Ridge Oak Management Inc
Ridge Oak Management Inc: Stable Finances, High Administrative Costs
EIN: 222177245 · Basking Ridge, NJ · NTEE: L22 · Updated: 2026-04-04
Is Ridge Oak Management Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Ridge Oak Management Inc
Ridge Oak Management Inc (EIN: 222177245) is a nonprofit organization based in Basking Ridge, NJ, classified under NTEE code L22. The organization reported total revenue of $583K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ridge Oak Management Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Ridge Oak Management Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Ridge Oak Management Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings (2017-2024), which is unusual for a management entity and warrants deeper scrutiny into how leadership is compensated or if services are provided pro bono.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Ridge Oak Management Inc's IRS 990 filings:
- Consistent reporting of 0% compensation for officers, directors, trustees, and key employees raises questions about the true cost of leadership and potential undisclosed related-party transactions.
- 100% of reported expenses are categorized as administrative, with no program or fundraising expenses, which is highly unusual for a nonprofit and suggests a very specific, potentially indirect, operational model.
- Despite consistent revenue, the organization's expenses frequently exceed revenue (e.g., 2023: revenue $297,776, expenses $379,775), leading to a decrease in net assets in some years.
Strengths
The following positive indicators were identified for Ridge Oak Management Inc:
- The organization maintains a stable asset base, consistently above $2 million, indicating financial resilience.
- Consistent annual revenue generation, albeit modest, demonstrates ongoing operational activity.
- Long history of financial filings (2017-2024) provides a good historical overview of financial performance.
Frequently Asked Questions about Ridge Oak Management Inc
Is Ridge Oak Management Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Ridge Oak Management Inc (EIN: 222177245) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Ridge Oak Management Inc spend its money?
Detailed spending breakdown data is not yet available for Ridge Oak Management Inc. Check back for updated IRS 990 analysis.
Are donations to Ridge Oak Management Inc tax-deductible?
Ridge Oak Management Inc is registered as a tax-exempt nonprofit (EIN: 222177245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Ridge Oak Management Inc do?
Ridge Oak Management Inc is a nonprofit organization in the Housing & Shelter sector, located in Basking Ridge, New Jersey. It is classified under NTEE code L22.
How much revenue does Ridge Oak Management Inc have?
Ridge Oak Management Inc reported total revenue of $582,607. Based on 14 IRS 990 filings on record.
What are Ridge Oak Management Inc's total assets?
Ridge Oak Management Inc holds total assets of $2,505,896 as reported in IRS 990 filings.
Where is Ridge Oak Management Inc located?
Ridge Oak Management Inc is based in Basking Ridge, New Jersey.
What is Ridge Oak Management Inc's EIN?
Ridge Oak Management Inc's Employer Identification Number (EIN) is 222177245. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Ridge Oak Management Inc?
Ridge Oak Management Inc is classified under NTEE code L22 (Housing & Shelter).
Is Ridge Oak Management Inc a registered 501(c)(3)?
Yes, Ridge Oak Management Inc is recognized as a tax-exempt organization by the IRS. EIN: 222177245.
Does Ridge Oak Management Inc file IRS Form 990?
Yes, Ridge Oak Management Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Ridge Oak Management Inc's revenue in 2024?
In the 202406 filing period, Ridge Oak Management Inc reported total revenue of $373,178, total expenses of $288,347, and net assets of $2,425,605.
Is Ridge Oak Management Inc's revenue growing or declining?
Ridge Oak Management Inc's revenue is growing. Revenue went from $297,776 (202306) to $373,178 (202406), a +25.3% change. Based on 14 filings on record.
What is Ridge Oak Management Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Ridge Oak Management Inc covers tax period 202406. It shows revenue of $373,178, expenses of $288,347, total assets of $2,425,605, and liabilities of $1,212,756.
Is Ridge Oak Management Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Ridge Oak Management Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Ridge Oak Management Inc?
The following concerns were identified: Consistent reporting of 0% compensation for officers, directors, trustees, and key employees raises questions about the true cost of leadership and potential undisclosed related-party transactions.. 100% of reported expenses are categorized as administrative, with no program or fundraising expenses, which is highly unusual for a nonprofit and suggests a very specific, potentially indirect, operational model.. Despite consistent revenue, the organization's expenses frequently exceed revenue (e.g., 2023: revenue $297,776, expenses $379,775), leading to a decrease in net assets in some years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Ridge Oak Management Inc's strengths?
Positive indicators for Ridge Oak Management Inc include: The organization maintains a stable asset base, consistently above $2 million, indicating financial resilience.. Consistent annual revenue generation, albeit modest, demonstrates ongoing operational activity.. Long history of financial filings (2017-2024) provides a good historical overview of financial performance.. These findings are derived from AI analysis of the organization's financial filings.
How does Ridge Oak Management Inc compensate executives?
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available filings (2017-2024), which is unusual for a management entity and warrants deeper scrutiny into how leadership is compensated or if services are provided pro bono. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'management' nature of the organization and 100% administrative expenses, what specific services does Ridge Oak Management Inc. provide, and to whom?
The provided data indicates that all expenses are administrative, with no program or fundraising costs. This suggests the organization might be managing assets or providing administrative oversight for another entity, rather than directly delivering programs to beneficiaries. Further investigation into its mission and operational structure is needed to understand its specific services and beneficiaries.
How does Ridge Oak Management Inc. sustain operations and maintain its asset base when expenses frequently exceed revenue, and no compensation is reported for key personnel?
The consistent reporting of $0 compensation for key personnel, combined with years where expenses surpass revenue (e.g., 2023 expenses $379,775 vs. revenue $297,776), suggests potential reliance on accumulated assets, external subsidies, or unrecorded in-kind contributions. The sustained asset base (e.g., $2,505,896 in 2024) indicates a strong financial foundation, but the operational deficit in some years warrants clarification on funding sources.
Filing History
IRS 990 filing history for Ridge Oak Management Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Ridge Oak Management Inc's revenue has grown by 71.5%, moving from $218K to $373K. Total assets increased by 17.4% over the same period, from $2.1M to $2.4M. Total functional expenses rose by 34.5%, from $214K to $288K. In its most recent filing year (2024), Ridge Oak Management Inc reported a surplus of $85K, with revenue exceeding expenses. The organization holds $1.2M in liabilities against $2.4M in assets (debt-to-asset ratio: 50.0%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $373K | $288K | $2.4M | $1.2M | — | — |
| 2023 | $298K | $380K | $2.2M | $1.2M | — | View 990 |
| 2022 | $277K | $263K | $2.3M | $1.2M | — | View 990 |
| 2021 | $258K | $259K | $2.4M | $1.2M | — | View 990 |
| 2020 | $254K | $256K | $2.3M | $1.2M | — | View 990 |
| 2019 | $254K | $247K | $2.2M | $1.2M | — | View 990 |
| 2018 | $240K | $256K | $2.2M | $1.2M | — | View 990 |
| 2017 | $253K | $237K | $2.2M | $1.2M | — | View 990 |
| 2016 | $234K | $228K | $2.2M | $1.2M | — | View 990 |
| 2015 | $231K | $227K | $2.2M | $1.2M | — | View 990 |
| 2014 | $335K | $217K | $2.2M | $1.2M | — | View 990 |
| 2013 | $218K | $211K | $2.1M | $1.2M | — | View 990 |
| 2012 | $621K | $240K | $2.4M | $1.2M | — | View 990 |
| 2011 | $218K | $214K | $2.1M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $373K, expenses of $288K, and assets of $2.4M (revenue +25.3% year-over-year).
- 2023: Revenue of $298K, expenses of $380K, and assets of $2.2M (revenue +7.5% year-over-year).
- 2022: Revenue of $277K, expenses of $263K, and assets of $2.3M (revenue +7.3% year-over-year).
- 2021: Revenue of $258K, expenses of $259K, and assets of $2.4M (revenue +1.7% year-over-year).
- 2020: Revenue of $254K, expenses of $256K, and assets of $2.3M (revenue -0.2% year-over-year).
- 2019: Revenue of $254K, expenses of $247K, and assets of $2.2M (revenue +6.0% year-over-year).
- 2018: Revenue of $240K, expenses of $256K, and assets of $2.2M (revenue -5.0% year-over-year).
- 2017: Revenue of $253K, expenses of $237K, and assets of $2.2M (revenue +7.9% year-over-year).
- 2016: Revenue of $234K, expenses of $228K, and assets of $2.2M (revenue +1.4% year-over-year).
- 2015: Revenue of $231K, expenses of $227K, and assets of $2.2M (revenue -31.1% year-over-year).
- 2014: Revenue of $335K, expenses of $217K, and assets of $2.2M (revenue +53.8% year-over-year).
- 2013: Revenue of $218K, expenses of $211K, and assets of $2.1M (revenue -65.0% year-over-year).
- 2012: Revenue of $621K, expenses of $240K, and assets of $2.4M (revenue +185.5% year-over-year).
- 2011: Revenue of $218K, expenses of $214K, and assets of $2.1M.
Data Sources and Methodology
This transparency report for Ridge Oak Management Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.