Kingdom Development Inc
- Assets
- $212.9m
- Revenue
- $26.0m
- Investments
- $45.1m
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 04/2016
- Data as of
- 12/2023
- EIN
- 32-0483333
Organization Overview
Kingdom Development Inc is located in Riverside, CA. The organization was established in 2016. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingdom Development Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2023, Kingdom Development Inc generated $26.0m in total revenue. All expenses for the organization totaled $22.1m during the year ending 12/2023.
Since 2017, Kingdom Development Inc has awarded 56 individual grants totaling $737,239. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
TO IMPROVE THE WELFARE OF LOW-INCOME HOUSEHOLDS THROUGH THE DEVELOPMENT OF AFFORDABLE HOUSING.
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASSIST PEOPLE IN NEED WITH IMPROVING THEIR WELFARE AND/OR LIVING CONDITIONS THROUGH THE FOSTERING OF LOW INCOME AND SENIOR HOUSING.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William Leach Chairperson | OfficerTrustee | 55 | $0 |
James Leach Board Member | Trustee | 1 | $0 |
Ryan Rowland Board Member | Trustee | 1 | $0 |
Keven Petty Board Member | Trustee | 1 | $0 |
Bernard Shukoski Board Member | Trustee | 1 | $0 |
Tawana Agullar Secretary | Trustee | 45 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $2,177,576 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $2,177,576 |
| Total Program Service Revenue | $19,828,447 |
| Investment income | $862,968 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $26,036,112 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $115,661 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $2,952,520 |
| Pension plan accruals and contributions | $173,281 |
| Other employee benefits | $95,797 |
| Payroll taxes | $31,421 |
| Fees for services: Management | $494,680 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $162,423 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $147,553 |
| Advertising and promotion | $60,359 |
| Office expenses | $1,925,474 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $3,241,404 |
| Travel | $84,355 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $6,811,367 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $3,697,606 |
| Insurance | $739,696 |
| All other expenses | $36,926 |
| Total functional expenses | $22,148,522 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,230,560 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $4,704,862 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $338,801 |
| Net Land, buildings, and equipment | $148,544,576 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $45,069,800 |
| Investments—program-related | $0 |
| Intangible assets | $4,569,627 |
| Other assets | $8,433,240 |
| Total assets | $212,891,466 |
| Accounts payable and accrued expenses | $7,474,967 |
| Grants payable | $0 |
| Deferred revenue | $5,551,118 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $139,800,374 |
| Unsecured mortgages and notes payable | -$234,967 |
| Other liabilities | $42,863,082 |
| Total liabilities | $195,454,574 |
| Net assets without donor restrictions | $17,436,892 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $212,891,466 |
Grants Awarded
Over the last fiscal year, Kingdom Development Inc has awarded $73,000 in support to 7 organizations.
| Grant Recipient | Amount |
|---|---|
SOLUTIONS FOR CHANGE INC PURPOSE: MISSIONS SUPPORT | $10,000 |
EAGLE MOUNTAIN COMMUNITY PURPOSE: MISSIONS SUPPORT | $13,000 |
THE GROVE COMMUNITY CHURCH PURPOSE: IMPROVE THE WELFARE OF FOSTER CHILDREN IN RIVERSIDE CALIFORNIA | $10,000 |
WATOTO WATOTO CHILD CARE MINISTRY PURPOSE: MISSIONS SUPPORT | $10,000 |
REBIRTH HOMES PURPOSE: MISSIONS SUPPORT | $10,000 |
OLIVE CREST PURPOSE: MISSIONS SUPPORT | $10,000 |