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Nonprofiteer
← PROJECT RETURN INC

Form 990 for tax year 2023

Filed by PROJECT RETURN INC.

Totals

Total revenue
$6,292,553
Total expenses
$6,850,380
Contributions and grants received
$4,126,515
Grants paid
$361,628
Program service revenue
$2,123,424
Investment income
$7,569
Other revenue
$35,045
Total assets, end of year
$9,242,533
Total liabilities, end of year
$3,588,410
Net assets or fund balances, end of year
$5,654,123
Program services expenses (Part IX)
$4,628,141
Management and general expenses
$2,027,681
Fundraising expenses
$194,558
Program service expenses (Part III)
$4,628,141

Program services were 67.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1a · Federated campaigns

    $175,000

  • 1c · Fundraising events

    $21,645

  • 1e · Government grants (contributions)

    $2,905,994

  • 1f · All other contributions, gifts and grants

    $1,023,876

  • 2a · Program service revenue: TRANSITIONAL JOBS PROGRAM

    total $2,060,477 · related or exempt $2,060,477

  • 2b · Program service revenue: PRO HOUSING

    total $62,947 · related or exempt $62,947

  • 3 · Investment income

    total $7,569 · excluded $7,569

  • 8a · Fundraising events: contributions included on line 1c

    $21,645

  • 8b · Fundraising events: direct expenses

    $5,866

  • 8c · Net income from fundraising events

    total -$5,866

  • 11a · Other revenue: MISCELLANEOUS

    total $40,911 · related or exempt $40,911

  • 11e · Other revenue, total

    $40,911

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $361,628 · program services $361,628

  • 5 · Compensation of officers, directors and key employees

    total $267,528 · program services $212,965 · management and general $45,009 · fundraising $9,554

  • 7 · Other salaries and wages

    total $3,349,779 · program services $2,666,577 · management and general $563,564 · fundraising $119,638

  • 9 · Other employee benefits

    total $714,261 · program services $490,688 · management and general $193,349 · fundraising $30,224

  • 10 · Payroll taxes

    total $291,570 · program services $229,778 · management and general $51,914 · fundraising $9,878

  • 11g · Fees: other

    total $248,442 · program services $44,938 · management and general $195,769 · fundraising $7,735

  • 13 · Office expenses

    total $101,071 · program services $6,726 · management and general $88,076 · fundraising $6,269

  • 16 · Occupancy

    total $383,807 · program services $120,137 · management and general $263,670

  • 17 · Travel

    total $72,454 · program services $39,743 · management and general $28,535 · fundraising $4,176

  • 20 · Interest

    total $162,678 · program services $99,693 · management and general $62,985

  • 22 · Depreciation, depletion and amortization

    total $392,402 · management and general $392,402

  • 23 · Insurance

    total $163,770 · program services $123,828 · management and general $34,764 · fundraising $5,178

  • 24a · Other expenses: EQUIPMENT RENTAL/MAINT

    total $147,363 · program services $121,896 · management and general $25,467

  • 24b · Other expenses: PROGRAM SUPPLIES

    total $70,066 · program services $59,971 · management and general $10,095

  • 24c · Other expenses: TELECOMMUNICATIONS

    total $43,572 · program services $17,949 · management and general $25,623

  • 24d · Other expenses: TAXES & FEES

    total $28,974 · program services $17,693 · management and general $11,281

  • 24e · All other expenses

    total $51,015 · program services $13,931 · management and general $35,178 · fundraising $1,906

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $281,569 · end of year $158,934

  • 2 · Savings and temporary cash investments

    beginning of year $174,052 · end of year $42,748

  • 3 · Pledges and grants receivable

    beginning of year $147,051 · end of year $781,448

  • 4 · Accounts receivable

    beginning of year $887,214 · end of year $396,860

  • 8 · Inventories for sale or use

    beginning of year $75,308 · end of year $156,966

  • 9 · Prepaid expenses and deferred charges

    beginning of year $10,654 · end of year $12,314

  • 10a · Land, buildings and equipment: cost or other basis

    $8,928,087

  • 10b · Land, buildings and equipment: accumulated depreciation

    $1,317,243

  • 10c · Land, buildings and equipment, net

    beginning of year $7,955,899 · end of year $7,610,844

  • 11 · Investments: publicly traded securities

    beginning of year $50,020 · end of year $82,419

  • 17 · Accounts payable and accrued expenses

    beginning of year $232,708 · end of year $340,470

  • 23 · Secured mortgages and notes payable

    beginning of year $2,825,769 · end of year $3,247,940

  • 27 · Net assets without donor restrictions

    beginning of year $6,136,198 · end of year $5,439,746

  • 28 · Net assets with donor restrictions

    beginning of year $387,092 · end of year $214,377

Mission and programs · 2023

Mission

PEOPLE WHO HAVE JUST BEEN RELEASED FROM PRISON ARE TYPICALLY STIGMATIZED, OVERLOOKED, AND PIGEONHOLED BY SOCIETY. WHEN THEY WALK INTO PROJECT RETURN, THEY DISCOVER THAT HERE THEY ARE VALUED, HEARD, AND ENCOURAGED. WHILE REDUCTION OF INCARCERATION AND OTHER CRIMINAL JUSTICE REFORM CONTINUES TO ELUDE THE U.S., PROJECT RETURN SERVES AS PART OF THE SOLUTION. PROJECT RETURN IS SOLELY DEDICATED TO THE SUCCESSFUL NEW BEGINNINGS OF PEOPLE RETURNING TO OUR COMMUNITY AFTER INCARCERATION. NOW IN ITS 45TH YEAR OF SERVICE TO TENNESSEE, PROJECT RETURN PROVIDES REENTRY ASSISTANCE, INCLUDING WORKFORCE DEVELOPMENT, TO HUNDREDS OF MEN AND WOMEN EACH YEAR. WE PLACE EMPLOYMENT AT THE CORE OF OUR WORK, BECAUSE IT IS THE BEST PREDICTOR OF A SUCCESSFUL FUTURE FOR THE PEOPLE WE SERVE, AND ALL OF OUR PROGRAM SERVICES AND BUSINESS DEVELOPMENT ARE WOVEN TOGETHER TO ENSURE MAXIMAL EMPLOYMENT OPPORTUNITY. THE MISSION OF PROJECT RETURN IS TO PROVIDE SERVICES AND CONNECT PEOPLE WITH RESOURCES NEEDED TO RETURN SUCCES

  • JOB READINESS PROGRAM AND WRAPAROUND SERVICES: EVERY WEEK, PROJECT RETURN CONDUCTS A 2.5-DAY COURSE THAT EQUIPS OUR PARTICIPANTS WITH THE SOFT SKILLS NEEDED TO BE SUCCESSFUL IN THE WORKPLACE. FOR PEOPLE BEING RELEASED FROM PRISON AND RETURNING TO THE COMMUNITY, THIS PROGRAM PROVIDES SKILLS, INDIVIDUALIZED SUPPORT, AND OPORTUNITIES TO FIND AND KEEP A JOB. OUR CURRICULUM INCORPORATES FINANCIAL LITERACY, RELAPSE PREVENTION, AND DIGITAL LITERACY. COMPLETION OF OUR JOB READINESS CLASSES LEADS TO A STRUCTURED DAY OF INDIVIDUALIZED ASSISTANCE, INCLUDING RESUME DEVELOPMENT, MOCK INTERVIEWING, AND JOB SEARCH PLANNING. DURING CLASS COMPLETION DAY, PROJECT RETURN STAFF EVALUATES AND ADDRESS PARTICIPANTS' IMMEDIATE, CRITICAL NEEDS, PROVIDING WRAPAROUND SUPPORTIVE SERVICES SUCH AS: PURCHASING BIRTH CERTIFICATES AND PHOTO IDS; HOUSING ASSISTANCE IN THE FORM OF REFERRALS AND STIPENDS; PAYING FOR MEDICAL, DENTAL, AND VISION EXAMS; BUS PASSES AND FOOD BAGS; AND TOOLS AND CLOTHING FOR WORK. ADDITIONAL PROGRAMS AT PROJECT RETURN INCLUDE CHILD SUPPORT SERVICES, JOB RETENTION SERVICES, HARD SKILLS TRAINING COURSES, AND AN ENTREPRENEURSHIP PROGRAM.

    Expenses $2,869,448 · Grants $361,628

  • PRO HOUSING: THE TYPICAL HOUSING TRAJECTORY WE SEE FOR OUR PEOPLE IS THAT THEY ARE FORTUNATE TO RESIDE IN TEMPORARY HOUSING FOR THE FIRST FEW MONTHS OF THEIR RELEASE, BUT IT EVENTUALLY COMES TO AN END AND THEY MUST LOOK FOR AFFORDABLE RENTAL OPPORTUNITIES. DESPITE THE FACT THAT THESE INDIVIDUALS EARN SATISFACTORY WAGES AND ARE RELIABLE TAXPAYERS IN OUR COMMUNITY, STIGMA OFTEN LEADS TO EXCLUSION FROM THE PRIVATE MARKET, AS LANDLORDS ARE FREE TO USE CONVICTION HISTORY AS A BASIS FOR REJECTING THEIR APPLICATIONS. IT CAN BE PRACTICALLY IMPOSSIBLE FOR THEM TO GET ON A LEASE, DESPITE THEIR STEADY INCOME, SOLID REFERENCES, CAREFUL FINANCIAL MANAGEMENT, AND OVERALL WHEREWITHAL. ADDITIONALLY, RESEARCH SHOWS THAT THOSE WHO HAVE BEEN TO PRISON JUST ONCE EXPERIENCE HOMELESSNESS AT A RATE 7 TIMES HIGHER THAN THE GENERAL PUBLIC, WHILE THOSE WHO HAVE BEEN INCARCERATED MULTIPLE TIMES EXPERIENCE HOMELESSNESS AT A RATE 13 TIMES HIGHER THAN THOSE WHO HAVEN'T BEEN INCARCERATED AT ALL. RECOGNIZING THIS SEVERE NEED FOR ACCESSIBLE AFFORDABLE RENTAL HOUSING FOR PEOPLE WITH A CONVICTION HISTORY, AND FOLLOWING THE SUCCESS OF PROE PROJECT RETURN LAUNCHED ITS SECOND SOCIAL ENTERPRISE, PROH (PROJECT RETURN OPPORTUNITIES FOR HOUSING), IN 2017. THROUGH PROH, PROJECT RETURN ACQUIRES AND REHABS MODEST, SCATTERED-SITE (ANTI-ENCLAVE), MULTI-FAMILY PROPERTIES, WHICH ARE AVAILABLE TO RENT FOR THOSE WHO HAVE COME THROUGH PROJECT RETURN'S PROGRAMS. SINCE LAUNCH IN 2017, PROJECT RETURN HAS PURCHASED AND REHABBED 32 UNITS (DUPLEXES AND TRIPLEXES) IN SITES SCATTERED ACROSS NASHVILLE FOR RENT TO PEOPLE WHO ARE LEADING SUCCESSFUL NEW LIVES AFTER INCARCERATION. SPEAKING TO THE SUCCESS OF PROH, RECIDIVISM RATES OF OUR PROH TENANTS IS 3% AFTER SIX YEARS OF OPERATION. BY PROVIDING SAFE, STABLE, PERMANENT HOUSING, INDIVIDUALS CAN LEAD PRODUCTIVE, SUCCESSFUL LIVES AND LEAVE PRISON BEHIND.

    Expenses $138,844 · Revenue $62,947

  • PRO EMPLOYMENT (PROE) AND PRO PROPERTY SOLUTIONS (PROPS): DESPITE INCREASING AWARENESS AND WILLINGNESS OF EMPLOYERS TO HIRE PEOPLE WITH CONVICTION HISTORIES, THERE IS STILL TREMENDOUS RELUCTANCE TO HIRE PEOPLE IMMEDIATELY AFTER THEIR RELEASE FROM INCARCERATION. PROJECT RETURN OFFERS INNOVATIVE, EMPLOYMENT-CREATING SOCIAL ENTERPRISES AS A SOLUTION. PROE (PROJECT RETURN OPPORTUNITIES FOR EMPLOYMENT), LAUNCHED IN 2013, FUNCTIONS AS A TRANSITIONAL JOBS PROGRAM THAT BRIDGES THE GAP BETWEEN INCARCERATION AND EMPLOYMENT. THROUGH PROE, PROJECT RETURN HIRES ELIGIBLE PARTICIPANTS TEMPORARILY AND PLACES THEM IN JOBS ON THE WORKSITES OF PARTNERING EMPLOYERS. THOSE COMPANIES GAIN MUCH-NEEDED WORKERS, WHILE PROJECT RETURN'S MOTIVATED JOB SEEKERS GAIN AN IMMEDIATE INCOME AND VALUABLE WORK EXPERIENCE, PROPELLING THEM INTO LONG-TERM EMPLOYMENT. PROJECT RETURN OUTFITS THEM FOR THE JOB, AND PROVIDES TRANSITIONAL EMPLOYEES WITH JOB COACHING, TRAINING, TRANSPORTATION, AND WRAPAROUND SUPPORT. PROE'S SUCCESS AND OUR DESIRE TO EXPAND ON OUR IMMEDIATE EMPLOYMENT OPPORTUNITIES FOR PARTICIPANTS LED TO THE CREATION OF ANOTHER SOCIAL ENTERPRISE, PRO PROPERTY SOLUTIONS (PROPS). LAUNCHED IN JANUARY 2019, PROPS IS A PROPERTY MAINTENANCE COMPANY THAT OFFERS GROUNDSKEEPING AND COMMERCIAL CLEANING SERVICES, AS WELL AS FACILITY MAINTENANCE AND MAKE-READY SERVICES, AND PROPERTY DECONSTRUCTION. WITH THIS ENTERPRISE, WE CREATE MORE EMPLOYMENT AND HARD SKILLS OPPORTUNITIES FOR OUR PEOPLE, ALL THE WHILE GENERATING EARNED INCOME TO SUPPORT OUR OVERALL AGENCY BUDGET. THROUGH PROPS AND PROE, OUR PARTICIPANTS GAIN REAL-WORLD WORK EXPERIENCE ON THE JOB, AS WELL AS OUR INDIVIDUALIZED COACHING AND FEEDBACK, TRANSPORTATION, AND OTHER CRITICAL ASSISTANCE, AND PROJECT RETURN GENERATES EARNED INCOME FOR THE OPERATION AND GROWTH OF THESE EMPLOYMENT-CREATING SOCIAL ENTERPRISES. BETWEEN PROE AND PROPS, WE'VE EMPLOYED OVER 2,500 PEOPLE IMMEDIATELY AFTER PRISON.

    Expenses $1,619,849 · Revenue $2,060,477

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Charles Story

    PRESIDENT

    Total calculated
    $0
    Hours/week
    0.5
  • Kelly Harter

    VICE PRESIDE

    Total calculated
    $0
    Hours/week
    0.5
  • Ike Nwaelele

    TREASURER

    Total calculated
    $0
    Hours/week
    0.5
  • Bernard Turner

    SECRETARY

    Total calculated
    $0
    Hours/week
    0.5
  • Elaina Al-Nimri

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Bob Brewer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Dustin Carlton

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Mark Epps

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Mark Fleming

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Malcolm Harris

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Ginny Burnett

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Edwin Sanders

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Cathy Spencer

    BOARD MEMBER

    Total calculated
    $0
    Hours/week
    0.5
  • Elizabeth Hayes

    COO

    Total calculated
    $135,494
    From this org
    $117,802
    From related orgs
    $0
    Other
    $17,692
    Hours/week
    40
  • Rico X

    CEO

    Total calculated
    $100,000
    From this org
    $100,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.

Grants on this return

No itemized grants to organizations on this return.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • INNOVESTMENTS LLC

    REAL ESTAT · TN · income $462,208 · assets $4,227,356

    Directly controlled by PROJ RETRN

Provenance

Return type
form_990
Tax year
2023
Filed
15 May 2025
IRS schema version
2023v6.0
Source object
202521359349311222

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