Skip to content
Nonprofiteer
← MORSELIFE HOUSING CORPORATION INC

Form 990 for tax year 2024

Filed by MORSELIFE HOUSING CORPORATION INC.

Totals

Total revenue
$33,604,281
Total expenses
$36,317,227
Contributions and grants received
$621,563
Grants paid
$0
Program service revenue
$31,719,443
Investment income
$0
Other revenue
$1,263,275
Total assets, end of year
$151,643,537
Total liabilities, end of year
$136,946,150
Net assets or fund balances, end of year
$14,697,387
Program services expenses (Part IX)
$28,411,762
Management and general expenses
$7,905,465
Fundraising expenses
$0
Program service expenses (Part III)
$28,411,762

Program services were 78.2% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Listed in Part VII

  • DAVID BRODSKY

    TREASURER/SECRETARY

    Total calculated
    $0
    Hours/week
    2

  • KEITH MYERS

    CEO, PRESIDENT

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • RANDY WOLAN

    CFO

    Total calculated
    $0
    Hours/week
    2 + 38 related

  • STANLEY KATZ

    CHAIRMAN

    Total calculated
    $0
    Hours/week
    2 + 18 related

  • ALAN FISCHER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BEVERLY FLOERSHEIMER

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRIAN DOPPELT

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • BRUCE BEAL

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • CAROL MACK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • DAVID MOSCOW

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 8 related

  • FRANKEL STUART

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • SANFORD SIRULNICK

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • TERRI SRIBERG

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 18 related

  • STEPHANIE FRAZIER

    SR. VP OF HOUSING

    Total calculated
    $334,653
    From this org
    $311,653
    From related orgs
    $0
    Other
    $23,000
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $309,778
    Bonus
    $1,875
    Other
    $0
    Deferred
    $23,000
    Nontaxable benefits
    $0
    Filer's total
    $334,653

  • MATTHEW HAMMETT

    DIRECTOR OF CULINARY SERVICES

    Total calculated
    $187,216
    From this org
    $158,411
    From related orgs
    $0
    Other
    $28,805
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $158,223
    Bonus
    $188
    Other
    $0
    Deferred
    $8,915
    Nontaxable benefits
    $19,890
    Filer's total
    $187,216

  • WILLIAM BRANCH

    EXECUTIVE DIRECTOR, TRADITION

    Total calculated
    $216,099
    From this org
    $199,477
    From related orgs
    $0
    Other
    $16,622
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $199,327
    Bonus
    $150
    Other
    $0
    Deferred
    $12,110
    Nontaxable benefits
    $4,512
    Filer's total
    $216,099

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)

Schedule J, Part I, Line 4b Supplemental nonqualified retirement plan
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
2024
Filed
15 April 2026
IRS schema version
2024v5.1
Source object
202611059349302126

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

The source document this was parsed from is served over the API, which is where bulk and document access live.