2025-07-09T13:49:42-05:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 202515059 MOTHER THEODORE CORPORATION III MOTH 8122325083 711 OHIO STREET TERRE HAUTE IN 47807 DAVID L BONNETT PRESIDENT 8122325083 2025-07-07 1 0 BRITTANY PHILLIPS P01083761 3178485700 2024 2025-03-06 01:10:19Z DAVID L BONNETT 711 OHIO STREET TERRE HAUTE IN 47807 432805 0 X N/A X 2005 IN 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. 8 8 0 0 0 0 331125 340491 76801 85043 -149 2712 3079 4559 410856 432805 0 0 0 0 0 0 0 0 0 417583 424272 417583 424272 -6727 8533 2003813 1991148 92355 71157 1911458 1919991 X 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. 0 0 350254 85043 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. 350254 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 0 0 0 1 1 0 0 1 0 0 0 0 0 0 IN X DONNA BUSCH 8122325083 711 OHIO ST TERRE HAUTE IN 47807 X X DAVID BONNETT PRESIDENT 0.50 1.50 X X 0 0 0 JEANNE CONLEY VICE PRESIDENT 0.50 1.50 X X 0 0 0 DONNA BUSCH SECRETARY/TREASURER 0.50 1.50 X X 0 0 0 ROBERT MURRAY BOARD MEMBER 0.50 1.50 X 0 0 0 JOANIE KANIZER BOARD MEMBER 0.50 1.50 X 0 0 0 CHARLES WELKER BOARD MEMBER 0.50 1.50 X 0 0 0 CANDY BARTON BOARD MEMBER 0.50 1.50 X 0 0 0 RICHARD SHAGLEY II BOARD MEMBER 0.50 1.50 X 0 0 0 YVONNE AVARY ASSISTANT SECRETARY 0.50 1.50 X 0 0 0 0 0 0 0 0 0 0 0 340491 340491 RENTAL INCOME 531110 85043 85043 85043 2712 2712 LAUNDRY & VENDING 531110 2344 2344 TENANT CHARGES 531110 1848 1848 OTHER REVENUE-MISC. 531110 367 367 4559 432805 85043 0 7271 42722 42722 2040 2040 9966 9966 676 676 18573 18573 220624 220624 3375 3375 65093 65093 MANAGEMENT COMPANY EMPL 61162 61162 BAD DEBT EXPENSE 41 41 424272 350254 74018 0 6016 18840 1804 1923 4270 5095 2524289 932917 1651985 1591372 298491 325182 1387 906 39860 47830 2003813 1991148 5107 4777 363 1788 77208 54627 9677 9965 92355 71157 X 1911458 1919991 1911458 1919991 2003813 1991148 8533 0 X X 1 X 0 1 0 X 263170 297835 320053 331125 340491 1552674 59640 60637 64316 76801 85043 346437 322810 358472 384369 407926 425534 1899111 0 0 0 1899111 1067 510 480 938 2712 5707 1067 510 480 938 2712 5707 6684 6782 5340 3080 4559 26445 330561 365764 390189 411944 432805 1931263 0.98340 0.98190 0.00300 0.00200 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 49600 49600 2338122 864959 1473163 44989 12727 32262 91578 55231 36347 1591372 REPLACEMENT RESERVE 251982 C RESIDUAL RECEIPTS 73200 C 325182 TENANT SECURITY DEPOSITS 9965 9965 X 432805 0 432805 0 432805 428222 3950 3950 424272 0 424272 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 2D - OTHER ADJUSTMENTS: DEPRECIATION EXPENSE ADJUSTMENT 3,950. FORM 990, PART VI, SECTION A, LINE 3 MOTHER THEODORE CORPORATION III IS MANAGED BY PFISTER & COMPANY, INC., A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. PFISTER & COMPANY, INC. HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED PFISTER & COMPANY, INC. TO MANAGE THE MOTHER THEODORE CORPORATION III APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION B, LINE 11B THE OUTSIDE INDEPENDENT ACCOUNTANT FORWARDS A DRAFT OF FORM 990 TO THE MANAGEMENT COMPANY, WHICH IN TURN DISPERSES A COMPLETE COPY OF THE 990 TO THE BOARD OF DIRECTORS FOR THEIR REVIEW. UPON BOARD APPROVAL, THE BOARD PRESIDENT NOTIFIES THE MANAGEMENT COMPANY TO COMMUNICATE APPROVAL TO THE OUTSIDE ACCOUNTANT, WHICH ISSUES A FINAL RETURN FOR THE BOARD PRESIDENT TO SIGN AND FILE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES THEIR POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. PART VII, SECTION A, LINE 1A, COLUMN B: ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. FORM 990, PAGE 12, LINE 2C: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE COMPILED FINANCIAL STATEMENTS. PRIOR TO THE FINALIZATION OF THE COMPILED FINANCIAL STATEMENTS, A COPY OF THE COMPILED FINANCIAL STATEMENTS IS GIVEN TO THE OFFICERS FOR THEIR APPROVAL. ONCE THE OFFICERS HAVE FINALIZED THE COMPILED FINANCIAL STATEMENTS, THEN ALL OF THE BOARD MEMBERS ARE GIVEN A FINAL COMPILED FINANCIAL STATEMENTS COPY. THE MANAGEMENT COMPANY IS RELIED UPON TO REVIEW THE COMPILED FINANCIAL STATEMENTS REPORTS WITH THE APPROPRIATE OFFICERS OR THE FINANCE COMMITTEE, IF APPLICABLE. WHEN THE COMPILED FINANCIAL STATEMENTS IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW ACCOUNTING FIRM. MOTHER THEODORE CORPORATION 711 OHIO STREET TERRE HAUTE IN 47807 351985001 PROVIDE LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 MOTHER THEODORE CORPORATION II 711 OHIO STREET TERRE HAUTE IN 47807 300283483 PROVIDE LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 MOTHER THEODORE CORPORATION IV 711 OHIO STREET TERRE HAUTE IN 47807 203035695 PROVIDE LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0