Overview
What is Mother Theodore Corporation Iii?
Mother Theodore Corporation III is a not-for-profit organization, established in accordance with Indiana's not-for-profit statutes. Their primary mission is to operate a 48-unit apartment facility named the Clinton Housing Project, located in Clinton, Indiana. This project serves as a home for low- and moderate-income families. The corporation operates under Section 236 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD), ensuring proper rental charges and operating methods. The corporation's main objective is to provide affordable housing solutions to eligible families.
Is Mother Theodore Corporation Iii legitimate?
Mother Theodore Corporation Iii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mother Theodore Corporation Iii 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.
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What is the mission statement of Mother Theodore Corporation Iii?
Mother Theodore Corporation III is a not-for-profit organization established in accordance with Indiana's not-for-profit laws. Its primary purpose is to manage a 48-unit apartment complex, known as the Clinton Housing Project, which provides affordable housing for low and moderate-income families. The corporation operates under Section 236 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD) with regards to rental charges and operational methods. The corporation's mission is to provide housing for those in need, adhering to the guidelines set by the National Housing Act and HUD.
Who is the CEO of Mother Theodore Corporation Iii?
David L Bonnett is the President of Mother Theodore Corporation Iii.
What is the revenue of Mother Theodore Corporation Iii?
Mother Theodore Corporation Iii's revenue in 2022 was $390,189.
Who are the executives of Mother Theodore Corporation Iii and what are their salaries?
Here are 11 key members and their salaries:
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Where can I find the form 990 for Mother Theodore Corporation Iii?
Mother Theodore Corporation Iii's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mother Theodore Corporation Iii
Mother Theodore Corporation III, established according to the not-for-profit statutes of Indiana, operates with a mission to provide housing for low and moderate-income families. The corporation manages a 48-unit apartment facility, known as Clinton Housing Project, which serves as a home for these families. Mother Theodore Corporation III operates under Section 236 of the National Housing Act and is regulated by the U.S. Department of Housing and Urban Development (HUD) regarding rental charges and operating methods. The corporation's primary aim is to provide affordable housing, ensuring that families in need have a secure and suitable living environment.
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Impact
October, 2024
Mother Theodore Corporation III has a significant impact on the community by providing affordable housing to low and moderate-income families in Clinton, Indiana. Operating the Clinton Housing Project, which consists of 48 apartment units, the Corporation plays a crucial role in addressing the housing needs of individuals and families who might otherwise struggle to find stable and affordable living conditions.
By ensuring that rental charges are regulated and comply with guidelines from the U.S. Department of Housing and Urban Development (HUD), the Corporation not only facilitates access to quality housing but also contributes to the overall well-being of the community. This support helps to improve living standards, promotes economic stability, and fosters a sense of community among residents.
Through its commitment to affordable housing, Mother Theodore Corporation III directly addresses issues of housing insecurity, helping to alleviate poverty and enhance the quality of life for its residents. The presence of such housing initiatives is vital in creating vibrant, sustainable communities where families can thrive.
This information is meant to be a general summary of Mother Theodore Corporation Iii. Please take the time to review official sources before making any decisions based upon the content provided here.
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.
- Investment Income: $480
- Program Service Revenue: $64,316
- Gross Receipts: $390,189
Assets and Liabilities:
- Total Assets: $2,023,006
- Total Liabilities: $104,821
- Net Assets: $1,918,185
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$64,316
Organization Details
Founding Year
2005
Phone
(812) 232-5083Principal Officer
David L Bonnett
Main Address
711 OHIO STREET, TERRE HAUTE, IN, 47807
NTEE Category
Code: L20 - Housing
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