Overview

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Est.

2017

Fiscal Year Start

Apr 1

Organization Type

Grantseeker

AI Summary

Stones River Development Corporation is a nonprofit organization dedicated to assisting low and moderate-income individuals and their families in obtaining adequate housing that would otherwise be unaffordable. With an operating budget of $358.3K and total revenue of $189.8K for the filing year 2025, the organization engages in financing, constructing, leasing, and operating affordable housing while also providing supportive services and community development activities. The organization does not rely on a single funder for 50% or more of its revenue.

Mission Statement

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 SUPPOTIVE SERVICES AND COMMUNITY DEVELOPMENT ACTIVITIES TO BENEFIT LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.
Revenues
$189.8K
Expenses
$358.3K
Net Income:
-$168.5K
Assets
$20.6M
Liabilities
$28.6K
Net Assets:
+$20.6M
Operating Budget
$358.3K
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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C
Charlie L Teasley
Board Member
L
L Thomas Rowe
Board Member
B
Betty Hord
Board Member

Frequently Asked Questions

What is STONES RIVER DEVELOPMENT CORPORATION’s budget?
In 2025, STONES RIVER DEVELOPMENT CORPORATION reported an annual operating budget of around $358 thousand. More detailed financial information is available to registered users.
What causes does STONES RIVER DEVELOPMENT CORPORATION support?
STONES RIVER DEVELOPMENT CORPORATION supports work in Housing services.
Where does STONES RIVER DEVELOPMENT CORPORATION operate?
STONES RIVER DEVELOPMENT CORPORATION is headquartered in Murfreesboro, TN.