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STONES RIVER DEVELOPMENT CORPORATION

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Public IRS 990 nonprofit record

STONES RIVER DEVELOPMENT CORPORATION

EIN 82-3187371 · Housing Support (L80)

What they do

ASSIST LOW and MODERATE INCOME INDIVIDUALS & THEIR FAMILES IN OBTAINING ADEQUATE HOUSING WHICH THEY WOULD NOT BE ABLE to AFFORD WITHOUT ASSISTANCE or SUPPORT. FINANCE, CONSTRUCT, LEASE, OPERATE and ACT AS THE DEVELOPER of AFFORDABLE HOUSING. PROVIDE SUPPORTIVE SERVICES and COMMUNITY DEVELOPMENT ACTIVITIES to BENEFIT LOW and MODERATE INCOME INDIVIDUALS and FAMILIES.

Before you give

Should I give to this charity?

Easy charity check
Look at where the money went

Of every $100 spent, about $87.10 was reported for mission work. Use the spending picture below and ask what results that work produced.

Plain answer: A tax form cannot prove that a charity is doing good. It can show how the charity says it spent its money—and point out questions you should ask.

Basic facts we verified

IRS warning checkNo IRS revocation warning appears in this data.

Money report from 2024The charity has a recent tax report to read.

They explain their jobThe charity tells us what it is trying to do.

They name their leaders6 people are listed in the latest report.

You can reach themThey list contact information, so you can ask questions.

Money made simple

$87.10of every $100 spent was reported for mission workThe IRS calls this “program services.”
$188.78spent for every $100 of revenueSpending was higher than revenue this year.
$12.90of every $100 spent was reported for management and office costsThis number alone does not tell us how much good they did.
$57.46in assets for every $1 spent this yearSome assets cannot be spent right away.

Ask these three easy questions

  1. Who did you help? Ask for a recent story or report that shows real results.
  2. What will my money do? Ask exactly what your gift will pay for.
  3. Is this really the charity? Give only through its official website or confirmed phone number.

Worth asking: Expenses exceeded revenue by $168,516 this year. Ask whether that was planned or caused by a one-time event.

Pay context: The highest compensation shown in this filing is $29,224 for L THOMAS ROWE (EXECUTIVE DIRECTOR). Compare pay with organizations of similar size and complexity.

Bottom line: Do not decide from a name, mission statement, or tax status alone. Look at where the money went, then ask what changed, who was helped, and what your gift will do. YouCanGiveBack does not endorse or grade organizations.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Where each $100 went

These are the charity’s reported Form 990 spending categories.

Mission workProgram services$87.10
ManagementOffice and general costs$12.90
FundraisingAsking for donations$0.00

Has the pattern changed?

Each bar shows the share of annual spending reported for mission work, management, and fundraising.

202487.1% mission
202387.8% mission
202293.1% mission
202198.2% mission
202085.0% mission
201985.0% mission
201885.0% mission

Money in and money out

Revenue$189,803
Expenses$358,319
Annual shortfall $168,516 Expenses were higher than revenue for this filing year.

Reported spending amounts

Mission work means the Form 990 category called program services. These are reported accounting categories—not an independent measurement of results.

Mission work (program services)$312,105 · 87.1% of expenses
Management and office costs$46,214 · 12.9% of expenses
See all reported dollar amounts
Revenue$189,803
Expenses$358,319
Assets$20,589,124
Income$189,803
Mission work (program services)$312,105
Management and general$46,214
Accounting fees$6,946
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
L THOMAS ROWEEXECUTIVE DIRECTOR $29,224Base · Other $29,224

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (6)

L THOMAS ROWEEXECUTIVE DIRECTOR

BETTY HORDVICE CHAIRPERSON

CHARLIE L TEASLEYCHAIRMAN

MARK CROCKERDIRECTOR

MICHELLE THOMASDIRECTOR

SONYA WRIGHTDIRECTOR

About this charity

Recognized since
January 2018
Location
415 N MAPLE STREET, MURFREESBORO, TN 37130
County
Rutherford
In care of
KRIS LORD
Primary officer
KRIS LORD, COO

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
April 1, 2024
Return type
990
Tax preparer
SMITH MARION & CO
NTEE classification
Housing Support (L80)
IRS tax category
Housing Support

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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