2024-12-19T12:44:50-06:00 2024-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-07-01 208609142 MENTONE GARDEN COURT MENT 5742349923 PO BOX 540 SOUTH BEND IN 46624 ROD LUDWIG AUTHORIZED AGENT 5742349923 2024-12-19 1 0 EKATERINA GWYN P01333750 3178485700 2023 2024-10-15 13:58:12Z MENTONE GARDEN COURT JOHN MYERS PO BOX 540 SOUTH BEND IN 46624 123757 0 X N/A X 2006 IN THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 21 UNIT APARTMENT COMMUNITY IN MENTONE, INDIANA, KNOWN AS MENTONE GARDEN COURT. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 12 12 0 12 0 0 26337 25977 83871 95139 110 153 1851 2488 112169 123757 0 0 0 0 0 0 0 0 0 156659 166468 156659 166468 -44490 -42711 1210794 1159762 42193 33872 1168601 1125890 X THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 21 UNIT APARTMENT COMMUNITY IN MENTONE, INDIANA, KNOWN AS MENTONE GARDEN COURT. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 0 0 107179 95139 THE NOT FOR PROFIT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 21 UNIT APARTMENT COMMUNITY IN MENTONE, INDIANA, KNOWN AS MENTONE GARDEN COURT. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT AS AMENDED AND HAS ENTERED INTO THE STANDARD FHA REGULATORY AGREEMENTS, WHICH GOVERN THE OPERATION OF THE COMMUNITY, WITH THE FEDERAL HOUSING ADMINISTRATION SECTION OF HUD. A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) PROVIDES RENT ASSISTANCE FOR LOW INCOME FAMILIES (OR PERSONS) AS PROVIDED BY SECTION 8 PROGRAM OF THE NATIONAL HOUSING ACT. 107179 1 1 0 0 0 0 0 0 0 0 1 0 1 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 6 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 12 12 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 0 0 0 0 0 X RODNEY LUDWIG 5742349923 PO BOX 540 SOUTH BEND IN 46624 X X JOHN MYERS PRESIDENT 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 25977 25977 RENTAL INCOME 531110 95139 95139 95139 153 153 LAUNDRY & VENDING 531110 1683 1683 TENANT CHARGES 531110 805 805 2488 123757 95139 0 2641 16909 16909 9013 9013 8608 8608 63072 63072 2078 2078 43871 43871 236 236 MGMT COMPANY EMPLOYEE C 22681 22681 166468 107179 59289 0 2878 2241 2004 0 4239 5772 1829903 747877 1123230 1082026 71073 62521 7370 7202 1210794 1159762 34816 26404 112 38 7265 7430 42193 33872 X 1168601 1125890 1168601 1125890 1210794 1159762 -42711 0 X X 0 1 X 1 1 1 X 18974 21787 23088 26337 25977 116163 79905 85611 88202 83871 95139 432728 98879 107398 111290 110208 121116 548891 0 0 0 548891 24 27 30 110 153 344 24 27 30 110 153 344 4563 2102 1556 1851 2488 12560 103466 109527 112876 112169 123757 561795 0.97700 0.97770 0.00060 0.00040 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 56000 56000 1674352 661960 1012392 94171 83917 10254 5380 2000 3380 1082026 REPLACEMENT RESERVES 62521 C 62521 TENANT SECURITY DEPOSITS 7105 UNCLAIMED FUNDS 325 7430 X 123757 0 123757 0 123757 158731 0 158731 7737 7737 166468 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 4B - OTHER ADJUSTMENTS: BOOK/TAX DIFFERENCE IN DEPRECIATION EXPENSE 7,737. FORM 990, PART VI, SECTION A, LINE 3 MENTONE GARDEN COURT 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 MENTONE 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 COEXTENSIVE WITH THE BOARD OF DIRECTORS AND THERE SHALL BE NO OTHER MEMBERS OF THE CORPORATION. DIRECTORS OF THE CORPORATION MUST BE MEMBERS OF GARDEN COURT, INC OR SUCH NON-MEMBERS OF THE CORPORATION WHO HAVE BEEN APPROVED BY THE BOARD OF DIRECTORS OF GARDEN COURT, INC. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY FORWARDS A COPY OF THE RETURN TO EACH BOARD MEMBER FOR THEIR COMMENTS PRIOR TO FILING. 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 THE FORM 990 AND ALL RELATED FINANCIAL AND POLICY INFORMATION 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 352039163 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 BOURBON GARDEN INC PO BOX 540 SOUTH BEND IN 46624 260007202 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 CULVER GARDEN COURT INC PO BOX 540 SOUTH BEND IN 46624 273217476 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 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 PO BOX 540 SOUTH BEND IN 46624 200349557 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 NEIDLINGER GARDEN COURT PO BOX 540 SOUTH BEND IN 46624 351915874 LOW INCOME HOUSING IN 501(C)(3) 509(A)(2) 0 THE HURFORD HOUSE PO BOX 540 SOUTH BEND IN 46624 260007210 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 $7,200 TO THE CORPORATION FOR AN INITIAL DEPOSIT TO BEGIN CONSTRUCTION AND TO FUND OPERATIONS. AT JUNE 30, 2024 AND 2023, THE TOTAL DUE TO SPONSOR IS $7,200. THIS AMOUNT IS PAYABLE FROM RESIDUAL RECEIPTS WITH HUD'S APPROVAL AND IS INCLUDED IN DUE TO SPONSOR ON THE STATEMENTS OF FINANCIAL POSITION.