Financial Information

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.

Financial Documents

2018 Financial Audit
2018 990 Form
2017 990 Form
2016 990 Form

2018 Annual Report
IRS 501c3 Letter