Flagship United Communitydevelopment Corporation
Flagship United Communitydevelopment Corporation consistently spends more than it earns, drawing down significant assets.
EIN: 205769751 · Bay St Louis, MS · NTEE: L21 · Updated: 2026-03-28
Is Flagship United Communitydevelopment Corporation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Flagship United Communitydevelopment Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Flagship United Communitydevelopment Corporation
Flagship United Communitydevelopment Corporation (EIN: 205769751) is a nonprofit organization based in Bay St Louis, MS, classified under NTEE code L21. The organization reported total revenue of $11K and total assets of $4.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Flagship United Communitydevelopment Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Flagship United Communitydevelopment Corporation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Flagship United Communitydevelopment Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is a positive for resource allocation given the organization's modest revenue.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Flagship United Communitydevelopment Corporation's IRS 990 filings:
- Consistent deficit spending (expenses exceeding revenue) in recent years, e.g., $16,991 expenses vs. $11,250 revenue in 2023.
- Gradual decline in total assets from a peak of $6,859,706 in 2017 to $4,860,953 currently, indicating asset depletion.
- Very low annual revenue generation relative to the substantial asset base, raising questions about asset utilization.
- Lack of detailed expense breakdown (program, admin, fundraising) in the provided summary makes efficiency analysis difficult.
Strengths
The following positive indicators were identified for Flagship United Communitydevelopment Corporation:
- Consistent filing of IRS 990 forms, demonstrating transparency in reporting.
- No officer compensation reported across all available filings, indicating efficient use of funds at the executive level.
- Substantial asset base of $4,860,953, providing a financial cushion, though it is being drawn down.
Frequently Asked Questions about Flagship United Communitydevelopment Corporation
Is Flagship United Communitydevelopment Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Flagship United Communitydevelopment Corporation (EIN: 205769751) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Flagship United Communitydevelopment Corporation spend its money?
Flagship United Communitydevelopment Corporation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Flagship United Communitydevelopment Corporation tax-deductible?
Flagship United Communitydevelopment Corporation is registered as a tax-exempt nonprofit (EIN: 205769751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Flagship United Communitydevelopment Corporation financially sustainable?
Based on the consistent trend of expenses exceeding revenue (e.g., $16,991 expenses vs. $11,250 revenue in 2023), the organization's current financial model does not appear sustainable without drawing down its asset base.
Why has the organization's revenue been so low in recent years compared to its assets?
The organization's revenue has been consistently low, often in the range of $11,000-$17,000 annually, despite holding assets close to $5 million. This suggests either a very limited operational scope or a significant underutilization of its asset base for revenue generation.
What caused the significant revenue spike in 2016 ($938,405) and 2014 ($93,063)?
The data shows a significant revenue spike in 2016 ($938,405) and a smaller one in 2014 ($93,063), which are outliers compared to the typical annual revenue of around $11,000-$17,000. Understanding the source of these funds (e.g., grants, specific projects) would be crucial to assess future funding potential.
How are the organization's substantial assets being utilized?
With assets of $4,860,953 and minimal operational revenue, it's important to understand how these assets are held (e.g., endowments, property) and if they are generating any income or directly supporting program activities.
Filing History
IRS 990 filing history for Flagship United Communitydevelopment Corporation showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Flagship United Communitydevelopment Corporation's revenue has declined by 94.9%, moving from $223K to $11K. Total assets decreased by 79.3% over the same period, from $23.6M to $4.9M. Total functional expenses rose by 345.3%, from $4K to $17K. In its most recent filing year (2023), Flagship United Communitydevelopment Corporation reported a deficit of $6K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $11K | $17K | $4.9M | $0 | — | — |
| 2022 | $11K | $22K | $4.9M | $150 | — | View 990 |
| 2021 | $12K | $10K | $4.9M | $300 | — | View 990 |
| 2020 | $14K | $16K | $6.5M | $1.6M | — | — |
| 2019 | $17K | $18K | $5.3M | $0 | — | View 990 |
| 2018 | $14K | $16K | $5.3M | $0 | — | View 990 |
| 2017 | $13K | $16K | $6.9M | $1.6M | — | — |
| 2016 | $938K | $17K | $6.8M | $1.5M | — | View 990 |
| 2015 | $10K | $15K | $4.4M | $0 | — | View 990 |
| 2014 | $93K | $228K | $4.4M | $150 | — | View 990 |
| 2013 | $223K | $4K | $23.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11K, expenses of $17K, and assets of $4.9M (revenue +0.0% year-over-year).
- 2022: Revenue of $11K, expenses of $22K, and assets of $4.9M (revenue -6.1% year-over-year).
- 2021: Revenue of $12K, expenses of $10K, and assets of $4.9M (revenue -14.0% year-over-year).
- 2020: Revenue of $14K, expenses of $16K, and assets of $6.5M (revenue -19.8% year-over-year).
- 2019: Revenue of $17K, expenses of $18K, and assets of $5.3M (revenue +27.4% year-over-year).
- 2018: Revenue of $14K, expenses of $16K, and assets of $5.3M (revenue +3.8% year-over-year).
- 2017: Revenue of $13K, expenses of $16K, and assets of $6.9M (revenue -98.6% year-over-year).
- 2016: Revenue of $938K, expenses of $17K, and assets of $6.8M (revenue +9160.9% year-over-year).
- 2015: Revenue of $10K, expenses of $15K, and assets of $4.4M (revenue -89.1% year-over-year).
- 2014: Revenue of $93K, expenses of $228K, and assets of $4.4M (revenue -58.2% year-over-year).
- 2013: Revenue of $223K, expenses of $4K, and assets of $23.6M.
Data Sources and Methodology
This transparency report for Flagship United Communitydevelopment Corporation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.