Overview
What is Blue River Ii Inc?
Blue River II Inc is a not-for-profit corporation established in Indiana, with a primary objective to construct, own, and manage a 20-unit apartment community in Columbia City, named Blue River Apartments. This initiative aligns with Section 811 of the National Affordable Housing Act, aimed at providing housing solutions for low-income families. The corporation has a regulatory agreement with HUD, which governs its operation in conjunction with the Federal Housing Administration (FHA) section of HUD. Additionally, Blue River II Inc has entered into a Project Rental Assistance Contract (PRAC Contract) with HUD, which serves as a rental assistance program for eligible low-income families or individuals, as outlined in Section 8 of the National Housing Act.
Is Blue River Ii Inc legitimate?
Blue River Ii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Blue River Ii 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 Ii Inc?
Blue River II Inc., as an organization, was established with the goal of constructing, owning, and operating a 20-unit apartment community. This community, known as Blue River Apartments, is situated in Columbia City, Indiana. The organization was founded in accordance with Section 811 of the National Affordable Housing Act, and it has entered into a regulatory agreement with HUD, governed by the Federal Housing Administration (FHA) section of HUD. Moreover, Blue River II Inc. has a Project Rental Assistance Contract (PRAC Contract) with HUD, which serves as a rental assistance program for low-income families or individuals, as per Section 8 of the National Housing Act. The organization's primary focus is to provide affordable housing solutions for these families or individuals.
Who is the CEO of Blue River Ii Inc?
Esther Smith is the President of Blue River Ii Inc.
What is the revenue of Blue River Ii Inc?
Blue River Ii Inc's revenue in 2022 was $162,692.
Who are the executives of Blue River Ii Inc and what are their salaries?
There 9 volunteers at Blue River Ii Inc.
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Where can I find the form 990 for Blue River Ii Inc?
Blue River Ii Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Blue River Ii Inc
Blue River II Inc, a not-for-profit corporation, was established with a mission to construct, own, and operate a 20-unit apartment community. This community, named Blue River Apartments, is situated in an unspecified location. The organization was founded in compliance with Section 811 of the National Affordable Housing Act, which has been amended. Blue River II Inc has also entered into a Project Rental Assistance Contract (PRAC Contract) with HUD, a rental assistance program for low-income families or individuals, as stipulated by Section 8 of the National Housing Act. The organization's agreement with HUD's Federal Housing Administration (FHA) section governs the operation of the community. The mission of Blue River II Inc is to provide affordable housing solutions for those in need, ensuring that low-income families can secure stable living spaces.
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Impact
October, 2024
Blue River II Inc has a significant impact on the community by providing affordable housing solutions through the construction and operation of the Blue River Apartments in Columbia City, Indiana. By establishing a 20-unit apartment community, it addresses the pressing need for low-income housing in the area.
The organization operates under federal guidelines set forth by the National Affordable Housing Act, ensuring compliance with regulations designed to support and protect low-income residents. The regulatory agreement with the Department of Housing and Urban Development (HUD) and the Project Rental Assistance Contract (PRAC) allows Blue River II Inc to offer rental assistance to families and individuals who need it most. This assistance is crucial for helping them secure stable housing, ultimately contributing to improved quality of life and community stability.
By focusing on the needs of low-income families, Blue River II Inc is not just constructing buildings, but fostering a supportive environment where residents can thrive. The effect of such initiatives extends beyond housing; it encourages economic development, social integration, and community cohesion, making a lasting positive impact on the local population.
This information is meant to be a general summary of Blue River Ii 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: $26
- Program Service Revenue: $89,217
- Gross Receipts: $162,692
Assets and Liabilities:
- Total Assets: $934,548
- Total Liabilities: $1,414,573
- Net Assets: -$480,025
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$89,217
Organization Details
Founding Year
2002
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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