Civic Intelligence

Ridge Oak III Inc.

990 • Fiscal year 2015 • EIN 27-3501015

Jul 01, 2014 to Jun 30, 2015 • Filed on Nov 16, 2015

Organization ProfileWWW.RIDGEOAK.ORG
150 Manchester DrBasking Ridge, NJ 07920

(908) 221-0266

Siviq Scores

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

Liabilities / Assets

16th percentile

0.02x

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

2015 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2015

Liabilities / Revenue

29th percentile

0.51x

Higher debt load relative to revenue than 29% of similar nonprofits.

2015 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2015

Net Margin

25th percentile

-47%

Higher net margin than 25% of similar nonprofits.

2015 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2015

Top Officer Pay

80th percentile

$192,650

Higher top officer pay than 80% of similar nonprofits.

Top officer pay equals 95.6% of source-year revenue.

2015 filings • NTEE L • $1M-$5M nonprofits • Source year 2015

Asset Growth

56th percentile

-2.5%

Faster asset growth than 56% of similar nonprofits.

2015 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2014 to 2015

Revenue Growth

79th percentile

14%

Faster revenue growth than 79% of similar nonprofits.

2015 filings • NTEE L • $1M-$5M nonprofits • Annualized from 2014 to 2015

Balance Sheet
Liabilities / Assets16th percentile

Assets

Down

$4,391,183

Down $111,376 (-2.5%) from 2014

Net Assets

Down

$4,289,341

Down $94,723 (-2.2%) from 2014

Liabilities

Down

$101,842

Down $16,653 (-14%) from 2014

Revenue And Expenses
Liabilities / Revenue29th percentileNet Margin25th percentile

Revenue

Up

$201,512

Up $24,538 (+14%) from 2014

Expenses

Up

$296,235

Up $7,000 (+2.4%) from 2014

Net Income

Up

-$94,723

Up $17,538 (+16%) from 2014

Historical Trend

Balance Sheet Trend

Asset Growth56th percentile

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

$6.0M$4.0M$2.0M$0Assets 2013: $4,947,703Liabilities 2013: $451,378Net Assets 2013: $4,496,3252013Assets 2014: $4,502,559Liabilities 2014: $118,495Net Assets 2014: $4,384,0642014Assets 2015: $4,391,183Liabilities 2015: $101,842Net Assets 2015: $4,289,3412015Assets 2016: $4,296,417Liabilities 2016: $101,322Net Assets 2016: $4,195,0952016Assets 2017: $4,207,978Liabilities 2017: $106,078Net Assets 2017: $4,101,9002017Assets 2018: $4,109,504Liabilities 2018: $106,517Net Assets 2018: $4,002,9872018Assets 2019: $4,000,703Liabilities 2019: $95,253Net Assets 2019: $3,905,4502019Assets 2020: $3,901,997Liabilities 2020: $90,841Net Assets 2020: $3,811,1562020Assets 2021: $3,821,198Liabilities 2021: $101,857Net Assets 2021: $3,719,3412021Assets 2022: $3,728,132Liabilities 2022: $109,335Net Assets 2022: $3,618,7972022Assets 2023: $3,601,879Liabilities 2023: $85,575Net Assets 2023: $3,516,3042023Assets 2024: $3,543,526Liabilities 2024: $92,935Net Assets 2024: $3,450,5912024Assets 2025: $3,481,222Liabilities 2025: $98,324Net Assets 2025: $3,382,8982025

Highlighted filing

2015

Assets$4,391,183
Liabilities$101,842
Net Assets$4,289,341
Open 2015 Filing

Operations Trend

Revenue Growth79th percentile

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

$400K$200K$0-$200KExpenses 2013: $145,0962013Revenue 2014: $176,974Expenses 2014: $289,235Net Income 2014: -$112,2612014Revenue 2015: $201,512Expenses 2015: $296,235Net Income 2015: -$94,7232015Revenue 2016: $218,628Expenses 2016: $312,874Net Income 2016: -$94,2462016Revenue 2017: $228,179Expenses 2017: $321,374Net Income 2017: -$93,1952017Revenue 2018: $228,540Expenses 2018: $327,453Net Income 2018: -$98,9132018Revenue 2019: $240,664Expenses 2019: $338,201Net Income 2019: -$97,5372019Revenue 2020: $248,181Expenses 2020: $342,475Net Income 2020: -$94,2942020Revenue 2021: $252,842Expenses 2021: $344,657Net Income 2021: -$91,8152021Revenue 2022: $254,676Expenses 2022: $353,551Net Income 2022: -$98,8752022Revenue 2023: $270,434Expenses 2023: $372,138Net Income 2023: -$101,7042023Revenue 2024: $310,425Expenses 2024: $376,138Net Income 2024: -$65,7132024Revenue 2025: $331,830Expenses 2025: $399,523Net Income 2025: -$67,6932025

Highlighted filing

2015

Revenue$201,512
Expenses$296,235
Net Income-$94,723
Open 2015 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2014 to Jun 30, 2015
Signed
Nov 16, 2015
Return Version
2014v5.0
Gross Receipts
$201,512
Mission and Program Overview

Mission

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,436,386$4,318,204▼ $118,182
Prepaid Expenses and Deferred Charges$18,353$18,304▼ $49
Savings and Temporary Cash Investments$8,268$1,550▼ $6,718
Cash and Non-Interest-Bearing Accounts$1,000$1,000→ $0
Accounts Receivable-$280-
Total Assets$4,502,559$4,391,183▼ $111,376
Other Assets Total$38,552$51,845▲ $13,293
Liabilities
Other Liabilities$100,802$84,632▼ $16,170
Accounts Payable and Accrued Expenses$10,110$10,092▼ $18
Escrow Account Liability$7,583$7,118▼ $465
Total Liabilities$118,495$101,842▼ $16,653
Net Assets / Fund Balance
Unrestricted Net Assets$4,384,064$4,289,341▼ $94,723
Total Net Assets Fund Balance$4,384,064$4,289,341▼ $94,723
Total Liabilities and Net Assets / Fund Balance$4,502,559$4,391,183▼ $111,376

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,289,130$285,942$4,575,072
Other Land Buildings$29,074$8,969$38,043
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

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

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$190,921
Investment Income
$341
Other Revenue
$10,250
Change in Net Assets
$-94,723

Audited Revenue Reconciliation

Revenue per Audited Statements
$201,512
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$201,512
Total Revenue per Form 990
$201,512
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$234,365
Salaries, Compensation, and Employee Benefits$61,870
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$118,182--$118,182
Other Salaries and Wages$21,027$23,711-$44,738
Occupancy$22,487--$22,487
Insurance$16,433--$16,433
Other Employee Benefits$7,284$8,214-$15,498
Fees for Services Management-$12,960-$12,960
Fees for Services Accounting-$9,485-$9,485
Office Expenses-$6,386-$6,386
All Other Expenses$1,618$1,452-$3,070
Other Expenses$1,743--$1,743
Payroll Taxes$768$866-$1,634
Conferences and Meetings-$475-$475
Total Functional Expenses$232,686$63,549$0$296,235

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$296,235
Total Expenses per Audited Statements$296,235
Total Expenses per Form 990$296,235
Expenses Not Reported on Financial Statements$0
Expenses Not Reported on Form 990$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
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Loan From Ridge Oak Management, Inc.$84,632
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
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
Yes
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 iii, inc. Ridge oak management provides managment services related to the program service of 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 and financial statements may be made available to the public upon request.”

Filing and Contact Details

Filer

Filer Name
Ridge Oak Iii Inc
EIN
27-3501015
Phone
9082210266
Address
150 MANCHESTER DR, BASKING RIDGE, NJ 07920

Signing Officer

Name
Bonnie Kelly
Title
Executive Director
Phone
9082210266
Signed
2015-11-16
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Bonnie Kelly
Formed
2010
Legal Domicile
Nj
Voting Board Members
9
Independent Board Members
9
Employees
0
Volunteers
0

Preparer

Firm
SOBEL AND 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 the prior year.”

Financial Statement Notes

PART IV, LINE 2B:

“Tenant security deposits are held in a separate interest bearing bank account in the name of the project in trust for the tenants. Under certain circumstances, tenant security deposits may be applied to unpaid rent or other tenant obligations.”

PART X, LINE 2:

“The project is exempt from federal and state income taxes, under section 501(c)(3) of the internal revenue code. The project follows standards that provide clarification on accounting for uncertainty in income taxes recognized in the project'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 project'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 june 30, 2015 and 2014. The tax years subject to audit by federal and state jurisdictions are 2012 and forward. At june 30, 2015, and 2014 there are no significant income tax uncertainties.”

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IRS990/OccupancyGrp/TotalAmt022487
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt06386
IRS990/OfficeExpensesGrp/TotalAmt06386
IRS990/OfficerMailingAddressInd00
IRS990/OperateHospitalInd00
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt038552
IRS990/OtherAssetsTotalGrp/EOYAmt051845
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt08214
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt07284
IRS990/OtherEmployeeBenefitsGrp/TotalAmt015498
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc2SNOW REMOVAL
IRS990/OtherExpensesGrp/Desc3FINANCIAL EXPENSES
IRS990/OtherExpensesGrp/ProgramServicesAmt024985
IRS990/OtherExpensesGrp/ProgramServicesAmt111259
IRS990/OtherExpensesGrp/ProgramServicesAmt26900
IRS990/OtherExpensesGrp/ProgramServicesAmt31743
IRS990/OtherExpensesGrp/TotalAmt024985
IRS990/OtherExpensesGrp/TotalAmt111259
IRS990/OtherExpensesGrp/TotalAmt26900
IRS990/OtherExpensesGrp/TotalAmt31743
IRS990/OtherLiabilitiesGrp/BOYAmt0100802
IRS990/OtherLiabilitiesGrp/EOYAmt084632
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/Desc0OTHER
IRS990/OtherRevenueMiscGrp/ExclusionAmt010250
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt010250
IRS990/OtherRevenueTotalAmt010250
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt023711
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt021027
IRS990/OtherSalariesAndWagesGrp/TotalAmt044738
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt0866
IRS990/PayrollTaxesGrp/ProgramServicesAmt0768
IRS990/PayrollTaxesGrp/TotalAmt01634
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt018353
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt018304
IRS990/PrincipalOfficerNm0BONNIE KELLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENT - TENANT
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/Desc3SPECIAL CLAIMS
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0115891
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt174050
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2840
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt3140
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0115891
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt174050
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2840
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt3140
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt012
IRS990/PYOtherExpensesAmt0235325
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0176962
IRS990/PYRevenuesLessExpensesAmt0-112261
IRS990/PYSalariesCompEmpBnftPaidAmt053910
IRS990/PYTotalExpensesAmt0289235
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0176974
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-94723
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0190921
IRS990/SavingsAndTempCashInvstGrp/BOYAmt08268
IRS990/SavingsAndTempCashInvstGrp/EOYAmt01550
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/First5Years509Ind0X
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt0341
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt0356
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0201171
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0176962
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt079743
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt0457876
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt0341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt012
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt03
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt0356
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt010250
IRS990ScheduleA/OtherIncome509Grp/TotalAmt010250
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportTotal509Amt0457876
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0201171
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0176962
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt079743
IRS990ScheduleA/Total509Grp/TotalAmt0457876
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0211762
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0176974
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt079746
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt0468482
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04289130
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0285942
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04575072
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0296235
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt029074
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt08969
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt038043
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt084632
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN FROM RIDGE OAK MANAGEMENT, INC.
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0201512
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0TENANT SECURITY DEPOSITS ARE HELD IN A SEPARATE INTEREST BEARING BANK ACCOUNT IN THE NAME OF THE PROJECT IN TRUST FOR THE TENANTS. UNDER CERTAIN CIRCUMSTANCES, TENANT SECURITY DEPOSITS MAY BE APPLIED TO UNPAID RENT OR OTHER TENANT OBLIGATIONS.
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1THE PROJECT IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES, UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. THE PROJECT FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE PROJECT'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 PROJECT'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 JUNE 30, 2015 AND 2014. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE 2012 AND FORWARD. AT JUNE 30, 2015, AND 2014 THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt04318204
IRS990ScheduleD/TotalExpensesPerForm990Amt0296235
IRS990ScheduleD/TotalLiabilityAmt084632
IRS990ScheduleD/TotalRevenuePerForm990Amt0201512
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0201512
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0296235
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0160379
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt024246
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt08025
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BONNIE KELLY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXCUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0192650
IRS990ScheduleJ/SeverancePaymentInd00
IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RELIES UPON RIDGE OAK MANAGEMENT, INC., A RELATED ORGANIZATION, TO ESTABLISH COMPENSATION FOR THE EXECUTIVE DIRECTOR. RIDGE OAK MANAGEMENT USES TWO METHODS TO ESTABLISH COMPENSATION: A COMPENSATION COMMITTEE REVIEW AND BOARD APPROVAL OF COMPENSATION.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd00
IRS990/ScheduleORequiredInd01
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0RIDGE OAK MANAGEMENT, INC. IS A RELATED ORGANIZATION THAT IS A SUPPORTING ORGANIZATION TO RIDGE OAK III, INC. RIDGE OAK MANAGEMENT PROVIDES MANAGMENT SERVICES RELATED TO THE PROGRAM SERVICE OF LOW INCOME SENIOR HOUSING.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1A 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.

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Filings

Displayed year

2015 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$4,391,183
Liabilities
$101,842
Net assets
$4,289,341
Revenue
$201,512
Expenses
$296,235
Net income
-$94,723
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.48$0.10$3.38$0.33$0.40$0.07
2024Detailed filing. Detailed filing data is available for this year.$3.54$0.09$3.45$0.31$0.38$0.07
2023Detailed filing. Detailed filing data is available for this year.$3.60$0.09$3.52$0.27$0.37$0.10
2022Detailed filing. Detailed filing data is available for this year.$3.73$0.11$3.62$0.25$0.35$0.10
2021Detailed filing. Detailed filing data is available for this year.$3.82$0.10$3.72$0.25$0.34$0.09
2020Detailed filing. Detailed filing data is available for this year.$3.90$0.09$3.81$0.25$0.34$0.09
2019Detailed filing. Detailed filing data is available for this year.$4.00$0.10$3.91$0.24$0.34$0.10
2018Detailed filing. Detailed filing data is available for this year.$4.11$0.11$4.00$0.23$0.33$0.10
2017Detailed filing. Detailed filing data is available for this year.$4.21$0.11$4.10$0.23$0.32$0.09
2016Detailed filing. Detailed filing data is available for this year.$4.30$0.10$4.20$0.22$0.31$0.09
2015Detailed filing. Detailed filing data is available for this year.$4.39$0.10$4.29$0.20$0.30$0.09
2014Detailed filing. Detailed filing data is available for this year.$4.50$0.12$4.38$0.18$0.29$0.11
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.95$0.45$4.50$0.15