Overview
What is Fairfield Garden Court Inc?
Fairfield Garden Court Inc, based in Indiana, is a nonprofit organization established to construct, own, and manage a 25-unit apartment community in Plymouth, Indiana. This community, named Fairfield Garden Court, operates under Section 202 of the National Affordable Housing Act. The organization has regulatory agreements with the Federal Housing Administration (FHA) and has entered into a Project Rental Assistance Contract (PRAC Contract) with HUD, which is a rent assistance program for low-income families or individuals, as per the Section 8 program of the National Housing Act. The primary objective of Fairfield Garden Court Inc is to provide affordable housing solutions.
Is Fairfield Garden Court Inc legitimate?
Fairfield Garden Court Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Fairfield 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Fairfield Garden Court Inc?
Fairfield Garden Court Inc, as a not-for-profit corporation, was established to construct, own, and operate a 25-unit apartment community. This community, known as Fairfield Garden Court, is located in Plymouth, Indiana, and was established under Section 202 of the National Affordable Housing Act. The organization's operations are governed by standard regulatory agreements with the Federal Housing Administration (FHA). Additionally, Fairfield Garden Court Inc has entered into a Project Rental Assistance Contract (PRAC Contract) with HUD, which is a rent assistance program for low-income families or individuals, as per the Section 8 program of the National Housing Act. The primary focus of this organization is to provide affordable housing to those in need.
What is the revenue of Fairfield Garden Court Inc?
Fairfield Garden Court Inc's revenue in 2024 was $216,740.
Who are the executives of Fairfield Garden Court Inc and what are their salaries?
There 12 volunteers at Fairfield Garden Court Inc.
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Where can I find the form 990 for Fairfield Garden Court Inc?
Fairfield Garden Court Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Mission Statement of Fairfield Garden Court Inc
Fairfield Garden Court Inc, a not-for-profit corporation, was established with a mission to construct, own, and operate a 25-unit apartment community. This community, named Fairfield Garden Court, is situated in Plymouth, Indiana, in accordance with Section 202 of the National Affordable Housing Act. The organization's primary objective is to provide affordable housing for low-income families and individuals.
To achieve this mission, Fairfield Garden Court Inc has executed standard regulatory agreements with the Federal Housing Administration (FHA), ensuring the community's operations comply with federal guidelines. Moreover, the corporation has entered into a Project Rental Assistance Contract (PRAC Contract) with HUD, a rent assistance program provided under the Section 8 program of the National Housing Act. This contract is designed to offer financial aid to low-income families and individuals, making housing more accessible and affordable for them.
In essence, Fairfield Garden Court Inc is dedicated to providing affordable housing solutions for those in need, working in collaboration with federal housing authorities to ensure the community's operations adhere to federal guidelines and offering rental assistance through the PRAC Contract. This commitment to affordable housing and financial aid empowers low-income families and individuals, enabling them to secure stable and affordable housing.
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Impact
October, 2024
Fairfield Garden Court Inc significantly impacts the community by providing affordable housing options through its 25-unit apartment complex in Plymouth, Indiana. Created under Section 202 of the National Affordable Housing Act, the organization ensures that these residences cater primarily to low-income families and individuals.
The apartments are governed by regulatory agreements with the Department of Housing and Urban Development (HUD), affirming a commitment to maintaining quality living conditions while also adhering to federal housing standards. By entering into a Project Rental Assistance Contract (PRAC) with HUD, Fairfield Garden Court Inc further extends rental assistance to qualifying residents, ensuring that housing remains attainable for those who need it the most.
In a broader societal context, this initiative not only addresses the urgent need for affordable housing in the area but also fosters community stability and enhances the overall quality of life for its residents. By prioritizing access to safe and dependable housing, Fairfield Garden Court Inc contributes to the reduction of homelessness and economic disparity within the community.
This information is meant to be a general summary of Fairfield Garden Court Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $375
- Program Service Revenue: $112,159
- Gross Receipts: $216,740
Assets and Liabilities:
- Total Assets: $1,381,066
- Total Liabilities: $25,439
- Net Assets: $1,355,627
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$112,159
Organization Details
Founding Year
2005
Principal Officer
John Myers
NTEE Category
Code: L22 - Housing
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