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.
0.66x
Liabilities / Revenue
99th percentile
Higher debt load relative to revenue than 99% of similar nonprofits.
Net Margin
60th percentile
Higher net margin than 60% of similar nonprofits.
Top Officer Pay
86th percentile
Higher top officer pay than 86% of similar nonprofits.
Top officer pay equals 0.1% of source-year revenue.
Asset Growth
51st percentile
Faster asset growth than 51% of similar nonprofits.
Revenue Growth
72nd percentile
Faster revenue growth than 72% of similar nonprofits.
Balance Sheet
Assets
Up$460,116
Up $4,941 (+1.1%) from 2019
Net Assets
Up$158,447
Up $6,525 (+4.3%) from 2019
Liabilities
Down$301,669
Down $1,584 (-0.5%) from 2019
Revenue And Expenses
Revenue
Up$66,686
Up $1,384 (+2.1%) from 2019
Expenses
Down$60,161
Down $4,244 (-6.6%) from 2019
Net Income
Up$6,525
Up $5,628 (+627%) from 2019
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2019 to Jun 30, 2020
- Signed
- May 5, 2021
- Return Version
- 2019v5.0
- Gross Receipts
- $66,686
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. | - | $57,991 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| JOANN BAUM | Officer | PT | $100 | - | $100 |
| MARGIE DUBOIS | Officer | PT | $100 | - | $100 |
| MISI GANGL | President | PT | $100 | - | $100 |
| DIANE PETERSON | Secretary/Tr | PT | $100 | - | $100 |
| KEITH KLEIN | Officer | PT | $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
- 2021-05-05
- 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
“Tenant charges 1,536 forfeited security deposit 1,181 application fee 125 bank refund 26 total 2,868”
Form 990-ez, Part I, Line 16
“Expenses advertising 664 office supplies 51 interest expense 1,968 property & liability ins 9,062 grounds care 4,338 snow removal 3,135 rd overages 370 other taxes/fees/permits 300 background check 123 bank charges 16 non-investment depreciation 1,106 total 21,133”
Form 990-ez, Part II, Line 24
“Equipment 28,163 57,388 less accumulated depreciation 25,692 22,398 total 2,471 34,990”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 5,995 7,466 fmha n/p 31,499 31,499 rural development 265,759 262,704”
Form 990-ez, Part III
“To provide rental housing opportunities for low income adults, disabled adults, and low income seniors.”
Raw XML Appendix118 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/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 | 300161 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 277818 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | 6525 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 11576 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 455175 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 460116 |
| IRS990EZ/GrossReceiptsAmt | 0 | 66686 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 81 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 152543 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 147308 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 151922 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 158447 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 151922 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 158447 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 27002 |
| 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 | 100 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 1 | 100 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 2 | 50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 3 | 100 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/CompensationAmt | 4 | 100 |
| 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 | 2471 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 34990 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 21133 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 2868 |
| 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 | 63737 |
| 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 | 57991 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/SalariesOtherCompEmplBnftAmt | 0 | 450 |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 303253 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 301669 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 60161 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 57991 |
| IRS990EZ/TotalRevenueAmt | 0 | 66686 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | TENANT CHARGES 1,536 FORFEITED SECURITY DEPOSIT 1,181 APPLICATION FEE 125 BANK REFUND 26 TOTAL 2,868 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES ADVERTISING 664 OFFICE SUPPLIES 51 INTEREST EXPENSE 1,968 PROPERTY & LIABILITY INS 9,062 GROUNDS CARE 4,338 SNOW REMOVAL 3,135 RD OVERAGES 370 OTHER TAXES/FEES/PERMITS 300 BACKGROUND CHECK 123 BANK CHARGES 16 NON-INVESTMENT DEPRECIATION 1,106 TOTAL 21,133 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EQUIPMENT 28,163 57,388 LESS ACCUMULATED DEPRECIATION 25,692 22,398 TOTAL 2,471 34,990 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 5,995 7,466 FMHA N/P 31,499 31,499 RURAL DEVELOPMENT 265,759 262,704 |
| 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 | 2021-05-05 |
| 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 | 2021-05-05 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JAMES B KNUTSON |
| ReturnHeader/ReturnTs | 0 | 2021-05-10T13:53:03-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2019-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2020-06-30 |
| ReturnHeader/TaxYr | 0 | 2019 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2020 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $460,116
- Liabilities
- $301,669
- Net assets
- $158,447
- Revenue
- $66,686
- Expenses
- $60,161
- Net income
- $6,525