Blue River Churubusco Inc.
Blue River Churubusco Inc.
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About this organization
Revenue
$154,923
Expenses
$188,940
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.
About
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.
Interesting data from their 2020 990 filing
The filing clearly states the mission of the non-profit as “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.”.
When outlining its functions, they were explained as: “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.”.
- In compliance with legal regulations, the non-profit has reported their state of operation as IN.
- The filing records the non-profit's address for 2020 as 904 BLUE RIVER DRIVE, COLUMBIA CITY, IN, 46725.
- As of 2020, the non-profit's form reports a total of 0 employees.
- Is not a private foundation.
- Expenses are between $100,000 and $250,000.
- Revenue is between $100,000 and $250,000.
- Revenue less expenses is -$34,017.
- The organization has 8 independent voting members.
- The organization was formed in 2009.
- The organization pays $0 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
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