Project Redesign INC EIN 27-3346724

Project Redesign INC

EIN  27-3346724 Public charity (501(c)(3)) Nashville, TN Founded 2010
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Size
$100K–1M
What they do
Reuses donated furniture to redesign homes, helping families rebuild their lives.
Leadership
Rhonda Wellmann · Executive Director · $27K
Money in and out
$331K revenue, $270K expenses
Bottom line
72% program efficiency

Reuses donated furniture to redesign homes, helping families rebuild their lives. For fiscal year 2025 it reported $331K in revenue, $270K in expenses, and $267K in net assets.Pt I

Where the money goes · FY2025
Total revenue
$331K
Pt VIII · Ln 12
Total expenses
$270K
Pt IX · Ln 25
Net assets
$267K
Pt X · Ln 32
Revenue less expenses (Pt I · Ln 19): $61K
Where spending went · Part IX cols B–D
Program services $0.72 Management & general $0.26 Fundraising $0.02
Program efficiency
72%
of spending reaches programs▼ -12% vs prior filing year
Operating runway
12.5mo
months of highly liquid reserves at operating expense rate0% vs prior filing year
Surplus margin
+18%
revenue over expenses, this year▲ ×15 vs prior filing year

Summary of the Filing

Part I · fiscal year 2025 · Form 990
Revenue
$331K
FY2025▲ +47%
Expenses
$270K
FY2025▲ +18%
Total assets
$283K
FY2025▲ +49%
Total liabilities
$16K
FY2025▼ -45%
Total revenue
$331K
Pt VIII · Ln 12
Total expenses
$270K
Pt IX · Ln 25
Net assets
$267K
Pt X · Ln 32
Revenue less expensesPt I · Ln 19$61K
Total assetsPt X · Ln 16$283K
Program-expense ratioPt IX · col B72%
Voting members of governing bodyPt I · Ln 38
Independent voting membersPt I · Ln 48
Mission & Programs · Part III

Where the work happens

1 program service account for $194K of program spending, described in the organization's own filed words · FY2025.
01

Project redesign supports new beginnings to individuals and families by providing beautiful furnishings to create a warm and welcoming home. Project redesign collaborates with other non-profits that provide clients with a new place to live. Often, they are moving into vacant spaces lacking the resources to furnish their new home.

$194Kprogram expense

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Identity & Classification

Form 990 Header · IRS Business Master File
Legal nameHdr · item CProject Redesign INC
EINHdr · item D27-3346724
Principal addressHdr · item CNashville, TN
WebsiteHdr · item Jprojectredesignnashville.com
Year of formationHdr · item L2010
State of legal domicileHdr · item MTN
Exempt statusHdr · item I501(c)(3) · active
NTEE classificationIRS BMFHuman Services (P29)
Ruling yearIRS BMFMar 2011

Governance & Policies

Part VI
Voting members of the governing bodyPt VI · Ln 1a8
Independent voting membersPt VI · Ln 1b8
Conflict-of-interest policyPt VI · Ln 12aYes
Whistleblower policyPt VI · Ln 13Yes
Document retention policyPt VI · Ln 14Yes
CEO/top-official compensation independently reviewedPt VI · Ln 15aYes
Family or business relationships among officers/directorsPt VI · Ln 2No

Officers, Directors & Key Employees

Part VII, Section A · reportable compensation
Executive Director
$26,769Pt VII · Sec A
Accountant
$12,000Pt VII · Sec A
Secretary
$0Pt VII · Sec A
Treasurer
$0Pt VII · Sec A
$0Pt VII · Sec A
President
$0Pt VII · Sec A
$0Pt VII · Sec A
Director
$0Pt VII · Sec A

Rhonda Wellmann’s $27K as Executive Director is at the 15th percentile of top reported officer pay among 2164 $100K–1M human services 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 · 4 named individuals · Part VII

NameFY2025FY2024FY2023
Mary Patton Murphy$53,571
Mary Patton Murphy$52,000
Rhonda Wellmann$26,769
Laurie Davis$12,000$10,000

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.

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Statement of Revenue

Part VIII
Contributions & grants$285K · 86%
Program service revenue$53K · 16%
Investment income$4K · 1%
Contributions & grants86%$285K
Program service revenue16%$53K
Investment income1%$4K
Total revenueLn 12$331K

Statement of Functional Expenses

Part IX · allocated across program, management, and fundraising
Allocation · columns B–D
Program services $0.72 Management & general $0.26 Fundraising $0.02
Program services72%$194K
Management & general26%$71K
Fundraising2%$5K
Total functional expensesLn 25$270K

Balance Sheet

Part X · end of year
CashLn 1$246K
Total assetsLn 16$283K
Total liabilitiesLn 26$16K
Total net assetsLn 32$267K
Months of cash on handcomputed10.9

Financial Metrics

Form 990 · FY2025 · each ratio shown with the dollars behind it
Liquidity & Payout
Operating runway
Highly liquid reserves $246K · Operating expenses (Pt IX) $270K · Less non-cash grants $34K · Cash operating expenses/yr $236K
12.5 months
Where the money goes
Program services
Program services $194K · Total expenses $270K
72%
Management & General
Management & general $71K · Total expenses $270K
26%
Fundraising
Fundraising $5K · Total expenses $270K
2%
Cost to raise $1
Fundraising expense (2-yr avg) $4K · Solicited contributions (2-yr avg) $250K
$0.02 to raise $1 (2-yr avg)
Where the money comes from
Contribution dependence
Contributions & grants $285K · Total revenue $331K
86%
Government reliance
Government grants — · Total revenue $331K
Earned-income share
Program service revenue $53K · Total revenue $331K
16%
Investment reliance
Investment income $4K · Total revenue $331K
+1%
Program self-sufficiency
Program service revenue $53K · Total expenses $270K
20%
Growth & trend
Revenue growth (YoY)
This year $331K · Prior year $226K
+47%
Revenue CAGR
FY2020 $85K · FY2025 $331K
+31%
Net-asset trend (YoY)
End of year $267K · Beginning of year —
Beginning net assets not meaningfully positive — showing dollar change
Balance sheet
Surplus Margin
Revenue $331K · Expenses $270K
+18%
Liabilities-to-Assets
Total liabilities — · Total assets $283K
Net-asset ratio
Net assets $267K · Total assets $283K
94%
Marketable Investment Share
Publicly traded securities (Pt X, ln 11) — · Other securities (Pt X, ln 12) — · Total assets (Pt X, ln 16) $283K
Excludes program-related investments (Pt X, ln 13)
People & payroll
Highest Reported Total Compensation
Individual Rhonda Wellmann · Reported title EXECUTIVE DIRECTOR · Highest reported compensation $27K · Total expenses $270K
10%
Personnel share
Salaries, benefits & payroll (Pt IX 5-10) $101K · Total expenses $270K
37%
Peer comparison

Same NTEE category, revenue band, and state where available. Descriptive — not a grade.

MetricThis orgPeer medianPercentile
Program ratio 72%
Overhead ratio 26%
Fundraising cost ratio 2%
Revenue growth 47%

Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.

Grants

Schedule I · funders on record
Grants received · FY2024
See all 6 funders →

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Filings & Schedule Manifest

Part IV
III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
FY2025 (Latest)$331K revenue · viewing · ⤓ 990 PDF
FY2024$226K revenue · ⤓ 990 PDF
FY2023$158K revenue · ⤓ 990 PDF
FY2022$92K revenue · ⤓ 990 PDF
FY2021$79K revenue · ⤓ 990 PDF
FY2020$85K revenue · ⤓ 990 PDF

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Sources

Every figure above is drawn from these filings
Form 990 e-file (XML) · FY2025IRS
Classification, formation year, addressIRS Business Master File
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