The Joseph L Morse Health Center Inc
- Assets
- $65.5m
- Revenue
- $40.1m
- Investments
- $991.9k
- Employees
- 610
- Location
- West Palm Beach, FL
- Founding
- 03/1982
- Data as of
- 05/2023
- EIN
- 59-2120896
Organization Overview
The Joseph L Morse Health Center Inc is located in West Palm Beach, FL. The organization was established in 1982. According to its NTEE Classification (E91) the organization is classified as: Nursing Facilities, under the broad grouping of Health Care and related organizations. As of 05/2023, Joseph L Morse Health Center Inc employed 610 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Joseph L Morse Health Center Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 05/2023, Joseph L Morse Health Center Inc generated $40.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.1%) each year. All expenses for the organization totaled $43.2m during the year ending 05/2023. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2023
Describe the Organization's Mission:
Part 3 - Line 1
THE ORGANIZATION IS DEDICATED TO ENHANCING SENIOR LIVING IN THE SPIRIT OF JEWISH TRADITION.
Describe the Organization's Program Activity:
Part 3 - Line 4a
MORSE HEALTH CENTER IS A LICENSED 160 BED SKILLED NURSING FACILITY (SNF) THAT PROVIDES BOTH LONG TERM CARE AND SHORT TERM REHABILITATION SERVICES. THE LONG TERM SKILLED NURSING COMPONENT HELPS TO MAINTAIN AND RESTORE ITS RESIDENTS TO THEIR HIGHEST LEVEL OF FUNCTIONING. THE CENTER ALSO OPERATES A 52-UNIT MEMORY CARE ASSISTED LIVING FACILITY. THE FACILITY IS DESIGNATED AS A "GOLD SEAL" FACILITY (AWARDED TO LESS THAN 2% OF FLORIDA'S SNF'S). THE SHORT TERM STAY (STS) PROGRAM AVERAGES 38% OF THE POPULATION AND THIS PROGRAM PROVIDES MEDICAL, NURSING, AND REHABILITATION SERVICES TO RESIDENTS WITH A GOAL OF RETURNING THEM TO THE COMMUNITY. IN THE CURRENT YEAR, 550 INDIVIDUALS WERE DISCHARGED TO THE COMMUNITY. THE FACILITY IS CERTIFIED FOR MEDICAID/MEDICARE FUNDING & IS SURVEYED ANNUALLY BY THE AGENCY FOR HEALTH CARE ADMINISTRATION.
RENTAL INCOME, GIFT SHOP, AND CULINARY SERVICES TO AFFILIATES AND EMPLOYEES.
THE INSTITUTE FOR GERIATRIC RESEARCH HAS A FORMAL ACADEMIC RELATIONSHIP WITH THE UNIVERSITY OF MIAMI SCHOOL OF GERIATRIC MEDICINE, FLORIDA ATLANTIC UNIVERSITY (FAU) AND NOVA SOUTHEASTERN UNIVERSITY. POST-DOCTORAL MEDICAL STUDENTS FROM THE UNIVERSITY OF MIAMI ROTATE THROUGH THE FACILITY EACH MONTH. MEDICAL STUDENTS FROM FAU, AND NOVA ARE PLACED AT THE MORSE GERIATRIC CAMPUS FOR CLINICAL ROTATIONS. THE INSTITUTE HAS FIELD WORK AND PRECEPTOR RELATIONS IN ALL THE ALLIED HEALTH PROFESSIONS INCLUDING NURSING, SOCIAL WORK, PHYSICAL THERAPY, OCCUPATIONAL THERAPY, NUTRITION, AND COUNSELING. THE INSTITUTE HAS COMPLETED ORIGINAL RESEARCH ON TOPICS RANGING FROM ENHANCING NUTRITION, REMOTE WIRELESS MONITORING, AND WORKFORCE RECRUITMENT AND RETENTION STRATEGIES. SEE SCHEDULE O FOR ADDITIONAL INFORMATION.THE INSTITUTE HAS WRITTEN AND/OR COLLABORATED TO WRITE GRANTS DEMONSTRATING BEST PRACTICES WITH BOTH PRIVATE AND PUBLIC FOUNDATIONS. THE MORSELIFE LEARNING INSTITUTE WAS DEVELOPED TO PROVIDE TRAINING TO RESIDENTS, FAMILY MEMBERS, AND PROFESSIONALS.
THE NURSING EDUCATION PROGRAM IS DESIGNED TO MEET BOTH THE MANDATED TRAINING NEEDS OF NURSES AND PROVIDE ENHANCED SKILLS OF BOTH DIRECT CARE AND MANAGEMENT STAFF. A MONTHLY CALENDAR OF EVENTS, TYPICALLY MORE THAN TEN CLASSES EACH MONTH, IS OFFERED TO NURSING AND GERIATRIC CENTER STAFF. THESE EDUCATIONAL SESSIONS MEET THE REQUIREMENTS FOR LICENSURE AND PROVIDE SPECIFIC LEARNING INSTRUCTION IN AREAS THAT NURSING MANAGEMENT HAS DETERMINED AS PRIORITY NEEDS FOR THE CARE OF THE FACILITY'S RESIDENTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Carol Crawfored Chairman | OfficerTrustee | 2 | $0 |
Gail Fischer Treasurer/secretary | OfficerTrustee | 2 | $0 |
Terri C Sriberg Director | Trustee | 2 | $0 |
Marilyn Katz Director | Trustee | 2 | $0 |
Stanley M Katz Director | Trustee | 2 | $0 |
David S Mack Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morselife Health Systems Inc Management Services | 5/30/23 | $3,395,884 |
Looking Upward Staffing Agency | 5/30/23 | $505,289 |
Moore Stephens Lovelace Accounting | 5/30/23 | $325,635 |
Ullman Bursa Llc Legal Services | 5/30/23 | $227,008 |
Knight Electric Co Inc Electrical Services | 5/30/23 | $188,404 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $1,291,531 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $2,750,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,041,531 |
| Total Program Service Revenue | $35,315,236 |
| Investment income | $239,627 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $464,520 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $40,060,914 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $1,338,159 |
| Compensation of current officers, directors, key employees. | $521,882 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $17,463,996 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $785,341 |
| Payroll taxes | $1,743,973 |
| Fees for services: Management | $3,395,884 |
| Fees for services: Legal | $240,596 |
| Fees for services: Accounting | $105,366 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $1,573,794 |
| Advertising and promotion | $201,929 |
| Office expenses | $319,759 |
| Information technology | $502,227 |
| Royalties | $0 |
| Occupancy | $2,291,222 |
| Travel | $13,374 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $35,020 |
| Interest | $1,217,209 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,132,096 |
| Insurance | $1,070,867 |
| All other expenses | $1,041,302 |
| Total functional expenses | $43,196,389 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $161,470 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $3,902,976 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $4,368,444 |
| Inventories for sale or use | $600,548 |
| Prepaid expenses and deferred charges | $1,132,420 |
| Net Land, buildings, and equipment | $46,528,804 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $991,929 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $7,843,940 |
| Total assets | $65,530,531 |
| Accounts payable and accrued expenses | $4,908,065 |
| Grants payable | $0 |
| Deferred revenue | $1,587 |
| Tax-exempt bond liabilities | $38,408,054 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $1,467,033 |
| Total liabilities | $44,784,739 |
| Net assets without donor restrictions | $20,745,792 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $65,530,531 |