Overview
What is Blue River Inc?
Blue River Inc is a not-for-profit corporation established in Indiana, primarily focused on providing affordable housing for low-income senior citizens. With two projects in Columbia City, Indiana, the organization has Phase I containing 10 units and Phase II offering 30 units. The funding for the mortgage loans came from the Rural Development Department of Agriculture, under Section 515 of the Housing Act of 1949. Furthermore, Blue River Inc has entered into a Housing Assistance Payment (HAP) contract with HUD, which is a rent assistance program for low-income families or individuals, as per the Section 8 program of the National Housing Act. The organization's mission is to offer housing solutions for the elderly population in need.
Is Blue River Inc legitimate?
Blue River Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Blue River 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.
Heare are some key statistics you may want to consider:
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What is the mission statement of Blue River Inc?
Blue River Inc was established as a not-for-profit corporation with a mission to own and manage two apartment projects, specifically designed for low-income senior citizens. The first phase consists of 10 units, while the second phase includes 30 units, both situated in an unspecified location. To finance these projects, the corporation secured mortgage loans from the Rural Development Department of Agriculture under Section 515 of the Housing Act of 1949. Additionally, Blue River Inc entered into a Housing Assistance Payment (HAP) contract with HUD, which is a rent assistance program for low-income families or individuals, as part of the Section 8 program of the National Housing Act. This contract aids in providing financial support to eligible residents.
Who is the CEO of Blue River Inc?
Esther Smith is the President of Blue River Inc.
What is the revenue of Blue River Inc?
Blue River Inc's revenue in 2022 was $346,423.
Who are the executives of Blue River Inc and what are their salaries?
There 9 volunteers at Blue River Inc.
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Where can I find the form 990 for Blue River Inc?
Blue River Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Blue River Inc
Blue River Inc, established as a not-for-profit corporation, was founded with a mission to serve low-income senior citizens. The organization owns and operates two apartment projects, one with 10 units and another with 30 units, situated in an unspecified location. Blue River Inc's mission is primarily focused on providing affordable housing for this demographic. The corporation's financial backing came from the Rural Development, Department of Agriculture, through Section 515 of the Housing Act of 1949. Additionally, Blue River Inc entered into a Housing Assistance Payment (HAP) contract with HUD. This contract is a rent assistance program, part of the Section 8 program from the National Housing Act, which aims to support low-income families or individuals. In essence, Blue River Inc's mission is to offer affordable housing options for senior citizens while receiving financial assistance from the Rural Development, Department of Agriculture, and HUD to ensure the sustainability of their housing projects.
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Impact
October, 2024
Blue River Inc plays a vital role in addressing the housing needs of low-income senior citizens in Columbia City, Indiana. By owning and operating two apartment projects—one consisting of 10 units and the other 30 units—it provides affordable living options tailored for seniors. This initiative is particularly significant given the challenges that low-income individuals often face in securing stable housing.
The organization's funding through mortgage loans from the Rural Development, Department of Agriculture, under Section 515 of the Housing Act of 1949 ensures the sustainability of these housing projects. Furthermore, by entering into a Housing Assistance Payment (HAP) contract with HUD, Blue River Inc enhances affordability for its residents through rent assistance provided by the Section 8 program. This commitment not only improves the quality of life for individuals and families but also fosters a sense of community and stability among its residents.
Overall, Blue River Inc significantly impacts the Columbia City area by providing essential housing solutions that promote dignity and independence for low-income seniors while also contributing to the broader issue of affordable housing availability.
This information is meant to be a general summary of Blue River 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: $15
- Program Service Revenue: $211,657
- Gross Receipts: $346,423
Assets and Liabilities:
- Total Assets: $570,827
- Total Liabilities: $372,173
- Net Assets: $198,654
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$211,657
Organization Details
Founding Year
1969
Phone
(574) 237-6000Principal Officer
Esther Smith
Main Address
PO BOX 540, SOUTH BEND, IN, 46624
NTEE Category
Code: L22 - Housing
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