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Blue River INC FY2023 filing

Not tax-deductible

South Bend, IN501(c)(4)EIN 35-1454609Revenue $353K in FY2023

On file with the IRSPo Box 540, 46624-0540 · South Bend, INTax-exempt since Aug 1979

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Blue River, INC. Was organized as an indiana not-for-profit corporation to own and operate two apartment projects for low-income senior citizens in columbia city, indiana. Phase I has 10 units and phase II has 30 units. The corporation's mortgage loans were provided through the rural development, department of agriculture, under section 515 of the housing act of 1949. In addition, the corporation has also entered into a housing assistance payment contract with hud. The hap contract is a rent assistance program for low-income families or persons as provided by the section 8 program of the national housing act.

61¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Programs: Part IX

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(4)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
No
Donations are not tax-deductible
Worth a look: the IRS does not list gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2024
latest Form 990
Looks good: the latest return is for FY2024, 2 tax years back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $44K a year · 13% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
61%
of spending
Worth a look: 61% of spending went to programs; under 65%.
Pt IX · Ln 25 · col B
Cash reserves
2 mo
of spending, in cash
Fine: 1.6 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$316K
57% of total assets
Fine: liabilities are 57% of assets; 50% to 65%.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$353K
+2% vs prior year
Spent
$311K
To programs
61%
Net assets
$241K
By yearFY2020–FY2024
Revenue
$353K
FY2023▲ +2%
Tap a bar for its year
Revenue by fiscal year
FY2020$308K
FY2021$312K
FY2022$346K
FY2023$353K
FY2024$369K
Expenses
$311K
FY2023▲ +7%
Tap a bar for its year
Expenses by fiscal year
FY2020$271K
FY2021$260K
FY2022$292K
FY2023$311K
FY2024$336K
Net assets
$241K
FY2023▲ +21%
Tap a bar for its year
Net assets by fiscal year
FY2020$92K
FY2021$144K
FY2022$199K
FY2023$241K
FY2024$274K

From the FY2023 Form 990 · see the original

990 PDF Claim
You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2024) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Aug 1979.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

61 cents of each dollar spent went to programs.

Program services 61% · $191K Management & general 39% · $120K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

9 people listed on the 990.

Part VII, Section A · reportable compensation
Esther Smith
President
$0Pt VII · Sec A
Dick Buchanan
Vice President
$0Pt VII · Sec A
Phyllis Gates
Secretary/Treasurer
$0Pt VII · Sec A
Carl Siler
Director
$0Pt VII · Sec A
Doug Lucker
Director
$0Pt VII · Sec A
Jeff Walker
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
See Blue River INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides affordable housing and rental assistance for low-income seniors.

Questions for Blue River INC

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Provided by the organization

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1 program · $191K · in their own filed words · FY2023
01

Blue river, inc. Was organized as an indiana not-for-profit corporation to own and operate two apartment projects for low-income senior citizens in columbia city, indiana. Phase I has 10 units and phase ii has 30 units.

$191Kprogram expense

By the numbers

The FY2023 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$353K
Ln 12
Fees for servicesLn 2g$178K
Gifts and grantsLn 1h$166K
Other incomeLn 4–11$6K
Money outPt IX
$311K
Ln 25
Programscol B$191K
Managementcol C$120K
Owns and owesPt X
$241K
net assets · Ln 32
Cash and savingsLn 1–2$42K
Total assetsLn 16$557K
LiabilitiesLn 26$316K
PeoplePt VI, VII
9
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$166K
Government grantsLn 1e$166K
Fees for servicesLn 2g$178K
Investment incomeLn 3$3K
Other incomeLn 4–11$6K
Total revenueLn 12$353K
Assets in detailPt X, end of year
CashLn 1$42K
Cash and savings togetherLn 1–2$42K
InvestmentsLn 11–13$107K
Land, buildings, equipmentLn 10c$388K
Other assetsLn 15$15K
Total assetsLn 16$557K
LiabilitiesLn 26$316K
Net assetsLn 32$241K
OperationsPt I, VI
EmployeesI 50
VolunteersI 610
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$42K$42K
InvestmentsLn 11–13$93K$107K
Land, buildings, equipmentLn 10c$411K$388K
Total assetsLn 16$571K$557K
LiabilitiesLn 26$372K$316K
Net assetsLn 32$199K$241K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$29K$29K
Legal feesLn 11b$3K$3K
Accounting feesLn 11c$11K$11K
Advertising and promotionLn 12$2K$2K
Office expensesLn 13$11K$11K
OccupancyLn 16$155K$155K
TravelLn 17$2K$2K
Depreciation, depletion and amortizationLn 22$29K$29K
InsuranceLn 23$700$700
Other expenses (24a–d)Ln 24$69K$6K$63K
Total functional expensesLn 25$311K$191K$120K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest $369K$336K$33K$274K 990 PDF
FY2023 Viewing $353K$311K$42K$241K 990 PDF
FY2022 $346K$292K$55K$199K 990 PDF
FY2021 $312K$260K$52K$144K 990 PDF
FY2020 $308K$271K$37K$92K 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2023 990 (6 parts)
Part I · Summary $353,151 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $127,766$166,237
I-9 Program service revenuePrior year $211,657$178,145
I-10 Investment incomePrior year $15$2,755
I-11 Other revenuePrior year $6,985$6,014
I-12 Total revenuePrior year $346,423$353,151
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $0$0
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $291,813$311,031
I-18 Total expensesPrior year $291,813$311,031
I-19 Revenue less expensesPrior year $54,610$42,120
Part VI · Governance 9 of 9 board members independent, 3 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
Part VIII · Statement of revenue $353,151 across 6 lines filed
VIII-1e Government grants$166,237
VIII-1h Total contributions, gifts and grants$166,237
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $178,145$178,145
VIII-3 Investment incomeExcluded from tax $2,755$2,755
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $6,014$6,014
VIII-12 Total revenueRelated to mission $178,145 · Unrelated business $0 · Excluded from tax $8,769$353,151
Part IX · Statement of functional expenses $311,031 across 10 lines filed
IX-11a Management feesManagement $29,002$29,002
IX-11b Legal feesManagement $2,800$2,800
IX-11c Accounting feesManagement $11,326$11,326
IX-12 Advertising and promotionManagement $2,090$2,090
IX-13 Office expensesManagement $10,767$10,767
IX-16 OccupancyPrograms $154,535$154,535
IX-17 TravelManagement $1,627$1,627
IX-22 Depreciation, depletion and amortizationPrograms $29,077$29,077
IX-23 InsurancePrograms $700$700
IX-24 Other expenses (24a–d)Programs $6,409 · Management $62,698$69,107
IX-25 Total functional expensesPrograms $190,721 · Management $120,310 · Fundraising $0$311,031
Part X · Balance sheet $557,214 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $42,196$42,475
X-4 Accounts receivableStart of year $4,025$1,219
X-9 Prepaid expenses and deferred chargesStart of year $5,512$2,940
X-10c Land, buildings and equipment, netStart of year $410,994$388,336
X-13 Program-related investmentsStart of year $92,854$106,761
X-15 Other assetsStart of year $15,246$15,483
X-16 Total assetsStart of year $570,827$557,214
X-17 Accounts payable and accrued expensesStart of year $17,642$16,090
X-19 Deferred revenueStart of year $2,289$642
X-25 Other liabilitiesStart of year $18,065$18,315
X-26 Total liabilitiesStart of year $372,173$316,440
X-27 Net assets without donor restrictionsStart of year $198,654$240,774
X-32 Total net assets or fund balancesStart of year $198,654$240,774
X-33 Total liabilities and net assetsStart of year $570,827$557,214
Part XI · Reconciliation of net assets $240,774 net assets at year end
XI-1 Total revenue$353,151
XI-2 Total expenses$311,031
XI-3 Revenue less expenses$42,120
XI-4 Net assets at start of year$198,654
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$240,774

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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