Saute the raw vegetables, mushroom and spices in the oil over medium to medium-low heat for 10 minutes or until tender.
Add the remaining ingredients except the cilantro and simmer over medium-low heat, covered, for 30 minutes.
Stir and simmer for an additional 20-30 minutes until the vegetables are cooked through.
Season with salt and, if more spice is desired, hot sauce or cayenne pepper to taste. Serve, sprinkled with the cilantro. Leftover chili freezes well.
