CIRCLE OF HOPE INC

EIN: 263478964 501(c)(3) Religion

NEEDHAM, MA

Total Revenue
$2,118,828
Total Expenses
$1,811,142
Total Assets
$1,182,250
Net Assets
$874,820
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Financial Vulnerability Assessment (Tuckman-Chang)

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Financial Trends

Organization Details

Formation Year
2008
Legal Domicile
MA
Principal Officer
ARI BARBANELL
Phone
7814493700
Tax Period
2024-07-01 to 2025-06-30

CIRCLE OF HOPE INC, founded in 2008, is a community nonprofit in the Religion sector that reported $2.1M in total revenue in fiscal year 2024. Revenue surged 61% from the prior year, signaling strong growth momentum. Expenses of $1.8M left a modest 15% surplus.

Mission

CIRCLE OF HOPE'S MISSION IS TO PROVIDE INDIVIDUALS AND FAMILIES EXPERIENCING HOMELESSNESS AND HOUSING INSECURITY WITH CLOTHING AND HYGIENE ESSENTIALS TO PROMOTE HEALTH AND OPPORTUNITY.

Program Service Accomplishments

Program 1
Expenses: $1,442,211

TO PROVIDE HOMELESS PEOPLE IN AND AROUND BOSTON WITH CERTAIN NECESSITIES.

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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 $1,817,543
Program Service Revenue $0
Investment Income $1,514
Other Revenue $299,771
TOTAL REVENUE $2,118,828

Expense Breakdown

Grants Paid $1,118,683
Salaries & Benefits $483,232
Fundraising Expenses $224,152
Program Expenses $1,442,211
Other Expenses $209,227
TOTAL EXPENSES $1,811,142

Year-over-Year Comparison

2024 2023 Change
Revenue $2,118,828 $1,319,255 +0.6%
Expenses $1,811,142 $1,598,817 +0.1%
Net Income $307,686 $-279,562 -2.1%
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

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

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Governance

Voting Members
9
Independent Members
9
Employees
9
Volunteers
N/A

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
$153,202
Total Directors
9
$153,202
Key Employees
0
$0
Highest Compensated
0
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
ARI BARBANELL KASSIRER EXECUTIVE DIRECTOR 40.00
Officer Director
$153,202 $0 $153,202
PETER DONOVAN CHAIR 4.00
Officer Director
$0 $0 $0
FRANCHESCA CARRINGTON CLERK 1.00
Director
$0 $0 $0
CAROLYN LYONS DIRECTOR 2.00
Officer Director
$0 $0 $0
JULIE ROSEN DIRECTOR 1.00
Director
$0 $0 $0
PHILIP SHAPIRO DIRECTOR 1.00
Director
$0 $0 $0
ALANA ANDERSON SECRETARY 1.00
Officer Director
$0 $0 $0
MARIETTE BIEN-AIME AYALA DIRECTOR 1.00
Director
$0 $0 $0
MICHAEL SULLIVAN TREASURER 1.00
Director
$0 $0 $0
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 $2,118,828 $1,811,142 $1,182,250 $307,686
2024 $1,319,255 $1,598,817 $925,473 $-279,562
2023 $1,560,581 $1,415,259 $1,249,355 $145,322
2022 $1,325,461 $1,147,253 $726,193 $178,208
2021 $1,178,455 $1,048,429 $543,201 $130,026
2020 $916,780 $816,219 $436,091 $100,561
2019 $1,104,625 $1,017,484 $306,383 $87,141
2018 $812,259 $802,939 $213,171 $9,320
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