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).
Fisher-Nightingale Houses, Inc. Financial Status – 2017
The preliminary/unaudited figures for 2017 indicate operational support income of $783,437 plus income into The Dayton Foundation account for the new Fisher House at the Dayton VA Medical Center of $32,358.
For 2017, there were total expenses of $235,067. Therefore, there was a $580,728 operational support surplus recognized by the Fisher/Nightingale Houses, Inc.
The organization regularly purchased items in support of the Fisher House guests such as Visa cards for the House Managers to use to support the house operations and gift cards for the House Managers to sponsor meals in the Houses for the guests. The organization also proffered gifts directly to the U.S. Government for the operations of the Houses.
Note: Final/audited figures will be provided once the formal audit is concluded in the Fall of 2018.