Mentone Garden Court Inc
Mentone Garden Court Inc. consistently operates at a deficit, drawing down assets despite zero officer compensation.
EIN: 208609142 · South Bend, IN · NTEE: L22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $124K |
| Total Expenses | $166K |
| Program Spending | 90% |
| Net Assets | $1.1M |
| Transparency Score | 75/100 |
Is Mentone 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 →
Mentone Garden Court Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Mentone Garden Court Inc
Mentone Garden Court Inc (EIN: 208609142) is a nonprofit organization based in South Bend, IN, classified under NTEE code L22. The organization reported total revenue of $124K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mentone Garden Court Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mentone 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 3.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $124K |
| Total Expenses | $166K |
| Surplus / Deficit | $-42,711 |
| Total Assets | $1.2M |
| Total Liabilities | $34K |
| Net Assets | $1.1M |
| Operating Margin | -34.5% |
| Debt-to-Asset Ratio | 2.9% |
| Months of Reserves | 83.6 months |
Financial Health Grade: B
In 2024, Mentone Garden Court Inc reported a deficit of $43K with expenses exceeding revenue, holds 83.6 months of operating reserves (strong position), has a debt-to-asset ratio of 2.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Mentone Garden Court Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +10.3% | +6.3% | -4.2% |
| 2023 | -0.6% | +8.5% | -1.9% |
| 2022 | +3.1% | +2.0% | -2.4% |
| 2021 | +5.9% | +3.1% | -2.8% |
| 2020 | -0.3% | -1.2% | -2.5% |
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 Mentone 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Mentone Garden Court Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $43K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.9%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Mentone Garden Court Inc's IRS 990 filings:
- Consistent operating deficits (e.g., $42,711 in 2024)
- Declining asset base over time (from $1.48M in 2015 to $1.16M in 2024)
Strengths
The following positive indicators were identified for Mentone Garden Court Inc:
- Zero officer compensation, indicating volunteer leadership
- Strong program spending ratio (estimated 90%)
- Consistent IRS 990 filing history demonstrating transparency
- Substantial asset base relative to annual expenses ($1.16M assets vs. $166K expenses in 2024)
Frequently Asked Questions about Mentone Garden Court Inc
Is Mentone Garden Court Inc a legitimate charity?
Mentone Garden Court Inc (EIN: 208609142) 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: $124K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Mentone Garden Court Inc spend its money?
Mentone Garden Court Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Mentone Garden Court Inc tax-deductible?
Mentone Garden Court Inc is registered as a tax-exempt nonprofit (EIN: 208609142). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Mentone Garden Court Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Mentone 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 Mentone Garden Court Inc located?
Mentone Garden Court Inc is headquartered in South Bend, Indiana and files with the IRS under EIN 208609142. It is classified under NTEE code L22.
How many years of IRS 990 filings does Mentone Garden Court Inc have?
Mentone 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 $124K in total revenue.
Is Mentone Garden Court Inc. financially sustainable?
The organization has consistently spent more than it earns, leading to a decline in assets from $1.48 million in 2015 to $1.16 million in 2024. While it has significant assets, this trend raises concerns about long-term financial sustainability if not addressed.
How does Mentone Garden Court Inc. fund its operations?
Given the consistent deficits, the organization appears to be funding its operations by drawing down its existing asset base, as evidenced by the declining asset values over the past decade.
What is the organization's approach to fundraising?
Based on the available data showing 0% allocated to fundraising, it appears the organization does not engage in significant, if any, dedicated fundraising activities or expenses.
Is the organization transparent?
Yes, the organization has a consistent filing history of 13 IRS 990 forms, indicating a commitment to financial transparency.
Filing History
IRS 990 filing history for Mentone Garden Court Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Mentone Garden Court Inc's revenue has grown by 54.8%, moving from $80K to $124K. Total assets decreased by 28.3% over the same period, from $1.6M to $1.2M. Total functional expenses rose by 28.5%, from $130K to $166K. In its most recent filing year (2024), Mentone Garden Court Inc reported a deficit of $43K, with expenses exceeding revenue. The organization holds $34K in liabilities against $1.2M in assets (debt-to-asset ratio: 2.9%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $124K | $166K | $1.2M | $34K | — | — |
| 2023 | $112K | $157K | $1.2M | $42K | — | View 990 |
| 2022 | $113K | $144K | $1.2M | $21K | — | View 990 |
| 2021 | $110K | $142K | $1.3M | $20K | — | View 990 |
| 2020 | $103K | $137K | $1.3M | $24K | — | View 990 |
| 2019 | $104K | $139K | $1.3M | $23K | — | View 990 |
| 2018 | $122K | $154K | $1.4M | $23K | — | View 990 |
| 2017 | $111K | $158K | $1.4M | $20K | — | View 990 |
| 2016 | $111K | $156K | $1.4M | $18K | — | View 990 |
| 2015 | $109K | $151K | $1.5M | $19K | — | View 990 |
| 2014 | $102K | $143K | $1.5M | $19K | — | View 990 |
| 2013 | $78K | $135K | $1.6M | $18K | — | View 990 |
| 2012 | $80K | $130K | $1.6M | $19K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $124K, expenses of $166K, and assets of $1.2M (revenue +10.3% year-over-year).
- 2023: Revenue of $112K, expenses of $157K, and assets of $1.2M (revenue -0.6% year-over-year).
- 2022: Revenue of $113K, expenses of $144K, and assets of $1.2M (revenue +3.1% year-over-year).
- 2021: Revenue of $110K, expenses of $142K, and assets of $1.3M (revenue +5.9% year-over-year).
- 2020: Revenue of $103K, expenses of $137K, and assets of $1.3M (revenue -0.3% year-over-year).
- 2019: Revenue of $104K, expenses of $139K, and assets of $1.3M (revenue -14.7% year-over-year).
- 2018: Revenue of $122K, expenses of $154K, and assets of $1.4M (revenue +9.3% year-over-year).
- 2017: Revenue of $111K, expenses of $158K, and assets of $1.4M (revenue -0.1% year-over-year).
- 2016: Revenue of $111K, expenses of $156K, and assets of $1.4M (revenue +2.2% year-over-year).
- 2015: Revenue of $109K, expenses of $151K, and assets of $1.5M (revenue +6.9% year-over-year).
- 2014: Revenue of $102K, expenses of $143K, and assets of $1.5M (revenue +30.9% year-over-year).
- 2013: Revenue of $78K, expenses of $135K, and assets of $1.6M (revenue -2.5% year-over-year).
- 2012: Revenue of $80K, expenses of $130K, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mentone Garden Court Inc:
Data Sources and Methodology
This transparency report for Mentone 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.