Morselife Health System Inc

Organization Overview

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.

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.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Weil Gotshal & Manges Llp
Legal Services
$4,585,715
Akin Gump Strauss Hauer And Feld Llp
Legal Services
$317,844
Simpson Thacher And Bartlett Llp
Legal Services
$1,358,987
Fti Consulting Technology Llc
Legal Services
$316,695
Amplifii Management Llc
Management Services
$8,380,171
View All Vendors

Financial Statements

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

Grants Recieved

Over the last fiscal year, we have identified 1 grants that Morselife Health System Inc has recieved totaling $21,000.

Awarding OrganizationAmount
Kozloff Family Charitable Trust

Quakertown, PA

PURPOSE: DONEE'SDISCRETION

$21,000
View Grant Recipient Profile

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