among comparable filings
  • Liabilities to assets ratio: 0.68; rating input score 8; 8th percentile among comparable filings
  • Officer compensation ratio: 91.8%; rating input score 1; 1st percentile among comparable filings

Growth

  • Program expense growth: 2.3% per year; rating input score 100; 41st percentile among comparable filings
  • Revenue growth: 1.5% per year; rating input score 100; 32nd percentile among comparable filings
  • Asset growth: -4% per year; rating input score 0; 12th percentile among comparable filings

Details

  • Where the money goes: 79.4% of revenue deployed · 84.4% of spending went to programs
  • Governance: 47 of 47 board members independent · 7 of 9 filing controls reported
  • Programs: 1 filed program accomplishment · $221K in reported program spending
  • Leadership: top reported pay $563K · 66 people listed · 0 of 6 pay-setting controls reported
  • Consistency: 25 of 25 current checks pass
  • Schedules: 5 filed schedules · includes executive pay
  • Filing history: 15 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Related organizations: 25 filed related-organization links
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

Grant-readiness screening is separate from the live rating, not a measure of program quality. Review the source records before making a grant decision.

  • High — Transparency & Controls: Pay-setting controls scored 0/100.
  • Review — Accountability: Governance controls: 2 of 9 not reported.
  • Review — Sustainability: Operating margin scored 52/100.
  • High — Growth: Asset growth scored 0/100.
  • Review — Sustainability: Total-asset coverage ratio scored 58/100.
  • High — Sustainability: Officer compensation ratio scored 1/100.
  • High — Sustainability: Liabilities to assets ratio scored 8/100.
  • High — Grant Readiness: Federal audit findings: this organization reported findings in its latest federal Single Audit.