FAIRFIELD GARDEN COURT INC (EIN 203453966) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2005

Legal Domicile

Principal Officer

JOHN MYERS

Phone

5742349923

Tax Period

2023-07-01 to 2024-06-30

FAIRFIELD GARDEN COURT INC, founded in 2005, is a small nonprofit in the Housing & Shelter sector that reported $217K in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion. Net assets of $1.3M represent 74 months of operating reserves.

Mission

FAIRFIELD GARDEN COURT, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 25 UNIT APARTMENT COMMUNITY IN PLYMOUTH, INDIANA, KNOWN AS FAIRFIELD GARDEN COURT, PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC CONTRACT) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY THE SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT.

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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%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $94,524

Program Service Revenue $112,159

Investment Income $375

Other Revenue $9,682

TOTAL REVENUE $216,740

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $142,511

Other Expenses $218,265

TOTAL EXPENSES $218,265

Year-over-Year Comparison

	2023	2022	Change
Revenue	$216,740	$189,887	+0.1%
Expenses	$218,265	$202,191	+0.1%
Net Income	$-1,525	$-12,304	-0.9%

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

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

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

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
JOHN MYERS	PRESIDENT	0.50	Officer Director	$0	$0	$0
DIANN PARSONS	VICE PRESIDENT	0.50	Officer Director	$0	$0	$0
KAREN GEHRKE	SECRETARY	0.50	Officer Director	$0	$0	$0
LORETTA PETERS	DIRECTOR	0.50	Director	$0	$0	$0
LORI PARRISH	DIRECTOR	0.50	Director	$0	$0	$0
MARY KAUFMAN	DIRECTOR	0.50	Director	$0	$0	$0
SARAH SMITH	DIRECTOR	0.50	Director	$0	$0	$0
SHARON BALKA	DIRECTOR	0.50	Director	$0	$0	$0
SUSAN EHLERT	DIRECTOR	0.50	Director	$0	$0	$0
MATT COTTRILL	DIRECTOR	0.50	Director	$0	$0	$0
BOB BEITER	DIRECTOR	0.50	Director	$0	$0	$0
ANNA CORBETT	DIRECTOR	0.50	Director	$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
2025	No data	No data	No data	No data
2024	$216,740	$218,265	$1,369,555	$-1,525
2023	$189,887	$202,191	$1,373,255	$-12,304
2022	$181,261	$211,827	$1,381,066	$-30,566
2021	$162,819	$202,847	$1,411,957	$-40,028
2020	$163,638	$189,287	$1,452,976	$-25,649
2019	$162,782	$186,625	$1,470,175	$-23,843
2018	$156,123	$178,072	$1,494,489	$-21,949

FAIRFIELD GARDEN COURT INC