The Missouri-based religious development fund has opened its securities to non-accredited investors with a minimum buy-in of just $250.

April 06, 2026

United Pentecostal Church Development Fund, Inc., a Missouri corporation based in Weldon Spring, has initiated a $10 million exempt debt offering under SEC Regulation D, Rule 506(b). The offering, which had its first sale on February 20, 2026, is intended to remain open for more than one year.

As of the notice date, the fund had sold $5,000 of the total $10 million target, with $9.995 million remaining. The offering is notably open to non-accredited investors — one such investor had already participated at the time of the disclosure. The minimum investment threshold is set at $250, making the securities accessible to a broad base of participants, consistent with the faith-based development fund model common among religious organizations.

Fund Profile

The fund is classified under the Other industry category and reports annual revenues in the $1 million to $5 million range. No sales commissions or finders fees are being paid in connection with the offering, and no proceeds are earmarked for payments to the fund’s officers or directors. Solicitation activity was noted in five states: Alabama, Idaho, North Carolina, Washington, and Wisconsin.

Leadership

The fund’s leadership structure includes eight named individuals, all operating out of the same Weldon Spring, Missouri address. G. Alan Browning, Michael Shelton, and Thomas S. Russell each serve in dual roles as both executive officers and directors. Richard Lovall, Lincoln A. Graham Jr., Cole J. Romey, and Roger D. Lewis serve as executive officers, while Russell Campbell is listed solely as a director. Lovall, who holds the title of President, signed the notice on February 27, 2026.

Context

Church-affiliated development funds like this one typically raise capital through debt securities to finance construction, renovation, and expansion of church properties and related facilities. The low minimum investment and inclusion of non-accredited investors reflect an approach designed to encourage broad participation among congregants and supporters rather than institutional capital.