MOTHER THEODORE CORPORATION III

EIN: 202515059 501(c)(3) Housing & Shelter

TERRE HAUTE, IN

Total Revenue
$432,805
Total Expenses
$424,272
Total Assets
$1,991,148
Net Assets
$1,919,991
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2005
Legal Domicile
IN
Principal Officer
DAVID L BONNETT
Phone
8122325083
Tax Period
2024-01-01 to 2024-12-31

MOTHER THEODORE CORPORATION III, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $433K in total revenue in fiscal year 2024. Net assets of $1.9M represent 53 months of operating reserves.

Mission

MOTHER THEODORE CORPORATION III 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 48 UNIT APARTMENT FACILITY KNOWN AS CLINTON HOUSING PROJECT (THE "PROJECT") LOCATED IN CLINTON, INDIANA, WHICH PROVIDES HOUSING TO LOW AND MODERATE INCOME FAMILIES. THE CORPORATION IS OPERATED UNDER SECTION 236 OF THE NATIONAL HOUSING ACT AND REGULATED BY THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT ("HUD") WITH RESPECT TO RENTAL CHARGES AND OPERATING METHODS.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $340,491
Program Service Revenue $85,043
Investment Income $2,712
Other Revenue $4,559
TOTAL REVENUE $432,805

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $350,254
Other Expenses $424,272
TOTAL EXPENSES $424,272

Year-over-Year Comparison

2024 2023 Change
Revenue $432,805 $410,856 +0.1%
Expenses $424,272 $417,583 +0.0%
Net Income $8,533 $-6,727 -2.3%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
8
Independent Members
8
Employees
N/A
Volunteers
N/A

Governance Policies

✗ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
4
$0
Total Directors
8
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID BONNETT PRESIDENT 0.50
Officer Director
$0 $0 $0
JEANNE CONLEY VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DONNA BUSCH SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
ROBERT MURRAY BOARD MEMBER 0.50
Director
$0 $0 $0
JOANIE KANIZER BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLES WELKER BOARD MEMBER 0.50
Director
$0 $0 $0
CANDY BARTON BOARD MEMBER 0.50
Director
$0 $0 $0
RICHARD SHAGLEY II BOARD MEMBER 0.50
Director
$0 $0 $0
YVONNE AVARY ASSISTANT SECRETARY 0.50
Officer
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 $432,805 $424,272 $1,991,148 $8,533
2023 $410,856 $417,583 $2,003,813 $-6,727
2022 $390,189 $385,406 $2,023,006 $4,783
2021 $365,764 $389,018 $2,047,686 $-23,254
2020 $330,561 $328,778 $2,112,622 $1,783
2019 $311,680 $347,465 $2,143,937 $-35,785
2018 $316,569 $364,646 $2,190,964 $-48,077
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