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

501(c)(3) charity; gifts are tax-deductible.
88¢ of each $1 spent went to programs.
$35K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2020 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 7
filings with a surplus
Average surplus $372K a year · 34% of revenue · last 7 filings
Fine: a surplus in 5 of the last 7 filings.
Pt I · Ln 19 · 7 filings
Spent on programs
88%
of spending
Looks good: 88% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$35K
to officers and key staff · 22% of spending
Worth a look: pay to officers and key staff is 22% of spending; over 20%.
Pt VII · Sec A
71 mo
of spending, in cash
Looks good: 71.0 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $15K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$872
0.09% of total assets
Looks good: liabilities are 0% of assets; 50% or less.
Pt X · Ln 26
Independent board members
11
of 11 voting members
Looks good: 11 of 11 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$765K
+69% vs prior year
Spent
$157K
To programs
88%
Net assets
$930K
By yearFY2019–FY2025
Revenue
$765K
FY2020▲ +69%
Tap a bar for its year
Revenue by fiscal year
FY2019$241K
FY2020$453K
FY2020$765K
FY2021$501K
FY2022$2.4M
FY2023$2.1M
FY2024$819K
FY2025$1.0M
Expenses
$157K
FY2020▼ -39%
Tap a bar for its year
Expenses by fiscal year
FY2019$113K
FY2020$259K
FY2020$157K
FY2021$374K
FY2022$978K
FY2023$1.2M
FY2024$951K
FY2025$1.1M
Net assets
$930K
FY2020▲ +189%
Tap a bar for its year
Net assets by fiscal year
FY2019$128K
FY2020$322K
FY2020$930K
FY2021$1.1M
FY2022$2.5M
FY2023$3.4M
FY2024$3.3M
FY2025$3.2M

From the FY2020 Form 990 · figures checked against the IRS filing · see the original

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You’re viewing the FY2020 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Mar 2019.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

88 cents of each dollar spent went to programs.

Program services 88% · $137K Management & general 12% · $20K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990; $35K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Director
$35,000Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A

Benjamin Anderson’s $90K as Executive Director is at the 25th percentile of top reported officer pay among 3868 $1–10M human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 1 named individual · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Benjamin Anderson$90,000$90,000$72,000$72,000$36,923$35,000

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See Solid Rock Community Developmentcorporation executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Develops businesses and affordable housing to boost SE Colorado Springs' economy and infrastructure.

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Provided by the organization

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1 program · $137K · in their own filed words · FY2020
01

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

$137Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2025
Total grants receivedfrom 1 funder$15K

By the numbers

The FY2020 990, line by line.

1The main four
Money inPt VIII
$765K
Ln 12
Gifts and grantsLn 1h$765K
Money outPt IX
$157K
Ln 25
Programscol B$137K
Managementcol C$20K
Owns and owesPt X
$930K
net assets · Ln 32
Cash and savingsLn 1–2$928K
Total assetsLn 16$931K
LiabilitiesLn 26$872
PeoplePt VI, VII
12
listed · VII A
PaidVII A1
Voting boardVI 1a11
IndependentVI 1b11
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$765K
Government grantsLn 1e$0
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Total revenueLn 12$765K
Assets in detailPt X, end of year
CashLn 1$928K
Cash and savings togetherLn 1–2$928K
Other assetsLn 15$1K
Total assetsLn 16$931K
LiabilitiesLn 26$872
Net assetsLn 32$930K
OperationsPt I, VI
EmployeesI 52
VolunteersI 65
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY20End FY20
Cash and savingsLn 1–2$322K$928K
Total assetsLn 16$322K$931K
LiabilitiesLn 26$421$872
Net assetsLn 32$322K$930K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of current officers, directors and key staffLn 5$35K$35K
Other salaries and wagesLn 7$32K$32K
Pension plan contributionsLn 8$11K$11K
Payroll taxesLn 10$3K$3K
Legal feesLn 11b$756$756
Accounting feesLn 11c$480$480
Advertising and promotionLn 12$5K$2K$2K
Office expensesLn 13$11K$6K$5K
Information technologyLn 14$235$235
OccupancyLn 16$13K$8K$5K
InsuranceLn 23$800$800
Other expenses (24a–d)Ln 24$45K$40K$5K$0
All other expensesLn 24e$0
Total functional expensesLn 25$157K$137K$20K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $1.0M$1.1M−$63K$3.2M 990 PDF
FY2024 $819K$951K−$132K$3.3M 990 PDF
FY2023 $2.1M$1.2M$885K$3.4M 990 PDF
FY2022 $2.4M$978K$1.5M$2.5M 990 PDF
FY2021 $501K$374K$127K$1.1M 990 PDF
FY2020 $453K$259K$194K$322K 990 PDF
FY2019 $241K$113K$128K$128K 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2020 990 (6 parts)
Part I · Summary $764,835 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $452,589$764,835
I-9 Program service revenue$0
I-10 Investment income$0
I-11 Other revenue$0
I-12 Total revenuePrior year $452,589$764,835
I-13 Grants and similar amounts paidPrior year $550$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $122,120$79,950
I-16a Professional fundraising fees$0
I-17 Other expensesPrior year $136,154$76,819
I-18 Total expensesPrior year $258,824$156,769
I-19 Revenue less expensesPrior year $193,765$608,066
Part VI · Governance 11 of 11 board members independent, no flags
VI-1a Voting members of the governing body11
VI-1b Independent voting members11
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $764,835 across 9 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$0
VIII-1f All other contributions, gifts and grants$764,835
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$764,835
VIII-12 Total revenueRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$764,835
Part IX · Statement of functional expenses $156,769 across 13 lines filed
IX-5 Pay of current officers, directors and key staffPrograms $34,929$34,929
IX-7 Other salaries and wagesPrograms $31,614$31,614
IX-8 Pension plan contributionsPrograms $10,735$10,735
IX-10 Payroll taxesPrograms $2,672$2,672
IX-11b Legal feesManagement $756$756
IX-11c Accounting feesManagement $480$480
IX-12 Advertising and promotionPrograms $2,500 · Management $2,276$4,776
IX-13 Office expensesPrograms $6,000 · Management $5,197$11,197
IX-14 Information technologyManagement $235$235
IX-16 OccupancyPrograms $8,480 · Management $4,633$13,113
IX-23 InsuranceManagement $800$800
IX-24 Other expenses (24a–d)Programs $40,332 · Management $5,130 · Fundraising $0$45,462
IX-24e All other expenses$0
IX-25 Total functional expensesPrograms $137,262 · Management $19,507 · Fundraising $0$156,769
Part X · Balance sheet $930,701 assets, 10 lines filed
X-1 Cash, non-interest-bearingStart of year $322,184$927,501
X-4 Accounts receivable$2,200
X-15 Other assets$1,000
X-16 Total assetsStart of year $322,184$930,701
X-17 Accounts payable and accrued expensesStart of year $421$872
X-26 Total liabilitiesStart of year $421$872
X-27 Net assets without donor restrictionsStart of year $321,763$182,044
X-28 Net assets with donor restrictionsStart of year $0$747,785
X-32 Total net assets or fund balancesStart of year $321,763$929,829
X-33 Total liabilities and net assetsStart of year $322,184$930,701
Part XI · Reconciliation of net assets $929,829 net assets at year end
XI-1 Total revenue$764,835
XI-2 Total expenses$156,769
XI-3 Revenue less expenses$608,066
XI-4 Net assets at start of year$321,763
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments$0
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$929,829

Form 990 e-file (XML) FY2020 from the IRS · Classification, formation year and address from the IRS Business Master File

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