2025-01-13T08:40:38-06:00 2024-06-30 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2023-07-01 264280711 LA PAZ GARDEN COURT INC LAPA 5742349923 PO BOX 540 SOUTH BEND IN 46624 ROD LUDWIG AUTHORIZED AGENT 5742349923 2025-01-13 1 0 EKATERINA GWYN P01333750 3178485700 2023 2024-10-15 13:58:12Z JOHN MYERS PO BOX 540 SOUTH BEND IN 46624 114687 0 X N/A X 2009 IN LAPAZ GARDEN COURT, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 14 UNIT APARTMENT COMMUNITY IN LAPAZ, INDIANA, KNOWN AS LAPAZ GARDEN COURT, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IT PROVIDES ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES, ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS AND LONG LIVING 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. 12 12 0 12 0 0 37728 40546 71773 72488 81 123 3797 1530 113379 114687 0 0 0 0 0 0 0 0 0 144801 148277 144801 148277 -31422 -33590 1139483 1104645 18037 16789 1121446 1087856 X LAPAZ GARDEN COURT, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 14 UNIT APARTMENT COMMUNITY IN LAPAZ, INDIANA, KNOWN AS LAPAZ GARDEN COURT, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IT PROVIDES ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES, ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS AND LONG LIVING. 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 106677 72488 LAPAZ GARDEN COURT, INC. (AN INDIANA NOT-FOR-PROFIT CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 14 UNIT APARTMENT COMMUNITY IN LAPAZ, INDIANA, KNOWN AS LAPAZ GARDEN COURT, PURSUANT TO SECTION 202 OF THE NATIONAL HOUSING ACT, AS AMENDED. IT PROVIDES ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES AND SERVICES, ESPECIALLY DESIGNED TO MEET THEIR PHYSICAL, SOCIAL AND PSYCHOLOGICAL NEEDS AND TO PROMOTE THEIR HEALTH, SECURITY, HAPPINESS AND USEFULNESS AND LONG LIVING. 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. 106677 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 12 12 0 1 0 0 0 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 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 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 MATT COTTRILL DIRECTOR 0.50 4.50 X 0 0 0 BOB BEITER DIRECTOR 0.50 4.50 X 0 0 0 ANNA CORBETT DIRECTOR 0.50 4.50 X 0 0 0 0 0 0 0 0 0 0 0 40546 40546 RENTAL INCOME 531110 72488 72488 72488 123 123 LAUNDRY & VENDING 531110 1350 1350 TENANT CHARGES 531110 133 133 MISC OTHER INCOME 531110 47 47 1530 114687 72488 0 1653 10741 10741 3705 3705 75 75 8918 8918 56138 56138 2104 2104 39082 39082 230 230 MTG CO. EMPLOYEE CHARGE 15827 15827 SERVICE COORDINATOR 10474 10474 BAD DEBTS 983 983 148277 106677 41600 0 3585 3359 2091 444 3380 4301 1541761 501127 1074295 1040634 49800 50185 6332 5722 1139483 1104645 6760 4245 11277 12544 18037 16789 X 1121446 1087856 1121446 1087856 1139483 1104645 -33590 0 X X 0 1 X 1 1 1 X 44645 31247 36167 37728 40546 190333 60691 59756 66917 71773 72488 331625 105336 91003 103084 109501 113034 521958 0 0 0 521958 18 21 20 81 123 263 18 21 20 81 123 263 1921 1377 6272 3797 1530 14897 107275 92401 109376 113379 114687 537118 0.97180 0.97310 0.00050 0.00030 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 50000 50000 1488703 499356 989347 998 998 0 2060 773 1287 1040634 DUE TO SPONSOR 4315 ACCRUED MANAGEMENT FEE 2055 SECURITY DEPOSITS 5237 ACCRUED WAGES PAYABLE 937 12544 X 114687 0 114687 0 114687 149421 1144 1144 148277 0 148277 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 1,144. FORM 990, PART VI, SECTION A, LINE 3 LAPAZ 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 LAPAZ 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 7A THE DIRECTORS OF THE CORPORATION SHALL AT ALL TIMES BE LIMITED TO INDIVIDUALS WHO ARE EITHER MEMBERS OF THE GARDEN COURT INC. BOARD OF DIRECTORS OR NONMEMBERS WHO HAVE THE APPROVAL OF THE BOARD OF DIRECTORS OF THE SPONSORING ORGANIZATION. IN THE EVENT THAT A DIRECTOR OF THE CORPORATION CEASES TO BE A MEMBER OF THE 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 APPPROVAL 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 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 INC PO BOX 540 SOUTH BEND IN 46624 203049557 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 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 INC 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 SCHEDULE R, PART V: TRANSACTIONS WITH RELATED ORGANIZATIONS: FOR THE PURPOSES OF SCHEDULE R, PART V, THE FOLLOWING APPLIES: -LINE ITEM 1E INCLUDES PAYABLES TO RELATED ORGANIZATION. IN PRIOR YEARS, THE SPONSOR ADVANCED $8,120 TO THE CORPORATION TO FUND OPERATIONS. IN PRIOR YEARS, $3,805 WAS REPAID TO THE SPONSOR FROM THE RELEASE OF THE MINIMUM CAPITAL INVESTMENT ACCOUNT. AT JUNE 30, 2024 AND 2023, THE TOTAL DUE TO THE SPONSOR WAS $4,315. THIS AMOUNT IS PAYABLE FROM RESIDUAL RECEIPTS WITH HUD'S APPROVAL AND IS INCLUDED IN DUE TO SPONSOR ON THE STATEMENTS OF FINANCIAL POSITION.