2023-05-15T13:03:27-05:00 2022-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2021-07-01 351265691 GARDEN COURT INC GARD 2192349923 PO BOX 540 SOUTH BEND IN 46624 ROD LUDWIG AUTHORIZED AGENT 2192349923 2023-05-15 1 ROD LUDWIG 999009999 EKATERINA GWYN P01333750 3178485700 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z JIM CAUSEY PO BOX 540 SOUTH BEND IN 46624 935036 0 X N/A X 1972 IN 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. 13 13 0 15 0 0 283926 393980 419252 424354 0 0 268825 116702 972003 935036 0 0 0 0 0 0 0 0 0 712100 929627 712100 929627 259903 5409 3824711 5395271 2901757 4466908 922954 928363 X 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. 0 0 693972 515313 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. 693972 1 1 0 0 0 0 0 0 0 0 1 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 1 7 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 IN X ROD LUDWIG 5742349923 PO BOX 540 SOUTH BEND IN 46624 X X JIM CAUSEY PRESIDENT 0.50 5.00 X X 0 0 0 JOHN MYERS VICE PRESIDENT 0.50 5.00 X X 0 0 0 KAREN GEHRKE SECRETARY 0.50 5.00 X X 0 0 0 BOB BEITER DIRECTOR 0.50 5.00 X 0 0 0 SISTER LORETTA PETERS DIRECTOR 0.50 5.00 X 0 0 0 SHARON BALKA DIRECTOR 0.50 5.00 X 0 0 0 SARAH SMITH DIRECTOR 0.50 5.00 X 0 0 0 RAINELLE DOWELL DIRECTOR 0.50 5.00 X 0 0 0 MARY KAUFMAN DIRECTOR 0.50 5.00 X 0 0 0 LORI PARRISH DIRECTOR 0.50 5.00 X 0 0 0 LINDA BERNDT DIRECTOR 0.50 5.00 X 0 0 0 DIANN PARSONS DIRECTOR 0.50 5.00 X 0 0 0 SUSAN ELLERT DIRECTOR 0.50 5.00 X 0 0 0 ANNA CORBETT DIRECTOR 0.50 5.00 X 0 0 0 MATT COTTRILL DIRECTOR 0.50 5.00 X 0 0 0 0 0 0 0 0 0 0 R YODER CONSTRUCTION INC 27453 CR 150 NAPPANEE IN 46550 CONSTRUCTION 2192831 1 370663 23317 393980 RENTAL INCOME 531110 424354 424354 424354 INTEREST SUBSIDY INCOM 531110 90959 90959 OTHER MISC REVENUE 531110 11084 11084 TENANT CHARGES 531110 7501 7501 7158 7158 116702 935036 515313 0 25743 68302 68302 3776 3776 13545 13545 596 596 26985 26985 523009 523009 2639 2639 156632 156632 1862 1862 MGT CO. EMPLOYEE CHARGE 112896 112896 BAD DEBTS 12469 12469 ADMINISTRATIVE EXPENSES 6916 6916 929627 693972 235655 0 289355 166369 39199 32370 8920 10616 8289298 3349805 1598454 4939493 320669 191857 3223 2983 1564891 51583 3824711 5395271 535655 40673 2108 7327 2226639 4346397 137355 72511 2901757 4466908 X 922954 928363 922954 928363 3824711 5395271 5409 0 X X 0 1 X 1 1 1 X 238946 308299 731904 283926 393980 1957055 387040 403900 401177 419252 424354 2035723 625986 712199 1133081 703178 818334 3992778 0 0 0 3992778 16 152 817 0 0 985 16 152 817 985 15013 13609 32026 268825 116702 446175 641015 725960 1165924 972003 935036 4439938 0.89930 0.91780 0.00020 0.00030 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES, INTEREST SUBSIDY INCOME, AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. IN THE YEAR ENDING JUNE 30, 2021, THIS AMOUNT ALSO INCLUDED A GAIN FROM INVOLUNTARY CONVERSION OF $165,410. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 70611 70611 7309236 2897934 4411302 841529 401845 439684 67922 50026 17896 4939493 SECURITY DEPOSITS 51778 ACCRUED INTEREST PAYABLE 17001 HAP SUSPENSE AND REPAYMENT DUE 3732 72511 X 935036 0 935036 0 935036 930293 666 666 929627 0 929627 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION EXPENSE DIFFERENCE 666. FORM 990, PART VI, SECTION A, LINE 3 GARDEN COURT, INC. IS MANAGED BY BRADLEY RESIDENTIAL MANAGEMENT, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRADLEY RESIDENTIAL MANAGEMENT HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE US DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED BRADLEY RESIDENTIAL MANAGEMENT TO MANAGE THE GARDEN COURT APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY PRESENTS THE 990 AT THE BOARD MEETING FOR THEIR REVIEW. ONCE THE BOARD HAS AN OPPORTUNITY TO ASK QUESTIONS, THE BOARD APPROVES THE FORM 990 AND THE PRESIDENT GIVES APPROVAL TO FILE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS IN COMPLIANCE. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES ITS POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 EXISTING POLICIES, RETURNS AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE OFFICES OF THE MANAGEMENT COMPANY. THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B: HOURS WORKED FOR RELATED ORGANIZATIONS: ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. FORM 990, PART XII, LINE 2C: OVERSIGHT OF AUDITING FUNCTION: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. ARGOS GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 352039163 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) GARDEN COURT INC 1 BOURBON COURT INC PO BOX 540 SOUTH BEND IN 46624 260007202 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) GARDEN COURT INC 1 GARDEN COURT DOWNTOWN INC PO BOX 540 SOUTH BEND IN 46624 581209165 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) GARDEN COURT INC 1 KNOX GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 200349557 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) GARDEN COURT INC 1 NEIDLINGER GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 351915874 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) GARDEN COURT INC 1 THE HURFORD HOUSE PO BOX 540 SOUTH BEND IN 46624 260007210 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) GARDEN COURT INC 1 FAIRFIELD GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 203453966 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) GARDEN COURT INC 1 MENTONE GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 208609142 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) GARDEN COURT INC 1 LA PAZ GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 204280711 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) GARDEN COURT INC 1 CULVER GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 273217476 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) GARDEN COURT INC 1 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, SCHEDULE R, PART V: IN PRIOR YEARS, THE SPONSOR MADE ADVANCES TO FUND FINANCING COSTS INCURRED TO MODIFY THE PROMISSORY NOTE PAYABLE AND OBTAIN THE IHCDA LOAN IN ADDITION TO VARIOUS OTHER EXPENSES. AT JUNE 30, 2022 AND 2021, $4,582 REMAINS DUE TO SPONSOR. THIS AMOUNT IS TO BE REPAID WITH APPROVAL FROM RD.