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Ridge Oak Iii Inc

Learn about this cause: Is it Legit? Do I like the mission? What is the CEO's salary?

EIN: 273501015 ✦ Basking ridge, NJ ✦ Designated as a 501(c)(3)

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Overview

What is Ridge Oak Iii Inc?

Ridge Oak III Inc is a nonprofit organization situated in Basking Ridge, New Jersey, known for providing housing and related services for the elderly community. The organization operates under Section 202 of the U.S. Housing Act of 1959, with a mission to operate a residential rental housing project specifically designed for low-income elderly individuals in the area. They aim to offer a safe and comfortable living environment for the elderly, providing them with the necessary support and resources to enhance their quality of life.


Official website here: www.ridgeoak.org

Is Ridge Oak Iii Inc legitimate?

Ridge Oak Iii Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Ridge Oak Iii Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.


Heare are some key statistics you may want to consider:

Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $61,323

For more financial information, click here


Official website here: www.ridgeoak.org

What is the mission statement of Ridge Oak Iii Inc?

Ridge Oak III Inc's mission is centered around operating a residential rental housing project, specifically for low-income elderly individuals. Their primary objective is to provide a living space and related services for this demographic. This endeavor aligns with Section 202 of the US Housing Act of 1959, as amended. The organization aims to contribute to the well-being of these elderly individuals, providing them with a stable living environment in Basking Ridge, New Jersey.


Official website here: www.ridgeoak.org

Who is the CEO of Ridge Oak Iii Inc?

Bonnie Kelly is the Secretary of Ridge Oak Iii Inc.


Official website here: www.ridgeoak.org

What is the revenue of Ridge Oak Iii Inc?

Ridge Oak Iii Inc's revenue in 2023 was $270,434.


Official website here: www.ridgeoak.org

Who are the executives of Ridge Oak Iii Inc and what are their salaries?


Here are 10 key members and their salaries:


Susan M Gannon (Secretary)
  • Compensation: $0
  • Related: $0
  • Other: $0
Russell E Archer Jr (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Norman Graff (Treasurer)
  • Compensation: $0
  • Related: $0
  • Other: $0
Tracie Malleo (Vice President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Susan Pape (President)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bob Tallaksen (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Suzanne Baker (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Pamela Bowman (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bruce Mcarthur (Trustee)
  • Compensation: $0
  • Related: $0
  • Other: $0
Bonnie Kelly (Executive Director)
  • Compensation: $0
  • Related: $180,233
  • Other: $60,113


Official website here: www.ridgeoak.org

Where can I find the form 990 for Ridge Oak Iii Inc?

Ridge Oak Iii Inc's most recent form 990 was submitted in 2023 and can be accessed here.


Official website here: www.ridgeoak.org

Learn more at the official website: www.ridgeoak.org

Mission Statement of Ridge Oak Iii Inc

Ridge Oak III Inc is committed to operating a residential rental housing project, catering specifically to low-income elderly individuals. Their mission is to provide a safe and comfortable living environment for this demographic, ensuring they have access to necessary housing and related services. This mission is in line with Section 202 of the US Housing Act of 1959, which the organization adheres to, aiming to improve the living conditions for the elderly in the community.

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Impact




October, 2024

Ridge Oak III Inc plays a crucial role in enhancing the quality of life for low-income elderly individuals in Basking Ridge, NJ. By providing 20 residential rental units specifically designed for seniors, the organization addresses a significant need for affordable housing in the community. This initiative not only ensures that elderly residents have a safe and stable living environment but also contributes to their overall well-being by offering related services tailored to their needs. The operation aligns with the Section 202 of the US Housing Act of 1959, which aims to support the housing needs of older adults, thereby fostering independence and dignity among residents. Ultimately, Ridge Oak III Inc significantly impacts the local community by creating a caring and supportive environment for its elderly population.




This information is meant to be a general summary of Ridge Oak Iii Inc. Please take the time to review official sources before making any decisions based upon the content provided here.


Financials

This financial information is from Propublica.

Revenue
$270,434 (2023)
Expenses
$372,138 (2023)
Efficiency

Other financial information:

This information is from the most recently submitted tax form from this organization, which was in 2023.

  • Investment Income: $2,123
  • Program Service Revenue: $268,311
  • Gross Receipts: $270,434

Assets and Liabilities:

  • Total Assets: $3,601,879
  • Total Liabilities: $85,575
  • Net Assets: $3,516,304

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Programs

Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.

TENANT ASSISTANCE PAYM

Revenue

$197,900

RENT - TENANT

Revenue

$69,671

LAUNDRY REVENUE

Revenue

$740

Organization Details

Founding Year

2010

Principal Officer

Bonnie Kelly

Main Address

150 MANCHESTER DRIVE, BASKING RIDGE, NJ, 07920

NTEE Category

Code: L22 - Housing

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