Civic Intelligence

Ridge Oak Inc.

990 • Fiscal year 2018 • EIN 22-2185024

Jul 01, 2017 to Jun 30, 2018 • Filed on Mar 07, 2019

Organization ProfileWWW.RIDGEOAK.ORG

View Organization Page

150 Manchester DriveBasking Ridge, NJ 07920

(908) 221-0266

Siviq Scores

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

Liabilities / Assets

11th percentile

0.02x

Higher debt load relative to assets than 11% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Liabilities / Revenue

7th percentile

0.07x

Higher debt load relative to revenue than 7% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Net Margin

74th percentile

26%

Higher net margin than 74% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Top Officer Pay

54th percentile

$208,578

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.7% of source-year revenue.

2018 filings • NTEE L • $10M-$25M nonprofits • Source year 2018

Asset Growth

79th percentile

8.1%

Faster asset growth than 79% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2017 to 2018

Revenue Growth

84th percentile

26%

Faster revenue growth than 84% of similar nonprofits.

2018 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2017 to 2018

Balance Sheet
Liabilities / Assets11th percentile

Assets

Up

$21,096,945

Up $1,576,516 (+8.1%) from 2017

Net Assets

Up

$20,706,923

Up $1,477,448 (+7.7%) from 2017

Liabilities

Up

$390,022

Up $99,068 (+34%) from 2017

Revenue And Expenses
Liabilities / Revenue7th percentileNet Margin74th percentile

Revenue

Up

$5,591,830

Up $1,161,600 (+26%) from 2017

Expenses

Up

$4,165,530

Up $280,089 (+7.2%) from 2017

Net Income

Up

$1,426,300

Up $881,511 (+162%) from 2017

Historical Trend

Balance Sheet Trend

Asset Growth79th 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

2018

Assets$21,096,945
Liabilities$390,022
Net Assets$20,706,923
Open 2018 Filing

Operations Trend

Revenue Growth84th 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

2018

Revenue$5,591,830
Expenses$4,165,530
Net Income$1,426,300
Open 2018 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2017 to Jun 30, 2018
Signed
Mar 7, 2019
Return Version
2017v2.3
Gross Receipts
$7,578,847
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
Investments in Publicly Traded Securities$8,289,482$9,902,474▲ $1,612,992
Land, Buildings, and Equipment, Net$8,844,399$8,354,088▼ $490,311
Other Notes and Loans Receivable, Net$1,333,219$1,334,424▲ $1,205
Cash and Non-Interest-Bearing Accounts$10,150$962,683▲ $952,533
Savings and Temporary Cash Investments$708,806$197,135▼ $511,671
Prepaid Expenses and Deferred Charges$156,990$166,491▲ $9,501
Accounts Receivable$59,109$60,025▲ $916
Total Assets$19,520,429$21,096,945▲ $1,576,516
Other Assets Total$118,274$119,625▲ $1,351
Liabilities
Accounts Payable and Accrued Expenses$172,680$270,397▲ $97,717
Escrow Account Liability$118,274$119,625▲ $1,351
Total Liabilities$290,954$390,022▲ $99,068
Net Assets / Fund Balance
Unrestricted Net Assets$19,229,475$20,706,923▲ $1,477,448
Total Net Assets Fund Balance$19,229,475$20,706,923▲ $1,477,448
Total Liabilities and Net Assets / Fund Balance$19,520,429$21,096,945▲ $1,576,516

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,968,602$14,891,558$20,860,160
Leasehold Improvements$1,791,740$2,119,198$3,910,938
Equipment$183,229$1,247,168$1,430,397
Land$410,517-$410,517
Compensation and Service Providers
Top Officer Pay54th percentile

Board Members and Trustees

NameTitle
Bruce WalkerPresident
Vincent BakerVice President
Bonnie KellyExecutive Director
John WojnarTrustee
Richard JuterbockTrustee
Russell E Archer JrTrustee
Susan M GannonTrustee
William AdamsTrustee
Judith AdamcsikSecretary
Royal GarmsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$153,675
Program Service Revenue
$5,064,219
Investment Income
$375,565
Other Revenue
$-1,629
All Other Contributions
$40,977
Change in Net Assets
$1,426,300

Audited Revenue Reconciliation

Revenue per Audited Statements
$5,591,830
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$51,148
Total Revenue per Audited Statements
$5,642,978
Total Revenue per Form 990
$5,591,830
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,676,380
Salaries, Compensation, and Employee Benefits$1,489,150
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$719,479$380,599-$1,100,078
Depreciation Depletion$942,405--$942,405
Other Employee Benefits$190,137$126,758-$316,895
Occupancy$264,457--$264,457
Fees for Services Management-$174,728-$174,728
Insurance$147,627--$147,627
Office Expenses-$78,154-$78,154
Payroll Taxes$43,306$28,871-$72,177
Other Expenses$225,398$44,687-$44,687
Fees for Services Other-$37,625-$37,625
Fees for Services Accounting-$26,698-$26,698
Travel-$26,400-$26,400
Information Technology-$23,518-$23,518
Fees for Service Investment Mgmnt Fees-$20,000-$20,000
All Other Expenses-$18,952-$18,952
Advertising-$6,381-$6,381
Fees for Services Legal-$3,085-$3,085
Total Functional Expenses$3,169,074$996,456$0$4,165,530

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$4,702,332
Expenses per Audited Statements$4,165,530
Total Expenses per Form 990$4,165,530
Expenses Not Reported on Form 990$536,802
Expenses Not Reported on Financial Statements$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Direct Expenses$17,760
Fundraising Gross Income$16,131
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bazaar$16,131$16,131$17,760$-1,629
Total Events$16,131$16,131$17,760$-1,629
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 11B

“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

Filer Name
Ridge Oak Inc
EIN
22-2185024
Phone
9082210266
Address
150 MANCHESTER DRIVE, BASKING RIDGE, NJ 07920

Signing Officer

Name
Bonnie Kelly
Title
Executive Director
Phone
9082210266
Signed
2019-03-07
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bonnie Kelly
Formed
1976
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
32
Volunteers
10

Preparer

Firm
SOBEL & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Ron Matan
Phone
9739949494
Supplemental Narrative

Additional Explanations

FORM 990, PART XII, LINE 2C:

“The process has not changed from 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 2018 and 2017. At june 30, 2018 and 2017, there are no significant income tax uncertainties.”

PART XII, LINE 2D - OTHER ADJUSTMENTS:

“Funding of repair & replacement reserve charged to operations on f/s 536,802.”

Raw XML AppendixShowing 400 of 590 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/InsuranceGrp/TotalAmt0147627
IRS990/InvestmentIncomeGrp/ExclusionAmt0213122
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0213122
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt08289482
IRS990/InvestmentsPubTradedSecGrp/EOYAmt09902474
IRS990/IRPDocumentCnt027
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt018257924
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08844399
IRS990/LandBldgEquipBasisNetGrp/EOYAmt08354088
IRS990/LandBldgEquipCostOrOtherBssAmt026612012
IRS990/LegalDomicileStateCd0NJ
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt01969257
IRS990/LoanOutstandingInd00
IRS990/LobbyingActivitiesInd00
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/NetAssetsOrFundBalancesBOYAmt019229475
IRS990/NetAssetsOrFundBalancesEOYAmt020706923
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0162443
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0162443
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt0-1629
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt0-1629
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt051148
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0264457
IRS990/OccupancyGrp/TotalAmt0264457
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt078154
IRS990/OfficeExpensesGrp/TotalAmt078154
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0118274
IRS990/OtherAssetsTotalGrp/EOYAmt0119625
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0126758
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0190137
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0316895
IRS990/OtherExpensesGrp/Desc0MAINTENANCE CONTRACTS
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt044687
IRS990/OtherExpensesGrp/ProgramServicesAmt0324475
IRS990/OtherExpensesGrp/ProgramServicesAmt1311790
IRS990/OtherExpensesGrp/ProgramServicesAmt2225398
IRS990/OtherExpensesGrp/TotalAmt0324475
IRS990/OtherExpensesGrp/TotalAmt1311790
IRS990/OtherExpensesGrp/TotalAmt2225398
IRS990/OtherExpensesGrp/TotalAmt344687
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0380599
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0719479
IRS990/OtherSalariesAndWagesGrp/TotalAmt01100078
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01333219
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01334424
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt028871
IRS990/PayrollTaxesGrp/ProgramServicesAmt043306
IRS990/PayrollTaxesGrp/TotalAmt072177
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0156990
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0166491
IRS990/PrincipalOfficerNm0BONNIE KELLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531120
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2812900
IRS990/ProgramServiceRevenueGrp/BusinessCd3812300
IRS990/ProgramServiceRevenueGrp/Desc0RENT - ASSISTANCE
IRS990/ProgramServiceRevenueGrp/Desc1RENT - TENANTS
IRS990/ProgramServiceRevenueGrp/Desc2TENANT SERVICES
IRS990/ProgramServiceRevenueGrp/Desc3LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt03878178
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11086634
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt287878
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt311529
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt03878178
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11086634
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt287878
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt311529
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt094047
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0379647
IRS990/PYOtherExpensesAmt02607146
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt03956536
IRS990/PYRevenuesLessExpensesAmt0544789
IRS990/PYSalariesCompEmpBnftPaidAmt01278295
IRS990/PYTotalExpensesAmt03885441
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt04430230
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt01426300
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05064219
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0708806
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0197135
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0153675
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt094047
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt0150381
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0156466
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0182458
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0737027
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0213122
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0351442
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0160392
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0207006
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0249060
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01181022
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05064219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt03956536
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03825439
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03675364
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03652654
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt020174212
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0213122
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0351442
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0160392
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0207006
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0249060
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01181022
IRS990ScheduleA/InvestmentIncomeCYPct00.05350
IRS990ScheduleA/InvestmentIncomePYPct00.06260
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.94650
IRS990ScheduleA/PublicSupportPY509Pct00.93740
IRS990ScheduleA/PublicSupportTotal509Amt020911239
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05217894
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt04050583
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt03975820
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03831830
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03835112
IRS990ScheduleA/Total509Grp/TotalAmt020911239
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt05431016
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt04402025
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04136212
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04038836
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04084172
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt022092261
IRS990/ScheduleBRequiredInd01
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt05968602
IRS990ScheduleD/BuildingsGrp/DepreciationAmt014891558
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt020860160
IRS990ScheduleD/EquipmentGrp/BookValueAmt0183229
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01247168
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01430397
IRS990ScheduleD/ExpensesNotReportedAmt0536802
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04165530
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0410517
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0410517
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt01791740
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt02119198
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt03910938
IRS990ScheduleD/NetUnrealizedGainsInvstAmt051148
IRS990ScheduleD/OtherExpensesIncludedAmt0536802
IRS990ScheduleD/RevenueNotReportedAmt051148
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt05591830
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 2018 AND 2017. AT JUNE 30, 2018 AND 2017, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2FUNDING OF REPAIR & REPLACEMENT RESERVE CHARGED TO OPERATIONS ON F/S 536,802.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2PART XII, LINE 2D - OTHER ADJUSTMENTS:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt08354088
IRS990ScheduleD/TotalExpensesPerForm990Amt04165530
IRS990ScheduleD/TotalRevenuePerForm990Amt05591830
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt05642978
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt04702332
IRS990ScheduleG/FundraisingEventInformationGrp/DirectExpenseSummaryEventsAmt017760
IRS990ScheduleG/FundraisingEventInformationGrp/Event1Nm0BAZAAR
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsEvent1Amt016131
IRS990ScheduleG/FundraisingEventInformationGrp/GrossReceiptsTotalAmt016131

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Filings

Displayed year

2018 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$21,096,945
Liabilities
$390,022
Net assets
$20,706,923
Revenue
$5,591,830
Expenses
$4,165,530
Net income
$1,426,300
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