Totals
- Total revenue
- $10,961,245
- Total expenses
- $11,760,372
- Contributions and grants received
- $10,233,358
- Grants paid
- $359,501
- Program service revenue
- $202,896
- Investment income
- $421,473
- Other revenue
- $103,518
- Total assets, end of year
- $25,385,717
- Total liabilities, end of year
- $7,603,909
- Net assets or fund balances, end of year
- $17,781,808
- Program services expenses (Part IX)
- $10,613,791
- Management and general expenses
- $856,789
- Fundraising expenses
- $289,792
- Program service expenses (Part III)
- $10,613,791
Program services were 90.3% 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
$94,014
-
1e · Government grants (contributions)
$7,632,746
-
1f · All other contributions, gifts and grants
$2,506,598
-
2a · Program service revenue: PROGRAM FEES
total $202,896 · related or exempt $202,896
-
3 · Investment income
total $421,473 · excluded $421,473
-
6a · Gross rents
real property $75,362
-
6b · Less rental expenses
real property $0
-
6c · Rental income or loss
real property $75,362
-
6d · Net rental income or loss
total $75,362 · excluded $75,362
-
8a · Fundraising events: gross income
$17,048
-
8a · Fundraising events: contributions included on line 1c
$94,014
-
8b · Fundraising events: direct expenses
$25,501
-
8c · Net income from fundraising events
total -$8,453 · excluded -$8,453
-
11a · Other revenue: MANAGEMENT FEE
total $20,000 · excluded $20,000
-
11b · Other revenue: OTHER INCOME
total $16,609 · excluded $16,609
-
11e · Other revenue, total
$36,609
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $359,501 · program services $359,501
-
5 · Compensation of officers, directors and key employees
total $585,145 · program services $433,825 · management and general $88,522 · fundraising $62,798
-
7 · Other salaries and wages
total $4,632,737 · program services $4,109,836 · management and general $380,753 · fundraising $142,148
-
8 · Pension plan contributions
total $117,637 · program services $104,099 · management and general $10,944 · fundraising $2,594
-
9 · Other employee benefits
total $630,347 · program services $552,282 · management and general $61,286 · fundraising $16,779
-
10 · Payroll taxes
total $459,011 · program services $398,369 · management and general $45,912 · fundraising $14,730
-
11a · Fees: management
total $55,615 · program services $39,764 · management and general $15,851
-
11b · Fees: legal
total $18,209 · program services $16,927 · management and general $1,271 · fundraising $11
-
11c · Fees: accounting
total $76,894 · program services $71,479 · management and general $5,369 · fundraising $46
-
11g · Fees: other
total $2,319,672 · program services $2,270,964 · management and general $39,896 · fundraising $8,812
-
12 · Advertising and promotion
total $4,262 · program services $3,771 · management and general $355 · fundraising $136
-
13 · Office expenses
total $32,738 · program services $15,093 · management and general $6,623 · fundraising $11,022
-
14 · Information technology
total $219,242 · program services $147,790 · management and general $56,698 · fundraising $14,754
-
16 · Occupancy
total $302,338 · program services $216,169 · management and general $86,169
-
17 · Travel
total $73,288 · program services $62,319 · management and general $2,139 · fundraising $8,830
-
20 · Interest
total $341,702 · program services $339,367 · management and general $2,335
-
22 · Depreciation, depletion and amortization
total $207,198 · program services $207,001 · management and general $197
-
23 · Insurance
total $118,024 · program services $85,344 · management and general $32,680
-
24a · Other expenses: PROGRAM EXPENSES AND SU
total $1,059,756 · program services $1,052,487 · management and general $5,182 · fundraising $2,087
-
24b · Other expenses: UTILITIES
total $48,431 · program services $38,426 · management and general $9,400 · fundraising $605
-
24c · Other expenses: MISCELLANEOUS
total $30,277 · program services $26,792 · management and general $2,519 · fundraising $966
-
24d · Other expenses: TRANSPORTATION
total $22,746 · program services $22,746
-
24e · All other expenses
total $45,602 · program services $39,440 · management and general $2,688 · fundraising $3,474
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $288,676 · end of year $960,853
-
2 · Savings and temporary cash investments
beginning of year $55,027
-
3 · Pledges and grants receivable
beginning of year $1,252,520 · end of year $1,566,909
-
4 · Accounts receivable
beginning of year $2,472,732 · end of year $49,264
-
7 · Other notes and loans receivable
beginning of year $7,992,541 · end of year $7,742,541
-
9 · Prepaid expenses and deferred charges
end of year $39,640
-
10a · Land, buildings and equipment: cost or other basis
$6,824,298
-
10b · Land, buildings and equipment: accumulated depreciation
$2,038,630
-
10c · Land, buildings and equipment, net
beginning of year $4,151,512 · end of year $4,785,668
-
11 · Investments: publicly traded securities
beginning of year $1,642,246 · end of year $1,810,760
-
12 · Investments: other securities
beginning of year $14,300 · end of year $14,300
-
15 · Other assets
beginning of year $7,114,248 · end of year $8,415,782
-
17 · Accounts payable and accrued expenses
beginning of year $852,048 · end of year $904,091
-
19 · Deferred revenue
beginning of year $437,188 · end of year $1,633,208
-
23 · Secured mortgages and notes payable
beginning of year $5,256,381 · end of year $4,885,301
-
24 · Unsecured notes and loans payable
beginning of year $45,126 · end of year $70,792
-
25 · Other liabilities
beginning of year $2,960 · end of year $110,517
-
27 · Net assets without donor restrictions
beginning of year $14,450,327 · end of year $14,901,084
-
28 · Net assets with donor restrictions
beginning of year $3,939,772 · end of year $2,880,724
Mission and programs · 2023
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 2023, 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 2023, 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 $3,045,496 · Grants $359,501 · Revenue $14,656
-
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 196 INDIVIDUALS IN ENVIRONMENTAL HEALTH AND ENERGY EFFICIENCY (BOTH VIRTUALLY AND INPERSON) PROVIDED HEALTHY HOMES FOR 68 COMMUNITY HEALTH WORKERS PROVIDED SUPPORT FOR 25 UNEMPLOYED WORKERS TO GET EMPLOYED THROUGH THE CLEAN ENERGY JOBS PROGRAM LEAD SAFETY AND HEALTHY HOMES: ISLES CONTINUED TO PROVIDE RETROFITS TO LOWINCOME HOMES TO IMPROVE ENERGY EFFICIENCY AND REMOVE LEAD, MOLD/MOISTURE, ASTHMA TRIGGERS, FALL AND BURN HAZARDS AND OTHER NEGATIVE INDOOR HEALTH CONDITIONS. IN ADDITION, ISLES CONTINUES TO BE A STRONG ADVOCATE FOR LEAD AND HEALTHY HOMES PUBLIC EDUCATION, POLICY CHANGE AND INCREASED FUNDING FOR REMEDIATION OF LEAD CONTAMINATED HOMES. THIS YEAR, ISLES: CONDUCTED 187 LEAD AND HEALTHY HOMES ASSESSMENTS MADE 68 HOMES LEAD SAFE IMPROVED HEATING SYSTEMS AND ENERGYEFFICIENCY IN OVER 70 HOMES.
Expenses $4,420,349 · Revenue $166,930
-
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 2023, WE: SECURED 34 TENANTS INCLUDING NON PROFIT AND FOR PROFIT COMPANIES REPRESENTING 94% OCCUPANCY CURRENTLY HOST MONTHLY MEETINGS AND QUARTERLY MIXERS WITH TENANTS TO FOSTER A COLLABORATIVE ENVIRONMENT.
Expenses $1,844,170 · Revenue $21,310
-
ISLES YOUTH INSTITUTE (IYI): IYI OFFERS ALTERNATIVE EDUCATION OPTIONS FOR DISENGAGED STUDENTS SEEKING THEIR HIGH SCHOOL EQUIVALENCY DIPLOMA, JOB SKILLS, AND LIFE SKILLS TRAINING. 17 IYI STUDENTS GRADUATED EARNING THEIR HIGH SCHOOL DIPLOMAS. 58 STUDENTS, COMMUNITY MEMBERS AND ALUMNIPARTICIPATED IN VARIOUS INTERNAL AND EXTERNAL JOB TRAINING, INTERNSHIP, AND SUMMER EMPLOYMENT OPPORTUNITIES. MEANINGFUL COMMUNITY SERVICE PROJECTS FOR MORE THAN 40 YOUTH, WHICH INCLUDED BEAUTIFYING AND MAINTAINING THE TRENTON CITY HALL OUTDOOR ATRIUM AND IMPROVING COMMUNITY CENTERS. 60 YOUTH EARNED CERTIFICATIONS IN CPR, OSHA, AND PREAPPRENTICE CONSTRUCTION TRAINING. 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 WITHPRINCETON UNIVERSITY, CAPITAL HEALTH SYSTEMS AND LOCAL NONPROFITS. THIS YEAR: ISLES HAD 330 CUSTOMERS SEEKING HOUSING OR FORECLOSURE ADVICE OR ASSISTANCE 155 CUSTOMERS ATTENDED PREPURCHASE WORKSHOPS. 93 CUSTOMERS EARNED HOUSING CERTIFICATES (TO QUALIFY FOR FINANCIALASSISTANCE.) 34 CUSTOMERS PURCHASED A FIRST HOME. 319 CUSTOMERS RECEIVED IFS SERVICES.
Expenses $1,303,776
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
Rukiya Blackwell EsqRUKIYA BLACKWELL ESQ
CHAIRPERSON
- Total calculated
- $0
- Hours/week
- 1
-
Tim ManahanTIM MANAHAN
VICE CHAIR
- Total calculated
- $0
- Hours/week
- 1
-
Ronald StarkRONALD STARK
TREASURER
- Total calculated
- $0
- Hours/week
- 1
-
Austin Edwards EsqAUSTIN EDWARDS ESQ
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Stephen R LongleySTEPHEN R LONGLEY
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Karen McGuinnessKAREN MCGUINNESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Michael McGuinnessMICHAEL MCGUINNESS
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Hemanshu PandyaHEMANSHU PANDYA
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffrey StollerJEFFREY STOLLER
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Matthew WassermanMATTHEW WASSERMAN
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Carolyn HoenischCAROLYN HOENISCH
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Liz LempertLIZ LEMPERT
TRUSTEE
- Total calculated
- $0
- Hours/week
- 0.5
-
Sean JacksonSEAN JACKSON
CHIEF EXECUTIVE OFFICER/EX-OFFICIO
- Total calculated
- $149,412
- From this org
- $135,016
- From related orgs
- $0
- Other
- $14,396
- Hours/week
- 40 + 0.5 related
-
John HartJOHN HART
CHIEF OPERATING OFFICER
- Total calculated
- $139,882
- From this org
- $119,843
- From related orgs
- $0
- Other
- $20,039
- Hours/week
- 32 + 8 related
-
Michael NordquistMICHAEL NORDQUIST
MANAGING DIRECTOR
- Total calculated
- $100,981
- From this org
- $91,225
- From related orgs
- $0
- Other
- $9,756
- Hours/week
- 40 + 0.5 related
-
Peter RosePETER ROSE
MANAGING DIRECTOR
- Total calculated
- $107,182
- From this org
- $89,683
- From related orgs
- $0
- Other
- $17,499
- Hours/week
- 40 + 0.5 related
-
Chris LewisCHRIS LEWIS
SECRETARY
- Total calculated
- $0
- Hours/week
- 1
-
Martin JohnsonMARTIN JOHNSON
TRUSTEE
- Total calculated
- $73,260
- From this org
- $59,779
- From related orgs
- $0
- Other
- $13,481
- Hours/week
- 0.5
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
$170,000
CONSTRUCTION/PROFESSIONAL SERVICES NRTC/DTTN
-
A BETTER WAY
$75,000
TCST SMALL GRANTS PROGRAM
-
$66,000
FALL GRANT MANAGEMENT FEE (PART 1)
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
-
501(C)(2) · HOLDING COMPANY OF REAL ESTATE PROPERTY FOR ISLES, INC.'S EXEMPT PURPOSE · NJ · controlled entity
Directly controlled by ISLES 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
-
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
- 2023
- Filed
- 13 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202403189349307325
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.