BLUE RIVER II INC

EIN: 371450558 501(c)(3) Housing & Shelter

SOUTH BEND, IN

Total Revenue
$189,981
Total Expenses
$217,414
Total Assets
$862,606
Net Assets
$-533,145
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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
2002
Legal Domicile
IN
Principal Officer
ESTHER SMITH
Phone
5742376000
Tax Period
2024-01-01 to 2024-12-31

BLUE RIVER II INC, founded in 2002, is a small nonprofit in the Housing & Shelter sector that reported $190K in total revenue in fiscal year 2024. Revenue grew 9% year-over-year, indicating healthy expansion. Expenses of $217K exceeded revenue, resulting in a 14% operating deficit.

Mission

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.

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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 (2024)

Revenue Breakdown

Contributions & Grants $84,951
Program Service Revenue $103,579
Investment Income $26
Other Revenue $1,425
TOTAL REVENUE $189,981

Expense Breakdown

Grants Paid $0
Salaries & Benefits $0
Fundraising Expenses $0
Program Expenses $133,273
Other Expenses $217,414
TOTAL EXPENSES $217,414

Year-over-Year Comparison

2024 2023 Change
Revenue $189,981 $174,293 +0.1%
Expenses $217,414 $199,980 +0.1%
Net Income $-27,433 $-25,687 +0.1%
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
8
Independent Members
8
Employees
N/A
Volunteers
8

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
8
$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
JEFF WALKER DIRECTOR 0.50
Director
$0 $0 $0
BILL OVERDEER DIRECTOR 0.50
Director
$0 $0 $0
JANELLE 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 $189,981 $217,414 $862,606 $-27,433
2023 $174,293 $199,980 $898,377 $-25,687
2022 $162,692 $192,166 $934,548 $-29,474
2021 $159,919 $179,152 $931,310 $-19,233
2020 $143,393 $150,813 $945,280 $-7,420
2019 $143,457 $169,038 $948,030 $-25,581
2018 $140,684 $166,119 $976,087 $-25,435
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