Civic Intelligence

Kingdom Development Inc.

990 • Fiscal year 2021 • EIN 32-0483333

Jan 01, 2021 to Dec 31, 2021 • Filed on Nov 14, 2022

Refreshing map…

6451 Box Springs BlvdRiverside, CA 92507

(951) 538-6244

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

81st percentile

0.59x

Higher debt load relative to assets than 81% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Liabilities / Revenue

85th percentile

1.41x

Higher debt load relative to revenue than 85% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Net Margin

90th percentile

60%

Higher net margin than 90% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Top Officer Pay

14th percentile

$0

Higher top officer pay than 14% of similar nonprofits.

Top officer pay equals 0.0% of source-year revenue.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Source year 2021

Asset Growth

89th percentile

44%

Faster asset growth than 89% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Revenue Growth

7th percentile

-35%

Faster revenue growth than 7% of similar nonprofits.

2021 filings • 501(c)3 • $10M-$25M nonprofits • Annualized from 2020 to 2021

Assets

Up

$10,001,784

Up $3,065,049 (+44%) from 2020

Net Assets

Down

$4,081,927

Down $2,204,786 (-35%) from 2020

Liabilities

Up

$5,919,857

Up $5,269,835 (+811%) from 2020

Revenue

Down

$4,208,850

Down $2,291,496 (-35%) from 2020

Expenses

Up

$1,670,538

Up $451,704 (+37%) from 2020

Net Income

Down

$2,538,312

Down $2,743,200 (-52%) from 2020

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200M$150M$100M$50M$0-$50MAssets 2016: $236,147Liabilities 2016: $155,400Net Assets 2016: $80,7472016Assets 2017: $447,716Liabilities 2017: $198,263Net Assets 2017: $249,4532017Assets 2019: $1,505,299Liabilities 2019: $527,268Net Assets 2019: $978,0312019Assets 2020: $6,936,735Liabilities 2020: $650,022Net Assets 2020: $6,286,7132020Assets 2021: $10,001,784Liabilities 2021: $5,919,857Net Assets 2021: $4,081,9272021Assets 2022: $138,636,106Liabilities 2022: $135,362,558Net Assets 2022: $3,273,5482022Assets 2023: $159,426,857Liabilities 2023: $160,069,559Net Assets 2023: -$642,7022023Assets 2024: $162,291,432Liabilities 2024: $158,638,001Net Assets 2024: $3,653,4312024

Highlighted filing

2021

Assets$10,001,784
Liabilities$5,919,857
Net Assets$4,081,927

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$30M$20M$10M$0-$10MRevenue 2016: $160,192Expenses 2016: $79,445Net Income 2016: $80,7472016Revenue 2017: $548,876Expenses 2017: $380,170Net Income 2017: $168,7062017Revenue 2019: $1,050,696Expenses 2019: $838,645Net Income 2019: $212,0512019Revenue 2020: $6,500,346Expenses 2020: $1,218,834Net Income 2020: $5,281,5122020Revenue 2021: $4,208,850Expenses 2021: $1,670,538Net Income 2021: $2,538,3122021Revenue 2022: $17,625,126Expenses 2022: $18,254,536Net Income 2022: -$629,4102022Revenue 2023: $21,209,818Expenses 2023: $24,757,364Net Income 2023: -$3,547,5462023Revenue 2024: $26,799,917Expenses 2024: $22,503,368Net Income 2024: $4,296,5492024

Highlighted filing

2021

Revenue$4,208,850
Expenses$1,670,538
Net Income$2,538,312
Jump To
Filing Snapshot
Filing Period
Jan 1, 2021 to Dec 31, 2021
Signed
Nov 14, 2022
Return Version
2021v4.2
Gross Receipts
$4,208,850
Mission and Program Overview

Mission

To improve the welfare of low-income households through the development of affordable housing.

Balance Sheet Detail
LineBeginningEndChange
Assets
Investments Other Securities$4,705,575$5,215,575▲ $510,000
Cash and Non-Interest-Bearing Accounts$1,624,797$1,948,882▲ $324,085
Other Notes and Loans Receivable, Net$262,336$1,900,000▲ $1,637,664
Accounts Receivable$296,188$910,217▲ $614,029
Land, Buildings, and Equipment, Net$10,316$25,552▲ $15,236
Prepaid Expenses and Deferred Charges$0$1,558▲ $1,558
Total Assets$6,899,212$10,001,784▲ $3,102,572
Liabilities
Deferred Revenue$4,712,242$4,708,908▼ $3,334
Other Liabilities$317,593$1,130,443▲ $812,850
Mortgage Notes Payable Secured by Investment Property$250,000$0▼ $250,000
Accounts Payable and Accrued Expenses$75,762$80,506▲ $4,744
Total Liabilities$5,355,597$5,919,857▲ $564,260
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$1,543,615$4,081,927▲ $2,538,312
Total Net Assets Fund Balance$1,543,615$4,081,927▲ $2,538,312
Total Liabilities and Net Assets / Fund Balance$6,899,212$10,001,784▲ $3,102,572

Asset Categories

AssetBook ValueDepreciationBasis
Equipment$25,552$14,940-
Other Securities$4,715,575--
Compensation and Service Providers

Board Members and Trustees

NameTitle
William LeachChairperson
David ParedesVice President
Russel LeachVice President
Bernard ShukoskiBoard Member
James LeachBoard Member
Jerry MartinBoard Member
Keven PettyBoard Member
Ryan RowlandBoard Member
Tawana AgullarSecretary
Grant StephensTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$1,925,000
Program Service Revenue
$2,258,248
Investment Income
$21,768
Other Revenue
$3,834
All Other Contributions
$25,000
Change in Net Assets
$2,538,312
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Salaries, Compensation, and Employee Benefits$1,271,823
Other Expenses$241,605
Grants and Similar Amounts Paid$157,110
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$1,046,148$142,657-$1,188,805
Grants to Domestic Orgs$157,110--$157,110
Office Expenses$90,197$12,300-$102,497
Pension Plan Contributions$72,622$9,903-$82,525
Travel$51,540$7,028-$58,568
Fees for Services Accounting$18,872$2,573-$21,445
Insurance$5,010$683-$5,693
Depreciation Depletion$3,786$516-$4,302
Interest$1,145$156-$1,301
Payroll Taxes$434$59-$493
Other Expenses$187$26-$213
Total Functional Expenses$1,488,927$181,611$0$1,670,538
International Activity

Grant and Assistance Recipients

RecipientLocationCategoryPurposeAmount
Living Way FontanaFontana, CA501(c)(3)Missions Support$30,000
Riverside Life ServicesRiverside, CA501(c)(3)Missions Support$30,000
Solutions for Change IncVista, CA501(c)(3)Missions Support$12,225
Eagle Mountain CommunityBend, OR501(c)(3)Missions Support$10,000
Rancho De Sus Ninos IncPotrero, CA501(c)(3)Improve the Welfare and Living Condition of Orphans in Tecate Mexico and Sighisoara Romania$10,000
The Grove Community ChurchRiverside, CA501(c)(3)Improve the Welfare of Foster Children in Riverside California$10,000
Watoto Watoto Child Care MinistryTampa, FL501(c)(3)Missions Support$10,000
Rebirth HomesRiverside, CA501(c)(3)Missions Support$9,450
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Deposits$775,000
Due to Affiliates$355,443
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
No

Governance Explanations

Form 990, Part VI, Section A, Line 2

James leach is the father of rusty leach and william leach, as such william and rusty are brothers. There are no other family relations between kingdom's officers and directors.

Form 990, Part VI, Section B, Line 11B

After the cfo reviews the draft copy, he provides the draft to the board along with a summary of its contents.

Form 990, Part VI, Section B, Line 12C

The organization regularly and consistently monitors and enforces compliance with the conflict of interest policy through annual review and regular communication with the board of directors.

Form 990, Part VI, Section C, Line 19

The organization makes its governing documents, conflict of interest policy, and financial statements available to the public upon request.

Filing and Contact Details

Filer

Filer Name
Kingdom Development Inc
EIN
32-0483333
Phone
9515386244
Address
6451 BOX SPRINGS BLVD, RIVERSIDE, CA 92507

Signing Officer

Name
William Leach
Title
President
Phone
9515386244
Signed
2022-11-14
Discuss with paid preparer
Yes

Organization Details

Principal Officer
William Leach
Formed
2015
Legal Domicile
CA
Voting Board Members
6
Independent Board Members
4
Employees
0
Volunteers
4

Preparer

Firm
DAUBY O'CONNOR & ZALESKI LLC
Address
501 CONGRESSIONAL BLVD 300, CARMEL, IN 46032
Preparer
Heather L Plake
Phone
3178485700
Supplemental Narrative

Additional Explanations

Form 990, Page 12, Part XII, Line 2C

Overview of the audit function the audit committee assumes responsibility for oversight of the audit of its financial statements and selection of an independent accountant.

Schedule A, Part III, Section B, Line 12

Other income for the years 2017 through 2020 has been reclassified to line 10a as the income is related to gross income from interest.

Raw XML AppendixShowing 400 of 1,007 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

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IRS990/ProgramServiceRevenueGrp/Desc1DEVELOPMENT FEES
IRS990/ProgramServiceRevenueGrp/Desc2PARTNERSHIP FEES
IRS990/ProgramServiceRevenueGrp/Desc3MISCELLANEOUS INCOME
IRS990/ProgramServiceRevenueGrp/Desc4SALE OF CREDITS REVENU
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IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1700000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2129548
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3102000
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt410000
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IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3102000
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt410000
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt095027
IRS990/PYInvestmentIncomeAmt09803
IRS990/PYOtherExpensesAmt0184752
IRS990/PYOtherRevenueAmt00
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IRS990/PYTotalProfFndrsngExpnsAmt00
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IRS990/QuidProQuoContributionsInd00
IRS990/ReconcilationRevenueExpnssAmt02538312
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
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IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt02258248
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/Form990ScheduleAPartVIGrp/ExplanationTxt0MISCELLANEOUS INCOME CONSISTS OF SOFTWARE INCOME AND OTHER INCOME ITEMS FOR SERVICES PROVIDED FOR LOW INCOME ASSISTANCE.
IRS990ScheduleA/Form990ScheduleAPartVIGrp/FormAndLineReferenceDesc0SCHEDULE A, PART III, LINE 12:
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IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt02258248
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IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt012432
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt071053
IRS990ScheduleA/InvestmentIncomeCYPct00.01650
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IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
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IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
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IRS990ScheduleA/Total509Grp/TotalAmt04235668
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04208850
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt036973
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0DEPOSITS
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IRS990ScheduleD/OtherSecuritiesGrp/BookValueAmt14715575
IRS990ScheduleD/OtherSecuritiesGrp/Desc0BOND RESERVES
IRS990ScheduleD/OtherSecuritiesGrp/Desc1INVESTMENT IN AMCAL ANTIOCH FUND LP
IRS990ScheduleD/OtherSecuritiesGrp/MethodValuationCd0C
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IRS990ScheduleI/GrantRecordsMaintainedInd01
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IRS990ScheduleI/RecipientTable/IRCSectionDesc0501(C)(3)
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IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt30
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt40
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt50
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt60
IRS990ScheduleI/RecipientTable/NonCashAssistanceAmt70
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt0MISSIONS SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt1MISSIONS SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt2MISSIONS SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt3MISSIONS SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt4IMPROVE THE WELFARE OF FOSTER CHILDREN IN RIVERSIDE CALIFORNIA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt5IMPROVE THE WELFARE AND LIVING CONDITION OF ORPHANS IN TECATE MEXICO AND SIGHISOARA ROMANIA
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt6MISSIONS SUPPORT
IRS990ScheduleI/RecipientTable/PurposeOfGrantTxt7MISSIONS SUPPORT
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt0LIVING WAY FONTANA
IRS990ScheduleI/RecipientTable/RecipientBusinessName/BusinessNameLine1Txt1RIVERSIDE LIFE SERVICES

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