Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Ferndale Estates Inc
EIN 41-6052783 • 501(c)4 • Montevideo, MN
Profile
The organization provides low income housing with thte help of subsidies from the usda. The low income housing includes 8 units with one and two bedroom apartments.
Siviq Scores
Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.
0.65x
Liabilities / Revenue
98th percentile
Higher debt load relative to revenue than 98% of similar nonprofits.
Net Margin
61st percentile
Higher net margin than 61% of similar nonprofits.
Top Officer Pay
89th percentile
Higher top officer pay than 89% of similar nonprofits.
Top officer pay equals 0.1% of source-year revenue.
Asset Growth
56th percentile
Faster asset growth than 56% of similar nonprofits.
Revenue Growth
75th percentile
Faster revenue growth than 75% of similar nonprofits.
Balance Sheet
Assets
Up$426,744
Up $2,754 (+0.6%) from 2024
Liabilities
Down$278,960
Down $4,113 (-1.5%) from 2024
Net Assets
$147,784
No earlier filing loaded for comparison.
Revenue
Up$93,682
Up $14,276 (+18%) from 2024
Expenses
Up$86,819
Up $1,194 (+1.4%) from 2024
Net Income
Up$6,863
Up $13,082 (+210%) from 2024
Trend Graphs
Filings
Most recent year
2025 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $426,744
- Liabilities
- $278,960
- Net assets
- $147,784
- Revenue
- $93,682
- Expenses
- $86,819
- Net income
- $6,863
Latest Filing Detail
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2024 to Jun 30, 2025
- Signed
- Oct 29, 2025
- Return Version
- 2024v5.0
- Gross Receipts
- $93,682
Mission and Program Overview
Mission
To provide rental housing opportunities for low income adults, disabled adults, and low income seniors.
The organization provides low income housing with thte help of subsidies from the usda. The low income housing includes 8 units with one and two bedroom apartments.
Program Services
| Description | Grants | Expenses |
|---|---|---|
| THE ORGANIZATION PROVIDES LOW INCOME HOUSING WITH THE HELP OF SUBSIDIES FROM THE USDA. THE LOW INCOME HOUSING INCLUDES 8 UNITS WITH ONE AND TWO BEDROOM APARTMENTS. | - | $71,937 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MARGIE DUBOIS | Vice Preside | PT | $0 | $50 | $50 |
| KEITH KLEIN | Board Member | PT | $0 | $50 | $50 |
| MISI GANGL | President | PT | $0 | $50 | $50 |
| DIANE PETERSON | Secretary/Tr | PT | $0 | $50 | $50 |
| STEPHANIE YOUNGBERG | Board Member | PT | $0 | $50 | $50 |
Filing and Contact Details
Filer
- Filer Name
- Ferndale Estates Inc
- EIN
- 41-6052783
- Phone
- 3202696640
- Address
- 540 S 1ST ST, MONTEVIDEO, MN 56265
Signing Officer
- Name
- Misi Gangl
- Title
- President
- Phone
- 3202696640
- Signed
- 2025-10-29
Preparer
- Firm
- Hoffman & Brobst Pllp
- Address
- PO BOX 548, MARSHALL, MN 56258
- Preparer
- Carlton Johnson CPA
- Phone
- 5075325735
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Dividend 580 application fee 25 total 605”
Form 990-ez, Part I, Line 16
“Expenses advertising 341 office supplies 39 interest expense 4,727 property & liability 15,008 real estate taxes 3,039 services 1,288 non-investment depreciation 18,032 total 42,474”
Form 990-ez, Part II, Line 24
“Equipment 72,089 72,089 less accumulated depreciation 30,848 32,973 total 41,241 39,116”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 7,122 8,049 fmha n/p 61,523 61,523 rural development 214,424 209,388”
Form 990-ez, Part III
“The organization provides low income housing with thte help of subsidies from the usda. The low income housing includes 8 units with one and two bedroom apartments.”
Raw XML Appendix122 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/ActivitiesNotPreviouslyRptInd | 0 | false |
| IRS990EZ/BooksInCareOfDetail/PersonNm | 0 | VAN BINBERGEN ASSOCIATES INC |
| IRS990EZ/BooksInCareOfDetail/PhoneNum | 0 | 3202696640 |
| IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt | 0 | 540 1ST ST SOUTH |
| IRS990EZ/BooksInCareOfDetail/USAddress/CityNm | 0 | MONTEVIDEO |
| IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd | 0 | MN |
| IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd | 0 | 56265 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt | 0 | 256381 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 259815 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 6863 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 18848 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 423990 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 426744 |
| IRS990EZ/GrossReceiptsAmt | 0 | 93682 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2933 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 126368 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 127813 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 140921 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 147784 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 140921 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 147784 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 25497 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 30.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 0 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 4 | 50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | MARGIE DUBOIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | KEITH KLEIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | MISI GANGL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | DIANE PETERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | STEPHANIE YOUNGBERG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY/TR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 41241 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 39116 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 42474 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 605 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | THE ORGANIZATION PROVIDES LOW INCOME HOUSING WITH THTE HELP OF SUBSIDIES FROM THE USDA. THE LOW INCOME HOUSING INCLUDES 8 UNITS WITH ONE AND TWO BEDROOM APARTMENTS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 90144 |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt | 0 | THE ORGANIZATION PROVIDES LOW INCOME HOUSING WITH THE HELP OF SUBSIDIES FROM THE USDA. THE LOW INCOME HOUSING INCLUDES 8 UNITS WITH ONE AND TWO BEDROOM APARTMENTS. |
| IRS990EZ/ProgramSrvcAccomplishmentGrp/ProgramServiceExpensesAmt | 0 | 71937 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 283069 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 278960 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 86819 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 71937 |
| IRS990EZ/TotalRevenueAmt | 0 | 93682 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | DIVIDEND 580 APPLICATION FEE 25 TOTAL 605 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES ADVERTISING 341 OFFICE SUPPLIES 39 INTEREST EXPENSE 4,727 PROPERTY & LIABILITY 15,008 REAL ESTATE TAXES 3,039 SERVICES 1,288 NON-INVESTMENT DEPRECIATION 18,032 TOTAL 42,474 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EQUIPMENT 72,089 72,089 LESS ACCUMULATED DEPRECIATION 30,848 32,973 TOTAL 41,241 39,116 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 7,122 8,049 FMHA N/P 61,523 61,523 RURAL DEVELOPMENT 214,424 209,388 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | THE ORGANIZATION PROVIDES LOW INCOME HOUSING WITH THTE HELP OF SUBSIDIES FROM THE USDA. THE LOW INCOME HOUSING INCLUDES 8 UNITS WITH ONE AND TWO BEDROOM APARTMENTS. |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 0 | FORM 990-EZ, PART I, LINE 8 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 1 | FORM 990-EZ, PART I, LINE 16 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 2 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2025-03-06 01:10:19Z |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MISI GANGL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3202696640 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2025-10-29 |
| ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt | 0 | FERNDALE ESTATES INC |
| ReturnHeader/Filer/BusinessNameControlTxt | 0 | FERN |
| ReturnHeader/Filer/EIN | 0 | 416052783 |
| ReturnHeader/Filer/PhoneNum | 0 | 3202696640 |
| ReturnHeader/Filer/USAddress/AddressLine1Txt | 0 | 540 S 1ST ST |
| ReturnHeader/Filer/USAddress/CityNm | 0 | MONTEVIDEO |
| ReturnHeader/Filer/USAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/Filer/USAddress/ZIPCd | 0 | 56265 |
| ReturnHeader/IRSResponsiblePrtyInfoCurrInd | 0 | true |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 410978542 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | HOFFMAN & BROBST PLLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 548 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MARSHALL |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 56258 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 5075325735 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2025-10-29 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | CARLTON JOHNSON CPA |
| ReturnHeader/ReturnTs | 0 | 2025-11-05T09:48:27-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2024-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2025-06-30 |
| ReturnHeader/TaxYr | 0 | 2024 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
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