THE MORSELIFE HOUSING CORPORATION INC (EIN 650888855) - Form 990 Financial Analysis & Trantor Score

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1998

Legal Domicile

Phone

5614715111

Tax Period

2024-06-01 to 2025-05-31

THE MORSELIFE HOUSING CORPORATION INC, founded in 1998, is a mid-sized nonprofit in the Human Services sector that reported $33.6M in total revenue in fiscal year 2024. Revenue grew 10% year-over-year, indicating healthy expansion.

Mission

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

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2024)

Revenue Breakdown

Contributions & Grants $621,563

Program Service Revenue $31,719,443

Investment Income $0

Other Revenue $1,263,275

TOTAL REVENUE $33,604,281

Expense Breakdown

Grants Paid $0

Salaries & Benefits $12,528,472

Fundraising Expenses $0

Program Expenses $28,411,762

Other Expenses $23,788,755

TOTAL EXPENSES $36,317,227

Year-over-Year Comparison

	2024	2023	Change
Revenue	$33,604,281	$30,574,469	+0.1%
Expenses	$36,317,227	$35,185,309	+0.0%
Net Income	$-2,712,946	$-4,610,840	-0.4%

Key Indicators

✗ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

401

Volunteers

Governance Policies

✗ Conflict of Interest Policy

✗ Whistleblower Policy

✗ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

⚠ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

$334,653

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
DAVID BRODSKY	TREASURER/SECRETARY	2.0	Officer Director	$0	$0	$0
KEITH MYERS	CEO, PRESIDENT	2.0	Officer Director	$0	$0	$0
RANDY WOLAN	CFO	2.0	Officer Director	$0	$0	$0
STANLEY KATZ	CHAIRMAN	2.0	Officer Director	$0	$0	$0
ALAN FISCHER	DIRECTOR	2.0	Director	$0	$0	$0
BEVERLY FLOERSHEIMER	DIRECTOR	2.0	Director	$0	$0	$0
BRIAN DOPPELT	DIRECTOR	2.0	Director	$0	$0	$0
BRUCE BEAL	DIRECTOR	2.0	Director	$0	$0	$0
CAROL MACK	DIRECTOR	2.0	Director	$0	$0	$0
DAVID MOSCOW	DIRECTOR	2.0	Director	$0	$0	$0
FRANKEL STUART	DIRECTOR	2.0	Director	$0	$0	$0
SANFORD SIRULNICK	DIRECTOR	2.0	Director	$0	$0	$0
TERRI SRIBERG	DIRECTOR	2.0	Director	$0	$0	$0
STEPHANIE FRAZIER	SR. VP OF HOUSING	40.0	Officer	$311,653	$23,000	$334,653
MATTHEW HAMMETT	DIRECTOR OF CULINARY SERVICES	40.0	Highest	$158,411	$28,805	$187,216
WILLIAM BRANCH	EXECUTIVE DIRECTOR, TRADITION	40.0	Highest	$199,477	$16,622	$216,099

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2025	$33,604,281	$36,317,227	$151,643,537	$-2,712,946
2024	$30,574,469	$35,185,309	$158,686,298	$-4,610,840
2023	$28,788,054	$32,582,378	$154,583,700	$-3,794,324
2022	$25,757,554	$30,405,527	$149,720,364	$-4,647,973
2021	$23,935,448	$27,366,370	$148,756,159	$-3,430,922
2020	$23,814,131	$28,473,392	$139,804,607	$-4,659,261
2018	$15,566,767	$15,423,713	$131,641,443	$143,054

THE MORSELIFE HOUSING CORPORATION INC