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Stones River Development Corporation

Organization summary

Type of Nonprofit

Designated as a Organizations for any of the following purposes: religious, educational, charitable, scientific, literary, testing for public safety, fostering national or international amateur sports competition (as long as it doesn't provide athletic facilities or equipment), or the prevention of cruelty to children or animals.

Category: Housing, Shelter / Housing Support Services -- Other (NTEE)

Donations to this organization are tax deductible.

Summary charts: organization finances over time

Revenue
$1.85M (2024)

Expenses
$266k (2024)

Total Assets
$19.3M (2024)

Total Liabilities
$66.3k (2024)

Source: Form 990 tax filings from 2018 to 2024

Tax Filings by Year

Form 990 is an information return that most organizations claiming federal tax-exempt status must file yearly with the IRS. Nonprofit Explorer has IRS digitized Form 990 data for filings processed in 2012 and later. If this organization filed an amended return, it may not be reflected below. Duplicate download links may indicate a resubmission or amendment to this organization's original return. Form 990 data is from the IRS.

Fiscal Year Ending March
2024

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,847,020
Expenses
$265,634
Net Income
$1,581,386
Net Assets
$19,195,223
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,227,056
66.4%
Program Services $96,186
5.2%
Investment Income $523,633
28.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $145
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $28,789
10.8%
Assets/Debt
Total Assets $19,261,508
Total Liabilities $66,285
Net Assets $19,195,223
Compensation
Key Employees and Officers Compensation Related Other
Charlie L Teasley (Chairman) $0 $0 $0
Betty Hord (Vice Chairperson) $0 $0 $0
Michelle Thomas (Director) $0 $0 $0
Mark Crocker (Director) $0 $0 $0
Sonya Wright (Director) $0 $0 $0
L Thomas Rowe (Executive Director) $0 $203,060 $50,887

Document Links

Fiscal Year Ending March
2023

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$1,798,597
Expenses
$160,581
Net Income
$1,638,016
Net Assets
$17,613,837
Notable Sources of Revenue Percent of Total Revenue
Contributions $1,452,308
80.7%
Program Services $95,569
5.3%
Investment Income $250,315
13.9%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $405
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $18,271
11.4%
Assets/Debt
Total Assets $17,629,806
Total Liabilities $15,969
Net Assets $17,613,837
Compensation
Key Employees and Officers Compensation Related Other
Charlie L Teasley (Chairman) $0 $0 $0
Betty Hord (Vice Chairperson) $0 $0 $0
Michelle Thomas (Director) $0 $0 $0
Mark Crocker (Director) $0 $0 $0
Sonya Wright (Director) $0 $0 $0
L Thomas Rowe (Executive Director) $0 $174,586 $34,082

Document Links

Fiscal Year Ending March
2022

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$139,146
Expenses
$2,739,446
Net Income
-$2,600,300
Net Assets
$15,975,821
Notable Sources of Revenue Percent of Total Revenue
Contributions $0
Program Services $95,300
68.5%
Investment Income $43,816
31.5%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $30
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $17,866
0.7%
Assets/Debt
Total Assets $15,999,619
Total Liabilities $23,798
Net Assets $15,975,821
Compensation
Key Employees and Officers Compensation Related Other
Charlie L Teasley (Chairman) $0 $0 $0
Betty Hord (Vice Chairperson) $0 $0 $0
Michelle Thomas (Director) $0 $0 $0
Mark A Pirtle (Director) $0 $0 $0
Sonya Wright (Director) $0 $0 $0
L Thomas Rowe (Executive Director) $0 $168,382 $33,253

Document Links

Fiscal Year Ending March
2021

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$885,921
Expenses
$161,980
Net Income
$723,941
Net Assets
$18,576,121
Notable Sources of Revenue Percent of Total Revenue
Contributions $541,281
61.1%
Program Services $94,245
10.6%
Investment Income $250,375
28.3%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $20
0.0%
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $28,555
17.6%
Assets/Debt
Total Assets $18,671,147
Total Liabilities $95,026
Net Assets $18,576,121
Compensation
Key Employees and Officers Compensation Related Other
Charlie L Teasley (Chairman) $0 $0 $0
Betty Hord (Vice Chairperson) $0 $0 $0
Michelle Thomas (Director) $0 $0 $0
Mark A Pirtle (Director) $0 $0 $0
Ricardo Jones (Director) $0 $0 $0
L Thomas Rowe (Executive Director) $0 $179,473 $0

Document Links

Fiscal Year Ending March
2020

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$961,908
Expenses
$299,385
Net Income
$662,523
Net Assets
$17,852,180
Notable Sources of Revenue Percent of Total Revenue
Contributions $484,000
50.3%
Program Services $0
Investment Income $477,908
49.7%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $7,967
2.7%
Assets/Debt
Total Assets $17,856,482
Total Liabilities $4,302
Net Assets $17,852,180
Compensation
Key Employees and Officers Compensation Related Other
Charlie L Teasley (Chairman) $0 $0 $0
Judy S Smith (Vice Chairperson) $0 $0 $0
Mark A Pirtle (Director) $0 $0 $0
Betty Hord (Director) $0 $0 $0
Ricardo Jones (Director) $0 $0 $0
L Thomas Rowe (Executive Director) $0 $153,826 $0

Document Links

Fiscal Year Ending March
2019

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$16,960,713
Expenses
$11,274
Net Income
$16,949,439
Net Assets
$17,189,657
Notable Sources of Revenue Percent of Total Revenue
Contributions $16,721,397
98.6%
Program Services $0
Investment Income $239,316
1.4%
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $5,115
45.4%
Assets/Debt
Total Assets $17,193,458
Total Liabilities $3,801
Net Assets $17,189,657
Compensation
Key Employees and Officers Compensation Related Other
Charlie L Teasley (Chairman) $0 $0 $0
Judy S Smith (Vice Chairperson) $0 $0 $0
Mark A Pirtle (Director) $0 $0 $0
Betty Hord (Director) $0 $0 $0
Ricardo Jones (Director) $0 $0 $0
L Thomas Rowe (Executive Director) $0 $149,136 $0

Document Links

Fiscal Year Ending March
2018

Extracted Financial Data

Extracted Financial Data from Form 990
Revenue
$240,218
Expenses
$0
Net Income
$240,218
Net Assets
$240,218
Notable Sources of Revenue Percent of Total Revenue
Contributions $240,218
100%
Program Services $0
Investment Income $0
Bond Proceeds $0
Royalties $0
Rental Property Income $0
Net Fundraising $0
Sales of Assets $0
Net Inventory Sales $0
Other Revenue $0
Notable Expenses Percent of Total Expenses
Executive Compensation $0
Professional Fundraising Fees $0
Other Salaries and Wages $0
Assets/Debt
Total Assets $240,218
Total Liabilities $0
Net Assets $240,218
Compensation
Key Employees and Officers Compensation Related Other
Charlie L Teasley (Chairman) $0 $0 $0
Judy S Smith (Vice Chairperson) $0 $0 $0
Edward E Miller Jr (Director) $0 $0 $0
Betty Hord (Director) $0 $0 $0
Ricardo Jones (Director) $0 $0 $0
L Thomas Rowe (Executive Director) $0 $0 $0

Document Links

About This Data

Nonprofit Explorer includes summary data for nonprofit tax returns and full Form 990 documents, in both PDF and digital formats.

The summary data contains information processed by the IRS during the 2012-2019 calendar years; this generally consists of filings for the 2011-2018 fiscal years, but may include older records. This data release includes only a subset of what can be found in the full Form 990s.

In addition to the raw summary data, we link to PDFs and digital copies of full Form 990 documents wherever possible. This consists of separate releases by the IRS of Form 990 documents processed by the agency, which we update regularly.

We also link to copies of audits nonprofit organizations that spent $750,000 or more in Federal grant money in a single fiscal year since 2016. These audits are copied from the Federal Audit Clearinghouse.

Which Organizations Are Here?

Every organization that has been recognized as tax exempt by the IRS has to file Form 990 every year, unless they make less than $200,000 in revenue and have less than $500,000 in assets, in which case they have to file form 990-EZ. Organizations making less than $50,000 don’t have to file either form but do have to let the IRS they’re still in business via a Form 990N "e-Postcard."

Nonprofit Explorer has organizations claiming tax exemption in each of the 27 subsections of the 501(c) section of the tax code, and which have filed a Form 990, Form 990EZ or Form 990PF. Taxable trusts and private foundations that are required to file a form 990PF are also included. Small organizations filing a Form 990N "e-Postcard" are not included in this data.

Types of Nonprofits

There are 27 nonprofit designations based on the numbered subsections of section 501(c) of the tax code. See the list »

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