Fisher-Nightingale Houses, Inc. Financial Status – 2017
In October 2018, Fisher-Nightingale Houses, Inc. received the final evaluation of the 2017 financial reports audited by Flagel, Huber, Flagel & Co.
» Program expenses for 2017 were identified as $156,852 (or 77.55% 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 2017 were identified as $15,329 (or 7.58% of total expenses) and Administrative expenses for 2017 were identified as $30,079 (or 14.87% of total expenses) for a total expense of $45,408 (or 22.45% 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 5.73%.
Income for 2017 was identified as $793,013 (unrestricted). Total operating expenses for 2017 were $202,260, reflecting a total surplus in 2017 of $590,753 (ending net assets of Fisher/Nightingale Houses, Inc. were $2,977,608).
Note: Final/audited figures will be provided once the formal audit is concluded in the Fall of 2019.