GARDEN COURT INC

EIN: 351265691 501(c)(3) Housing & Shelter

SOUTH BEND, IN

Total Revenue
$1,184,081
Total Expenses
$1,206,830
Total Assets
$4,979,377
Net Assets
$848,180
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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
1972
Legal Domicile
IN
Principal Officer
JOHN MYERS
Phone
2192349923
Tax Period
2024-07-01 to 2025-06-30

GARDEN COURT INC, founded in 1972, is a community nonprofit in the Housing & Shelter sector that reported $1.2M in total revenue in fiscal year 2024.

Mission

GARDEN COURT, INC. WAS ORGANIZED AS AN INDIANA NOT-FOR-PROFIT CORPORATION TO OWN AND OPERATE TWO APARTMENT PROJECTS FOR LOW-INCOME SENIOR CITIZENS IN PLYMOUTH, INDIANA. THE EAST PROJECT HAS 60 UNITS AND THE WEST PROJECT HAS 46 UNITS. THE CORPORATION'S MORTGAGE LOANS WERE PROVIDED THROUGH THE RURAL DEVELOPMENT, DEPARTMENT OF AGRICULTURE, UNDER SECTION 515 OF THE HOUSING ACT OF 1949. DURING THE YEAR ENDED JUNE 30, 2019, THE CORPORATION BEGAN CONSTRUCTION ON AN 18-UNIT COMMUNITY FOR HOMELESS FAMILIES LOCATED IN PLYMOUTH, INDIANA. SERENITY PLACE WAS PLACED IN SERVICE IN MARCH 2022 AND OPERATIONS COMMENCED THEREAFTER.

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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 $359,300
Program Service Revenue $701,377
Investment Income $984
Other Revenue $122,420
TOTAL REVENUE $1,184,081

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $884,614
Other Expenses $1,206,830
TOTAL EXPENSES $1,206,830

Year-over-Year Comparison

2024 2023 Change
Revenue $1,184,081 $1,110,097 +0.1%
Expenses $1,206,830 $1,134,554 +0.1%
Net Income $-22,749 $-24,457 -0.1%
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
11

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
SISTER LORETTA PETERS DIRECTOR 0.50
Director
$0 $0 $0
SHARON BALKA DIRECTOR 0.50
Director
$0 $0 $0
SARAH SMITH DIRECTOR 0.50
Director
$0 $0 $0
MARY KAUFMAN DIRECTOR 0.50
Director
$0 $0 $0
LORI PARRISH 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 $1,184,081 $1,206,830 $4,979,377 $-22,749
2024 $1,110,097 $1,134,554 $5,119,385 $-24,457
2023 $1,115,328 $1,148,305 $5,306,731 $-32,977
2022 $935,036 $929,627 $5,395,271 $5,409
2021 $972,003 $712,100 $3,824,711 $259,903
2020 $1,165,924 $650,171 $2,399,846 $515,753
2019 $725,960 $646,525 $2,056,389 $79,435
2018 $640,983 $633,745 $1,954,421 $7,238
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