Overview
What is Mother Theodore Corporation Ii?
Mother Theodore Corporation II is a nonprofit organization established in compliance with Indiana's not-for-profit laws. Its primary mission is to manage a 96-unit apartment complex named Greenwood Manor I, located in Terre Haute, Indiana. The corporation provides affordable housing to low- and moderate-income families, contributing to the community by offering them a place to reside. Its purpose and activities are rooted in the betterment of living conditions for families in need.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 67% (Two-Star out of Four Stars)
Mother Theodore Corporation II has received a rating of 67% from Charity Navigator, indicating a moderate level of performance. The organization has strong governance features, evidenced by its majority independent board and effective management of assets. The program expense ratio is commendable, as 84.50% of funds are directed toward programs, which is a positive aspect of its operational efficiency.
However, significant concerns arise from the lack of transparency and accountability in certain areas. The organization does not provide financial statements, does not have its website listed on its tax form, and lacks important policies such as conflict of interest, whistleblower protection, and document retention. These deficiencies contribute to its lower overall rating and may affect donor confidence.
In summary, while Mother Theodore Corporation II exhibits strengths in financial management and governance, its limitations in transparency and policy implementation highlight areas that require improvement to enhance accountability and foster trust among stakeholders.
This AI summary has been generated from information found on Charity Navigator.
Is Mother Theodore Corporation Ii legitimate?
Mother Theodore Corporation Ii is a legitimate nonprofit organization registered as a 501(c)(3) entity. Mother Theodore Corporation Ii 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Mother Theodore Corporation Ii?
Mother Theodore Corporation II is a non-profit organization, established in accordance with Indiana's non-profit statutes. Its primary purpose is to manage and operate a 96-unit apartment facility, known as Greenwood Manor I, located in Terre Haute, Indiana. This facility provides housing for families with low and moderate income. The corporation's mission is to contribute to the community by providing affordable housing to those in need.
What is the revenue of Mother Theodore Corporation Ii?
Mother Theodore Corporation Ii's revenue in 2023 was $585,244.
Who are the executives of Mother Theodore Corporation Ii and what are their salaries?
Here are 10 key members and their salaries:
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Where can I find the form 990 for Mother Theodore Corporation Ii?
Mother Theodore Corporation Ii's most recent form 990 was submitted in 2023 and can be accessed here.
Mission Statement of Mother Theodore Corporation Ii
Mother Theodore Corporation II is a not-for-profit organization established in accordance with Indiana's non-profit statutes. Its primary mission is to operate a 96-unit apartment facility named Greenwood Manor I, situated in Terre Haute, Indiana. This facility serves as a housing solution for low and moderate-income families, providing them with a secure and comfortable living environment. The corporation's objective is to contribute to the community by offering affordable housing options, thereby contributing to the well-being of its residents.
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Impact
July, 2024
The impact of Mother Theodore Corporation II, operating Greenwood Manor I in Terre Haute, Indiana, is significant in providing housing to low and moderate-income families. By offering a 96-unit apartment facility, the organization plays a crucial role in addressing the housing needs of these vulnerable populations. Their mission of providing affordable housing contributes to enhancing the quality of life and stability of individuals and families in the community.
This information is meant to be a general summary of Mother Theodore Corporation Ii. 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 2023.
- Investment Income: $7
- Program Service Revenue: $513,898
- Gross Receipts: $585,244
Assets and Liabilities:
- Total Assets: $849,544
- Total Liabilities: $421,234
- Net Assets: $428,310
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$513,898
Organization Details
Founding Year
2005
Principal Officer
David L Bonnett
NTEE Category
Code: L22 - Housing
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