BLUE RIVER CHURUBUSCO INC
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.
Financials
| Year | Revenue | Expenses | Assets |
|---|---|---|---|
| 2023 | $191k | $0 | $1.6M |
Compensation
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