philanthropy.org | 990 Resource | FAQ Verify yourself
Sign in

Blue River II INC

Tax-deductible

South Bend, IN501(c)(3)HousingEIN 37-1450558Revenue $190K in FY2024

On file with the IRSPo Box 540, 46624-0540 · South Bend, INTax-exempt since Apr 2003Publicly supported — 509(a)(2)

This page gets seen. Tell your story. Claim this org.

The indiana not-for-profit corporation was organized to construct, own and operate a 20 unit apartment community in columbia city, indiana known as Blue River apartments. IT was organized pursuant to section 811 of the national affordable housing act as amended and 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 of the national housing act.

501(c)(3) charity; gifts are tax-deductible.
61¢ of each $1 spent went to programs.
Run by 10 volunteers.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
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
Yes
Donations are tax-deductible
Looks good: the IRS lists 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
0 of 5
filings with a surplus
Average deficit $22K a year · 13% of revenue · last 5 filings
Concern: a surplus in 0 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: 1.5 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Liabilities
$1.4M
162% of total assets
Concern: liabilities are 162% of assets; over 80%.
Pt X · Ln 26
Independent board members
8
of 8 voting members
Looks good: 8 of 8 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$190K
+9% vs prior year
Spent
$217K
To programs
61%
Net assets
−$533K
By yearFY2020–FY2024
Revenue
$190K
FY2024▲ +9%
Tap a bar for its year
Revenue by fiscal year
FY2020$143K
FY2021$160K
FY2022$163K
FY2023$174K
FY2024$190K
Expenses
$217K
FY2024▲ +9%
Tap a bar for its year
Expenses by fiscal year
FY2020$151K
FY2021$179K
FY2022$192K
FY2023$200K
FY2024$217K
Net assets
−$533K
FY2024▼ -5%
Tap a bar for its year
Net assets by fiscal year
FY2020−$431K
FY2021−$451K
FY2022−$480K
FY2023−$506K
FY2024−$533K

From the FY2024 Form 990 · see the original

Form 990 (PDF) Claim

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2024. IRS ruling in Apr 2003.

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% · $133K Management & general 39% · $84K

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

Something off? The org can add a note here. Request edit privileges.

Who runs it and what they're paid

8 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
Jeff Walker
Director
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Jack Green
Director
$0Pt VII · Sec A
See Blue River II INC executive salaries →

Are you one of these people? Claim this org to confirm your role

Something off? The org can add a note here. Request edit privileges.

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 rental housing for low-income families and individuals.

Questions for Blue River II INC

Tap to ask. Blue River II INC sees how many people are interested.

Your first name shows with your question. Blue River II INC answers here, for everyone.

Provided by the organization

Know this organization? Claim it to add your story

1 program · $133K · in their own filed words · FY2024
01

The indiana not for profit corporation was organized to construct, own and operate a 20 unit apartment community in columbia city, indiana known as blue river apartments. It was organized pursuant to section 811 of the national affordable housing act as amended and has executed a regulatory agreement with hud which governs the operation…

$133Kprogram expense

By the numbers

The FY2024 990, line by line.

Download 990
from philanthropy.org
1The main four
Money inPt VIII
$190K
Ln 12
Fees for servicesLn 2g$104K
Gifts and grantsLn 1h$85K
Other incomeLn 4–11$1K
Money outPt IX
$217K
Ln 25
Programscol B$133K
Managementcol C$84K
Owns and owesPt X
−$533K
net assets · Ln 32
Cash and savingsLn 1–2$28K
Total assetsLn 16$863K
LiabilitiesLn 26$1.4M
PeoplePt VI, VII
8
listed · VII A
PaidVII A0
Voting boardVI 1a8
IndependentVI 1b8
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$85K
Government grantsLn 1e$85K
Fees for servicesLn 2g$104K
Investment incomeLn 3$26
Other incomeLn 4–11$1K
Total revenueLn 12$190K
Assets in detailPt X, end of year
CashLn 1$28K
Cash and savings togetherLn 1–2$28K
InvestmentsLn 11–13$72K
Land, buildings, equipmentLn 10c$743K
Other assetsLn 15$19K
Total assetsLn 16$863K
LiabilitiesLn 26$1.4M
Net assetsLn 32−$533K
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 FY24End FY24
Cash and savingsLn 1–2$23K$28K
InvestmentsLn 11–13$71K$72K
Land, buildings, equipmentLn 10c$778K$743K
Total assetsLn 16$898K$863K
LiabilitiesLn 26$1.4M$1.4M
Net assetsLn 32−$506K−$533K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Management feesLn 11a$18K$18K
Accounting feesLn 11c$12K$12K
Advertising and promotionLn 12$1K$1K
Office expensesLn 13$7K$7K
OccupancyLn 16$85K$85K
Depreciation, depletion and amortizationLn 22$39K$39K
InsuranceLn 23$363$363
Other expenses (24a–d)Ln 24$54K$9K$45K
All other expensesLn 24e$1K$11$1K
Total functional expensesLn 25$217K$133K$84K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2024 Latest Viewing $190K$217K−$27K−$533K 990 PDF
FY2023 $174K$200K−$26K−$506K 990 PDF
FY2022 $163K$192K−$29K−$480K 990 PDF
FY2021 $160K$179K−$19K−$451K 990 PDF
FY2020 $143K$151K−$7K−$431K 990 PDF

Want to add your own materials alongside these filings? Claim this org

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 FY2024 990 (6 parts)
Part I · Summary $189,981 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $71,845$84,951
I-9 Program service revenuePrior year $100,501$103,579
I-10 Investment incomePrior year $44$26
I-11 Other revenuePrior year $1,903$1,425
I-12 Total revenuePrior year $174,293$189,981
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 $199,980$217,414
I-18 Total expensesPrior year $199,980$217,414
I-19 Revenue less expensesPrior year −$25,687−$27,433
Part VI · Governance 8 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members8
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 $189,981 across 6 lines filed
VIII-1e Government grants$84,951
VIII-1h Total contributions, gifts and grants$84,951
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $103,579$103,579
VIII-3 Investment incomeExcluded from tax $26$26
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $1,425$1,425
VIII-12 Total revenueRelated to mission $103,579 · Unrelated business $0 · Excluded from tax $1,451$189,981
Part IX · Statement of functional expenses $217,414 across 9 lines filed
IX-11a Management feesManagement $18,168$18,168
IX-11c Accounting feesManagement $11,761$11,761
IX-12 Advertising and promotionManagement $1,155$1,155
IX-13 Office expensesManagement $7,018$7,018
IX-16 OccupancyPrograms $84,759$84,759
IX-22 Depreciation, depletion and amortizationPrograms $39,290$39,290
IX-23 InsurancePrograms $363$363
IX-24 Other expenses (24a–d)Programs $8,850 · Management $44,840$53,690
IX-24e All other expensesPrograms $11 · Management $1,199$1,210
IX-25 Total functional expensesPrograms $133,273 · Management $84,141 · Fundraising $0$217,414
Part X · Balance sheet $862,606 assets, 14 lines filed
X-1 Cash, non-interest-bearingStart of year $22,902$27,698
X-4 Accounts receivableStart of year $5,980$556
X-9 Prepaid expenses and deferred chargesStart of year $2,508$309
X-10c Land, buildings and equipment, netStart of year $777,623$743,398
X-13 Program-related investmentsStart of year $70,645$71,743
X-15 Other assetsStart of year $18,719$18,902
X-16 Total assetsStart of year $898,377$862,606
X-17 Accounts payable and accrued expensesStart of year $24,740$17,239
X-19 Deferred revenueStart of year $8,422$7,395
X-25 Other liabilitiesStart of year $13,627$13,817
X-26 Total liabilitiesStart of year $1,404,089$1,395,751
X-27 Net assets without donor restrictionsStart of year −$505,712−$533,145
X-32 Total net assets or fund balancesStart of year −$505,712−$533,145
X-33 Total liabilities and net assetsStart of year $898,377$862,606
Part XI · Reconciliation of net assets −$533,145 net assets at year end
XI-1 Total revenue$189,981
XI-2 Total expenses$217,414
XI-3 Revenue less expenses−$27,433
XI-4 Net assets at start of year−$505,712
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$533,145

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

Similar organizations you could support · Compare with another nonprofit

Names, privacy, and removal requests More

The names, titles, and compensation shown on this page are reproduced from IRS Form 990 filings, which are public records.

Philanthropy.org does not alter the content of those filings. All information appears exactly as reported by the filing organization for the tax year shown.

We publish only information contained in the public IRS filing — and less than the filing contains. Our profile pages do not display street addresses, telephone numbers, personal email addresses, or other personal contact information, even where the filing includes them.

Many people share the same name. A name shown on this page reflects only what one organization reported in one IRS filing for one tax year. It should not be interpreted as identifying any other individual with the same or a similar name.

If you are no longer affiliated with the organization, your name will generally stop appearing in future IRS filings once the organization no longer reports you. Pages for tax years in which you were reported remain published because those filings remain part of the public record.

Philanthropy.org does not alter or remove IRS filing records. Removing a page from this website would not remove the underlying IRS filing, which remains publicly available from the IRS and other publishers of the same information.

If you believe the IRS filing itself is inaccurate, corrections must be made by the filing organization or the IRS directly.

If you ARE the filing organization, claim this org and add context

Made it to the end? Claim this organization

All figures are derived from public IRS Form 990 filings and are presented without evaluation of any organization. philanthropy.org does not rate, score, or rank organizations, including the pay comparisons above.