Civic Intelligence

Ridge Oak II Inc.

990 • Fiscal year 2015 • EIN 30-0407213

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

Organization ProfileWWW.RIDGEOAK.ORG
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

32nd percentile

0.17x

Higher debt load relative to assets than 32% of similar nonprofits.

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

Liabilities / Revenue

37th percentile

2.03x

Higher debt load relative to revenue than 37% of similar nonprofits.

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

Net Margin

23rd percentile

-51%

Higher net margin than 23% 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 49.6% of source-year revenue.

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

Asset Growth

24th percentile

-4.3%

Faster asset growth than 24% of similar nonprofits.

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

Revenue Growth

73rd percentile

7.9%

Faster revenue growth than 73% of similar nonprofits.

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

Balance Sheet
Liabilities / Assets32nd percentile

Assets

Down

$4,528,394

Down $635,514 (-12%) from 2012

Net Assets

Down

$3,740,475

Down $588,498 (-14%) from 2012

Liabilities

Down

$787,919

Down $47,016 (-5.6%) from 2012

Revenue And Expenses
Liabilities / Revenue37th percentileNet Margin23rd percentile

Revenue

$388,027

No earlier filing loaded for comparison.

Expenses

Up

$587,053

Up $30,936 (+5.6%) from 2012

Net Income

-$199,026

No earlier filing loaded for comparison.

Historical Trend

Balance Sheet Trend

Asset Growth24th percentile

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

$6.0M$4.0M$2.0M$0Assets 2010: $5,570,511Liabilities 2010: $870,600Net Assets 2010: $4,699,9112010Assets 2011: $5,346,822Liabilities 2011: $848,193Net Assets 2011: $4,498,6292011Assets 2012: $5,163,908Liabilities 2012: $834,935Net Assets 2012: $4,328,9732012Assets 2015: $4,528,394Liabilities 2015: $787,919Net Assets 2015: $3,740,4752015Assets 2017: $4,178,395Liabilities 2017: $875,216Net Assets 2017: $3,303,1792017Assets 2018: $3,878,462Liabilities 2018: $771,844Net Assets 2018: $3,106,6182018Assets 2021: $3,343,140Liabilities 2021: $777,038Net Assets 2021: $2,566,1022021Assets 2022: $3,159,692Liabilities 2022: $781,697Net Assets 2022: $2,377,9952022Assets 2023: $2,935,431Liabilities 2023: $756,400Net Assets 2023: $2,179,0312023Assets 2025: $2,695,921Liabilities 2025: $805,855Net Assets 2025: $1,890,0662025

Highlighted filing

2015

Assets$4,528,394
Liabilities$787,919
Net Assets$3,740,475
Open 2015 Filing

Operations Trend

Revenue Growth73rd percentile

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

$1.0M$500K$0-$500KExpenses 2010: $529,7312010Expenses 2011: $540,6282011Expenses 2012: $556,1172012Revenue 2015: $388,027Expenses 2015: $587,053Net Income 2015: -$199,0262015Revenue 2017: $416,253Expenses 2017: $679,819Net Income 2017: -$263,5662017Revenue 2018: $412,467Expenses 2018: $609,028Net Income 2018: -$196,5612018Revenue 2021: $431,993Expenses 2021: $633,843Net Income 2021: -$201,8502021Revenue 2022: $450,702Expenses 2022: $633,943Net Income 2022: -$183,2412022Revenue 2023: $480,654Expenses 2023: $676,153Net Income 2023: -$195,4992023Revenue 2025: $569,376Expenses 2025: $721,700Net Income 2025: -$152,3242025

Highlighted filing

2015

Revenue$388,027
Expenses$587,053
Net Income-$199,026
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
$388,027
Mission and Program Overview

Mission

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

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

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$4,333,838$4,089,159▼ $244,679
Savings and Temporary Cash Investments$352,325$377,901▲ $25,576
Prepaid Expenses and Deferred Charges$27,312$27,312→ $0
Cash and Non-Interest-Bearing Accounts$1,000$15,090▲ $14,090
Accounts Receivable$2,541$3,565▲ $1,024
Total Assets$4,730,954$4,528,394▼ $202,560
Other Assets Total$13,938$15,367▲ $1,429
Liabilities
Other Liabilities$758,988$756,405▼ $2,583
Accounts Payable and Accrued Expenses$18,527$16,147▼ $2,380
Escrow Account Liability$13,938$15,367▲ $1,429
Total Liabilities$791,453$787,919▼ $3,534
Net Assets / Fund Balance
Unrestricted Net Assets$3,939,501$3,740,475▼ $199,026
Total Net Assets Fund Balance$3,939,501$3,740,475▼ $199,026
Total Liabilities and Net Assets / Fund Balance$4,730,954$4,528,394▼ $202,560

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$4,063,763$2,485,414$6,549,177
Other Land Buildings$5,045$96,352$101,397
Land$20,351-$20,351
Compensation and Service Providers
Top Officer Pay80th percentile

Board Members and Trustees

NameTitle
Russel E Archer JrPresident
CLAIRE L O'BRIENVice President
Bonnie KellyExecutive 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
$355,873
Investment Income
$31,559
Other Revenue
$595
Change in Net Assets
$-199,026

Audited Revenue Reconciliation

Revenue per Audited Statements
$388,027
Revenue Not Reported on Financial Statements
$0
Revenue Not Reported on Form 990
$0
Total Revenue per Audited Statements
$388,027
Total Revenue per Form 990
$388,027
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$490,603
Salaries, Compensation, and Employee Benefits$96,450
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Depreciation Depletion$244,679--$244,679
Other Salaries and Wages$24,263$39,586-$63,849
Occupancy$47,110--$47,110
Fees for Services Management-$28,848-$28,848
Other Employee Benefits$10,519$17,163-$27,682
Insurance$23,642--$23,642
Fees for Services Accounting-$12,955-$12,955
Office Expenses-$7,830-$7,830
Payroll Taxes$1,869$3,050-$4,919
All Other Expenses$1,969--$1,969
Other Expenses$23,378$1,889-$1,889
Conferences and Meetings-$243-$243
Total Functional Expenses$475,489$111,564$0$587,053

Audited Expense Reconciliation

Line ItemAmount
Expenses per Audited Statements$587,053
Total Expenses per Audited Statements$587,053
Total Expenses per Form 990$587,053
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.$641,511
Loan From Ridge Oak, Inc.$114,894
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
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 ii, 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 form 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 Ii Inc
EIN
30-0407213
Phone
9082210266
Address
150 MANCHESTER DRIVE, BASKING RIDGE, NJ 07920

Signing Officer

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

Organization Details

Principal Officer
Bonnie Kelly
Formed
2001
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 2015 and 2014. The tax years subject to audit by federal and state jurisdictions are 2011 and forward. At june 30, 2015 and 2014, there are no significant income tax uncertainties.”

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IRS990/OtherAssetsTotalGrp/EOYAmt015367
IRS990/OtherChangesInNetAssetsAmt00
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt017163
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010519
IRS990/OtherEmployeeBenefitsGrp/TotalAmt027682
IRS990/OtherExpensesGrp/Desc0REPAIRS AND MAINTENANCE
IRS990/OtherExpensesGrp/Desc1FINANCIAL EXPENSES- MIS
IRS990/OtherExpensesGrp/Desc2REAL ESTATE TAXES
IRS990/OtherExpensesGrp/Desc3MISCELLANEOUS ADMINISTR
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt01889
IRS990/OtherExpensesGrp/ProgramServicesAmt060704
IRS990/OtherExpensesGrp/ProgramServicesAmt137356
IRS990/OtherExpensesGrp/ProgramServicesAmt223378
IRS990/OtherExpensesGrp/TotalAmt060704
IRS990/OtherExpensesGrp/TotalAmt137356
IRS990/OtherExpensesGrp/TotalAmt223378
IRS990/OtherExpensesGrp/TotalAmt31889
IRS990/OtherLiabilitiesGrp/BOYAmt0758988
IRS990/OtherLiabilitiesGrp/EOYAmt0756405
IRS990/OtherRevenueMiscGrp/BusinessCd0531120
IRS990/OtherRevenueMiscGrp/Desc0MISCELLANEOUS REVENUE
IRS990/OtherRevenueMiscGrp/ExclusionAmt0595
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt0595
IRS990/OtherRevenueTotalAmt0595
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt039586
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt024263
IRS990/OtherSalariesAndWagesGrp/TotalAmt063849
IRS990/PartialLiquidationInd00
IRS990/PayPremiumsPrsnlBnftCntrctInd00
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03050
IRS990/PayrollTaxesGrp/ProgramServicesAmt01869
IRS990/PayrollTaxesGrp/TotalAmt04919
IRS990/PoliticalCampaignActyInd00
IRS990/PrepaidExpensesDefrdChargesGrp/BOYAmt027312
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt027312
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/RelatedOrExemptFuncIncomeAmt0195071
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1159499
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt21303
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0195071
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1159499
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt21303
IRS990/ProhibitedTaxShelterTransInd00
IRS990/PYBenefitsPaidToMembersAmt00
IRS990/PYContributionsGrantsAmt00
IRS990/PYExcessBenefitTransInd00
IRS990/PYGrantsAndSimilarPaidAmt00
IRS990/PYInvestmentIncomeAmt011555
IRS990/PYOtherExpensesAmt0466874
IRS990/PYOtherRevenueAmt0712
IRS990/PYProgramServiceRevenueAmt0347330
IRS990/PYRevenuesLessExpensesAmt0-201615
IRS990/PYSalariesCompEmpBnftPaidAmt094338
IRS990/PYTotalExpensesAmt0561212
IRS990/PYTotalProfFndrsngExpnsAmt00
IRS990/PYTotalRevenueAmt0359597
IRS990/QuidProQuoContributionsInd00
IRS990/RcvFndsToPayPrsnlBnftCntrctInd00
IRS990/ReconcilationRevenueExpnssAmt0-199026
IRS990/RegularMonitoringEnfrcInd01
IRS990/RelatedEntityInd01
IRS990/RelatedOrganizationCtrlEntInd00
IRS990/ReportInvestmentsOtherSecInd00
IRS990/ReportLandBuildingEquipmentInd01
IRS990/ReportOtherAssetsInd00
IRS990/ReportOtherLiabilitiesInd01
IRS990/ReportProgramRelatedInvstInd00
IRS990/RevenueAmt0355873
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0352325
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0377901
IRS990ScheduleA/AmountsRcvdDsqlfyPersonGrp/TotalAmt00
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearAmt031559
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus1YearAmt011555
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus2YearsAmt015285
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus3YearsAmt020284
IRS990ScheduleA/GrossInvestmentIncome509Grp/CurrentTaxYearMinus4YearsAmt02341
IRS990ScheduleA/GrossInvestmentIncome509Grp/TotalAmt081024
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearAmt0355873
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus1YearAmt0347330
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus2YearsAmt0349366
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus3YearsAmt0366004
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/CurrentTaxYearMinus4YearsAmt0335127
IRS990ScheduleA/GrossReceiptsAdmissionsGrp/TotalAmt01753700
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearAmt031559
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus1YearAmt011555
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus2YearsAmt015285
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus3YearsAmt020284
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/CurrentTaxYearMinus4YearsAmt02341
IRS990ScheduleA/InvestmentIncomeAndUBTIGrp/TotalAmt081024
IRS990ScheduleA/InvestmentIncomeCYPct00.04410
IRS990ScheduleA/InvestmentIncomePYPct00.03290
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearAmt0595
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus1YearAmt0712
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus2YearsAmt0607
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus3YearsAmt0173
IRS990ScheduleA/OtherIncome509Grp/CurrentTaxYearMinus4YearsAmt01878
IRS990ScheduleA/OtherIncome509Grp/TotalAmt03965
IRS990ScheduleA/PubliclySupportedOrg509a2Ind0X
IRS990ScheduleA/PublicSupportCY509Pct00.95380
IRS990ScheduleA/PublicSupportPY509Pct00.96260
IRS990ScheduleA/PublicSupportTotal509Amt01753700
IRS990ScheduleA/SubstAndDsqlfyPrsnsTotGrp/TotalAmt00
IRS990ScheduleA/SubstantialContributorsAmtGrp/TotalAmt00
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY509Ind0X
IRS990ScheduleA/Total509Grp/CurrentTaxYearAmt0355873
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus1YearAmt0347330
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus2YearsAmt0349366
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus3YearsAmt0366004
IRS990ScheduleA/Total509Grp/CurrentTaxYearMinus4YearsAmt0335127
IRS990ScheduleA/Total509Grp/TotalAmt01753700
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearAmt0388027
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus1YearAmt0359597
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus2YearsAmt0365258
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus3YearsAmt0386461
IRS990ScheduleA/TotalSupportCalendarYearGrp/CurrentTaxYearMinus4YearsAmt0339346
IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt01838689
IRS990/ScheduleBRequiredInd00
IRS990ScheduleD/AgentTrusteeEtcInd00
IRS990ScheduleD/BuildingsGrp/BookValueAmt04063763
IRS990ScheduleD/BuildingsGrp/DepreciationAmt02485414
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt06549177
IRS990ScheduleD/ExpensesNotReportedAmt00
IRS990ScheduleD/ExpensesNotRptFinclStmtAmt00
IRS990ScheduleD/ExpensesSubtotalAmt0587053
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd01
IRS990ScheduleD/LandGrp/BookValueAmt020351
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt020351
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt05045
IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt096352
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt0101397
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt0114894
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt1641511
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0LOAN FROM RIDGE OAK, INC.
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1LOAN FROM RIDGE OAK MANAGEMENT, INC.
IRS990ScheduleD/RevenueNotReportedAmt00
IRS990ScheduleD/RevenueNotReportedFinclStmtAmt00
IRS990ScheduleD/RevenueSubtotalAmt0388027
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 2015 AND 2014. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE 2011 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/TotalBookValueLandBuildingsAmt04089159
IRS990ScheduleD/TotalExpensesPerForm990Amt0587053
IRS990ScheduleD/TotalLiabilityAmt0756405
IRS990ScheduleD/TotalRevenuePerForm990Amt0388027
IRS990ScheduleD/TotalRevEtcAuditedFinclStmtAmt0388027
IRS990ScheduleD/TotExpnsEtcAuditedFinclStmtAmt0587053
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

Document Assets

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Filings

Displayed year

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

Open filing
Assets
$4,528,394
Liabilities
$787,919
Net assets
$3,740,475
Revenue
$388,027
Expenses
$587,053
Net income
-$199,026
Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2025XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$2.70$0.81$1.89$0.57$0.72$0.15
2023Facts available. Structured filing facts are available, but richer extracted sections are limited.$2.94$0.76$2.18$0.48$0.68$0.20
2022XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.16$0.78$2.38$0.45$0.63$0.18
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.34$0.78$2.57$0.43$0.63$0.20
2018XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$3.88$0.77$3.11$0.41$0.61$0.20
2017XML pending. An XML filing is linked for this year, but detailed extraction is still pending.$4.18$0.88$3.30$0.42$0.68$0.26
2015Detailed filing. Detailed filing data is available for this year.$4.53$0.79$3.74$0.39$0.59$0.20
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.16$0.83$4.33$0.56
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.35$0.85$4.50$0.54
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.57$0.87$4.70$0.53