Solid Rock Community Developmentcorporation
- Assets
- $4.7m
- Revenue
- $2.4m
- Investments
- $0.0
- Employees
- 2
- Location
- Colorado Springs, CO
- Founding
- 03/2019
- Data as of
- 12/2022
- EIN
- 26-0381727
Organization Overview
Solid Rock Community Developmentcorporation is located in Colorado Springs, CO. The organization was established in 2019. According to its NTEE Classification (P50) the organization is classified as: Personal Social Services, under the broad grouping of Human Services and related organizations. As of 12/2022, Solid Rock Community Developmentcorporation employed 2 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Solid Rock Community Developmentcorporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Solid Rock Community Developmentcorporation generated $2.4m in total revenue. This organization has experienced exceptional growth, as over the past 5 years, it has increased revenue by an average of 59.0% each year . All expenses for the organization totaled $977.6k during the year ending 12/2022. While expenses have increased by 54.1% per year over the past 5 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
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
Describe the Organization's Program Activity:
Part 3 - Line 4a
TO BUILD A DIVERSE SOUTHEAST COLORADO SPRINGS ECONOMY THAT EMPHASIZES THE IMPORTANCE OF AFFORDABLE HOUSING, SMALL BUSINESS DEVELOPMENT AND HEALTHY COMMUNITY ENVIRONMENTS.
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Benjamin Anderson Executive Director | OfficerTrustee | 35 | $72,000 |
John Conway President | OfficerTrustee | 2 | $0 |
Wanda Anderson Member | Trustee | 3 | $0 |
Demitta Clausell-Reesee Member | Trustee | 2 | $0 |
Shelly Crouch Member | Trustee | 1 | $0 |
Tony Exum Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,423,942 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,423,942 |
| Total Program Service Revenue | $0 |
| Investment income | $0 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $83 |
| Net Rental Income | $17,412 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,441,437 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $130,577 |
| Compensation of current officers, directors, key employees. | $15,669 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $10,415 |
| Fees for services: Management | $245,374 |
| Fees for services: Legal | $10,235 |
| Fees for services: Accounting | $12,022 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $11,362 |
| Office expenses | $15,021 |
| Information technology | $9,889 |
| Royalties | $0 |
| Occupancy | $48,705 |
| Travel | $14,565 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $74,481 |
| Interest | $0 |
| Payments to affiliates | $3,385 |
| Depreciation, depletion, and amortization | $173,181 |
| Insurance | $9,594 |
| All other expenses | $0 |
| Total functional expenses | $977,617 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,266,009 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,000 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $3,390,444 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $3,000 |
| Total assets | $4,668,453 |
| Accounts payable and accrued expenses | $596 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,130,000 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $17,600 |
| Total liabilities | $2,148,196 |
| Net assets without donor restrictions | $180,887 |
| Net assets with donor restrictions | $2,339,370 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $4,668,453 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Solid Rock Community Developmentcorporation has recieved totaling $90,000.
| Awarding Organization | Amount |
|---|---|
Colorado Springs Health Foundation Colorado Springs, CO | | $50,000 |
Pikes Peak Community Foundation Colorado Springs, CO PURPOSE: HISTORICAL - HUMAN SERVICES | $40,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
S T A R-Stand Together And Recover Centers Inc Phoenix, AZ | $2,420,391 | $5,183,120 |
Disability Services Inc Colorado Springs, CO | $2,878,112 | $4,719,604 |
Oklahoma Child Care Resource And Referral Association Oklahoma City, OK | $0 | $4,378,557 |
Desert Ridge Community Association Scottsdale, AZ | $3,543,697 | $3,296,119 |
Secured Futures Inc Phoenix, AZ | $185,635 | $2,871,962 |
Live The Victory Inc Fort Collins, CO | $1,763,007 | $3,043,758 |
United For A New Economy Commerce City, CO | $4,591,264 | $3,811,746 |
Womens Health Innovations Of Arizona Gilbert, AZ | $408,114 | $1,330,151 |
Aurora Community Connection Aurora, CO | $928,672 | $1,157,998 |
Refugee Empowerment Center Omaha, NE | $820,481 | $1,328,432 |
3ho Foundation International Santa Cruz, NM | $802,690 | $478,527 |
Iamheart Inc Tucson, AZ | $385,184 | $870,948 |