Isles Inc in Trenton, New Jersey (NJ)

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Isles Inc
Employer Identification Number (EIN)222350832
Name of OrganizationIsles Inc
Address10 Wood Street, Trenton, NJ 08618-3921
ActivitiesSupplying money, goods or services to the poor, Gifts or grants to individuals (other than scholarships)
SubsectionLiterary Organization
Ruling Date04/1984
DeductibilityContributions are deductible
FoundationOrganization which receives a substantial part of its support from a governmental unit or the general public
OrganizationCorporation
Exempt Organization StatusUnconditional Exemption
Tax Period12/2013
Assets$10,000,000 to $49,999,999
Income$1,000,000 to $4,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$13,330,897
Amount of Income$4,920,529
Form 990 Revenue Amount$4,664,395
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Rehabilitation


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Amount of income in 2013: $4,920,529
This organization: 

 $4,920,529
Other organizations performing similar types of work: 

 $344,100

Assets in 2013: $13,330,897
Isles Inc: 

 $13,330,897
Other organizations performing similar types of work: 

 $962,515

Expenses in 2013: $4,417,464
This organization: 

 $4,417,464
Other organizations performing similar types of work: 

 $349,817

Income to expenses ratio in 2013: 1.1
This organization: 

 1.1
Other organizations performing similar types of work: 

 1.1

Expenses allocated to program services in 2007: 72.1%
Isles Inc: 

 72.1%
Other organizations performing similar types of work: 

 93.0%

Number of employees in 2013: 101
Isles Inc: 

 101
Other organizations performing similar types of work: 

 2

Employees paid over $100,000 in 2013: 3.0%
Isles Inc: 

 3.0%
Other organizations performing similar types of work: 

 0.0%

Grants share in income in 2013: 97.4%
This organization: 

 97.4%
Other organizations performing similar types of work: 

 -1.$%

Financial snapshot ($)

Revenue for 2013

Assets at the end of 2013

Functional expenses for 2013

Support schedule

Checklist
20122013
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)?YesYes
Is the organization required to complete Schedule B, Schedule of Contributors?YesYes
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office?NoNo
Did the organization engage in lobbying activities, or have a section 501(h) election in effect during the tax year?NoNo
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19?NoNo
Did the organization maintain any donor advised funds or any similar funds or accounts for which donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts?NoNo
Did the organization receive or hold a conservation easement, including easements to preserve open space, the environment, historic land areas, or historic structures?NoNo
Did the organization maintain collections of works of art, historical treasures, or other similar assets?NoNo
Did the organization report an amount for escrow or custodial account liability; serve as a custodian or provide credit counseling, debt management, credit repair, or debt negotiation services?NoNo
Did the organization, directly or through a related organization, hold assets in temporarily restricted endowments, permanent endowments, or quasi-endowments?YesYes
Did the organization report an amount for land, buildings, and equipment?YesYes
Did the organization report an amount for investments-other securities that is 5% or more of its total assets?NoNo
Did the organization report an amount for investments-program related that is 5% or more of its total assets?NoNo
Did the organization report an amount for other assets that is 5% or more of its total assets?NoNo
Did the organization report an amount for other liabilities?YesYes
Did the organization's separate or consolidated financial statements for the tax year include a footnote that addresses the organization's liability for uncertain tax positions under FIN 48 (ASC 740)?YesYes
Did the organization obtain separate, independent audited financial statements for the tax year?NoNo
Was the organization included in consolidated, independent audited financial statements for the tax year?YesYes
Is the organization a school described in section 170(b)(1)(A)(ii)?NoNo
Did the organization maintain an office, employees, or agents outside of the United States?NoNo
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, investment, and program service activities outside the United States, or aggregate foreign investments valued at $100,000 or more?NoNo
Did the organization report more than $5,000 of grants or other assistance to or for any foreign organization?NoNo
Did the organization report more than $5,000 of aggregate grants or other assistance to or for foreign individuals?NoNo
Did the organization report a total of more than $15,000 of expenses for professional fundraising services?NoNo
Did the organization report more than $15,000 total of fundraising event gross income and contributions?YesYes
Did the organization report more than $15,000 of gross income from gaming activities?NoNo
Did the organization operate one or more hospital facilities?NoNo
Did the organization attach a copy of its audited financial statements?NoNo
Did the organization report more than $5,000 of grants or other assistance to any domestic organization or domestic government?NoYes
Did the organization report more than $5,000 of grants or other assistance to or for domestic individuals?NoNo
Did the organization answer 'Yes' about compensation of the organization's current and former officers, directors, trustees, key employees, and highest compensated employees?NoNo
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002?NoNo
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?NoNo
Did the organization maintain an escrow account other than a refunding escrow at any time during the year to defease any tax-exempt bonds?NoNo
Did the organization act as an 'on behalf of' issuer for bonds outstanding at any time during the year?NoNo
Did the organization engage in an excess benefit transaction with a disqualified person during the year?NoNo
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization's prior Forms 990 or 990-EZ?NoNo
Did the organization report any amount for receivables from or payables to any current or former officers, directors, trustees, key employees, highest compensated employees, or disqualified persons?NoNo
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor or employee thereof, a grant selection committee member, or to a 35% controlled entity or family member of any of these persons?NoNo
Was the organization a party to a business transaction with one of the following parties
A current or former officer, director, trustee, or key employee?NoNo
A family member of a current or former officer, director, trustee, or key employee?NoNo
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or direct or indirect owner?NoNo
Did the organization receive more than $25,000 in non-cash contributions?NoYes
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions?NoNo
Did the organization liquidate, terminate, or dissolve and cease operations?NoNo
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets?NoNo
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3?YesYes
Was the organization related to any tax-exempt or taxable entity?YesYes
Did the organization have a controlled entity within the meaning of section 512(b)(13)?YesYes
Did the organization make any transfers to an exempt non-charitable related organization?NoNo
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes?NoNo
Statements Regarding Other IRS Filings and Tax Compliance
201120122013
The number reported in Box 3 of Form 1096363435
The number of Forms W-2G000
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners?YesYesYes
The number of employees reported on Form W-3, Transmittal of Wage and Tax Statements, filed for the calendar year ending with or within the year covered by this return158107101
Did the organization file all required federal employment tax returns?YesYesYes
Did the organization have unrelated business gross income of $1,000 or more during the year?NoNoNo
Has it filed a Form 990-T for this year?NoNoNo
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account, securities account, or other financial account)?NoNoNo
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?NoNoNo
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?NoNoNo
Did the organization file Form 8886-T?NoNoNo
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible as charitable contributions?NoNoNo
Did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?NoNoNo
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?YesYesYes
Did the organization notify the donor of the value of the goods or services provided?YesYesYes
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?NoNoNo
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?NoNoNo
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?NoNoNo
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?NoNoNo
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?NoNoNo
Did a donor advised fund maintained by the sponsoring organization have excess business holdings at any time during the year?NoNoNo
Did the sponsoring organization make any taxable distributions under section 4966?NoNoNo
Did the sponsoring organization make a distribution to a donor, donor advisor, or related person?NoNoNo
Initiation fees and capital contributions$0$0$0
Gross receipts for public use of club facilities $0$0$0
Gross income from members or shareholders$0$0$0
Gross income from other sources$0$0$0
Is the organization filing Form 990 in lieu of Form 1041?NoNoNo
The amount of tax-exempt interest received or accrued during the year$0$0$0
Is the organization licensed to issue qualified health plans in more than one state?NoNoNo
The amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans$0$0$0
The amount of reserves on hand$0$0$0
Did the organization receive any payments for indoor tanning services during the tax year?NoNoNo
Has it filed a Form 720 to report these payments?NoNoNo
Compensation of Officers, Directors, Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
20122013
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
Total reportable compensation from the organization$476,303$441,198
Total reportable compensation from related organizations$0$0
Total estimated amount of other compensation from the organization and related organizations$55,644$42,782
Total number of individuals who received more than $100,000 of reportable compensation from the organization01
Total number of independent contractors who received more than $100,000 of compensation from the organization42
Statement of Revenue
201120122013
Total revenue$6,780,830$5,319,581$4,664,395
Contributions, Gifts, Grants and Other Similar Amounts$6,379,497$5,079,426$4,541,730
Program Service Revenue$432,339$393,305$123,171
900099$404,364$386,805$78,471
900099$26,573$6,500$44,700
All other program service revenue$0$0$0
Other Revenue
Investment income (including dividends, interest, and other similar amounts)$1,088$22,739$84,484
Income from investment of tax-exempt bond proceeds$0$0$0
Royalties$0$0$0
Net rental loss$25,718$-219,738$-154,978
Gross rents (Real / Personal)$28,600 / $0$24,000 / $0$18,207 / $0
Less: rental expenses (Real / Personal)$2,882 / $0$243,738 / $0$173,185 / $0
Rental income or (loss) (Real / Personal)$25,718 / $0$-219,738 / $0$-154,978 / $0
Net gain/loss from sales of assets other than inventory$-944$47,430$83,255
Gross amount from sales of assets other than inventory (Securities / Other)$96 / $0$0 / $307,137$32,094 / $85,344
Less: cost or other basis and sales expenses (Securities / Other)$1,040 / $0$0 / $259,707$34,183 / $0
Gain or (loss) (Securities / Other)$-944 / $0$0 / $47,430$-2,089 / $85,344
Net income/loss from fundraising events$-81,232$-6,447$-16,341
Gross income from fundraising events$33,346$21,106$32,425
Less: direct expenses$114,578$27,553$48,766
Net income/loss from gaming activities$0$0$0
Net income/loss from sales of inventory$0$0$0
Miscellaneous Revenue$24,364$2,866$3,074
900099$10,485$2,866$3,074
All other revenue$3,652$0$0
Statement of Functional Expenses
201120122013
Total functional expenses$5,654,556$4,775,902$4,417,464
Grants and other assistance to domestic organizations and domestic governments$0$0$179,926
Grants and other assistance to domestic individuals$80,829$0$0
Grants and other assistance to foreign organizations, foreign governments, and foreign individuals$0$0$0
Benefits paid to or for members$0$0$0
Compensation of current officers, directors, trustees, and key employees$399,275$531,947$483,980
Compensation not included above, to disqualified persons$0$0$0
Other salaries and wages$2,287,529$1,671,863$1,573,821
Pension plan accruals and contributions$44,536$2,503$26,938
Other employee benefits$263,099$211,759$142,389
Payroll taxes$255,543$200,551$194,110
Fees for services (non-employees)
Management$0$53,269$0
Legal$6,083$8,156$7,489
Accounting$50,875$57,625$59,250
Lobbying$0$0$0
Professional fundraising services$0$0$0
Investment management fees$0$0$0
Other$1,401,641$1,581,389$871,779
Advertising and promotion$1,929$1,000$1,632
Office expenses$236,628$124,455$37,909
Information technology$100,528$99,960$108,810
Royalties$0$0$0
Occupancy$217,158$0$245,698
Travel$28,021$16,370$81,590
Payments of travel or entertainment expenses for any federal, state, or local public officials$0$0$0
Conferences, conventions, and meetings$88,040$65,558$0
Interest$12,054$3,813$0
Payments to affiliates$0$0$0
Depreciation, depletion, and amortization$55,541$52,789$51,008
Insurance$66,587$65,032$64,419
Other expenses$41,938$8,761$148,785
Other expenses$38,199$8,281$70,903
Other expenses$11,902$5,000$23,427
Other expenses$6,112$3,886$14,676
Other expenses$-39,491$1,935$28,925
Balance Sheet
201120122013
Total assets$12,870,235$13,218,180$13,330,897
Cash - non-interest-bearing$969,957$777,162$956,734
Savings and temporary cash investments$303$303$387
Pledges and grants receivable, net$2,232,920$865,964$554,108
Accounts receivable, net$3,285,183$3,997,887$3,273,484
Loans and other receivables from current and former officers, directors, trustees, key employees, and highest compensated employees$0$0$0
Loans and other receivables from other disqualified persons, persons described in section 4958(c)(3)(B), and contributing employers and sponsoring organizations of section 501(c)(9) voluntary employees' beneficiary organizations$0$0$0
Notes and loans receivable, net$25,129$25,129$25,129
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$8,232$20,930$15,467
Land, buildings, and equipment: cost or other basis$5,670,814$5,953,375$6,155,980
Investments - publicly traded securities$379,023$1,316,444$2,065,472
Investments - other securities$297,874$260,186$283,336
Investments - program-related$0$0$0
Intangible assets$0$0$0
Other assets$800$800$800
Total liabilities$1,655,973$1,502,066$1,202,596
Accounts payable and accrued expenses$421,610$553,792$268,033
Grants payable$0$0$0
Deferred revenue$611,226$262,062$321,839
Tax-exempt bond liabilities$0$0$0
Escrow or custodial account liability$0$0$0
Loans and other payables to current and former officers, directors, trustees, key employees, highest compensated employees, and disqualified persons$0$0$0
Secured mortgages and notes payable to unrelated third parties$175,129$175,129$175,129
Unsecured notes and loans payable to unrelated third parties$0$0$0
Other liabilities (including federal income tax, payables to related third parties, and other liabilities)$448,008$511,083$437,595
Total net assets or fund balances$11,214,262$11,716,114$12,128,301
Unrestricted net assets$5,186,695$4,952,069$4,729,934
Temporarily restricted net assets$5,452,524$5,363,401$5,983,401
Permanently restricted net assets$575,043$1,400,644$1,414,966
Capital stock or trust principal, or current funds$0$0$0
Paid-in or capital surplus, or land, building, or equipment fund$0$0$0
Retained earnings, endowment, accumulated income, or other funds$0$0$0
Reason for Public Charity Status (for 2013)
The organization is not a private foundation because it is:An organization that normally receives a substantial part of its support from a governmental unit or from the general public described in section 170(b)(1)(A)(vi)
Number of organizations supported0
Sum of amounts of support$0
Support Schedule for Organizations Described in Sections 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi) (for 2009 - 2013)
2009 - 2013 Total
Public Support$24,716,799
Subtotal Support$24,716,799
Gifts, grants, contributions, and membership fees received$24,716,799
Tax revenues levied for the organization's benefit and either paid to or expended on its behalf$0
The value of services or facilities furnished by a governmental unit to the organization without charge$0
The portion of total contributions by each person (other than a governmental unit or publicly supported organization) that exceeds 2% of the total support$0
Total Support$25,134,749
Public Support$24,716,799
Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources$399,908
Net income from unrelated business activities, whether or not the business is regularly carried on$0
Other income. Do not include gain or loss from the sale of capital assets$18,042
Gross receipts from related activities, etc.$5,347,448
Revenue, Expenses, and Changes in Net Assets or Fund Balances
200520062007
Total revenue$5,045,632$4,842,229$5,207,695
Contributions, gifts, grants, and similar amounts received$4,690,624$4,473,969$4,556,220
Contributions to donor advised funds$0$0
Direct public support$3,294,235$3,254,835$3,081,305
Indirect public support$8,891$8,077$0
Government contributions (grants)$1,387,498$1,211,057$1,474,915
Program service revenue including government fees and contracts$261,633$284,562$174,015
Membership dues and assessments$0$0$0
Interest on savings and temporary cash investments$0$3,716$0
Dividends and interest from securities$1,565$0$1,236
Net rental income or (loss)$0$0$0
Gross rents$0$0$0
Less: rental expenses$0$0$0
Other investment income$0$-42,911$0
Gain or (loss) from sales of assets other than inventory$11,367$1,085$-1,884
Gross amount from sales of assets other than inventory$11,516$1,085$0
Less: cost or other basis and sales expenses$149$0$1,884
Net income or (loss) from special events and activities$66,659$21,822$137,495
Gross revenue$66,659$21,822$137,495
Less: direct expenses other than fundraising expenses$0$0$0
Gross profit or (loss) from sales of inventory$0$0$0
Gross sales of inventory, less returns and allowances$0$0$0
Less: cost of goods sold$0$0$0
Other revenue$13,784$99,986$340,613
Total expenses$3,542,194$3,656,491$4,192,044
Program services$2,410,022$2,309,589$3,021,525
Management and general$750,824$1,015,563$530,615
Fundraising$381,348$331,339$639,904
Payments to affiliates$0$0$0
Net assets or fund balances at end of year$2,992,425$4,178,967$5,196,859
Excess or (deficit) for the year$1,503,438$1,185,738$1,015,651
Net assets or fund balances at beginning of year$1,271,081$2,992,425$4,178,967
Other changes in net assets or fund balances$217,906$804$2,241
Statement of Functional Expenses (for 2007)
TotalProgram servicesManagement and generalFundraising
Total functional expenses$4,192,044$3,021,525$530,615$639,904
Grants paid from donor advised funds$0
Other grants and allocations$0
Specific assistance to individuals$110,895
Benefits paid to or for members$0
Compensation of current officers, directors, key employees, etc.$132,005$79,203$39,602$13,200
Compensation of former officers, directors, key employees, etc.$0$0$0$0
Compensation and other distributions, not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0$0$0
Salaries and wages of employees not included above$1,889,315$1,303,063$296,054$290,198
Pension plan contributions not included above$0$0$0$0
Employee benefits not included above$584,442$387,550$105,310$91,582
Payroll taxes$0$0$0$0
Professional fundraising fees$0$0$0$0
Accounting fees$0$0$0$0
Legal fees$0$0$0$0
Supplies$201,383$121,724$53,525$26,134
Telephone$0$0$0$0
Postage and shipping$14,261$3,002$4,734$6,525
Occupancy$182,153$74,200$106,378$1,575
Equipment rental and maintenance$0$0$0$0
Printing and publications$0$0$0$0
Travel$107,624$65,439$12,026$30,159
Conferences, conventions, and meetings$0$0$0$0
Interest$0$0$0$0
Depreciation, depletion, etc.$66,684$0$66,684$0
Other expenses not covered above$903,282$876,449$-153,698$180,531
Balance Sheets
200520062007
Total assets$5,423,079$6,466,834$7,259,109
Cash - non-interest-bearing$0$0$490,246
Savings and temporary cash investments$185,079$522,154$0
Accounts receivable less allowance for doubtful accounts$0$0$0
Pledges receivable less allowance for doubtful accounts$235,000$1,031,881$1,458,448
Grants receivable$556,377$389,388$186,670
Receivables from current and former officers, directors, trustees, and key employees$0$0$0
Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B)$0$0
Other notes and loans receivable less allowance for doubtful accounts$25,129$25,129$58,461
Inventories for sale or use$0$0$0
Prepaid expenses and deferred charges$53,843$2,555$0
Investments - publicly-traded securities$0$0
Investments - other securities$187,166$181,185$0
Investments - land, buildings, and equipment less accumulated depreciation$0$0$0
Investments - other$0$0$305,013
Land, buildings, and equipment less accumulated depreciation$586,471$566,015$4,246,070
Other assets, including program-related investments$3,594,014$3,748,527$514,201
Total liabilities$2,430,654$2,287,867$2,062,250
Accounts payable and accrued expenses$343,635$499,037$344,687
Grants payable$0$0$0
Deferred revenue$303,745$328,919$693,148
Loans from officers, directors, trustees, and key employees$0$0$0
Tax-exempt bond liabilities$0$0$0
Mortgages and other notes payable$1,577,137$1,228,183$1,024,415
Other liabilities$206,137$231,728$0
Total liabilities and net assets/fund balances$5,423,079$6,466,834$7,259,109
Total net assets or fund balances$2,992,425$4,178,967$5,196,859
Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
200520062007
Total revenue$5,045,632$4,842,229$5,207,695
Total revenue, gains, and other support per audited financial statements$5,448,467$5,296,363$5,209,936
Other expenses$406,599$454,134$2,241
Net unrealized gains on investments$3,031$804$2,241
Donated services and use of facilities$403,568$453,330$0
Recoveries of prior year grants$0$0$0
Other$0$0$0
Other revenue$3,764$0$0
Investment expenses$0$0$0
Other$3,764$0$0
Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
200520062007
Total expenses$3,542,194$3,656,491$4,192,044
Total expenses and losses per audited financial statements$3,941,998$4,109,821$4,192,044
Other revenue$403,568$453,330$0
Donated services and use of facilities$403,568$453,330$0
Prior year adjustments$0$0$0
Losses$0$0$0
Other$0$0$0
Other expenses$3,764$0$0
Investment expenses$0$0$0
Other$3,764$0$0
Current Officers, Directors, Trustees, and Key Employees
Average hours per week devoted to positionCompensationContributions to employee benefit plans & deferred compensation plansExpense account and other allowances
35$92,005$40,000$0
Total number of officers, directors, and trustees permitted to vote on organization business at board meetings18
Are any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, related to each other through family or business relationships?Yes
Do any officers, directors, trustees, or key employees listed in Form 990, Part V-A, or highest compensated employees listed in Schedule A, Part I, or highest compensated professional and other independent contractors listed in Schedule A, Part II-A or II-B, receive compensation from any other organizations, whether tax exempt or taxable, that are related to the organization?No
Does the organization have a written conflict of interest policy?Yes
Other Information
Did the organization have unrelated business gross income of $1,000 or more during the year covered by this return, and has it filed a tax return on Form 990-T for this year?No
Was there a liquidation, dissolution, termination, or substantial contraction during the year?No
Is the organization related (other than by association with a statewide or nationwide organization) through common membership, governing bodies, trustees, officers, etc., to any other exempt or nonexempt organization?Yes
Direct and indirect political expenditures$0
Did the organization file Form 1120-POL for this year?No
Were substantially all dues nondeductible by members?
Did the organization make only in-house lobbying expenditures of $2,000 or less?
Dues, assessments, and similar amounts from members$0
Section 162(e) lobbying and political expenditures$0
Aggregate nondeductible amount of section 6033(e)(1)(A) dues notices$0
Taxable amount of lobbying and political expenditures$0
Does the organization elect to pay the section 6033(e) tax on the amount above?
If section 6033(e)(1)(A) dues notices were sent, does the organization agree to add the amount above to its reasonable estimate of dues allocable to nondeductible lobbying and political expenditures for the following tax year?
Initiation fees and capital contributions$0
Gross receipts for public use of club facilities$0
At any time during the year, did the organization, directly or indirectly, own a controlled entity within the meaning of section 512(b)(13)?Yes
Amount of tax imposed on the organization during the year under: section 4911$0
Amount of tax imposed on the organization during the year under: section 4912$0
Amount of tax imposed on the organization during the year under: section 4955$0
Did the organization engage in any section 4958 excess benefit transaction during the year or did it become aware of an excess benefit transaction from a prior year?No
Amount of tax imposed on the organization managers or disqualified persons during the year under sections 4912, 4955, and 4958$0
Amount of tax above, reimbursed by the organization$0
At any time during the tax year, was the organization a party to a prohibited tax shelter transaction?No
Did the organization acquire a direct or indirect interest in any applicable insurance contract?No
Did the supporting organization, or a fund maintained by a sponsoring organization, have excess business holdings at any time during the year?No
Number of employees employed in the pay period that includes March 12, 200644
Analysis of Income-Producing Activities (for 2007)
Unrelated business incomeExcluded by section 512, 513, or 514Related or exempt function income
Business codeAmountExclusion codeAmount
Total$0$152,460$499,015
Program service revenue
Program service revenue 1000000$000$0$174,015
Program service revenue 2000000$000$0$0
Program service revenue 3000000$000$0$0
Program service revenue 4000000$000$0$0
Program service revenue 5000000$000$0$0
Medicare/Medicaid payments000000$000$0$0
Fees and contracts from government agencies000000$000$0$0
Membership dues and assessments000000$000$0$0
Interest on savings and temporary cash investments000000$000$0$0
Dividends and interest from securities000000$0Dividends, interest, payments with respect to securities loans, annuities, income from notional principal contracts, loan commitment fees, and other substantially similar income from ordinary and routine investments excluded by section 512(b)(1)$1,236$0
Net rental income or (loss) from real estate
debt-financed property000000$000$0$0
not debt-financed property000000$000$0$0
Net rental income or (loss) from personal property000000$000$0$0
Other investment income000000$000$0$0
Gain or (loss) from sales of assets other than inventory000000$0Gain (or loss, to the extent allowed) from the sale of investments and other non-inventory property and from certain property acquired from financial institutions that are in conservatorship or receivership (sections 512(b)(5) and 512(b)(16)(A))$-1,884$0
Net income or (loss) from special events000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$137,495$0
Gross profit or (loss) from sales of inventory000000$000$0$0
Other revenue000000$0Income from an activity that is not regularly carried on (section 512(a)(1))$15,613$325,000
Information Regarding Taxable Subsidiaries and Disregarded Entities (for 2007)
EIN of corporation, partnership, or disregarded entityPercentage of ownership interestTotal incomeEnd-of-year assets
0%$0$0
0%$0$0
0%$0$0
0%$0$0
Compensation of the Five Highest Paid Employees Other Than Officers, Directors, and Trustees (for 2007)
CompensationContributions to employee benefit plans & deferred compensationExpense account and other allowances
$92,005$20,000$0
$80,850$0$0
$76,125$0$0
$73,500$0$0
$72,000$0$0
Total number of other employees paid over $50,0000
Statements About Activities (for 2007)
Expenses paid or incurred in connection with the lobbying activities$0
Did the organization receive or hold an easement for conservation purposes, including easements to preserve open space, the environment, historic land areas or historic structures?No
Did the organization provide credit counseling, debt management, credit repair, or debt negotiation services?No
Did the organization maintain any donor advised funds?No
Did the organization make any taxable distributions under section 4966?No
Did the organization make a distribution to a donor, donor advisor, or related person?No
The total number of donor advised funds owned at the end of the tax year$0
The aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
The total number of separate funds or accounts owned at the end of the tax year (excluding donor advised funds included above) where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts$0
The aggregate value of assets held in all funds or accounts included above at the end of the tax year$0
Reason for Non-Private Foundation Status
The organization is not a private foundation because it isOrganization that receives a substantial part of its support from a governmental unit or from the general public
Support Schedule
200420052006
Total$3,250,963$5,034,265$4,143,321
Gifts, grants, and contributions received$3,088,515$4,690,624$3,687,818
Membership fees received$0$0$0
Gross receipts from admissions, merchandise sold or services performed, or furnishing of facilities in any activity that is related to the organization's charitable, etc., purpose$132,357$328,292$351,801
Gross income from interest, dividends, amounts received from payments on securities loans (section 512(a)(5)), rents, royalties, and unrelated business taxable income (less section 511 taxes) from businesses acquired by the organization after June 30, 1975$7,385$1,565$3,716
Net income from unrelated business activities not included above$0$0$0
Tax revenues levied for the organization's benefit and either paid to it or expended on its behalf$0$0$0
The value of services or facilities furnished to the organization by a governmental unit without charge. Do not include the value of services or facilities generally furnished to the public without charge$0$0$0
Other income$22,706$13,784$99,986
Lobbying Expenditures by Electing Public Charities (for 2007)
Total exempt purpose expenditures$0
Total lobbying expenditures$0
Total lobbying expenditures to influence public opinion (grassroots lobbying)$0
Total lobbying expenditures to influence a legislative body (direct lobbying)$0
Other exempt purpose expenditures$0
Lobbying nontaxable amount$0
Grassroots nontaxable amount$0
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Organizations performing similar types of work
IdNameAddressStateEstablishedTotal Income
1Isles Inc10 Wood Street, Trenton, NJ 08618-3921NJ1984-04$4,920,529
2Providence Housing Corporation3939 Gentilly Blvd, New Orleans, LA 70126-4858LA1964-08$2,540,437
3Community Neighborhood Housing Services35 Water Street, St Paul, MN 55107-2046MN1983-06$2,002,374
4Housing Oriented Ministries Established For Services Inc, Homes Inc65 Bentley Ave, Whitesburg, KY 41858-7340KY1985-09$1,601,140
5Southern Virginia Development Corporation Inc1781 Greensville County Circle, Emporia, VA 23847-6347VA1995-09$203,852
6Bay View Citizens For Social Justice IncPO BOX 2051, Cheriton, VA 23316-2051VA1998-09$41,272
7Build-Mt Hope Hdfc2003 Walton Avenue, Bronx, NY 10453-4127NY1997-05$11,343,501
8Center For Veterans Issues LimitedPO BOX 80168, Milwaukee, WI 53208-8002WI1992-11$6,134,803
9Mennonite Housing Rehabilatation Services Inc2145 N Topeka St, Wichita, KS 67214-1140KS1978-10$4,092,706
10Holy Name Housing Corporation3014 N 45th St, Omaha, NE 68104-4523NE1983-03$3,762,675
11Neighborhood Housing Services Of Rochester Inc570 South Ave, Rochester, NY 14620-1337NY1981-11$2,671,178
12Chautauqua Home Rehabilitation & Improvement Corp2 Academy St, Mayville, NY 14757-1033NY1978-09$2,494,132
13Eastern West Virginia Community Action Inc401 Maple Ave, Moorefield, WV 26836-1044WV1972-01$2,423,408
14Housing Visions Unlimited Inc1201 E Fayette St, Syracuse, NY 13210-1953NY1992-08$2,103,543
15Fenway Community Development Corp70 Burbank Street, Boston, MA 02115-3630MA$2,025,778
16Restoration Housing Corporation11 New Whitney St, Boston, MA 02115-6276MA1979-10$1,820,921
17Resources For Residents And Communities Of Georgia Inc100 Flat Shoals Ave Se, Atlanta, GA 30316-1337GA1990-07$1,598,589
18Neighborhoods Inc Of Battle Creek47 Washington Ave N, Battle Creek, MI 49037-3025MI1982-10$1,461,041
19Fairmount Housing Corp, Hoberman270 Fairmount Ave, Jersey City, NJ 07306-4712NJ1988-01$11,880
20Bridgeton Housing Development Corp283 Atlantic St, Bridgeton, NJ 08302-2522NJ1990-09$128
Number of organizations performing similar types of work
Alabama2
California12
Colorado2
Connecticut4
District of Columbia3
Delaware1
Florida6
Georgia5
Illinois4
Indiana3
Kansas1
Kentucky3
Louisiana4
Massachusetts10
Maryland4
Michigan11
Minnesota2
Missouri3
North Carolina4
Nebraska2
New Jersey4
New York26
Ohio7
Oklahoma1
Oregon1
Pennsylvania9
Rhode Island1
Tennessee1
Texas6
Virginia3
Wisconsin2
West Virginia1
Total148

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