PROJECT RETURN INC

EIN: 621058325 501(c)(3)

NASHVILLE, TN

Total Revenue
$7,796,709
Total Expenses
$7,472,033
Total Assets
$9,581,767
Net Assets
$6,523,290
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Financial Trends

Organization Details

Formation Year
1979
Legal Domicile
TN
Principal Officer
RICO X
Phone
6153279654
Tax Period
2022-07-01 to 2023-06-30

PROJECT RETURN INC, founded in 1979, is a community nonprofit that reported $7.8M in total revenue in fiscal year 2022. Revenue decreased 16% compared to the prior year. Expenses of $7.5M left a modest 4% surplus.

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

Program Service Accomplishments

Program 1
Expenses: $1,799,217

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...

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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.

Program 2
Expenses: $323,859 Revenue: $39,983

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...

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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.

Program 3
Expenses: $3,017,543 Revenue: $1,773,808

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...

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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.

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Trantor Score

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

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $5,950,382
Program Service Revenue $1,813,791
Investment Income $20,260
Other Revenue $12,276
TOTAL REVENUE $7,796,709

Expense Breakdown

Grants Paid $482,843
Salaries & Benefits $4,935,876
Fundraising Expenses $220,571
Program Expenses $5,140,619
Other Expenses $2,053,314
TOTAL EXPENSES $7,472,033

Year-over-Year Comparison

2022 2021 Change
Revenue $7,796,709 $9,325,657 -0.2%
Expenses $7,472,033 $6,974,804 +0.1%
Net Income $324,676 $2,350,853 -0.9%
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
13
Independent Members
13
Employees
477
Volunteers
30

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
6
$123,320
Total Directors
13
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
CHARLES STORY PRESIDENT 0.50
Officer Director
$0 $0 $0
KELLY HARTER VICE PRESIDE 0.50
Officer Director
$0 $0 $0
IKE NWAELELE TREASURER 0.50
Officer Director
$0 $0 $0
BERNARD TURNER SECRETARY 0.50
Officer Director
$0 $0 $0
ELAINA AL-NIMRI BOARD MEMBER 0.50
Director
$0 $0 $0
BOB BREWER BOARD MEMBER 0.50
Director
$0 $0 $0
DUSTIN CARLTON BOARD MEMBER 0.50
Director
$0 $0 $0
MARK EPPS BOARD MEMBER 0.50
Director
$0 $0 $0
MARK FLEMING BOARD MEMBER 0.50
Director
$0 $0 $0
MALCOLM HARRIS BOARD MEMBER 0.50
Director
$0 $0 $0
GINNY BURNETT BOARD MEMBER 0.50
Director
$0 $0 $0
EDWIN SANDERS BOARD MEMBER 0.50
Director
$0 $0 $0
CATHY SPENCER BOARD MEMBER 0.50
Director
$0 $0 $0
ELIZABETH HAYES COO 40.00
Officer
$110,896 $12,424 $123,320
RICO X CEO 40.00
Officer
$0 $0 $0
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
2025 No data No data No data No data
2024 No data No data No data No data
2023 $7,796,709 $7,472,033 $9,581,767 $324,676
2022 $9,325,657 $6,974,804 $7,853,062 $2,350,853
2021 $6,857,195 $4,981,058 $5,303,107 $1,876,137
2020 $5,201,310 $4,376,826 $3,389,634 $824,484
2019 $3,397,942 $3,596,139 $2,042,792 $-198,197
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