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RIDGE OAK MANAGEMENT INC

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Public nonprofit record

RIDGE OAK MANAGEMENT INC

EIN 22-2177245 · Senior Citizens Housing & Retirement Communities (L22)

What they do

to PROVIDE MANAGEMENT, DEVELOPMENT and SUPERVISORY SERVICES to BENEFICIARY PUBLIC CHARITIES THAT PROVIDE LOW INCOME HOUSING to THE ELDERLY.

Money

Financial picture

Tax year 2024

A plain-language look at the latest Form 990 figures available. These numbers help you ask better questions; they do not, by themselves, rate whether a charity is good or bad.

Money in and money out

Revenue$342,077
Expenses$314,168
Annual surplus $27,909 Revenue was higher than expenses for this filing year.

Selected spending reported on the 990

Each amount is compared with total expenses separately. These categories can overlap, so they should not be added together as a pie chart.

Management and general$93,354 · 29.7% of expenses
Reported executive compensation (total)$213,856 · 68.1% of expenses
Revenue$342,077
Expenses$314,168
Assets$2,505,896
Income$582,607
Management and general$93,354
Executive compensation (total)$213,856
Stocks and bonds$1,026,931
Accounting fees$8,556
People

Leadership and board

Tax year 2024

Names, titles, time, and compensation below are reported by the organization on its Form 990.

People reported as paid

Person and titleCompensation
BONNIE KELLYEXECUTIVE DIRECTOR · 10 hrs/week $255,355Base $193,692 · Other $61,663
MICHAEL PALANCHIDIRECTOR OF FACILITIES · 10 hrs/week $44,660Base · Other $44,660
COREY HOVANECDIRECTOR OF OPERATIONS · 10 hrs/week $34,367Base · Other $34,367
PATRICIA GOULDENDIRECTOR OF FINANCE · 10 hrs/week $12,053Base · Other $12,053
SUSAN COHNDIRECTOR OF ADMINISTRATION & HOUSING · 10 hrs/week $12,004Base · Other $12,004

Compensation alone does not tell whether pay is reasonable. Consider the charity’s size, work, location, and results.

See everyone listed on the board or leadership roster (14)

BONNIE KELLYEXECUTIVE DIRECTOR

MICHAEL PALANCHIDIRECTOR OF FACILITIES

COREY HOVANECDIRECTOR OF OPERATIONS

PATRICIA GOULDENDIRECTOR OF FINANCE

SUSAN COHNDIRECTOR OF ADMINISTRATION & HOUSING

BOB TALLAKSENTRUSTEE

BRUCE MCARTHURTRUSTEE

DEBORAH KNAPPTRUSTEE

DENISE SZABOTRUSTEE

NORMAN GRAFFTREASURER

PAMELA BOWMANSECRETARY

SUSAN PAPETRUSTEE

TRACIE MALLEOVICE PRESIDENT

VINCENT BAKERPRESIDENT

About this charity

Recognized since
January 2001
Location
150 MANCHESTER DRIVE, BASKING RIDGE, NJ 07920
County
Somerset
In care of
BONNIE KELLY
Primary officer
BONNIE KELLY, EXECUTIVE DIRECTOR

How to reach them

Filing and classification

Latest tax year
2024
Tax period began
July 1, 2024
Return type
990
Tax preparer
CLIFTONLARSONALLEN LLP
NTEE classification
Senior Citizens Housing & Retirement Communities (L22)
IRS tax category
Senior Citizens Housing & Retirement Communities

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About this report: Information comes from public nonprofit records and may show the latest filing available.

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