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Mother Theodore Corporation

Mother Theodore Corporation

Terre Haute, IN 47807
Tax ID35-1985001

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About this organization

Revenue

$853,123

Expenses

$751,093

Mission

MOTHER THEODORE CORPORATION (THE CORPORATION) IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 150 UNIT APARTMENT FACILITY KNOWN AS GREENWOOD II (THE PROJECT) LOCATED IN TERRE HAUTE, INDIANA, WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT.

About

MOTHER THEODORE CORPORATION (THE CORPORATION) IS A NOT-FOR-PROFIT CORPORATION FORMED IN ACCORDANCE WITH THE NOT-FOR-PROFIT STATUTES OF THE STATE OF INDIANA. THE CORPORATION WAS FORMED FOR THE PURPOSE OF OPERATING A 150 UNIT APARTMENT FACILITY KNOWN AS GREENWOOD II (THE PROJECT) LOCATED IN TERRE HAUTE, INDIANA, WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE PROJECT IS FINANCED WITH A MORTGAGE THAT IS INSURED BY THE DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT (HUD) PURSUANT TO SECTION 223(F) OF THE NATIONAL HOUSING ACT AND IS, THEREFORE, REGULATED BY HUD WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS. THE CORPORATION HAS ALSO ENTERED INTO A HOUSING ASSISTANCE PAYMENT CONTRACT (HAP CONTRACT) WITH HUD. THE HAP CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 OF THE NATIONAL HOUSING ACT.

Interesting data from their 2020 990 filing

According to the filing, the non-profit's mission is “Mother theodore corporation (the corporation) is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of indiana. the corporation was formed for the purpose of operating a 150 unit apartment facility known as greenwood ii (the project) located in terre haute, indiana, which provides housing to low and moderate income families. the project is financed with a mortgage that is insured by the department of housing and urban development (hud) pursuant to section 223(f) of the national housing act and is, therefore, regulated by hud with respect to rental charges and operating methods. the corporation has also entered into a housing assistance payment contract (hap contract) with hud. the hap contract is a rent assistance program for low income families (or persons) as provided by section 8 of the national housing act.”.

When referring to its actions, they were described as: “Mother theodore corporation (the corporation) is a not-for-profit corporation formed in accordance with the not-for-profit statutes of the state of indiana. the corporation was formed for the purpose of operating a 150 unit apartment facility known as greenwood ii (the project) located in terre haute, indiana, which provides housing to low and moderate income families. the project is financed with a mortgage that is insured by the department of housing and urban development (hud) pursuant to section 223(f) of the national housing act and is, therefore, regulated by hud with respect to rental charges and operating methods. the corporation has also entered into a housing assistance payment contract (hap contract) with hud. the hap contract is a rent assistance program for low income families (or persons) as provided by section 8 of the national housing act.”.

  • According to the law, the state of operation reported by the non-profit is IN.
  • As per the filing, the address of the non-profit for 2020 is 711 OHIO STREET, TERRE HAUTE, IN, 47807.
  • According to their form, the non-profit as of 2020 has a total of 0 employees.
  • Is not a private foundation.
  • Expenses are between $500,000 and $1,000,000+.
  • Revenue is between $500,000 and $1,000,000+.
  • Revenue less expenses is $102,030.
  • The organization has 9 independent voting members.
  • The organization was formed in 1996.
  • The organization pays $0 in salary, compensation, and benefits to its employees.
  • The organization pays $0 in fundraising expenses.

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