Civic Intelligence

Ferndale Properties Inc

990EZ • Fiscal year 2023 • EIN 20-1454054

Jun 01, 2022 to May 31, 2023 • Filed on Apr 14, 2024

21701 Woodward Avenue 428 428Ferndale, MI 48220

(248) 542-1146

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

87th percentile

0.98x

Higher debt load relative to assets than 87% of similar nonprofits.

2023 filings • 501(c)2 • <$500k nonprofits • Source year 2023

Liabilities / Revenue

Score unavailable

No value available

Liabilities-to-revenue requires both liabilities and revenue on this filing.

Source year 2023

Net Margin

Score unavailable

No value available

Net margin requires both revenue and expenses on this filing.

Source year 2023

Top Officer Pay

82nd percentile

$0

Higher top officer pay than 82% of similar nonprofits.

2023 filings • 501(c)2 • <$500k nonprofits • Source year 2023

Asset Growth

41st percentile

-3.5%

Faster asset growth than 41% of similar nonprofits.

2023 filings • 501(c)2 • <$500k nonprofits • Annualized from 2022 to 2023

Revenue Growth

Score unavailable

No value available

A valid growth rate could not be computed from the available filing history.

Annualized from 2022 to 2023

Assets

Down

$159,650

Down $5,726 (-3.5%) from 2022

Net Assets

Down

$2,581

Down $6,308 (-71%) from 2022

Liabilities

Up

$157,069

Up $582 (+0.4%) from 2022

Revenue

Flat

$0

Flat from 2022

Expenses

Down

$6,308

Down $578 (-8.4%) from 2022

Net Income

Up

-$6,308

Up $578 (+8.4%) from 2022

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$200K$150K$100K$50K$0-$50KAssets 2011: $148,858Liabilities 2011: $141,8732011Assets 2012: $151,132Liabilities 2012: $141,8732012Assets 2013: $155,139Liabilities 2013: $141,8732013Assets 2014: $158,425Liabilities 2014: $141,8732014Assets 2015: $161,384Liabilities 2015: $141,8732015Assets 2016: $166,129Liabilities 2016: $141,8732016Assets 2017: $180,960Liabilities 2017: $153,0282017Assets 2018: $181,955Liabilities 2018: $153,0282018Assets 2019: $184,875Liabilities 2019: $153,0282019Assets 2020: $179,620Liabilities 2020: $155,4542020Assets 2021: $171,443Liabilities 2021: $155,668Net Assets 2021: $15,7752021Assets 2022: $165,376Liabilities 2022: $156,487Net Assets 2022: $8,8892022Assets 2023: $159,650Liabilities 2023: $157,069Net Assets 2023: $2,5812023Assets 2024: $153,328Liabilities 2024: $157,405Net Assets 2024: -$4,0772024

Highlighted filing

2023

Assets$159,650
Liabilities$157,069
Net Assets$2,581

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$20K$10K$0-$10KRevenue 2011: $10,450Expenses 2011: $5,821Net Income 2011: $4,6292011Revenue 2012: $9,550Expenses 2012: $7,276Net Income 2012: $2,2742012Revenue 2013: $9,600Expenses 2013: $5,593Net Income 2013: $4,0072013Revenue 2014: $8,800Expenses 2014: $5,514Net Income 2014: $3,2862014Revenue 2015: $9,600Expenses 2015: $6,641Net Income 2015: $2,9592015Revenue 2016: $9,600Expenses 2016: $4,855Net Income 2016: $4,7452016Revenue 2017: $11,050Expenses 2017: $7,374Net Income 2017: $3,6762017Revenue 2018: $10,200Expenses 2018: $9,205Net Income 2018: $9952018Revenue 2019: $10,250Expenses 2019: $7,330Net Income 2019: $2,9202019Revenue 2020: $9,150Expenses 2020: $16,831Net Income 2020: -$7,6812020Revenue 2021: $0Expenses 2021: $8,391Net Income 2021: -$8,3912021Revenue 2022: $0Expenses 2022: $6,886Net Income 2022: -$6,8862022Revenue 2023: $0Expenses 2023: $6,308Net Income 2023: -$6,3082023Revenue 2024: $0Expenses 2024: $6,658Net Income 2024: -$6,6582024

Highlighted filing

2023

Revenue$0
Expenses$6,308
Net Income-$6,308
Jump To
Filing Snapshot
Filing Period
Jun 1, 2022 to May 31, 2023
Signed
Apr 14, 2024
Return Version
2022v5.0
Mission and Program Overview

Mission

Organized under irc section 501(c)(2)to hold title to property of machpelah cemetery.

Program Services

DescriptionGrantsExpenses
Holds title to property held by Machpelah Cemetery.--
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseOtherTotal
FREDRICK S LEVIN ESQPresident-$0--
MARTINA MURPHYTreasurer-$0--
Filing and Contact Details

Filer

Filer Name
Ferndale Properties Inc
EIN
20-1454054
Phone
2485421146
Address
21701 Woodward Avenue 428 428, FERNDALE, MI 48220

Signing Officer

Name
Fredrick S Levin Esq
Title
President
Signed
2024-04-14
Discuss with paid preparer
Yes

Preparer

Firm
Derderian Kann Seyferth & Salucci PC
Address
3001 West Big Beaver Suite 700, Troy, MI 48084
Preparer
David R Gac CPA
Phone
2486493400
Supplemental Narrative

Additional Explanations

Other Expenses.1

REAL ESTATE TAXES $3726

Other Expenses.2

INSURANCE $1805

Other Expenses.3

GROUNDS MAINTENANCE $582

Other Expenses.4

Building maintenance $195

Total Liabilities.1

UNSECURED NOTES AND LOANS PAYABLE - Beginning $141223 UNSECURED NOTES AND LOANS PAYABLE - Ending $141223

Total Liabilities.2

- Beginning $0 - Ending $0

Form 990-ez, Part V - Additional Information

Form 990-ez, part v, line 35b - unfiled or unreported income on form 990-t ferndale properties, inc. Did not have unrelated business gross income of $1,000 or more from business activities during the fiscal year ended may 31, 2023.form 990-ez, part v, line 44d - reason form 720 was not filed: ferndale properties, inc. Did not receive any payments for indoor tanning services during the fiscal year ended may 31, 2023. Therefore, nothing to report on form 720.

Raw XML Appendix113 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990EZ/ActivitiesNotPreviouslyRptInd0false
IRS990EZ/BooksInCareOfDetail/PersonNm0FERNDALE PROPERTIES INC
IRS990EZ/BooksInCareOfDetail/PhoneNum02485421146
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt021701 WOODWARD AVE
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0FERNDALE
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MI
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd0482200039
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt024153
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt018427
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/CostOfGoodsSoldAmt00
IRS990EZ/CostOrOtherBasisExpenseSaleAmt00
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0-6308
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0165376
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0159650
IRS990EZ/FundraisingGrossIncomeAmt00
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/LandAndBuildingsGrp/BOYAmt0141223
IRS990EZ/LandAndBuildingsGrp/EOYAmt0141223
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt08889
IRS990EZ/NetAssetsOrFundBalancesEOYAmt02581
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt08889
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt02581
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt10
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0FREDRICK S LEVIN ESQ
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARTINA MURPHY
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0President
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1Treasurer
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherExpensesTotalAmt06308
IRS990EZ/PartVIHghstPdCntrctProfSrvcTxt0NONE
IRS990EZ/PartVIOfCompOfHghstPdEmplTxt0NONE
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0ORGANIZED UNDER IRC SECTION 501(C)(2)TO HOLD TITLE TO PROPERTY OF MACHPELAH CEMETERY.
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0Holds title to property held by Machpelah Cemetery.
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SpecialEventsDirectExpensesAmt00
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0156487
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0157069
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TaxImposedOnOrganizationMgrAmt00
IRS990EZ/TaxImposedUnderIRC4911Amt00
IRS990EZ/TaxImposedUnderIRC4912Amt00
IRS990EZ/TaxImposedUnderIRC4955Amt00
IRS990EZ/TaxReimbursedByOrganizationAmt00
IRS990EZ/TotalExpensesAmt06308
IRS990EZ/TotalRevenueAmt00
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0REAL ESTATE TAXES $3726
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1INSURANCE $1805
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2GROUNDS MAINTENANCE $582
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3BUILDING MAINTENANCE $195
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4UNSECURED NOTES AND LOANS PAYABLE - Beginning $141223 UNSECURED NOTES AND LOANS PAYABLE - Ending $141223
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5- Beginning $0 - Ending $0
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6FORM 990-EZ, PART V, LINE 35B - UNFILED OR UNREPORTED INCOME ON FORM 990-T FERNDALE PROPERTIES, INC. DID NOT HAVE UNRELATED BUSINESS GROSS INCOME OF $1,000 OR MORE FROM BUSINESS ACTIVITIES DURING THE FISCAL YEAR ENDED MAY 31, 2023.FORM 990-EZ, PART V, LINE 44D - REASON FORM 720 WAS NOT FILED: FERNDALE PROPERTIES, INC. DID NOT RECEIVE ANY PAYMENTS FOR INDOOR TANNING SERVICES DURING THE FISCAL YEAR ENDED MAY 31, 2023. THEREFORE, NOTHING TO REPORT ON FORM 720.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0Other Expenses.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1Other Expenses.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2Other Expenses.3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3Other Expenses.4
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4Total Liabilities.1
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5Total Liabilities.2
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990-EZ, PART V - ADDITIONAL INFORMATION
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/AuthenticationAssuranceLevelCd0AAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/FederatedAssuranceLevelCd0FAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/IdentityAssuranceLevelCd0IAL1
ReturnHeader/AdditionalFilerInformation/TrustedCustomerGrp/TrustedCustomerCd02
ReturnHeader/BuildTS02023-04-26 12:10:37Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0FREDRICK S LEVIN ESQ
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0President
ReturnHeader/BusinessOfficerGrp/SignatureDt02024-04-14
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FERNDALE PROPERTIES INC
ReturnHeader/Filer/BusinessNameControlTxt0FERN
ReturnHeader/Filer/EIN0201454054
ReturnHeader/Filer/PhoneNum02485421146
ReturnHeader/Filer/USAddress/AddressLine1Txt021701 Woodward Avenue 428 428
ReturnHeader/Filer/USAddress/CityNm0FERNDALE
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MI
ReturnHeader/Filer/USAddress/ZIPCd048220
ReturnHeader/IRSResponsiblePrtyInfoCurrInd0true
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0381944367
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0Derderian Kann Seyferth & Salucci PC
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt03001 West Big Beaver Suite 700
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0Troy
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MI
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd048084
ReturnHeader/PreparerPersonGrp/PhoneNum02486493400
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0DAVID R GAC CPA
ReturnHeader/ReturnTs02024-04-15T10:52:43-07:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm0FREDRICK S LEVIN
ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm0ESQ
ReturnHeader/TaxPeriodBeginDt02022-06-01
ReturnHeader/TaxPeriodEndDt02023-05-31
ReturnHeader/TaxYr02022

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$1.53$1.57$0.04$0.00$0.07$0.07
2023Detailed filing. Detailed filing data is available for this year.$1.60$1.57$0.03$0.00$0.06$0.06
2022Detailed filing. Detailed filing data is available for this year.$1.65$1.56$0.09$0.00$0.07$0.07
2021Detailed filing. Detailed filing data is available for this year.$1.71$1.56$0.16$0.00$0.08$0.08
2020Summary only. Only limited summary data is available for this year.$1.80$1.55$0.09$0.17$0.08
2019Summary only. Only limited summary data is available for this year.$1.85$1.53$0.10$0.07$0.03
2018Summary only. Only limited summary data is available for this year.$1.82$1.53$0.10$0.09$0.01
2017Summary only. Only limited summary data is available for this year.$1.81$1.53$0.11$0.07$0.04
2016Summary only. Only limited summary data is available for this year.$1.66$1.42$0.10$0.05$0.05
2015Summary only. Only limited summary data is available for this year.$1.61$1.42$0.10$0.07$0.03
2014Summary only. Only limited summary data is available for this year.$1.58$1.42$0.09$0.06$0.03
2013Summary only. Only limited summary data is available for this year.$1.55$1.42$0.10$0.06$0.04
2012Summary only. Only limited summary data is available for this year.$1.51$1.42$0.10$0.07$0.02
2011Summary only. Only limited summary data is available for this year.$1.49$1.42$0.10$0.06$0.05