KINGDOM DEVELOPMENT INC (EIN 320483333) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

2015

Legal Domicile

Principal Officer

WILLIAM LEACH

Phone

9515386244

Tax Period

2023-01-01 to 2023-12-31

KINGDOM DEVELOPMENT INC, founded in 2015, is a mid-sized nonprofit in the Housing & Shelter sector that reported $26.0M in total revenue in fiscal year 2023. Revenue surged 120% from the prior year, signaling strong growth momentum. Expenses of $22.1M left a modest 15% surplus.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $2,177,576

Program Service Revenue $19,828,447

Investment Income $862,968

Other Revenue $3,167,121

TOTAL REVENUE $26,036,112

Expense Breakdown

Grants Paid $115,661

Salaries & Benefits $3,253,019

Fundraising Expenses $0

Program Expenses $19,948,290

Other Expenses $18,779,842

TOTAL EXPENSES $22,148,522

Year-over-Year Comparison

	2023	2022	Change
Revenue	$26,036,112	$11,841,838	+1.2%
Expenses	$22,148,522	$16,351,289	+0.4%
Net Income	$3,887,590	$-4,509,451	-1.9%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
WILLIAM LEACH	CHAIRPERSON	55.00	Officer Director	$0	$0	$0
JAMES LEACH	BOARD MEMBER	1.00	Director	$0	$0	$0
RYAN ROWLAND	BOARD MEMBER	1.00	Director	$0	$0	$0
KEVEN PETTY	BOARD MEMBER	1.00	Director	$0	$0	$0
BERNARD SHUKOSKI	BOARD MEMBER	1.00	Director	$0	$0	$0
TAWANA AGULLAR	SECRETARY	45.00	Director	$0	$0	$0
DAVID PAREDES	VICE PRESIDENT	40.00	Officer	$0	$0	$0
GRANT STEPHENS	TREASURER	50.00	Officer	$0	$0	$0
RUSSEL LEACH	VICE PRESIDENT	40.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$26,036,112	$22,148,522	$212,891,466	$3,887,590
2023	$21,209,818	$24,757,364	$159,426,857	$-3,547,546
2022	$17,625,126	$18,254,536	$138,636,106	$-629,410
2022	$11,841,838	$16,351,289	$132,175,601	$-4,509,451
2021	$4,208,850	$1,670,538	$10,001,784	$2,538,312
2020	$6,500,346	$1,218,834	$6,936,735	$5,281,512
2020	$1,758,248	$1,219,834	$6,899,212	$538,414
2019	$1,050,696	$838,645	$1,505,299	$212,051
2018	$1,007,015	$490,488	$962,165	$516,527

KINGDOM DEVELOPMENT INC