# Project Hope Inc

Health Center, NJ
Page: https://astrelis.co/providers/health_center/311890  
This twin: https://astrelis.co/providers/health_center/311890.md  
CMS Certification Number (CCN): 311890  
Release: 2321a4fc37a7 (2026-10-22)

## Headline figures (fiscal years on file: 2019 to 2025)

- **Operating margin (FY2025):** -449.5%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center
- **Total operating revenue (FY2025):** $0.7M. Reported value. Definition: https://astrelis.co/methodology#health-center
- **Total margin (including nonoperating) (FY2025):** +10.8%. Astrelis calculation. Definition: https://astrelis.co/methodology#health-center

## Audited financial statements (Federal Audit Clearinghouse)

Read from the FAC-11 template of the audited statements: every line, every ratio and every status column print as the template carries them, and no figure is withheld. A report's tie status says whether its statements foot; a ratio's plausibility status says whether it sits inside its possible range; a median of fewer than five values says so. The figures were not audited by Astrelis. Contract: https://astrelis.co/methodology/fqhc-audit-contract

### PROJECT HOPE, NJ

Match to this profile: matched by name (method: normalized name and ZIP (FACLAND tier 2)).

- FY ending 2025-12-31 (audit year 2025): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2025-12-GSAFAC-0000426061
- FY ending 2024-12-31 (audit year 2024): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2024-12-GSAFAC-0000396810
- FY ending 2023-12-31 (audit year 2023): ties in full; audit as filed https://app.fac.gov/dissemination/summary/2023-12-GSAFAC-0000419545

| Line | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| cash and investments (current) (Statement of financial position) | 658,440 [derived, p.5] | 278,448 [derived, p.5] | 156,049 [derived, p.6] |
| patient receivables, net (Statement of financial position) | 652,537 [derived, p.5] | 306,675 [derived, p.5] | 289,845 [derived, p.6] |
| grants and other receivables (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| other current assets (Statement of financial position) | 35,515 [derived, p.5] | 29,915 [derived, p.5] | absent (not printed, or not read) |
| TOTAL CURRENT ASSETS (Statement of financial position) | 1,346,492 [extracted, p.5] | 615,038 [extracted, p.5] | 445,894 [extracted, p.6] |
| property and equipment, net (Statement of financial position) | 3,601,370 [derived, p.5] | 3,723,430 [derived, p.5] | 3,845,490 [derived, p.6] |
| other long-term assets (Statement of financial position) | 121,297 [derived, p.5] | 140,587 [derived, p.5] | 158,065 [derived, p.6] |
| TOTAL ASSETS (Statement of financial position) | 5,069,159 [extracted, p.5] | 4,479,055 [extracted, p.5] | 4,449,449 [extracted, p.6] |
| payables and accrued expenses (Statement of financial position) | 26,750 [derived, p.5] | 20,254 [derived, p.5] | 18,092 [derived, p.6] |
| deferred revenue (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| current debt and leases (Statement of financial position) | 412,019 [derived, p.5] | 220,406 [derived, p.5] | 267,812 [derived, p.6] |
| other current liabilities (Statement of financial position) | 470,214 [derived, p.5] | 386,158 [derived, p.5] | 150,266 [derived, p.6] |
| TOTAL CURRENT LIABILITIES (Statement of financial position) | 908,983 [extracted, p.5] | 626,818 [extracted, p.5] | 436,170 [extracted, p.6] |
| long-term debt and leases (Statement of financial position) | 102,405 [derived, p.5] | 123,296 [derived, p.5] | 142,586 [derived, p.6] |
| other long-term liabilities (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL LIABILITIES (Statement of financial position) | 1,011,388 [extracted, p.5] | 750,114 [extracted, p.5] | absent (not printed, or not read) |
| net assets without donor restrictions (Statement of financial position) | 4,057,771 [derived, p.5] | 3,728,941 [derived, p.5] | 3,870,693 [derived, p.6] |
| net assets with donor restrictions (Statement of financial position) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL NET ASSETS (Statement of financial position) | 4,057,771 [extracted, p.5] | 3,728,941 [extracted, p.5] | 3,870,693 [extracted, p.6] |
| patient service revenue, net (Statement of activities) | 1,156,454 [derived, p.6] | 1,041,801 [derived, p.6] | 1,418,721 [derived, p.7] |
| pharmacy and 340B revenue (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| federal grants (Statement of activities) | 2,096,686 [derived, p.6] | 2,534,488 [derived, p.6] | 2,903,175 [derived, p.7] |
| other grants and contracts (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| contributions (Statement of activities) | absent (not printed, or not read) | 1,800 [derived, p.6] | absent (not printed, or not read) |
| other revenue (Statement of activities) | 1,548,889 [derived, p.6] | 213,123 [derived, p.6] | 662,129 [derived, p.7] |
| TOTAL REVENUE AND SUPPORT (Statement of activities) | 4,802,029 [extracted, p.6] | 3,791,212 [extracted, p.6] | 4,984,025 [extracted, p.7] |
| salaries and benefits (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| supplies and pharmaceuticals (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| purchased and professional services (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| occupancy (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| depreciation and amortization (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| interest (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| other expenses (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| TOTAL EXPENSES (Statement of activities) | 4,473,199 [extracted, p.6] | 3,932,964 [extracted, p.6] | 5,343,960 [extracted, p.7] |
| OPERATING RESULT (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| non-operating and other changes (Statement of activities) | absent (not printed, or not read) | absent (not printed, or not read) | absent (not printed, or not read) |
| CHANGE IN NET ASSETS (Statement of activities) | 328,830 [extracted, p.6] | -141,752 [extracted, p.6] | -359,935 [extracted, p.7] |
| net assets, beginning (Statement of activities) | 3,728,941 [extracted, p.6] | 3,870,693 [extracted, p.6] | 4,230,628 [extracted, p.7] |
| net assets, end (Statement of activities) | 4,057,771 [extracted, p.6] | 3,728,941 [extracted, p.6] | 3,870,693 [extracted, p.7] |

| Ratio | FY ending 2025-12-31 | FY ending 2024-12-31 | FY ending 2023-12-31 |
|---|---:|---:|---:|
| Days cash on hand | absent [not computed] | absent [not computed] | absent [not computed] |
| Current ratio | 1.48x [plausible] | 0.98x [plausible] | 1.02x [plausible] |
| Operating margin | absent [not computed] | absent [not computed] | absent [not computed] |
| Total margin | 6.8% [plausible] | -3.7% [plausible] | -7.2% [plausible] |
| Patient revenue share | 24.1% [plausible] | 27.5% [plausible] | 28.5% [plausible] |
| Grant dependency | absent [not computed] | absent [not computed] | absent [not computed] |
| Salaries share | absent [not computed] | absent [not computed] | absent [not computed] |
| Days in patient receivables | 206 days [plausible] | 108 days [plausible] | 75 days [plausible] |
| Debt to net assets | 0.13x [plausible] | 0.09x [plausible] | 0.11x [plausible] |
| Health center award share | absent [not computed] | absent [not computed] | absent [not computed] |

## Sources

Organization not established: no HRSA Uniform Data System organization is attached to this site, so no organization figure is read. CMS HCRIS cost reports, form CMS-224-14, as filed (the Medicare cost-report appendix). Federal Audit Clearinghouse single audits as filed (PROJECT HOPE; FAC-11 template snapshot, SRC-FAC-001); the organization match is matched by name.

Methodology: https://astrelis.co/methodology · Data sources: https://astrelis.co/data-sources · Data philosophy: https://astrelis.co/data-philosophy

## Cite this page

Astrelis Atlas, "Project Hope Inc", https://astrelis.co/providers/health_center/311890, release 2321a4fc37a7 (2026-10-22). Figures as filed in the named public sources; not audited by Astrelis.

Figures are as filed in the named public sources. Astrelis is not a CPA firm and performs no audit, review or attestation of any facility.