Overview
What is Kingdom Development Inc?
Kingdom Development Inc, headquartered in Riverside, California, is a dedicated nonprofit organization. Their primary mission is to enhance the well-being of low-income households by developing affordable housing opportunities. By fostering this type of housing, they aim to contribute significantly to the improvement of living conditions for those in need. The organization's activities are centered around this mission, striving to make a positive impact in its community.
Official website here: www.kingdomdevelopment.net
What are the reviews and ratings of this charity?
Kingdom Development Inc has earned a three-star rating with a score of 77% from Charity Navigator. This score is fully based on their Accountability & Finance, indicating strong governance practices but showing room for improvement. The organization exhibits a high Program Expense Ratio of 90.48%, reflecting commitment to allocating funds efficiently towards its mission.
The nonprofit is noted for having robust financial governance policies in place, such as a conflict of interest policy and a whistleblower policy. It also has a well-composed independent board. However, the charity lacks a document retention policy and does not post its tax form on its website, which could improve transparency.
Despite a positive program expense score, the liabilities to assets ratio is concerning at over 100%, suggesting financial strains that need addressing. Furthermore, the organization currently lacks evaluations for impact, culture, and leadership adaptability, hence potential donors might seek more information before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Kingdom Development Inc legitimate?
Kingdom Development Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Kingdom Development Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
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Other Salaries and Wages: $2,586,349
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Official website here: www.kingdomdevelopment.net
What is the mission statement of Kingdom Development Inc?
Kingdom Development Inc's mission is centered around enhancing the livelihoods of low-income households. They achieve this goal by focusing on the development of affordable housing. By providing such housing, the organization aims to assist individuals in need, helping them improve their welfare and living conditions. Their activities primarily involve fostering low-income and senior housing, serving as a catalyst for improved living standards within these communities.
Official website here: www.kingdomdevelopment.net
Who is the CEO of Kingdom Development Inc?
William Leach is the Chairperson of Kingdom Development Inc.
Official website here: www.kingdomdevelopment.net
What is the revenue of Kingdom Development Inc?
Kingdom Development Inc's revenue in 2022 was $11,841,838.
Official website here: www.kingdomdevelopment.net
Who are the executives of Kingdom Development Inc and what are their salaries?
There 4 volunteers at Kingdom Development Inc.
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Official website here: www.kingdomdevelopment.net
Where can I find the form 990 for Kingdom Development Inc?
Kingdom Development Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.kingdomdevelopment.net
Learn more at the official website: www.kingdomdevelopment.net
Mission Statement of Kingdom Development Inc
Kingdom Development Inc, as a mission-driven organization, aims to enhance the living conditions and welfare of low-income households. Their primary objective is to develop affordable housing, serving as a beacon of hope for those in need. By fostering low-income and senior housing, Kingdom Development Inc seeks to assist individuals in improving their daily lives and overall well-being. Their activities are geared towards uplifting communities and ensuring that everyone has access to a decent place to call home.
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Impact
October, 2024
Kingdom Development Inc has a significant impact on low-income households by focusing on the development of affordable housing in Riverside, CA. By providing access to safe and affordable living conditions, the organization plays a crucial role in improving the welfare of individuals and families who may struggle to find adequate housing. Their efforts help foster a healthier community, enhance living standards, and offer stability to those in need, including senior citizens. By prioritizing affordable housing solutions, Kingdom Development Inc contributes to breaking the cycle of poverty and creating opportunities for sustainable growth and development within the community.
This information is meant to be a general summary of Kingdom Development Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $393,305
- Program Service Revenue: $10,679,944
- Gross Receipts: $11,841,838
Assets and Liabilities:
- Total Assets: $132,175,601
- Total Liabilities: $132,782,494
- Net Assets: -$606,893
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
RENTAL INCOME
Revenue
$4,902,711
DEVELOPMENT FEES
Revenue
$3,847,655
TENANT CHARGES
Revenue
$971,201
FINANCIAL ADVISORY SERVICES
Revenue
$740,000
PARTNERSHIP FEES
Revenue
$165,877
Organization Details
Founding Year
2015
Phone
(951) 538-6244Principal Officer
William Leach
Main Address
6451 BOX SPRINGS BLVD, RIVERSIDE, CA, 92507
Website
www.kingdomdevelopment.netNTEE Category
Code: L20 - Housing
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