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.
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement. Overall score: 71%, earning it a Two-Star out of Four Star rating. The rating indicates that while the organization demonstrates strong accountability in areas such as board independence and financial oversight, it has significant weaknesses that prevent it from achieving a higher rating.
Garden Court Inc has a fully independent board, which is a positive aspect of its governance structure. The organization scored well on financial statements and has no material diversions of assets, reflecting a commitment to responsible financial practices. However, it lacks essential policies such as a whistleblower policy and document retention guidelines, which are important for transparency and accountability.
Additionally, the organization faces challenges with its liabilities to assets ratio, which scored poorly. This suggests potential financial risk that could impact its sustainability. While the program expense ratio indicates that a substantial portion of its budget is directed towards programs, the missing tax form on its website raises concerns about accessibility and transparency for potential donors and stakeholders.
This AI summary has been generated from information found on Charity Navigator.
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.
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What is the mission statement of Garden Court Inc?
Garden Court Inc, established as a not-for-profit corporation, focused on providing housing for low-income senior citizens. It managed two apartment projects, the East Project with 60 units and the West Project with 46 units. The organization secured mortgage loans through the Rural Development, Department of Agriculture, under Section 515 of the Housing Act of 1949. In addition to its senior housing initiatives, Garden Court Inc embarked on a new project in 2019, constructing an 18-unit community for homeless families. This project, named Serenity Place, was completed and put into service in March 2022, marking the commencement of operations.
Who is the CEO of Garden Court Inc?
Jim Causey is the President of Garden Court Inc.
What is the revenue of Garden Court Inc?
Garden Court Inc's revenue in 2022 was $935,036.
Who are the executives of Garden Court Inc and what are their salaries?
There 15 volunteers at Garden Court Inc.
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Where can I find the form 990 for Garden Court Inc?
Garden Court Inc's most recent form 990 was submitted in 2022 and can be accessed here.
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.
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Impact
October, 2024
Garden Court Inc has made a significant impact on housing accessibility and community support in Plymouth, Indiana. By providing a total of 106 apartment units specifically designed for low-income senior citizens through its East and West projects, Garden Court Inc addresses the pressing need for affordable housing among this demographic. Their initiative not only enhances the living conditions for seniors but also fosters a sense of community among residents, promoting social interaction and support.
In addition to supporting seniors, Garden Court Inc has expanded its mission by developing Serenity Place, an 18-unit community for homeless families, which began operations in March 2022. This project directly responds to the urgent need for shelter and stability for families experiencing homelessness, thereby improving their quality of life and enabling them to work toward long-term solutions.
Through funds secured via the Rural Development, Department of Agriculture, and by adhering to the Housing Act of 1949, Garden Court Inc has effectively harnessed federal resources to enhance the local housing landscape. Their efforts resonate deeply within the community, providing essential housing options and creating a more inclusive environment for vulnerable populations in Plymouth.
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.
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 2022.
- 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
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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
Phone
(219) 234-9923Principal Officer
Jim Causey
Main Address
PO BOX 540, SOUTH BEND, IN, 46624
NTEE Category
Code: L22Z - Housing
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