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Nonprofiteer
← KINGDOM DEVELOPMENT INC

Form 990 for tax year 2023

Filed by KINGDOM DEVELOPMENT INC.

This return was superseded by a later amendment. matched by us It is kept because history is preserved rather than replaced.

What the amendment changed

Compared with the latest return for 2023 , filed 4 December 2025. matched by us Only the Part I totals and the names listed in Part VII are compared. We relate returns by organization, tax year and form, and order them by each return's own timestamp; the filer's own "amended return" checkbox is a separate fact.

Total revenue
$26,036,112 changed to $21,209,818
Total expenses
$22,148,522 changed to $24,757,364
Contributions and grants received
$2,177,576 changed to $1,191,396
Program service revenue
$19,828,447 changed to $11,519,495
Investment income
$862,968 changed to $4,490,182
Other revenue
$3,167,121 changed to $4,008,745
Total assets, end of year
$212,891,466 changed to $159,426,857
Total liabilities, end of year
$195,454,574 changed to $160,069,559
Net assets or fund balances, end of year
$17,436,892 changed to -$642,702
Program services expenses
$19,948,290 changed to $24,316,108
Management and general expenses
$2,200,232 changed to $441,256
Program service expenses (Part III)
$19,948,290 changed to $24,316,108

Totals

Total revenue
$26,036,112
Total expenses
$22,148,522
Contributions and grants received
$2,177,576
Grants paid
$115,661
Program service revenue
$19,828,447
Investment income
$862,968
Other revenue
$3,167,121
Total assets, end of year
$212,891,466
Total liabilities, end of year
$195,454,574
Net assets or fund balances, end of year
$17,436,892
Program services expenses (Part IX)
$19,948,290
Management and general expenses
$2,200,232
Fundraising expenses
$0
Program service expenses (Part III)
$19,948,290

Program services were 90.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $2,177,576

  • 2a · Program service revenue: RENTAL INCOME

    total $7,878,558 · related or exempt $7,878,558

  • 2b · Program service revenue: STATE TAX CREDIT REVENUE

    total $5,293,223 · related or exempt $5,293,223

  • 2c · Program service revenue: DEVELOPMENT FEES

    total $3,695,618 · related or exempt $3,695,618

  • 2d · Program service revenue: FINANCIAL ADVISORY SERVICES

    total $1,563,500 · related or exempt $1,563,500

  • 2e · Program service revenue: CONSULTING REVENUE

    total $536,500 · related or exempt $536,500

  • 2f · All other program service revenue

    total $861,048 · related or exempt $861,048

  • 3 · Investment income

    total $862,968 · excluded $862,968

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $3,140,454 · related or exempt $3,140,454

  • 11b · Other revenue: SOFTWARE INCOME

    total $26,667 · excluded $26,667

  • 11e · Other revenue, total

    $3,167,121

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $115,661 · program services $115,661

  • 7 · Other salaries and wages

    total $2,952,520 · program services $2,598,218 · management and general $354,302

  • 8 · Pension plan contributions

    total $173,281 · program services $152,487 · management and general $20,794

  • 9 · Other employee benefits

    total $95,797 · program services $84,301 · management and general $11,496

  • 10 · Payroll taxes

    total $31,421 · program services $27,650 · management and general $3,771

  • 11a · Fees: management

    total $494,680 · program services $435,318 · management and general $59,362

  • 11c · Fees: accounting

    total $162,423 · program services $142,932 · management and general $19,491

  • 11g · Fees: other

    total $147,553 · program services $129,847 · management and general $17,706

  • 12 · Advertising and promotion

    total $60,359 · program services $53,116 · management and general $7,243

  • 13 · Office expenses

    total $1,925,474 · program services $1,694,417 · management and general $231,057

  • 16 · Occupancy

    total $3,241,404 · program services $2,852,436 · management and general $388,968

  • 17 · Travel

    total $84,355 · program services $74,232 · management and general $10,123

  • 20 · Interest

    total $6,811,367 · program services $5,994,003 · management and general $817,364

  • 22 · Depreciation, depletion and amortization

    total $3,697,606 · program services $3,697,606

  • 23 · Insurance

    total $739,696 · program services $650,932 · management and general $88,764

  • 24a · Other expenses: UTILITIES

    total $682,694 · program services $600,771 · management and general $81,923

  • 24b · Other expenses: BAD DEBTS

    total $479,763 · program services $422,191 · management and general $57,572

  • 24c · Other expenses: REAL ESTATE TAXES

    total $116,941 · program services $102,908 · management and general $14,033

  • 24d · Other expenses: TAXES

    total $98,601 · program services $86,769 · management and general $11,832

  • 24e · All other expenses

    total $36,926 · program services $32,495 · management and general $4,431

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,899,231 · end of year $1,230,560

  • 4 · Accounts receivable

    beginning of year $4,187,077 · end of year $4,704,862

  • 7 · Other notes and loans receivable

    beginning of year $6,672,425 · end of year $0

  • 9 · Prepaid expenses and deferred charges

    beginning of year $253,556 · end of year $338,801

  • 10a · Land, buildings and equipment: cost or other basis

    $167,741,402

  • 10b · Land, buildings and equipment: accumulated depreciation

    $19,196,826

  • 10c · Land, buildings and equipment, net

    beginning of year $93,371,235 · end of year $148,544,576

  • 12 · Investments: other securities

    beginning of year $15,471,715 · end of year $45,069,800

  • 14 · Intangible assets

    beginning of year $3,633,007 · end of year $4,569,627

  • 15 · Other assets

    beginning of year $6,687,355 · end of year $8,433,240

  • 17 · Accounts payable and accrued expenses

    beginning of year $589,928 · end of year $7,474,967

  • 19 · Deferred revenue

    beginning of year $4,674,425 · end of year $5,551,118

  • 23 · Secured mortgages and notes payable

    beginning of year $122,645,000 · end of year $139,800,374

  • 24 · Unsecured notes and loans payable

    beginning of year $840,000 · end of year -$234,967

  • 25 · Other liabilities

    beginning of year $4,033,141 · end of year $42,863,082

  • 27 · Net assets without donor restrictions

    beginning of year -$606,893 · end of year $17,436,892

Mission and programs · 2023

Mission

TO IMPROVE THE WELFARE OF LOW-INCOME HOUSEHOLDS THROUGH THE DEVELOPMENT OF AFFORDABLE HOUSING.

  • ASSIST PEOPLE IN NEED WITH IMPROVING THEIR WELFARE AND/OR LIVING CONDITIONS THROUGH THE FOSTERING OF LOW INCOME AND SENIOR HOUSING.

    Expenses $19,948,290 · Grants $115,661 · Revenue $19,830,624

As filed on the 2023 return.

Listed in Part VII

  • William Leach

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    55

  • James Leach

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Ryan Rowland

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Keven Petty

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Bernard Shukoski

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    1

  • Tawana Agullar

    SECRETARY

    Total calculated
    $0
    Hours/week
    45

  • David Paredes

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    40

  • Grant Stephens

    TREASURER

    Total calculated
    $0
    Hours/week
    50

  • Russel Leach

    VICE PRESIDENT

    Total calculated
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • KINGDOM EMPIRE I LLC

    501(C)(3) · OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA

    Directly controlled by KINGDOM DEVELOPMENT INC

  • CATALPA KINGDOM LLC

    501(C)(3) · OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA

    Directly controlled by KINGDOM DEVELOPMENT INC

  • ELMWOOD KINGDOM LLC

    501(C)(3) · OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA

    Directly controlled by KINGDOM DEVELOPMENT INC

  • CEDAR KINGDOM LLC

    501(C)(3) · OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA

    Directly controlled by KINGDOM DEVELOPMENT INC

  • CENTER KINGDOM LLC

    501(C)(3) · OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA

    Directly controlled by KINGDOM DEVELOPMENT INC

  • HKH TROPICAL GP LLC

    501(C)(3) · OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA

    Directly controlled by KINGDOM DEVELOPMENT INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • KINGDOM AH I LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KD 980 NORTH PALM LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM EV LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM REDDING LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM PAVILLION LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KDI COTTONWOOD LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM CE LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM RIVERSIDE LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM ANTIOCH LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM ENTREPRENEUR LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM MAYER LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM RITA HILLS LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM QUARTZ HILL LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM DESERT PALMS LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM VENTANA LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM CENTENNIAL LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM CHERRY CREEK LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM PARADISE GARDENS LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM ARLINGTON LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM VISTA TERRACE LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM GOLDEN CIRCLE LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM FIRESTONE LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM KENSINGTON LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM CHARMER LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM LANCASTER LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM SUNSET LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KDI COURTYARDS LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM EMPIRE I LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM EL DORADO I LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM EL DORADO II LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

  • KINGDOM VILLAGE LLC

    OWN, OPERATE, AND MANAGE VARIOUS MULTIFAMILY AFFORDABLE HOUSING · CA · income $0 · assets $0

    Directly controlled by KINGDOM DEVELOPMENT INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CASCADE SONRISE GP LLC

    RELATED · AFFORDABLE HOUSING DEVELOPMENT · CA · 45.6% owned

  • MAAC BAYVIEW HEIGHTS LLC

    RELATED · AFFORDABLE HOUSING DEVELOPMENT · CA · 10% owned

  • COURTYARD AT COTTONWOOD LP

    RELATED · AFFORDABLE HOUSING DEVELOPMENT · CA

  • CHERRY CREEK VILLAGE LP

    RELATED · AFFORDABLE HOUSING DEVELOPMENT · CA

  • SUISUN HOUSING COMPANY LLC

    RELATED · AFFORDABLE HOUSING DEVELOPMENT · CA

  • SOLUTIONS WEITZEL LLC

    RELATED · AFFORDABLE HOUSING DEVELOPMENT · CA

Provenance

Return type
form_990
Tax year
2023
Filed
15 November 2024
IRS schema version
2023v5.1
Source object
202443209349321509

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