2024-11-13T11:15:39-06:00 2023-12-31 223271712 MERCADIEN PC PO BOX 7648 PRINCETON NJ 085437648 990 2023-01-01 271568899 ISLES MILL 57 INC ISLE 6093414700 10 WOOD STREET TRENTON NJ 08618 SEAN JACKSON CHIEF EXECUTIVE OFFICER 6093414700 2024-11-13 1 0 LOVEPREET BUTTAR CPA P01329403 6096899700 2024-11-13 2023 2024-10-15 13:58:12Z SEAN JACKSON 10 WOOD STREET TRENTON NJ 08618 4207 0 X WWW.ISLES.ORG X 2009 NJ TO OWN AND DEVELOP VARIOUS REAL ESTATE PROPERTIES FOR ISLES, INC. 2 2 0 2 0 0 0 0 2937 0 110556 4207 -18063 0 95430 4207 0 0 0 0 0 0 0 0 0 32572 160705 32572 160705 62858 -156498 1284750 986582 1016146 874476 268604 112106 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 160705 HOLDING COMPANY FOR REAL ESTATE PROPERTY THAT SUPPORTS ISLES INC.'S TAX EXEMPT PURPOSE 160705 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 0 0 0 0 0 0 0 0 0 0 0 0 X 2 2 0 0 0 0 0 1 0 1 1 0 0 1 1 1 1 1 1 1 1 0 NJ X THE ORGANIZATION 6093414700 10 WOOD STREET TRENTON NJ 08618 JEFFREY STOLLER TRUSTEE 0.50 0.50 X 0 0 0 SEAN CARNEY TRUSTEE 0.50 X 0 0 0 SEAN JACKSON CHIEF EXECUTIVE OFFICER 0.50 40.00 X 0 135016 14396 MICHAEL NORDQUIST MANAGING DIRECTOR 0.50 40.00 X 0 91225 9756 MARTIN JOHNSON EX-OFFICIO 0.50 23.00 X 0 59779 13481 PETER ROSE MANAGING DIRECTOR 0.50 40.00 X 0 89683 17499 JOHN HART CHIEF OPERATING OFFICER 0.50 40.00 X 0 119843 20039 0 495546 75171 0 0 0 0 0 4207 4207 4207 0 0 4207 X 1650 1650 1460 1460 153688 153688 TAXES 3663 3663 LICENSING AND FEES 244 244 160705 160705 0 0 625741 602755 659009 383827 1284750 986582 142791 1121 873355 873355 1016146 874476 X 268604 112106 268604 112106 1284750 986582 -156498 0 X X 0 1 X 0 0 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 383827 383827 DUE TO ISLES, INC. 873355 873355 X PART X, LINE 2: U.S. GAAP REQUIRES MANAGEMENT TO EVALUATE TAX POSITIONS TAKEN BY THE ORGANIZATION AND RECOGNIZE A TAX LIABILITY IF THE ORGANIZATION HAS TAKEN AN UNCERTAIN POSITION THAT MORE LIKELY THAN NOT WOULD NOT BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. MANAGEMENT EVALUATED THE ORGANIZATION'S TAX POSITIONS AND CONCLUDED THAT THE ORGANIZATION HAS TAKEN NO UNCERTAIN TAX POSITIONS THAT REQUIRE ADJUSTMENT TO THE CONSOLIDATED FINANCIAL STATEMENTS TO COMPLY WITH THE PROVISIONS OF THIS GUIDANCE. 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 THE 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 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTING FEES: PROGRAM SERVICE EXPENSES 9,007. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 9,007. ENVIRONMENTAL REMEDIATION FEES: PROGRAM SERVICE EXPENSES 144,681. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 144,681. FORM 990, PART XII, LINE 2C ISLES, INC., AS THE MAIN ENTITY HAS AN AUDIT/FINANCE COMMITEE THAT OVERSEES THIS PROCESS FOR ALL RELATED ENTITIES. 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 1 ISLES E4 INC 10 WOOD STREET TRENTON NJ 08618 270375809 TRAIN INDIVIDUALS TO PERFORM WEATHERIZATION SERVICES TO LOW INCOME HOUSEHOLD NJ 501(C)(3) LINE 11 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 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 1 0 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 ISLES INC E 873355 LOAN MANAGEMENT OF THE ORGANIZATION WAS UNDER THE IMPRESSION THAT THE ORGANIZATION HAD DISSOLVED ALL OPERATIONS AND THEREFORE FILING OF THE RETURN WAS NOT NECESSARY. THE ORGANIZATION ALSO HAD A TRANSITION IN THEIR CPA PREPARER FOR THE YEAR. WHEN THE RELATED ENTITIES' RETURNS WERE FILED, CPA PREPARER ADVISED THE ORGANIZATION TO FILE THE RETURN FOR THIS ORGANIZATION AS A FINAL RETURN HAD NOT PREVIOUSLY BEEN FILED. DUE TO THIS MIS UNDERSTANDING, A TIMELY EXTENSION WAS NOT FILED. HOWEVER, THE RETURN IS BEING FILED PRIOR TO NOVEMBER 15, 2025, THE EXTENDED DUE DATE. THE TAXPAYER HAS A HISTORY OF COMPLIANCE WITH THE TAX LAWS OF THE UNITED STATES OF AMERICA. THERE WAS NO INJURY TO ANY PARTY INVOLVED WITH THE FILING OF THE RETURNS. WE REQUEST ABATEMENT OF ANY PENALTIES THAT MAY HAVE BEEN ENFORCED DUE TO THE LACK OF THE FILING OF THE EXTENSION.