BLUE RIVER INC

EIN: 351454609

SOUTH BEND, IN

Total Revenue
$353,151
Total Expenses
$311,031
Total Assets
$557,214
Net Assets
$240,774
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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
1969
Legal Domicile
IN
Principal Officer
ESTHER SMITH
Phone
5742376000
Tax Period
2023-01-01 to 2023-12-31

BLUE RIVER INC, founded in 1969, is a small nonprofit that reported $353K in total revenue in fiscal year 2023. Expenses of $311K left a modest 12% surplus.

Mission

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.

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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 $166,237
Program Service Revenue $178,145
Investment Income $2,755
Other Revenue $6,014
TOTAL REVENUE $353,151

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $190,721
Other Expenses $311,031
TOTAL EXPENSES $311,031

Year-over-Year Comparison

2023 2022 Change
Revenue $353,151 $346,423 +0.0%
Expenses $311,031 $291,813 +0.1%
Net Income $42,120 $54,610 -0.2%
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
CARL SILER DIRECTOR 0.50
Director
$0 $0 $0
DOUG LUCKER DIRECTOR 0.50
Director
$0 $0 $0
JEFF WALKER DIRECTOR 0.50
Director
$0 $0 $0
BILL OVERDEER DIRECTOR 0.50
Director
$0 $0 $0
JANNELLE SMITH 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 $353,151 $311,031 $557,214 $42,120
2022 $346,423 $291,813 $570,827 $54,610
2021 $312,080 $259,769 $567,454 $52,311
2020 $308,018 $271,072 $560,718 $36,946
2019 $300,312 $262,702 $553,945 $37,610
2018 $291,994 $283,451 $559,204 $8,543
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