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Nonprofit · EIN 20-5769751

FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION

Tax-exempt (reinstated) · BAY ST LOUIS, MS 39521

Financials

$11K$17K2023$11K$22K2024
Revenue Expenses · by fiscal year end
Financials of FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2024990$11,250$22,204-$10,954$4,860,953$0$4,860,953
December 31, 2023990$11,250$16,991-$5,741$4,871,907$0$4,871,907
Financial details: 990 for the year ended December 31, 2024

Revenue

Contributions, gifts and grants
$0
Program service revenue
$0
Investment income
$11,250
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Salaries, compensation and benefits (total)
$0
Professional fundraising fees
$0
Accounting fees
$9,746
Program services (functional)
$8,358
Management and general (functional)
$13,846

Balance sheet and other

Total assets, start of year
$4,871,907
Total assets, end of year
$4,860,953
Total liabilities, end of year
$0
Net assets, end of year
$4,860,953
Net assets without donor restrictions
$4,860,953
Gross receipts
$11,250
Employees
0
Volunteers
5
Year formed
2006
State of legal domicile
MS

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2024, highest compensation first.

NameTitleHours / weekCompensation
Charles GallagherChairman
Trustee or director, Officer
1$0
Janet FreemanVice Chairman
Trustee or director, Officer
1$0
Karen SingletonCommissioner
Trustee or director
1$0
Clementine WilliamsCommissioner
Trustee or director
1$0
Joan BennettCommissioner
Trustee or director
1$0
990 for the year ended December 31, 2023: 5 people
NameTitleHours / weekCompensation
Charles GallagherChairman
Trustee or director, Officer
1$0
Janet FreemanVice Chairman
Trustee or director, Officer
1$0
Karen SingletonCommissioner
Trustee or director
1$0
Clementine WilliamsCommissioner
Trustee or director
1$0
Joan BennettCommissioner
Trustee or director
1$0

Address and contacts

Address (IRS master file)
PO BOX 2219, BAY ST LOUIS, MS 39521-2219
In care of
% KAREN LADNER PRESIDENT
Principal officer (990 for 2024)
Janine Lee, PO Box 2219, Bay Saint Louis, MS 395212219
Signed the 990
Janine Lee, Executive Director
Phone
(228) 467-4545
Return prepared by
Aprio Advisory Group LLC

Mission

To provide quality housing for persons of low income.

990 for the year ended December 31, 2024

Program accomplishments

  • Provide housing for low income residents of Bay St. Louis and Waveland Mississippi.
    Expenses $8,358

What it must file and when

IRS records say it files Form 990-N (e-Postcard). Gross receipts normally $50,000 or less. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025990 on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
20-5769751
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (170(b)(1)(A)(vi))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2014
Accounting year ends
December
Files
Form 990-N (e-Postcard)
Assets (IRS master file)
$4,860,953
Income (IRS master file)
$11,250

Revocation and reinstatement

Exemption revoked
May 15, 2010
Posted by the IRS
June 9, 2011
Reinstated
Effective October 15, 2012

From the IRS automatic revocation list: organizations that did not file a required return or e-Postcard for three consecutive years.

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2024$11,250$22,204$4,860,953XML
990December 2023$11,250$16,991$4,871,907XML
990December 2022$11,250$22,064$4,877,798IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 20-5769751).

Questions about FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION

What is the EIN of FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION?
The employer identification number (EIN) of FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION is 20-5769751.
Is FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION tax-exempt?
Yes. The IRS revoked its exemption on May 15, 2010 and reinstated it effective October 15, 2012.
Are donations to FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION file?
Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
When is the next return of FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2024.
Who is the principal officer of FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 names Janine Lee.
Who are the officers and directors of FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION?
The 990 for the year ended December 31, 2024 lists 5 people; 0 received compensation from the organization.
How much revenue does FLAGSHIP UNITED COMMUNITYDEVELOPMENT CORPORATION have?
On its 990 for the year ended December 31, 2024 it reported revenue of $11,250, expenses of $22,204 and total assets of $4,860,953 at year end.

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