ISLES INC

EIN: 222350832 501(c)(3) Housing & Shelter

TRENTON, NJ

Total Revenue
$10,961,245
Total Expenses
$11,760,372
Total Assets
$25,385,717
Net Assets
$17,781,808
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Financial Trends

Organization Details

Formation Year
1981
Legal Domicile
NJ
Principal Officer
SEAN JACKSON
Phone
6093414700
Tax Period
2023-01-01 to 2023-12-31

ISLES INC, founded in 1981, is a mid-sized nonprofit in the Housing & Shelter sector that reported $11.0M in total revenue in fiscal year 2023. Revenue grew 14% year-over-year, indicating healthy expansion.

Mission

ISLES' MISSION IS TO FOSTER SELF-RELIANT FAMILIES AND HEALTHY, SUSTAINABLE COMMUNITIES, WE DESIGN AND DEVELOP EFFECTIVE SERVICES THAT SUPPORT THIS MISSION AND SHARE WHAT WE LEARN WITH OTHERS WHO CAN MAKE A DIFFERENCE.

Program Service Accomplishments

Program 1
Expenses: $3,045,496 Revenue: $14,656

COMMUNITY PLANNING AND DEVELOPMENT (CP&D) : ISLES COLLABORATES WITH RESIDENTS AND STAKEHOLDERS TO IDENTIFY COMMUNITY CONCERNS AND PRIORITIES CREATE COMMUNITY LED NEIGHBORHOOD PLANS AND SECURE...

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COMMUNITY PLANNING AND DEVELOPMENT (CP&D) : ISLES COLLABORATES WITH RESIDENTS AND STAKEHOLDERS TO IDENTIFY COMMUNITY CONCERNS AND PRIORITIES CREATE COMMUNITY LED NEIGHBORHOOD PLANS AND SECURE RESOURCES TO SUSTAIN NEIGHBORHOOD REVITALIZATION EFFORTS OVER THE LONG TERM. IN ADDITION, ISLES LEADS CITYWIDE RESEARCH AND PLANNING INITIATIVES RELATED TO BLIGHT REDUCTION, CREATIVE PLACEMAKING, AND FOOD SYSTEMS. ISLES ALSO PURCHASES, IMPROVES, AND DEVELOPS REAL ESTATE IN DOWNTOWN TRENTON, AND MANAGES AND MAINTAINS AFFORDABLE HOUSING UNITS TO MODERATE THE MARKET AND ENSURE HEALTHY, SAFE, AFFORDABLE HOUSING REMAINS AVAILABLE FOR LONGTERM RESIDENTS. IN 2023, THIS WORK INCLUDED THE FOLLOWING: PARTNERING WITH TRENTON CITY TO REVITALIZE BUSINESSES AND COMMUNITY THROUGH THE NEIGHBORHOOD PRESERVATION PROGRAM DESIGNED AND INSTALLED NEW SIGNAGE AND SAFETY MEASURES FOR 14 DOWNTOWN BUSINESSES HOSTED OR SUPPORTED 81 COMMUNITY EVENTS. URBAN AGRICULTURE: ISLES SUPPORTS OVER 70 COMMUNITY, SCHOOL, BACKYARD, AND INSTITUTIONAL GARDENS IN 2023, WE: PROVIDED 20+ WORKSHOPS IN GARDENING, NUTRITION, BEEKEEPING, AND COOKING, REACHING MORE THAN 200 YOUTH AND RESIDENTS, AND DONATED MORE THAN 700 LBS OF PRODUCE TO EMERGENCY FOOD SUPPLIERS SUPPORTED OVER 200 GARDENERS IN TRENTON.

Program 2
Expenses: $4,420,349 Revenue: $166,930

ISLES' CENTER FOR ENERGY AND ENVIRONMENTAL TRAINING (CEET): CEET IS A GREEN COLLAR JOB TRAINING FACILITY, TARGETING CAREERS IN ENERGY EFFICIENCY AND ENVIRONMENTAL HEALTH. THIS YEAR, CEET: TRAINED 196...

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ISLES' CENTER FOR ENERGY AND ENVIRONMENTAL TRAINING (CEET): CEET IS A GREEN COLLAR JOB TRAINING FACILITY, TARGETING CAREERS IN ENERGY EFFICIENCY AND ENVIRONMENTAL HEALTH. THIS YEAR, CEET: TRAINED 196 INDIVIDUALS IN ENVIRONMENTAL HEALTH AND ENERGY EFFICIENCY (BOTH VIRTUALLY AND INPERSON) PROVIDED HEALTHY HOMES FOR 68 COMMUNITY HEALTH WORKERS PROVIDED SUPPORT FOR 25 UNEMPLOYED WORKERS TO GET EMPLOYED THROUGH THE CLEAN ENERGY JOBS PROGRAM LEAD SAFETY AND HEALTHY HOMES: ISLES CONTINUED TO PROVIDE RETROFITS TO LOWINCOME HOMES TO IMPROVE ENERGY EFFICIENCY AND REMOVE LEAD, MOLD/MOISTURE, ASTHMA TRIGGERS, FALL AND BURN HAZARDS AND OTHER NEGATIVE INDOOR HEALTH CONDITIONS. IN ADDITION, ISLES CONTINUES TO BE A STRONG ADVOCATE FOR LEAD AND HEALTHY HOMES PUBLIC EDUCATION, POLICY CHANGE AND INCREASED FUNDING FOR REMEDIATION OF LEAD CONTAMINATED HOMES. THIS YEAR, ISLES: CONDUCTED 187 LEAD AND HEALTHY HOMES ASSESSMENTS MADE 68 HOMES LEAD SAFE IMPROVED HEATING SYSTEMS AND ENERGYEFFICIENCY IN OVER 70 HOMES.

Program 3
Expenses: $1,844,170 Revenue: $21,310

SOCIAL PROFIT CENTER AT MILL ONE: IS A HISTORIC FORMER TEXTILE MILL ON THE TRENTON/HAMILTON BORDER THAT ISLES CONVERTED INTO A HIGHPERFORMING, MIXED USE REGIONAL HUB FOR DOZENS OF SOCIAL PROFIT...

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SOCIAL PROFIT CENTER AT MILL ONE: IS A HISTORIC FORMER TEXTILE MILL ON THE TRENTON/HAMILTON BORDER THAT ISLES CONVERTED INTO A HIGHPERFORMING, MIXED USE REGIONAL HUB FOR DOZENS OF SOCIAL PROFIT ORGANIZATIONS. THE CENTER FOSTERS A COLLABORATIVE ENVIRONMENT FOR ORGANIZATIONS TO THRIVE AND FIND NEW WAYS TO STRENGTHEN COMMUNITIES THROUGH CAPACITY BUILDING PROGRAMMING AND TECHNICAL ASSISTANCE. IN 2023, WE: SECURED 34 TENANTS INCLUDING NON PROFIT AND FOR PROFIT COMPANIES REPRESENTING 94% OCCUPANCY CURRENTLY HOST MONTHLY MEETINGS AND QUARTERLY MIXERS WITH TENANTS TO FOSTER A COLLABORATIVE ENVIRONMENT.

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

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Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $10,233,358
Program Service Revenue $202,896
Investment Income $421,473
Other Revenue $103,518
TOTAL REVENUE $10,961,245

Expense Breakdown

Grants Paid $359,501
Salaries & Benefits $6,424,877
Fundraising Expenses $289,792
Program Expenses $10,613,791
Other Expenses $4,975,994
TOTAL EXPENSES $11,760,372

Year-over-Year Comparison

2023 2022 Change
Revenue $10,961,245 $9,600,432 +0.1%
Expenses $11,760,372 $10,171,216 +0.2%
Net Income $-799,127 $-570,784 +0.4%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
12
Independent Members
12
Employees
164
Volunteers
97

Governance Policies

Conflict of Interest Policy
Whistleblower Policy
Document Retention Policy

Special Practices & Reported Activities

Operated a School
Operated a Hospital
Provided First Class Travel
Reported Conflict of Interest
Reported Asset Diversion
Excess Benefit Transaction
Made Political Expenditures
Engaged in Lobbying
Operated Donor Advised Fund
Maintained Art Collections
Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers
9
$570,717
Total Directors
12
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
RUKIYA BLACKWELL ESQ CHAIRPERSON 1.00
Officer Director
$0 $0 $0
TIM MANAHAN VICE CHAIR 1.00
Officer Director
$0 $0 $0
RONALD STARK TREASURER 1.00
Officer Director
$0 $0 $0
AUSTIN EDWARDS ESQ TRUSTEE 0.50
Director
$0 $0 $0
STEPHEN R LONGLEY TRUSTEE 0.50
Director
$0 $0 $0
KAREN MCGUINNESS TRUSTEE 0.50
Director
$0 $0 $0
MICHAEL MCGUINNESS TRUSTEE 0.50
Director
$0 $0 $0
HEMANSHU PANDYA TRUSTEE 0.50
Director
$0 $0 $0
JEFFREY STOLLER TRUSTEE 0.50
Director
$0 $0 $0
MATTHEW WASSERMAN TRUSTEE 0.50
Director
$0 $0 $0
CAROLYN HOENISCH TRUSTEE 0.50
Director
$0 $0 $0
LIZ LEMPERT TRUSTEE 0.50
Director
$0 $0 $0
SEAN JACKSON CHIEF EXECUTIVE OFFICER/EX-OFFICIO 40.00
Officer
$135,016 $14,396 $149,412
JOHN HART CHIEF OPERATING OFFICER 32.00
Officer
$119,843 $20,039 $139,882
MICHAEL NORDQUIST MANAGING DIRECTOR 40.00
Officer
$91,225 $9,756 $100,981
PETER ROSE MANAGING DIRECTOR 40.00
Officer
$89,683 $17,499 $107,182
CHRIS LEWIS SECRETARY 1.00
Officer
$0 $0 $0
MARTIN JOHNSON TRUSTEE 0.50
Officer
$59,779 $13,481 $73,260
Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year Revenue Expenses Assets Net Income
2024 No data No data No data No data
2023 $10,961,245 $11,760,372 $25,385,717 $-799,127
2022 $9,600,432 $10,171,216 $24,983,802 $-570,784
2021 $9,864,108 $7,429,214 $25,476,363 $2,434,894
2020 $6,123,260 $6,080,097 $25,840,563 $43,163
2019 $6,699,722 $5,574,054 $26,489,916 $1,125,668
2018 $5,023,968 $4,785,644 $19,876,349 $238,324
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