Overview
What is Mother Theodore Corporation?
Mother Theodore Corporation is a not-for-profit organization established in accordance with Indiana's not-for-profit laws. Its primary purpose is to manage a 150-unit apartment complex named Greenwood II in Terre Haute, Indiana. This facility offers housing to low and moderate-income families, funded through a mortgage insured by the Department of Housing and Urban Development (HUD). The project is regulated by HUD in terms of rental charges and operating methods. Furthermore, Mother Theodore Corporation has entered into a Housing Assistance Payment Contract (HAP Contract) with HUD, which is a rental assistance program for low-income families, as per Section 8 of the National Housing Act. This organization's mission is to provide affordable housing solutions for families in need.
Is Mother Theodore Corporation legitimate?
Mother Theodore Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mother Theodore Corporation 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: $0
For more financial information, click here
What is the mission statement of Mother Theodore Corporation?
The Mother Theodore Corporation is a not-for-profit organization, established in accordance with Indiana's not-for-profit statutes. Its primary purpose is to operate a 150-unit apartment complex, known as Greenwood II, which provides housing for low and moderate-income families. The project is financed through a mortgage insured by the Department of Housing and Urban Development (HUD) under Section 223(F) of the National Housing Act, making it subject to HUD's regulations regarding rental charges and operating methods. The corporation has also entered into a Housing Assistance Payment Contract (HAP Contract) with HUD, a rent assistance program for low-income families as per Section 8 of the National Housing Act. In essence, the Mother Theodore Corporation's mission is to provide affordable housing solutions for economically disadvantaged families.
Who is the CEO of Mother Theodore Corporation?
David L Bonnett is the President of Mother Theodore Corporation.
What is the revenue of Mother Theodore Corporation?
Mother Theodore Corporation's revenue in 2022 was $839,370.
Who are the executives of Mother Theodore Corporation and what are their salaries?
- David L Bonnett (President) [Trustee/Director]
- Robert Murray (Vice President) [Trustee/Director]
- Donna Busch (Secretary/Treasurer) [Trustee/Director]
- Noah Gambill (Director)
- Duane Miller (Director)
- Joanie Kanizer (Director)
- Candy Barton (Director)
- Charles Welker (Director)
- Richard Shagley Ii (Director)
- Jeanne Conley (Director)
- Yvonne Avary (Assistant Secretary)
Where can I find the form 990 for Mother Theodore Corporation?
The Mother Theodore Corporation’s most recent form 990 was submitted in 2022 and can be accessed here
Mission Statement of Mother Theodore Corporation
Mother Theodore Corporation, a not-for-profit organization formed in accordance with Indiana's not-for-profit statutes, was established with a mission to operate a 150-unit apartment facility known as Greenwood II. Located in Terre Haute, Indiana, this project provides affordable housing to low and moderate-income families. Financed through a mortgage insured by the Department of Housing and Urban Development (HUD) under Section 223(F) of the National Housing Act, the project falls under HUD's regulation for rental charges and operating methods. Furthermore, the Corporation has entered into a Housing Assistance Payment Contract (HAP Contract) with HUD, which is a Section 8 rent assistance program for low-income families, as per the National Housing Act.
In essence, Mother Theodore Corporation's mission revolves around providing affordable housing options to families in need. By securing funding from HUD and entering into a HAP Contract, the organization ensures that low-income families can access affordable housing through the Greenwood II project. This not-for-profit corporation plays a vital role in addressing housing issues in its community by making housing more accessible to families who might otherwise struggle to secure suitable accommodation.
Impact
This information is meant to be a general summary of Mother Theodore Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Thursday, August 15, 2024
The Mother Theodore Corporation's impact is significant in providing housing to low and moderate-income families through its operation of a 150-unit apartment facility known as Greenwood II in Terre Haute, Indiana. This nonprofit organization plays a crucial role in offering affordable housing options for those in need, contributing to the community's welfare and stability. By working in collaboration with the Department of Housing and Urban Development (HUD) and participating in rent assistance programs like the Housing Assistance Payment Contract (HAP Contract), the Mother Theodore Corporation supports vulnerable populations and helps address housing insecurity issues in the area.
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.
RENTAL INCOME
Revenue
$488,697
Organization Details
Founding Year
1996
Phone
(812) 232-5083
Principal Officer
David L Bonnett
Main Address
711 OHIO STREET, TERRE HAUTE, IN, 47807
NTEE Category
Code: L22 - Housing
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