MENTONE GARDEN COURT

EIN: 208609142 501(c)(3) Housing & Shelter

SOUTH BEND, IN

Total Revenue
$123,913
Total Expenses
$181,724
Total Assets
$1,120,408
Net Assets
$1,068,080
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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
2006
Legal Domicile
IN
Principal Officer
JOHN MYERS
Phone
5742349923
Tax Period
2024-07-01 to 2025-06-30

MENTONE GARDEN COURT, founded in 2006, is a small nonprofit in the Housing & Shelter sector that reported $124K in total revenue in fiscal year 2024. Expenses of $182K exceeded revenue, resulting in a 47% operating deficit.

Mission

THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 21 UNIT APARTMENT COMMUNITY IN MENTONE, INDIANA, KNOWN AS MENTONE GARDEN COURT. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $23,812
Program Service Revenue $91,544
Investment Income $160
Other Revenue $8,397
TOTAL REVENUE $123,913

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $120,537
Other Expenses $181,724
TOTAL EXPENSES $181,724

Year-over-Year Comparison

2024 2023 Change
Revenue $123,913 $123,757 +0.0%
Expenses $181,724 $166,468 +0.1%
Net Income $-57,811 $-42,711 +0.4%
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
10
Independent Members
10
Employees
N/A
Volunteers
10

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
3
$0
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
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 ELLERT DIRECTOR 0.50
Director
$0 $0 $0
MATT COTTRILL DIRECTOR 0.50
Director
$0 $0 $0
MARK COTTRILL 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 $123,913 $181,724 $1,120,408 $-57,811
2024 $123,757 $166,468 $1,159,762 $-42,711
2023 $112,169 $156,659 $1,210,794 $-44,490
2022 $112,876 $144,407 $1,234,073 $-31,531
2021 $109,527 $141,581 $1,264,754 $-32,054
2020 $103,466 $137,292 $1,300,786 $-33,826
2019 $103,775 $138,947 $1,333,955 $-35,172
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