Civic Intelligence

Ridge Oak Inc.

990 • Fiscal year 2014 • EIN 22-2185024

Jul 01, 2013 to Jun 30, 2014 • Filed on Nov 25, 2014

Organization ProfileWWW.RIDGEOAK.ORG

View Organization Page

150 Manchester Drive07920

(908) 221-0266

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

14th percentile

0.02x

Higher debt load relative to assets than 14% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Liabilities / Revenue

12th percentile

0.09x

Higher debt load relative to revenue than 12% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Net Margin

68th percentile

11%

Higher net margin than 68% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Top Officer Pay

47th percentile

$183,447

Higher top officer pay than 47% of similar nonprofits.

Top officer pay equals 4.6% of source-year revenue.

2014 filings • NTEE L • $10M-$25M nonprofits • Source year 2014

Asset Growth

65th percentile

3.6%

Faster asset growth than 65% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2013 to 2014

Revenue Growth

44th percentile

0.6%

Faster revenue growth than 44% of similar nonprofits.

2014 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2011 to 2014

Balance Sheet
Liabilities / Assets14th percentile

Assets

Up

$18,381,445

Up $646,061 (+3.6%) from 2013

Net Assets

Up

$18,001,631

Up $566,787 (+3.3%) from 2013

Liabilities

Up

$379,814

Up $79,274 (+26%) from 2013

Revenue And Expenses
Liabilities / Revenue12th percentileNet Margin68th percentile

Revenue

$4,019,384

No earlier filing loaded for comparison.

Expenses

Up

$3,586,968

Up $209,454 (+6.2%) from 2013

Net Income

$432,416

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth65th percentile

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$40M$30M$20M$10M$0Assets 2010: $15,402,853Liabilities 2010: $300,081Net Assets 2010: $15,102,7722010Assets 2011: $16,118,163Liabilities 2011: $268,156Net Assets 2011: $15,850,0072011Assets 2012: $16,943,814Liabilities 2012: $269,740Net Assets 2012: $16,674,0742012Assets 2013: $17,735,384Liabilities 2013: $300,540Net Assets 2013: $17,434,8442013Assets 2014: $18,381,445Liabilities 2014: $379,814Net Assets 2014: $18,001,6312014Assets 2015: $18,627,600Liabilities 2015: $500,974Net Assets 2015: $18,126,6262015Assets 2016: $18,892,779Liabilities 2016: $346,587Net Assets 2016: $18,546,1922016Assets 2017: $19,520,429Liabilities 2017: $290,954Net Assets 2017: $19,229,4752017Assets 2018: $21,096,945Liabilities 2018: $390,022Net Assets 2018: $20,706,9232018Assets 2019: $24,413,241Liabilities 2019: $1,148,114Net Assets 2019: $23,265,1272019Assets 2020: $25,711,594Liabilities 2020: $257,105Net Assets 2020: $25,454,4892020Assets 2021: $29,738,000Liabilities 2021: $265,347Net Assets 2021: $29,472,6532021Assets 2022: $29,620,650Liabilities 2022: $279,202Net Assets 2022: $29,341,4482022Assets 2023: $32,623,279Liabilities 2023: $321,976Net Assets 2023: $32,301,3032023Assets 2024: $35,754,080Liabilities 2024: $303,059Net Assets 2024: $35,451,0212024Assets 2025: $39,146,225Liabilities 2025: $442,731Net Assets 2025: $38,703,4942025

Highlighted filing

2014

Assets$18,381,445
Liabilities$379,814
Net Assets$18,001,631
Open 2014 Filing

Operations Trend

Revenue Growth44th percentile

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$10M$5.0M$0Expenses 2010: $3,012,2422010Revenue 2011: $3,942,781Expenses 2011: $3,047,021Net Income 2011: $895,7602011Expenses 2012: $3,259,6772012Expenses 2013: $3,377,5142013Revenue 2014: $4,019,384Expenses 2014: $3,586,968Net Income 2014: $432,4162014Revenue 2015: $4,162,417Expenses 2015: $3,634,423Net Income 2015: $527,9942015Revenue 2016: $4,064,804Expenses 2016: $3,819,443Net Income 2016: $245,3612016Revenue 2017: $4,430,230Expenses 2017: $3,885,441Net Income 2017: $544,7892017Revenue 2018: $5,591,830Expenses 2018: $4,165,530Net Income 2018: $1,426,3002018Revenue 2019: $6,216,398Expenses 2019: $4,168,220Net Income 2019: $2,048,1782019Revenue 2020: $6,434,290Expenses 2020: $4,216,616Net Income 2020: $2,217,6742020Revenue 2021: $6,648,851Expenses 2021: $4,364,176Net Income 2021: $2,284,6752021Revenue 2022: $7,489,570Expenses 2022: $4,667,969Net Income 2022: $2,821,6012022Revenue 2023: $7,721,748Expenses 2023: $5,087,673Net Income 2023: $2,634,0752023Revenue 2024: $7,782,366Expenses 2024: $5,910,038Net Income 2024: $1,872,3282024Revenue 2025: $9,684,532Expenses 2025: $6,454,559Net Income 2025: $3,229,9732025

Highlighted filing

2014

Revenue$4,019,384
Expenses$3,586,968
Net Income$432,416
Open 2014 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2013 to Jun 30, 2014
Signed
Nov 25, 2014
Return Version
2013v3.0
Gross Receipts
$8,490,288
Mission and Program Overview

Mission

To operate a residential housing project in basking ridge, nj for low income elderly persons.

To operate a residential housing project in basking ridge, nj primarily for low income elderly.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$8,234,016$8,346,568▲ $112,552
Investments in Publicly Traded Securities$5,242,535$6,400,374▲ $1,157,839
Savings and Temporary Cash Investments$2,690,435$1,986,997▼ $703,438
Other Notes and Loans Receivable, Net$1,291,287$1,333,106▲ $41,819
Prepaid Expenses and Deferred Charges$48,864$146,987▲ $98,123
Accounts Receivable$39,883$41,389▲ $1,506
Cash and Non-Interest-Bearing Accounts$67,589$10,150▼ $57,439
Total Assets$17,735,384$18,381,445▲ $646,061
Other Assets Total$120,775$115,874▼ $4,901
Liabilities
Accounts Payable and Accrued Expenses$179,765$263,940▲ $84,175
Escrow Account Liability$120,775$115,874▼ $4,901
Other Liabilities-$0-
Total Liabilities$300,540$379,814▲ $79,274
Net Assets / Fund Balance
Unrestricted Net Assets$17,434,844$18,001,631▲ $566,787
Total Net Assets Fund Balance$17,434,844$18,001,631▲ $566,787
Total Liabilities and Net Assets / Fund Balance$17,735,384$18,381,445▲ $646,061

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,088,028$11,924,489$18,012,517
Leasehold Improvements$1,648,361$1,580,842$3,229,203
Equipment$199,662$1,185,633$1,385,295
Land$410,517-$410,517
Other Land Buildings$0--
Compensation and Service Providers
Top Officer Pay47th percentile

Board Members and Trustees

NameTitle
Russell E Archer JrPresident
CLAIRE L O'BRIENVice President
Bonnie KellyExecutive Director
Charles J LindTrustee
Donald FeuerbachTrustee
John WojnarTrustee
Robert B BoyeTrustee
William AdamsTrustee
Patricia R GiammarinaroSecretary
Ronald BaileyTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$182,458
Program Service Revenue
$3,652,654
Investment Income
$183,972
Other Revenue
$300
Change in Net Assets
$432,416

Audited Revenue Reconciliation

Revenue per Audited Statements
$4,019,384
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$129,690
Total Revenue per Audited Statements
$4,149,074
Total Revenue per Form 990
$4,019,384
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,389,539
Salaries, Compensation, and Employee Benefits$1,197,429
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$861,450--$861,450
Other Salaries and Wages$593,119$262,397-$855,516
Occupancy$296,670--$296,670
Other Employee Benefits$173,825$115,883-$289,708
Fees for Services Management$163,672--$163,672
Insurance$126,599--$126,599
Payroll Taxes$31,323$20,882-$52,205
Office Expenses-$48,792-$48,792
Other Expenses$227,517$46,933-$46,933
Fees for Services Other-$46,339-$46,339
Fees for Services Accounting-$23,379-$23,379
All Other Expenses-$15,912-$15,912
Travel-$15,178-$15,178
Fees for Services Legal-$12,110-$12,110
Advertising-$2,273-$2,273
Total Functional Expenses$2,976,890$610,078$0$3,586,968

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,002,717
Expenses per Audited Statements$3,586,968
Total Expenses per Form 990$3,586,968
Expenses Not Reported on Form 990$415,749
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
No
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
No
Management duties delegated
Yes

Governance Explanations

Form 990, Part VI, Section A, Line 3

“Ridge oak management, inc. Is a related organization that is a supporting organization to ridge oak, inc. Ridge oak management provides managment services related to low income senior housing.”

Form 990, Part VI, Section B, Line 11

“A copy of the 990 is provided to the executive director prior to filing. The executive director makes this copy available to all board members who may review and ask questions. All questions are resolved before final filing of the 990.”

Form 990, Part VI, Section B, Line 12C

“All new board members are required to review and sign a hud conflict of interest policy and disclosure certification (4571.3 rev-1). These certifications are reviewed annually.”

Form 990, Part VI, Section C, Line 18

“The organization's 990 is available upon request and on guidestar.org”

Form 990, Part VI, Section C, Line 19

“The organization's governing documents, conflict of interest policy, and financial statements may be made available to the public upon request.”

Filing and Contact Details

Filer

EIN
22-2185024
Phone
9082210266

Signing Officer

Name
Bonnie Kelly
Title
Executive Director
Phone
9082210266
Signed
2014-11-25
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Falkon S Davis
Formed
1976
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
38
Volunteers
0

Preparer

Preparer
Ron Matan
Phone
9739949494
Supplemental Narrative

Additional Explanations

FORM 990, PART XI, LINE 9:

“Change in care fund not reported on 990 or audited financial statement 4,681.”

Form 990 Part XI, Line 2C

“The process has not changed from the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenant security deposits are held in a separate interest-bearing fdic insured account in ridge oak's name in trust for the tenants. Under certain circumstances, tenant security deposits may be applied towards unpaid rent or other tenant obligations.”

PART X, LINE 2:

“Ridge oak qualifies as a not-for-profit organization under 501(c)(3) of the internal revenue code. Accordingly, it is not subject to federal or state income taxes. The organization follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the organization's financial statements. The guidance prescribes a recognition threshold and measurement attribute for the recognition and measurement of a tax position taken or expected to be taken in a tax return, and also provides guidance on de-recognition, classification, interest and penalties, disclosure and transition. The organization's policy is to recognize interest and penalties on unrecognized tax benefits in income tax expense. No interest and penalties were recorded during the years ended 2014 and 2013. The tax years subject to audit by federal and state jurisdictions are the years ended june 30, 2011, and forward. At june 30, 2014 and 2013, there are no significant income tax uncertainties.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Funding of repair & replacement reserve charged to operations on f/s 375,735. Board designated funding of felmeth hall expansion 40,014.”

Raw XML AppendixShowing 400 of 578 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.

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IRS990/LocalChaptersInd00
IRS990/MaterialDiversionOrMisuseInd00
IRS990/MembersOrStockholdersInd00
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd01
IRS990/MinutesOfGoverningBodyInd01
IRS990/MissionDesc0TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ FOR LOW INCOME ELDERLY PERSONS.
IRS990/MoreThan5000KToIndividualsInd00
IRS990/MoreThan5000KToOrgInd00
IRS990/NetAssetsOrFundBalancesBOYAmt017434844
IRS990/NetAssetsOrFundBalancesEOYAmt018001631
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0-65088
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0-65088
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0129690
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0296670
IRS990/OccupancyGrp/TotalAmt0296670
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt048792
IRS990/OfficeExpensesGrp/TotalAmt048792
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0120775
IRS990/OtherAssetsTotalGrp/EOYAmt0115874
IRS990/OtherChangesInNetAssetsAmt04681
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0115883
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0173825
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0289708
IRS990/OtherExpensesGrp/Desc0MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc1MAINTENANCE CONTRACTS
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt046933
IRS990/OtherExpensesGrp/ProgramServicesAmt0265945
IRS990/OtherExpensesGrp/ProgramServicesAmt1236770
IRS990/OtherExpensesGrp/ProgramServicesAmt2227517
IRS990/OtherExpensesGrp/TotalAmt0265945
IRS990/OtherExpensesGrp/TotalAmt1236770
IRS990/OtherExpensesGrp/TotalAmt2227517
IRS990/OtherExpensesGrp/TotalAmt346933
IRS990/OtherLiabilitiesGrp/EOYAmt00
IRS990/OtherRevenueMiscGrp/BusinessCd0900099
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS
IRS990/OtherRevenueMiscGrp/ExclusionAmt0300
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0300
IRS990/OtherRevenueTotalAmt0300
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0262397
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0593119
IRS990/OtherSalariesAndWagesGrp/TotalAmt0855516
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01291287
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01333106
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt020882
IRS990/PayrollTaxesGrp/ProgramServicesAmt031323
IRS990/PayrollTaxesGrp/TotalAmt052205
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt048864
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0146987
IRS990/PrincipalOfficerNm0FALKON S DAVIS
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2812300
IRS990/ProgramServiceRevenueGrp/Desc0RENT - ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc1RENT - TENANTS
IRS990/ProgramServiceRevenueGrp/Desc2TENANT SERVICES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt02499989
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11122890
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt229775
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt02499989
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11122890
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt229775
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0162661
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0436065
IRS990/PYOtherExpensesAmt02247019
IRS990/PYOtherRevenueAmt0290
IRS990/PYProgramServiceRevenueAmt03638285
IRS990/PYRevenuesLessExpensesAmt0859787
IRS990/PYSalariesCompEmpBnftPaidAmt01130495
IRS990/PYTotalExpensesAmt03377514
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04237301
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0432416
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt03652954
IRS990/SavingsAndTempCashInvstGrp/BOYAmt02690435
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01986997
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0182458
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0162661
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0163148
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt019472
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt018536
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0546275
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0249060
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0333572
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0297618
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0358683
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0293409
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01532342
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt03652654
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03638575
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03570872
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03523931
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03373956
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt017759988
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0249060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0333572
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0297618
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0358683
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0293409
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01532342
IRS990ScheduleA/InvestmentIncomeCYPct00.07720
IRS990ScheduleA/InvestmentIncomePYPct00.08000
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0300
IRS990ScheduleA/OtherIncome509Grp/TotalAmt0300
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.92270
IRS990ScheduleA/PublicSupportPY509Pct00.92000
IRS990ScheduleA/PublicSupportTotal509Amt018306263
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt03835112
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt03801236
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03734020
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03543403
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03392492
IRS990ScheduleA/Total509Grp/TotalAmt018306263
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt04084472
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04134808
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04031638
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt03902086
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt03685901
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt019838905
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt06088028
IRS990ScheduleD/BuildingsGrp/DepreciationAmt011924489
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt018012517
IRS990ScheduleD/EquipmentGrp/BookValueAmt0199662
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01185633
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01385295
IRS990ScheduleD/ExpensesNotReportedAmt0415749
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt03586968
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0410517
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0410517
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01648361
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01580842
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03229203
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0129690
IRS990ScheduleD/OtherExpensesIncludedAmt0415749
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt00
IRS990ScheduleD/RevenueNotReportedAmt0129690
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt04019384
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE INTEREST-BEARING FDIC INSURED ACCOUNT IN RIDGE OAK'S NAME IN TRUST FOR THE TENANTS. UNDER CERTAIN CIRCUMSTANCES, TENANT SECURITY DEPOSITS MAY BE APPLIED TOWARDS UNPAID RENT OR OTHER TENANT OBLIGATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1RIDGE OAK QUALIFIES AS A NOT-FOR-PROFIT ORGANIZATION UNDER 501(C)(3) OF THE INTERNAL REVENUE CODE. ACCORDINGLY, IT IS NOT SUBJECT TO FEDERAL OR STATE INCOME TAXES. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED 2014 AND 2013. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS ENDED JUNE 30, 2011, AND FORWARD. AT JUNE 30, 2014 AND 2013, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDING OF REPAIR & REPLACEMENT RESERVE CHARGED TO OPERATIONS ON F/S 375,735. BOARD DESIGNATED FUNDING OF FELMETH HALL EXPANSION 40,014.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08346568
IRS990ScheduleD/TotalExpensesPerForm990Amt03586968
IRS990ScheduleD/TotalRevenuePerForm990Amt04019384
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt04149074
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04002717

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Filings

Displayed year

2014 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$18,381,445
Liabilities
$379,814
Net assets
$18,001,631
Revenue
$4,019,384
Expenses
$3,586,968
Net income
$432,416
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Detailed filing. Detailed filing data is available for this year.$39.1$0.44$38.7$9.68$6.45$3.23
2024Detailed filing. Detailed filing data is available for this year.$35.8$0.30$35.5$7.78$5.91$1.87
2023Detailed filing. Detailed filing data is available for this year.$32.6$0.32$32.3$7.72$5.09$2.63
2022Detailed filing. Detailed filing data is available for this year.$29.6$0.28$29.3$7.49$4.67$2.82
2021Detailed filing. Detailed filing data is available for this year.$29.7$0.27$29.5$6.65$4.36$2.28
2020Detailed filing. Detailed filing data is available for this year.$25.7$0.26$25.5$6.43$4.22$2.22
2019Detailed filing. Detailed filing data is available for this year.$24.4$1.15$23.3$6.22$4.17$2.05
2018Detailed filing. Detailed filing data is available for this year.$21.1$0.39$20.7$5.59$4.17$1.43
2017Detailed filing. Detailed filing data is available for this year.$19.5$0.29$19.2$4.43$3.89$0.54
2016Detailed filing. Detailed filing data is available for this year.$18.9$0.35$18.5$4.06$3.82$0.25
2015Detailed filing. Detailed filing data is available for this year.$18.6$0.50$18.1$4.16$3.63$0.53
2014Detailed filing. Detailed filing data is available for this year.$18.4$0.38$18.0$4.02$3.59$0.43
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$17.7$0.30$17.4$3.38
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$16.9$0.27$16.7$3.26
2011Summary only. Only limited summary data is available for this year.$16.1$0.27$15.9$3.94$3.05$0.90
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$15.4$0.30$15.1$3.01