Form 990 for tax year 2025
Filed by KINGDOM COMMUNITY DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $764,920
- Total expenses
- $929,674
- Contributions and grants received
- $450,326
- Grants paid
- $100,000
- Program service revenue
- $200,136
- Investment income
- $74,945
- Other revenue
- $39,513
- Total assets, end of year
- $4,816,794
- Total liabilities, end of year
- $462,613
- Net assets or fund balances, end of year
- $4,354,181
- Program services expenses (Part IX)
- $899,906
- Management and general expenses
- $29,768
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $899,906
Program services were 96.8% 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)
$450,326
-
2a · Program service revenue: Rental Income
total $195,028 · related or exempt $195,028
-
2b · Program service revenue: Hotel Partnership
total $5,108 · related or exempt $5,108
-
3 · Investment income
total $4,706 · related or exempt $4,706
-
7a · Gross sales of assets other than inventory
other assets $460,000
-
7b · Less cost or other basis and sales expenses
other assets $389,761
-
7c · Gain or loss
other assets $70,239
-
7d · Net gain or loss
total $70,239 · related or exempt $70,239
-
8c · Net income from fundraising events
total $0
-
11a · Other revenue: Refunds & Other Income
total $39,513 · related or exempt $39,513
-
11e · Other revenue, total
$39,513
Functional expenses
Part IX, the statement of functional expenses.
-
2 · Grants to domestic individuals
total $100,000 · program services $100,000
-
7 · Other salaries and wages
total $297,091 · program services $282,091 · management and general $15,000
-
10 · Payroll taxes
total $38,153 · program services $36,850 · management and general $1,303
-
11b · Fees: legal
total $556 · program services $556
-
11c · Fees: accounting
total $6,000 · program services $5,000 · management and general $1,000
-
11g · Fees: other
total $8,795 · program services $8,795
-
13 · Office expenses
total $34,410 · program services $30,824 · management and general $3,586
-
16 · Occupancy
total $38,582 · program services $34,724 · management and general $3,858
-
20 · Interest
total $30,177 · program services $30,177
-
22 · Depreciation, depletion and amortization
total $66,383 · program services $64,394 · management and general $1,989
-
23 · Insurance
total $56,704 · program services $55,704 · management and general $1,000
-
24a · Other expenses: Repairs & Maintenance
total $57,877 · program services $57,877
-
24b · Other expenses: Landscaping
total $26,380 · program services $26,380
-
24c · Other expenses: HOME Proceeds-House Sale
total $99,393 · program services $99,393
-
24d · Other expenses: Closing Costs
total $28,691 · program services $28,691
-
24e · All other expenses
total $40,482 · program services $38,450 · management and general $2,032
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $676,651 · end of year $501,963
-
4 · Accounts receivable
beginning of year $47,857 · end of year $44,191
-
10a · Land, buildings and equipment: cost or other basis
$3,426,400
-
10b · Land, buildings and equipment: accumulated depreciation
$710,552
-
10c · Land, buildings and equipment, net
beginning of year $2,782,231 · end of year $2,715,848
-
15 · Other assets
beginning of year $1,306,934 · end of year $1,554,792
-
17 · Accounts payable and accrued expenses
beginning of year $44,712 · end of year $37,557
-
23 · Secured mortgages and notes payable
beginning of year $220,042 · end of year $199,110
-
24 · Unsecured notes and loans payable
end of year $215,500
-
25 · Other liabilities
beginning of year $12,446 · end of year $10,446
-
27 · Net assets without donor restrictions
beginning of year $4,536,473 · end of year $4,354,181
Mission and programs · 2025
Mission
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.
-
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.
Expenses $899,906
As filed on the 2025 return.
Listed in Part VII
-
Keanna McGee
Director
- Total calculated
- $0
- Hours/week
- 0
-
Mary A Hickey-King
Secretary
- Total calculated
- $0
- Hours/week
- 0
-
Billy R King
President
- Total calculated
- $0
- Hours/week
- 0
-
Ricky L Tucker
Director
- Total calculated
- $0
- Hours/week
- 0
-
Linda Brown
Director
- Total calculated
- $0
- Hours/week
- 0
-
Carl Manning
Executive Director
- Total calculated
- $0
- Hours/week
- 40
-
Kimberly McKenzie
Director
- Total calculated
- $0
- Hours/week
- 0
-
Ross Thomas Jr
Director
- Total calculated
- $0
- Hours/week
- 0
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
No itemized grants to organizations on this return.
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.
Related partnerships
Part III: related organizations taxable as a partnership, with the filer's share.
-
Kingdom Hospitality Inc
UNRELATED · Real Estate · NC · 100% owned
Directly controlled by KCDC
Provenance
- Return type
- form_990
- Tax year
- 2025
- Filed
- 13 March 2026
- IRS schema version
- 2025v4.1
- Source object
- 202611249349301706
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