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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Housing & Shelter Stones River Development Corporation

Stones River Development Corporation

Fiscal year ending 2025. Filed on July 23, 2025.

415 N Maple Street
Murfreesboro, Tennessee 37130

Stones River Development Corporation (EIN: 82-3187371) has filed an IRS Form 990 since fiscal year 2018. In its fiscal year 2025 IRS Form 990 filing, Stones River Development Corporation, a 501(c)(3) charitable organization, reported compensation for 1 employee. Among the employees shown here, the average compensation is $220,793. The highest compensated employee at Stones River Development Corporation is L Thomas Rowe with fiscal year 2025 compensation of $220,793.

Revenue, expenses, and employee compensation

Revenue

$189,803

Expenses

$358,319

Employee compensation

$126,589
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

L Thomas Rowe
Executive Director
$220,793
$0 $191,569 $29,224

Benchmark Employee Compensation

Non-Employee Board Members

Betty Hord
Vice Chair
Charlie L Teasley
Chair
Mark Crocker
Director
Michelle Thomas
Director
Sonya Wright
Director

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 SUPPORTIVE SERVICES AND COMMUNITY DEVELOPMENT ACTIVITIES TO BENEFIT LOW AND MODERATE INCOME INDIVIDUALS AND FAMILIES.

Revisions to this organization profile

July 23, 2025:
2025 Stones River Development Corporation 990 filed
August 2, 2024:
2024 Stones River Development Corporation 990 filed
August 14, 2023:
2023 Stones River Development Corporation 990 filed

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