Kingdom Development Inc
- Assets
- $10.0m
- Revenue
- $4.2m
- Investments
- $5.2m
- Employees
- 0
- Location
- Riverside, CA
- Founding
- 04/2016
- Data as of
- 12/2021
- 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 12/2021, Kingdom Development Inc generated $4.2m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 72.4% each year . All expenses for the organization totaled $1.7m during the year ending 12/2021. While expenses have increased by 66.1% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2017, Kingdom Development Inc has awarded 34 individual grants totaling $359,009. 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
2021
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 |
David Paredes Vice President | Officer | 40 | $0 |
Russel Leach Vice President | Officer | 40 | $0 |
Grant Stephens Treasurer | Officer | 50 | $0 |
Ryan Rowland Board Member | Trustee | 1 | $0 |
James Leach Board Member | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,900,000 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $1,925,000 |
| Total Program Service Revenue | $2,258,248 |
| Investment income | $21,768 |
| 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 | $4,208,850 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $157,110 |
| 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 | $1,188,805 |
| Pension plan accruals and contributions | $82,525 |
| Other employee benefits | $0 |
| Payroll taxes | $493 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $21,445 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $0 |
| Office expenses | $102,497 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $58,568 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,301 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,302 |
| Insurance | $5,693 |
| All other expenses | $0 |
| Total functional expenses | $1,670,538 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,948,882 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $910,217 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,900,000 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $1,558 |
| Net Land, buildings, and equipment | $25,552 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $5,215,575 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $10,001,784 |
| Accounts payable and accrued expenses | $80,506 |
| Grants payable | $0 |
| Deferred revenue | $4,708,908 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,130,443 |
| Total liabilities | $5,919,857 |
| Net assets without donor restrictions | $4,081,927 |
| 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 | $10,001,784 |
Grants Awarded
Over the last fiscal year, Kingdom Development Inc has awarded $121,675 in support to 8 organizations.
| Grant Recipient | Amount |
|---|---|
Fontana, CA PURPOSE: MISSIONS SUPPORT | $30,000 |
Riverside, CA PURPOSE: MISSIONS SUPPORT | $30,000 |
Vista, CA PURPOSE: MISSIONS SUPPORT | $12,225 |
Riverside, CA PURPOSE: IMPROVE THE WELFARE OF FOSTER CHILDREN IN RIVERSIDE CALIFORNIA | $10,000 |
EAGLE MOUNTAIN COMMUNITY PURPOSE: MISSIONS SUPPORT | $10,000 |
Portero, CA PURPOSE: IMPROVE THE WELFARE AND LIVING CONDITION OF ORPHANS IN TECATE MEXICO AND SIGHISOARA ROMANIA | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kingdom Development Inc has recieved totaling $25,000.
| Awarding Organization | Amount |
|---|---|
Affordable Housing Access Inc Newport Beach, CA PURPOSE: GENERAL SUPPORT | $25,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Eden Investments Inc Hayward, CA | $35,016,313 | $30,534,205 |
Turk Street Inc San Francisco, CA | $36,581,577 | $10,576,295 |
A Community Of Friends Los Angeles, CA | $60,441,352 | $19,454,068 |
Oregon Coast Community Action Coos Bay, OR | $16,109,030 | $18,585,692 |
Abode Communities Los Angeles, CA | $48,420,643 | $18,096,266 |
Habitat For Humanity Portland Metro East Portland, OR | $35,667,707 | $17,313,274 |
Vista Del Monte Affordable Housing Inc Keene, CA | $19,598,964 | $14,888,615 |
Rubicon Programs Inc Richmond, CA | $13,905,498 | $18,401,820 |
Sacramento Self-Help Housing Inc Sacramento, CA | $3,575,796 | $15,208,752 |
The Mortgage Capital Development Company Oakland, CA | $77,426,961 | $21,275,511 |
Century Housing Corporation Culver City, CA | $579,661,365 | $33,491,484 |
Oregon Affordable Housing Assistance Corporation Salem, OR | $27,410,918 | $14,226,353 |