Nonprofit · EIN 82-3187371
STONES RIVER DEVELOPMENT CORPORATION
Tax-exempt · MURFREESBORO, TN 37130
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| March 31, 2025 | 990 | $189,803 | $358,319 | -$168,516 | $20,589,124 | $28,593 | $20,560,531 |
| March 31, 2024 | 990 | $1,847,020 | $265,634 | $1,581,386 | $19,261,508 | $66,285 | $19,195,223 |
Financial details: 990 for the year ended March 31, 2025
Revenue
- Contributions, gifts and grants
- $0
- Program service revenue
- $99,101
- Investment income
- $92,655
- Other revenue
- -$1,953
Expenses
- Grants and similar amounts paid
- $0
- Other salaries and wages
- $86,500
- Salaries, compensation and benefits (total)
- $126,589
- Professional fundraising fees
- $0
- Legal fees
- $14,316
- Accounting fees
- $6,946
- Travel
- $4,596
- Depreciation
- $28,338
- Program services (functional)
- $312,105
- Management and general (functional)
- $46,214
Balance sheet and other
- Total assets, start of year
- $19,261,508
- Total assets, end of year
- $20,589,124
- Total liabilities, end of year
- $28,593
- Net assets, end of year
- $20,560,531
- Land, buildings and equipment
- $804,694
- Net assets without donor restrictions
- $20,560,531
- Gross receipts
- $189,803
- Employees
- 0
- Volunteers
- 0
- Year formed
- 2017
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended March 31, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| L THOMAS ROWE | EXECUTIVE DIRECTOR Officer | 0.5 | $0 | $191,569 | $29,224 |
| CHARLIE L TEASLEY | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| BETTY HORD | VICE CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MICHELLE THOMAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARK CROCKER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SONYA WRIGHT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
990 for the year ended March 31, 2024: 6 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| L THOMAS ROWE | EXECUTIVE DIRECTOR Officer | 0.5 | $0 | $203,060 | $50,887 |
| CHARLIE L TEASLEY | CHAIRMAN Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| BETTY HORD | VICE CHAIRPERSON Trustee or director, Officer | 0.5 | $0 | $0 | $0 |
| MICHELLE THOMAS | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| MARK CROCKER | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
| SONYA WRIGHT | DIRECTOR Trustee or director | 0.5 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 415 N MAPLE ST, MURFREESBORO, TN 37130-2831
- In care of
- % THOMAS ROWE
- Principal officer (990 for 2024)
- CHARLIE L TEASLEY, 415 N MAPLE STREET, MURFREESBORO, TN 37130
- Signed the 990
- KRIS LORD, COO
- Phone
- (615) 893-9414
- Return prepared by
- SMITH MARION & CO
Mission
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.
Program accomplishments
- STONES RIVER DEVELOPMENT CORPORATION SEEKS RESOURCES TO DEVELOP AFFORDABLE HOUSING FOR LOW-INCOME CITIZENS IN THE RUTHERFORD COUNTY, TENNESSEE AREAExpenses $312,105 · revenue $99,101
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in March, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | March 31, 2026 | August 17, 2026 | Not on file |
| 2024 | March 31, 2025 | August 15, 2025 | 990 on file |
| 2023 | March 31, 2024 | August 15, 2024 | 990 on file |
IRS record
- EIN
- 82-3187371
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 2018
- Accounting year ends
- March
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Housing and shelter (L80)
- Assets (IRS master file)
- $20,589,124
- Income (IRS master file)
- $189,803
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | March 2025 | $189,803 | $358,319 | $20,589,124 | XML |
| 990 | March 2024 | $1,847,020 | $265,634 | $19,261,508 | XML |
| 990 | March 2023 | $1,798,597 | $160,581 | $17,629,806 | IRS |
| 990 | March 2022 | – | – | – | IRS |
| 990 | March 2021 | – | – | – | IRS |
| 990 | March 2020 | – | – | – | IRS |
| 990 | March 2019 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-3187371).
Questions about STONES RIVER DEVELOPMENT CORPORATION
- What is the EIN of STONES RIVER DEVELOPMENT CORPORATION?
- The employer identification number (EIN) of STONES RIVER DEVELOPMENT CORPORATION is 82-3187371.
- Is STONES RIVER DEVELOPMENT CORPORATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
- Are donations to STONES RIVER DEVELOPMENT CORPORATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does STONES RIVER DEVELOPMENT CORPORATION file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of STONES RIVER DEVELOPMENT CORPORATION due?
- The return for tax year 2025 (the year ending March 31, 2026) is due August 17, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did STONES RIVER DEVELOPMENT CORPORATION last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended March 2025.
- Who is the principal officer of STONES RIVER DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 names CHARLIE L TEASLEY.
- Who are the officers and directors of STONES RIVER DEVELOPMENT CORPORATION?
- The 990 for the year ended March 31, 2025 lists 6 people; 0 received compensation from the organization.
- How much revenue does STONES RIVER DEVELOPMENT CORPORATION have?
- On its 990 for the year ended March 31, 2025 it reported revenue of $189,803, expenses of $358,319 and total assets of $20,589,124 at year end.
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