Fisher-Nightingale Houses, Inc. Financial Status – 2018
In November 2019, the Fisher/Nightingale Houses, Inc. received the final evaluation of the 2018 financial reports audited by Flagel, Huber, Flagel & Co.
» Program expenses for 2018 were identified as $678,436 (or 92.63% 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 2018 were identified as $17,088 (or 2.33% of total expenses) and Administrative expenses for 2018 were identified as $36.860 (or 5.04% of total expenses) for a total expense of $53,948 (or 7.37% 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 income, fund-raising and administration expenses were 12.32%.
Income for 2018 was identified as $437,921 (unrestricted). Total operating expenses for 2018 were $732,384, reflecting a total loss in 2018 of $294,463 (ending net assets of the Fisher/Nightingale Houses, Inc. were $2,683,145).
Fisher-Nightingale Houses, Inc. Financial Status – 2019
The preliminary/unaudited figures for 2019 indicate operational support income of $689,760 plus income into The Dayton Foundation account for the new Fisher House at the Dayton VA Medical Center of $7,025.
For 2019, there were total expenses of $602,163. Therefore, there was an $94,622 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, cable/internet and DirecTV and bottled water services to support the house operations. When the Fisher Houses are full, the FNHI also pays for overflow guests in Wright-Patt Billeting, the Hope Hotel and local hotels. The organization also proffered gifts directly to the U.S. Government for the operations of the Houses such as landscaping services at all three Fisher house locations, a storage building for the Wright-Patt Fisher Houses, hardwood flooring in Wright-Patt Fisher House II (replacing carpeting in each of the 16 bedrooms), cleaning of the air ducts in Wright-Patt Fisher House I, a secure entrance system at the Dayton VA Fisher Houses, upgrade of the guest golf cart at the Dayton VA Fisher House, tile and grout cleaning at the Dayton VA Fisher House, and hotel signage for the Dayton VA Fisher Houses.
Final/audited figures will be provided and posted to our website once the formal audit is concluded in the Fall of 2020.