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← SOLID ROCK COMMUNITY DEVELOPMENTCORPORATION

Form 990 for tax year 2024

Filed by SOLID ROCK COMMUNITY DEVELOPMENTCORPORATION.

Totals

Total revenue
$819,386
Total expenses
$951,090
Contributions and grants received
$816,845
Grants paid
$0
Program service revenue
$0
Investment income
$23,841
Other revenue
-$21,300
Total assets, end of year
$5,864,514
Total liabilities, end of year
$2,591,115
Net assets or fund balances, end of year
$3,273,399
Program services expenses (Part IX)
$758,876
Management and general expenses
$164,096
Fundraising expenses
$28,118
Program service expenses (Part III)
$758,876

Program services were 79.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $0

  • 1b · Membership dues

    $0

  • 1c · Fundraising events

    $0

  • 1d · Related organizations

    $0

  • 1e · Government grants (contributions)

    $0

  • 1f · All other contributions, gifts and grants

    $816,845

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $23,841 · related or exempt $23,841 · unrelated business $0 · excluded $0

  • 4 · Income from investment of tax-exempt bond proceeds

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 5 · Royalties

    total $0 · related or exempt $0 · unrelated business $0 · excluded $0

  • 6a · Gross rents

    real property $141,400 · personal property $0

  • 6b · Less rental expenses

    real property $162,700 · personal property $0

  • 6c · Rental income or loss

    real property -$21,300 · personal property $0

  • 6d · Net rental income or loss

    total -$21,300 · related or exempt -$21,300 · unrelated business $0 · excluded $0

  • 7c · Gain or loss

    securities $0 · other assets $0

  • 8a · Fundraising events: contributions included on line 1c

    $0

  • 11e · Other revenue, total

    $0

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $193,797 · program services $170,541 · management and general $23,256

  • 10 · Payroll taxes

    total $15,085 · program services $12,822 · management and general $2,263

  • 11a · Fees: management

    total $157,494 · program services $125,995 · management and general $23,624 · fundraising $7,875

  • 11b · Fees: legal

    total $8,223 · management and general $8,223

  • 11c · Fees: accounting

    total $12,350 · management and general $12,350

  • 12 · Advertising and promotion

    total $10,593 · management and general $5,297 · fundraising $5,296

  • 13 · Office expenses

    total $23,540 · program services $18,832 · management and general $4,708

  • 14 · Information technology

    total $13,308 · program services $6,654 · management and general $6,654

  • 16 · Occupancy

    total $144,715 · program services $115,772 · management and general $28,943

  • 17 · Travel

    total $20,840 · program services $4,168 · management and general $6,252 · fundraising $10,420

  • 19 · Conferences, conventions and meetings

    total $45,269 · program services $31,688 · management and general $9,054 · fundraising $4,527

  • 21 · Payments to affiliates

    total $7,662 · program services $7,662

  • 22 · Depreciation, depletion and amortization

    total $182,598 · program services $155,208 · management and general $27,390

  • 23 · Insurance

    total $5,823 · program services $4,950 · management and general $873

  • 24a · Other expenses: Food Supplies

    total $59,727 · program services $59,727 · management and general $0 · fundraising $0

  • 24b · Other expenses: Dues and Subscriptions

    total $6,013 · program services $3,007 · management and general $3,006 · fundraising $0

  • 24c · Other expenses: Equipment (non-capital)

    total $44,053 · program services $41,850 · management and general $2,203 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $2,217,316 · end of year $303,810

  • 2 · Savings and temporary cash investments

    end of year $1,802,450

  • 10a · Land, buildings and equipment: cost or other basis

    $4,151,555

  • 10b · Land, buildings and equipment: accumulated depreciation

    $396,301

  • 10c · Land, buildings and equipment, net

    beginning of year $3,822,890 · end of year $3,755,254

  • 15 · Other assets

    beginning of year $3,000 · end of year $3,000

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,153 · end of year $753

  • 23 · Secured mortgages and notes payable

    beginning of year $2,119,350 · end of year $2,072,762

  • 25 · Other liabilities

    beginning of year $517,600 · end of year $517,600

  • 27 · Net assets without donor restrictions

    beginning of year $241,300 · end of year $252,972

  • 28 · Net assets with donor restrictions

    beginning of year $3,163,803 · end of year $3,020,427

Mission and programs · 2024

Mission

We are working to build a diverse Southeast Colorado Springs economy that emphasizes the creation of more affordable housing small business development and investment in healthy community environments. Our goal is to address and dismantle concentrated poverty in the Southeast through leading and building strong partnerships that invest in projects that improve our southeast economy and the quality of life for Southeast communities. We Build a self sustaining economy that is connected to the larger regional economy. We support policies and systems that help businesses and communities thrive. We Create job opportunities to bring individuals and families out of poverty. We invest in businesses housing and other community infrastructure to promote economic health and safety for individuals and communities.

Activities or mission (Part I)

Business Development Solid Rock CDC community economic development efforts are targeted to assure that the development of businesses and jobs for SE Colorado Springs align with the economic growth, development and jobs of Colorado Springs. We believe that it is essential that the economy of the SE move from one of high levels of government support to sustainability from increase jobs and improved community infrastructure. Affordable Housing A lack of affordable housing is a significant obstacle to citizens of SE Colorado Springs who are in the process of economic development. Because factors such as race, ethnicity, and social status put many SE residents at a disadvantage when seeking housing, Solid Rock CDC is committed to take the initiative in establishing relationships with landlords, developers, community organizations, and government agencies to address the need for affordable housing in SE Colorado Springs

  • To build a diverse Southeast Colorado Springs economy that emphasizes the importance of affordable housing, small business development and healthy community environments.

    Expenses $607,101 · Revenue $649,399

  • We are working to build and invest in the creation of healthy community environments through programs and developmental opportunities to young business professionals. We are constructing space that allows for teaching business practices and sharing work space for those who want to equip themselves to contribute to the community through their vocation. This is done through class space as well as civic ambassador programs.

    Expenses $151,775 · Revenue $162,350

As filed on the 2024 return.

Listed in Part VII

  • Benjamin Anderson

    Executive Director

    Total calculated
    $90,000
    From this org
    $90,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Wanda Anderson

    Member

    Total calculated
    $0
    Hours/week
    2

  • John Conway

    President

    Total calculated
    $0
    Hours/week
    1

  • Demitta Clausell-Reesee

    Member

    Total calculated
    $0
    Hours/week
    1

  • Shawn Gullixson

    Member

    Total calculated
    $0
    Hours/week
    1

  • Tony Exum

    Member

    Total calculated
    $0
    Hours/week
    1

  • George Houston

    Member

    Total calculated
    $0
    Hours/week
    1

  • Greg Luczak

    Member

    Total calculated
    $0
    Hours/week
    1

  • Mary Coleman

    Chair

    Total calculated
    $0
    Hours/week
    2

  • Juaquin Mobley

    Vice Chair

    Total calculated
    $0
    Hours/week
    1

  • Courtney Vance

    Treasurer

    Total calculated
    $0
    Hours/week
    2

  • Gasper Martinez

    Director

    Total calculated
    $0
    Hours/week
    1

  • Hannah Van Nimwegen-McGuire

    Director

    Total calculated
    $0
    Hours/week
    1

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Provenance

Return type
form_990
Tax year
2024
Filed
8 April 2025
IRS schema version
2024v5.0
Source object
202520989349300917

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