Fisher-Nightingale Houses, Inc. Financial Status – 2016
In July 2017, Fisher/Nightingale Houses, Inc. received the final evaluation of the 2016 financial reports audited by Flagel, Huber, Flagel & Co.
» Program expenses for 2016 were identified as $126,853 (or 77.45% of total expenses). (The Better Business Bureau (BBB) standard is that the organization must obligate at least 65% of its expenses to the Program expense area.)
» Fund-raising expenses for 2016 were identified as $10,685 (or 6.52% of total expenses) and Administrative expenses for 2016 were identified as $26,244 (or 16.02% of total expenses) for a total expense of $36,929 (or 22.55% of total expenses). (The BBB standard is that the organization must obligate no more than 35% of its expenses to Fund-raising and Administrative expense areas.)
As a percentage of total income, fund-raising and administration expenses were 3.95%.
Income for 2016 was identified as $934,542 (unrestricted). Total operating expenses for 2016 were $163,782, reflecting a total surplus in 2016 of $770,760 (ending net assets of Fisher/Nightingale Houses, Inc. were $2,386,855).