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
21st percentile
Higher net margin than 21% of similar nonprofits.
Top Officer Pay
87th percentile
Higher top officer pay than 87% of similar nonprofits.
Top officer pay equals 0.1% of source-year revenue.
Asset Growth
42nd percentile
Faster asset growth than 42% of similar nonprofits.
Revenue Growth
44th percentile
Faster revenue growth than 44% of similar nonprofits.
Balance Sheet
Assets
Down$450,700
Down $10,097 (-2.2%) from 2021
Net Assets
Down$152,846
Down $10,958 (-6.7%) from 2021
Liabilities
Up$297,854
Up $861 (+0.3%) from 2021
Revenue And Expenses
Revenue
Up$69,433
Up $2,829 (+4.2%) from 2021
Expenses
Up$80,390
Up $19,142 (+31%) from 2021
Net Income
Down-$10,957
Down $16,313 (-305%) from 2021
Historical Trend
Jump To
Filing Snapshot
- Filing Period
- Jul 1, 2021 to Jun 30, 2022
- Signed
- Nov 7, 2022
- Return Version
- 2021v4.0
- Gross Receipts
- $69,433
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. | - | $78,595 |
Compensation and Service Providers
Employees
| Name | Title | Full / Part Time | Base | Other | Total |
|---|---|---|---|---|---|
| MARGIE DUBOIS | Vice Preside | PT | $0 | $100 | $100 |
| MISI GANGL | President | PT | $0 | $100 | $100 |
| DIANE PETERSON | Secretary/Tr | PT | $0 | $100 | $100 |
| STEPHANIE YOUNGBERG | Board Member | PT | $0 | $100 | $100 |
| KEITH KLEIN | Board Member | PT | $0 | $50 | $50 |
| JOANN BAUM | Board Member | 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
- 2022-11-07
- Discuss with paid preparer
- Yes
Preparer
- Firm
- Dana F Cole & Company Llp
- Address
- 590 SOUTH HIGHWAY 29 SUITE 1, MONTEVIDEO, MN 56265
- Preparer
- James B Knutson
- Phone
- 3202692146
Supplemental Narrative
Additional Explanations
Form 990-ez, Part I, Line 8
“Forfeited security deposit 219 application fee 75 tenant charges 20 total 314”
Form 990-ez, Part I, Line 16
“Expenses advertising 175 office supplies 20 interest expense 2,683 property & liability ins 7,070 grounds care 4,491 snow removal 4,015 rd overages 295 background check 61 other administrative 44 non-investment depreciation 1,946 total 20,800”
Form 990-ez, Part II, Line 24
“Equipment 57,388 57,388 less accumulated depreciation 24,344 26,290 total 33,044 31,098”
Form 990-ez, Part II, Line 26
“Accounts payable and accrued expenses 7,071 12,029 fmha n/p 31,499 31,499 rural development 258,424 254,326”
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/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 | 285680 |
| IRS990EZ/CashSavingsAndInvestmentsGrp/EOYAmt | 0 | 282765 |
| IRS990EZ/ChgMadeToOrgnzngDocNotRptInd | 0 | false |
| IRS990EZ/DonorAdvisedFndsInd | 0 | false |
| IRS990EZ/EngagedInExcessBenefitTransInd | 0 | false |
| IRS990EZ/ExcessOrDeficitForYearAmt | 0 | -10957 |
| IRS990EZ/FeesAndOtherPymtToIndCntrctAmt | 0 | 12795 |
| IRS990EZ/ForeignFinancialAccountInd | 0 | false |
| IRS990EZ/ForeignOfficeInd | 0 | false |
| IRS990EZ/Form1120PolFiledInd | 0 | false |
| IRS990EZ/Form990TotalAssetsGrp/BOYAmt | 0 | 460797 |
| IRS990EZ/Form990TotalAssetsGrp/EOYAmt | 0 | 450700 |
| IRS990EZ/GrossReceiptsAmt | 0 | 69433 |
| IRS990EZ/InfoInScheduleOPartIIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIIInd | 0 | X |
| IRS990EZ/InfoInScheduleOPartIInd | 0 | X |
| IRS990EZ/InvestmentIncomeAmt | 0 | 2043 |
| IRS990EZ/LandAndBuildingsGrp/BOYAmt | 0 | 142073 |
| IRS990EZ/LandAndBuildingsGrp/EOYAmt | 0 | 136837 |
| IRS990EZ/MadeLoansToFromOfficersInd | 0 | false |
| IRS990EZ/MethodOfAccountingCashInd | 0 | X |
| IRS990EZ/NetAssetsOrFundBalancesBOYAmt | 0 | 163803 |
| IRS990EZ/NetAssetsOrFundBalancesEOYAmt | 0 | 152846 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/BOYAmt | 0 | 163803 |
| IRS990EZ/NetAssetsOrFundBalancesGrp/EOYAmt | 0 | 152846 |
| IRS990EZ/OccupancyRentUtltsAndMaintAmt | 0 | 46795 |
| 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/AverageHrsPerWkDevotedToPosRt | 5 | 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/CompensationAmt | 5 | 0 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 0 | 100 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 1 | 50 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 2 | 100 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 3 | 100 |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/ExpenseAccountOtherAllwncAmt | 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/PersonNm | 5 | STEPHANIE YOUNGBERG |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 0 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 1 | VICE PRESIDE |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 2 | BOARD MEMBER |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 3 | PRESIDENT |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 4 | SECRETARY/TR |
| IRS990EZ/OfficerDirectorTrusteeEmplGrp/TitleTxt | 5 | BOARD MEMBER |
| IRS990EZ/OperateHospitalInd | 0 | false |
| IRS990EZ/Organization501cInd | 0 | X |
| IRS990EZ/OrganizationDissolvedEtcInd | 0 | false |
| IRS990EZ/OrganizationHadUBIInd | 0 | false |
| IRS990EZ/OtherAssetsTotalDetail/BOYAmt | 0 | 33044 |
| IRS990EZ/OtherAssetsTotalDetail/EOYAmt | 0 | 31098 |
| IRS990EZ/OtherExpensesTotalAmt | 0 | 20800 |
| IRS990EZ/OtherRevenueTotalAmt | 0 | 314 |
| 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 | 67076 |
| 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 | 78595 |
| IRS990EZ/ProhibitedTaxShelterTransInd | 0 | false |
| IRS990EZ/RelatedOrganizationCtrlEntInd | 0 | false |
| IRS990EZ/ScheduleBNotRequiredInd | 0 | X |
| IRS990EZ/SubjectToProxyTaxInd | 0 | false |
| IRS990EZ/SumOfTotalLiabilitiesGrp/BOYAmt | 0 | 296994 |
| IRS990EZ/SumOfTotalLiabilitiesGrp/EOYAmt | 0 | 297854 |
| IRS990EZ/TanningServicesProvidedInd | 0 | false |
| IRS990EZ/TotalExpensesAmt | 0 | 80390 |
| IRS990EZ/TotalProgramServiceExpensesAmt | 0 | 78595 |
| IRS990EZ/TotalRevenueAmt | 0 | 69433 |
| IRS990EZ/TransactionWithControlEntInd | 0 | false |
| IRS990EZ/TypeOfOrganizationCorpInd | 0 | X |
| IRS990EZ/WebsiteAddressTxt | 0 | N/A |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 0 | FORFEITED SECURITY DEPOSIT 219 APPLICATION FEE 75 TENANT CHARGES 20 TOTAL 314 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 1 | EXPENSES ADVERTISING 175 OFFICE SUPPLIES 20 INTEREST EXPENSE 2,683 PROPERTY & LIABILITY INS 7,070 GROUNDS CARE 4,491 SNOW REMOVAL 4,015 RD OVERAGES 295 BACKGROUND CHECK 61 OTHER ADMINISTRATIVE 44 NON-INVESTMENT DEPRECIATION 1,946 TOTAL 20,800 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 2 | EQUIPMENT 57,388 57,388 LESS ACCUMULATED DEPRECIATION 24,344 26,290 TOTAL 33,044 31,098 |
| IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt | 3 | ACCOUNTS PAYABLE AND ACCRUED EXPENSES 7,071 12,029 FMHA N/P 31,499 31,499 RURAL DEVELOPMENT 258,424 254,326 |
| 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 | 2022-11-07 |
| 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 | 590 SOUTH HIGHWAY 29 SUITE 1 |
| 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 | 2022-11-07 |
| ReturnHeader/PreparerPersonGrp/PreparerPersonNm | 0 | JAMES B KNUTSON |
| ReturnHeader/ReturnTs | 0 | 2022-11-30T15:34:19-05:00 |
| ReturnHeader/ReturnTypeCd | 0 | 990EZ |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonFirstNm | 0 | MISI |
| ReturnHeader/SigningOfficerGrp/PersonFullName/PersonLastNm | 0 | GANGL |
| ReturnHeader/TaxPeriodBeginDt | 0 | 2021-07-01 |
| ReturnHeader/TaxPeriodEndDt | 0 | 2022-06-30 |
| ReturnHeader/TaxYr | 0 | 2021 |
Document Assets
No mirrored PDF or thumbnail assets are attached yet.
Filings
Displayed year
2022 • Form 990EZDetailed filing. Detailed filing data is available for this year.
- Assets
- $450,700
- Liabilities
- $297,854
- Net assets
- $152,846
- Revenue
- $69,433
- Expenses
- $80,390
- Net income
- -$10,957