Solid Rock Community Developmentcorporation
Nonprofit profile at a glance
- EIN
- 260381727
- IRS 990 coverage
- 2018–2025
- Forms available
- Form 990 2025
- Location
- Colorado Springs, CO, USA
- Phone
- 7194599370
- Rating
- 85
- Verdict
- STRONG
- Rating confidence
- Moderate
- Sector
- Personal Social Services
Reported finances
- Revenue
- $1,045,823
- Expenses
- $1,108,948
- Assets
- $5,751,933
- Liabilities
- $2,541,659
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
13 people listed
Executive titles in this filing
- Benjamin Anderson (Executive Director)
- John Conway (President)
Highest reported compensation
- Benjamin Anderson (Executive Director): $90,000 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
We are working to build a diverse Southeast Colorado Springs economy that emphasizes the creation of more affordable housing small business development and investment in healthy community environments. Our goal is to address and dismantle concentrated poverty in the Southeast through leading and building strong partnerships that invest in projects that improve our southeast economy and the quality of life for Southeast communities. We Build a self sustaining economy that is connected to the larger regional economy. We support policies and systems that help businesses and communities thrive. We Create job opportunities to bring individuals and families out of poverty. We invest in businesses housing and other community infrastructure to promote economic health and safety for individuals and communities.
What it reported doing in 2025
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.
Operating model
- Revenue model
- Donor-supported. 96% of the money available for current operations came from contributions and gifts.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and some filing-based governance responses are negative or unanswered.
Rating breakdown
- Financial Efficiency: 85
- Transparency & Controls: 86
- Accountability: 90
- Sustainability: 40
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 88.9%; rating input score 89
- Program expense ratio: 83.5%; rating input score 84
- Fundraising efficiency: $31.86 raised per $1 spent on fundraising; rating input score 67; 67th percentile among comparable filings
Transparency & Controls
- Consistency checks: 91.7%; rating input score 92; 15th percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 64th percentile among comparable filings
- Governance controls: 6 of 8 controls in place; rating input score 75
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -6%; rating input score 18; 18th percentile among comparable filings
- Total-asset coverage ratio: 5.19; rating input score 85; 85th percentile among comparable filings
- Liabilities to assets ratio: 0.44; rating input score 14; 14th percentile among comparable filings
- Officer compensation ratio: 8.1%; rating input score 43; 43rd percentile among comparable filings
Growth
- Program expense growth: 25.3% per year; rating input score 100; 85th percentile among comparable filings
- Revenue growth: 15.2% per year; rating input score 100; 75th percentile among comparable filings
- Asset growth: 33.1% per year; rating input score 100; 91st percentile among comparable filings
Details
- Where the money goes: 88.9% of revenue deployed · 83.5% of spending went to programs
- Governance: 9 of 9 board members independent · 6 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $926K in reported program spending
- Leadership: top reported pay $90K · 13 people listed
- Consistency: 26 of 27 current checks pass · 1 finding to review
- Schedules: 4 filed schedules · includes major donors
- Filing history: 8 filing years from 2018 to 2025
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 18/100.
- Review — Accountability: Governance controls: Independent financial-statement audit not reported.
- Moderate — Transparency & Controls: Schedule A contributions reconciliation did not reconcile in the filed values.
- High — Sustainability: Liabilities to assets ratio scored 14/100.
- Moderate — Sustainability: Officer compensation ratio scored 43/100.