Ferndale Estates Inc
Nonprofit profile at a glance
- EIN
- 416052783
- IRS 990-EZ coverage
- 2017–2025
- Forms available
- Form 990-EZ 2025
- Location
- Montevideo, MN, USA
- Phone
- 3202696640
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
Reported finances
- Revenue
- $101,559
- Expenses
- $92,214
- Assets
- $431,485
- Liabilities
- $338,394
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
5 people listed
Executive titles in this filing
- MISI GANGL (PRESIDENT)
People named in this filing
- MARGIE DUBOIS (VICE PRESIDE)
- KEITH KLEIN (BOARD MEMBER)
- MISI GANGL (PRESIDENT)
Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.
Source: IRS Form 990-EZ. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
The organization provides low income housing with thte help of subsidies from the usda. The low income housing includes 8 units with one and two bedroom apartments.
What it reported doing in 2025
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.
Operating model
- Revenue model
- Earned-program. 98% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and assets have declined or grown slowly.
Rating breakdown
- Financial Efficiency: 77
- Transparency & Controls: 82
- Sustainability: 61
- Growth: 80
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 74.4%; rating input score 74
- Program expense ratio: 83%; rating input score 83
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
- Major donor itemization: Limited
Sustainability
- Operating margin: 9.2%; rating input score 54; 54th percentile among comparable filings
- Total-asset coverage ratio: 4.68; rating input score 95; 95th percentile among comparable filings
- Liabilities to assets ratio: 0.78; rating input score 6; 6th percentile among comparable filings
- Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings
Growth
- Program expense growth: 1.4% per year; rating input score 100; 33rd percentile among comparable filings
- Revenue growth: 7% per year; rating input score 100; 53rd percentile among comparable filings
- Asset growth: -1% per year; rating input score 0; 23rd percentile among comparable filings
Details
- Where the money goes: 74.4% of revenue deployed · 83% of spending went to programs
- Governance: Filed governance answers
- Accomplishments: 1 filed program accomplishment · $77K in reported program spending
- Leadership: top reported pay $0 · 5 people listed
- Consistency: 8 of 8 current checks pass
- Schedules: 1 filed schedules
- Filing history: 8 filing years from 2017 to 2025
- Contacts: How to reach this organization
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- Review — Sustainability: Operating margin scored 54/100.
- High — Growth: Asset growth scored 0/100.
- High — Sustainability: Liabilities to assets ratio scored 6/100.