R-3 Restorations LLC FY2024 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.

Form 990 Part I, line 1, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1967868) · Dispute this line
501(c)(3) charity; gifts are tax-deductible.
72¢ of each $1 spent went to programs.
$64K 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

FY2024 · Form 990Independent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
The IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990
The latest return is for FY2025, 1 tax year back.
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
A surplus in 3 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
72%
of spending
72% of spending went to programs.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$64K
to officers and key staff · 17% of spending
Pay to officers and key staff is 17% of spending.
Part VII, Section A
2.5 mo
of spending, in cash
2.5 months of spending in cash.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $25K
2 funders name it on their filings.
Funders’ Sch. I, 990-PF
Liabilities
$156K
27% of total assets
Liabilities are 27% of assets.
Pt X · Ln 26
Independent board members
10
of 12 voting members
10 of 12 voting members are independent.
Pt VI · Ln 1a–1b
Revenue
$319K
+5% vs prior year
Spent
$381K
To programs
72%
Net assets
$426K
By yearFY2020–FY2025
Revenue
$319K
FY2024▲ +5%
Tap a bar for its year
Revenue by fiscal year
FY2020$599K
FY2021$375K
FY2022$467K
FY2023$304K
FY2024$319K
FY2025$360K
Expenses
$381K
FY2024▼ -4%
Tap a bar for its year
Expenses by fiscal year
FY2020$234K
FY2021$355K
FY2022$406K
FY2023$396K
FY2024$381K
FY2025$390K
Net assets
$426K
FY2024▼ -23%
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 FY2024 Form 990 · see the original

You’re viewing the FY2024 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

72 cents of each dollar spent went to programs.

Program services 72% · $274K Management & general 28% · $107K

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

15 people listed on the 990; $64K paid to officers and key staff (Part VII, Section A).

Part VII, Section A · reportable compensation
Co-Executive Director - May-December
$29,890Pt VII · Sec A
Executive Director - January-May
$24,512Pt VII · Sec A
Co-Executive Director - May-December
$9,964Pt VII · Sec A
Board Chair - January-September
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$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 · $274K · in their own filed words · FY2024
01

The Reset House provides affordable housing, Bible studies, life skills training, and Hangout Nights 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.

Form 990 Part III, line 4, FY2024. The organization’s own words, as filed with the IRS. Find it at the IRS (EIN 27-1967868) · Dispute this line
$274Kprogram 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 FY2024 990, line by line.

1The main four
Money inPt VIII
$319K
Ln 12
Gifts and grantsLn 1h$209K
Fees for servicesLn 2g$107K
Investment incomeLn 3$3K
Money outPt IX
$381K
Ln 25
Programscol B$274K
Managementcol C$107K
Owns and owesPt X
$426K
net assets · Ln 32
Cash and savingsLn 1–2$80K
Total assetsLn 16$582K
LiabilitiesLn 26$156K
PeoplePt VI, VII
15
listed · VII A
PaidVII A3
Voting boardVI 1a12
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$209K
Government grantsLn 1e$5K
Noncash giftsLn 1g$0
Fundraising eventsLn 1c$0
Fees for servicesLn 2g$107K
Investment incomeLn 3$3K
Total revenueLn 12$319K
Assets in detailPt X, end of year
CashLn 1$32K
SavingsLn 2$48K
Cash and savings togetherLn 1–2$80K
Land, buildings, equipmentLn 10c$487K
Intangible assetsLn 14$2K
Other assetsLn 15$13K
Total assetsLn 16$582K
LiabilitiesLn 26$156K
Net assetsLn 32$426K
OperationsPt I, VI
EmployeesI 57
VolunteersI 6120
Fiscal year endsHeaderDecember
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13No
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY24End FY24
Cash and savingsLn 1–2$138K$80K
InvestmentsLn 11–13$0$0
Land, buildings, equipmentLn 10c$581K$487K
Total assetsLn 16$721K$582K
LiabilitiesLn 26$168K$156K
Net assetsLn 32$554K$426K
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$0$0
Grants to domestic individualsLn 2$0$0
Grants and assistance to foreign recipientsLn 3$0$0
Benefits paid to or for membersLn 4$0$0
Pay of officers and key staff (Part IX, line 5)Ln 5$64K$32K$33K$0
Pay of disqualified personsLn 6$0$0$0$0
Other salaries and wagesLn 7$107K$103K$4K$0
Pension plan contributionsLn 8$0$0$0$0
Other employee benefitsLn 9$0$0$0$0
Payroll taxesLn 10$15K$10K$4K$0
Management feesLn 11a$0$0$0$0
Legal feesLn 11b$0$0$0$0
Accounting feesLn 11c$1K$0$1K$0
Lobbying feesLn 11d$0$0$0$0
Professional fundraising feesLn 11e$0$0
Investment management feesLn 11f$0$0$0$0
Other fees for servicesLn 11g$29K$3K$25K$0
Advertising and promotionLn 12$15K$0$15K$0
Office expensesLn 13$4K$0$4K
Information technologyLn 14$0$0$0$0
RoyaltiesLn 15$0$0$0$0
OccupancyLn 16$55K$55K$0$0
TravelLn 17$443$0$443$0
Travel and entertainment for public officialsLn 18$0$0$0$0
Conferences, conventions and meetingsLn 19$318$0$318$0
InterestLn 20$10K$10K$0$0
Payments to affiliatesLn 21$0$0$0$0
Depreciation, depletion and amortizationLn 22$26K$26K$0$0
InsuranceLn 23$10K$0$10K$0
Other expenses (24a–d)Ln 24$37K$34K$3K$0
All other expensesLn 24e$7K$0$7K$0
Total functional expensesLn 25$381K$274K$107K$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 LatestFiled with the IRS May 12, 2026 $360K$390K−$31K$396K 990 PDF
FY2024 ViewingFiled with the IRS May 8, 2025 $319K$381K−$62K$426K 990 PDF
FY2023Filed 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

A · Public support I · Grants O · Explanations
See the full FY2024 990
Part I · Summary $318,737 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $186,813$208,819
I-9 Program service revenuePrior year $114,297$107,273
I-10 Investment incomePrior year $2,837$2,645
I-11 Other revenuePrior year $0$0
I-12 Total revenuePrior year $303,947$318,737
I-13 Grants and similar amounts paidPrior year $0$0
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $208,780$185,797
I-16a Professional fundraising feesPrior year $8,092$0
I-17 Other expensesPrior year $179,229$195,013
I-18 Total expensesPrior year $396,101$380,810
I-19 Revenue less expensesPrior year −$92,154−$62,073
Part VI · Governance 10 of 12 board members independent, 2 to look at
VI-1a Voting members of the governing body12
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-13 Written whistleblower policyNo
VI-12a Written conflict of interest policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $318,737 across 12 lines filed
VIII-1a Federated campaigns$0
VIII-1b Membership dues$0
VIII-1c Fundraising events$0
VIII-1d Related organizations$0
VIII-1e Government grants$5,000
VIII-1f All other contributions, gifts and grants$203,819
VIII-1g Noncash contributions (included above)$0
VIII-1h Total contributions, gifts and grants$208,819
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $107,273 · Unrelated business $0 · Excluded from tax $0$107,273
VIII-3 Investment incomeRelated to mission $2,645 · Unrelated business $0 · Excluded from tax $0$2,645
VIII-5 RoyaltiesRelated to mission $0 · Unrelated business $0 · Excluded from tax $0$0
VIII-12 Total revenueRelated to mission $109,918 · Unrelated business $0 · Excluded from tax $0$318,737
Part IX · Statement of functional expenses $380,810 across 31 lines filed
IX-1 Grants to domestic organizationsPrograms $0$0
IX-2 Grants to domestic individualsPrograms $0$0
IX-3 Grants and assistance to foreign recipientsPrograms $0$0
IX-4 Benefits paid to or for membersPrograms $0$0
IX-5 Pay of officers and key staff (Part IX, line 5)Programs $31,804 · Management $32,562 · Fundraising $0$64,366
IX-6 Pay of disqualified personsPrograms $0 · Management $0 · Fundraising $0$0
IX-7 Other salaries and wagesPrograms $102,709 · Management $4,048 · Fundraising $0$106,757
IX-8 Pension plan contributionsPrograms $0 · Management $0 · Fundraising $0$0
IX-9 Other employee benefitsPrograms $0 · Management $0 · Fundraising $0$0
IX-10 Payroll taxesPrograms $10,290 · Management $4,384 · Fundraising $0$14,674
IX-11a Management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11b Legal feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11c Accounting feesPrograms $0 · Management $1,325 · Fundraising $0$1,325
IX-11d Lobbying feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11e Professional fundraising feesFundraising $0$0
IX-11f Investment management feesPrograms $0 · Management $0 · Fundraising $0$0
IX-11g Other fees for servicesPrograms $3,444 · Management $25,450 · Fundraising $0$28,894
IX-12 Advertising and promotionPrograms $0 · Management $14,693 · Fundraising $0$14,693
IX-13 Office expensesPrograms $0 · Management $4,009$4,009
IX-14 Information technologyPrograms $0 · Management $0 · Fundraising $0$0
IX-15 RoyaltiesPrograms $0 · Management $0 · Fundraising $0$0
IX-16 OccupancyPrograms $55,326 · Management $0 · Fundraising $0$55,326
IX-17 TravelPrograms $0 · Management $443 · Fundraising $0$443
IX-18 Travel and entertainment for public officialsPrograms $0 · Management $0 · Fundraising $0$0
IX-19 Conferences, conventions and meetingsPrograms $0 · Management $318 · Fundraising $0$318
IX-20 InterestPrograms $9,845 · Management $0 · Fundraising $0$9,845
IX-21 Payments to affiliatesPrograms $0 · Management $0 · Fundraising $0$0
IX-22 Depreciation, depletion and amortizationPrograms $25,856 · Management $0 · Fundraising $0$25,856
IX-23 InsurancePrograms $0 · Management $9,977 · Fundraising $0$9,977
IX-24 Other expenses (24a–d)Programs $34,465 · Management $2,715 · Fundraising $0$37,180
IX-24e All other expensesPrograms $0 · Management $7,147 · Fundraising $0$7,147
IX-25 Total functional expensesPrograms $273,739 · Management $107,071 · Fundraising $0$380,810
Part X · Balance sheet $581,769 assets, 30 lines filed
X-1 Cash, non-interest-bearingStart of year $128,089$31,829
X-2 Savings and temporary cash investmentsStart of year $10,151$48,331
X-3 Pledges and grants receivableStart of year $0$0
X-4 Accounts receivableStart of year $0$0
X-5 Loans to officers and key peopleStart of year $0$0
X-6 Loans to other insidersStart of year $0$0
X-7 Notes and loans receivableStart of year $0$0
X-8 Inventories for sale or useStart of year $0$0
X-9 Prepaid expenses and deferred chargesStart of year $0$0
X-10c Land, buildings and equipment, netStart of year $581,005$487,403
X-11 Publicly traded securitiesStart of year $0$0
X-12 Other securitiesStart of year $0$0
X-13 Program-related investmentsStart of year $0$0
X-14 Intangible assetsStart of year $2,155$1,586
X-15 Other assets$12,620
X-16 Total assetsStart of year $721,400$581,769
X-17 Accounts payable and accrued expensesStart of year $19,704$3,367
X-18 Grants payableStart of year $0$0
X-19 Deferred revenueStart of year $0$0
X-20 Tax-exempt bond liabilitiesStart of year $0$0
X-21 Escrow or custodial accountsStart of year $0$12,620
X-22 Loans from officers and insidersStart of year $0$0
X-23 Secured mortgages and notes payableStart of year $147,810$139,536
X-24 Unsecured notes and loans payableStart of year $0$0
X-26 Total liabilitiesStart of year $167,514$155,523
X-29 Capital stock or trust principalStart of year $0$0
X-30 Paid-in or capital surplusStart of year $0$0
X-31 Retained earnings or endowmentStart of year $553,886$426,246
X-32 Total net assets or fund balancesStart of year $553,886$426,246
X-33 Total liabilities and net assetsStart of year $721,400$581,769
Part XI · Reconciliation of net assets $426,246 net assets at year end
XI-1 Total revenue$318,737
XI-2 Total expenses$380,810
XI-3 Revenue less expenses−$62,073
XI-4 Net assets at start of year$553,886
XI-5 Net unrealized gains (losses) on investments$0
XI-6 Donated services and use of facilities$0
XI-7 Investment expenses$0
XI-8 Prior period adjustments−$65,567
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year$426,246

Form 990 e-file (XML) FY2024 from the IRS · Classification, formation year and address from the IRS Business Master File

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