Flagship United Community Development Co rporation (EIN 205769751) - 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

2006

Legal Domicile

Principal Officer

Janine Lee

Phone

2284674545

Tax Period

2024-01-01 to 2024-12-31

Flagship United Community Development Co rporation, founded in 2006, is a micro nonprofit in the Housing & Shelter sector that reported $11K in total revenue in fiscal year 2024. Expenses of $22K exceeded revenue, resulting in a 97% operating deficit.

Mission

To provide quality housing for persons of low income.

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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 (2024)

Revenue Breakdown

Contributions & Grants $0

Program Service Revenue $0

Investment Income $11,250

Other Revenue $0

TOTAL REVENUE $11,250

Expense Breakdown

Grants Paid $0

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $8,358

Other Expenses $22,204

TOTAL EXPENSES $22,204

Year-over-Year Comparison

	2024	2023	Change
Revenue	$11,250	$11,250	N/A
Expenses	$22,204	$16,991	+0.3%
Net Income	$-10,954	$-5,741	+0.9%

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
Charles Gallagher	Chairman	1.00	Officer Director	$0	$0	$0
Janet Freeman	Vice Chairman	1.00	Officer Director	$0	$0	$0
Karen Singleton	Commissioner	1.00	Director	$0	$0	$0
Clementine Williams	Commissioner	1.00	Director	$0	$0	$0
Joan Bennett	Commissioner	1.00	Director	$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	$11,250	$22,204	$4,860,953	$-10,954
2023	$11,250	$16,991	$4,871,907	$-5,741
2022	$11,250	$22,064	$4,877,798	$-10,814
2021	$11,978	$10,078	$4,888,762	$1,900
2020	$13,928	$16,312	$6,534,482	$-2,384
2019	$17,377	$17,848	$5,302,227	$-471
2018	$13,640	$16,196	$5,302,698	$-2,556

Flagship United Community Development Co rporation