MOTHER THEODORE CORPORATION IV

EIN: 203035695 501(c)(3) Housing & Shelter

TERRE HAUTE, IN

Total Revenue
$521,203
Total Expenses
$461,821
Total Assets
$1,046,077
Net Assets
$1,008,457
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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
2023-01-01 to 2023-12-31

MOTHER THEODORE CORPORATION IV, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $521K in total revenue in fiscal year 2023. Expenses of $462K left a modest 11% surplus.

Mission

MOTHER THEODORE CORPORATION IV 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 16 UNIT 32 RESIDENT CONGREGATE LIVING APARTMENT PROJECT, PROVIDING LOW INCOME HOUSING INCLUDING PROVISION OF MEALS AND SOCIAL ACTIVITIES FOR ELDERLY AND PHYSICALLY HANDICAPPED INDIVIDUALS. THE CORPORATION ALSO OPERATES 16 ADDITIONAL SINGLE FAMILY DWELLINGS THAT PROVIDE LOW INCOME HOUSING. THIS PROJECT IS OPERATED IN CONJUNCTION WITH THE CITY OF TERRE HAUTE DEPARTMENT OF REDEVELOPMENT.

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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 (2023)

Revenue Breakdown

Contributions & Grants $60,816
Program Service Revenue $457,419
Investment Income $28
Other Revenue $2,940
TOTAL REVENUE $521,203

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $408,347
Other Expenses $461,821
TOTAL EXPENSES $461,821

Year-over-Year Comparison

2023 2022 Change
Revenue $521,203 $494,140 +0.1%
Expenses $461,821 $467,865 0.0%
Net Income $59,382 $26,275 +1.3%
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

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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
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
DAVID L BONNETT PRESIDENT 0.50
Officer Director
$0 $0 $0
ROBERT MURRAY VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
DONNA BUSCH SECRETARY - TREASURER 0.50
Officer Director
$0 $0 $0
JOANIE KANIZER BOARD MEMBER 0.50
Director
$0 $0 $0
CANDY BARTON BOARD MEMBER 0.50
Director
$0 $0 $0
CHARLES WELKER BOARD MEMBER 0.50
Director
$0 $0 $0
RICHARD SHAGLEY II BOARD MEMBER 0.50
Director
$0 $0 $0
JEANNE CONLEY BOARD MEMBER 0.50
Director
$0 $0 $0
DUANE MILLER FORMER 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 No data No data No data No data
2023 $521,203 $461,821 $1,046,077 $59,382
2022 $494,140 $467,865 $987,929 $26,275
2021 $468,942 $436,867 $991,588 $32,075
2020 $480,527 $404,176 $1,051,493 $76,351
2019 $475,292 $428,199 $1,070,444 $47,093
2018 $507,190 $416,435 $1,091,413 $90,755
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