Skip to content
Nonprofiteer
← ISLES MILL 57 INC

Form 990 for tax year 2023

Filed by ISLES MILL 57 INC.

Totals

Total revenue
$4,207
Total expenses
$160,705
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$0
Investment income
$4,207
Other revenue
$0
Total assets, end of year
$986,582
Total liabilities, end of year
$874,476
Net assets or fund balances, end of year
$112,106
Program services expenses (Part IX)
$160,705
Management and general expenses
$0
Fundraising expenses
$0
Program service expenses (Part III)
$160,705

Program services were 100.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 3 · Investment income

    total $4,207 · excluded $4,207

Functional expenses

Part IX, the statement of functional expenses.

  • 11b · Fees: legal

    total $1,650 · program services $1,650

  • 11c · Fees: accounting

    total $1,460 · program services $1,460

  • 11g · Fees: other

    total $153,688 · program services $153,688

  • 24a · Other expenses: TAXES

    total $3,663 · program services $3,663

  • 24b · Other expenses: LICENSING AND FEES

    total $244 · program services $244

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $625,741 · end of year $602,755

  • 15 · Other assets

    beginning of year $659,009 · end of year $383,827

  • 17 · Accounts payable and accrued expenses

    beginning of year $142,791 · end of year $1,121

  • 25 · Other liabilities

    beginning of year $873,355 · end of year $873,355

  • 27 · Net assets without donor restrictions

    beginning of year $268,604 · end of year $112,106

Mission and programs · 2023

Mission

AS A 100% CONTROLLED AFFILIATE OF ISLES, INC., ISLES MILL 57 WAS ORGANIZED TO OWN TITLE TO REAL ESTATE PROPERTY FOR ISLES, INC.'S PROGRAM FOR COMMUNITY REAL ESTATE DEVELOPMENT.

Activities or mission (Part I)

TO OWN AND DEVELOP VARIOUS REAL ESTATE PROPERTIES FOR ISLES, INC.

  • HOLDING COMPANY FOR REAL ESTATE PROPERTY THAT SUPPORTS ISLES INC.'S TAX EXEMPT PURPOSE

    Expenses $160,705

As filed on the 2023 return.

Listed in Part VII

  • Jeffrey Stoller

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5 + 0.5 related

  • Sean Carney

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5

  • Sean Jackson

    CHIEF EXECUTIVE OFFICER

    Total calculated
    $149,412
    From this org
    $0
    From related orgs
    $135,016
    Other
    $14,396
    Hours/week
    0.5 + 40 related

  • Michael Nordquist

    MANAGING DIRECTOR

    Total calculated
    $100,981
    From this org
    $0
    From related orgs
    $91,225
    Other
    $9,756
    Hours/week
    0.5 + 40 related

  • Martin Johnson

    EX-OFFICIO

    Total calculated
    $73,260
    From this org
    $0
    From related orgs
    $59,779
    Other
    $13,481
    Hours/week
    0.5 + 23 related

  • Peter Rose

    MANAGING DIRECTOR

    Total calculated
    $107,182
    From this org
    $0
    From related orgs
    $89,683
    Other
    $17,499
    Hours/week
    0.5 + 40 related

  • John Hart

    CHIEF OPERATING OFFICER

    Total calculated
    $139,882
    From this org
    $0
    From related orgs
    $119,843
    Other
    $20,039
    Hours/week
    0.5 + 40 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • ISLES INC

    501(C)(3) · PROVIDES HOUSING, GARDENING, RECREATION AND ENVIRONMENTAL EDUCATION · NJ

  • ISLES COMMUNITY FOUNDATION

    501(C)(3) · MANAGING INVESTMENT ACTIVITIES; SUPPORTING ORGANIZATION FOR ISLES, INC. · NJ · controlled entity

    Directly controlled by ISLES INC

  • ISLES E4 INC

    501(C)(3) · TRAIN INDIVIDUALS TO PERFORM WEATHERIZATION SERVICES TO LOW INCOME HOUSEHOLD · NJ · controlled entity

    Directly controlled by ISLES INC

  • ISLES PROPERTIES INC

    501(C)(2) · HOLDING COMPANY OF REAL ESTATE PROPERTY FOR ISLES, INC.'S EXEMPT PURPOSE · NJ · controlled entity

    Directly controlled by ISLES INC

  • ISLES COMMUNITY ENTERPRISES

    501(C)(3) · PROVIDES EDUCATION, TRAINING, AND FINANCING TO DISTRESSED COMMUNITIES · NJ · controlled entity

    Directly controlled by ISLES INC

Provenance

Return type
form_990
Tax year
2023
Filed
13 November 2024
IRS schema version
2023v5.1
Source object
202413189349304666

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

The source document this was parsed from is served over the API, which is where bulk and document access live.