To operate a residential housing project in basking Ridge, NJ primarily for low income elderly.

501(c)(3) charity; gifts are tax-deductible.
75¢ of each $1 spent went to programs.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX

Before you give

FY2021 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
5 of 5
filings with a surplus
Average surplus $2.6M a year · 33% of revenue · last 5 filings
Looks good: a surplus in 5 of the last 5 filings.
Pt I · Ln 19 · 5 filings
Spent on programs
75%
of spending
Fine: 75% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
2 mo
of spending, in cash
Fine: 1.8 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $18K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$265K
0.9% of total assets
Looks good: liabilities are 1% of assets; 50% or less.
Pt X · Ln 26
Independent board members
9
of 9 voting members
Looks good: 9 of 9 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$6.6M
Spent
$4.4M
To programs
75%
Net assets
$29.5M
By yearFY2021–FY2025
Revenue
$6.6M
FY2021
Tap a bar for its year
Revenue by fiscal year
FY2021$6.6M
FY2022$7.5M
FY2023$7.7M
FY2024$7.8M
FY2025$9.7M
Expenses
$4.4M
FY2021
Tap a bar for its year
Expenses by fiscal year
FY2021$4.4M
FY2022$4.7M
FY2023$5.1M
FY2024$5.9M
FY2025$6.5M
Net assets
$29.5M
FY2021
Tap a bar for its year
Net assets by fiscal year
FY2021$29.5M
FY2022$29.3M
FY2023$32.3M
FY2024$35.5M
FY2025$38.7M

From the FY2021 Form 990 (year ending June 2021) · figures checked against the IRS filing · see the original

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You’re viewing the FY2021 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jul 1978.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

75 cents of each dollar spent went to programs.

Program services 75% · $3.3M Management & general 25% · $1.1M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990.

Part VII, Section A · reportable compensation · most recent filed roster (FY2020); the FY2021 filing did not itemize Part VII
$0Pt VII · Sec A
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Vice President
$0Pt VII · Sec A

Susan Cohn’s $116K as Director of Administration & Housing is at the 49th percentile of top reported officer pay among 2036 $1–10M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

See Ridge Oak INC executive salaries →

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aNo

Programs and updates

Provides housing for low-income seniors in Basking Ridge, NJ.

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Provided by the organization

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1 program · $3.3M · in their own filed words · FY2020
01

Provision of 248 units for housing and related services for the elderly in basking ridge, NJ pursuant to section 8 of the us housing act of 1937. Rent subsidy is project based.

$3.3Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2022
Total grants receivedfrom 1 funder$18K

By the numbers

The FY2021 990, line by line.

1The main four
Money inPt VIII
$6.6M
Ln 12
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$470K
Gifts and grantsLn 1h$188K
Money outPt IX
$4.4M
Ln 25
Programscol B$3.3M
Managementcol C$1.1M
Owns and owesPt X
$29.5M
net assets · Ln 32
Cash and savingsLn 1–2$645K
Total assetsLn 16$29.7M
LiabilitiesLn 26$265K
PeoplePt VI, VII
10
listed · VII A
PaidVII A0
Voting boardVI 1a9
IndependentVI 1b9
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$188K
Government grantsLn 1e$143K
Fees for servicesLn 2g$6.0M
Investment incomeLn 3$470K
Gains on assetsLn 7$223K
Total revenueLn 12$6.6M
Assets in detailPt X, end of year
CashLn 1$183K
SavingsLn 2$462K
Cash and savings togetherLn 1–2$645K
InvestmentsLn 11–13$15.4M
Land, buildings, equipmentLn 10c$11.9M
Other assetsLn 15$122K
Total assetsLn 16$29.7M
LiabilitiesLn 26$265K
Net assetsLn 32$29.5M
OperationsPt I, VI
EmployeesI 534
VolunteersI 610
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY21End FY21
Cash and savingsLn 1–2$943K$645K
InvestmentsLn 11–13$12.3M$15.4M
Land, buildings, equipmentLn 10c$10.8M$11.9M
Total assetsLn 16$25.7M$29.7M
LiabilitiesLn 26$257K$265K
Net assetsLn 32$25.5M$29.5M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Other salaries and wagesLn 7$1.2M$772K$386K
Other employee benefitsLn 9$295K$177K$118K
Payroll taxesLn 10$67K$40K$27K
Management feesLn 11a$208K$208K
Accounting feesLn 11c$26K$26K
Investment management feesLn 11f$29K$29K
Other fees for servicesLn 11g$42K$42K
Advertising and promotionLn 12$14K$14K
Office expensesLn 13$98K$98K
Information technologyLn 14$15K$15K
OccupancyLn 16$263K$263K
TravelLn 17$12K$12K
Depreciation, depletion and amortizationLn 22$942K$942K
InsuranceLn 23$171K$171K
Other expenses (24a–d)Ln 24$996K$905K$91K
All other expensesLn 24e$29K$29K
Total functional expensesLn 25$4.4M$3.3M$1.1M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $9.7M$6.5M$3.2M$38.7M 990 PDF
FY2024 $7.8M$5.9M$1.9M$35.5M 990 PDF
FY2023 $7.7M$5.1M$2.6M$32.3M 990 PDF
FY2022 $7.5M$4.7M$2.8M$29.3M 990 PDF
FY2021 Viewing $6.6M$4.4M$2.3M$29.5M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2021 990 (6 parts)
Part I · Summary $6,648,851 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $125,747$187,537
I-9 Program service revenuePrior year $5,830,999$5,991,385
I-10 Investment incomePrior year $478,938$469,929
I-11 Other revenuePrior year −$1,394$0
I-12 Total revenuePrior year $6,434,290$6,648,851
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $1,375,053$1,519,918
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $2,841,563$2,844,258
I-18 Total expensesPrior year $4,216,616$4,364,176
I-19 Revenue less expensesPrior year $2,217,674$2,284,675
Part VI · Governance 9 of 9 board members independent, 1 to look at
VI-1a Voting members of the governing body9
VI-1b Independent voting members9
VI-15a Process for setting top official's payNo
VI-2 Family or business relationship among officers or directorsNo
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
Part VIII · Statement of revenue $6,648,851 across 8 lines filed
VIII-1e Government grants$142,555
VIII-1f All other contributions, gifts and grants$44,982
VIII-1h Total contributions, gifts and grants$187,537
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $5,991,385$5,991,385
VIII-3 Investment incomeExcluded from tax $247,001$247,001
VIII-7 Net gain or loss on sales of assetsExcluded from tax $222,928$222,928
VIII-8 Net income from fundraising events$0
VIII-12 Total revenueRelated to mission $5,991,385 · Unrelated business $0 · Excluded from tax $469,929$6,648,851
Part IX · Statement of functional expenses $4,364,176 across 16 lines filed
IX-7 Other salaries and wagesPrograms $772,034 · Management $385,985$1,158,019
IX-9 Other employee benefitsPrograms $176,818 · Management $117,879$294,697
IX-10 Payroll taxesPrograms $40,321 · Management $26,881$67,202
IX-11a Management feesManagement $208,422$208,422
IX-11c Accounting feesManagement $26,440$26,440
IX-11f Investment management feesManagement $28,896$28,896
IX-11g Other fees for servicesManagement $41,984$41,984
IX-12 Advertising and promotionManagement $14,336$14,336
IX-13 Office expensesManagement $97,541$97,541
IX-14 Information technologyManagement $14,545$14,545
IX-16 OccupancyPrograms $262,716$262,716
IX-17 TravelManagement $11,977$11,977
IX-22 Depreciation, depletion and amortizationPrograms $942,378$942,378
IX-23 InsurancePrograms $170,547$170,547
IX-24 Other expenses (24a–d)Programs $905,152 · Management $90,818$995,970
IX-24e All other expensesManagement $28,506$28,506
IX-25 Total functional expensesPrograms $3,269,966 · Management $1,094,210 · Fundraising $0$4,364,176
Part X · Balance sheet $29,738,000 assets, 13 lines filed
Asset lines not itemized here account for $1,338,655; see the IRS return.
X-1 Cash, non-interest-bearingStart of year $646,284$182,923
X-2 Savings and temporary cash investmentsStart of year $296,383$462,072
X-4 Accounts receivableStart of year $33,112$35,466
X-9 Prepaid expenses and deferred chargesStart of year $180,356$230,399
X-10c Land, buildings and equipment, netStart of year $10,801,724$11,941,350
X-11 Publicly traded securitiesStart of year $12,303,061$15,425,268
X-15 Other assetsStart of year $120,346$121,867
X-16 Total assetsStart of year $25,711,594$29,738,000
X-17 Accounts payable and accrued expensesStart of year $136,759$143,480
X-26 Total liabilitiesStart of year $257,105$265,347
X-27 Net assets without donor restrictionsStart of year $25,454,489$29,472,653
X-32 Total net assets or fund balancesStart of year $25,454,489$29,472,653
X-33 Total liabilities and net assetsStart of year $25,711,594$29,738,000
Part XI · Reconciliation of net assets $29,472,653 net assets at year end
XI-1 Total revenue$6,648,851
XI-2 Total expenses$4,364,176
XI-3 Revenue less expenses$2,284,675
XI-4 Net assets at start of year$25,454,489
XI-5 Net unrealized gains (losses) on investments$1,733,489
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$29,472,653

Form 990 e-file (XML) FY2021 from the IRS · Classification, formation year and address from the IRS Business Master File

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