Nonprofit · EIN 85-4226073
WHITE FLAG FOUNDATION
Tax-exempt · GLENDALE, CA 91205
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $42,000 | $43,701 | -$1,701 | $15,632 | $514 | $15,118 |
| December 31, 2023 | 990 | $20,000 | $24,261 | -$4,261 | $381,339 | $0 | $381,339 |
| December 31, 2022 | 990 | $0 | $29,115 | -$29,115 | $356,485 | $0 | $356,485 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $42,000
- Program service revenue
- $0
- Investment income
- $0
- Other revenue
- $0
Expenses
- Grants and similar amounts paid
- $0
- Compensation of officers, directors and key employees
- $0
- Other salaries and wages
- $17,160
- Salaries, compensation and benefits (total)
- $21,045
- Professional fundraising fees
- $0
- Accounting fees
- $500
- Travel
- $214
Balance sheet and other
- Total assets, start of year
- $381,339
- Total assets, end of year
- $15,632
- Total liabilities, end of year
- $514
- Net assets, end of year
- $15,118
- Gross receipts
- $42,000
- Employees
- 2
- Year formed
- 2020
- State of legal domicile
- CA
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.
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZA CHOBANYAN | DIRECTOR Trustee or director, Officer, Key employee | 40 | $0 |
| GAYANE PETROSYAN | DIRECTOR Trustee or director, Officer | 40 | $0 |
990 for the year ended December 31, 2023: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZA CHOBANYAN | DIRECTOR Trustee or director, Officer, Key employee | 40 | $0 |
| GAYANE PETROSYAN | DIRECTOR Trustee or director, Officer | 40 | $0 |
990 for the year ended December 31, 2022: 2 people
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| ELIZA CHOBANYAN | DIRECTOR Trustee or director, Officer, Key employee | 40 | $0 |
| GAYANE PETROSYAN | DIRECTOR Trustee or director, Officer | 40 | $0 |
Address and contacts
- Address (IRS master file)
- 220 S KENWOOD ST STE 101, GLENDALE, CA 91205-1671
- Mailing address (990-N for 2020)
- 220 S KENWOOD ST Apt 101, GLENDALE CA 91205
- Principal officer (990 for 2024)
- GAYANE PETROSYAN, 220 S KENWOOD ST STE 101, GLENDALE, CA 91205
- Principal officer (990-N for 2020)
- GAYANE PETROSYAN, 220 S KENWOOD ST Room/Suite 101, GLENDALE CA 91205
- Signed the 990
- GAYANE PETROSYAN, SECRETARY
- Phone
- (323) 394-8000
- Return prepared by
- CAPITAL FINANCIAL NETWORK
California records
California keeps its own records of charities and corporations. Search them by EIN 85-4226073 or by the name WHITE FLAG FOUNDATION.
- Attorney General, Registry of Charities and Fundraisers
- Registration status and filed reports (CT-TR-1, RRF-1)
- Secretary of State, bizfile Online
- Corporation status, entity number, agent for service
- Franchise Tax Board
- Entity status letter (state tax exemption, good standing)
Mission
MISSION IS TO PROVIDE AFORDABLE GROUP HOUSING FOR ELDERLY INDIVIDUALS AT THE LOWEST FEASABLE COST TO IMPROVE THE QUALITY OF LIFE FOR SENIORS WITH IN THE GREATER LOS ANGELES COUNTY
Program accomplishments
- INVEST IN RESIDENTIAL CARE FACILITIES FOR ELDERLIES
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 year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 85-4226073
- 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
- 2021
- Accounting year ends
- December
- Files
- Form 990-N (e-Postcard)
- Category (NTEE)
- Housing and shelter (L22)
- Assets (IRS master file)
- $15,632
- Income (IRS master file)
- $42,000
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $42,000 | $43,701 | $15,632 | XML |
| 990 | December 2023 | $20,000 | $24,261 | $381,339 | XML |
| 990 | December 2022 | $0 | $29,115 | $356,485 | XML |
| 990 | December 2021 | – | – | – | IRS |
| 990-N for 2020 Officer: GAYANE PETROSYAN | December 31, 2020 | ≤ $50,000 receipts | – | – | e-Postcard |
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 85-4226073).
Questions about WHITE FLAG FOUNDATION
- What is the EIN of WHITE FLAG FOUNDATION?
- The employer identification number (EIN) of WHITE FLAG FOUNDATION is 85-4226073.
- Is WHITE FLAG FOUNDATION tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2021.
- Are donations to WHITE FLAG FOUNDATION tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does WHITE FLAG FOUNDATION file?
- Form 990-N (e-Postcard). Gross receipts normally $50,000 or less.
- When is the next return of WHITE FLAG FOUNDATION 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 WHITE FLAG FOUNDATION 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 WHITE FLAG FOUNDATION?
- The 990 for the year ended December 31, 2024 names GAYANE PETROSYAN.
- Who are the officers and directors of WHITE FLAG FOUNDATION?
- The 990 for the year ended December 31, 2024 lists 2 people; 0 received compensation from the organization.
- How much revenue does WHITE FLAG FOUNDATION have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $42,000, expenses of $43,701 and total assets of $15,632 at year end.
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