Skip to content
Nonprofiteer
← KINGDOM DEVELOPMENT INC

Form 990 for tax year 2024

Filed by KINGDOM DEVELOPMENT INC.

Totals

Total revenue
$26,799,917
Total expenses
$22,503,368
Contributions and grants received
$4,725,122
Grants paid
$219,667
Program service revenue
$18,715,756
Investment income
$2,036,179
Other revenue
$1,322,860
Total assets, end of year
$162,291,432
Total liabilities, end of year
$158,638,001
Net assets or fund balances, end of year
$3,653,431
Program services expenses (Part IX)
$21,552,061
Management and general expenses
$951,307
Fundraising expenses
$0
Program service expenses (Part III)
$21,552,061

Program services were 95.8% 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)

    $4,725,122

  • 2a · Program service revenue: DEVELOPMENT FEES

    total $8,056,310 · related or exempt $8,056,310

  • 2b · Program service revenue: RENTAL INCOME

    total $6,766,665 · related or exempt $6,766,665

  • 2c · Program service revenue: FINANCIAL ADVISORY SERVICES

    total $1,968,105 · related or exempt $1,968,105

  • 2d · Program service revenue: TENANT CHARGES

    total $1,350,191 · related or exempt $1,350,191

  • 2e · Program service revenue: TENANT ASSISTANT PAYMENTS

    total $388,591 · related or exempt $388,591

  • 2f · All other program service revenue

    total $185,894 · related or exempt $185,894

  • 3 · Investment income

    total $350,951 · excluded $350,951

  • 7a · Gross sales of assets other than inventory

    other assets $1,685,228

  • 7b · Less cost or other basis and sales expenses

    other assets $0

  • 7c · Gain or loss

    other assets $1,685,228

  • 7d · Net gain or loss

    total $1,685,228 · related or exempt $1,685,228

  • 11a · Other revenue: MISCELLANEOUS INCOME

    total $1,176,360 · related or exempt $1,176,360

  • 11b · Other revenue: SOFTWARE INCOME

    total $146,500 · excluded $146,500

  • 11e · Other revenue, total

    $1,322,860

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $219,667 · program services $219,667

  • 7 · Other salaries and wages

    total $4,048,329 · program services $3,606,488 · management and general $441,841

  • 8 · Pension plan contributions

    total $204,149 · program services $169,992 · management and general $34,157

  • 9 · Other employee benefits

    total $290,876 · program services $263,902 · management and general $26,974

  • 10 · Payroll taxes

    total $70,065 · program services $70,065

  • 11a · Fees: management

    total $522,606 · program services $512,295 · management and general $10,311

  • 11c · Fees: accounting

    total $313,104 · program services $303,450 · management and general $9,654

  • 11g · Fees: other

    total $260,257 · program services $252,068 · management and general $8,189

  • 12 · Advertising and promotion

    total $59,031 · program services $59,031

  • 13 · Office expenses

    total $342,347 · program services $269,668 · management and general $72,679

  • 16 · Occupancy

    total $1,179,458 · program services $1,163,286 · management and general $16,172

  • 17 · Travel

    total $111,129 · program services $92,487 · management and general $18,642

  • 20 · Interest

    total $6,008,217 · program services $5,815,324 · management and general $192,893

  • 22 · Depreciation, depletion and amortization

    total $5,616,472 · program services $5,601,251 · management and general $15,221

  • 23 · Insurance

    total $994,229 · program services $958,790 · management and general $35,439

  • 24a · Other expenses: BAD DEBTS

    total $814,793 · program services $813,312 · management and general $1,481

  • 24b · Other expenses: UTILITIES

    total $674,989 · program services $660,880 · management and general $14,109

  • 24c · Other expenses: IMPAIRMENT

    total $379,000 · program services $379,000 · management and general $0

  • 24d · Other expenses: TAXES

    total $136,517 · program services $113,305 · management and general $23,212

  • 24e · All other expenses

    total $258,133 · program services $227,800 · management and general $30,333

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,088,847 · end of year $2,399,386

  • 4 · Accounts receivable

    beginning of year $2,452,354 · end of year $1,948,212

  • 7 · Other notes and loans receivable

    beginning of year $7,933,774 · end of year $14,471,391

  • 9 · Prepaid expenses and deferred charges

    beginning of year $273,404 · end of year $390,242

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

    $137,470,955

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

    $18,844,688

  • 10c · Land, buildings and equipment, net

    beginning of year $123,038,761 · end of year $118,626,267

  • 12 · Investments: other securities

    beginning of year $19,598,852 · end of year $18,847,886

  • 14 · Intangible assets

    beginning of year $4,504,905 · end of year $5,288,225

  • 15 · Other assets

    beginning of year $535,960 · end of year $319,823

  • 17 · Accounts payable and accrued expenses

    beginning of year $5,189,124 · end of year $4,102,043

  • 19 · Deferred revenue

    beginning of year $3,157,380 · end of year $7,388,260

  • 23 · Secured mortgages and notes payable

    beginning of year $135,210,759 · end of year $135,044,635

  • 24 · Unsecured notes and loans payable

    beginning of year $350,000 · end of year $570,000

  • 25 · Other liabilities

    beginning of year $16,162,296 · end of year $11,533,063

  • 27 · Net assets without donor restrictions

    beginning of year -$642,702 · end of year $3,653,431

Mission and programs · 2024

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 $21,552,061 · Grants $219,667 · Revenue $21,577,344

As filed on the 2024 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 Roland

    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

The 10 largest by cash amount. The API serves every itemized grant.

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
2024
Filed
17 November 2025
IRS schema version
2024v5.2
Source object
202543219349320484

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.