2023-11-09T14:47:23-06:00 2022-12-31 410746749 CLIFTONLARSONALLEN LLP 293 EISENHOWER PARKWAY 2ND FLOOR LIVINGSTON NJ 07039 990 2022-01-01 271568899 ISLES MILL 57 INC ISLE 6093414700 10 WOOD STREET TRENTON NJ 08618 JOHN HART COO 6093414700 2023-11-09 1 JOHN HART 999009999 0 TARA DEL GAVIO P02438051 9739949494 2023-11-09 3 AAL1 IAL1 2022 2023-04-26 12:10:37Z JOHN HART 10 WOOD STREET TRENTON NJ 08618 1516333 0 X WWW.ISLES.ORG X 2009 NJ TO OWN AND DEVELOP VARIOUS REAL ESTATE PROPERTIES FOR ISLES, INC. 4 1 0 0 98869 16655 0 0 45405 2937 0 110556 -52383 -18063 -6978 95430 0 0 0 0 0 0 0 0 0 42095 32572 42095 32572 -49073 62858 1514091 1284750 1352050 1016146 162041 268604 AS A 100% CONTROLLED AFFILIATE OF ISLES, INC., ISLES MILL 57 WAS ORGANIZED TO OWN TITLE TO REAL ESTATE PROPERTY FOR ISLES, INC.'S PROGRAM FOR COMMUNITY REAL ESTATE DEVELOPMENT. 0 0 32572 2937 HOLDING COMPANY FOR REAL ESTATE PROPERTY THAT SUPPORTS ISLES INC.'S TAX EXEMPT PURPOSE. 32572 1 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 1 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 X 4 1 0 0 0 0 0 1 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 JOHN HART CHIEF OPERATING OFFICER & 0.50 40.00 X X 0 111753 10231 JEFF STOLLER TRUSTEE 0.50 0.50 X 0 0 0 SEAN CARNEY TRUSTEE 0.50 X 0 0 0 MICHAEL NORDQUIST MANAGING DIRECTOR 0.50 40.00 X X 0 85570 2760 MARTIN JOHNSON EX-OFFICIO 0.50 23.00 X 0 57619 9418 SEAN JACKSON CHIEF EXECUTIVE OFFICER 0.50 40.00 X 0 134135 4284 PETER ROSE MANAGING DIRECTOR 0.50 40.00 X 0 84359 10524 0 473436 37217 0 0 0 0 0 CLEAN AND GREEN 110000 1602 1602 URBAN AGRICULTURE 110000 1335 1335 2937 2981 2981 10415 28478 -18063 -18063 -18063 1500000 1392425 107575 107575 116932 -9357 95430 2937 98869 -6376 2442 2442 SETTLEMENT CHARGES 24856 24856 LICENSING AND BANK FEES 5274 5274 32572 32572 0 0 414197 625741 0 1099894 0 659009 1514091 1284750 29262 142791 734721 588067 873355 1352050 1016146 X 162041 268604 162041 268604 1514091 1284750 X 62858 43705 X X 0 1 X 1 1 1 X X X 1 ISLES INC 222350832 10 1 0 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 ESCROW 659009 659009 DUE TO RELATED PARTY(IES) 873355 873355 X PART X, LINE 2: THE INTERNAL REVENUE SERVICE HAS RECOGNIZED ISLES MILL 57, INC. AS TAX EXEMPT UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE. 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 2022 AND 2021. AT DECEMBER 31, 2022 AND 2021, THERE ARE NO SIGNIFICANT INCOME TAX UNCERTAINTIES. JULIA STOLLER SHE IS THE WIFE OF BOARD MEMBER JEFF STOLLER EMPLOYEE 0 FORM 990, PART VI, SECTION A, LINE 7A THE GOVERNING BOARD OF ISLES INC. ELECTS THE GOVERNING BOARD OF THE ORGANIZATION. FORM 990, PART VI, SECTION B, LINE 11B FORM 990 IS PROVIDED TO THE BOARD FOR REVIEW AND APPROVAL BEFORE IT IS FILED. 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 CONFLICTS OF INTEREST POLICY, B. HAS READ AND UNDERSTANDS THE POLICY, C. HAS AGREED TO COMPLY WITH THE POLICY, AND D. UNDERSTANDS THAT ISLES, INC. AND SUBSIDIARIES ARE NON-PROFIT ORGANIZATIONS AND THAT IN ORDER TO MAINTAIN THEIR FEDERAL TAX EXEMPTION THEY MUST ENGAGE PRIMARILY IN ACTIVITIES WHICH ACCOMPLISH ONE OR MORE OF THEIR TAX-EXEMPT PURPOSES. FORM 990, PART VI, SECTION B, LINE 15 THE PROCESS FOR DETERMINING COMPENSATION INVOLVES AN ANNUAL REVIEW OF THE INDIVIDUAL'S PERFORMANCE AND COMPARISON OF PRESENT COMPENSATION TO MARKET DATA. FORM 990, PART VI, SECTION C, LINE 18 THE ORGANIZATION MAKES ITS FORM 1023 AND FORM 990 AVAILABLE FOR PUBLIC INSPECTION UPON REQUEST. FORM 990 IS ALSO AVAILABLE AT GUIDESTAR.ORG. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: BAD DEBT RECOVERY 43,705. FORM 990, PART XII, LINE 2C: THE OVERSIGHT PROCESS HAS NOT CHANGED FROM THE PRIOR YEAR. ISLES INC 10 WOOD STREET TRENTON NJ 08618 222350832 PROVIDES HOUSING, GARDENING, RECREATION AND ENVIRONMENTAL EDUCATION NJ 501(C)(3) LINE 7 N/A 0 ISLES COMMUNITY FOUNDATION 10 WOOD STREET TRENTON NJ 08618 371420125 MANAGING INVESTMENT ACTIVITIES; SUPPORTING ORGANIZATION FOR ISLES, INC. NJ 501(C)(3) LINE 12D, III-O ISLES INC 0 ISLES E4 INC 10 WOOD STREET TRENTON NJ 08618 270375809 TRAIN INDIVIDUALS TO PERFORM WEATHERIZATION SERVICE TO LOW INCOME HOUSEHOLDS NJ 501(C)(3) LINE 11 ISLES INC 0 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 0 ISLES COMMUNITY ENTERPRISES 10 WOOD STREET TRENTON NJ 08618 262483265 PROVIDES EDUCATION, TRAINING, AND FINANCING TO DISTRESSED COMMUNITIES NJ 501(C)(3) LINE 11 ISLES INC 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 ISLES INC E 873355 LOAN