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Nonprofiteer
← SOLID ROCK COMMUNITY DEVELOPMENTCORPORATION

Form 990 for tax year 2023

Filed by SOLID ROCK COMMUNITY DEVELOPMENTCORPORATION.

Totals

Total revenue
$2,060,455
Total expenses
$1,175,609
Contributions and grants received
$2,083,918
Grants paid
$0
Program service revenue
$0
Investment income
$341
Other revenue
-$23,804
Total assets, end of year
$6,043,206
Total liabilities, end of year
$2,638,103
Net assets or fund balances, end of year
$3,405,103
Program services expenses (Part IX)
$873,515
Management and general expenses
$252,325
Fundraising expenses
$49,769
Program service expenses (Part III)
$873,515

Program services were 74.3% 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

    $2,083,918

  • 1g · Noncash contributions included above

    $0

  • 3 · Investment income

    total $341 · related or exempt $341 · 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 $161,997 · personal property $0

  • 6b · Less rental expenses

    real property $185,801 · personal property $0

  • 6c · Rental income or loss

    real property -$23,804 · personal property $0

  • 6d · Net rental income or loss

    total -$23,804 · related or exempt -$23,804 · 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 $126,231 · program services $111,083 · management and general $15,148

  • 10 · Payroll taxes

    total $11,598 · program services $9,858 · management and general $1,740

  • 11a · Fees: management

    total $341,305 · program services $273,044 · management and general $51,196 · fundraising $17,065

  • 11b · Fees: legal

    total $32,715 · management and general $32,715

  • 11c · Fees: accounting

    total $16,438 · management and general $16,438

  • 12 · Advertising and promotion

    total $16,678 · management and general $8,339 · fundraising $8,339

  • 13 · Office expenses

    total $83,449 · program services $66,759 · management and general $16,690

  • 14 · Information technology

    total $13,288 · program services $6,644 · management and general $6,644

  • 16 · Occupancy

    total $46,450 · management and general $46,450

  • 17 · Travel

    total $33,934 · program services $6,787 · management and general $10,180 · fundraising $16,967

  • 19 · Conferences, conventions and meetings

    total $73,984 · program services $51,789 · management and general $14,797 · fundraising $7,398

  • 21 · Payments to affiliates

    total $3,700 · program services $3,700

  • 22 · Depreciation, depletion and amortization

    total $178,114 · program services $151,397 · management and general $26,717

  • 23 · Insurance

    total $4,661 · program services $3,962 · management and general $699

  • 24a · Other expenses: Equip (non-capital) R&M

    total $49,258 · program services $46,795 · management and general $2,463 · fundraising $0

  • 24b · Other expenses: Food / Program supplies

    total $139,588 · program services $139,588 · management and general $0 · fundraising $0

  • 24c · Other expenses: Dues & Subscriptions

    total $4,218 · program services $2,109 · management and general $2,109 · fundraising $0

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,266,009 · end of year $2,217,316

  • 4 · Accounts receivable

    beginning of year $9,000

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

    $4,036,593

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

    $213,703

  • 10c · Land, buildings and equipment, net

    beginning of year $3,390,444 · end of year $3,822,890

  • 15 · Other assets

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

  • 17 · Accounts payable and accrued expenses

    beginning of year $596 · end of year $1,153

  • 23 · Secured mortgages and notes payable

    beginning of year $2,130,000 · end of year $2,119,350

  • 25 · Other liabilities

    beginning of year $17,600 · end of year $517,600

  • 27 · Net assets without donor restrictions

    beginning of year $180,887 · end of year $241,300

  • 28 · Net assets with donor restrictions

    beginning of year $2,339,370 · end of year $3,163,803

Listed in Part VII

  • Benjamin Anderson

    Executive Director

    Total calculated
    $72,000
    From this org
    $72,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • Wanda Anderson

    Member

    Total calculated
    $0
    Hours/week
    3

  • John Conway

    President

    Total calculated
    $0
    Hours/week
    2

  • Demitta Clausell-Reesee

    Member

    Total calculated
    $0
    Hours/week
    2

  • Shelly Crouch

    Member

    Total calculated
    $0
    Hours/week
    2

  • Tony Exum

    Member

    Total calculated
    $0
    Hours/week
    2

  • George Houston

    Member

    Total calculated
    $0
    Hours/week
    2

  • John Rogerson

    Member

    Total calculated
    $0
    Hours/week
    2

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
2023
Filed
11 March 2024
IRS schema version
2023v4.0
Source object
202420719349301122

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