Overview
What is Ferndale Estates Inc?
Ferndale Estates Inc is a dedicated nonprofit organization that focuses on offering affordable housing solutions to individuals in need. With the support of subsidies from the USDA, they provide eight units of housing, including one- and two-bedroom apartments. This organization is committed to bridging the gap for low-income adults, disabled adults, and senior citizens by offering rental opportunities, thereby enhancing their living standards.
Is Ferndale Estates Inc legitimate?
Ferndale Estates Inc is a legitimate nonprofit organization registered as a 501(c)(4) entity. Ferndale Estates Inc submitted a form 990EZ, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
What is the mission statement of Ferndale Estates Inc?
Ferndale Estates Inc, as an organization, is dedicated to providing affordable housing solutions for individuals who fall under the categories of low income adults, disabled adults, and low income seniors. They achieve this mission by leveraging subsidies from the USDA. The housing they offer comprises of 8 units, some with one bedroom and others with two bedrooms. Their primary goal is to create rental opportunities that are within the financial reach of this specific demographic, thereby contributing to a more equitable living situation for these individuals.
Who is the CEO of Ferndale Estates Inc?
Misi Gangl is the President of Ferndale Estates Inc.
What is the revenue of Ferndale Estates Inc?
Ferndale Estates Inc's revenue in 2022 was $69,433.
Who are the executives of Ferndale Estates Inc and what are their salaries?
Here are 6 key members and their salaries:
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Where can I find the form 990EZ for Ferndale Estates Inc?
Ferndale Estates Inc's most recent form 990EZ was submitted in 2022 and can be accessed here.
Mission Statement of Ferndale Estates Inc
Ferndale Estates Inc, a nonprofit organization, is dedicated to providing affordable housing options for individuals who fall under the categories of low income adults, disabled adults, and low income seniors. With the assistance of subsidies from the USDA, the organization has developed 8 units of housing, offering both one-bedroom and two-bedroom apartments. The primary mission of Ferndale Estates Inc is to create rental housing opportunities for these specific groups, aiming to alleviate the housing challenges they may face. By offering subsidized housing, the organization is able to contribute to a more inclusive and equitable living environment, ensuring that these individuals have a safe and secure place to call home.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
Ferndale Estates Inc significantly impacts the community by providing essential housing solutions for low-income adults, disabled individuals, and low-income seniors. Located in Montevideo, MN, the organization operates 8 rental units, offering one and two-bedroom apartments that cater to those in need. By utilizing subsidies from the USDA, Ferndale Estates ensures that affordable housing is accessible, enhancing the quality of life for vulnerable populations. This initiative not only addresses the critical demand for low-income housing but also helps to foster a sense of stability and security for residents, which is vital for their overall well-being and integration into the community.
This information is meant to be a general summary of Ferndale Estates Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $2,043
- Program Service Revenue: $67,076
- Gross Receipts: $69,433
Assets and Liabilities:
- Total Assets: $450,700
- Total Liabilities: $297,854
- Net Assets: $152,846
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Phone
(320) 269-6640Principal Officer
Misi Gangl
Main Address
540 S 1ST ST, MONTEVIDEO, MN, 56265
NTEE Category
Code: L22 - Housing
If you are a representative of Ferndale Estates Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.