NEIDLINGER GARDEN COURT

EIN: 351915874 501(c)(3) Philanthropy & Grantmaking

SOUTH BEND, IN

Total Revenue
$341,762
Total Expenses
$383,178
Total Assets
$901,980
Net Assets
$857,952
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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
1996
Legal Domicile
IN
Principal Officer
JOHN MYERS
Phone
5742349923
Tax Period
2024-07-01 to 2025-06-30

NEIDLINGER GARDEN COURT, founded in 1996, is a small nonprofit in the Philanthropy & Grantmaking sector that reported $342K in total revenue in fiscal year 2024. Expenses of $383K exceeded revenue, resulting in a 12% operating deficit.

Mission

NEIDLINGER GARDEN COURT, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 41 UNIT APARTMENT COMPLEX IN PLYMOUTH, INDIANA KNOWN AS NEIDLINGER GARDEN COURT APARTMENTS. IT WAS ORGANIZED PURSUANT TO SECTION 811 OF THE NATIONAL HOUSING ACT. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERNS 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) 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 $140,360
Program Service Revenue $195,069
Investment Income $13
Other Revenue $6,320
TOTAL REVENUE $341,762

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $253,448
Other Expenses $383,178
TOTAL EXPENSES $383,178

Year-over-Year Comparison

2024 2023 Change
Revenue $341,762 $340,400 +0.0%
Expenses $383,178 $385,036 0.0%
Net Income $-41,416 $-44,636 -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
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 $341,762 $383,178 $901,980 $-41,416
2024 $340,400 $385,036 $948,218 $-44,636
2023 $303,734 $363,915 $1,007,414 $-60,181
2022 $292,970 $334,411 $1,056,844 $-41,441
2021 $267,546 $308,223 $1,080,597 $-40,677
2020 $274,741 $294,341 $1,120,580 $-19,600
2019 $262,275 $303,532 $1,154,626 $-41,257
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