Liabilities / Assets
93rd percentile
Higher debt load relative to assets than 93% of similar nonprofits.
Siviq Scores
Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.
0.64x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
50th percentile
Higher net margin than 50% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 0.0% of source-year revenue.
Asset Growth
43rd percentile
Faster asset growth than 43% of similar nonprofits.
Revenue Growth
52nd percentile
Faster revenue growth than 52% of similar nonprofits.
Balance Sheet
Assets
Up$460,797
Up $681 (+0.1%) from 2020
Net Assets
Up$163,804
Up $5,357 (+3.4%) from 2020
Liabilities
Down$296,993
Down $4,676 (-1.6%) from 2020
Revenue And Expenses
Revenue
Down$66,604
Down $82 (-0.1%) from 2020
Expenses
Up$61,248
Up $1,087 (+1.8%) from 2020
Net Income
Down$5,356
Down $1,169 (-18%) from 2020
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2020 to Jun 30, 2021
- Signed
- Sep 21, 2021
- Return Version
- 2020v4.0
- Gross Receipts
- $66,604
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. | - | $61,195 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOANN BAUM | Officer | PT | $0 | - | - |
| MARGIE DUBOIS | Officer | PT | $0 | - | - |
| KEITH KLEIN | Officer | PT | $0 | - | - |
| MISI GANGL | President | PT | $0 | - | - |
| DIANE PETERSON | Secretary/Tr | 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
- 2021-09-21
- 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 235 application fee 50 tenant charges 30 total 315”
Form 990-ez, Part I, Line 16
“Expenses office supplies 38 interest expense 2,499 property & liability ins 9,298 grounds care 4,220 snow removal 3,410 rd overages 306 background check 41 bank charges 11 non-investment depreciation 1,946 total 21,769”
Form 990-ez, Part II, Line 24
“Equipment 57,388 57,388 less accumulated depreciation 22,398 24,344 total 34,990 33,044”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 7,465 7,070 fmha n/p 31,499 31,499 rural development 262,704 258,424”
Form 990-ez, Part III
“To provide rental housing opportunities for low income adults, disabled adults, and low income seniors.”
Raw XML Appendix124 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 |
|---|---|---|
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 0 | JOANN BAUM |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 1 | MARGIE DUBOIS |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 2 | KEITH KLEIN |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 3 | MISI GANGL |
| CompensationExplanation/CompensationExplanationGrp/PersonNm | 4 | DIANE PETERSON |
| IRS990EZ/ActivitiesNotPreviouslyRptInd | 0 | false |
| 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 | 277818 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 285680 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 5356 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 10565 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 460116 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 460797 |
| IRS990EZ/GrossReceiptsAmt | 0 | 66604 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 40 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 147308 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 142073 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 158448 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 163804 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 158448 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 163804 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 28914 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 0 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 1 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 2 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 3 | 10.00 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/AverageHrsPerWkDevotedToPosRt | 4 | 30.00 |
| 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/PersonNm | 0 | JOANN BAUM |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 1 | MARGIE DUBOIS |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 2 | KEITH KLEIN |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 3 | MISI GANGL |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/PersonNm | 4 | DIANE PETERSON |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | OFFICER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | SECRETARY/TR |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 34990 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 33044 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 21769 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 315 |
| 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 | 66249 |
| 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 | 61195 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 301668 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 296993 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 61248 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 61195 |
| IRS990EZ/TotalRevenueAmt | 0 | 66604 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORFEITED SECURITY DEPOSIT 235 APPLICATION FEE 50 TENANT CHARGES 30 TOTAL 315 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES OFFICE SUPPLIES 38 INTEREST EXPENSE 2,499 PROPERTY & LIABILITY INS 9,298 GROUNDS CARE 4,220 SNOW REMOVAL 3,410 RD OVERAGES 306 BACKGROUND CHECK 41 BANK CHARGES 11 NON-INVESTMENT DEPRECIATION 1,946 TOTAL 21,769 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EQUIPMENT 57,388 57,388 LESS ACCUMULATED DEPRECIATION 22,398 24,344 TOTAL 34,990 33,044 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 7,465 7,070 FMHA N/P 31,499 31,499 RURAL DEVELOPMENT 262,704 258,424 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 4 | 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 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 | 2022-09-23 18:48:47Z |
| 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 | 2021-09-21 |
| 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/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 | 2021-10-08 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JAMES B KNUTSON |
| ReturnHeader/ReturnTs | 0 | 2021-11-01T16:20:24-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MISI |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | GANGL |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2020-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2021-06-30 |
| ReturnHeader/TaxYr | 0 | 2020 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2021 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $460,797
- Liabilities
- $296,993
- Net assets
- $163,804
- Revenue
- $66,604
- Expenses
- $61,248
- Net income
- $5,356