2024-11-12T08:39:56-06:00 2024-06-30 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2023-07-01 222177245 RIDGE OAK MANAGEMENT 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 622731 0 X WWW.RIDGEOAK.ORG X 2000 NJ TO PROVIDE MANAGEMENT, DEVELOPMENT AND SUPERVISORY SERVICES TO BENEFICIARY PUBLIC CHARITIES THAT PROVIDE LOW INCOME HOUSING TO THE ELDERLY. 9 9 1 0 0 0 0 0 265536 293244 43537 19678 -11297 60256 297776 373178 0 0 0 0 245810 249665 0 0 0 133965 38682 379775 288347 -81999 84831 2236060 2425605 1211661 1212756 1024399 1212849 TO PROVIDE MANAGEMENT, DEVELOPMENT AND SUPERVISORY SERVICES TO BENEFICIARY PUBLIC CHARITIES THAT PROVIDE LOW INCOME HOUSING TO THE ELDERLY. 0 0 204198 293244 MANAGEMENT SERVICES PROVIDED TO RIDGE OAK, INC., RIDGE OAK II, INC., AND RIDGE OAK III, INC., LOW INCOME SENIOR CITIZEN HOUSING PROJECTS LOCATED IN BASKING RIDGE, NJ AND SERVICING APPROXIMATELY 340 INDIVIDUALS. 204198 1 0 0 0 0 0 0 0 0 0 1 0 0 1 1 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 4 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 0 0 NJ X BONNIE KELLY DIRECTOR 9082210266 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 VINCENT BAKER PRESIDENT 1.00 3.00 X X 0 0 0 PAMELA BOWMAN SECRETARY 1.00 3.00 X X 0 0 0 NORMAN GRAFF TREASURER 1.00 3.00 X X 0 0 0 BOB TALLAKSEN TRUSTEE 0.30 0.90 X 0 0 0 DENISE SZABO TRUSTEE 0.30 0.90 X 0 0 0 SUSAN PAPE TRUSTEE 0.30 0.90 X 0 0 0 DEBORAH KNAPP TRUSTEE 0.30 0.90 X 0 0 0 BRUCE MCARTHUR TRUSTEE 0.30 0.90 X 0 0 0 TRACIE MALLEO VICE PRESIDENT 1.00 3.00 X X 0 0 0 BONNIE KELLY EXECUTIVE DIRECTOR 10.00 30.00 X 187227 0 62684 187227 0 62684 1 0 1 0 0 MANAGEMENT FEE INCOME 531110 293244 293244 293244 31156 31156 18000 46915 -28915 -28915 -28915 191160 202638 -11478 -11478 -11478 MISCELLANEOUS INCOME 531110 89171 89171 89171 373178 293244 0 79934 235577 188463 47114 14088 11270 2818 8256 8256 5581 4465 1116 16246 16246 MISC 8599 8599 288347 204198 84149 0 65391 147888 38629 12124 3971 4348 892560 190660 718146 701900 780396 929818 629527 629527 2236060 2425605 16056 17151 1195605 1195605 1211661 1212756 X 1024399 1212849 1024399 1212849 2236060 2425605 84831 103619 0 X X 0 1 X 1 0 X X 3 RIDGE OAK II INC 300407213 10 1 0 0 RIDGE OAK INC 222185024 10 1 0 0 RIDGE OAK III INC 273501015 10 1 0 0 3 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 X X 1 1 1 1 PART IV, SECTION D, LINE 3: ORGANIZATION SHARES A COMMON BOARD OF TRUSTEES WITH THE SUPPORTED ORGANIZATION. PART IV, SECTION E, LINE 2A: THE ORGANIZATION PROVIDES MANAGEMENT SERVICES TO DEVELOP AND MANAGE LOW-INCOME, SENIOR CITIZEN HOUSING PROJECT DEVELOPMENTS IN BASKING RIDGE, NJ. THESE HOUSING PROJECTS ARE OWNED BY THE SUPPORTED ORGANIZATIONS - RIDGE OAK, INC., RIDGE OAK II, INC., AND RIDGE OAK III, INC. PART IV, SECTION E, LINE 2B: THE ORGANIZATION'S SUPPORTED ORGANIZATIONS' PURPOSES ARE TO MANAGE AND OPERATE THE SENIOR CITIZEN HOUSING DEVELOPMENT PROJECTS AND IF THE ORGANIZATION DIDN'T PROVIDE THESE SERVICES, THE SUPPORTED ORGANIZATION WOULD HAVE TO MANAGE THE HOUSING PROJECTS THEMSELVES TO FURTHER THEIR TAX-EXEMPT PURPOSE. PART IV, SECTION E, LINE 3A: THE ORGANIZATION SHARES COMMON BOARD OF TRUSTEES WITH THE SUPPORTED ORGANIZATIONS. PART IV, SECTION E, LINE 3B: THE ORGANIZATION SHARES COMMON BOARD OF TRUSTEES WITH THE SUPPORTED ORGANIZATIONS. 409757 409757 480159 188203 291956 2644 2457 187 701900 DUE FROM RIDGE OAK II, INC. 593879 DUE FROM RIDGE OAK III, INC. 35648 629527 DUE TO RIDGE OAK, INC. 1195605 1195605 X 523712 103619 46915 150534 373178 0 373178 335262 46915 46915 288347 0 288347 PART X, LINE 2: THE ORGANIZATION IS EXEMPT FROM FEDERAL AND STATE INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 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 FINANCIAL STATEMENTS 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 46,915. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 46,915. X X 0 0 0 0 0 0 0 0 0 BONNIE KELLY EXECUTIVE DIRECTOR 187227 0 0 0 0 0 0 37925 0 24759 187227 62684 0 0 PART I, LINE 3 THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS BOTH THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPARABLE SALARIES BEFORE MAKING COMPENSATION DECISIONS. 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 B, LINE 15A THE ORGANIZATION HAS A COMPENSATION COMMITTEE THAT REVIEWS BOTH THE EXECUTIVE DIRECTOR'S PERFORMANCE AND COMPARABLE SALARIES BEFORE MAKING COMPENSATION DECISIONS. 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 INC 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 222185024 TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ. NJ 501(C)3 9 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 1 0 0 0 0 0 0 1 0 0 0 0 1 0 0