Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $712,837

• 1f · All other contributions, gifts and grants

  $290,916

• 2a · Program service revenue: NET RESIDENT SERVICE REVENUE

  total $35,329,640 · related or exempt $35,329,640

• 2b · Program service revenue: OTHER RESIDENT SERVICE REVENUE

  total $2,727,919 · related or exempt $2,727,919

• 2f · All other program service revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 3 · Investment income

  total $41,704 · excluded $41,704

• 6a · Gross rents

  real property $493,054

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $493,054 · personal property $0

• 6d · Net rental income or loss

  total $493,054 · related or exempt $493,054

• 7c · Gain or loss

  securities $0 · other assets $0

• 11d · All other revenue

  total $0 · related or exempt $0 · unrelated business $0 · excluded $0

• 11e · Other revenue, total

  $0

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $1,398,343 · program services $717,451 · management and general $680,892

• 7 · Other salaries and wages

  total $19,098,266 · program services $18,462,106 · management and general $636,160

• 8 · Pension plan contributions

  total $35,520 · program services $21,926 · management and general $13,594

• 9 · Other employee benefits

  total $929,877 · program services $868,580 · management and general $61,297

• 10 · Payroll taxes

  total $1,848,821 · program services $1,752,051 · management and general $96,770

• 11a · Fees: management

  total $3,365,666 · management and general $3,365,666

• 11b · Fees: legal

  total $582,063 · management and general $582,063

• 11c · Fees: accounting

  total $96,214 · management and general $96,214

• 11g · Fees: other

  total $1,043,472 · program services $994,180 · management and general $49,292 · fundraising $0

• 12 · Advertising and promotion

  total $169,348 · management and general $169,348

• 13 · Office expenses

  total $371,353 · program services $150,485 · management and general $220,868

• 14 · Information technology

  total $549,885 · program services $433,858 · management and general $116,027

• 16 · Occupancy

  total $2,010,562 · program services $1,964,786 · management and general $45,776

• 17 · Travel

  total $56,961 · program services $24,055 · management and general $32,906

• 20 · Interest

  total $1,237,175 · program services $1,166,818 · management and general $70,357

• 22 · Depreciation, depletion and amortization

  total $3,974,467 · program services $3,974,467

• 23 · Insurance

  total $1,069,112 · program services $14,502 · management and general $1,054,610

• 24a · Other expenses: DIETARY/FOOD EXPENSES

  total $3,671,391 · program services $3,671,391

• 24b · Other expenses: MEDICAL SUPPLIES

  total $2,524,654 · program services $2,524,654

• 24c · Other expenses: QUALITY ASSESSMENT FEE

  total $813,360 · program services $813,360

• 24d · Other expenses: RECRUITMENT AND RETENTION

  total $216,308 · program services $547 · management and general $215,761

• 24e · All other expenses

  total $207,867 · program services $192,131 · management and general $15,736 · fundraising $0

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,266,805 · end of year $142,924

• 4 · Accounts receivable

  beginning of year $4,484,566 · end of year $3,148,379

• 5 · Loans and receivables from officers and key people

  beginning of year $0 · end of year $0

• 6 · Loans and receivables from disqualified persons

  beginning of year $0 · end of year $0

• 7 · Other notes and loans receivable

  beginning of year $2,748,043 · end of year $3,057,296

• 8 · Inventories for sale or use

  beginning of year $252,253 · end of year $225,197

• 9 · Prepaid expenses and deferred charges

  beginning of year $1,125,310 · end of year $820,697

• 10a · Land, buildings and equipment: cost or other basis

  $108,598,882

• 10b · Land, buildings and equipment: accumulated depreciation

  $67,996,545

• 10c · Land, buildings and equipment, net

  beginning of year $43,475,597 · end of year $40,602,337

• 11 · Investments: publicly traded securities

  beginning of year $1,125,718 · end of year $1,215,903

• 12 · Investments: other securities

  beginning of year $0

• 13 · Investments: program-related

  beginning of year $0

• 15 · Other assets

  beginning of year $7,498,983 · end of year $5,310,840

• 17 · Accounts payable and accrued expenses

  beginning of year $4,501,292 · end of year $4,636,681

• 19 · Deferred revenue

  beginning of year $1,587 · end of year $374,741

• 20 · Tax-exempt bond liabilities

  beginning of year $37,692,547 · end of year $36,952,691

• 22 · Loans and payables to officers and key people

  beginning of year $0 · end of year $0

• 25 · Other liabilities

  beginning of year $2,287,006 · end of year $1,658,864

• 27 · Net assets without donor restrictions

  beginning of year $17,494,843 · end of year $10,900,596

The filer's explanations (Part III)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan

JOSEPH L. MORSE HEALTH CENTER, INC. MAINTAINS TWO NONQUALIFIED EMPLOYEE DEFERRED COMPENSATION PLANS OPEN TO CERTAIN KEY EMPLOYEES UNDER INTERNAL REVENUE CODE 457(B) AND SECTION 457(F) (COLLECTIVELY, THE 457 PLANS). THE 457 PLANS PROVIDE, AMONG OTHER THINGS, FOR VOLUNTARY CONTRIBUTIONS TO BE MADE BY ELIGIBLE PARTICIPANTS. THESE FUNDS REMAIN THE PROPERTY OF MORSELIFE HEALTH SYSTEM, INC. AND SUBSIDIARIES. MORSELIFE HEALTH SYSTEM, INC. AND SUBSIDIARIES HAVE A FIDUCIARY DUTY OF ACCOUNTABILITY FOR THESE FUNDS. JOSEPH L. MORSE HEALTH CENTER, INC. MADE CONTRIBUTIONS ON BEHALF OF THE FOLLOWING LISTED EMPLOYEE(S) THAT PARTICIPATED IN THE DEFERRED COMPENSATION PLAN UNDER IRC. SEC. 457(B): DHANA, KARL - $8,100 HEWES, TRISHA - $3,218