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Nonprofiteer
← ISLES INC

Form 990 for tax year 2024

Filed by ISLES INC.

Totals

Total revenue
$12,945,564
Total expenses
$15,073,577
Contributions and grants received
$12,183,229
Grants paid
$473,991
Program service revenue
$262,530
Investment income
$422,714
Other revenue
$77,091
Total assets, end of year
$24,757,416
Total liabilities, end of year
$8,955,938
Net assets or fund balances, end of year
$15,801,478
Program services expenses (Part IX)
$13,646,489
Management and general expenses
$1,126,944
Fundraising expenses
$300,144
Program service expenses (Part III)
$13,646,489

Program services were 90.5% 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.

  • 1c · Fundraising events

    $151,876

  • 1e · Government grants (contributions)

    $10,290,626

  • 1f · All other contributions, gifts and grants

    $1,740,727

  • 2a · Program service revenue: PROGRAM FEES

    total $262,530 · related or exempt $262,530

  • 3 · Investment income

    total $422,714 · excluded $422,714

  • 6a · Gross rents

    real property $86,067

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $86,067

  • 6d · Net rental income or loss

    total $86,067 · excluded $86,067

  • 8a · Fundraising events: gross income

    $14,350

  • 8a · Fundraising events: contributions included on line 1c

    $151,876

  • 8b · Fundraising events: direct expenses

    $36,156

  • 8c · Net income from fundraising events

    total -$21,806 · excluded -$21,806

  • 11a · Other revenue: OTHER INCOME

    total $12,830 · excluded $12,830

  • 11e · Other revenue, total

    $12,830

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $473,991 · program services $473,991

  • 5 · Compensation of officers, directors and key employees

    total $619,298 · program services $484,724 · management and general $52,381 · fundraising $82,193

  • 7 · Other salaries and wages

    total $5,387,267 · program services $4,711,242 · management and general $533,629 · fundraising $142,396

  • 8 · Pension plan contributions

    total $136,641 · program services $121,317 · management and general $10,456 · fundraising $4,868

  • 9 · Other employee benefits

    total $586,226 · program services $538,620 · management and general $36,796 · fundraising $10,810

  • 10 · Payroll taxes

    total $523,922 · program services $461,110 · management and general $43,970 · fundraising $18,842

  • 11a · Fees: management

    total $59,638 · program services $59,638

  • 11b · Fees: legal

    total $8,261 · program services $7,364 · management and general $897

  • 11c · Fees: accounting

    total $53,230 · program services $53,230

  • 11g · Fees: other

    total $3,006,477 · program services $2,893,285 · management and general $105,031 · fundraising $8,161

  • 12 · Advertising and promotion

    total $8,962 · program services $7,215 · management and general $1,622 · fundraising $125

  • 13 · Office expenses

    total $38,676 · program services $18,652 · management and general $10,943 · fundraising $9,081

  • 14 · Information technology

    total $265,881 · program services $179,999 · management and general $70,593 · fundraising $15,289

  • 16 · Occupancy

    total $555,442 · program services $498,749 · management and general $56,693

  • 17 · Travel

    total $77,729 · program services $65,625 · management and general $10,524 · fundraising $1,580

  • 20 · Interest

    total $344,880 · program services $313,750 · management and general $31,130

  • 22 · Depreciation, depletion and amortization

    total $221,968 · program services $196,176 · management and general $25,792

  • 23 · Insurance

    total $135,624 · program services $34,248 · management and general $101,376

  • 24a · Other expenses: PROGRAM EXPENSES AND SU

    total $2,379,980 · program services $2,373,090 · management and general $6,636 · fundraising $254

  • 24b · Other expenses: UTILITIES

    total $61,662 · program services $53,024 · management and general $7,960 · fundraising $678

  • 24c · Other expenses: MISCELLANEOUS

    total $50,400 · program services $47,844 · management and general $2,537 · fundraising $19

  • 24d · Other expenses: TRANSPORTATION

    total $39,167 · program services $39,167

  • 24e · All other expenses

    total $38,255 · program services $14,429 · management and general $17,978 · fundraising $5,848

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $960,853 · end of year $391,108

  • 3 · Pledges and grants receivable

    beginning of year $1,566,909 · end of year $2,152,711

  • 4 · Accounts receivable

    beginning of year $49,264 · end of year $49,264

  • 7 · Other notes and loans receivable

    beginning of year $7,742,541 · end of year $7,742,541

  • 9 · Prepaid expenses and deferred charges

    beginning of year $39,640 · end of year $106,282

  • 10a · Land, buildings and equipment: cost or other basis

    $6,615,874

  • 10b · Land, buildings and equipment: accumulated depreciation

    $2,158,747

  • 10c · Land, buildings and equipment, net

    beginning of year $4,785,668 · end of year $4,457,127

  • 11 · Investments: publicly traded securities

    beginning of year $1,810,760 · end of year $1,445,479

  • 12 · Investments: other securities

    beginning of year $14,300 · end of year $14,300

  • 15 · Other assets

    beginning of year $8,415,782 · end of year $8,398,604

  • 17 · Accounts payable and accrued expenses

    beginning of year $904,091 · end of year $1,957,202

  • 19 · Deferred revenue

    beginning of year $1,633,208 · end of year $1,476,116

  • 23 · Secured mortgages and notes payable

    beginning of year $4,885,301 · end of year $4,785,894

  • 24 · Unsecured notes and loans payable

    beginning of year $70,792 · end of year $70,792

  • 25 · Other liabilities

    beginning of year $110,517 · end of year $665,934

  • 27 · Net assets without donor restrictions

    beginning of year $14,901,084 · end of year $14,062,307

  • 28 · Net assets with donor restrictions

    beginning of year $2,880,724 · end of year $1,739,171

Mission and programs · 2024

Mission

ISLES' MISSION IS TO FOSTER SELF-RELIANT FAMILIES AND HEALTHY, SUSTAINABLE COMMUNITIES, WE DESIGN AND DEVELOP EFFECTIVE SERVICES THAT SUPPORT THIS MISSION AND SHARE WHAT WE LEARN WITH OTHERS WHO CAN MAKE A DIFFERENCE.

  • COMMUNITY PLANNING AND DEVELOPMENT (CP&D) : ISLES COLLABORATES WITH RESIDENTS AND STAKEHOLDERS TO IDENTIFY COMMUNITY CONCERNS AND PRIORITIES CREATE COMMUNITY LED NEIGHBORHOOD PLANS AND SECURE RESOURCES TO SUSTAIN NEIGHBORHOOD REVITALIZATION EFFORTS OVER THE LONG TERM. IN ADDITION, ISLES LEADS CITYWIDE RESEARCH AND PLANNING INITIATIVES RELATED TO BLIGHT REDUCTION, CREATIVE PLACEMAKING, AND FOOD SYSTEMS. ISLES ALSO PURCHASES, IMPROVES, AND DEVELOPS REAL ESTATE IN DOWNTOWN TRENTON, AND MANAGES AND MAINTAINS AFFORDABLE HOUSING UNITS TO MODERATE THE MARKET AND ENSURE HEALTHY, SAFE, AFFORDABLE HOUSING REMAINS AVAILABLE FOR LONGTERM RESIDENTS. IN 2024, THIS WORK INCLUDED THE FOLLOWING: PARTNERING WITH TRENTON CITY TO REVITALIZE BUSINESSES AND COMMUNITY THROUGH THE NEIGHBORHOOD PRESERVATION PROGRAM DESIGNED AND INSTALLED NEW SIGNAGE AND SAFETY MEASURES FOR 14 DOWNTOWN BUSINESSES HOSTED OR SUPPORTED 81 COMMUNITY EVENTS. URBAN AGRICULTURE: ISLES SUPPORTS OVER 70 COMMUNITY, SCHOOL, BACKYARD, AND INSTITUTIONAL GARDENS IN 2024, WE: PROVIDED 20+ WORKSHOPS IN GARDENING, NUTRITION, BEEKEEPING, AND COOKING, REACHING MORE THAN 200 YOUTH AND RESIDENTS, AND DONATED MORE THAN 700 LBS OF PRODUCE TO EMERGENCY FOOD SUPPLIERS SUPPORTED OVER 200 GARDENERS IN TRENTON.

    Expenses $4,655,166 · Grants $322,002 · Revenue $18,219

  • ISLES' CENTER FOR ENERGY AND ENVIRONMENTAL TRAINING (CEET): CEET IS A GREEN COLLAR JOB TRAINING FACILITY, TARGETING CAREERS IN ENERGY EFFICIENCY AND ENVIRONMENTAL HEALTH. THIS YEAR, CEET: TRAINED 272 INDIVIDUALS IN ENVIRONMENTAL HEALTH AND ENERGY EFFICIENCY (BOTH VIRTUALLY AND INPERSON) IN ADDITION, ISLES CONTINUES TO BE A STRONG ADVOCATE FOR LEAD AND HEALTHY HOMES PUBLIC EDUCATION, POLICY CHANGE AND INCREASED FUNDING FOR LEAD PAINT REMEDIATION.

    Expenses $5,756,738 · Grants $151,988 · Revenue $179,856

  • SOCIAL PROFIT CENTER AT MILL ONE: IS A HISTORIC FORMER TEXTILE MILL ON THE TRENTON/HAMILTON BORDER THAT ISLES CONVERTED INTO A HIGHPERFORMING, MIXED USE REGIONAL HUB FOR DOZENS OF SOCIAL PROFIT ORGANIZATIONS. THE CENTER FOSTERS A COLLABORATIVE ENVIRONMENT FOR ORGANIZATIONS TO THRIVE AND FIND NEW WAYS TO STRENGTHEN COMMUNITIES THROUGH CAPACITY BUILDING PROGRAMMING AND TECHNICAL ASSISTANCE. IN 2024, WE MAINTAINED NEARLY FULL OCCUPANCY WITH 34 INCLUDING 23 NONPROFITS. WE CONTINUE TO HOST REGULAR TENANT MEETINGS AND OTHER PROGRAMMING TO DEVELOP COMMUNITY SPIRITED ENGAGEMENTS THAT FOSTER COLLABORATION AND ENHANCED IMPACT AMONGST TENANTS AND THE COMMUNITY AT LARGE.

    Expenses $1,346,605

  • ISLES YOUTH INSTITUTE (IYI): IYI OFFERS ALTERNATIVE EDUCATION OPTIONS FOR DISENGAGED STUDENTS SEEKING THEIR HIGH SCHOOL EQUIVALENCY DIPLOMA, JOB SKILLS, AND LIFE SKILLS TRAINING. 25 IYI STUDENTS GRADUATED EARNING THEIR HIGH SCHOOL DIPLOMAS. 46 STUDENTS, COMMUNITY MEMBERS AND ALUMNI PARTICIPATED IN VARIOUS INTERNAL AND EXTERNAL JOB TRAINING, INTERNSHIP, AND SUMMER EMPLOYMENT OPPORTUNITIES. MEANINGFUL COMMUNITY SERVICE PROJECTS FOR MORE THAN 45 YOUTH, WHICH INCLUDED BEAUTIFYING AND MAINTAINING THE TRENTON CITY HALL OUTDOOR ATRIUM AND IMPROVING COMMUNITY CENTERS. 67 YOUTH EARNED CERTIFICATIONS IN CPR, OSHA, AND PREAPPRENTICE CONSTRUCTION TRAINING.

    Expenses $1,197,087 · Revenue $5,000

  • FINANCIAL SERVICES: ISLES CONTINUED TO OFFER HOMEBUYER AND FORECLOSURE COUNSELING TO PREPARE LOW AND MODERATEINCOME INDIVIDUALS FOR HOMEOWNERSHIP AND TO HELP FAMILIES AVOID FORECLOSURE. WE ALSO OFFERED ISLES FINANCIAL SOLUTIONS (IFS), AN EMPLOYERBASED FINANCIAL CAPABILITY INITIATIVE FOR LOWER WAGE WORKERS THAT INCLUDES AN INNOVATIVE MIX OF FINANCIAL COACHING, CREDITBUILDING FINANCE, SAVINGS PRODUCTS, AND GROUPBASED LEARNING. IFS WORKS WITH PRINCETON UNIVERSITY, CAPITAL HEALTH SYSTEMS AND LOCAL NONPROFITS. THIS YEAR: ISLES HAD 160 CUSTOMERS SEEKING HOUSING OR FORECLOSURE ADVICE OR ASSISTANCE. 63 CUSTOMERS PURCHASED A FIRST HOME. 354 CUSTOMERS RECEIVED IFS SERVICES.

    Expenses $485,339 · Revenue $52,455

  • JOHNSON LEARNING CENTER - TO INVEST IN THE EMPOWERMENT OF COMMUNITY-BASED APPROACHES AND ORGANIZATION IN BOTH TRENTON AND THROUGHOUT NJ, ISLES LAUNCHED THE JOHNSON CENTER FOR LEARNING & IMPACT IN 2022. WE DESIGNED THE CENTER FOR BE A VEHICLE THROUGH WHICH ISLES CAN ADVANCE KNOWLEDGE, BEST PRACTICES, AND RESOURCES; STRENGTHEN PUBLIC POLICIES; BUILD STRONGER DATA AND RESEARCH CAPACITY WITHIN ISLES; AND PREPARE THE NEXT GENERATION OF COMMUNITY LEADERS. THE CENTER STRIVES TO MAXIMIZE THE REACH AND EFFECTIVENESS OF BOTH ISLES AND OTHER COMMUNITY ORGANIZATIONS WORKING ON SIMILAR ISSUES THROUGHOUT NEW JERSEY. IT IS ALSO A BRIDGE BETWEEN PUBLIC POLICY AND ON-THE-GROUND SERVICES WITHIN THE IMPACTED COMMUNITIES. UNLIKE RESEARCH THAT IS OFTEN DONE IN AN ACADEMIC VACUUM, THE CENTER'S ROLE ALSO INCLUDES CROSS-POLLINATING BETWEEN RESEARCH AND GRASSROOTS SERVICES SO THAT BOTH ARE INFORMED BY EACH OTHER. THIS RESULTS IN ACTIONABLE INFORMATION AND RESOURCES THAT CAN BE DISSEMINATED BEYOND ISLES TO DRIVE POSITIVE CHANGE OUTSIDE OF THE GEOGRAPHIC SCOPE OF ISLES' PROGRAM, RESEARCH AND POLICY WORK. SPECIFICALLY, THIS YEAR, ISLES JOHNSON CENTER STAFF SPOKE AT MULTIPLE CONFERENCES ACROSS NEW JERSEY AND THE COUNTRY, HOSTED EVENTS ABOUT ENERGY AFFORDABILITY, BUILDING DECARBONIZATION, MICRO TRANSIT AND LEAD PAINT REMEDIATION. THE JOHNSON CENTER ALSO FOUGHT FOR INCREASED FUNDING FOR YOUTHBUILD PROGRAMS (LIKE THAT RUN BY ISLES YOUTH INSTITUTE) AND HOSTED 15 SUMMER INTERNS WHO GAINED PRACTICAL EXPERIENCE IN RESEARCH, POLICY, COMMUNITY ENGAGEMENT, ADVOCACY, AND PROJECT MANAGEMENT.

    Expenses $205,554 · Revenue $7,000

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Rukiya Blackwell Esq

    CHAIRPERSON

    Total calculated
    $0
    Hours/week
    1
  • Tim Manahan

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    1
  • Matthew Wasserman

    TREASURER

    Total calculated
    $0
    Hours/week
    1
  • Dave Briggs

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Austin Edwards Esq

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Erinn Hansen

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Carolyn Hoenisch

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Liz Lempert

    TRUSTEE (END. 2024)

    Total calculated
    $0
    Hours/week
    0.5
  • Stephen Longley

    TRUSTEE (END. 2024)

    Total calculated
    $0
    Hours/week
    0.5
  • Yolanda Marrero-Lopez

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Michael McGuinness

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Hemanshu Pandya

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Bobbi Rentko

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Manish Shah

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Ross Wishnick

    TRUSTEE

    Total calculated
    $0
    Hours/week
    0.5
  • Sean Jackson

    CHIEF EXECUTIVE OFFICER/EX

    Total calculated
    $149,395
    From this org
    $135,000
    From related orgs
    $0
    Other
    $14,395
    Hours/week
    0.5 + 40 related
  • John Hart

    COO (END 2024)

    Total calculated
    $42,308
    From this org
    $35,704
    From related orgs
    $0
    Other
    $6,604
    Hours/week
    0.5 + 40 related
  • Laura Fenster Rothschild

    MANAGING DIRECTOR

    Total calculated
    $113,160
    From this org
    $101,880
    From related orgs
    $0
    Other
    $11,280
    Hours/week
    0.5 + 40 related
  • Jason Allen

    MANAGING DIRECTOR

    Total calculated
    $48,055
    From this org
    $41,309
    From related orgs
    $0
    Other
    $6,746
    Hours/week
    0.5 + 40 related
  • Chris Benson

    MANAGING DIRECTOR

    Total calculated
    $36,481
    From this org
    $31,036
    From related orgs
    $0
    Other
    $5,445
    Hours/week
    0.5 + 40 related
  • Michael Nordquist

    MANAGING DIRECTOR

    Total calculated
    $49,269
    From this org
    $44,505
    From related orgs
    $0
    Other
    $4,764
    Hours/week
    0.5 + 40 related
  • Peter Rose

    MANAGING DIRECTOR

    Total calculated
    $120,819
    From this org
    $102,108
    From related orgs
    $0
    Other
    $18,711
    Hours/week
    0.5 + 40 related
  • Martin Johnson

    FOUNDER/ ADVISOR

    Total calculated
    $59,811
    From this org
    $53,673
    From related orgs
    $0
    Other
    $6,138
    Hours/week
    0.5 + 23 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

  • 120 EAST STATE ST

    $0

    PROFESSIONAL SERVICES NRTC/DTTN 2024

  • AAN MURAL PANEL SPONSORSHIP W/ISLES

  • BLACK VANITY LLC

    $0

    DOWNTOWN BUSINESS SUPPORT

  • BOROUGH OF FARMINGDALE

    $0

    DCA TRAINING

  • CIRCUIT TRANSIT INC

    $0

    TRANSPORTATION SERVICES AWARD

  • CREATIVE REVOLUTIONIST EVOLVING WORLDWIDE

    $0

    OTN CREATIVE ACTIVITIES SUPPORT

  • EQUITY BY DESIGN LLC

    $0

    OTN CREATIVE ACTIVITIES SUPPORT

  • HEALTH IS WEALTH JUICE BAR RESTAURANT

    $0

    DOWNTOWN BUSINESS SUPPORT

  • ICN LLC

    $0

    DOWNTOWN SMALL BUSINESS GRANT - SUNRISE LUNCHEONETTE

  • MOJA LIFE LLC

    $0

    DOWNTOWN FACADE IMPROVEMENT - MOJA LIFE

The 10 largest by cash amount. The API serves every itemized grant.

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 COMMUNITY FOUNDATION INC

    501(C)(3) · MANAGES INVESTMENT ACTIVITY FOR ISLES INC. · 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 E4 INC

    501(C)(3) · WEATHERIZATION SERVICES TO LOW INCOME HOUSEHOLDS · NJ · controlled entity

    Directly controlled by ISLES INC

  • ISLES COMMUNITY ENTERPRISES CORP

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

    Directly controlled by ISLES INC

  • ISLES MILL 57 INC

    501(C)(3) · ACQUIRE, HOLD, & SELL REAL PROPERTY TO SUPPORT OTHER 501(C)(3) ENTITIES · NJ · controlled entity

    Directly controlled by ISLES INC

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • ISLES MILL ONE MANAGER LLC

    TO LEASE SPACE FROM SPCMO, LLC AND TO LEASE INDIVIDUAL AREAS TO OTHERS · NJ

    Directly controlled by ISLES INC

  • ACADEMY COURT LLC

    USED FOR HOUSIN DEVELOPMENT · NJ

    Directly controlled by ISLES INC

  • JOHNSTON AVE UNIT B LLC

    PROPERTY UNDER DEVELOPMENT · NJ

    Directly controlled by ISLES INC

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • CHESTNUT MONMOUTH URBAN RENEWAL APARTMENTS LP

    RELATED · LOW INCOME HOUSING · NJ · 100% owned · general or managing partner

  • ARCHIPELAGO CONDOMINIUM ASSOCIATION INC

    RELATED · CONDOMINIUM ASSOCIATION · NJ · 45.2% owned

  • SOCIAL PROFIT CENTER MILL ONE LLC

    RELATED · TO EXECUTE THE CONSTRUCTION OF THE SOCIAL PROFIT CENTER AT MILL ONE COMPLEX · NJ · 51% owned

  • ISLES MILL ONE MASTER TENANT LLC

    RELATED · TO OPERATE THE SOCIAL PROFIT CENTER · NJ · 1% owned

  • JOHNSTON AVE UNIT A LLC

    RELATED · OWNER OF MILL ONE - HAS GROUND LEASE WITH SOCIAL PROFIT CENTER · NJ · 100% owned

  • ISLES MILL ONE MANAGER

    RELATED · ISLES' PROPERTY MANAGEMENT FEES FROM SPC · NJ · 100% owned

  • CHESTNUT MONMOUTH FAMILY HOUSING LLC

    RELATED · GP IN CHESTNUT MONMOUTH APTS · NJ · 100% owned

Provenance

Return type
form_990
Tax year
2024
Filed
14 November 2025
IRS schema version
2024v5.2
Source object
202533189349305413

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