2026-04-15T15:29:03+00:00 2025-05-31 440160260 Forvis Mazars LLP 255 South Orange Avenue Suite 600 Orlando FL 32801 990 2024-06-01 650888855 THE MORSELIFE HOUSING CORPORATION INC MORS 5614715111 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 KEITH A MYERS CEO 5614715111 2026-04-15 true true Peter Gubler P00190185 4077405400 2026-03-06 2024 2025-03-06 01:10:19Z KEITH A MYERS 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 33604281 false X WWW.MORSELIFE.ORG X 1998 FL OPERATION OF A SENIOR LIVING COMMUNITY THAT PROVIDES A FULL COMPLEMENT OF HEALTH SERVICES. 13 11 401 11 0 941046 621563 28529261 31719443 0 1104162 1263275 30574469 33604281 0 0 11863408 12528472 0 0 23321901 23788755 35185309 36317227 -4610840 -2712946 158686298 151643537 138154415 136946150 20531883 14697387 THE ORGANIZATION OPERATES A SENIOR LIVING COMMUNITY THAT PROVIDES A FULL COMPLEMENT OF HEALTH SERVICES. false false 28411762 0 32717634 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. 28411762 true true false false false false false false false false true false false true true true false true false false false false false false false false false false false true true false false false false false false false false false false false false false false false true false false false false true 93 0 true 401 true false false false false false false false false false false false false X 13 11 true true false false true true true true true false false false true true true true true true false true false false X X LUSCHKA DELGADO 5612096108 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 DAVID BRODSKY TREASURER/SECRETARY 2.0 0 X X 0 0 0 KEITH MYERS CEO, PRESIDENT 2.0 38.0 X X 0 0 0 RANDY WOLAN CFO 2.0 38.0 X X 0 0 0 STANLEY KATZ CHAIRMAN 2.0 18.0 X X 0 0 0 ALAN FISCHER DIRECTOR 2.0 0 X 0 0 0 BEVERLY FLOERSHEIMER DIRECTOR 2.0 0 X 0 0 0 BRIAN DOPPELT DIRECTOR 2.0 0 X 0 0 0 BRUCE BEAL DIRECTOR 2.0 0 X 0 0 0 CAROL MACK DIRECTOR 2.0 0 X 0 0 0 DAVID MOSCOW DIRECTOR 2.0 8.0 X 0 0 0 FRANKEL STUART DIRECTOR 2.0 0 X 0 0 0 SANFORD SIRULNICK DIRECTOR 2.0 4.0 X 0 0 0 TERRI SRIBERG DIRECTOR 2.0 18.0 X 0 0 0 STEPHANIE FRAZIER SR. VP OF HOUSING 40.0 0 X 311653 0 23000 MATTHEW HAMMETT DIRECTOR OF CULINARY SERVICES 40.0 0 X 158411 0 28805 WILLIAM BRANCH EXECUTIVE DIRECTOR, TRADITION 40.0 0 X 199477 0 16622 669541 0 68427 3 false true false MORSELIFE HEALTH SYSTEM INC 4847 DAVID S MACK DRIVE WEST PALM BEACH FL 33417 MANAGEMENT SERVICES 2858227 WHITING TURNER CONTRACTING COMPANY 303 BANYAN BLVD STE 301 WEST PALM BEACH FL 33401 CONSTRUCTION SERVICES 1650193 CHENEY BROTHERS INC ONE CHENEY WAY RIVIERA BEACH FL 33404 FOOD AND BEVERAGE SERVICES 1578858 JACK SCALISI WHOLESALE FRUIT & PRODUCE 963 STINSON WAY WEST PALM BEACH FL 33411 FOOD AND BEVERAGE SERVICES 480190 David Acosta 1372 SE OAKMONT LANE PORT ST LUCIE FL 34952 MAINTENANCE REPAIRS 230079 17 621563 621563 RESIDENT RENTAL REVENUE 532000 30715139 30715139 NET RESIDENT SERVICE 532000 577867 577867 OTHER RESIDENT SERVICE REVENUE 532000 426437 251564 174873 0 0 0 0 31719443 1263275 0 1263275 0 1263275 1173064 90211 0 0 0 0 0 0 0 33604281 32717634 0 265084 312804 78201 234603 10754221 9312208 1442013 16917 885 16032 436929 367806 69123 1007601 897048 110553 2858227 2858227 36745 36745 16036 16036 524898 439104 85794 0 468397 468397 207252 53739 153513 193705 170890 22815 3820935 2952801 868134 5727 3630 2097 1776 1266 510 4119683 3990332 129351 6503571 6503571 1245996 1245996 FOOD & DIETARY EXPENSES 2741250 2741250 ENTERTAINMENT & OUTINGS 609499 609499 MEDICAL SUPPLIES 270466 270466 RECRUITMENT & RETENTION 138569 138569 26023 19066 6957 0 36317227 28411762 7905465 0 1344182 765570 407337 392449 0 0 0 0 177219 156286 1139497 937719 188672763 52751498 139593951 135921265 0 0 16024112 13470248 158686298 151643537 4182693 3047805 1501656 1371594 129181456 126640052 0 0 3288610 5886699 138154415 136946150 X 20531883 14697387 20531883 14697387 158686298 151643537 X -2712946 -3121550 X false true true false X 220599 200893 1343805 941046 621563 3327906 23705340 25858492 27402229 29439585 32717634 139123280 193838 174873 368711 0 0 23925939 26059385 28746034 30574469 33514070 142819897 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 142819897 6673 5126 33231 90211 135241 0 6673 5126 0 33231 90211 135241 0 0 0 32020 0 0 32020 23932612 26064511 28778054 30607700 33604281 142987158 0.99883 0.99517 0 0.0005 X Schedule A, Part III, Line 12 Other Income DESCRIPTION - OTHER INCOME, COLUMN A - , COLUMN B - , COLUMN C - 32020.0, COLUMN D - , COLUMN E - , COLUMN F - 32020.0; RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 12790634 12790634 160890998 43873765 117017233 14720779 8823676 5897103 270352 54057 216295 135921265 SECURITY DEPOSITS 2389765 INTEREST RATE SWAP ASSET 10658905 DUE FROM AFFILIATE 421578 13470248 Federal Income Taxes SECURITY DEPOSIT 2389765 INTEREST PAYABLE DUE TO AFFILIATES 3496934 5886699 X 0 0 0 0 0 0 0 0 0 0 0 0 Schedule D, Part X, Line 2 FIN 48 (ASC 740) footnote 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. false true false false false false false false false STEPHANIE FRAZIER SR. VP OF HOUSING 309778 0 1875 0 0 0 23000 0 0 0 334653 0 0 0 WILLIAM BRANCH EXECUTIVE DIRECTOR, TRADITION 199327 0 150 0 0 0 12110 0 4512 0 216099 0 0 0 MATTHEW HAMMETT DIRECTOR OF CULINARY SERVICES 158223 0 188 0 0 0 8915 0 19890 0 187216 0 0 0 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. A PALM BEACH COUNTY HEALTH FACILITIES AUTHORITY 521297506 696507UP5 2009-08-01 180075000 SEE SUPPLEMENTAL INFO. false false false A 11817213 0 139096213 0 0 111182025 746920 0 0 27167269 0 0 true true true true A false false false false false false 0 0 0.0 false false 0 false false A true false false false false false 0 false false false 0 false false false A false Schedule K, Part I, Column (f) PURPOSE OF TAX EXEMPT BOND On August 1, 2019, the Obligated Group issued $157,075,000 of 2019 Series A Bonds and $23,000,000 of 2019 Series B Bonds with a financial institution (collectively, the "Series 2019 Bonds") through the Palm Beach County Health Facilities Authority. The proceeds of the Series 2019 Bonds were used to (a) refinance previously issued bonds and other debt held by members of the Obligated Group, (b) fund the costs of planned construction projects, and (c) pay the costs of issuance. An internal allocation of the proceeds from the Series 2019 Bonds was made to the to the members of the Obligated Group, along with a proportionate share of deferred financing costs based on the internally assessed expected utilization of the bond proceeds. Prior to March 1, 2023, the Series 2019 Bonds bore monthly interest on a per annum rate equal to the sum of (a) 70% of the 30-day LIBOR and (b) an applicable markup. Effective March 1, 2023, the 30-day LIBOR was replaced with an equivalent 30-day Secured Overnight Financing Rate ("SOFR") as the publishing of LIBORs ceased as of June 30, 2023. The default applicable markup of 1.54% can be lowered if the Obligated Group obtains a qualifying bond rating on the Series 2019 Bonds as prescribed in the bond agreements. Beginning October 2019, monthly principal payments in varying installments are due, with a final payment due on August 1, 2055. Form 990, Part VI, Line 2 Family/business relationships amongst interested persons THE FILING ORGANIZATION'S CEO, KEITH MYERS, AND CFO, RANDY WOLAN ARE BUSINESS PARTNERS AS THEY ARE OWNERS OF AMPLIFII MANAGEMENT, LLC. - Business relationship Form 990, Part VI, Line 3 Delegation of management duties 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. This agreement ended on June 30, 2025. Form 990, Part VI, Line 6 Classes of members or stockholders MORSELIFE HEALTH SYSTEM, INC. IS THE SOLE MEMBER OF THE MORSELIFE HOUSING CORPORATION, INC. Form 990, Part VI, Line 7a Members or stockholders electing members of governing body 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, Line 7b Decisions requiring approval by members or stockholders 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, Line 11b Review of form 990 by governing body 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, Line 12c Conflict of interest policy 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, Line 15b Process to establish compensation of other employees 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, Line 19 Required documents available to the public 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 Other changes in net assets or fund balances CHANGE IN FV OF INTEREST RATE SWAP - -3121550; Total - -3121550; 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) 7 MORSELIFE HEALTH SYSTEM INC false 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) 10 MORSELIFE HEALTH SYSTEM INC false 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) Type II MORSELIFE HEALTH SYSTEM INC false 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) Type III-FI NA false 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) 10 MORSELIFE HEALTH SYSTEM INC false 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) 7 MORSELIFE FOUNDATION INC false 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) 10 MORSELIFE HEALTH SYSTEM INC false 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) 10 MORSELIFE HOME CARE INC false 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) 10 LOLA & SAUL KRAMER SENIOR SERVICES AGENCY INC false false false true false true false false false false true false false true true true true false false false