2013-11-15T14:32:40-06:00 2012-12-31 221430039 SOBEL AND CO LLC CPA'S 293 EISENHOWER PARKWAY LIVINGSTON NJ 070391711 990 2012-01-01 222350832 ISLES INC ISLE 6093414700 10 WOOD STREET TRENTON NJ 08618 MARTIN JOHNSON 6093414700 2013-11-15 1 RON MATAN P01277732 9739949494 2013-11-15 2012 2016-03-07 17:11:31Z MARTIN JOHNSON 10 WOOD STREET TRENTON NJ 08618 5850579 0 X WWW.ISLES.ORG X 1981 NJ TO OFFER SERVICES IN LOW-INCOME COMMUNITIES (IN THE TRENTON AND THE SURROUNDING AREA) TO ADDRESS CRITICAL URBAN NEEDS IN THE AREAS OF COMMUNITY REVITALIZATION, URBAN ARGRICULTURE, GREEN JOB TRAINING, YOUTH EDUCATION, AND THROUGH OUR E4 SUBSIDIARY, ENERGY AND WEATHERIZATION SERVICES.RECENT HIGHLIGHTS INCLUDE, 1) ADDING FOUR NEW GARDENS IN TRENTON; 2) PROVIDING GREEN JOB TRAINING AND/OR CERTIFICATION OF 300 PEOPLE IN GREEN BUILDING SCIENCE, ENERGY EFFICIENCY, AND HEALTHY HOME ENVIRONMENTS; 3) TWELVE ISLES FINANCIAL SOLUTIONS MEMBERS RECEIVED SPRINGBOARD AND EMERGENCY LOANS AND SAVED A TOTAL OF $65,000 IN FEES AND INTEREST PAYMENTS. FIFTY PERCENT OF MEMBERS INCREASED THEIR CREDIT SCORES BY 100 POINTS AND FIFTY PERCENT OF MEMBERS ACHEIVED A SAVINGS GOAL OF $500; 4) ACHEIVED 27 POSITIVE OUTCOMES FOR FORCLOSURE CUSTOMERS THAT INCLUDED MORTGAGE MODIFICATION, FORBEARANCE AGREEMENTS, AND REINSTATEMENT. 18 17 107 217 0 0 6379497 5079426 432339 393305 144 70169 -31150 -223319 6780830 5319581 80829 0 0 0 3249982 2618623 0 0 262433 2323745 2157279 5654556 4775902 1126274 543679 12870235 13218180 1655973 1502066 11214262 11716114 ISLES' MISSION IS TO FOSTER SELF-RELIANT FAMILIES AND HEALTHY, SUSTAINABLE COMMUNITIES. 0 0 3485072 396171 FOUNDED IN 1981, ISLES, INC. IS A SELF-HELP, URBAN GREEN DEVELOPMENT ORGANIZATION IN TRENTON, NJ. ISLES DEVELOPS COST EFFECTIVE, POWERFUL WAYS TO STRENGTHEN PEOPLE AND PLACES IN CHALLENGING URBAN SETTINGS. ISLES REVITALIZES COMMUNITIES BY DEVELOPING GREEN AFFORDABLE HOMES, PARKS, AND COMMUNITY AGRICULTURE; TRAINS AND EDUCATES YOUTH AND ADULTS THROUGH A VOCATIONAL SCHOOL AND GREEN JOB TRAINING CENTER; BUILDS WEALTH BY SUPPORTING SOCIAL ENTERPRISES AND OTHER FINANCIAL AND CREDIT BUILDING SERVICES; AND STIMULATES GREEN, HEALTHY LIVING BY FOSTERING ENERGY EFFIENCY AND PROMOTING HEALTHY LIFESTYLES. 3485072 1 1 0 0 0 0 0 0 0 1 1 0 0 0 1 1 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 34 0 1 107 1 0 0 0 0 0 1 1 0 0 0 0 X 18 17 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X X THE ORGANIZATION 6093414700 10 WOOD STREET TRENTON NJ 08618 MANISH H SHAH 1.00 X X 0 0 0 LIZ ERICKSON 1.00 X X 0 0 0 ANN MARIE SENIOR 1.00 X X 0 0 0 STEVEN GOODELLESQ 1.00 X X 0 0 0 EDWARD J BUTLER 0.50 X 0 0 0 FRANCIS BLANCO 0.50 X 0 0 0 TOM BYRNE 0.50 X 0 0 0 ZANE DION CLARK 0.50 X 0 0 0 BARBARA COE 0.50 X 0 0 0 MICHAEL DUNDAS 0.50 X 0 0 0 STUART M ESSIG 0.50 X 0 0 0 ROBERT H HARRIS 0.50 X 0 0 0 KAREN HERNANDEZ-GRANZEN 0.50 X 0 0 0 JACQUE P HOWARD 0.50 X 0 0 0 MICHELE MINTER 0.50 X 0 0 0 OYE OLUKOTUN 0.50 X 0 0 0 SA MUT A SCOTT 0.50 X 0 0 0 MARTIN JOHNSON 35.00 5.00 X X 98942 0 31462 RONALD ZILINSKI 34.00 6.00 X 59490 0 975 PETER ROSE 16.00 24.00 X 69380 0 7565 JULIA TAYLOR 38.00 2.00 X 68475 0 7312 YUKI LAURENTI 40.00 X 78996 0 1713 GAIL BROOKS 40.00 X 79675 0 6005 RICHARD OBER 30.00 5.00 X 21345 0 612 476303 0 55644 0 0 0 0 RUSLING PAVING AND CONCRETE LLC 8 IRVEN STREET TRENTON NJ 08638 CONSTRUCTION 278561 ST JOSEPH CONTRACTOR CORP 440 MERCER STREET HAMILTON NJ 08690 CONSTRUCTION 129111 CROXTON COLLABORATIVE ARCHITECT LLC 475 5TH AVENUE 22ND FLOOR NEW YORK NY 10017 ARCHITECTURE 123704 YOUR PART-TIME CONTROLLER 1500 WALNUT STREET SUITE 1200 PHILADELPHIA PA 19102 ACCOUNTING 108511 4 44125 2743820 2291481 22539 5079426 PROGRAM FEES 900099 386805 386805 CONSULTING FEES 900099 6500 6500 393305 22739 22739 24000 243738 -219738 -219738 -219738 307137 259707 47430 47430 47430 21106 44125 27553 -6447 -6447 OTHER 900099 2866 2866 2866 5319581 396171 0 -156016 X 531947 335770 153014 43163 1671863 1085334 440056 146473 2503 2503 211759 173293 29116 9350 200551 131320 51546 17685 53269 53036 233 8156 1895 6261 57625 15000 42625 1581389 1436877 128338 16174 1000 441 534 25 124455 69420 43172 11863 99960 56883 30852 12225 16370 13678 2692 65558 60764 4446 348 3813 3813 52789 52789 65032 45607 19425 LICENSING FEES 8761 3158 5603 CONTRIBUTIONS 8281 0 8281 STUDENT TRAINING AND TR 5000 5000 MEETING EXPENSE 3886 736 3098 52 1935 1860 75 4775902 3485072 1028397 262433 969957 777162 303 303 2232920 865964 3285183 3997887 25129 25129 8232 20930 6505147 551772 5670814 5953375 379023 1316444 297874 260186 800 800 12870235 13218180 421610 553792 611226 262062 175129 175129 448008 511083 1655973 1502066 X 5186695 4952069 5452524 5363401 575043 1400644 11214262 11716114 12870235 13218180 543679 -41827 0 X X 0 1 X 1 1 1 X 8586804 1864394 6851752 6379497 5079426 28761873 8586804 1864394 6851752 6379497 5079426 28761873 28761873 11990 120131 101181 29688 46739 309729 7906 8277 6691 22874 29094476 7201443 0.98860 0.98930 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 575043 825601 21973 21973 1400644 525000 50043 575043 0.00000 1.00000 0.00000 0 1 1 67000 67000 5956030 145006 5811024 308308 267878 40430 173809 138888 34921 5953375 DEFERRED COMPENSATION LIABILITY 511083 511083 X DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE ORGANIZATION'S ENDOWMENT FUNDS ARE TO BE USED FOR THE ISLES YOUTH CENTERED SERVICES AND TO CREATE CAPITAL. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED ISLES, INC. AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. CHESTNUT MONMOUTH FAMILY HOUSING, LLC, ISLES JOHNSTON AVE UNIT A, LLC, AND ISLES JOHNSTON AVE UNIT B, LLC ARE TAXED AS PARTNERSHIPS. ACCORDINGLY, ANY INCOME OR LOSS IS REFLECTED ON THE TAX RETURNS OF THE RESPECTIVE MEMBERS. SINCE THESE PARTNERSHIPS ARE WHOLLY OWNED BY ISLES, INC., THEY ARE CONSIDERED DISREGARDED ENTITIES FOR TAX PURPOSES. THE ORGANIZATION FOLLOWS STANDARDS THAT PROVIDE CLARIFICATION ON ACCOUNTING FOR UNCERTAINTY IN INCOME TAXES RECOGNIZED IN THE ORGANIZATION'S CONSOLIDATED FINANCIAL STATEMENTS. THE GUIDANCE PRESCRIBES A RECOGNITION THRESHOLD AND MEASUREMENT ATTRIBUTE FOR THE RECOGNITION AND MEASUREMENT OF A TAX POSITION TAKEN OR EXPECTED TO BE TAKEN IN A TAX RETURN, AND ALSO PROVIDES GUIDANCE ON DE-RECOGNITION, CLASSIFICATION, INTEREST, AND PENALTIES, DISCLOSURE AND TRANSITION. THE ORGANIZATION'S POLICY IS TO RECOGNIZE INTEREST AND PENALTIES ON UNRECOGNIZED TAX BENEFITS IN INCOME TAX EXPENSE. NO INTEREST AND PENALTIES WERE RECORDED DURING THE YEARS ENDED 2012 AND 2011. THE TAX YEARS SUBJECT TO AUDIT BY FEDERAL AND STATE JURISDICTIONS ARE THE YEARS ENDED DECEMBER 31, 2009, AND FORWARD. AT DECEMBER 31, 2012 AND 2011, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. HARVEST EVENT 25843 23780 2063 450 1530 325 5708 GOLF EVENT 32840 20345 12495 7000 2400 6875 1 6548 6548 177 3088 65231 44125 21106 7627 3930 325 15671 27553 -6447 FORM 990, PART VI, SECTION B, LINE 11 FORM 990 IS PROVIDED TO THE CHIEF FINANCIAL OFFICER, RONALD ZILINSKI, FOR REVIEW BEFORE IT IS FILED. AFTER THE REVIEW, IT IS FORWARDED TO THE BOARD FOR APPROVAL. FORM 990, PART VI, SECTION B, LINE 12C EACH DIRECTOR, PRINCIPAL OFFICER AND MEMBER OF A COMMITTEE WITH BOARD DELEGATED POWERS SHALL ANNUALLY SIGN A STATEMENT WHICH AFFIRMS THAT SUCH PERSON: A.HAS RECEIVED A COPY OF THE CONFLICT OF INTEREST POLICY, B.HAS READ AND UNDERSTANDS THE POLICY, C.HAS AGREED TO COMPLY WITH THE POLICY, AND D.UNDERSTANDS THAT ISLES, INC. IS A NON-PROFIT ORGANIZATION AND THAT IN ORDER TO MAINTAIN ITS FEDERAL TAX EXEMPTION IT MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF ITS TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION INVOLVES AN ANNUAL REVIEW OF INDIVIDUAL PERFORMANCE AND COMPARISON OF PRESENT COMPENSATION TO MARKET DATA. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST AND VIA WWW.GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. OTHER FEES FORM 990, PART IX, LINE 11G OTHER: PROGRAM SERVICE EXPENSES 109,254. MANAGEMENT AND GENERAL EXPENSES 7,707. FUNDRAISING EXPENSES 6,424. TOTAL EXPENSES 123,385. CONSULTING: PROGRAM SERVICE EXPENSES 73,938. MANAGEMENT AND GENERAL EXPENSES 38,400. FUNDRAISING EXPENSES 9,750. TOTAL EXPENSES 122,088. STAFFING: PROGRAM SERVICE EXPENSES 4,751. MANAGEMENT AND GENERAL EXPENSES 82,207. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 86,958. TRAINING/TESTING FEES: PROGRAM SERVICE EXPENSES 184,537. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 184,537. SUB CONTRACTOR FEES: PROGRAM SERVICE EXPENSES 922,778. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 922,778. SUB GRANTEE: PROGRAM SERVICE EXPENSES 128,598. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 128,598. OUTSIDE EDUCATIONAL SERVICES: PROGRAM SERVICE EXPENSES 13,021. MANAGEMENT AND GENERAL EXPENSES 24. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 13,045. OVERSIGHT OF AUDIT FORM 990, PART XII LINE 2C THE PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. CHESTNUT MONMOUTH FAMILY HOUSING LLC 10 WOOD STREET TRENTON NJ 08618 223710194 GENERAL PARTNER OF CHESTNUT MONMOUTH URBAN RENEWAL APARTMENTS, LP NJ 0 0 ISLES INC ISLES JOHNSTON AVENUE UNIT A LLC 10 WOOD STREET TRENTON NJ 08618 999999999 CONDOMINIUM NJ 18000 4119624 ISLES INC ISLES JOHNSTON AVENUE UNIT B LLC 10 WOOD STREET TRENTON NJ 08618 999999999 CONDOMINIUM NJ 6000 1373208 ISLES INC ISLES COMMUNITY FOUNDATION INC 10 WOOD STREET TRENTON NJ 08618 371420125 MANAGES INVESTMENT ACTIVITY FOR ISLES INC. NJ 501(C)(3) LINE 11C, III-FI ISLES INC 1 ISLES PROPERTIES INC 10 WOOD STREET TRENTON NJ 08618 550799217 HOLDING COMPANY OF REAL ESTATE PROPERTY FOR ISLES, INC.'S EXEMPT PURPOSE NJ 501(C)(2) ISLES INC 1 ISLES E4 INC 10 WOOD STREET TRENTON NJ 08618 270375809 WEATHERIZATION SERVICES TO LOW INCOME HOUSEHOLDS NJ 501(C)(3) LINE 9 ISLES INC 1 ISLES COMMUNITY ENTERPRISES CORP 10 WOOD STREET TRENTON NJ 08618 262483265 PROVIDES EDUCATION, TRAINING, AND FINANCING TO DISTRESSED COMMUNITIES NJ 501(C)(3) LINE 9 ISLES INC 1 ISLES MILL 57 INC 10 WOOD STREET TRENTON NJ 08618 271568899 ACQUIRE, HOLD, & SELL REAL PROPERTY TO SUPPORT OTHER 501(C)(3) ENTITIES NJ 501(C)(3) LINE 11A, I ISLES INC 1 EL BARRIO ACADEMY URBAN RENEWAL ASSOCIATES LP WYOMING AVE SUITE 5 KINGSTON PA 18704 522034928 LOW INCOME HOUSING PA N/A RELATED -571 -10344 0 1 0.00260 EAST HANOVER STREET URBAN RENEWAL ASSOCIATES LP WYOMING AVE SUITE 5 KINGSTON PA 18704 522092734 LOW INCOME HOUSING PA N/A RELATED -141 -4314 0 1 0.00250 CHESTNUT MONMOUTH URBAN RENEWAL APARTMENTS LP 10 WOOD STREET TRENTON NJ 08618 223710195 LOW INCOME HOUSING NJ N/A RELATED -8 230770 0 1 0.00010 DELMAR ASSOCIATES LP 1438 3RD AVE APT 29B NEW YORK NY 10028 133130669 LOW INCOME HOUSING NY N/A RELATED 4357 35399 0 0 0.01460 BALTIC CAPITAL LLC 425 GREENWOOD AVENUE TRENTON NJ 08609 223836112 LOW INCOME HOUSING NJ N/A RELATED 100 0 0 0.00100 0 0 0 1 1 0 0 0 0 1 0 0 0 1 1 1 1 1 0 ISLES E4 INC D 150000 LOAN ISLES COMMUNITY FOUNDATION INC E 204451 LOAN ISLES PROPERTIES INC D 2414522 LOAN ISLES E4 INC D 707377 LOAN ISLES MILL 57 D 443102 LOAN ISLES COMMUNITY ENTERPRISES CORP D 44463 LOAN