2025-04-07T10:15:29-05:00 2024-05-31 440160260 FORVIS MAZARS LLP 255 S ORANGE AVENUE SUITE 600 ORLANDO FL 32801 990 2023-06-01 650888855 THE MORSELIFE HOUSING CORPORATION INC MORS 5614715111 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 RANDY WOLAN CFO 5614715111 2025-04-07 1 1 PETER C GUBLER P00190185 4077405400 2025-04-07 2023 2025-03-06 01:10:19Z KEITH A MYERS 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 30574469 0 X WWW.MORSELIFE.ORG X 1998 FL OPERATION OF A SENIOR LIVING COMMUNITY THAT PROVIDES A FULL COMPLEMENT OF HEALTH SERVICES. 13 11 366 11 0 0 1343805 941046 27402229 28529261 10000 0 32020 1104162 28788054 30574469 0 0 0 0 11151049 11863408 0 0 0 21431329 23321901 32582378 35185309 -3794324 -4610840 154583700 158686298 149886004 138154415 4697696 20531883 THE ORGANIZATION OPERATES A SENIOR LIVING COMMUNITY THAT PROVIDES A FULL COMPLEMENT OF HEALTH SERVICES. 0 0 26919360 29439585 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. 26919360 1 1 0 0 0 0 0 0 0 0 1 0 0 1 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 83 0 1 366 1 0 0 0 0 0 0 0 0 0 0 0 0 X 13 11 1 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 0 1 0 X X LUSCHKA DELGADO 5612096108 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 KEITH A MYERS PRESIDENT/CEO 2.00 18.00 X X 0 0 0 RANDY WOLAN CFO 2.00 56.00 X X 0 171042 6461 STANLEY M KATZ CHAIRMAN 2.00 16.00 X X 0 0 0 DAVID BRODSKY TREASURER AND SECRETARY 2.00 X X 0 0 0 TERRI C SRIBERG DIRECTOR 2.00 16.00 X 0 0 0 DAVID MOSCOW DIRECTOR 2.00 8.00 X 0 0 0 SANFORD SIRULNICK DIRECTOR 2.00 2.00 X 0 0 0 BRUCE BEAL DIRECTOR 2.00 X 0 0 0 STUART FRANKEL DIRECTOR 2.00 X 0 0 0 BRIAN DOPPELT DIRECTOR 2.00 X 0 0 0 ALAN FISCHER DIRECTOR 2.00 X 0 0 0 BEVERLY FLOERSHEIMER DIRECTOR 2.00 X 0 0 0 CAROL MACK DIRECTOR 2.00 X 0 0 0 STEPHANIE FRAZIER SR. VP OF HOUSING 40.00 X 273119 0 31922 VARDIT BAKAL DIRECTOR OF MEMBERSHIP 40.00 X 128595 0 0 WILLIAM BRANCH EXECUTIVE DIRECTOR, TRADITION 40.00 X 183589 0 1911 MATTHEW HAMMETT DIRECTOR OF CULINARY SERVICES 40.00 X 148602 0 9587 EDITH PECAN DIRECTOR OF SALES 40.00 X 141241 0 3987 875146 171042 53868 5 0 1 0 MORSELIFE HEALTH SYSTEM INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 MANAGEMENT SERVICES 2605784 WHITING TURNER CONTRACTING COMPANY 303 BANYAN BLVD STE 301 WEST PALM BEACH FL 33401 CONSTRUCTION SERVICES 2398807 CHENEY BROTHERS INC ONE CHENEY WAY RIVIERA BEACH FL 33404 FOOD AND BEVERAGE SERVICES 1344363 JACK SCALISI WHOLESALE FRUIT & PRODUCE 963 STINSON WAY WEST PALM BEACH FL 33411 FOOD AND BEVERAGE SERVICES 419082 SHAMROCK FLOORING CONTRACTORS 1650 LATHAM ROAD 3 WEST PALM BEACH FL 33409 FLOOR INSTALLATIONS 248742 16 862690 78356 78356 941046 NET RESIDENT SERVICE 532000 27559719 27559719 RESIDENT RENTAL REVENUE 532000 569216 569216 OTHER RESIDENT SERVICE REVENUE 532000 400326 239719 160607 28529261 1104162 0 1104162 1104162 1070931 33231 30574469 29439585 0 193838 314379 314379 10008637 8719485 1289152 23918 4634 19284 396902 339231 57671 1119572 998768 120804 2605784 2605784 140342 140342 572952 329112 243840 570584 570584 273218 50753 222465 152623 138796 13827 3694969 2900908 794061 4763 1410 3353 10064 8246 1818 4617747 4048250 569497 6043267 5982834 60433 1087698 1087698 FOOD 2586434 2586434 EVENT EXPENSES 524944 524944 SUPPLIES 148856 148856 RECRUITMENT 147179 147179 140477 136699 3778 35185309 26919360 8265949 0 1594952 1344182 515925 407337 171469 177219 879778 1139497 185841877 46247926 139606594 139593951 11814982 16024112 154583700 158686298 2560326 4182693 1509049 1501656 131477208 129181456 11344118 2995303 3288610 149886004 138154415 X 4697696 20531883 4697696 20531883 154583700 158686298 X -4610840 20445027 X X 0 1 X 1 0 X 240036 220599 200893 1343805 941046 2946379 22980840 23705340 25858492 27402229 29439585 129386486 193838 193838 23220876 23925939 26059385 28746034 30574469 132526703 0 0 0 132526703 59347 6673 5126 71146 59347 6673 5126 71146 540498 32020 572518 23820721 23932612 26064511 28778054 30574469 133170367 0.99520 0.98930 0.00050 0.00070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12790634 12790634 157068127 38358286 118709841 14184231 7835671 6348560 1798885 53969 1744916 139593951 SECURITY DEPOSITS 2107598 INTEREST RATE SWAP ASSET 13780455 DUE FROM AFFILIATE 136059 16024112 SECURITY DEPOSIT 2107598 INTEREST PAYABLE 590266 DUE TO AFFILIATES 590746 3288610 X PART X, LINE 2: MORSELIFE HOUSING CORPORATION, INC. IS INCLUDED IN THE CONSOLIDATED FINANCIAL STATEMENTS OF THE MORSELIFE HEALTH SYSTEM, INC. THE CONSOLIDATED FINANCIAL STATEMENTS INCLUDE THE FOLLOWING FOOTNOTE: THE INTERNAL REVENUE SERVICE HAS DETERMINED THAT THE MEMBERS OF THE GROUP ARE EXEMPT FROM FEDERAL INCOME TAXES AND ARE QUALIFIED AS TAX-EXEMPT ORGANIZATIONS UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE"). ACCORDINGLY, THESE COMBINED FINANCIAL STATEMENTS INCLUDE NO PROVISION OR LIABILITY FOR INCOME TAXES. 0 1 0 0 0 0 0 0 0 STEPHANIE FRAZIER SR. VP OF HOUSING 270944 0 2175 0 0 0 22500 0 9422 0 305041 0 0 0 WILLIAM BRANCH EXECUTIVE DIRECTOR, TRADITION 183489 0 100 0 0 0 0 0 1911 0 185500 0 0 0 RANDY WOLAN CFO 0 154856 0 0 0 16186 0 0 0 6461 0 177503 0 0 MATTHEW HAMMETT DIRECTOR OF CULINARY SERVICES 144531 0 921 0 3150 0 0 0 9587 0 158189 0 0 0 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. A PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY 521297506 696507UP5 2019-08-01 180075000 SEE SUPPLMENTAL INFO. 0 0 0 A 9253642 139096213 111182025 746920 27167269 1 1 1 1 A 0 0 0 0 0 0 0 A 1 0 0 0 0 0 A 0 X 1 78356 FMV 0 0 0 FORM 990, PART VI, SECTION A, LINE 2 THE FILING ORGANIZATION'S CEO, KEITH MYERS, AND CFO, RANDY WOLAN ARE BUSINESS PARTNERS AS THEY ARE OWNERS OF AMPLIFII MANAGEMENT, LLC. FORM 990, PART VI, SECTION A, LINE 3 AS OF JANUARY 1, 2019, THE AGENCY ENTERED INTO A MANAGEMENT AGREEMENT ("AGREEMENT") WITH AMPLIFII MANAGEMENT, LLC ("AMPLIFII"), AN UNRELATED, FOR-PROFIT ENTITY, TO PROVIDE SPECIFICALLY DESCRIBED CONSULTING SERVICES WHICH ENCOMPASS RECOMMENDATIONS, SUPPORT, GUIDANCE AND OVERSIGHT WITH RESPECT TO THE OVERALL BUSINESS OPERATIONS AND DEVELOPMENT ACTIVITIES OF THE AGENCY THAT ARE ALSO CLOSELY ALINED WITH AMPLIFII'S CONSULTING SERVICES AS PROVIDED TO OTHER RELATED HEALTH CARE FACILITIES. THE INITIAL TERM OF THE AGREEMENT IS FOR A PERIOD OF FIVE (5) YEARS AND MAY BE EXTENDED FOR AN ADDITIONAL PERIOD OF FIVE (5) YEARS AS AGREED. THE AGREEMENT PROVIDES FOR THE PAYMENT OF CONSULTING FEES TO AMPLIFII BASED ON A DEFINED PERCENTAGE OF THE AGENCY'S ADJUSTED GROSS REVENUES. AMPLIFII IS SOLELY RESPONSIBLE FOR ALL ITS OPERATING EXPENSES INCURRED IN PROVIDNG THE CONSUTLING SERVICES DEFIND IN THE AGREEMENT WITH THE AGENCY, WITHOUT PROVISION FOR REIMBURSEMENT. FORM 990, PART VI, SECTION A, LINE 6 MORSELIFE HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF THE MORSELIFE HOUSING CORPORATION, INC. FORM 990, PART VI, SECTION A, LINE 7A THE SOLE MEMBER, MORSELIFE HEALTH SYSTEM, INC., SHALL ELECT BOARD MEMBERS AND AT ANY TIME IN ITS SOLE DISCRETION, REMOVE AND NAME A REPLACEMENT FOR ANY BOARD MEMBER. FORM 990, PART VI, SECTION A, LINE 7B MORSELIFE HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF THE MORSELIFE HOUSING CORPORATION, INC. AND, AS SUCH, ELECTS THE BOARD OF DIRECTORS AND HAS ULTIMATE VOTING AND VETO AUTHORITY OVER THE HOUSING CORP'S BOARD DECISIONS. FORM 990, PART VI, SECTION B, LINE 11B THE COMMITTEE, COMPOSED OF THE CHAIRPERSON OF THE BOARD OF DIRECTORS FROM EACH OF THE MORSELIFE RELATED ORGANIZATIONS AND THE SENIOR VICE PRESIDENT OF FINANCE, IS RESPONSIBLE FOR THE REVIEW OF THE FORM 990. THE CHAIRPERSON OF MORSELIFE HEALTH SYSTEMS, INC. IS THE CHAIRPERSON OF THE COMMITTEE. THIS COMMITTEE MEETS ONE TIME PER YEAR. THE COMMITTEE IS RESPONSIBLE FOR THE DETAILED REVIEW OF ALL FORMS 990 FILED BY THE MORSE RELATED ENTITIES. THE FORM 990 IS MADE AVAILABLE TO THE FULL BOARD OF DIRECTORS OF THE REPORTING ORGANIZATION. THE 990 IS ALSO AVAILABLE UPON REQUEST THROUGHOUT THE YEAR. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION REQUIRES ALL BOARD MEMBERS TO SUBMIT A CONFLICT OF INTEREST STATEMENT ON AN ANNUAL BASIS. THE STATEMENTS, WHEN COMPLETED AND RETURNED, ARE REVIEWED BY THE PRESIDENT TO ENSURE THAT THERE ARE NO INADVERTENT CONFLICTS OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15B THE MORSELIFE HOUSING CORPORATION, INC. IS AN ORGANIZATION CONTROLLED BY MORSELIFE HEALTH SYSTEM, INC. THE PRESIDENT & CEO OF THE ORGANIZATION IS RESPONSIBLE FOR THE COMPENSATION OF THE MEMBERS OF THE EXECUTIVE TEAM, INCLUDING THE SR. VICE PRESIDENTS AND CHIEF FINANCIAL OFFICER. ANNUAL INCREASES AND BASE SALARY AMOUNTS ARE COMPARED TO THE COMPENSATION PACKAGES FOR SIMILAR POSITIONS UTILIZING OTHER SIMILAR ENTITIES' PUBLISHED IRS FORM 990. IN ADDITION, INDEPENDENT SALARY SURVEYS CONDUCTED BY NATIONAL ASSOCIATIONS & OTHER PROVIDER ENTITIES ARE UTILIZED TO ENSURE COMPARABILITY AND APPROPRIATENESS. THE PRESIDENT & CEO REPORTS ON THE ANNUAL INCREASE, SALARY ADJUSTMENT, AND/OR CHANGE IN BENEFIT PACKAGE FOR THE EXECUTIVE TEAM MEMBERS TO THE COMPENSATION COMMITTEE MADE UP OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION MAKES ITS GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART XI, LINE 9: CHANGE IN FV OF INTEREST RATE SWAP 3,943,519. NET ASSET TRANSFER 16,501,508. FORM 990, PART XII, LINE 2C OVERSIGHT OF AUDIT AND SELECTION OF AN INDEPENDENT ACCOUNTANT: THE ORGANIZATION'S AUDIT, COMPLIANCE AND ETHICS COMMITTEE IS RESPONSIBLE FOR THE SELECTION, MONITORING AND EVALUATION OF AN INDEPENDENT ACCOUNTING FIRM AND OVERSIGHT OF THE AUDIT OF ITS FINANCIAL STATEMENTS. THERE WAS NO CHANGE IN THIS PROCESS FROM THE PRIOR YEAR. MORSELIFE FOUNDATION INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 592774476 PROVIDES FUNDING TO AFFILIATED TAX-EXEMPT ENTITIES FL 501(C)(3) LINE 7 MORSELIFE HEALTH SYSTEM INC 0 LOLA & SAUL KRAMER SENIOR SERVICES AGENCY INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 900730105 PROVIDES COMMUNITY-BASED SERVICES TO SENIORS FL 501(C)(3) LINE 10 MORSELIFE HEALTH SYSTEM INC 0 NEARLY NEW THRIFT SHOP OF MORSE GERIATRIC INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 592533256 RAISES FUNDS TO SUPPORT AFFILIATED TAX-EXEMPT ENTITIES FL 501(C)(3) LINE 12B, II MORSELIFE HEALTH SYSTEM INC 0 MORSELIFE HEALTH SYSTEM INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 650018299 PROVIDES HEALTH CARE, HOUSING AND SUPPORT SERVICES TO SENIORS FL 501(C)(3) LINE 12C, III-FI N/A 0 JOSEPH L MORSE HEALTH CENTER INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 592120896 OWNS AND OPERATES A SKILLED NURSING FACILITY FL 501(C)(3) LINE 10 MORSELIFE HEALTH SYSTEM INC 0 FRIENDS OF MORSELIFE INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 650329966 RAISES FUNDS TO SUPPORT AFFILIATED TAX-EXEMPT ENTITIES FL 501(C)(3) LINE 7 MORSELIFE FOUNDATION INC 0 MORSELIFE HOME CARE INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 592753822 PROVIDES HOME HEALTH AND OTHER SERVICES TO SENIORS FL 501(C)(3) LINE 10 MORSELIFE HEALTH SYSTEM INC 0 MORSELIFE HOSPICE INSTITUTE INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 800730376 PROVIDES HOSPICE AND PALLIATIVE CARE SERVICES. FL 501(C)(3) LINE 10 MORSELIFE HOME CARE INC 0 NEXT GENERATIONS OF HOLOCAUST SURVIVORS INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 263902517 PROVIDES LEARNING OPPORTUNITIES THROUGH LESSONS LEARNED FROM THE HOLOCAUST FL 501(C)(3) LINE 10 LOLA & SAUL KRAMER SENIOR SERVICES AGENCY INC 0 0 0 1 0 1 0 0 0 0 1 0 0 1 1 1 1 0 1 0