Kingdom Community Development Corporation
- Assets
- $4.5m
- Revenue
- $1.4m
- Investments
- $0.0
- Employees
- 5
- Location
- Spring Lake, NC
- Founding
- 08/1997
- Data as of
- 12/2022
- EIN
- 56-2191690
Organization Overview
Kingdom Community Development Corporation is located in Spring Lake, NC. The organization was established in 1997. According to its NTEE Classification (L80) the organization is classified as: Housing Support, under the broad grouping of Housing & Shelter and related organizations. As of 12/2022, Kingdom Community Development Corporation employed 5 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Kingdom Community Development Corporation 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 12/2022, Kingdom Community Development Corporation generated $1.4m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 5.5% each year. All expenses for the organization totaled $722.7k during the year ending 12/2022. While expenses have increased by 2.7% per year over the past 8 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.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2022
Describe the Organization's Mission:
Part 3 - Line 1
KINGDOM CDCS MISSION IS TO BUILD AFFORDABLE HOUSING, PROVIDE HOME OWNERSHIP COUNSELING, RESTORE AND REVITALIZE LOW TO MODERATE-INCOME COMMUNITIES THROUGH ECONOMIC DEVELOPMENT TO ENSURE ACCESS TO THE AMERICAN DREAM.
Describe the Organization's Program Activity:
Part 3 - Line 4a
KINGDOM CDCS MISSION IS TO BUILD AFFORDABLE HOUSING, PROVIDE HOME OWNERSHIP COUNSELING, RESTORE AND REVITALIZE LOW TO MODERATE-INCOME COMMUNITIES THROUGH ECONOMIC DEVELOPMENT TO ENSURE ACCESS TO THE AMERICAN DREAM.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Mary A Hickey-King Secretary | Officer | 0 | $0 |
Billy R King President | Officer | 0 | $0 |
Sona L Cooper Treasurer | Officer | 0 | $0 |
Franklin Keller Jr Director | Trustee | 0 | $0 |
Linda Brown Director | Trustee | 0 | $0 |
Francis Mcduffie Director | Trustee | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $1,004,258 |
| 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 | $1,004,258 |
| Total Program Service Revenue | $363,937 |
| Investment income | $0 |
| 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 | $1,395,246 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| 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 | $257,817 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $21,696 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $4,000 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $5,932 |
| Advertising and promotion | $0 |
| Office expenses | $32,135 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $28,331 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $28,034 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $72,118 |
| Insurance | $50,019 |
| All other expenses | $39,264 |
| Total functional expenses | $722,697 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $239,854 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $145,695 |
| 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 | $0 |
| Net Land, buildings, and equipment | $2,971,265 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,159,798 |
| Total assets | $4,516,612 |
| Accounts payable and accrued expenses | $36,352 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $51,250 |
| Secured mortgages and notes payable | $335,895 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $12,945 |
| Total liabilities | $436,442 |
| Net assets without donor restrictions | $4,080,170 |
| 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 | $4,516,612 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Kingdom Community Development Corporation has recieved totaling $26,514.
| Awarding Organization | Amount |
|---|---|
North Carolina Housing Coalition Inc Durham, NC | | $26,514 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Housing Collaborative Charlotte, NC | $3,657,105 | $83,275,604 |
People Incorporated Housing Group Abingdon, VA | $23,796,045 | $13,192,041 |
Habitat For Humanity International Inc Charlottesville, VA | $30,158,834 | $8,198,441 |
Southeastern Housing And Community Development Barnwell, SC | $15,553,642 | $5,568,906 |
Distinctive Housing Solutions Inc Brunswick, GA | $6,407,391 | $5,577,789 |
Student Housing Of America Inc Atlanta, GA | $18,887,768 | $4,459,972 |
Habitat For Humanity International Inc Franklin, TN | $15,154,488 | $5,571,320 |
Piedmont Housing Alliance Incorporated Charlottesville, VA | $40,182,499 | $6,545,967 |
Fairview Housing Management Johnson City, TN | $5,768,830 | $3,674,479 |
Stones River Development Corporation Murfreesboro, TN | $15,999,619 | $139,146 |
Albemarle Housing Improvement Program Inc Charlottesville, VA | $5,877,628 | $5,756,026 |
American Opportunity Foundation Inc Atlanta, GA | $36,469,989 | $25,080,242 |