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Solid Rock Development Corporation EIN 92-0188944

Solid Rock Development Corporation FY2024 filing

EIN  92-0188944 Public charity (501(c)(3)) Memphis, TN
Form 990 (PDF)
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Size
$100K–1M
What they do
Empowering individuals through education, spiritual growth, and health to build stronger communities.
Leadership
Deborah Gunn · Secretary · $16K
Money in and out
$291K revenue, $178K expenses
Bottom line
100% program efficiency

Empowering individuals through education, spiritual growth, and health to build stronger communities. For fiscal year 2024 it reported $291K in revenue, $178K in expenses, and $3.0M in net assets.Pt I

Where the money goes · FY2024
Total revenue
$291K
Pt VIII · Ln 12
Total expenses
$178K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $113K
Where spending went · Part IX cols B–D
Program services $1.00
Program efficiency
100%
of spending reaches programs
Operating runway
0.9mo
months of highly liquid reserves at operating expense rate
Surplus margin
+39%
revenue over expenses, this year

Summary of the Filing

Part I · fiscal year 2024 · Form 990
Revenue
$291K
FY2024▼ -7%
Expenses
$178K
FY20240%
Total assets
$4.9M
FY2024▼ -4%
Total liabilities
$1.9M
FY2024▼ -5%
Total revenue
$291K
Pt VIII · Ln 12
Total expenses
$178K
Pt IX · Ln 25
Net assets
$3.0M
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$113K
Total assetsPt X · Ln 16$4.9M
Program-expense ratioPt IX · col B100%
Voting members of governing bodyPt I · Ln 35
Independent voting membersPt I · Ln 45
Mission & Programs · Part III

Where the work happens

1 program service account for $178K of program spending, described in the organization's own filed words · FY2024.
01

Proficiencies, educational, FOOD/CLOTHING and community development

$178Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CSolid Rock Development Corporation
EINHdr · item D92-0188944
Principal addressHdr · item CMemphis, TN
WebsiteHdr · item Jsolidrockdevelopment.com
Year of formationHdr · item Lpending
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P20)
Ruling yearIRS BMFJan 2012

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a5
Independent voting membersPt VI · Ln 1b5
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13No
Document retention policyPt VI · Ln 14No
CEO/top-official compensation independently reviewedPt VI · Ln 15aNo
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Deborah Gunn
Secretary
$15,670Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
Tonya Lyons
President
$0Pt VII · Sec A

Deborah Gunn’s $17K as Secretary is at the 8th percentile of top reported officer pay among 2165 $100K–1M 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
Deborah Gunn$16,800$15,670$15,670$15,670$15,670$13,320

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.

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Statement of Revenue

Part VIII
Other revenue$182K · 63%
Contributions & grants$109K · 37%
Other revenue63%$182K
Contributions & grants37%$109K
— government grantsLn 1e$90K
Total revenueLn 12$291K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $1.00
Program services100%$178K
Total functional expensesLn 25$178K

Balance Sheet

Part X · end of year
CashLn 1$14K
Total assetsLn 16$4.9M
Total liabilitiesLn 26$1.9M
Total net assetsLn 32$3.0M
Months of cash on handcomputed0.9

Financial Metrics

Form 990 · FY2024 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $14K · Operating expenses/yr $178K
0.9 months
Where the money goes
Program services
Program services $178K · Total expenses $178K
100%
Management & General
Management & general $0 · Total expenses $178K
0%
Fundraising
Fundraising $0 · Total expenses $178K
0%
Cost to raise $1
Fundraising expense (3-yr avg) $0 · Solicited contributions (3-yr avg) $39K
Solicited contributions below reporting floor
Where the money comes from
Contribution dependence
Contributions & grants $109K · Total revenue $291K
37%
Government reliance
Government grants $90K · Total revenue $291K
31%
Earned-income share
Program service revenue $0 · Total revenue $291K
0%
Investment reliance
Investment income $0 · Total revenue $291K
0%
Program self-sufficiency
Program service revenue $0 · Total expenses $178K
0%
Growth & trend
Revenue growth (YoY)
This year $291K · Prior year $314K
-7%
Revenue CAGR
FY2020 $325K · FY2024 $291K
-3%
Net-asset trend (YoY)
End of year $3.0M · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $291K · Expenses $178K
+39%
Liabilities-to-Assets
Total liabilities — · Total assets $4.9M
—
Net-asset ratio
Net assets $3.0M · Total assets $4.9M
61%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $4.9M
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Deborah Gunn · Reported title SECRETARY · Highest reported compensation $16K · Total expenses $178K
9%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $16K · Total expenses $178K
9%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 100%——
Overhead ratio 0%——
Fundraising cost ratio 0%——
Revenue growth -7%——
Legal fee ratio 1%——
Accounting fee ratio 1%——

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$292K revenue · ⤓ 990 PDF
FY2024$291K revenue · viewing · ⤓ 990 PDF
FY2023$314K revenue · ⤓ 990 PDF
FY2022$330K revenue · ⤓ 990 PDF
FY2021$364K revenue · ⤓ 990 PDF
FY2020$325K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2024IRS
Classification, formation year, addressIRS Business Master File
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