Mother Theodore Corporation
Public records show a registered, tax-exempt organization in good standing.
What it says it does
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.
- Income
- $944,808
- Spending
- $1.1 million
- Spent on programs
- 84%
- Reserves
- -2.8 months of spending
- Largest source of income
- fees for its services, 51%
- Employees
- 0
- Volunteers
- 0
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Weak: 40 out of 100. Higher than 29% of charities in its peer group (housing, $250k to $1m).
Reserves
0 of 35Spendable reserves are negative: it owes or has committed more than it holds.
Debt
10 of 20It owes 43% of what it owns.
Living within its means
0 of 15Spending exceeded income by 15% of income.
Income trend
15 of 15Income rose 4% on the year before.
Spending floor
15 of 1584% of spending went to programs and raising each dollar of donations cost 0 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Fair: 65 out of 100. Higher than 24% of charities in its peer group (housing, $250k to $1m).
Independent board
25 of 258 of 8 voting board members are independent.
Conflict of interest policy
0 of 15Reports no written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Independent check of accounts
12 of 15Its accounts were reviewed or compiled by an independent accountant, but not audited.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $918,317 spent. 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.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since August 1996.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.