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White Flag Foundation

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 854226073 ✦ Glendale, CA ✦ Designated as a 501(c)(3)

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Overview

What is White Flag Foundation?

The White Flag Foundation, situated in Glendale, California, is a nonprofit organization primarily focused on investing in residential care facilities for the elderly. Their mission is to provide affordable group housing for senior individuals, with the ultimate goal of enhancing their quality of life within the Greater Los Angeles County. Currently, the foundation is engaged in real estate investments.

Is White Flag Foundation legitimate?

White Flag Foundation is a legitimate nonprofit organization registered as a 501(c)(3) entity. White Flag Foundation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0

For more financial information, click here

What is the mission statement of White Flag Foundation?

The White Flag Foundation's mission is centered around providing affordable group housing for elderly individuals. This is done with the aim of improving their quality of life at the lowest feasible cost. The foundation actively invests in residential care facilities for the elderly, demonstrating their commitment to this cause. By offering affordable group housing, the foundation seeks to enhance the living experiences of senior citizens within the greater Los Angeles county.

Who is the CEO of White Flag Foundation?

Gayane Petrosyan is the Director of White Flag Foundation.

What is the revenue of White Flag Foundation?

White Flag Foundation's revenue in 2021 was $390,600.

Who are the executives of White Flag Foundation and what are their salaries?


Here are 2 key members and their salaries:


Eliza Chobanyan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Gayane Petrosyan (Director)
  • Compensation: $0
  • Related: $0
  • Other: $0
Where can I find the form 990 for White Flag Foundation?

White Flag Foundation's most recent form 990 was submitted in 2021 and can be accessed here.

Mission Statement of White Flag Foundation

The White Flag Foundation, a nonprofit organization, is committed to improving the quality of life for elderly individuals residing in the Greater Los Angeles County. Their mission is to provide affordable group housing for senior citizens at the most feasible cost possible. To accomplish this, the foundation invests in residential care facilities specifically designed for the elderly. By offering affordable housing options, White Flag Foundation aims to enhance the living conditions and overall well-being of elderly individuals within the community.

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Impact




October, 2024

White Flag Foundation significantly enhances the quality of life for seniors in the Greater Los Angeles County by investing in residential care facilities specifically designed for elderly individuals. By focusing on affordable group housing solutions, the foundation addresses the pressing need for accessible living options that cater to the unique requirements of seniors. This initiative not only ensures that elderly individuals can access safe and comfortable environments but also fosters a sense of community among residents, ultimately leading to improved well-being and social connection. Through its work in real estate investments, White Flag Foundation is making a meaningful difference in the lives of seniors and their families, contributing to a more supportive and inclusive environment for the aging population.




This information is meant to be a general summary of White Flag Foundation. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$390,600 (2021)
Expenses
$5,000 (2021)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2021.

  • Gross Receipts: $390,600

Assets and Liabilities:

  • Total Assets: $385,600
  • Total Liabilities: $0
  • Net Assets: $385,600

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Organization Details

Founding Year

2020

Principal Officer

Gayane Petrosyan

Main Address

220 S KENWOOD ST STE 101, GLENDALE, CA, 91205

NTEE Category

Code: L22 - Housing

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