Civic Intelligence

Argos Garden Court Inc

EIN 35-2039163 • 501(c)3 • South Bend, IN

Profile

Argos garden court, inc. Is an indiana not-for-profit and was organized to construct, own and operate a 23 unit apartment complex in north vernon, indiana known as argos garden court. It was organized pursuant to section 202 of the national affordable housing act. The organization has executed the standard regulatory agreements with hud that govern the operations of the community with the federal housing administration (fha). In addition, the corporation has also entered into a project rental assistance contract (prac) with hud. The prac contract is a rent assistance program for low income families or persons as provided by hud.

PO Box 540South Bend, IN 46624

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

59th percentile

0.04x

Higher debt load relative to assets than 59% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Liabilities / Revenue

77th percentile

0.19x

Higher debt load relative to revenue than 77% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Net Margin

11th percentile

-31%

Higher net margin than 11% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Top Officer Pay

55th percentile

$0

Higher top officer pay than 55% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

501(c)3 • $500k-$1M nonprofits • Source year 2025

Asset Growth

27th percentile

-5.7%

Faster asset growth than 27% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Revenue Growth

34th percentile

-3.2%

Faster revenue growth than 34% of similar nonprofits.

501(c)3 • $500k-$1M nonprofits • Annualized from 2024 to 2025

Assets

Down

$726,120

Down $44,262 (-5.7%) from 2024

Liabilities

Up

$30,295

Up $3,238 (+12%) from 2024

Net Assets

Down

$695,825

Down $47,500 (-6.4%) from 2024

Revenue

Down

$155,496

Down $5,164 (-3.2%) from 2024

Expenses

Up

$202,996

Up $4,780 (+2.4%) from 2024

Net Income

Down

-$47,500

Down $9,944 (-26%) from 2024

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$1.5M$1.0M$500K$0Assets 2011: $1,130,326Liabilities 2011: $15,337Net Assets 2011: $1,114,9892011Assets 2012: $1,090,957Liabilities 2012: $12,700Net Assets 2012: $1,078,2572012Assets 2013: $1,057,816Liabilities 2013: $13,909Net Assets 2013: $1,043,9072013Assets 2014: $1,023,146Liabilities 2014: $25,534Net Assets 2014: $997,6122014Assets 2015: $987,958Liabilities 2015: $23,695Net Assets 2015: $964,2632015Assets 2016: $958,256Liabilities 2016: $22,405Net Assets 2016: $935,8512016Assets 2017: $917,484Liabilities 2017: $21,438Net Assets 2017: $896,0462017Assets 2018: $891,151Liabilities 2018: $21,806Net Assets 2018: $869,3452018Assets 2019: $877,243Liabilities 2019: $29,083Net Assets 2019: $848,1602019Assets 2020: $857,437Liabilities 2020: $27,639Net Assets 2020: $829,7982020Assets 2021: $858,318Liabilities 2021: $34,979Net Assets 2021: $823,3392021Assets 2022: $832,001Liabilities 2022: $24,032Net Assets 2022: $807,9692022Assets 2023: $811,164Liabilities 2023: $30,283Net Assets 2023: $780,8812023Assets 2024: $770,382Liabilities 2024: $27,057Net Assets 2024: $743,3252024Assets 2025: $726,120Liabilities 2025: $30,295Net Assets 2025: $695,8252025

Highlighted filing

2025

Assets$726,120
Liabilities$30,295
Net Assets$695,825

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$300K$200K$100K$0-$100KExpenses 2011: $137,4912011Expenses 2012: $149,5882012Expenses 2013: $137,1072013Revenue 2014: $109,024Expenses 2014: $155,319Net Income 2014: -$46,2952014Revenue 2015: $121,633Expenses 2015: $154,982Net Income 2015: -$33,3492015Revenue 2016: $124,228Expenses 2016: $152,640Net Income 2016: -$28,4122016Revenue 2017: $123,923Expenses 2017: $163,728Net Income 2017: -$39,8052017Revenue 2018: $142,031Expenses 2018: $168,732Net Income 2018: -$26,7012018Revenue 2019: $141,605Expenses 2019: $162,790Net Income 2019: -$21,1852019Revenue 2020: $143,897Expenses 2020: $162,259Net Income 2020: -$18,3622020Revenue 2021: $151,843Expenses 2021: $158,302Net Income 2021: -$6,4592021Revenue 2022: $150,596Expenses 2022: $165,966Net Income 2022: -$15,3702022Revenue 2023: $158,197Expenses 2023: $185,285Net Income 2023: -$27,0882023Revenue 2024: $160,660Expenses 2024: $198,216Net Income 2024: -$37,5562024Revenue 2025: $155,496Expenses 2025: $202,996Net Income 2025: -$47,5002025

Highlighted filing

2025

Revenue$155,496
Expenses$202,996
Net Income-$47,500

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$0.73$0.03$0.70$0.16$0.20$0.05
2024Detailed filing. Detailed filing data is available for this year.$0.77$0.03$0.74$0.16$0.20$0.04
2023Detailed filing. Detailed filing data is available for this year.$0.81$0.03$0.78$0.16$0.19$0.03
2022Detailed filing. Detailed filing data is available for this year.$0.83$0.02$0.81$0.15$0.17$0.02
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$0.86$0.03$0.82$0.15$0.16$0.01
2020Detailed filing. Detailed filing data is available for this year.$0.86$0.03$0.83$0.14$0.16$0.02
2019Detailed filing. Detailed filing data is available for this year.$0.88$0.03$0.85$0.14$0.16$0.02
2018Detailed filing. Detailed filing data is available for this year.$0.89$0.02$0.87$0.14$0.17$0.03
2017Detailed filing. Detailed filing data is available for this year.$0.92$0.02$0.90$0.12$0.16$0.04
2016Detailed filing. Detailed filing data is available for this year.$0.96$0.02$0.94$0.12$0.15$0.03
2015Detailed filing. Detailed filing data is available for this year.$0.99$0.02$0.96$0.12$0.15$0.03
2014Detailed filing. Detailed filing data is available for this year.$1.02$0.03$1.00$0.11$0.16$0.05
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.06$0.01$1.04$0.14
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.09$0.01$1.08$0.15
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$1.13$0.02$1.11$0.14
Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2024 to Jun 30, 2025
Signed
Nov 21, 2025
Return Version
2024v5.2
Gross Receipts
$170,101
Mission and Program Overview

Mission

Argos garden court, inc. Is an indiana not-for-profit and was organized to construct, own and operate a 23 unit apartment complex in north vernon, indiana known as argos garden court. It was organized pursuant to section 202 of the national affordable housing act. The organization has executed the standard regulatory agreements with hud that govern the operations of the community with the federal housing administration (fha). In addition, the corporation has also entered into a project rental assistance contract (prac) with hud. The prac contract is a rent assistance program for low income families or persons as provided by hud.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$671,223$687,896▲ $16,673
Investments Program Related$81,118$18,801▼ $62,317
Prepaid Expenses and Deferred Charges$6,856$7,426▲ $570
Cash and Non-Interest-Bearing Accounts$2,554$3,022▲ $468
Accounts Receivable$179$335▲ $156
Total Assets$770,382$726,120▼ $44,262
Other Assets Total$8,452$8,640▲ $188
Liabilities
Accounts Payable and Accrued Expenses$14,769$17,512▲ $2,743
Other Liabilities$11,832$12,314▲ $482
Deferred Revenue$456$469▲ $13
Total Liabilities$27,057$30,295▲ $3,238
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$743,325$695,825▼ $47,500
Total Net Assets Fund Balance$743,325$695,825▼ $47,500
Total Liabilities and Net Assets / Fund Balance$770,382$726,120▼ $44,262

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$619,530$914,984$1,534,514
Equipment$18,589$74,232$92,821
Land$45,000-$45,000
Other Land Buildings$4,777$8,620$13,397
Compensation and Service Providers

Board Members and Trustees

NameTitle
John MyersPresident
Diann ParsonsVice President
Loretta PetersDirector
Lori ParrishDirector
Mark CottrillDirector
Mary KaufmanDirector
Matt CottrillDirector
Sarah SmithDirector
Sharon BalkaDirector
Susan EllertDirector
Karen GehrkeSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$53,081
Program Service Revenue
$114,651
Investment Income
$-14,598
Other Revenue
$2,362
Change in Net Assets
$-47,500

Audited Revenue Reconciliation

Revenue per Audited Statements
$155,496
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$14,605
Total Revenue per Audited Statements
$170,101
Total Revenue per Form 990
$155,496
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$202,996
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Salaries, Compensation, and Employee Benefits$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Occupancy$82,253--$82,253
Depreciation Depletion$45,567--$45,567
Fees for Services Management-$17,988-$17,988
Other Expenses$11,617$22,197-$11,617
Fees for Services Accounting-$11,029-$11,029
Office Expenses-$9,021-$9,021
Travel-$3,099-$3,099
Advertising-$215-$215
Interest-$10-$10
Total Functional Expenses$139,437$63,559$0$202,996

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$219,732
Expenses per Audited Statements$202,996
Total Expenses per Form 990$202,996
Expenses Not Reported on Form 990$16,736
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Security Deposits$8,813
Due to Sponsor$3,501
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 2

Matt cottrill and mark cottrill are son and father. The father, mark cottrill, replaced the son, matt cottrill, on the board during the tax year. They were not on the board at the same time.

Form 990, Part VI, Section A, Line 3

Argos 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 argos 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

Qualifications of directors; 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 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 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:

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.

Filing and Contact Details

Filer

Filer Name
Argos Garden Court Inc
EIN
35-2039163
Phone
2192349923
Address
PO BOX 540, SOUTH BEND, IN 46624

Signing Officer

Name
Rodney Ludwig
Title
Authorized Agent
Phone
2192349923
Signed
2025-11-21
Discuss with paid preparer
Yes

Organization Details

Principal Officer
John Myers
Formed
1998
Legal Domicile
In
Voting Board Members
10
Independent Board Members
10
Employees
0
Volunteers
11

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Ekaterina Gwyn
Phone
3178485700
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

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.

Financial Statement Notes

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 XI, LINE 2D - OTHER ADJUSTMENTS:

Loss on disposal of asset 14,605.

PART XII, LINE 2D - OTHER ADJUSTMENTS:

Book/tax depreciation expense difference 2,131. Loss on disposal of asset 14,605.

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IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1VICE PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
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IRS990/MinutesOfCommitteesInd01
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IRS990/MissionDesc0ARGOS GARDEN COURT, INC. IS AN INDIANA NOT-FOR-PROFIT AND WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 23 UNIT APARTMENT COMPLEX IN NORTH VERNON, INDIANA KNOWN AS ARGOS GARDEN COURT. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL AFFORDABLE HOUSING ACT. THE ORGANIZATION HAS EXECUTED THE STANDARD REGULATORY AGREEMENTS WITH HUD THAT GOVERN THE OPERATIONS OF THE COMMUNITY WITH THE FEDERAL HOUSING ADMINISTRATION (FHA). IN ADDITION, THE CORPORATION HAS ALSO ENTERED INTO A PROJECT RENTAL ASSISTANCE CONTRACT (PRAC) WITH HUD. THE PRAC CONTRACT IS A RENT ASSISTANCE PROGRAM FOR LOW INCOME FAMILIES OR PERSONS AS PROVIDED BY HUD.
IRS990/MoreThan5000KToIndividualsInd00
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IRS990/OtherExpensesGrp/Desc0MTG CO EMPLOYEE CHARGES
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IRS990/OtherExpensesGrp/ManagementAndGeneralAmt022197
IRS990/OtherExpensesGrp/ProgramServicesAmt011617
IRS990/OtherExpensesGrp/TotalAmt022197
IRS990/OtherExpensesGrp/TotalAmt111617
IRS990/OtherLiabilitiesGrp/BOYAmt011832
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IRS990/OtherRevenueMiscGrp/Desc0LAUNDRY & VENDING
IRS990/OtherRevenueMiscGrp/Desc1TENANT CHARGES
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IRS990/PartialLiquidationInd00
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt06856
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt07426
IRS990/PrincipalOfficerNm0JOHN MYERS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0114651
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
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IRS990/PYExcessBenefitTransInd00
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IRS990/PYOtherRevenueAmt01830
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IRS990/PYRevenuesLessExpensesAmt0-37556
IRS990/PYSalariesCompEmpBnftPaidAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt0-47500
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0114651
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. INCLUDED ON PAGE 9, PART VIII IN CURRENT YEAR OTHER REVENUE LINE 7C IS A LOSS ON DISPOSAL OF DEPRECIABLE ASSETS OF $14,605. THE LOSS IS NOT BEING INCLUDED ON SCHEDULE A, PART III, LINE 12 BECAUSE IT DOES NOT MEET THE DEFINITION OF SUPPORT AS DEFINED IN SECTION 509(D) OF THE INTERNAL REVENUE CODE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
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IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt051020
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt056913
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt062336
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt059862
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0283212
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt08
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt07
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt036
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0114651
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0107802
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt099442
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt085740
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt089544
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0497179
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt08
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt07
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt06
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt036
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IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt02513
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IRS990ScheduleA/OtherIncome509Grp/TotalAmt010969
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98610
IRS990ScheduleA/PublicSupportPY509Pct00.98510
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IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0148076
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0149406
IRS990ScheduleA/Total509Grp/TotalAmt0780391
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0170101
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IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0158197
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0150596
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0151843
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0791396
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
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IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt0914984
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IRS990ScheduleD/FootnoteTextInd0X
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IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt013397
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt03501
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt18813
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DUE TO SPONSOR
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1SECURITY DEPOSITS
IRS990ScheduleD/OtherRevenueAmt014605
IRS990ScheduleD/RevenueNotReportedAmt014605
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0155496
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0THE 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.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF ASSET 14,605.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2BOOK/TAX DEPRECIATION EXPENSE DIFFERENCE 2,131. LOSS ON DISPOSAL OF ASSET 14,605.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART XI, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt0687896
IRS990ScheduleD/TotalExpensesPerForm990Amt0202996
IRS990ScheduleD/TotalLiabilityAmt012314
IRS990ScheduleD/TotalRevenuePerForm990Amt0155496
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0170101
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0219732
IRS990/ScheduleJRequiredInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0MATT COTTRILL AND MARK COTTRILL ARE SON AND FATHER. THE FATHER, MARK COTTRILL, REPLACED THE SON, MATT COTTRILL, ON THE BOARD DURING THE TAX YEAR. THEY WERE NOT ON THE BOARD AT THE SAME TIME.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1ARGOS 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 ARGOS 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2QUALIFICATIONS OF DIRECTORS; 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 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4REVIEW THE POLICY ON AN ANNUAL BASIS WITH THE BOARD OF DIRECTORS TO MAKE SURE THAT EVERYONE IS IN COMPLIANCE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6EXISTING 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE 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.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION A, LINE 7A

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