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Garden Court Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 351265691 ✦ South bend, IN ✦ Designated as a 501(c)(3)

Overview

What is Garden Court Inc?

Garden Court Inc is a nonprofit organization established in Indiana, primarily focused on providing housing solutions for low-income senior citizens in Plymouth, Indiana. The organization manages two projects, the East and West projects, with 60 and 46 units respectively. Funding for the mortgage loans was secured under Section 515 of the Housing Act of 1949, through the Rural Development, Department of Agriculture. In 2019, Garden Court Inc initiated construction of an 18-unit community for homeless families in Plymouth, which was subsequently commissioned as Serenity Place in March 2022 and began operations.


Is Garden Court Inc legitimate?

Garden Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Garden Court Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.

Here are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here


What is the mission statement of Garden Court Inc?
Who is the CEO of Garden Court Inc?
What is the revenue of Garden Court Inc?
Who are the executives of Garden Court Inc and what are their salaries?
Where can I find the form 990 for Garden Court Inc?

Mission Statement of Garden Court Inc

Garden Court Inc, established as a not-for-profit corporation, was founded with a mission to provide housing for low-income senior citizens. The organization operates two apartment projects, one with 60 units and the other with 46 units, both located in Plymouth, Indiana. The funding for these projects was facilitated through mortgage loans provided by the Rural Development Department of Agriculture, under Section 515 of the Housing Act of 1949.

Beyond its commitment to senior citizens, Garden Court Inc also ventured into expanding its services to support homeless families. In the year ending June 30, 2019, the organization began construction on an 18-unit community specifically designed for this population. After a delay of nearly three years, Serenity Place was placed in service in March 2022, and operations commenced subsequently. With this addition, Garden Court Inc broadened its scope of service, extending its support to a vulnerable group in need of housing and stability.

Impact

This information is meant to be a general summary of Garden Court Inc. Please take the time to review official sources before making any decisions based upon the content provided here.




Thursday, August 15, 2024

Garden Court Inc's impact is evident in the provision of affordable housing solutions for low-income senior citizens in Plymouth, Indiana. Through ownership and operation of two apartment projects with a combined total of 106 units, Garden Court Inc addresses the critical need for housing for this vulnerable population. Additionally, the organization's initiative to construct an 18-unit community for homeless families in Plymouth further demonstrates its commitment to serving marginalized groups in the community. By offering safe and stable housing options, Garden Court Inc plays a vital role in improving the quality of life for seniors and families in need in the Plymouth area.





Financials

This financial information is from Propublica.

Revenue
Expenses
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2022.

  • Investment Income: $0
  • Program Service Revenue: $424,354
  • Gross Receipts: $935,036

    • Assets and Liabilities:
  • Total Assets: $5,395,271
  • Total Liabilities: $4,466,908
  • Net Assets: $928,363
  • Programs

    Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

    RENTAL INCOME

    Revenue

    $424,354

    Organization Details

    Founding Year

    1972

    Principal Officer

    Jim Causey

    Main Address

    PO BOX 540, SOUTH BEND, IN, 46624

    NTEE Category

    Code: L22Z - Housing

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