LA PAZ GARDEN COURT INC (EIN 264280711) - Form 990 Financial Analysis & Trantor Score

🔒

Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

Sign in with your work email to view Tuckman-Chang indicators

Financial Trends

Organization Details

Formation Year

2009

Legal Domicile

Principal Officer

JOHN MYERS

Phone

5742349923

Tax Period

2024-07-01 to 2025-06-30

LA PAZ GARDEN COURT INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $123K in total revenue in fiscal year 2024. Expenses of $164K exceeded revenue, resulting in a 33% operating deficit.

Mission

LAPAZ GARDEN COURT, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 14 UNIT APARTMENT COMMUNITY IN LAPAZ, INDIANA, KNOWN AS LAPAZ GARDEN COURT, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IT PROVIDES ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES, ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS AND LONG LIVING THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. 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.

🔒

Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

Sign in to view Trantor Score and financial metrics

Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $49,076

Program Service Revenue $71,867

Investment Income $128

Other Revenue $1,854

TOTAL REVENUE $122,925

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $111,169

Other Expenses $164,099

TOTAL EXPENSES $164,099

Year-over-Year Comparison

	2024	2023	Change
Revenue	$122,925	$114,687	+0.1%
Expenses	$164,099	$148,277	+0.1%
Net Income	$-41,174	$-33,590	+0.2%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

🔒

Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

Sign in to view all financial metrics

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 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	$122,925	$164,099	$1,070,983	$-41,174
2024	$114,687	$148,277	$1,104,645	$-33,590
2023	$113,379	$144,801	$1,139,483	$-31,422
2022	$109,376	$136,101	$1,167,808	$-26,725
2021	$92,401	$117,996	$1,195,575	$-25,595
2020	$107,275	$122,032	$1,227,367	$-14,757
2019	$104,565	$126,978	$1,246,278	$-22,413

LA PAZ GARDEN COURT INC