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 Period12/2011
Assets$10,000,000 to $49,999,999
Income$5,000,000 to $9,999,999
Filing Requirement990 (all other) or 990EZ return
Asset Amount$12,870,235
Amount of Income$6,899,330
Form 990 Revenue Amount$6,780,830
National Taxonomy of Exempt Entities (NTEE)Housing, Shelter: Housing Rehabilitation


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Amount of income in 2011: $6,899,330
This organization: 

 $6,899,330
Other organizations performing similar types of work: 

 $344,100

Assets in 2011: $12,870,235
Isles Inc: 

 $12,870,235
Other organizations performing similar types of work: 

 $828,523

Expenses in 2007: $4,192,044
This organization: 

 $4,192,044
Other organizations performing similar types of work: 

 $1,387,784

Income to expenses ratio in 2007: 1.2
This organization: 

 1.2
Other organizations performing similar types of work: 

 1.2

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 2007: 44
Isles Inc: 

 44
Other organizations performing similar types of work: 

 9

Employees paid over $50,000 in 2007: 13.6%
Isles Inc: 

 13.6%
Other organizations performing similar types of work: 

 13.6%

Grants share in income in 2007: 87.5%
This organization: 

 87.5%
Other organizations performing similar types of work: 

 76.4%

Financial snapshot ($)

Revenue for 2007

Assets at end of 2007

Expenses for 2007

Functional Expenses for 2007 ($)

Income-Producing Activities for 2007

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
Enter the total number of donor advised funds owned at the end of the tax year$0
Enter the aggregate value of assets held in all donor advised funds owned at the end of the tax year$0
Enter 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
Enter 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$6,899,330
2Providence Housing Corporation3939 Gentilly Blvd, New Orleans, LA 70126-4858LA1964-08$2,542,702
3Community Neighborhood Housing Services35 Water Street, St Paul, MN 55107-2046MN1983-06$1,355,546
4Housing Oriented Ministries Established For Services Inc, Homes Inc65 Bentley Ave, Whitesburg, KY 41858-7340KY1985-09$1,300,075
5Bay View Citizens For Social Justice IncPO BOX 527, Cheriton, VA 23316-0527VA1998-09$934,663
6Southern Virginia Development Corporation Inc1781 Greensville County Circle, Emporia, VA 23847-6347VA1995-09$465,050
7Build-Mt Hope Hdfc2003 Walton Avenue, Bronx, NY 10453-4127NY1997-05$11,343,501
8Holy Name Housing Corporation3014 N 45th St, Omaha, NE 68104-4523NE1983-03$4,828,873
9Center For Veterans Issues Limited, C-O Thomas H Wynn SrPO BOX 80168, Milwaukee, WI 53208-8002WI1992-11$4,543,127
10Mennonite Housing Rehabilatation Services Inc2145 N Topeka St, Wichita, KS 67214-1140KS1978-10$4,227,550
11Eastern West Virginia Community Action Inc401 Maple Ave, Moorefield, WV 26836-1044WV1972-01$2,880,085
12Chautauqua Home Rehabilitation & Improvement Corp2 Academy Street, Mayville, NY 14757-1033NY1978-09$2,614,403
13Fenway Community Development Corp70 Burbank Street, Boston, MA 02115-3630MA$2,180,216
14Neighborhood Housing Services Of Rochester Inc570 South Ave, Rochester, NY 14620-1337NY1981-11$1,882,068
15Restoration Housing Corporation11 New Whitney St, Boston, MA 02115-6276MA1979-10$1,721,069
16Housing Association And Development Corp513 W Chew St 515, Allentown, PA 18102-3315PA1986-09$1,671,955
17Neighborhoods Inc Of Battle Creek47 Washington Ave N, Battle Creek, MI 49037-3025MI1982-10$1,440,124
18197-201 Roebling Street Housing Development Fund Corporation213 S 4th St, Brooklyn, NY 11211-5605NY1989-12$1,260,398
19Family Transitional Housing Inc3135 Lorain Ave, Cleveland, OH 44113-3407OH1989-05$1,259,790
20Resources For Residents And Communities Of Georgia Inc100 Flat Shoals Ave Se, Atlanta, GA 30316-1337GA1990-07$1,185,541
21Rebuilding Together Montgomery County Inc3925 Plyers Mill Rd Ste 202, Kensington, MD 20895-2039MD1990-11$1,084,232
22Corporation For Urban Home Ownership Of New HavenPO BOX 4, New Haven, CT 06513-0004CT1982-05$1,043,958
23Northern California Community Development907 W Tennyson Rd, Hayward, CA 94544-5114CA1996-06$943,953
24Peoples Redevelopment Corporation200 Gordon Avenue, Providence, RI 02905-1840RI1972-08$908,899
25Housing Visions Unlimited Inc1201 E Fayette St, Syracuse, NY 13210-1953NY1992-08$878,406
26Albina Community Development CorporationPO BOX 12309, Portland, OR 97212-0309OR1946-03$868,099
27Aurora Housing Corporation2280 S Xanadu Way, Aurora, CO 80014-1331CO1987-01$854,851
28Millbrook Homes Inc750 Bethesda Rd, Winston Salem, NC 27103-3302NC1996-12$822,807
29Fairmount Housing Corp, Hoberman270 Fairmount Ave, Jersey City, NJ 07306-4712NJ1988-01$462,641
30Bridgeton Housing Development Corp283 Atlantic St, Bridgeton, NJ 08302-2522NJ1990-09$128
Number of organizations performing similar types of work
Alabama2
California13
Colorado2
Connecticut4
District of Columbia3
Delaware1
Florida6
Georgia6
Illinois4
Indiana3
Kansas1
Kentucky3
Louisiana4
Massachusetts10
Maryland4
Michigan11
Minnesota2
Missouri4
North Carolina5
Nebraska2
New Jersey4
New York26
Ohio7
Oklahoma1
Oregon1
Pennsylvania9
Rhode Island1
Tennessee1
Texas6
Virginia3
Wisconsin2
West Virginia1
Total152

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