2024-01-27T12:00:57-06:00 2023-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2022-07-01 273217476 CULVER GARDEN COURT INC CULV 5742349923 PO BOX 540 SOUTH BEND IN 46624 ROD LUDWIG AUTHORIZED AGENT 5742349923 2024-01-27 1 ROD LUDWIG XXX-XX-XXXX 0 EKATERINA GWYN P01333750 3178485700 2 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN MYERS PO BOX 540 SOUTH BEND IN 46624 118116 0 X N/A X 2010 IN CULVER GARDEN COURT, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 13 UNIT APARTMENT COMMUNITY IN CULVER, INDIANA, KNOWN AS CULVER GARDEN COURT, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT(PRAC CONTRACT) 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. 13 13 0 13 0 0 52670 54974 51848 59284 5 5 4112 3853 108635 118116 0 0 0 0 0 0 0 0 0 134456 130026 134456 130026 -25821 -11910 1139316 1132511 30330 35435 1108986 1097076 X CULVER GARDEN COURT, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 13 UNIT APARTMENT COMMUNITY IN CULVER, INDIANA, KNOWN AS CULVER GARDEN COURT, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA) SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT(PRAC CONTRACT) 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. 0 0 92901 59284 CULVER GARDEN COURT, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 13 UNIT APARTMENT COMMUNITY IN CULVER, INDIANA, KNOWN AS CULVER GARDEN COURT, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. THE CORPORATION HAS EXECUTED A REGULATORY AGREEMENT WITH HUD WHICH GOVERNS THE OPERATION OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION ("FHA") SECTION OF HUD. THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT("PRAC CONTRACT") 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. 92901 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 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 13 13 0 1 0 0 1 1 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X BRADLEY RESIDENTIAL MANAGEMENT 5742349923 PO BOX 540 SOUTH BEND IN 46624 X X JOHN MYERS PRESIDENT 0.50 4.50 X X 0 0 0 JIM CAUSEY PRESIDENT (UNTIL SEPT. 2022) 0.50 4.50 X X 0 0 0 DIANN PARSONS VICE PRESIDENT 0.50 4.50 X X 0 0 0 KAREN GEHRKE SECRETARY 0.50 4.50 X X 0 0 0 BOB BEITER DIRECTOR 0.50 4.50 X 0 0 0 LORETTA PETERS DIRECTOR 0.50 4.50 X 0 0 0 LORI PARRISH DIRECTOR 0.50 4.50 X 0 0 0 MARY KAUFMAN DIRECTOR 0.50 4.50 X 0 0 0 SARAH SMITH DIRECTOR 0.50 4.50 X 0 0 0 SHARON BALKA DIRECTOR 0.50 4.50 X 0 0 0 SUSAN ELLERT DIRECTOR 0.50 4.50 X 0 0 0 ANNA CORBETT DIRECTOR 0.50 4.50 X 0 0 0 MATT COTTRILL DIRECTOR 0.50 4.50 X 0 0 0 0 0 0 0 0 0 0 0 54974 54974 RENTAL INCOME 531110 59284 59284 59284 5 5 MISC OTHER INCOME 531110 2470 2470 LAUNDRY & VENDING 531110 1377 1377 TENANT CHARGES 531110 6 6 3853 118116 59284 0 3858 9564 9564 6008 6008 267 267 4511 4511 53720 53720 1475 1475 35499 35499 158 158 MTG CO. EMPLOYEE CHARGE 15300 15300 SERVICE COORDINATOR 3524 3524 130026 92901 37125 0 1376 7851 16057 17380 1662 2849 1438875 386815 1078160 1052060 38353 47948 3708 4423 1139316 1132511 9445 14112 1200 608 19685 20715 30330 35435 X 1108986 1097076 1108986 1097076 1139316 1132511 -11910 0 X X 0 1 X 1 1 1 X 48673 46906 50917 52670 54974 254140 49067 45693 46014 51848 59284 251906 97740 92599 96931 104518 114258 506046 0 0 0 506046 1 3 4 5 5 18 1 3 4 5 5 18 558 1747 1430 4112 3853 11700 98299 94349 98365 108635 118116 517764 0.97740 0.98320 0.00000 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 75000 75000 1360813 385592 975221 3062 1223 1839 1052060 DUE TO SPONSOR 15020 ACCRUED MANAGEMENT FEE 877 SECURITY DEPOSITS 4299 ACCRUED WAGES 519 20715 X 118116 0 118116 0 118116 130026 0 130026 0 130026 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. FORM 990, PART VI, SECTION A, LINE 3 CULVER GARDEN COURT, INC. IS MANAGED BY BRADLEY RESIDENTIAL MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRADLEY RESIDENTIAL MANAGEMENT CORPORATION 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 CORPORATION TO MANAGE THE CULVER 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 A, LINE 6 MEMBERSHIP OR MEMBERS SHALL CONSIST OF AND BE COEXISTENCE WITH THE BOARD OF DIRECTORS AND THERE SHALL BE NO OTHER MEMBERS OF THE CORPORATION. HOWEVER, DIRECTORS OF THE CORPORATION MUST BE MEMBERS OF GARDEN COURT INC. OR SUCH NON-MEMBERS OF THAT CORPORATION WHO HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS OF GARDEN COURT, INC. FORM 990, PART VI, SECTION A, LINE 7A PER THE ARTICLES OF INCORPORATION, DIRECTORS OF THE CORPORATION MUST BE MEMBERS OF GARDEN COURT INC. OR SUCH NON-MEMBERS OF THAT CORPORATION WHO HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS OF GARDEN COURT, INC. IN THE EVENT THAT A DIRECTOR OF THE CORPORATION CEASES TO BE A MEMBER OF GARDEN COURT INC BOARD OF DIRECTORS OR IF THE AFORESAID APPROVAL IS WITHDRAWN, THEN, IN EITHER EVENT, SUCH SHALL CONSTITUTE AUTOMATIC RESIGNATION AS A DIRECTOR OF THE CORPORATION. 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: OVERVIEW OF AUDIT 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 582039163 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 BOURBON GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 260007202 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 GARDEN COURT DOWNTOWN INC PO BOX 540 SOUTH BEND IN 46624 581209165 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 351265691 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 KNOX GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 203049557 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 NEIDLINGER GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 351915874 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 THE HURFORD HOUSE INC PO BOX 540 SOUTH BEND IN 46624 260007210 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 MENTONE GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 208609142 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 FAIRFIELD GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 203453966 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 LA PAZ GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 204280711 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 FORM 990, SCHEDULE R, PART V: TRANSACTIONS WITH RELATED ORGANIZATIONS: LINE 1E: IN PRIOR YEARS, THE SPONSOR ADVANCED $15,020 TO THE CORPORATION FOR AN INITIAL DEPOSIT TO BEGIN CONSTRUCTION AND TO FUND OPERATIONS. AT JUNE 30, 2023 AND 2022, THE TOTAL DUE TO SPONSOR IS $15,020. THIS AMOUNT IS PAYABLE FROM RESIDUAL RECEIPTS WITH HUD'S APPROVAL AND IS INCLUDED IN DUE TO SPONSOR ON THE STATEMENTS OF FINANCIAL POSITION.