Civic Intelligence

Ridge Oak III Inc.

990 • Fiscal year 2020 • EIN 27-3501015

Jul 01, 2019 to Jun 30, 2020 • Filed on Nov 13, 2020

Organization ProfileWWW.RIDGEOAK.ORG

Refreshing map…

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

14th percentile

0.02x

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

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Liabilities / Revenue

25th percentile

0.37x

Higher debt load relative to revenue than 25% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Net Margin

17th percentile

-38%

Higher net margin than 17% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Top Officer Pay

83rd percentile

$222,971

Higher top officer pay than 83% of similar nonprofits.

Top officer pay equals 89.8% of source-year revenue.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Source year 2020

Asset Growth

53rd percentile

-2.5%

Faster asset growth than 53% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Revenue Growth

52nd percentile

3.1%

Faster revenue growth than 52% of similar nonprofits.

2020 filings • NTEE L22 • $1M-$5M nonprofits • Annualized from 2019 to 2020

Balance Sheet
Liabilities / Assets14th percentile

Assets

Down

$3,901,997

Down $98,706 (-2.5%) from 2019

Net Assets

Down

$3,811,156

Down $94,294 (-2.4%) from 2019

Liabilities

Down

$90,841

Down $4,412 (-4.6%) from 2019

Revenue And Expenses
Liabilities / Revenue25th percentileNet Margin17th percentile

Revenue

Up

$248,181

Up $7,517 (+3.1%) from 2019

Expenses

Up

$342,475

Up $4,274 (+1.3%) from 2019

Net Income

Up

-$94,294

Up $3,243 (+3.3%) from 2019

Historical Trend

Balance Sheet Trend

Asset Growth53rd 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

2020

Assets$3,901,997
Liabilities$90,841
Net Assets$3,811,156
Open 2020 Filing

Operations Trend

Revenue Growth52nd 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

2020

Revenue$248,181
Expenses$342,475
Net Income-$94,294
Open 2020 Filing
Jump To
Filing Snapshot
Filing Period
Jul 1, 2019 to Jun 30, 2020
Signed
Nov 13, 2020
Return Version
2019v5.1
Gross Receipts
$248,181
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$3,853,868$3,735,241▼ $118,627
Prepaid Expenses and Deferred Charges$20,732$21,797▲ $1,065
Cash and Non-Interest-Bearing Accounts$16,053$16,530▲ $477
Accounts Receivable$474$261▼ $213
Total Assets$4,000,703$3,901,997▼ $98,706
Other Assets Total$109,576$128,168▲ $18,592
Liabilities
Other Liabilities$72,443$71,313▼ $1,130
Accounts Payable and Accrued Expenses$14,919$11,599▼ $3,320
Escrow Account Liability$7,891$7,929▲ $38
Total Liabilities$95,253$90,841▼ $4,412
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$3,905,450$3,811,156▼ $94,294
Total Net Assets Fund Balance$3,905,450$3,811,156▼ $94,294
Total Liabilities and Net Assets / Fund Balance$4,000,703$3,901,997▼ $98,706

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$3,722,685$858,431$4,581,116
Equipment$12,555$28,433$40,988
Land$1-$1
Compensation and Service Providers
Top Officer Pay83rd percentile

Board Members and Trustees

NameTitle
Vincent BakerPresident
Bruce WalkerVice President
Bonnie KellyExcutive Director
Bruce McarthurTrustee
Richard JuterbockTrustee
Russell E ArcherTrustee
Susan M GannonTrustee
Susan PapeTrustee
Judith AdamcsikSecretary
Royal GarmsTreasurer
Revenue and Support

Revenue Composition

Contributions and Grants
$0
Program Service Revenue
$242,718
Investment Income
$5,463
Other Revenue
$0
Change in Net Assets
$-94,294

Audited Revenue Reconciliation

Revenue per Audited Statements
$248,181
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$248,181
Total Revenue per Form 990
$248,181
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$265,850
Salaries, Compensation, and Employee Benefits$76,625
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$118,627--$118,627
Other Salaries and Wages$25,336$28,570-$53,906
Occupancy$24,409--$24,409
Insurance$20,270--$20,270
Other Employee Benefits$8,693$9,802-$18,495
Fees for Services Management-$12,960-$12,960
Fees for Services Accounting-$10,503-$10,503
Office Expenses-$6,877-$6,877
Payroll Taxes$1,985$2,239-$4,224
Other Expenses$1,635$26,156-$1,635
Conferences and Meetings-$518-$518
Total Functional Expenses$244,850$97,625$0$342,475

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$342,475
Total Expenses per Audited Statements$342,475
Total Expenses per Form 990$342,475
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.$48,894
Loan From Ridge Oak,inc.$22,419
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 35% controlled entity
No
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 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 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 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 DRIVE, BASKING RIDGE, NJ 07920

Signing Officer

Name
Bonnie Kelly
Title
Executive Director
Phone
9082210266
Signed
2020-11-13
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 & CO LLC CPA'S
Address
293 EISENHOWER PARKWAY, LIVINGSTON, NJ 07039-1711
Preparer
Ron Matan
Phone
9739949494
Supplemental Narrative

Additional Explanations

Part XII, Line 2C

“The oversight 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 2020 and 2019. At june 30, 2020, and 2019 there are no significant income tax uncertainties.”

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IRS990/OtherExpensesGrp/ProgramServicesAmt21635
IRS990/OtherExpensesGrp/TotalAmt033576
IRS990/OtherExpensesGrp/TotalAmt126156
IRS990/OtherExpensesGrp/TotalAmt210319
IRS990/OtherExpensesGrp/TotalAmt31635
IRS990/OtherLiabilitiesGrp/BOYAmt072443
IRS990/OtherLiabilitiesGrp/EOYAmt071313
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt028570
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt025336
IRS990/OtherSalariesAndWagesGrp/TotalAmt053906
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt02239
IRS990/PayrollTaxesGrp/ProgramServicesAmt01985
IRS990/PayrollTaxesGrp/TotalAmt04224
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt020732
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt021797
IRS990/PrincipalOfficerNm0BONNIE KELLY
IRS990/ProfessionalFundraisingInd00
IRS990/ProgramServiceRevenueGrp/BusinessCd0531110
IRS990/ProgramServiceRevenueGrp/BusinessCd1531110
IRS990/ProgramServiceRevenueGrp/BusinessCd2531110
IRS990/ProgramServiceRevenueGrp/Desc0TENANT ASSISTANCE PAYM
IRS990/ProgramServiceRevenueGrp/Desc1RENT - TENANT
IRS990/ProgramServiceRevenueGrp/Desc2LAUNDRY REVENUE
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0166718
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt174747
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21253
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0166718
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt174747
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21253
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt03277
IRS990/PYOtherExpensesAmt0264587
IRS990/PYOtherRevenueAmt00
IRS990/PYProgramServiceRevenueAmt0237387
IRS990/PYRevenuesLessExpensesAmt0-97537
IRS990/PYSalariesCompEmpBnftPaidAmt073614
IRS990/PYTotalExpensesAmt0338201
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0240664
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-94294
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0242718
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt05463
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt03277
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt01999
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt0971
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt01589
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt013299
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0242718
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0237387
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0226541
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0227208
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0217039
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01150893
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt05463
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt03277
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt01999
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt0971
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt01589
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt013299
IRS990ScheduleA/InvestmentIncomeCYPct00.01140
IRS990ScheduleA/InvestmentIncomePYPct00.00730
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.98860
IRS990ScheduleA/PublicSupportPY509Pct00.98370
IRS990ScheduleA/PublicSupportTotal509Amt01150893
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0242718
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0237387
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0226541
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0227208
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0217039
IRS990ScheduleA/Total509Grp/TotalAmt01150893
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0248181
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0240664
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0228540
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0228179
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0218628
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01164192
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt03722685
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0858431
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt04581116
IRS990ScheduleD/EquipmentGrp/BookValueAmt012555
IRS990ScheduleD/EquipmentGrp/DepreciationAmt028433
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt040988
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0342475
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt01
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt01
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt048894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt122419
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN FROM RIDGE OAK MANAGEMENT, INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN FROM RIDGE OAK,INC.
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0248181
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 2020 AND 2019. AT JUNE 30, 2020, AND 2019 THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES.
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0PART IV, LINE 2B:
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1PART X, LINE 2:
IRS990ScheduleD/TotalBookValueLandBuildingsAmt03735241
IRS990ScheduleD/TotalExpensesPerForm990Amt0342475
IRS990ScheduleD/TotalLiabilityAmt071313
IRS990ScheduleD/TotalRevenuePerForm990Amt0248181
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0248181
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0342475
IRS990ScheduleJ/AnyNonFixedPaymentsInd00
IRS990ScheduleJ/BoardOrCommitteeApprovalInd0X
IRS990ScheduleJ/CompBasedOnRevenueOfFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsFlngOrgInd00
IRS990ScheduleJ/CompBsdNetEarnsRltdOrgsInd00
IRS990ScheduleJ/CompBsdOnRevRelatedOrgsInd00
IRS990ScheduleJ/CompensationCommitteeInd0X
IRS990ScheduleJ/EquityBasedCompArrngmInd00
IRS990ScheduleJ/InitialContractExceptionInd00
IRS990/ScheduleJRequiredInd01
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BaseCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusFilingOrganizationAmount00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/BonusRelatedOrganizationsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompensationBasedOnRltdOrgsAmt0170094
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990FilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/CompReportPrior990RltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompensationFlngOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/DeferredCompRltdOrgsAmt030687
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/NontaxableBenefitsRltdOrgsAmt022190
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/OtherCompensationRltdOrgsAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0BONNIE KELLY
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0EXCUTIVE DIRECTOR
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationFilingOrgAmt00
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TotalCompensationRltdOrgsAmt0222971
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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2ALL 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.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3THE ORGANIZATION'S 990 IS AVAILABLE UPON REQUEST AND ON GUIDESTAR.ORG.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST AND FINANCIAL STATEMENTS MAY BE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990, PART VI, SECTION A, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PART VI, SECTION B, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PART VI, SECTION B, LINE 12C

Document Assets

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Filings

Displayed year

2020 • Form 990Detailed filing. Detailed filing data is available for this year.

Open filing
Assets
$3,901,997
Liabilities
$90,841
Net assets
$3,811,156
Revenue
$248,181
Expenses
$342,475
Net income
-$94,294
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