2025-10-29T07:34:18-05:00 2024-12-31 351750664 DAUBY O'CONNOR & ZALESKI LLC 501 CONGRESSIONAL BLVD 300 CARMEL IN 46032 990 2024-01-01 371450558 BLUE RIVER II INC BLUE 5742376000 PO BOX 540 SOUTH BEND IN 46624 RODNEY LUDWIG DIRECTOR 5742376000 2025-10-28 1 0 MICHAEL BREINING P01736574 3178485700 2024 2025-03-06 01:10:19Z ESTHER SMITH PO BOX 540 SOUTH BEND IN 46624 189981 0 X N/A X 2002 IN 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. 8 8 0 8 0 0 71845 84951 100501 103579 44 26 1903 1425 174293 189981 0 0 0 0 0 0 0 0 0 199980 217414 199980 217414 -25687 -27433 898377 862606 1404089 1395751 -505712 -533145 X 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. 0 0 133273 103579 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. 133273 1 1 0 0 0 0 0 0 0 0 1 0 1 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 4 0 1 0 0 0 0 0 0 0 0 0 0 0 X 8 8 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 0 0 0 0 0 X RODNEY LUDWIG 5742376000 112 WEST JEFFERSON BLVD SUITE 300 SOUTH BEND IN 46601 X X ESTHER SMITH PRESIDENT 0.50 1.00 X X 0 0 0 DICK BUCHANAN VICE PRESIDENT 0.50 1.00 X X 0 0 0 PHYLLIS GATES SECRETARY/TREASURER 0.50 1.00 X X 0 0 0 CARL SILER DIRECTOR 0.50 1.00 X 0 0 0 JEFF WALKER DIRECTOR 0.50 1.00 X 0 0 0 BILL OVERDEER DIRECTOR 0.50 1.00 X 0 0 0 JANELLE SMITH DIRECTOR 0.50 1.00 X 0 0 0 JACK GREEN DIRECTOR 0.50 1.00 X 0 0 0 0 0 0 0 0 0 0 0 84951 84951 RENTAL INCOME 531110 103579 103579 103579 26 26 LAUNDRY & VENDING 531110 1241 1241 TENANT CHARGES 531110 184 184 1425 189981 103579 0 1451 18168 18168 11761 11761 1155 1155 7018 7018 84759 84759 39290 39290 363 363 MANAGEMENT COMPANY EMPL 21836 21836 SERVICE COORDINATOR 17763 17763 MANAGEMENT COMPANY EMPL 8850 8850 BAD DEBT EXPENSE 5241 5241 1210 11 1199 217414 133273 84141 0 22902 27698 5980 556 2508 309 1452497 709099 777623 743398 70645 71743 18719 18902 898377 862606 24740 17239 8422 7395 1357300 1357300 13627 13817 1404089 1395751 X -505712 -533145 -505712 -533145 898377 862606 -27433 0 X X 0 1 X 1 1 1 X 62951 74354 72104 71845 84951 366205 78968 84193 89217 100501 103579 456458 141919 158547 161321 172346 188530 822663 0 0 0 822663 107 8 26 44 26 211 107 8 26 44 26 211 1367 1364 1345 1903 1425 7404 143393 159919 162692 174293 189981 830278 0.99080 0.98840 0.00030 0.00080 X SCHEDULE A, PART III, LINE 12: MISCELLANEOUS INCOME CONSISTS OF TENANT CHARGES, LAUNDRY AND VENDING CHARGES AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR THE CONVENIENCE OF THE TENANTS. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 20000 20000 1364011 659367 704644 64248 47644 16604 4238 2088 2150 743398 RESERVE REPLACEMENT FUND 71743 C 71743 SECURITY DEPOSITS 7686 RESIDUAL RECEIPTS 6131 13817 X 189981 0 189981 0 189981 223960 6546 6546 217414 0 217414 PART X, LINE 2: THE CORPORATION IS EXEMPT FROM FEDERAL INCOME TAX UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE AND STATE INCOME TAX AND HAS BEEN CLASSIFIED AS AN OTHER THAN PRIVATE FOUNDATION. ACCORDINGLY, NO PROVISION FOR FEDERAL AND STATE TAXES ON REVENUE AND INCOME HAS BEEN RECOGNIZED IN THE ACCOMPANYING FINANCIAL STATEMENTS. GENERALLY, THE FEDERAL AND STATE TAX RETURNS WERE SUBJECT TO EXAMINATIONS FROM THE THREE YEARS AFTER THE LATER OF THE ORIGINAL OR EXTENDED DUE DATE OR THE DATE FILED WITH THE APPLICABLE TAX AUTHORITY. PART XII, LINE 2D - OTHER ADJUSTMENTS: BOOK/TAX DEPRECIATION EXPENSE DIFFERENCE 6,546. FORM 990, PART VI, SECTION A, LINE 3 BLUE RIVER II, INC. IS MANAGED BY BRADLEY RESIDENTIAL MANAGEMENT CORPORATION, A PROFESSIONAL PROPERTY MANAGEMENT COMPANY. BRADLEY RESIDENTIAL MANAGEMENT CORPORATION HAS A PROJECT OWNER'S AND MANAGEMENT AGENT'S CERTIFICATION FOR MULTIFAMILY HOUSING PROJECTS WITH THE U.S. DEPARTMENT OF HOUSING AND URBAN DEVELOPMENT. UNDER THIS CERTIFICATION, HUD HAS APPROVED BRADLEY RESIDENTIAL MANAGEMENT CORPORATION TO MANAGE THE BLUE RIVER APARTMENT COMMUNITY. THE MANAGEMENT CONTRACT ENCOMPASSES THE DAY TO DAY OPERATIONS OF THE PROJECT INCLUDING, BUT NOT LIMITED TO, COLLECTION OF RENTS, MAINTENANCE OF FACILITIES, SUPERVISION OF STAFF, AND ONGOING SUPPORT FOR BOTH THE OWNERS AND TENANTS AS NEEDED IN ORDER TO ESTABLISH A SAFE, SANITARY AND AFFORDABLE ENVIRONMENT. FORM 990, PART VI, SECTION A, LINE 6 THE CORPORATION SHALL HAVE ONE CLASS OF MEMBERS. MEMBERS MAY BE INDIVIDUALS OR ORGANIZATIONS. ANY LEGALLY COMPETENT PERSON OF GOOD REPUTATION WHO RESIDES IN WHITLEY COUNTY, WHO APPLIES FOR MEMBERSHIP SHALL BE ELIGIBLE. FORM 990, PART VI, SECTION A, LINE 7A MEMBERS MAY BE ELECTED AT ANY MEETING OF THE MEMBERS OR AT ANY MEETING OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 7B EACH MEMBER SHALL BE ENTITLED TO ONE VOTE ON EACH MATTER SUBMITTED TO A VOTE OF THE MEMBERS. FORM 990, PART VI, SECTION B, LINE 11B THE AUDITING FIRM SENDS A DRAFT OF THE RETURN TO THE MANAGEMENT COMPANY. THE MANAGEMENT COMPANY PRESENTS THE 990 AT THE BOARD MEETING FOR THEIR REVIEW. ONCE THE BOARD HAS AN OPPORTUNITY TO ASK QUESTIONS, THE BOARD APPROVES THE FORM 990 AND THE PRESIDENT GIVES APPPROVAL TO FILE THE RETURN. FORM 990, PART VI, SECTION B, LINE 12C BOARD MEMBERS SIGN OFF ON THE POLICY ANNUALLY AND ABSTAIN FROM ANY VOTING WHERE A CONFLICT OF INTEREST COULD EXIST. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION DOES NOT COMPENSATE OFFICERS OR DIRECTORS (SEE PAGE 7, PART VII). IF THE ORGANIZATION REVISES THEIR POSITION ON COMPENSATION OF OFFICERS AND DIRECTORS, AN ADDITIONAL POLICY WILL BE DRAFTED AT THAT TIME. FORM 990, PART VI, SECTION C, LINE 19 EXISTING POLICIES, RETURNS AND FINANCIAL STATEMENTS ARE MAINTAINED AT THE OFFICES OF THE MANAGEMENT COMPANY. THESE DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST. FORM 990, PART VII, SECTION A, LINE 1A, COLUMN B: ALL OF THE OFFICERS, DIRECTORS, AND EMPLOYEES LISTED IN PART VII, SECTION A PERFORM SIMILAR DUTIES AND HAVE SIMILAR RESPONSIBILITIES FOR RELATED ORGANIZATIONS AS THEY DO FOR THIS ORGANIZATION. THEIR TOTAL HOURS WORKED PER WEEK FOR THIS ORGANIZATION ARE SIMILAR TO THEIR HOURS WORKED FOR RELATED ORGANIZATIONS BOTH IN TERMS OF NUMBER OF HOURS AND TYPE OF WORK PERFORMED. FORM 990, PART XII, LINE 2C: THE MANAGEMENT COMPANY RECEIVES A COPY OF THE AUDIT. PRIOR TO THE FINALIZATION OF THE AUDIT, A COPY OF THE AUDIT IS GIVEN TO ALL OF THE BOARD MEMBERS FOR THEIR COMMENTS. WHEN THE AUDIT IS UP FOR BID, THE BOARD DISCUSSES THE RELATIONSHIP WITH THE CURRENT AUDITORS AND MAKES A DETERMINATION AS TO WHETHER TO MAINTAIN THIS RELATIONSHIP OR CHANGE TO A NEW AUDITING FIRM. BLUE RIVER INC PO BOX 540 SOUTH BEND IN 46624 351454609 LOW-INCOME SENIOR HOUSING IN 501(C)(4) BLUE RIVER SENIOR HOUSING INC 0 BLUE RIVER SENIOR HOUSING INC PO BOX 540 SOUTH BEND IN 46624 383668690 DEVELOPMENT OF LOW-INCOME HOUSING IN 501(C)(3) 170(B)(1)(A)(VI) GREATER SOUTH BEND HOUSING CORPORATION 0 BLUE RIVER CHURUBUSCO INC 904 BLUE RIVER DRIVE COLUMBIA CITY IN 46725 264432553 LOW-INCOME SENIOR HOUSING IN 501(C)(3) 509(A)(2) BLUE RIVER SENIOR HOUSING INC 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0