Overview
What is Mother Theodore Corporation Iv?
Mother Theodore Corporation Iv is a not-for-profit organization established in Indiana, following the state's non-profit guidelines. Its primary objective is to operate a 16-unit congregate living apartment project, offering low-income housing for elderly and physically handicapped individuals. This includes providing meals and organizing social activities. Additionally, the corporation runs 16 single-family dwellings to cater to the same demographic, aiming to provide affordable housing options. The project operates in collaboration with Terre Haute's Department of Redevelopment.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Star rating)
Mother Theodore Corporation IV has received a commendable Three-Star rating from Charity Navigator, reflecting an overall score of 80%. This rating primarily stems from a strong accountability and finance beacon score, emphasizing the charity’s commitment to transparency and responsible financial management. The rating indicates that the organization is effectively managing its resources and is committed to achieving its mission.
The organization demonstrates notable strengths, including having a fully independent board, with 100% of its members meeting this criterion. Additionally, the charity has no reported material diversion of assets and maintains transparent practices regarding document retention and board meeting documentation. With a strong program expense ratio of 88.87%, the majority of its funding is directed toward program services, underscoring its focus on impactful activities.
However, while the high scores in various accountability aspects are promising, potential donors and stakeholders should continue to monitor the organization to ensure sustained performance and adherence to high standards of governance and operational effectiveness. The absence of any fiscal irregularities is a positive sign, but ongoing evaluation is critical in the nonprofit sector.
This AI summary has been generated from information found on Charity Navigator.
Is Mother Theodore Corporation Iv legitimate?
Mother Theodore Corporation Iv is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mother Theodore Corporation Iv 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 Iv?
Mother Theodore Corporation Iv is a not-for-profit organization, established in accordance with Indiana's not-for-profit statutes. Its primary purpose is to operate a congregate living apartment project, providing affordable housing with meals and social activities for elderly and physically handicapped individuals. The corporation also manages 16 single-family dwellings, all serving the same low-income housing purpose. This project operates in collaboration with the Terre Haute Department of Redevelopment.
Who is the CEO of Mother Theodore Corporation Iv?
David L Bonnett is the President of Mother Theodore Corporation Iv.
What is the revenue of Mother Theodore Corporation Iv?
Mother Theodore Corporation Iv's revenue in 2022 was $494,140.
Who are the executives of Mother Theodore Corporation Iv 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 Iv?
Mother Theodore Corporation Iv's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Mother Theodore Corporation Iv
Mother Theodore Corporation Iv is a not-for-profit organization established in accordance with the state of Indiana's not-for-profit statutes. Its primary mission is to operate a 16-unit congregate living apartment project, providing affordable housing for elderly and physically handicapped individuals. This project includes meal provisions and social activities to enhance the residents' quality of life. Moreover, Mother Theodore Corporation Iv manages 16 additional single-family dwellings, also aimed at providing low-income housing. This initiative is carried out in collaboration with the City of Terre Haute Department of Redevelopment.
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Impact
July, 2024
Mother Theodore Corporation IV's impact is significant in providing low-income housing and support services to elderly and physically handicapped individuals in Terre Haute, Indiana. Through its operations of a congregate living apartment project and single-family dwellings, the organization facilitates a community where residents can access affordable housing, meals, and social activities. By partnering with the City of Terre Haute Department of Redevelopment, Mother Theodore Corporation IV plays a crucial role in addressing the housing needs of vulnerable populations in the region.
This information is meant to be a general summary of Mother Theodore Corporation Iv. 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: $26
- Program Service Revenue: $423,461
- Gross Receipts: $494,140
Assets and Liabilities:
- Total Assets: $987,929
- Total Liabilities: $38,854
- Net Assets: $949,075
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$423,461
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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