2024-11-12T08:39:09-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2023-07-01 222185024 RIDGE OAK INC RIDG 9082210266 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 BONNIE KELLY EXECUTIVE DIRECTOR 9082210266 2024-10-28 1 0 TARA DEL GAVIO P02438051 9739949494 2024-10-28 2023 2024-10-15 13:58:12Z BONNIE KELLY 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 12419665 0 X WWW.RIDGEOAK.ORG X 1976 NJ TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ PRIMARILY FOR LOW INCOME ELDERLY. 9 9 40 10 0 0 265597 249684 6760035 7272614 696116 260068 0 0 7721748 7782366 0 0 0 0 1831838 2057483 0 0 0 3255835 3852555 5087673 5910038 2634075 1872328 32623279 35754080 321976 303059 32301303 35451021 TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ FOR LOW INCOME ELDERLY PERSONS. 0 0 3916904 7272614 PROVISION OF 248 UNITS FOR HOUSING AND RELATED SERVICES FOR THE ELDERLY IN BASKING RIDGE, NJ PURSUANT TO SECTION 8 OF THE US HOUSING ACT OF 1937. RENT SUBSIDY IS PROJECT BASED. 3916904 1 1 0 0 0 0 0 0 1 0 1 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 29 0 1 40 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 0 0 0 NJ X RIDGE OAK INC 9082210266 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 NORMAN GRAFF TREASURER 1.00 3.00 X X 0 0 0 DENISE SZABO TRUSTEE 0.30 0.90 X 0 0 0 BOB TALLAKSEN TRUSTEE 0.30 0.90 X 0 0 0 PAMELA BOWMAN SECRETARY 1.00 3.00 X X 0 0 0 DEBORAH KNAPP TRUSTEE 0.30 0.90 X 0 0 0 SUSAN PAPE TRUSTEE 0.30 0.90 X 0 0 0 VINCENT BAKER PRESIDENT 1.00 3.00 X X 0 0 0 TRACIE MALLEO VICE PRESIDENT 1.00 3.00 X X 0 0 0 BRUCE MCARTHUR TRUSTEE 0.30 0.90 X 0 0 0 BONNIE KELLY EXECUTIVE DIRECTOR 10.00 30.00 X 0 187227 62684 0 187227 62684 0 0 1 0 VORHEES & CRANE PAINTING 35 BUTTERNUT ROAD HELLERTOWN PA 18055 CAPITAL IMPROVEMENTS 165930 1 206104 43580 249684 RENT - ASSISTANCE 531120 5832293 5832293 RENT - TENANTS 531110 1408259 1408259 TENANT SERVICES 812900 18647 18647 LAUNDRY REVENUE 812300 13415 13415 7272614 612490 612490 4284877 4637299 -352422 -352422 -352422 7782366 7272614 0 260068 1517230 853245 663985 446207 267724 178483 94046 56428 37618 248604 248604 12668 12668 22524 22524 33025 33025 9771 9771 8783 8783 131163 131163 173025 173025 270217 270217 37743 37743 1104411 1104411 284428 284428 REAL ESTATE TAXES 450664 450664 MAINTENANCE CONTRACTS 440637 440637 MISCELLANEOUS ADMINISTR 395941 395941 MAINTENANCE AND REPAIRS 189150 189150 39801 39801 5910038 3916904 1993134 0 184394 287437 678149 611489 90828 85653 1347572 1361957 298536 352745 36254741 22268547 13030615 13986194 16869263 18941777 123922 126828 32623279 35754080 198054 176231 123922 126828 321976 303059 X 32301303 35451021 32301303 35451021 32623279 35754080 1872328 1277390 0 X X 0 1 X 1 1 1 X 125747 187537 184238 265597 249684 1012803 5830999 5991385 6157974 6760035 7272614 32013007 5956746 6178922 6342212 7025632 7522298 33025810 0 0 0 33025810 277497 247001 353290 514552 612490 2004830 277497 247001 353290 514552 612490 2004830 6234243 6425923 6695502 7540184 8134788 35030640 0.94280 0.95040 0.05720 0.04960 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 1 X 410517 410517 27778693 18356523 9422170 5685281 2521332 3163949 2380250 1390692 989558 13986194 X 9059756 1277390 1277390 7782366 0 7782366 5910038 0 5910038 0 5910038 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 2024 AND 2023. AT JUNE 30, 2024 AND 2023, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. X X 0 0 0 0 0 0 0 0 0 BONNIE KELLY EXECUTIVE DIRECTOR 0 187227 0 0 0 0 0 37925 0 24759 0 249911 0 0 PART I, LINE 3 THE 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. 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 DOCUMENTS THAT ARE SUBJECT TO THE REQUIREMENTS OF IRC SECTION 6104(D) WILL BE MADE AVAILABLE TO MEMBERS OF THE PUBLIC UPON REQUEST. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. RIDGE OAK MANAGEMENT INC 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 222177245 TO PROVIDE MANAGEMENT, DEVELOPMENT AND SUPERVISORY SERVICES TO BENEFICIARY. NJ 501(C)3 11C 0 RIDGE OAK II INC 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 300407213 TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ. NJ 501(C)3 9 0 RIDGE OAK III INC 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 273501015 TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ. NJ 501(C)3 9 0 0 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 1 0 0