Morselife Home Care Inc
- Assets
- $33.4m
- Revenue
- $88.7m
- Investments
- $0.0
- Employees
- 777
- Location
- West Palm Beach, FL
- Founding
- 07/1987
- Data as of
- 05/2023
- EIN
- 59-2753822
Organization Overview
Morselife Home Care Inc is located in West Palm Beach, FL. The organization was established in 1987. According to its NTEE Classification (E92) the organization is classified as: Home Health Care, under the broad grouping of Health Care and related organizations. As of 05/2023, Morselife Home Care Inc employed 777 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morselife Home Care 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, Morselife Home Care Inc generated $88.7m in total revenue. This organization has experienced exceptional growth, as over the past 8 years, it has increased revenue by an average of 18.1% each year . All expenses for the organization totaled $83.8m during the year ending 05/2023. While expenses have increased by 18.3% per year over the past 8 years. They've been increasing with an increasing level of total revenue. 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
TO HELP CLIENTS MAINTAIN THEIR INDEPENDENCE BY REMAINING IN THEIR OWN HOMES.
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME CARE - THE AGENCY'S GOAL IS TO HELP CLIENTS MAINTAIN THEIR INDEPENDENCE BY REMAINING IN THEIR OWN HOMES FOR AS LONG AS IS FEASIBLY POSSIBLE. HOME CARE SERVICES INCLUDE ASSISTANCE WITH THE ACTIVITIES OF DAILY LIVING, COMPANIONSHIP, TRANSPORTATION AND HOME-MAKING AS WELL AS NURSING ASSESSMENTS TO DEVELOP CARE PLANS. THIS PROGRAM SERVED 1,543 CLIENTS DURING THE FISCAL YEAR ENDED MAY 31, 2022.
OUTPATIENT - THIS PROGRAM PROVIDES SKILLED SERVICE INCLUDING NURSING, PHYSICAL THERAPY, OCCUPATIONAL THERAPY AND SPEECH THERAPY TO MEDICARE RECIPIENTS WHO MEET THE CONDITIONS OF PARTICIPATION FOR HOME BOUND SERVICES. THIS MEDICARE CERTIFIED PROGRAM IS STRICTLY MONITORED BY CMS (CENTER FOR MEDICAID AND MEDICARE SERVICES) AND A FISCAL INTERMEDIARY (IN THIS CASE PALMETTO GBA) UNDER STRICT FEDERAL GUIDELINES.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Terri C Sriberg Chairman | OfficerTrustee | 2 | $0 |
Vicki Loring Treasurer/secretary | OfficerTrustee | 2 | $0 |
Marilyn Zelnick Berman Director | Trustee | 2 | $0 |
Richard Comiter Director | Trustee | 2 | $0 |
Marilyn Katz Director | Trustee | 2 | $0 |
Stanley M Katz Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Morselife Health Systems Inc Management Services | 5/30/23 | $4,433,742 |
Tabula Rasa Healthcare Inc Healthcare Services | 5/30/23 | $1,222,635 |
Amicable Home Health Care Inc Home Health Agency | 5/30/23 | $490,779 |
Acevedo Consutling Incorporated Medical Coding Consultant | 5/30/23 | $140,402 |
Ballard Partners Inc Consultant | 5/30/23 | $130,296 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $339,124 |
| Government grants | $110,335 |
| All other contributions, gifts, grants, and similar amounts not included above | $25,000 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $474,459 |
| Total Program Service Revenue | $87,218,451 |
| Investment income | $908,307 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| 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 | $88,741,008 |
| 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. | $1,551,257 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $20,756,926 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $728,693 |
| Payroll taxes | $2,214,279 |
| Fees for services: Management | $4,433,742 |
| Fees for services: Legal | $5,130 |
| Fees for services: Accounting | $49,362 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $2,574,393 |
| Advertising and promotion | $54,957 |
| Office expenses | $493,863 |
| Information technology | $581,044 |
| Royalties | $0 |
| Occupancy | $4,077,025 |
| Travel | $264,096 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $33,379 |
| Interest | $8,105 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $554,659 |
| Insurance | $1,910,941 |
| All other expenses | $280,907 |
| Total functional expenses | $83,791,814 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $583,842 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,634,016 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $26,037,862 |
| Inventories for sale or use | $23,653 |
| Prepaid expenses and deferred charges | $1,307,112 |
| Net Land, buildings, and equipment | $2,502,057 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,282,308 |
| Total assets | $33,370,850 |
| Accounts payable and accrued expenses | $3,518,383 |
| Grants payable | $0 |
| Deferred revenue | $290,154 |
| Tax-exempt bond liabilities | $0 |
| 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 | $6,734,751 |
| Total liabilities | $10,543,288 |
| Net assets without donor restrictions | $22,827,562 |
| 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 | $33,370,850 |