2012-03-27T16:20:10-05:00 2011-06-30 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2010-07-01 222185024 RIDGE OAK INC RIDG 9082210266 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 BONNIE KELLY 9082210266 2012-03-27 1 RON MATAN 9739949494 2012-03-27 2010 2016-02-24 21:20:13Z FALKON S DAVIS 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 6252628 0 X WWW.RIDGEOAK.ORG X 1976 NJ TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ PRIMARILY FOR ELDERLY AND HANDICAPPED PERSONS OF LOW AND MODERATE INCOME. 9 9 36 14 0 0 18536 0 3373956 3543403 293409 399378 -19776 0 3666125 3942781 0 0 0 0 898282 891534 0 0 0 2113960 2155487 3012242 3047021 653883 895760 15402853 16118163 300081 268156 15102772 15850007 TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ PRIMARILY FOR ELDERLY AND HANDICAPPED PERSONS OF LOW AND MODERATE INCOME. 0 0 2563162 3543403 PROVISION OF 247 UNITS FOR HOUSING AND RELATED SERVICES FOR THE ELDERLY IN BASKING RIDGE, NJ PURSUANT TO SECTION 8 OF THE US HOUSING ACT OF 1937 AS AMENDED. IN CONJUNCTION, THE ORGANIZATION ALSO OPERATES A CONGREGATE HOUSING SERVICES PROGRAM WHICH PROVIDES MEALS, HOUSEKEEPING AND PERSONAL CARE SERVICES TO ITS PARTICIPANTS. 2563162 1 0 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 0 1 15 0 1 36 1 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 1 0 0 NJ X RIDGE OAK INC 9082210266 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 TERRY D MONTGOMERY 1.00 X 0 0 0 FALKON DAVIS 1.00 X X 0 0 0 PATRICIA GIAMMARINARO 1.00 X X 0 0 0 RON BAILEY 1.00 X X 0 0 0 RUSSEL C ARCHER JR 1.00 X X 0 0 0 JOHN WOJNAR 1.00 X 0 0 0 FRANCIS B HENRY 1.00 X 0 0 0 ROBERT B BOYE 1.00 X 0 0 0 CLAIRE O'BRIEN 1.00 X 0 0 0 BONNIE KELLY 40.00 X 0 139649 16482 0 139649 16482 0 0 1 0 NATIONAL CONTRACTORS INC PO BOX 5878 TRENTON NJ 08638 CONSTRUCTION 433809 BERNARDS TOWNSHIP ONE COLLYER LANE BASKING RIDGE NJ 07920 MUNICIPALITY 229318 WOODRUFF ENERGY US LLC 73 WATER STREET PO BOX 777 BRIDGETON NJ 083020499 POWER 160300 LEWIS CHESTER ASSOCIATES 119 SUMMIT AVENUE SUMMIT NJ 079012898 INSURANCE 126352 HORIZON BLUE CROSS BLUE SHIELD PO BOX 1738 NEWARK NJ 071011738 INSURANCE 121377 5 RENT - ASSISTANCE 531120 2292302 2292302 RENT - TENANTS 531110 1169936 1169936 CONGREGATE HOUSING SER 531110 47781 47781 TENANT SERVICES 812300 33384 33384 3543403 358683 358683 2350542 2309847 40695 40695 40695 3942781 3543403 0 399378 661752 437614 224138 180162 113502 66660 49620 31261 18359 156381 156381 1054 1054 64376 64376 2875 2875 23171 23171 345181 345181 12152 12152 772355 772355 94535 94535 REAL ESTATE TAXES 217429 217429 MAINTENANCE AND REPAIRS 184994 184994 MAINTENANCE CONTRACTS 154639 154639 MISCELLANEOUS ADMINISTR 61617 61617 HOUSING PROJECT FUND EX 28668 28668 36060 14451 21609 3047021 2563162 483859 0 495546 58416 204370 1722736 64396 48093 1293583 1291962 276 21071967 12172825 9052177 8899142 4169369 3972244 123412 125294 15402853 16118163 158531 150089 23747 117803 118067 300081 268156 X 15102772 15850007 15102772 15850007 15402853 16118163 X 895760 -148525 X X 0 1 1 X 1 1 X 1928291 1962775 2063245 18536 19472 5992319 1085795 1128810 1157047 3373956 3523931 10269539 3014086 3091585 3220292 3392492 3543403 16261858 0 0 0 16261858 200971 220974 255613 293409 358683 1329650 200971 220974 255613 293409 358683 1329650 3215057 3312559 3475905 3685901 3902086 17591508 0.92440 0.93800 0.07560 0.06200 X 0 1 410517 410517 17194925 9950503 7244422 3204488 1985238 1219250 262037 237084 24953 8899142 3942781 3047021 895760 -146107 -2418 -148525 747235 3796675 -146106 -146106 3942781 0 3942781 3426649 379628 379628 3047021 0 3047021 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. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: THE ORGANIZATION FOLLOWS ACCOUNTING 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. TAX RETURNS FOR CERTAIN YEARS ARE SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS. AT JUNE 30, 2011, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES THAT ARE EXPECTED TO HAVE A MATERIAL IMPACT ON THE ORGANIZATION'S 2011 FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CHANGE IN CARE FUND NOT REPORTED ON 990 OR AUDITED FINANCIAL STATEMENTS -2,418. PART XIII, LINE 2D - OTHER ADJUSTMENTS: FUNDING OF REPAIR & REPLACEMENT RESERVE CHARGED TO OPERATIONS ON F/S 379,628. X X 0 0 0 0 0 0 0 0 0 BONNIE KELLY 0 139649 0 0 0 0 0 0 0 16482 0 156131 0 0 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 AND 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 BY THE BOARD 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 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, FORM 990 AND FINANCIAL STATEMENTS ARE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -146,107. CHANGE IN CARE FUND NOT REPORTED ON 990 OR AUDITED FINANCIAL STATEMENTS -2,418. TOTAL TO FORM 990, PART XI, LINE 5: -148,525. FORM 990 PART XI, LINE 2C THE PROCESS HAS NOT CHANGED FROM PRIOR YEAR. RIDGE OAK MANAGEMENT INC 150 MANCHESTER DRIVE BASKING RIDGE NJ 07920 222177245 TO PROVIDE MANAGEMENT, DEVELOPMENT AND SUPERIVSORY 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 0 0 0 0 0 0 RIDGE OAK MANAGEMENT INC D 793624 COST RIDGE OAK II INC D 96357 COST