Overview
What is Blue River Churubusco Inc?
Blue River Churubusco Inc is a not-for-profit corporation based in South Bend, Indiana, with a postal address of PO Box 540, 46624. The organization's primary mission is to construct, own, and operate a 22-unit apartment community in Churubusco, Indiana, named Blue River Churubusco. This initiative is in line with Section 202 of the National Housing Act, aiming to provide affordable housing options for low-income families or individuals. The corporation has a regulatory agreement with HUD's Federal Housing Administration section, and they also operate under a Project Rental Assistance Contract (PRAC Contract) with HUD, funded by Section 8 of the National Housing Act. This contract provides rent assistance, ensuring that the community's residents can afford their living expenses.
Is Blue River Churubusco Inc legitimate?
Blue River Churubusco Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blue River Churubusco Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Blue River Churubusco Inc?
Blue River Churubusco Inc, a non-profit organization, was established with the purpose of constructing, owning, and operating a 22-unit apartment community. This community is located in an unspecified area and is known as Blue River Churubusco. The organization was founded under Section 202 of the National Housing Act and has entered into a regulatory agreement with HUD, governed by the Federal Housing Administration (FHA) section of HUD. Furthermore, Blue River Churubusco Inc has a Project Rental Assistance Contract (PRAC Contract) with HUD, which is a rent assistance program for low-income families or individuals, as per Section 8 of the National Housing Act. This program aims to provide affordable housing opportunities for those in need.
Who is the CEO of Blue River Churubusco Inc?
Esther Smith is the President of Blue River Churubusco Inc.
What is the revenue of Blue River Churubusco Inc?
Blue River Churubusco Inc's revenue in 2022 was $173,821.
Who are the executives of Blue River Churubusco Inc and what are their salaries?
There 9 volunteers at Blue River Churubusco Inc.
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Where can I find the form 990 for Blue River Churubusco Inc?
Blue River Churubusco Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Blue River Churubusco Inc
Blue River Churubusco Inc, an Indiana-based non-profit corporation, was established with a mission to construct, own, and operate a 22-unit apartment community. This community, named Blue River Churubusco, is located in Churubusco, Indiana. The organization was founded in accordance with Section 202 of the National Housing Act, which was later amended. To govern the operation of this community, Blue River Churubusco Inc entered into a regulatory agreement with the Federal Housing Administration (FHA) section of HUD.
Furthermore, the non-profit organization has a Project Rental Assistance Contract (PRAC Contract) with HUD. This contract is a rent assistance program designed for low-income families or individuals, as provided by Section 8 of the National Housing Act. This program aims to provide affordable housing options and financial assistance to those in need, thereby contributing to a more equitable housing landscape. Blue River Churubusco Inc's mission, therefore, can be summarized as a commitment to providing affordable housing and rental assistance to low-income families or individuals, in compliance with relevant federal housing legislation.
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Impact
October, 2024
Blue River Churubusco Inc significantly impacts the community of Churubusco, Indiana, by addressing the critical need for affordable housing. The organization has constructed and operates a 22-unit apartment community, known as Blue River Churubusco, which provides essential living accommodations for low-income families and individuals.
The apartments are developed under the guidelines of the National Housing Act, particularly Section 202, ensuring that the housing meets federal standards while being affordable. By executing a regulatory agreement with the U.S. Department of Housing and Urban Development (HUD), the organization adheres to regulations that prioritize the well-being of residents and the sustainability of the community.
Additionally, through the Project Rental Assistance Contract (PRAC), Blue River Churubusco Inc offers rental assistance, effectively making housing more accessible to those who may struggle with housing costs. This program falls under Section 8 of the National Housing Act, emphasizing the commitment to provide safe and affordable living conditions.
Overall, Blue River Churubusco Inc fosters a supportive environment for low-income residents, contributes to community stability, and plays a vital role in combating housing insecurity in the region.
This information is meant to be a general summary of Blue River Churubusco Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $10
- Program Service Revenue: $96,909
- Gross Receipts: $173,821
Assets and Liabilities:
- Total Assets: $1,683,065
- Total Liabilities: $37,431
- Net Assets: $1,645,634
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$96,909
Organization Details
Founding Year
2009
Phone
(574) 237-6000Principal Officer
Esther Smith
Main Address
PO BOX 540, SOUTH BEND, IN, 46624
NTEE Category
Code: L20 - Housing
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