Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1f · All other contributions, gifts and grants

  $800

• 2a · Program service revenue: MANAGEMENT FEE INCOME

  total $17,042,678 · related or exempt $17,042,678

• 3 · Investment income

  total $354,322 · excluded $354,322

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $475,639 · management and general $475,639

• 7 · Other salaries and wages

  total $3,101,465 · program services $2,014,435 · management and general $1,087,030

• 8 · Pension plan contributions

  total $25,000 · management and general $25,000

• 9 · Other employee benefits

  total $138,496 · program services $75,651 · management and general $62,845

• 10 · Payroll taxes

  total $373,046 · program services $155,173 · management and general $217,873

• 11a · Fees: management

  total $10,426,261 · program services $2,897,935 · management and general $7,528,326

• 11b · Fees: legal

  total $110,751 · management and general $110,751

• 11c · Fees: accounting

  total $14,750 · program services $8,604 · management and general $6,146

• 11g · Fees: other

  total $174,079 · management and general $174,079

• 12 · Advertising and promotion

  total $300 · program services $300

• 13 · Office expenses

  total $77,765 · program services $32,630 · management and general $45,135

• 14 · Information technology

  total $94,455 · program services $94,286 · management and general $169

• 16 · Occupancy

  total $105,268 · program services $6,540 · management and general $98,728

• 17 · Travel

  total $74,085 · program services $20,821 · management and general $53,264

• 19 · Conferences, conventions and meetings

  total $14,388 · program services $3,182 · management and general $11,206

• 20 · Interest

  total $1,922 · management and general $1,922

• 22 · Depreciation, depletion and amortization

  total $82,082 · program services $47,762 · management and general $34,320

• 23 · Insurance

  total $89,286 · management and general $89,286

• 24a · Other expenses: RECRUITMENT AND RETENTI

  total $69,885 · program services $2,881 · management and general $67,004

• 24b · Other expenses: MEALS AND ENTERTAINEMEN

  total $27,057 · program services $6,172 · management and general $20,885

• 24c · Other expenses: UNIFORMS

  total $3,935 · program services $3,109 · management and general $826

• 24d · Other expenses: ADMINISTRATIVE GRANTS

  total $1,500 · management and general $1,500

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $857,700 · end of year $1,079,755

• 7 · Other notes and loans receivable

  beginning of year $8,543,771 · end of year $5,596,585

• 9 · Prepaid expenses and deferred charges

  beginning of year $294,674 · end of year $257,597

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

  $681,880

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

  $408,286

• 10c · Land, buildings and equipment, net

  beginning of year $253,851 · end of year $273,594

• 12 · Investments: other securities

  beginning of year $1,573

• 15 · Other assets

  beginning of year $1,441,115 · end of year $1,983,266

• 17 · Accounts payable and accrued expenses

  beginning of year $975,767 · end of year $1,359,004

• 27 · Net assets without donor restrictions

  beginning of year $10,416,917 · end of year $7,831,793

The filer's explanations (Part III)

PART I, LINE 4B

MORSELIFE HEALTH SYSTEM, INC. MAINTAINS ONE NONQUALIFIED EMPLOYEE DEFERRED COMPENSATION PLAN 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.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

• PALM BEACH SENIOR CARE HEALTH MANAGEMENT LLC

  MANAGEMENT COMPANY · FL · income $17,397,800 · assets $9,190,797

  Directly controlled by MORSELIFE HEALTH SYSTEM INC