Civic Intelligence

Ferndale Estates Inc

990EZ • Fiscal year 2019 • EIN 41-6052783

Jul 01, 2018 to Jun 30, 2019 • Filed on May 19, 2020

Organization ProfileN/A
540 S 1st StMontevideo, MN 56265

(320) 269-6640

Siviq Scores

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

Liabilities / Assets

93rd percentile

0.67x

Higher debt load relative to assets than 93% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Liabilities / Revenue

99th percentile

4.64x

Higher debt load relative to revenue than 99% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Net Margin

46th percentile

1.4%

Higher net margin than 46% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Top Officer Pay

86th percentile

$50

Higher top officer pay than 86% of similar nonprofits.

Top officer pay equals 0.1% of source-year revenue.

2019 filings • 501(c)4 • <$500k nonprofits • Source year 2019

Asset Growth

45th percentile

-0.4%

Faster asset growth than 45% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2019

Revenue Growth

83rd percentile

25%

Faster revenue growth than 83% of similar nonprofits.

2019 filings • 501(c)4 • <$500k nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets93rd percentile

Assets

Down

$455,175

Down $1,842 (-0.4%) from 2018

Net Assets

Down

$151,922

Down $31,442 (-17%) from 2018

Liabilities

Up

$303,253

Up $29,600 (+11%) from 2018

Revenue And Expenses
Liabilities / Revenue99th percentileNet Margin46th percentile

Revenue

Up

$65,302

Up $13,258 (+25%) from 2018

Expenses

Down

$64,405

Down $16,269 (-20%) from 2018

Net Income

Up

$897

Up $29,527 (+103%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth45th percentile

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

$600K$400K$200K$0-$200K-$400KAssets 2012: $256,062Liabilities 2012: $489,506Net Assets 2012: -$233,4442012Assets 2013: $426,908Liabilities 2013: $493,700Net Assets 2013: -$66,7922013Assets 2014: $279,958Liabilities 2014: $483,608Net Assets 2014: -$203,6502014Assets 2015: $264,165Liabilities 2015: $296,514Net Assets 2015: -$32,3492015Assets 2016: $284,242Liabilities 2016: $98,0202016Assets 2017: $419,468Liabilities 2017: $02017Assets 2018: $457,017Liabilities 2018: $273,653Net Assets 2018: $183,3642018Assets 2019: $455,175Liabilities 2019: $303,253Net Assets 2019: $151,9222019Assets 2020: $460,116Liabilities 2020: $301,669Net Assets 2020: $158,4472020Assets 2021: $460,797Liabilities 2021: $296,993Net Assets 2021: $163,8042021Assets 2022: $450,700Liabilities 2022: $297,854Net Assets 2022: $152,8462022Assets 2023: $441,493Liabilities 2023: $294,3572023Assets 2024: $423,990Liabilities 2024: $283,0732024Assets 2025: $426,744Liabilities 2025: $278,960Net Assets 2025: $147,7842025

Highlighted filing

2019

Assets$455,175
Liabilities$303,253
Net Assets$151,922
Open 2019 Filing

Operations Trend

Revenue Growth83rd percentile

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

$100K$50K$0-$50KRevenue 2012: $62,915Expenses 2012: $60,956Net Income 2012: $1,9592012Revenue 2013: $62,231Expenses 2013: $75,340Net Income 2013: -$13,1092013Revenue 2014: $64,202Expenses 2014: $17,450Net Income 2014: $46,7522014Revenue 2015: $67,281Expenses 2015: $68,060Net Income 2015: -$7792015Revenue 2016: $63,435Expenses 2016: $62,863Net Income 2016: $5722016Revenue 2017: $66,362Expenses 2017: $40,916Net Income 2017: $25,4462017Revenue 2018: $52,044Expenses 2018: $80,674Net Income 2018: -$28,6302018Revenue 2019: $65,302Expenses 2019: $64,405Net Income 2019: $8972019Revenue 2020: $66,686Expenses 2020: $60,161Net Income 2020: $6,5252020Revenue 2021: $66,604Expenses 2021: $61,248Net Income 2021: $5,3562021Revenue 2022: $69,433Expenses 2022: $80,390Net Income 2022: -$10,9572022Revenue 2023: $68,804Expenses 2023: $74,514Net Income 2023: -$5,7102023Revenue 2024: $79,406Expenses 2024: $85,625Net Income 2024: -$6,2192024Revenue 2025: $93,682Expenses 2025: $86,819Net Income 2025: $6,8632025

Highlighted filing

2019

Revenue$65,302
Expenses$64,405
Net Income$897
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
May 19, 2020
Return Version
2018v3.2
Gross Receipts
$65,302
Mission and Program Overview

Mission

To provide rental housing opportunities for low income adults, disabled adults, and low income seniors.

Program Services

DescriptionGrantsExpenses
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.-$64,100
Compensation and Service Providers
Top Officer Pay86th percentile

Employees

NameTitleFull / Part TimeBaseOtherTotal
JOANN BAUMOfficerPT$50-$50
MARGIE DUBOISOfficerPT$50-$50
KEITH KLEINOfficerPT$50-$50
MARY JO JENSENSecretary/TrPT$50-$50
MISI GANGLPresidentPT$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
3208383557
Signed
2020-05-19
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

“Forfeited security deposit 505 application fee 125 tenant charges 65 total 695”

Form 990-ez, Part I, Line 16

“Expenses advertising 945 office supplies 55 interest expense 2,870 property & liability ins 9,544 grounds care 4,110 snow removal 4,569 rd overages 310 other taxes/fees/permits 385 background check 144 bank charges 184 prior management misc 405 non-investment depreciation 5,410 total 28,931”

Form 990-ez, Part I, Line 20

“Prior year adjustment - changes to loan balance -32,339”

Form 990-ez, Part II, Line 24

“Equipment 25,516 28,163 less accumulated depreciation 25,516 25,692 total 0 2,471”

Form 990-ez, Part II, Line 26

“Accounts payable and accrued expenses 4,805 5,995 fmha n/p 26,569 31,499 rural development 242,279 265,759”

Form 990-ez, Part III

“To provide rental housing opportunities for low income adults, disabled adults, and low income seniors.”

Raw XML Appendix127 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/BusinessName/BusinessNameLine1Txt0VAN BINSBERGEN & ASSOCIATES INC
IRS990EZ/BooksInCareOfDetail/PhoneNum03202696640
IRS990EZ/BooksInCareOfDetail/USAddress/AddressLine1Txt0540 1ST ST SOUTH
IRS990EZ/BooksInCareOfDetail/USAddress/CityNm0MONTEVIDEO
IRS990EZ/BooksInCareOfDetail/USAddress/StateAbbreviationCd0MN
IRS990EZ/BooksInCareOfDetail/USAddress/ZIPCd056265
IRS990EZ/CashSavingsAndInvestmentsGrp/BOYAmt0299240
IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt0300161
IRS990EZ/ChgMadeToOrgnzngDocNotRptInd0false
IRS990EZ/DonorAdvisedFndsInd0false
IRS990EZ/EngagedInExcessBenefitTransInd0false
IRS990EZ/ExcessOrDeficitForYearAmt0897
IRS990EZ/FeesAndOtherPymtToIndCntrctAmt09577
IRS990EZ/ForeignFinancialAccountInd0false
IRS990EZ/ForeignOfficeInd0false
IRS990EZ/Form1120PolFiledInd0false
IRS990EZ/Form990TotalAssetsGrp/BOYAmt0457017
IRS990EZ/Form990TotalAssetsGrp/EOYAmt0455175
IRS990EZ/GrossReceiptsAmt065302
IRS990EZ/InfoInScheduleOPartIIIInd0X
IRS990EZ/InfoInScheduleOPartIIInd0X
IRS990EZ/InfoInScheduleOPartIInd0X
IRS990EZ/InvestmentIncomeAmt0105
IRS990EZ/LandAndBuildingsGrp/BOYAmt0157777
IRS990EZ/LandAndBuildingsGrp/EOYAmt0152543
IRS990EZ/MadeLoansToFromOfficersInd0false
IRS990EZ/MethodOfAccountingCashInd0X
IRS990EZ/NetAssetsOrFundBalancesBOYAmt0183364
IRS990EZ/NetAssetsOrFundBalancesEOYAmt0151922
IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt0183364
IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt0151922
IRS990EZ/OccupancyRentUtltsAndMaintAmt025647
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt010.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt110.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt210.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt330.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt410.00
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt050
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt150
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt250
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt350
IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt450
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm0JOANN BAUM
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm1MARGIE DUBOIS
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm2KEITH KLEIN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm3MARY JO JENSEN
IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm4MISI GANGL
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt0OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt1OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt2OFFICER
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt3SECRETARY/TR
IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt4PRESIDENT
IRS990EZ/OperateHospitalInd0false
IRS990EZ/Organization501cInd0X
IRS990EZ/OrganizationDissolvedEtcInd0false
IRS990EZ/OrganizationHadUBIInd0false
IRS990EZ/OtherAssetsTotalDetail/EOYAmt02471
IRS990EZ/OtherChangesInNetAssetsAmt0-32339
IRS990EZ/OtherExpensesTotalAmt028931
IRS990EZ/OtherRevenueTotalAmt0695
IRS990EZ/PoliticalCampaignActyInd0false
IRS990EZ/PrimaryExemptPurposeTxt0TO PROVIDE RENTAL HOUSING OPPORTUNITIES FOR LOW INCOME ADULTS, DISABLED ADULTS, AND LOW INCOME SENIORS.
IRS990EZ/ProgramServiceRevenueAmt064502
IRS990EZ/ProgramSrvcAccomplishmentGrp/DescriptionProgramSrvcAccomTxt0THE 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/ProgramServiceExpensesAmt064100
IRS990EZ/ProhibitedTaxShelterTransInd0false
IRS990EZ/RelatedOrganizationCtrlEntInd0false
IRS990EZ/SalariesOtherCompEmplBnftAmt0250
IRS990EZ/ScheduleBNotRequiredInd0X
IRS990EZ/SubjectToProxyTaxInd0false
IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt0273653
IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt0303253
IRS990EZ/TanningServicesProvidedInd0false
IRS990EZ/TotalExpensesAmt064405
IRS990EZ/TotalProgramServiceExpensesAmt064100
IRS990EZ/TotalRevenueAmt065302
IRS990EZ/TransactionWithControlEntInd0false
IRS990EZ/TypeOfOrganizationCorpInd0X
IRS990EZ/WebsiteAddressTxt0N/A
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0FORFEITED SECURITY DEPOSIT 505 APPLICATION FEE 125 TENANT CHARGES 65 TOTAL 695
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1EXPENSES ADVERTISING 945 OFFICE SUPPLIES 55 INTEREST EXPENSE 2,870 PROPERTY & LIABILITY INS 9,544 GROUNDS CARE 4,110 SNOW REMOVAL 4,569 RD OVERAGES 310 OTHER TAXES/FEES/PERMITS 385 BACKGROUND CHECK 144 BANK CHARGES 184 PRIOR MANAGEMENT MISC 405 NON-INVESTMENT DEPRECIATION 5,410 TOTAL 28,931
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2PRIOR YEAR ADJUSTMENT - CHANGES TO LOAN BALANCE -32,339
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3EQUIPMENT 25,516 28,163 LESS ACCUMULATED DEPRECIATION 25,516 25,692 TOTAL 0 2,471
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4ACCOUNTS PAYABLE AND ACCRUED EXPENSES 4,805 5,995 FMHA N/P 26,569 31,499 RURAL DEVELOPMENT 242,279 265,759
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5TO PROVIDE RENTAL HOUSING OPPORTUNITIES FOR LOW INCOME ADULTS, DISABLED ADULTS, AND LOW INCOME SENIORS.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990-EZ, PART I, LINE 8
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990-EZ, PART I, LINE 16
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990-EZ, PART I, LINE 20
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990-EZ, PART II, LINE 24
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990-EZ, PART II, LINE 26
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990-EZ, PART III
ReturnHeader/BuildTS02021-01-29 14:40:06Z
ReturnHeader/BusinessOfficerGrp/DiscussWithPaidPreparerInd0true
ReturnHeader/BusinessOfficerGrp/PersonNm0MISI GANGL
ReturnHeader/BusinessOfficerGrp/PersonTitleTxt0PRESIDENT
ReturnHeader/BusinessOfficerGrp/PhoneNum03208383557
ReturnHeader/BusinessOfficerGrp/SignatureDt02020-05-19
ReturnHeader/Filer/BusinessName/BusinessNameLine1Txt0FERNDALE ESTATES INC
ReturnHeader/Filer/BusinessNameControlTxt0FERN
ReturnHeader/Filer/EIN0416052783
ReturnHeader/Filer/PhoneNum03202696640
ReturnHeader/Filer/USAddress/AddressLine1Txt0540 S 1ST ST
ReturnHeader/Filer/USAddress/CityNm0MONTEVIDEO
ReturnHeader/Filer/USAddress/StateAbbreviationCd0MN
ReturnHeader/Filer/USAddress/ZIPCd056265
ReturnHeader/FilingSecurityInformation/AtSubmissionCreationDeviceId043EB4E19652E38581FA9D3564DA5E6C34F064D3A
ReturnHeader/FilingSecurityInformation/AtSubmissionFilingDeviceId097DE32F219466EB579F5C2BE7F25E6591063E3EC
ReturnHeader/FilingSecurityInformation/FilingLicenseTypeCd0P
ReturnHeader/FilingSecurityInformation/IPAddress/IPv4AddressTxt096.33.224.98
ReturnHeader/FilingSecurityInformation/IPDt02020-07-14
ReturnHeader/FilingSecurityInformation/IPTimezoneCd0CD
ReturnHeader/FilingSecurityInformation/IPTm016:55:34
ReturnHeader/PreparerFirmGrp/PreparerFirmEIN0470526649
ReturnHeader/PreparerFirmGrp/PreparerFirmName/BusinessNameLine1Txt0DANA F COLE & COMPANY LLP
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/AddressLine1Txt0PO BOX 502
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/CityNm0MONTEVIDEO
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/StateAbbreviationCd0MN
ReturnHeader/PreparerFirmGrp/PreparerUSAddress/ZIPCd056265
ReturnHeader/PreparerPersonGrp/PhoneNum03202692146
ReturnHeader/PreparerPersonGrp/PreparationDt02020-05-19
ReturnHeader/PreparerPersonGrp/PreparerPersonNm0JAMES B KNUTSON
ReturnHeader/ReturnTs02020-07-14T16:55:34-05:00
ReturnHeader/ReturnTypeCd0990EZ
ReturnHeader/TaxPeriodBeginDt02018-07-01
ReturnHeader/TaxPeriodEndDt02019-06-30
ReturnHeader/TaxYr02018

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Displayed year

2019 • Form 990EZDetailed filing. Detailed filing data is available for this year.

Open filing
Assets
$455,175
Liabilities
$303,253
Net assets
$151,922
Revenue
$65,302
Expenses
$64,405
Net income
$897
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$4.27$2.79$1.48$0.94$0.87$0.07
2024Summary only. Only limited summary data is available for this year.$4.24$2.83$0.79$0.86$0.06
2023Summary only. Only limited summary data is available for this year.$4.41$2.94$0.69$0.75$0.06
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.51$2.98$1.53$0.69$0.80$0.11
2021Detailed filing. Detailed filing data is available for this year.$4.61$2.97$1.64$0.67$0.61$0.05
2020XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.60$3.02$1.58$0.67$0.60$0.07
2019Detailed filing. Detailed filing data is available for this year.$4.55$3.03$1.52$0.65$0.64$0.01
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.57$2.74$1.83$0.52$0.81$0.29
2017Summary only. Only limited summary data is available for this year.$4.19$0.00$0.66$0.41$0.25
2016Summary only. Only limited summary data is available for this year.$2.84$0.98$0.63$0.63$0.01
2015Summary only. Only limited summary data is available for this year.$2.64$2.97$0.32$0.67$0.68$0.01
2014Summary only. Only limited summary data is available for this year.$2.80$4.84$2.04$0.64$0.17$0.47
2013Summary only. Only limited summary data is available for this year.$4.27$4.94$0.67$0.62$0.75$0.13
2012Summary only. Only limited summary data is available for this year.$2.56$4.90$2.33$0.63$0.61$0.02