Nonprofit · EIN 62-1058325
PROJECT RETURN INC
Tax-exempt · NASHVILLE, TN 37210
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| June 30, 2025 | 990 | $4,896,194 | $5,270,091 | -$373,897 | $9,720,510 | $4,456,441 | $5,264,069 |
| June 30, 2024 | 990 | $6,292,553 | $6,850,380 | -$557,827 | $9,242,533 | $3,588,410 | $5,654,123 |
| June 30, 2023 | 990 | $7,796,709 | $7,472,033 | $324,676 | $9,581,767 | $3,058,477 | $6,523,290 |
Financial details: 990 for the year ended June 30, 2025
Revenue
- Contributions, gifts and grants
- $3,470,358
- of which government grants
- $2,406,767
- Program service revenue
- $1,366,999
- Investment income
- $9,276
- Net rental income
- $25,951
- Net gain from sales of assets
- $8,891
- Other revenue
- $49,561
Expenses
- Grants and similar amounts paid
- $199,470
- Compensation of officers, directors and key employees
- $349,117
- Other salaries and wages
- $2,178,181
- Salaries, compensation and benefits (total)
- $3,230,998
- Professional fundraising fees
- $0
- Legal fees
- $1,305
- Accounting fees
- $81,590
- Occupancy
- $231,942
- Travel
- $13,430
- Depreciation
- $438,392
- Program services (functional)
- $3,350,309
- Management and general (functional)
- $1,776,205
- Fundraising (functional)
- $143,577
Balance sheet and other
- Total assets, start of year
- $9,242,533
- Total assets, end of year
- $9,720,510
- Total liabilities, end of year
- $4,456,441
- Net assets, end of year
- $5,264,069
- Land, buildings and equipment
- $8,000,524
- Net assets without donor restrictions
- -$1,692,364
- Net assets with donor restrictions
- $6,956,433
- Gross receipts
- $4,896,194
- Employees
- 300
- Volunteers
- 20
- Year formed
- 1979
- State of legal domicile
- TN
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended June 30, 2025, highest compensation first.
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| RICO X | CEO Officer | 40 | $153,334 | $0 |
| ELIZABETH HAYES | COO Officer | 40 | $117,727 | $17,188 |
| ROSALIE RUSSO | CFO Officer | 40 | $60,867 | $0 |
| KELLY HARTER | PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| VIRGINIA BURNETT | VICE PRESIDENT Trustee or director, Officer | 1 | $0 | $0 |
| BOB BREWER | TREASURER Trustee or director, Officer | 1 | $0 | $0 |
| BERNARD TURNER | SECRETARY Trustee or director, Officer | 1 | $0 | $0 |
| DUSTIN CARLTON | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| ALONZO CHEEKS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK EPPS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MARK FLEMING | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| MALCOLM HARRIS | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| IKE NWAELELE | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CATHY SPENCER | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
| CHARLES STORY | BOARD MEMBER Trustee or director | 1 | $0 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| KURT WESTGARD | BOARD MEMBER Trustee or director | 1 | $0 |
990 for the year ended June 30, 2024: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH HAYES | COO Officer | 40 | $117,802 | $17,692 |
| RICO X | CEO Officer | 40 | $100,000 | $0 |
| CHARLES STORY | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| KELLY HARTER | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 | $0 |
| IKE NWAELELE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| BERNARD TURNER | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| ELAINA AL-NIMRI | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| BOB BREWER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DUSTIN CARLTON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MARK EPPS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MARK FLEMING | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MALCOLM HARRIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| GINNY BURNETT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| EDWIN SANDERS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CATHY SPENCER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
990 for the year ended June 30, 2023: 15 people
| Name | Title | Hours / week | Compensation | Other / benefits |
|---|---|---|---|---|
| ELIZABETH HAYES | COO Officer | 40 | $110,896 | $12,424 |
| CHARLES STORY | PRESIDENT Trustee or director, Officer | 0.5 | $0 | $0 |
| KELLY HARTER | VICE PRESIDE Trustee or director, Officer | 0.5 | $0 | $0 |
| IKE NWAELELE | TREASURER Trustee or director, Officer | 0.5 | $0 | $0 |
| BERNARD TURNER | SECRETARY Trustee or director, Officer | 0.5 | $0 | $0 |
| ELAINA AL-NIMRI | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| BOB BREWER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| DUSTIN CARLTON | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MARK EPPS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MARK FLEMING | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| MALCOLM HARRIS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| GINNY BURNETT | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| EDWIN SANDERS | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| CATHY SPENCER | BOARD MEMBER Trustee or director | 0.5 | $0 | $0 |
| RICO X | CEO Officer | 40 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 109 LAFAYETTE ST, NASHVILLE, TN 37210-3432
- Principal officer (990 for 2024)
- KELSEY HALL, 109 LAFAYETTE STREET, NASHVILLE, TN 372103432
- Signed the 990
- KELSEY HALL, INTERIM EXECUTIVE OFFICER
- Phone
- (615) 327-9654
- Website
- WWW.PROJECTRETURNINC.ORG
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
PEOPLE WHO HAVE JUST BEEN RELEASED FROM PRISON ARE TYPICALLY STIGMATIZED, OVERLOOKED, AND PIGEONHOLED BY SOCIETY. WHEN THEY WALK(CONTINUED ON SCHEDULE O)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.
Program accomplishments
- 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. (CONTINUED ON SCHEDULE O)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; 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 $1,376,162 · grants $199,470 · revenue $49,561
- 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. (CONTINUED ON SCHEDULE O)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 38 UNITS (DUPLEXES AND TRIPLEXES) IN SITES SCATTERED ACROSS NASHVILLE AND CHATTANOOGA 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 EIGHT YEARS OF OPERATION. BY PROVIDING SAFE, STABLE, PERMANENT HOUSING, INDIVIDUALS CAN LEAD PRODUCTIVE, SUCCESSFUL LIVES AND LEAVE PRISON BEHIND.Expenses $308,631 · revenue $283,788
- 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. (CONTINUED ON SCHEDULE O)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. THROUGH 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 THIS EMPLOYMENT-CREATING SOCIAL ENTERPRISE.Expenses $1,665,516 · revenue $1,083,211
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in June, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | June 30, 2026 | November 16, 2026 | Not due yet |
| 2024 | June 30, 2025 | November 17, 2025 | 990 on file |
| 2023 | June 30, 2024 | November 15, 2024 | 990 on file |
IRS record
- EIN
- 62-1058325
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (170(b)(1)(A)(vi))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1980
- Accounting year ends
- June
- Files
- Form 990 or 990-EZ
- Assets (IRS master file)
- $9,720,510
- Income (IRS master file)
- $4,896,194
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | June 2025 | $4,896,194 | $5,270,091 | $9,720,510 | XML |
| 990 | June 2024 | $6,292,553 | $6,850,380 | $9,242,533 | IRS |
| 990 | June 2023 | $7,796,709 | $7,472,033 | $9,581,767 | XML |
| 990 | June 2022 | $9,325,657 | $6,974,804 | $7,853,062 | IRS |
| 990 | June 2021 | – | – | – | IRS |
| 990 | June 2019 | – | – | – | IRS |
| 990 | June 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 62-1058325).
Questions about PROJECT RETURN INC
- What is the EIN of PROJECT RETURN INC?
- The employer identification number (EIN) of PROJECT RETURN INC is 62-1058325.
- Is PROJECT RETURN INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1980.
- Are donations to PROJECT RETURN INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does PROJECT RETURN INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of PROJECT RETURN INC due?
- The return for tax year 2025 (the year ending June 30, 2026) is due November 16, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did PROJECT RETURN INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended June 2025.
- Who is the principal officer of PROJECT RETURN INC?
- The 990 for the year ended June 30, 2025 names KELSEY HALL.
- Who are the officers and directors of PROJECT RETURN INC?
- The 990 for the year ended June 30, 2025 lists 16 people; 3 received compensation from the organization, the highest $153,334 (RICO X, CEO).
- How much revenue does PROJECT RETURN INC have?
- On its 990 for the year ended June 30, 2025 it reported revenue of $4,896,194, expenses of $5,270,091 and total assets of $9,720,510 at year end.
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