Morselife Health System Inc is located in West Palm Beach, FL. The organization was established in 1988. 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 05/2022, Morselife Health System Inc employed 92 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Morselife Health System 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 05/2022, Morselife Health System Inc generated $13.9m in total revenue. This organization has experienced exceptional growth, as over the past 7 years, it has increased revenue by an average of 14.4% each year . All expenses for the organization totaled $13.3m during the year ending 05/2022. While expenses have increased by 18.1% per year over the past 7 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
TO PROVIDE HEALTHCARE, HOUSING AND SUPPORT SERVICES FOR SENIORS IN PALM BEACH COUNTY.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE PALM BEACH SENIOR CARE HEALTH MANAGEMENT COMPANY, LLC WAS FORMED ON SEPTEMBER 30, 2013. IT IS A DISREGARDED ENTITY THAT PROVIDES MANAGEMENT SERVICES TO THE AFFILIATED COMPANIES OF MORSELIFE HEALTH SYSTEM, INC.
Name (title) | Role | Hours | Compensation |
---|---|---|---|
Richard Kropp Jr VP Of Human Resources | Officer | 40 | $398,996 |
Randy Wolan Controller | 40 | $203,370 | |
Michael Schultz Director Of It | 40 | $162,232 | |
Tiffany Thompson Director Of Human Resource | 40 | $154,083 | |
Sandra Schelkopf Assistant Controller | 40 | $118,824 | |
Palmer Shannian Sr Advisor,hr | 40 | $100,386 |
Vendor Name (Service) | Service Year | Compensation |
---|---|---|
Weil Gotshal & Manges Llp Legal Services | 5/30/22 | $4,585,715 |
Akin Gump Strauss Hauer And Feld Llp Legal Services | 5/30/22 | $317,844 |
Simpson Thacher And Bartlett Llp Legal Services | 5/30/22 | $1,358,987 |
Fti Consulting Technology Llc Legal Services | 5/30/22 | $316,695 |
Amplifii Management Llc Management Services | 5/30/22 | $8,380,171 |
Statement of Revenue | |
---|---|
Federated campaigns | $0 |
Membership dues | $0 |
Fundraising events | $0 |
Related organizations | $64,526 |
Government grants | $0 |
All other contributions, gifts, grants, and similar amounts not included above | $0 |
Noncash contributions included in lines 1a–1f | $0 |
Total Revenue from Contributions, Gifts, Grants & Similar | $64,526 |
Total Program Service Revenue | $13,592,034 |
Investment income | $264,928 |
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 | $13,921,488 |
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. | $446,404 |
Compensation of current officers, directors, key employees. | $446,404 |
Compensation to disqualified persons | $0 |
Other salaries and wages | $2,649,251 |
Pension plan accruals and contributions | $40,313 |
Other employee benefits | $196,603 |
Payroll taxes | $252,683 |
Fees for services: Management | $8,549,308 |
Fees for services: Legal | $466,557 |
Fees for services: Accounting | $16,457 |
Fees for services: Lobbying | $0 |
Fees for services: Fundraising | $0 |
Fees for services: Investment Management | $0 |
Fees for services: Other | $141,555 |
Advertising and promotion | $14,967 |
Office expenses | $83,976 |
Information technology | $76,631 |
Royalties | $0 |
Occupancy | $177,840 |
Travel | $28,636 |
Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
Conferences, conventions, and meetings | $19,926 |
Interest | $0 |
Payments to affiliates | $0 |
Depreciation, depletion, and amortization | $53,385 |
Insurance | $0 |
All other expenses | $84,035 |
Total functional expenses | $13,298,527 |
Balance Sheet | |
---|---|
Cash—non-interest-bearing | $446,781 |
Savings and temporary cash investments | $0 |
Pledges and grants receivable | $0 |
Accounts receivable, net | $11,870 |
Loans from Officers, Directors, or Controlling Persons | $0 |
Loans from Disqualified Persons | $0 |
Notes and loans receivable | $7,994,513 |
Inventories for sale or use | $0 |
Prepaid expenses and deferred charges | $296,656 |
Net Land, buildings, and equipment | $138,409 |
Investments—publicly traded securities | $0 |
Investments—other securities | $10,892 |
Investments—program-related | $0 |
Intangible assets | $0 |
Other assets | $1,629,806 |
Total assets | $10,528,927 |
Accounts payable and accrued expenses | $1,093,895 |
Grants payable | $0 |
Deferred revenue | $0 |
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 | $0 |
Total liabilities | $1,093,895 |
Net assets without donor restrictions | $9,435,032 |
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 | $10,528,927 |
Over the last fiscal year, we have identified 1 grants that Morselife Health System Inc has recieved totaling $21,000.
Awarding Organization | Amount |
---|---|
Kozloff Family Charitable Trust Quakertown, PA PURPOSE: DONEE'SDISCRETION | $21,000 |
Organization Name | Assets | Revenue |
---|---|---|
Brooks Skilled Nursing Facility A Inc Jacksonville, FL | $11,457,312 | $36,351,742 |
The Joseph L Morse Health Center Inc West Palm Beach, FL | $69,407,457 | $32,587,504 |
Plymouth Harbor Inc Sarasota, FL | $141,711,942 | $41,154,528 |
Hltc Inc Dalton, GA | $14,717,948 | $28,781,962 |
Florida Living Options Inc Brandon, FL | $12,885,832 | $28,738,947 |
University Extended Care Inc Augusta, GA | $49,011,454 | $30,818,406 |
River Garden Hebrew Home For The Aged Jacksonville, FL | $35,569,519 | $22,518,113 |
St Annes Nursing Center St Annes Residence Inc Miami, FL | $12,936,680 | $20,273,034 |
Pines Of Sarasota Foundation Inc Sarasota, FL | $15,800,149 | $2,089,067 |
Magnolia Manor Of Columbus Inc Americus, GA | $41,495,688 | $25,627,763 |
All Saints St Lukes Episcopal Home For The Retired Inc Atlanta, GA | $122,353,987 | $22,945,878 |
Sunbelt Health Care Centers Inc Maitland, FL | $22,749,086 | $16,508,709 |