Civic Intelligence

Ridge Oak Inc.

990 • Fiscal year 2019 • EIN 22-2185024

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 12, 2020

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

15th percentile

0.05x

Higher debt load relative to assets than 15% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Liabilities / Revenue

16th percentile

0.18x

Higher debt load relative to revenue than 16% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Net Margin

77th percentile

33%

Higher net margin than 77% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Top Officer Pay

54th percentile

$219,043

Higher top officer pay than 54% of similar nonprofits.

Top officer pay equals 3.5% of source-year revenue.

2019 filings • NTEE L • $10M-$25M nonprofits • Source year 2019

Asset Growth

86th percentile

16%

Faster asset growth than 86% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2018 to 2019

Revenue Growth

67th percentile

11%

Faster revenue growth than 67% of similar nonprofits.

2019 filings • NTEE L • $10M-$25M nonprofits • Annualized from 2018 to 2019

Balance Sheet
Liabilities / Assets15th percentile

Assets

Up

$24,413,241

Up $3,316,296 (+16%) from 2018

Net Assets

Up

$23,265,127

Up $2,558,204 (+12%) from 2018

Liabilities

Up

$1,148,114

Up $758,092 (+194%) from 2018

Revenue And Expenses
Liabilities / Revenue16th percentileNet Margin77th percentile

Revenue

Up

$6,216,398

Up $624,568 (+11%) from 2018

Expenses

Up

$4,168,220

Up $2,690 (+0.1%) from 2018

Net Income

Up

$2,048,178

Up $621,878 (+44%) from 2018

Historical Trend

Balance Sheet Trend

Asset Growth86th 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

2019

Assets$24,413,241
Liabilities$1,148,114
Net Assets$23,265,127
Open 2019 Filing

Operations Trend

Revenue Growth67th 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

2019

Revenue$6,216,398
Expenses$4,168,220
Net Income$2,048,178
Open 2019 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 12, 2020
Return Version
2018v3.1
Gross Receipts
$9,043,323
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$9,902,474$12,007,717▲ $2,105,243
Land, Buildings, and Equipment, Net$8,354,088$10,231,766▲ $1,877,678
Other Notes and Loans Receivable, Net$1,334,424$1,333,601▼ $823
Savings and Temporary Cash Investments$197,135$358,618▲ $161,483
Prepaid Expenses and Deferred Charges$166,491$164,762▼ $1,729
Cash and Non-Interest-Bearing Accounts$962,683$144,471▼ $818,212
Accounts Receivable$60,025$52,847▼ $7,178
Total Assets$21,096,945$24,413,241▲ $3,316,296
Other Assets Total$119,625$119,459▼ $166
Liabilities
Accounts Payable and Accrued Expenses$270,397$1,028,655▲ $758,258
Escrow Account Liability$119,625$119,459▼ $166
Total Liabilities$390,022$1,148,114▲ $758,092
Net Assets / Fund Balance
Unrestricted Net Assets$20,706,923$23,265,127▲ $2,558,204
Total Net Assets Fund Balance$20,706,923$23,265,127▲ $2,558,204
Total Liabilities and Net Assets / Fund Balance$21,096,945$24,413,241▲ $3,316,296

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$6,237,891$14,807,838$21,045,729
Leasehold Improvements$2,565,452$1,454,468$4,019,920
Equipment$163,187$1,027,992$1,191,179
Other Land Buildings$854,719-$854,719
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
$132,249
Program Service Revenue
$5,709,617
Investment Income
$372,513
Other Revenue
$2,019
All Other Contributions
$29,064
Change in Net Assets
$2,048,178

Audited Revenue Reconciliation

Revenue per Audited Statements
$6,216,398
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$510,026
Total Revenue per Audited Statements
$6,726,424
Total Revenue per Form 990
$6,216,398
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$2,746,579
Salaries, Compensation, and Employee Benefits$1,421,641
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$697,178$402,596-$1,099,774
Depreciation Depletion$912,991--$912,991
Occupancy$260,874--$260,874
Other Employee Benefits$151,712$101,141-$252,853
Fees for Services Management-$185,191-$185,191
Insurance$158,681--$158,681
Office Expenses-$80,304-$80,304
Payroll Taxes$41,408$27,606-$69,014
Fees for Services Other-$54,598-$54,598
Other Expenses$219,521$52,737-$52,737
Fees for Services Accounting-$27,798-$27,798
Fees for Service Investment Mgmnt Fees-$24,101-$24,101
All Other Expenses-$17,619-$17,619
Fees for Services Legal-$17,372-$17,372
Information Technology-$13,891-$13,891
Travel-$11,337-$11,337
Advertising-$1,684-$1,684
Total Functional Expenses$3,150,245$1,017,975$0$4,168,220

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$4,168,220
Total Expenses per Audited Statements$4,168,220
Total Expenses per Form 990$4,168,220
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$0
Fundraising, Events, and Gaming
Fundraising activities
Yes
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Fundraising Gross Income$17,852
Fundraising Direct Expenses$15,833
Professional Fundraising Fees$0

Fundraising Events

EventGross ReceiptsGross RevenueDirect ExpensesNet Income
Bazaar$17,852$17,852$15,833$2,019
Total Events$17,852$17,852$15,833$2,019
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
2020-03-12
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
38
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 2019 and 2018. At june 30, 2019 and 2018, there are no significant income tax uncertainties.”

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IRS990/InvestmentIncomeGrp/ExclusionAmt0242645
IRS990/InvestmentIncomeGrp/TotalRevenueColumnAmt0242645
IRS990/InvestmentInJointVentureInd00
IRS990/InvestmentsPubTradedSecGrp/BOYAmt09902474
IRS990/InvestmentsPubTradedSecGrp/EOYAmt012007717
IRS990/IRPDocumentCnt030
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt017290298
IRS990/LandBldgEquipBasisNetGrp/BOYAmt08354088
IRS990/LandBldgEquipBasisNetGrp/EOYAmt010231766
IRS990/LandBldgEquipCostOrOtherBssAmt027522064
IRS990/LegalDomicileStateCd0NJ
IRS990/LessCostOthBasisSalesExpnssGrp/SecuritiesAmt02811092
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/NetAssetsOrFundBalancesBOYAmt020706923
IRS990/NetAssetsOrFundBalancesEOYAmt023265127
IRS990/NetGainOrLossInvestmentsGrp/ExclusionAmt0129868
IRS990/NetGainOrLossInvestmentsGrp/TotalRevenueColumnAmt0129868
IRS990/NetIncmFromFundraisingEvtGrp/ExclusionAmt02019
IRS990/NetIncmFromFundraisingEvtGrp/TotalRevenueColumnAmt02019
IRS990/NetUnrelatedBusTxblIncmAmt00
IRS990/NetUnrlzdGainsLossesInvstAmt0510026
IRS990/NondeductibleContributionsInd00
IRS990/OccupancyGrp/ProgramServicesAmt0260874
IRS990/OccupancyGrp/TotalAmt0260874
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt080304
IRS990/OfficeExpensesGrp/TotalAmt080304
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt0119625
IRS990/OtherAssetsTotalGrp/EOYAmt0119459
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt0101141
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt0151712
IRS990/OtherEmployeeBenefitsGrp/TotalAmt0252853
IRS990/OtherExpensesGrp/Desc0MAINTENANCE CONTRACTS
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2MAINTENANCE AND REPAIRS
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt052737
IRS990/OtherExpensesGrp/ProgramServicesAmt0356166
IRS990/OtherExpensesGrp/ProgramServicesAmt1351714
IRS990/OtherExpensesGrp/ProgramServicesAmt2219521
IRS990/OtherExpensesGrp/TotalAmt0356166
IRS990/OtherExpensesGrp/TotalAmt1351714
IRS990/OtherExpensesGrp/TotalAmt2219521
IRS990/OtherExpensesGrp/TotalAmt352737
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt0402596
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0697178
IRS990/OtherSalariesAndWagesGrp/TotalAmt01099774
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01334424
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01333601
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt027606
IRS990/PayrollTaxesGrp/ProgramServicesAmt041408
IRS990/PayrollTaxesGrp/TotalAmt069014
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt0166491
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt0164762
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/RelatedOrExemptFuncIncomeAmt04468289
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt11210795
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt217724
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt312809
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt04468289
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt11210795
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt217724
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt312809
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt0153675
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt0375565
IRS990/PYOtherExpensesAmt02676380
IRS990/PYOtherRevenueAmt0-1629
IRS990/PYProgramServiceRevenueAmt05064219
IRS990/PYRevenuesLessExpensesAmt01426300
IRS990/PYSalariesCompEmpBnftPaidAmt01489150
IRS990/PYTotalExpensesAmt04165530
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt05591830
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt02048178
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd00
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt05709617
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0197135
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0358618
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearAmt0132249
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus1YearAmt0153675
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus2YearsAmt094047
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus3YearsAmt0150381
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/CurrentTaxYearMinus4YearsAmt0156466
IRS990ScheduleA/GiftsGrantsContrisRcvd509Grp/TotalAmt0686818
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0242645
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt0213122
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt0351442
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0160392
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt0207006
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt01174607
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt05709617
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt05064219
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt03956536
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt03825439
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt03675364
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt022231175
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0242645
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt0213122
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt0351442
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0160392
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt0207006
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt01174607
IRS990ScheduleA/InvestmentIncomeCYPct00.04880
IRS990ScheduleA/InvestmentIncomePYPct00.05350
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95120
IRS990ScheduleA/PublicSupportPY509Pct00.94650
IRS990ScheduleA/PublicSupportTotal509Amt022917993
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt05841866
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt05217894
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt04050583
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt03975820
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt03831830
IRS990ScheduleA/Total509Grp/TotalAmt022917993
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt06084511
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt05431016
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt04402025
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt04136212
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt04038836
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt024092600
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/BookValueAmt06237891
IRS990ScheduleD/BuildingsGrp/DepreciationAmt014807838
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt021045729
IRS990ScheduleD/EquipmentGrp/BookValueAmt0163187
IRS990ScheduleD/EquipmentGrp/DepreciationAmt01027992
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt01191179
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt04168220
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt0410517
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0410517
IRS990ScheduleD/LeaseholdImprovementsGrp/BookValueAmt02565452
IRS990ScheduleD/LeaseholdImprovementsGrp/DepreciationAmt01454468
IRS990ScheduleD/LeaseholdImprovementsGrp/OtherCostOrOtherBasisAmt04019920
IRS990ScheduleD/NetUnrealizedGainsInvstAmt0510026
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt0854719
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0854719
IRS990ScheduleD/RevenueNotReportedAmt0510026
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt06216398
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 2019 AND 2018. AT JUNE 30, 2019 AND 2018, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt010231766
IRS990ScheduleD/TotalExpensesPerForm990Amt04168220

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Filings

Displayed year

2019 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$24,413,241
Liabilities
$1,148,114
Net assets
$23,265,127
Revenue
$6,216,398
Expenses
$4,168,220
Net income
$2,048,178
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