Liabilities / Assets
92nd percentile
Higher debt load relative to assets than 92% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.60x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
7th percentile
Higher net margin than 7% of similar nonprofits.
Top Officer Pay
88th percentile
Higher top officer pay than 88% of similar nonprofits.
Top officer pay equals 3.2% of source-year revenue.
Asset Growth
66th percentile
Faster asset growth than 66% of similar nonprofits.
Revenue Growth
18th percentile
Faster revenue growth than 18% of similar nonprofits.
Balance Sheet
Assets
Up$457,017
Up $37,549 (+9.0%) from 2017
Net Assets
$183,364
No earlier filing loaded for comparison.
Liabilities
Up$273,653
Up $273,653 from 2017
Revenue And Expenses
Revenue
Down$52,044
Down $14,318 (-22%) from 2017
Expenses
Up$80,674
Up $39,758 (+97%) from 2017
Net Income
Down-$28,630
Down $54,076 (-213%) from 2017
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2017 to Jun 30, 2018
- Signed
- May 15, 2019
- Return Version
- 2017v2.3
- Gross Receipts
- $52,044
Mission and Program Overview
Mission
To provide rental housing opportunities for low income adults, disabled adults, and low income seniors.
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. | - | $78,542 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MARY JO JENSEN | Secretary/Tr | PT | $1,675 | - | $1,675 |
| JOANN BAUM | Officer | PT | $0 | - | - |
| MARGIE DUBOIS | Officer | PT | $0 | - | - |
| KEITH KLEIN | Officer | PT | $0 | - | - |
| MISI GANGL | President | PT | $0 | - | - |
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
- 3208383557
- Signed
- 2019-05-15
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Dana F Cole & Company Llp
- Address
- PO BOX 502, MONTEVIDEO, MN 56265
- Preparer
- James B Knutson
- Phone
- 3202692146
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Application fee 50 total 50”
Form 990-ez, Part I, Line 16
“Expenses advertising 315 office supplies 332 interest expense 4,392 property & liability ins 9,487 repairs & maintenance 8,378 grounds care 4,725 snow removal 4,205 rd overages 155 rd late fees 51 other taxes/fees/permits 300 real estate taxes 2,434 prior management misc 28,288 total 63,062”
Form 990-ez, Part I, Line 20
“Prior period adjustment 93,882 prior period adjustment of 93,882 is to adjust to actual fund balance. Changes made include adjusting accumulated depreciation and loan balances.”
Form 990-ez, Part II, Line 24
“Equipment 0 25,516 less accumulated depreciation 0 25,516 238,187 0 total 238,187 0”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 412,002 4,805 fmha n/p 0 26,569 rural development 0 242,279”
Form 990-ez, Part III
“To provide rental housing opportunities for low income adults, disabled adults, and low income seniors.”
Raw XML Appendix128 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/AddressChangeInd | 0 | X |
| IRS990EZ/BooksInCareOfDetail/BusinessName/BusinessNameLine1Txt | 0 | VAN BINSBERGEN & 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 | 26791 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 299240 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -28630 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 5311 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 530114 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 457017 |
| IRS990EZ/GrossReceiptsAmt | 0 | 52044 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 94 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 265136 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 157777 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 118112 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 183364 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 118112 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 183364 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 10626 |
| 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 | 1675 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 0 | JOANN BAUM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MARGIE DUBOIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KEITH KLEIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MARY JO JENSEN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | MISI GANGL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | SECRETARY/TR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | PRESIDENT |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 238187 |
| IRS990EZ/OtherChangesInNetAssetsAmt | 0 | 93882 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 63062 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 50 |
| IRS990EZ/PoliticalCampaignActyInd | 0 | false |
| IRS990EZ/PrimaryExemptPurposeTxt | 0 | TO PROVIDE RENTAL HOUSING OPPORTUNITIES FOR LOW INCOME ADULTS, DISABLED ADULTS, AND LOW INCOME SENIORS. |
| IRS990EZ/ProgramServiceRevenueAmt | 0 | 51900 |
| 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 | 78542 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 1675 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 412002 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 273653 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 80674 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 78542 |
| IRS990EZ/TotalRevenueAmt | 0 | 52044 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | APPLICATION FEE 50 TOTAL 50 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES ADVERTISING 315 OFFICE SUPPLIES 332 INTEREST EXPENSE 4,392 PROPERTY & LIABILITY INS 9,487 REPAIRS & MAINTENANCE 8,378 GROUNDS CARE 4,725 SNOW REMOVAL 4,205 RD OVERAGES 155 RD LATE FEES 51 OTHER TAXES/FEES/PERMITS 300 REAL ESTATE TAXES 2,434 PRIOR MANAGEMENT MISC 28,288 TOTAL 63,062 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | PRIOR PERIOD ADJUSTMENT 93,882 PRIOR PERIOD ADJUSTMENT OF 93,882 IS TO ADJUST TO ACTUAL FUND BALANCE. CHANGES MADE INCLUDE ADJUSTING ACCUMULATED DEPRECIATION AND LOAN BALANCES. |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | EQUIPMENT 0 25,516 LESS ACCUMULATED DEPRECIATION 0 25,516 238,187 0 TOTAL 238,187 0 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 412,002 4,805 FMHA N/P 0 26,569 RURAL DEVELOPMENT 0 242,279 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 5 | TO PROVIDE RENTAL HOUSING OPPORTUNITIES FOR LOW INCOME ADULTS, DISABLED ADULTS, AND LOW INCOME SENIORS. |
| 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 I, LINE 20 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 3 | FORM 990-EZ, PART II, LINE 24 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 4 | FORM 990-EZ, PART II, LINE 26 |
| IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc | 5 | FORM 990-EZ, PART III |
| ReturnHeader/BuildTS | 0 | 2019-02-21 02:37:17Z |
| ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd | 0 | true |
| ReturnHeader/BusinessOfficerGrp/PersonNm | 0 | MISI GANGL |
| ReturnHeader/BusinessOfficerGrp/PersonTitleTxt | 0 | PRESIDENT |
| ReturnHeader/BusinessOfficerGrp/PhoneNum | 0 | 3208383557 |
| ReturnHeader/BusinessOfficerGrp/SignatureDt | 0 | 2019-05-15 |
| 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/FilingSecurityInformation/AtSubmissionCreationDeviceId | 0 | 91C9D4DB1FBE0A76CE1392963658CFFADB2BC249 |
| ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId | 0 | 91C9D4DB1FBE0A76CE1392963658CFFADB2BC249 |
| ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd | 0 | P |
| ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt | 0 | 96.33.224.98 |
| ReturnHeader/FilingSecurityInformation/IPDt | 0 | 2019-05-15 |
| ReturnHeader/FilingSecurityInformation/IPTimezoneCd | 0 | CD |
| ReturnHeader/FilingSecurityInformation/IPTm | 0 | 14:33:24 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmEIN | 0 | 470526649 |
| ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt | 0 | DANA F COLE & COMPANY LLP |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt | 0 | PO BOX 502 |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm | 0 | MONTEVIDEO |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd | 0 | MN |
| ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd | 0 | 56265 |
| ReturnHeader/PreparerPersonGrp/PhoneNum | 0 | 3202692146 |
| ReturnHeader/PreparerPersonGrp/PreparationDt | 0 | 2019-05-15 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JAMES B KNUTSON |
| ReturnHeader/ReturnTs | 0 | 2019-05-15T14:33:24-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2017-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2018-06-30 |
| ReturnHeader/TaxYr | 0 | 2017 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2018 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $457,017
- Liabilities
- $273,653
- Net assets
- $183,364
- Revenue
- $52,044
- Expenses
- $80,674
- Net income
- -$28,630