BOURBON GARDEN COURT INC

EIN: 260007202 501(c)(3) Housing & Shelter

SOUTH BEND, IN

Total Revenue
$175,359
Total Expenses
$205,524
Total Assets
$771,839
Net Assets
$747,742
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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
2004
Legal Domicile
IN
Principal Officer
JOHN MYERS
Phone
2192349923
Tax Period
2024-07-01 to 2025-06-30

BOURBON GARDEN COURT INC, founded in 2004, is a small nonprofit in the Housing & Shelter sector that reported $175K in total revenue in fiscal year 2024. Expenses of $206K exceeded revenue, resulting in a 17% operating deficit.

Mission

BOURBON GARDEN COURT, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 22 UNIT APARTMENT COMPLEX IN BOURBON, INDIANA KNOWN AS BOURBON GARDEN COURT. IT WAS ORGANIZED PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT. 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%)

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $70,432
Program Service Revenue $102,328
Investment Income $3
Other Revenue $2,596
TOTAL REVENUE $175,359

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $136,286
Other Expenses $205,524
TOTAL EXPENSES $205,524

Year-over-Year Comparison

2024 2023 Change
Revenue $175,359 $162,404 +0.1%
Expenses $205,524 $206,387 0.0%
Net Income $-30,165 $-43,983 -0.3%
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

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 $175,359 $205,524 $771,839 $-30,165
2024 $162,404 $206,387 $815,154 $-43,983
2023 $166,358 $198,107 $856,495 $-31,749
2022 $141,306 $165,437 $875,361 $-24,131
2021 $144,126 $172,447 $898,631 $-28,321
2020 $145,141 $158,084 $932,620 $-12,943
2019 $149,381 $160,573 $937,682 $-11,192
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