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Compensation 990 is an independent service that uses public IRS Form 990 filings as its source data. We clean and standardize this information, but the original filings may contain errors or omissions. Years on this site refer to the organization’s fiscal year end date on the filing.

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Organizations Housing & Shelter Ridge Oak Inc.

Ridge Oak Inc.

Fiscal year ending 2025. Filed on November 5, 2025.

150 Manchester Drive
Basking Ridge, New Jersey 07920

Ridge Oak Inc. (EIN: 22-2185024) has filed an IRS Form 990 since fiscal year 2017. In its fiscal year 2025 IRS Form 990 filing, Ridge Oak Inc., a 501(c)(3) charitable organization, reported compensation for 5 out of 40 total employees. Among the employees shown here, the average compensation is $158,228. The highest compensated employee at Ridge Oak Inc. is Bonnie Kelly with fiscal year 2025 compensation of $255,355.

Revenue, expenses, and employee compensation

Revenue

$9,684,532

Expenses

$6,454,559

Employee compensation

$2,404,454
Revenue, expenses, and employee compensation over time

Reported Compensated Employees

Bonnie Kelly
Executive Director
$255,355
$0 $193,692 $61,663
Michael Palanchi
Facilities Director
$150,343
$105,683 No related comp$44,660
Corey Hovanec
Operations Director
$141,144
$106,777 No related comp$34,367
Susan Cohn
Director of Administration and Housing
$128,120
$116,116 No related comp$12,004
Patricia Goulden
Finance Director
$116,177
$104,124 No related comp$12,053

Benchmark Employee Compensation

Non-Employee Board Members

Bob Tallaksen
Trustee
Bruce McArthur
Trustee
Deborah Knapp
Trustee
Denise Szabo
Trustee
Norman Graff
Treasurer
Pamela Bowman
Secretary
Susan Pape
Trustee
Tracie Malleo
Vice President
Vincent Baker
President

Contractors

Vorhees & Crane Painting
Capital Improvements
$149,338
Ivci LLC
IT Improvements
$102,529

Mission Statement

TO OPERATE A RESIDENTIAL HOUSING PROJECT IN BASKING RIDGE, NJ PRIMARILY FOR LOW INCOME ELDERLY.

Revisions to this organization profile

November 5, 2025:
2025 Ridge Oak Inc. 990 filed
November 12, 2024:
2024 Ridge Oak Inc. 990 filed
November 7, 2023:
2023 Ridge Oak Inc. 990 filed

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Ridge Oak Ii Inc.
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Ridge Oak Management Inc.
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