Simadon Corporation
Fiscal year ending 2024. Filed on January 23, 2025.
PO Box 809
Goshen, Indiana 46527
Simadon Corporation (EIN: 20-8473080), also known as River Court Apartments, has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2024 IRS Form 990 filing, Simadon Corporation, a 501(c)(3) charitable organization, reported compensation for 7 employees. Among the employees shown here, the average compensation is $310,347. The highest compensated employee at Simadon Corporation is Daniel Kinsey, M.D. with fiscal year 2024 compensation of $386,256.
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Mission Statement
SIMADON CORPORATION (AN INDIANA NOT-FOR-PROFIT CORPORATION) (THE CORPORATION) WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 15 UNIT GROUP HOME FOR PERSONS DISABLED AS A RESULT OF A CHRONIC ILLNESS. RESIDENTS SUFFERING FROM SERIOUS MENTAL ILLNESS ARE PROVIDED PLACES TO LIVE WHICH OFFER A 24 HOUR SUPPORTIVE ENVIRONMENT. THE FACILITY PROVIDES SUPPORT, MEDICATION MONITORING, AND LIFE SKILLS ENHANCEMENT. LOCATED IN SOUTH BEND, INDIANA IT IS KNOWN AS RIVER COURT APARTMENTS AND OPERATES PURSUANT TO SECTION 811 OF THE NATIONAL AFFORDABLE HOUSING ACT, AS AMENDED. 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.
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