BLUE RIVER CHURUBUSCO INC

EIN: 264432553 501(c)(3) Housing & Shelter

SOUTH BEND, IN

Total Revenue
$191,275
Total Expenses
$227,394
Total Assets
$1,636,664
Net Assets
$1,609,515
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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year
2009
Legal Domicile
IN
Principal Officer
ESTHER SMITH
Phone
5742376000
Tax Period
2023-01-01 to 2023-12-31

BLUE RIVER CHURUBUSCO INC, founded in 2009, is a small nonprofit in the Housing & Shelter sector that reported $191K in total revenue in fiscal year 2023. Revenue grew 10% year-over-year, indicating healthy expansion. Expenses of $227K exceeded revenue, resulting in a 19% operating deficit.

Mission

THE INDIANA NOT FOR PROFIT CORPORATION WAS ORGANIZED TO CONSTRUCT, OWN AND OPERATE A 22 UNIT APARTMENT COMMUNITY IN CHURUBUSCO, INDIANA KNOWN AS BLUE RIVER CHURUBUSCO. IT WAS ORGANIZED PURSUANT TO SECTION 202 OF THE NATIONAL 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 FAMILES (OR PERSONS) AS PROVIDED BY THE SECTION 8 OF THE NATIONAL HOUSING ACT.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $82,521
Program Service Revenue $105,772
Investment Income $55
Other Revenue $2,927
TOTAL REVENUE $191,275

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $162,508
Other Expenses $227,394
TOTAL EXPENSES $227,394

Year-over-Year Comparison

2023 2022 Change
Revenue $191,275 $173,821 +0.1%
Expenses $227,394 $231,642 0.0%
Net Income $-36,119 $-57,821 -0.4%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
N/A
Volunteers
9

Governance Policies

✓ Conflict of Interest Policy
✗ Whistleblower Policy
✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School
✗ Operated a Hospital
✗ Provided First Class Travel
✗ Reported Conflict of Interest
✗ Reported Asset Diversion
✗ Excess Benefit Transaction
✗ Made Political Expenditures
✗ Engaged in Lobbying
✗ Operated Donor Advised Fund
✗ Maintained Art Collections
✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
3
$0
Total Directors
9
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ESTHER SMITH PRESIDENT 0.50
Officer Director
$0 $0 $0
DICK BUCHANAN VICE PRESIDENT 0.50
Officer Director
$0 $0 $0
PHYLLIS GATES SECRETARY/TREASURER 0.50
Officer Director
$0 $0 $0
JANNELLE SMITH DIRECTOR 0.50
Director
$0 $0 $0
JEFF WALKER DIRECTOR 0.50
Director
$0 $0 $0
DOUG LUCKER DIRECTOR 0.50
Director
$0 $0 $0
CARL SILER DIRECTOR 0.50
Director
$0 $0 $0
BILL OVERDEER DIRECTOR 0.50
Director
$0 $0 $0
JACK GREEN DIRECTOR 0.50
Director
$0 $0 $0
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $191,275 $227,394 $1,636,664 $-36,119
2022 $173,821 $231,642 $1,683,065 $-57,821
2021 $164,982 $228,259 $1,730,540 $-63,277
2020 $160,132 $209,883 $1,784,527 $-49,751
2019 $141,651 $194,707 $1,832,593 $-53,056
2018 $154,923 $188,940 $1,885,712 $-34,017
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