Overview
What is R-3 Restorations?
R-3 Restorations, also known as Reset Ministries, is a nonprofit organization situated in Newport, Kentucky. Their primary focus is on assisting individuals who have completed rehabilitation or served time in prison, offering them affordable housing, spiritual guidance, life skills training, and social events. The organization aims to transform these individuals into responsible leaders by helping them rediscover their identities and purposes in life. By providing dignified housing, opportunities, and resources, R-3 Restorations strives to empower individuals to overcome challenges such as poverty, trauma, abuse, addiction, and incarceration, ultimately offering them hope for a self-sufficient and dignified future. The nonprofit employs a team of five dedicated individuals to carry out its mission.
Official website here: www.resetministries.org/
What are the reviews and ratings of this charity?
Charity Navigator Rating: 49%
R-3 Restorations has received a low rating of 49%, which translates to a Zero-Star out of Four Star rating. This score highlights significant areas of concern, particularly in its accountability and finance practices. The organization has no independent board members, raising questions about governance and oversight. Although it has a good score in areas like asset management and the listing of its website, it falls short in several key policies, including conflict of interest and whistleblower protections.
One of the strengths noted in the evaluation is the absence of material diversion of assets, which reflects positively on its financial integrity. Additionally, the charity has a favorable liabilities to assets ratio, indicating a manageable level of debt. However, the program expense ratio of 59.13% suggests that a considerable portion of expenses may not be directed towards programmatic activities, which could impact its overall effectiveness.
Overall, while R-3 Restorations demonstrates some financial stability and good practices in certain areas, the lack of an independent board and missing critical policies such as a whistleblower and document retention policy indicate room for improvement. Stakeholders may want to consider these factors when evaluating the organization's transparency and accountability.
This AI summary has been generated from information found on Charity Navigator.
What do the Facebook reviews say about R-3 Restorations?
R-3 Restorations has received positive feedback from its users, with sentiments highlighting the impactful work they do within the community. One reviewer specifically praised the organization for its ability to create meaningful change, emphasizing the importance of their mission and the sincere dedication behind their efforts.
There's a strong recommendation for others to get involved, either through volunteering or donating, showcasing a belief in the organization's integrity and effectiveness. This overarching sentiment reflects a community that appreciates and supports the initiatives spearheaded by R-3 Restorations, with a clear call to action for potential volunteers and donors. Overall, the organization's commitment to positive change resonates well with its supporters.
This AI summary has been generated from reviews found on Facebook.
Is R-3 Restorations legitimate?
R-3 Restorations is a legitimate nonprofit organization registered as a 501(c)(3) entity. R-3 Restorations submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $55,625
Professional Fundraising Fees: $0
Other Salaries and Wages: $83,302
For more financial information, click here
Official website here: www.resetministries.org/
What is the mission statement of R-3 Restorations?
R-3 Restorations, as a faith-based organization, is committed to empowering individuals who have been affected by poverty, trauma, abuse, addiction, and incarceration. Their mission is to provide these individuals with dignified housing, opportunities, and resources, aiming to offer them hope for a future that is free, independent, and dignified. The organization operates through the Reset House, which offers affordable housing, Bible studies, life skills training, and social events like Hangout Nights, all designed to help those transitioning out of rehab or incarceration transform their lives and emerge as servant leaders, discovering their true identities and purposes.
Official website here: www.resetministries.org/
Who is the CEO of R-3 Restorations?
Erich Switzer is the Executive Director of R-3 Restorations.
Official website here: www.resetministries.org/
What is the revenue of R-3 Restorations?
R-3 Restorations's revenue in 2022 was $467,324.
Official website here: www.resetministries.org/
Who are the executives of R-3 Restorations and what are their salaries?
The average compensation at R-3 Restorations during 2022 was $27,785. There are 5 employees and 78 volunteers at R-3 Restorations.
Here are 11 key members and their salaries:
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Official website here: www.resetministries.org/
Where can I find the form 990 for R-3 Restorations?
R-3 Restorations's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.resetministries.org/
Learn more at the official website: www.resetministries.org/
Mission Statement of R-3 Restorations
R-3 Restorations, a faith-based organization, is dedicated to empowering individuals who have been affected by poverty, trauma, abuse, addiction, and/or incarceration. Its mission is to provide these individuals with dignified housing, opportunities, and resources, thereby enabling them to lead independent and dignified lives. The organization aims to transform broken and lost individuals into servant leaders, helping them discover their true identity and purpose. Through its initiatives, R-3 Restorations offers affordable housing, life skills training, and Bible studies. Additionally, it hosts Hangout Nights, providing a supportive environment for those who are transitioning out of rehabilitation or incarceration. The ultimate goal is to equip these individuals with the tools they need to overcome their challenges and build a brighter future for themselves.
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Impact
July, 2024
R-3 Restorations, through its Reset House, has a significant impact on individuals facing challenges such as poverty, trauma, abuse, addiction, and incarceration. By providing affordable housing, Bible studies, life skills training, and Hangout Nights, R-3 Restorations empowers these individuals to overcome their circumstances and transform into servant leaders. The organization's work aims to bring hope, dignity, and independence to those in need, ultimately helping them discover their true identity and purpose. R-3 Restorations plays a crucial role in supporting individuals and communities affected by these issues, offering opportunities for a better future.
This information is meant to be a general summary of R-3 Restorations. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Program Service Revenue: $110,466
- Gross Receipts: $467,324
Assets and Liabilities:
- Total Assets: $825,269
- Total Liabilities: $178,177
- Net Assets: $647,092
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
Rental Income
Revenue
$58,695
Fundraiser
Revenue
$6,000
Clothing Sales
Revenue
$45,771
Organization Details
Founding Year
2020
Phone
(859) 322-3831Principal Officer
Erich Switzer
Main Address
841 Isaella Street, Newport, KY, 41071
Website
www.resetministries.org/NTEE Category
Code: I40 - Crime
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