Fairfield Garden Court Inc
Fairfield Garden Court Inc. consistently operates at a deficit, drawing down assets while maintaining low liabilities and no reported officer compensation.
EIN: 203453966 · South Bend, IN · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $218K |
| Total Expenses | $218K |
| Program Spending | 80% |
| Net Assets | $1.3M |
| Transparency Score | 75/100 |
Is Fairfield Garden Court Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fairfield Garden Court Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fairfield Garden Court Inc
Fairfield Garden Court Inc (EIN: 203453966) is a nonprofit organization based in South Bend, IN, classified under NTEE code L22. The organization reported total revenue of $218K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fairfield Garden Court Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fairfield Garden Court Inc is a small nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $217K |
| Total Expenses | $218K |
| Surplus / Deficit | $-1,525 |
| Total Assets | $1.4M |
| Total Liabilities | $28K |
| Net Assets | $1.3M |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 2.0% |
| Months of Reserves | 75.3 months |
Financial Health Grade: B
In 2024, Fairfield Garden Court Inc reported a deficit of $2K with expenses exceeding revenue, holds 75.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.0% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Fairfield Garden Court Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +14.1% | +7.9% | -0.3% |
| 2023 | +4.8% | -4.5% | -0.6% |
| 2022 | +11.3% | +4.4% | -2.2% |
| 2021 | -0.5% | +7.2% | -2.8% |
| 2020 | +0.5% | +1.4% | -1.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2008 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Fairfield Garden Court Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 80%
- fundraising: 0%
According to IRS 990 filings, Fairfield Garden Court Inc allocates its expenses as follows: admin: 20%, programs: 80%, fundraising: 0%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.0%.
Executive Compensation Analysis
Fairfield Garden Court Inc. reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual for an organization of its size and consistent operational expenses. This suggests a volunteer-led executive structure or that compensation is categorized differently, but based on the provided data, it's a strong positive for resource allocation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Fairfield Garden Court Inc's IRS 990 filings:
- Consistent operating deficits over multiple years (e.g., $1,525 in 202406, $12,304 in 202306), indicating spending exceeds revenue.
- Declining asset base over the long term (from $1,619,260 in 201506 to $1,325,369 currently), likely due to consistent deficits.
Strengths
The following positive indicators were identified for Fairfield Garden Court Inc:
- Strong asset base relative to annual expenses ($1,325,369 in assets vs. $218,265 in 202406 expenses).
- Extremely low liabilities, indicating good short-term financial health (e.g., $27,757 in 202406).
- No reported officer compensation across all filings, suggesting efficient use of funds at the executive level.
- Long history of IRS 990 filings (13 filings), demonstrating consistent transparency and reporting.
Frequently Asked Questions about Fairfield Garden Court Inc
Is Fairfield Garden Court Inc a legitimate charity?
Fairfield Garden Court Inc (EIN: 203453966) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $218K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Fairfield Garden Court Inc spend its money?
Fairfield Garden Court Inc directs 80% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Fairfield Garden Court Inc tax-deductible?
Fairfield Garden Court Inc is registered as a tax-exempt nonprofit (EIN: 203453966). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Fairfield Garden Court Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Fairfield Garden Court Inc is above average for NTEE category L22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Fairfield Garden Court Inc located?
Fairfield Garden Court Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 203453966. It is classified under NTEE code L22.
How many years of IRS 990 filings does Fairfield Garden Court Inc have?
Fairfield Garden Court Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $218K in total revenue.
How does Fairfield Garden Court Inc. cover its consistent operating deficits?
The organization appears to cover its operating deficits by drawing down its accumulated assets. For example, in the 202406 period, assets decreased from $1,373,255 to $1,369,555, while expenses exceeded revenue by $1,525. This trend is consistent across multiple years, indicating a reliance on its existing capital to sustain operations.
What is the long-term sustainability of Fairfield Garden Court Inc. given its consistent deficits?
While the organization has substantial assets ($1,325,369 currently), a consistent pattern of operating at a deficit, as seen in every reported year (e.g., $1,525 deficit in 202406, $12,304 in 202306), is not sustainable indefinitely. Over time, this will erode its asset base, potentially impacting its ability to fulfill its mission if revenue generation does not improve or expenses are not reduced.
Why is there no officer compensation reported?
The consistent reporting of 0% officer compensation across all 13 filings suggests that the organization's leadership may be entirely volunteer-based, or that any compensation for leadership roles is categorized under other expense lines, which would be less transparent. Based solely on the provided data, it indicates a highly efficient use of funds regarding executive pay.
Filing History
IRS 990 filing history for Fairfield Garden Court Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Fairfield Garden Court Inc's revenue has grown by 99.2%, moving from $109K to $217K. Total assets decreased by 23.6% over the same period, from $1.8M to $1.4M. Total functional expenses rose by 34.4%, from $162K to $218K. In its most recent filing year (2024), Fairfield Garden Court Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $28K in liabilities against $1.4M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $217K | $218K | $1.4M | $28K | — | — |
| 2023 | $190K | $202K | $1.4M | $30K | — | View 990 |
| 2022 | $181K | $212K | $1.4M | $25K | — | View 990 |
| 2021 | $163K | $203K | $1.4M | $26K | — | View 990 |
| 2020 | $164K | $189K | $1.5M | $27K | — | View 990 |
| 2019 | $163K | $187K | $1.5M | $18K | — | View 990 |
| 2018 | $156K | $178K | $1.5M | $19K | — | View 990 |
| 2017 | $132K | $187K | $1.5M | $22K | — | View 990 |
| 2016 | $124K | $177K | $1.6M | $17K | — | View 990 |
| 2015 | $124K | $175K | $1.6M | $13K | — | View 990 |
| 2014 | $120K | $182K | $1.7M | $14K | — | View 990 |
| 2013 | $110K | $160K | $1.7M | $2.0M | — | View 990 |
| 2012 | $109K | $162K | $1.8M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $217K, expenses of $218K, and assets of $1.4M (revenue +14.1% year-over-year).
- 2023: Revenue of $190K, expenses of $202K, and assets of $1.4M (revenue +4.8% year-over-year).
- 2022: Revenue of $181K, expenses of $212K, and assets of $1.4M (revenue +11.3% year-over-year).
- 2021: Revenue of $163K, expenses of $203K, and assets of $1.4M (revenue -0.5% year-over-year).
- 2020: Revenue of $164K, expenses of $189K, and assets of $1.5M (revenue +0.5% year-over-year).
- 2019: Revenue of $163K, expenses of $187K, and assets of $1.5M (revenue +4.3% year-over-year).
- 2018: Revenue of $156K, expenses of $178K, and assets of $1.5M (revenue +18.4% year-over-year).
- 2017: Revenue of $132K, expenses of $187K, and assets of $1.5M (revenue +6.6% year-over-year).
- 2016: Revenue of $124K, expenses of $177K, and assets of $1.6M (revenue -0.4% year-over-year).
- 2015: Revenue of $124K, expenses of $175K, and assets of $1.6M (revenue +3.2% year-over-year).
- 2014: Revenue of $120K, expenses of $182K, and assets of $1.7M (revenue +9.0% year-over-year).
- 2013: Revenue of $110K, expenses of $160K, and assets of $1.7M (revenue +1.4% year-over-year).
- 2012: Revenue of $109K, expenses of $162K, and assets of $1.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fairfield Garden Court Inc:
Data Sources and Methodology
This transparency report for Fairfield Garden Court Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.