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Nonprofiteer
← MORSELIFE HOUSING CORPORATION INC

Form 990 for tax year 2023

Filed by MORSELIFE HOUSING CORPORATION INC.

Totals

Total revenue
$30,574,469
Total expenses
$35,185,309
Contributions and grants received
$941,046
Grants paid
$0
Program service revenue
$28,529,261
Investment income
$0
Other revenue
$1,104,162
Total assets, end of year
$158,686,298
Total liabilities, end of year
$138,154,415
Net assets or fund balances, end of year
$20,531,883
Program services expenses (Part IX)
$26,919,360
Management and general expenses
$8,265,949
Fundraising expenses
$0
Program service expenses (Part III)
$26,919,360

Program services were 76.5% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1d · Related organizations

    $862,690

  • 1f · All other contributions, gifts and grants

    $78,356

  • 1g · Noncash contributions included above

    $78,356

  • 2a · Program service revenue: NET RESIDENT SERVICE

    total $27,559,719 · related or exempt $27,559,719

  • 2b · Program service revenue: RESIDENT RENTAL REVENUE

    total $569,216 · related or exempt $569,216

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

    total $400,326 · related or exempt $239,719 · excluded $160,607

  • 6a · Gross rents

    real property $1,104,162

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $1,104,162

  • 6d · Net rental income or loss

    total $1,104,162 · related or exempt $1,070,931 · excluded $33,231

Functional expenses

Part IX, the statement of functional expenses.

  • 5 · Compensation of officers, directors and key employees

    total $314,379 · management and general $314,379

  • 7 · Other salaries and wages

    total $10,008,637 · program services $8,719,485 · management and general $1,289,152

  • 8 · Pension plan contributions

    total $23,918 · program services $4,634 · management and general $19,284

  • 9 · Other employee benefits

    total $396,902 · program services $339,231 · management and general $57,671

  • 10 · Payroll taxes

    total $1,119,572 · program services $998,768 · management and general $120,804

  • 11a · Fees: management

    total $2,605,784 · management and general $2,605,784

  • 11b · Fees: legal

    total $140,342 · management and general $140,342

  • 11g · Fees: other

    total $572,952 · program services $329,112 · management and general $243,840

  • 12 · Advertising and promotion

    total $570,584 · management and general $570,584

  • 13 · Office expenses

    total $273,218 · program services $50,753 · management and general $222,465

  • 14 · Information technology

    total $152,623 · program services $138,796 · management and general $13,827

  • 16 · Occupancy

    total $3,694,969 · program services $2,900,908 · management and general $794,061

  • 17 · Travel

    total $4,763 · program services $1,410 · management and general $3,353

  • 19 · Conferences, conventions and meetings

    total $10,064 · program services $8,246 · management and general $1,818

  • 20 · Interest

    total $4,617,747 · program services $4,048,250 · management and general $569,497

  • 22 · Depreciation, depletion and amortization

    total $6,043,267 · program services $5,982,834 · management and general $60,433

  • 23 · Insurance

    total $1,087,698 · management and general $1,087,698

  • 24a · Other expenses: FOOD

    total $2,586,434 · program services $2,586,434

  • 24b · Other expenses: EVENT EXPENSES

    total $524,944 · program services $524,944

  • 24c · Other expenses: SUPPLIES

    total $148,856 · program services $148,856

  • 24d · Other expenses: RECRUITMENT

    total $147,179 · management and general $147,179

  • 24e · All other expenses

    total $140,477 · program services $136,699 · management and general $3,778

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,594,952 · end of year $1,344,182

  • 4 · Accounts receivable

    beginning of year $515,925 · end of year $407,337

  • 8 · Inventories for sale or use

    beginning of year $171,469 · end of year $177,219

  • 9 · Prepaid expenses and deferred charges

    beginning of year $879,778 · end of year $1,139,497

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

    $185,841,877

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

    $46,247,926

  • 10c · Land, buildings and equipment, net

    beginning of year $139,606,594 · end of year $139,593,951

  • 15 · Other assets

    beginning of year $11,814,982 · end of year $16,024,112

  • 17 · Accounts payable and accrued expenses

    beginning of year $2,560,326 · end of year $4,182,693

  • 19 · Deferred revenue

    beginning of year $1,509,049 · end of year $1,501,656

  • 20 · Tax-exempt bond liabilities

    beginning of year $131,477,208 · end of year $129,181,456

  • 24 · Unsecured notes and loans payable

    beginning of year $11,344,118

  • 25 · Other liabilities

    beginning of year $2,995,303 · end of year $3,288,610

  • 27 · Net assets without donor restrictions

    beginning of year $4,697,696 · end of year $20,531,883

Mission and programs · 2023

Mission

THE ORGANIZATION OPERATES A SENIOR LIVING COMMUNITY THAT PROVIDES A FULL COMPLEMENT OF HEALTH SERVICES.

Activities or mission (Part I)

OPERATION OF A SENIOR LIVING COMMUNITY THAT PROVIDES A FULL COMPLEMENT OF HEALTH SERVICES.

  • THE MORSELIFE HOUSING CORPORATION'S ASSISTED LIVING AND INDEPENDENT LIVING FACILITIES INCLUDE 326 UNITS, INCLUDING STUDIO, ONE-BEDROOM, AND TWO-BEDROOM APARTMENTS. RESIDENTS HAVE THE OPTION TO ENHANCE THEIR LIVING ARRANGEMENT WITH EXTRA LEVELS OF CARE THAT PROVIDES ADDITIONAL HANDS-ON CARE. SERVICES PROVIDED INCLUDE MEALS, NURSING CARE, RECREATION, AND SOCIAL SERVICES. ALL ASSISTED LIVING RESIDENTS ARE AT RISK FOR LONG-TERM CARE (SKILLED NURSING FACILITY PLACEMENT). THE ASSISTED LIVING ENVIRONMENT (AVERAGE AGE 90+) IS INSTRUMENTAL IN AVOIDING AND/OR DELAYING PLACEMENT IN AN INSTITUTIONAL SETTING.

    Expenses $26,919,360 · Revenue $29,439,585

As filed on the 2023 return.

Listed in Part VII

  • Keith A Myers

    PRESIDENT/CEO

    Total calculated
    $0
    Hours/week
    2 + 18 related

  • Randy Wolan

    CFO

    Total calculated
    $177,503
    From this org
    $0
    From related orgs
    $171,042
    Other
    $6,461
    Hours/week
    2 + 56 related

    Schedule J breakdown matched by us

    Base
    $0 + $154,856 related
    Bonus
    $0
    Other
    $0 + $16,186 related
    Deferred
    $0
    Nontaxable benefits
    $0 + $6,461 related
    Filer's total
    $0 + $177,503 related

  • Stanley M Katz

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • David Brodsky

    TREASURER AND SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • Terri C Sriberg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 16 related

  • David Moscow

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • Sanford Sirulnick

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 2 related

  • Bruce Beal

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stuart Frankel

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Brian Doppelt

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Alan Fischer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Beverly Floersheimer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Carol Mack

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Stephanie Frazier

    SR. VP OF HOUSING

    Total calculated
    $305,041
    From this org
    $273,119
    From related orgs
    $0
    Other
    $31,922
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $270,944
    Bonus
    $2,175
    Other
    $0
    Deferred
    $22,500
    Nontaxable benefits
    $9,422
    Filer's total
    $305,041

  • Vardit Bakal

    DIRECTOR OF MEMBERSHIP

    Total calculated
    $128,595
    From this org
    $128,595
    From related orgs
    $0
    Other
    $0
    Hours/week
    40

  • William Branch

    EXECUTIVE DIRECTOR, TRADITION

    Total calculated
    $185,500
    From this org
    $183,589
    From related orgs
    $0
    Other
    $1,911
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $183,489
    Bonus
    $100
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $1,911
    Filer's total
    $185,500

  • Matthew Hammett

    DIRECTOR OF CULINARY SERVICES

    Total calculated
    $158,189
    From this org
    $148,602
    From related orgs
    $0
    Other
    $9,587
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $144,531
    Bonus
    $921
    Other
    $3,150
    Deferred
    $0
    Nontaxable benefits
    $9,587
    Filer's total
    $158,189

  • Edith Pecan

    DIRECTOR OF SALES

    Total calculated
    $145,228
    From this org
    $141,241
    From related orgs
    $0
    Other
    $3,987
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 4B
THE MORSELIFE HOUSING CORPORATION, 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.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Provenance

Return type
form_990
Tax year
2023
Filed
7 April 2025
IRS schema version
2023v6.0
Source object
202520979349300327

Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.

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