2025-11-05T13:13:45-06:00 2025-06-30 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2024-07-01 273501015 RIDGE OAK III INC RIDG 9082210266 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 BONNIE KELLY EXECUTIVE DIRECTOR 9082210266 2025-11-04 1 1 TARA DEL GAVIO P02438051 9739949494 2025-11-04 2024 2025-03-06 01:10:19Z BONNIE KELLY 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 331830 0 X WWW.RIDGEOAK.ORG X 2010 NJ TO OPERATE A RESIDENTIAL RENTAL HOUSING PROJECT IN BASKING RIDGE, NJ FOR LOW INCOME ELDERLY PERSONS. 9 9 0 0 0 0 0 0 306229 323880 4196 7950 0 0 310425 331830 0 0 0 0 87936 91152 0 0 0 288202 308371 376138 399523 -65713 -67693 3543526 3481222 92935 98324 3450591 3382898 TO OPERATE A RESIDENTIAL RENTAL HOUSING PROJECT IN BASKING RIDGE, NJ FOR LOW INCOME ELDERLY PERSONS. 0 0 321739 323880 PROVISION OF 20 UNITS FOR HOUSING AND RELATED SERVICES FOR THE ELDERLY IN BASKING RIDGE, NJ PURSUANT TO SECTION 202 OF THE US HOUSING ACT OF 1959 AS AMENDED. 321739 1 0 0 0 0 0 0 0 1 0 1 0 0 0 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 2 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 X 9 9 0 1 0 0 0 0 0 1 0 0 0 1 1 1 1 1 1 0 0 0 NJ X RIDGE OAK III INC 9082210266 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 BOB TALLAKSEN TRUSTEE 0.30 0.90 X 0 0 0 BRUCE MCARTHUR TRUSTEE 0.30 0.90 X 0 0 0 NORMAN GRAFF TREASURER 1.00 3.00 X X 0 0 0 PAMELA BOWMAN SECRETARY 1.00 3.00 X X 0 0 0 SUSAN PAPE TRUSTEE 0.30 0.90 X 0 0 0 DENISE SZABO TRUSTEE 0.30 0.90 X 0 0 0 VINCENT BAKER PRESIDENT 1.00 3.00 X X 0 0 0 DEBORAH KNAPP 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 0 193692 61663 COREY HOVANEC DIRECTOR OF OPERATIONS 10.00 30.00 X 0 106777 34367 SUSAN COHN DIRECTOR OF ADMINISTRATION & HOUSING 10.00 30.00 X 0 116116 12004 MICHAEL PALANCHI DIRECTOR OF FACILITIES 10.00 30.00 X 0 105683 44660 PATRICIA GOULDEN DIRECTOR OF FINANCE 10.00 30.00 X 0 104124 12053 0 626392 164747 0 0 1 0 0 TENANT ASSISTANCE PAYM 531110 235827 235827 RENT - TENANT 531110 86683 86683 LAUNDRY REVENUE 531110 1370 1370 323880 7950 7950 331830 323880 0 7950 64188 30372 33816 21948 21948 5016 5016 14400 14400 11856 11856 7373 7373 30929 30929 1000 1000 118701 118701 41844 41844 CONTRACTS 42694 42694 REAL ESTATE TAXES 16594 16594 MISCELLANEOUS ADMINISTR 9339 9339 SNOW REMOVAL 6805 6805 6836 6836 399523 321739 77784 0 18196 20061 1392 3412 39661 46477 4660893 1480725 3298869 3180168 185408 231104 3543526 3481222 11850 13884 7451 7852 73634 76588 92935 98324 X 3450591 3382898 3450591 3382898 3543526 3481222 -67693 0 X X 0 1 X 1 1 1 X 252124 250076 268311 306229 323880 1400620 252124 250076 268311 306229 323880 1400620 0 0 0 1400620 173 519 2123 4196 7950 14961 173 519 2123 4196 7950 14961 2975 2975 252297 253570 270434 310425 331830 1418556 0.98740 0.98840 0.01050 0.00930 X 0 1 X 1 1 4581116 1431071 3150045 79776 49654 30122 3180168 TENANT DEPOSITS HELD IN TRUST 7852 REPLACEMENT RESERVE 218251 RESIDUAL RECEIPTS RESERVE 5001 231104 LOAN FROM RIDGE OAK MANAGEMENT, INC. 29302 LOAN FROM RIDGE OAK,INC. 47286 76588 X 331830 0 331830 0 331830 399523 0 399523 0 399523 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 2025 AND 2024. AT JUNE 30, 2025, AND 2024 THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. X X 0 0 0 0 0 0 0 0 0 BONNIE KELLY EXECUTIVE DIRECTOR 0 193692 0 0 0 0 0 39247 0 22416 0 255355 0 0 MICHAEL PALANCHI DIRECTOR OF FACILITIES 0 105683 0 0 0 0 0 11077 0 33583 0 150343 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 III, INC. RIDGE OAK MANAGEMENT PROVIDES MANAGMENT SERVICES RELATED TO THE PROGRAM SERVICE OF LOW INCOME SENIOR HOUSING. FORM 990, PART VI, SECTION A, LINE 8B THERE ARE NO SUCH COMMITTEES WITH AUTHORITY TO ACT ON BEHALF OF THE GOVERNING BODY. 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 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 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 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 0 0 0 0 1 0 0 0 0 0 0 1 0 1 0 1 0 0 0