PROJECT HOPE OF MARION COUNTY INC

EIN: 208657795 501(c)(3) Human Services

OCALA, FL

Total Revenue
$1,312,685
Total Expenses
$1,003,675
Total Assets
$2,386,872
Net Assets
$2,171,866
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2007
Legal Domicile
FL
Principal Officer
MICHAEL BIANCULLI
Phone
3526244673
Tax Period
2024-07-01 to 2025-06-30

PROJECT HOPE OF MARION COUNTY INC, founded in 2007, is a community nonprofit in the Human Services sector that reported $1.3M in total revenue in fiscal year 2024. Revenue surged 38% from the prior year, signaling strong growth momentum. The organization ran a surplus of $309K, a strong 24% operating margin.

Mission

TO PROVIDE SERVICES FOR HOMELESS FAMILIES IN MARION COUNTY BY PROVIDING PERMANENT SUPPORTIVE HOUSING AS WELL AS AFFORDABLE HOUSING THROUGH PROGRAMS THAT ENCOURAGE SELF-SUFFICIENCY.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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

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Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $1,043,536
Program Service Revenue $187,401
Investment Income $13,120
Other Revenue $68,628
TOTAL REVENUE $1,312,685

Expense Breakdown

Grants Paid $0
Salaries & Benefits $320,419
Fundraising Expenses $0
Program Expenses $801,207
Other Expenses $683,256
TOTAL EXPENSES $1,003,675

Year-over-Year Comparison

2024 2023 Change
Revenue $1,312,685 $949,633 +0.4%
Expenses $1,003,675 $845,951 +0.2%
Net Income $309,010 $103,682 +2.0%
Key Indicators
✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required
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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

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Liquidity & Cash Position

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Governance

Voting Members
11
Independent Members
11
Employees
8
Volunteers
14

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
4
$96,226
Total Directors
11
$0
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
SUSIE CRABB DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL BIANCULLI PRESIDENT 4.00
Officer Director
$0 $0 $0
JOHN ALVAREZ DIRECTOR 1.00
Director
$0 $0 $0
JEFF BAKER SECRETARY/TREASURER 4.00
Officer Director
$0 $0 $0
JASON HALSTEAD DIRECTOR 1.00
Director
$0 $0 $0
HOLLY LANKER VICE PRESIDENT 4.00
Officer Director
$0 $0 $0
RS SKIP ARCHIBALD DIRECTOR 1.00
Director
$0 $0 $0
KELLY THOMPSON DIRECTOR 1.00
Director
$0 $0 $0
INGRID WASSERFALL DIRECTOR 1.00
Director
$0 $0 $0
SCOTT SCHUCK DIRECTOR 1.00
Director
$0 $0 $0
THERESA GLENN DIRECTOR 1.00
Director
$0 $0 $0
APRIL MCDONALD ED, NON-VOTING 40.00
Officer
$96,226 $0 $96,226
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 $1,312,685 $1,003,675 $2,386,872 $309,010
2024 No data No data No data No data
2023 $912,560 $687,258 $1,843,657 $225,302
2022 $670,803 $576,474 $1,609,200 $94,329
2021 $601,128 $502,573 $1,507,754 $98,555
2020 $490,204 $467,417 $1,445,472 $22,787
2019 $765,604 $332,029 $1,405,794 $433,575
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