R-3 Restorations LLC FY2023 filing

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Reset's mission is to empower individuals to overcome the impact of poverty, trauma, abuse, addiction, and/or incarceration by providing dignified housing, opportunities, and resources to support individuals and bring them hope for a free, independent, and dignified future.

501(c)(3) charity; gifts are tax-deductible.
66¢ of each $1 spent went to programs.
$78K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2023 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
3 of 6
filings with a surplus
Average surplus $44K a year · 11% of revenue · last 6 filings
Worth a look: a surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
66%
of spending
Fine: 66% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$78K
to officers and key staff · 20% of spending
Fine: pay to officers and key staff is 20% of spending; 15% to 20%.
Pt VII · Sec A
4 mo
of spending, in cash
Looks good: 4.2 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$168K
23% of total assets
Looks good: liabilities are 23% of assets; 50% or less.
Pt X · Ln 26
Independent board members
0
of 8 voting members
Concern: none of 8 voting members are independent.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$304K
-35% vs prior year
Spent
$396K
To programs
66%
Net assets
$554K
By yearFY2020–FY2025
Revenue
$304K
FY2023▼ -35%
Tap a bar for its year
Revenue by fiscal year
FY2020$599K
FY2021$375K
FY2022$467K
FY2023$304K
FY2024$319K
FY2025$360K
Expenses
$396K
FY2023▼ -2%
Tap a bar for its year
Expenses by fiscal year
FY2020$234K
FY2021$355K
FY2022$406K
FY2023$396K
FY2024$381K
FY2025$390K
Net assets
$554K
FY2023▼ -14%
Tap a bar for its year
Net assets by fiscal year
FY2020$558K
FY2021$578K
FY2022$647K
FY2023$554K
FY2024$426K
FY2025$396K

From the FY2023 Form 990 · see the original

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You’re viewing the FY2023 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Exemption reinstated (2013-05-15). Per the IRS revocation list. Latest filing on record: FY2025. IRS ruling in Sep 2014.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

66 cents of each dollar spent went to programs.

Program services 66% · $260K Management & general 32% · $128K Fundraising 2% · $8K

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

10 people listed on the 990; $78K paid to officers and key staff.

Part VII, Section A · reportable compensation
Executive Di
$77,809Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Chairman
$0Pt VII · Sec A
Vice Chairma
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Executive Di
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Thomas Sherwood’s $41K as Co-Executive Director is at the 18th percentile of top reported officer pay among 1404 $100K–1M crime & legal nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Eric Switzer——$77,809———
Erich Switzer—$24,512—$55,625$55,764$43,557
Thomas Sherwood$40,915$29,890————
Sheri Raleigh-Collins————$36,300—
Tamera Sherwood$19,546$9,964————
Lauren Collins————$14,875—
Sheri Collins—————$14,513
Wade Campbell————$2,185$8,800

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

See R-3 Restorations LLC executive salaries →

Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Reclaiming, rehabilitating, and rewarding overachievers through faith-based programs.

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1 program · $260K · in their own filed words · FY2023
01

The reset houses provide affordable housing, bible studies, life skills training and community for those who are coming out of rehab or incarceration. The purpose is to transform broken and lost individuals into servant leaders as they discover their true identity and purpose.

$260Kprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2024
Total grants receivedfrom 2 funders$25K

By the numbers

The FY2023 990, line by line.

1The main four
Money inPt VIII
$304K
Ln 12
Gifts and grantsLn 1h$187K
Fees for servicesLn 2g$114K
Investment incomeLn 3$3K
Money outPt IX
$396K
Ln 25
Programscol B$260K
Managementcol C$128K
Fundraisingcol D$8K
Owns and owesPt X
$554K
net assets · Ln 32
Cash and savingsLn 1–2$138K
Total assetsLn 16$721K
LiabilitiesLn 26$168K
PeoplePt VI, VII
10
listed · VII A
PaidVII A1
Voting boardVI 1a8
IndependentVI 1b0
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$187K
Government grantsLn 1e$24K
Noncash giftsLn 1g$25K
Fees for servicesLn 2g$114K
Investment incomeLn 3$3K
Total revenueLn 12$304K
Assets in detailPt X, end of year
CashLn 1$128K
SavingsLn 2$10K
Cash and savings togetherLn 1–2$138K
Land, buildings, equipmentLn 10c$581K
Intangible assetsLn 14$2K
Total assetsLn 16$721K
LiabilitiesLn 26$168K
Net assetsLn 32$554K
OperationsPt I, VI
EmployeesI 57
VolunteersI 6120
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14No
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY23End FY23
Cash and savingsLn 1–2$252K$138K
Land, buildings, equipmentLn 10c$571K$581K
Total assetsLn 16$825K$721K
LiabilitiesLn 26$178K$168K
Net assetsLn 32$647K$554K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Pay of disqualified personsLn 6$78K$16K$62K
Other salaries and wagesLn 7$115K$100K$15K
Payroll taxesLn 10$16K$9K$6K
Professional fundraising feesLn 11e$8K$8K
Other fees for servicesLn 11g$23K$10K$13K
Advertising and promotionLn 12$13K$13K
Office expensesLn 13$6K$6K
OccupancyLn 16$81K$81K
InterestLn 20$7K$7K
InsuranceLn 23$9K$9K
Other expenses (24a–d)Ln 24$41K$37K$4K
Total functional expensesLn 25$396K$260K$128K$8K

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 12, 2026 $360K$390K−$31K$396K 990 PDF
FY2024Filed with the IRS May 8, 2025 $319K$381K−$62K$426K 990 PDF
FY2023 ViewingFiled with the IRS Nov 26, 2024 $304K$396K−$92K$554K 990 PDF
FY2022Filed with the IRS Aug 29, 2023 $467K$406K$61K$647K 990 PDF
FY2021Filed with the IRS Nov 11, 2022 $375K$355K$20K$578K 990 PDF
FY2020Filed with the IRS Nov 12, 2021 $599K$234K$365K$558K 990 PDF

Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons I · Grants A · Public support O · Explanations
See the full FY2023 990 (6 parts)
Part I · Summary $303,947 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $356,858$186,813
I-9 Program service revenuePrior year $110,466$114,297
I-10 Investment income$2,837
I-11 Other revenue$0
I-12 Total revenuePrior year $467,324$303,947
I-13 Grants and similar amounts paid$0
I-14 Benefits paid to members$0
I-15 Salaries and benefitsPrior year $150,993$208,780
I-16a Professional fundraising fees$8,092
I-17 Other expensesPrior year $254,920$179,229
I-18 Total expensesPrior year $405,913$396,101
I-19 Revenue less expensesPrior year $61,411−$92,154
Part VI · Governance 0 of 8 board members independent, 3 to look at
VI-1a Voting members of the governing body8
VI-1b Independent voting members0
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-14 Document retention and destruction policyNo
VI-12a Written conflict of interest policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $303,947 across 7 lines filed
VIII-1e Government grants$23,780
VIII-1f All other contributions, gifts and grants$163,033
VIII-1g Noncash contributions (included above)$24,943
VIII-1h Total contributions, gifts and grants$186,813
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $114,297$114,297
VIII-3 Investment incomeRelated to mission $2,837$2,837
VIII-12 Total revenueRelated to mission $117,134$303,947
Part IX · Statement of functional expenses $396,101 across 11 lines filed
IX-6 Pay of disqualified personsPrograms $15,562 · Management $62,247$77,809
IX-7 Other salaries and wagesPrograms $100,271 · Management $14,974$115,245
IX-10 Payroll taxesPrograms $9,436 · Management $6,290$15,726
IX-11e Professional fundraising feesFundraising $8,092$8,092
IX-11g Other fees for servicesPrograms $10,121 · Management $12,717$22,838
IX-12 Advertising and promotionManagement $12,823$12,823
IX-13 Office expensesManagement $5,897$5,897
IX-16 OccupancyPrograms $80,670$80,670
IX-20 InterestPrograms $6,543$6,543
IX-23 InsuranceManagement $9,304$9,304
IX-24 Other expenses (24a–d)Programs $37,228 · Management $3,926$41,154
IX-25 Total functional expensesPrograms $259,831 · Management $128,178 · Fundraising $8,092$396,101
Part X · Balance sheet $721,400 assets, 11 lines filed
X-1 Cash, non-interest-bearingStart of year $241,099$128,089
X-2 Savings and temporary cash investmentsStart of year $11,010$10,151
X-10c Land, buildings and equipment, netStart of year $571,005$581,005
X-14 Intangible assetsStart of year $2,155$2,155
X-16 Total assetsStart of year $825,269$721,400
X-17 Accounts payable and accrued expensesStart of year $26,421$19,704
X-23 Secured mortgages and notes payableStart of year $151,756$147,810
X-26 Total liabilitiesStart of year $178,177$167,514
X-31 Retained earnings or endowmentStart of year $647,092$553,886
X-32 Total net assets or fund balancesStart of year $647,092$553,886
X-33 Total liabilities and net assetsStart of year $825,269$721,400
Part XI · Reconciliation of net assets $553,886 net assets at year end
XI-1 Total revenue$303,947
XI-2 Total expenses$396,101
XI-3 Revenue less expenses−$92,154
XI-4 Net assets at start of year$647,092
XI-8 Prior period adjustments−$1,052
XI-10 Net assets at end of year$553,886

Form 990 e-file (XML) FY2023 from the IRS · Classification, formation year and address from the IRS Business Master File

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