Overview
What is Montgomery Place?
Montgomery Place is a nonprofit retirement community located in Chicago, Illinois, offering senior adults a nurturing environment for enhanced living. Residents enjoy multiple choices in independent living apartments, meal plans, and daily activities. Facilities include apartments with full kitchens and appliances, as well as common living spaces that foster companionship. Montgomery Place offers various services and amenities, such as wellness programs, basic utilities, housekeeping, entertainment, transportation, 24-hour security, and chaplain services. The mission of Montgomery Place is dedicated to improving the quality of life for senior adults by providing retirement housing and healthcare services. The community employs a team of 221 individuals to support its residents in their daily lives.
Official website here: www.montgomeryplace.org
What are the reviews and ratings of this charity?
Charity Navigator Rating 81% - Three-Star out of Four Star Rating
Montgomery Place has earned a Three-Star rating from Charity Navigator, reflecting an overall score of 81%. This score is derived entirely from its Accountability & Finance metrics, highlighting the organization's commitment to transparency and responsible financial management. An excellent feature of Montgomery Place is its board composition, with 100% of members being independent, ensuring unbiased decision-making.
The nonprofit demonstrates strong financial oversight, as evidenced by its perfect scores in areas such as financial statements, audit committee performance, and the absence of any material diversion of assets. Furthermore, it maintains robust governance practices, including clear policies for conflict of interest, whistleblower protections, and document retention, all of which contribute to its accountability.
On the financial side, Montgomery Place shows a healthy program expense ratio of 75.52%, indicating that the majority of its resources are directed towards its programs and mission. While the organization displays several strengths, continued focus on maintaining high standards in all aspects of its operations will be essential for future success.
This AI summary has been generated from information found on Charity Navigator.
Is Montgomery Place legitimate?
Montgomery Place is a legitimate nonprofit organization registered as a 501(c)(3) entity. Montgomery Place submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $468,604
Professional Fundraising Fees: $0
Other Salaries and Wages: $8,601,733
For more financial information, click here
Official website here: www.montgomeryplace.org
What is the mission statement of Montgomery Place?
Montgomery Place aims to enhance the quality of life for senior adults by offering retirement housing and comprehensive health services in a caring environment. Residents have the flexibility to choose from various apartment options, meal plans, and daily activities. The community provides apartment units equipped with full kitchens and appliances, as well as in-unit washer/dryers. Common living spaces foster companionship and cater to residents' physical, intellectual, and psychological needs. Montgomery Place offers additional services and amenities including wellness programs, basic utilities, housekeeping, entertainment, and transportation, 24-hour security, a call system in each unit, and on-site chaplain services.
Official website here: www.montgomeryplace.org
Who is the CEO of Montgomery Place?
Michael Mcgarry is the Principal Officer of Montgomery Place. The CEO's salary of Montgomery Place is $30,791 and their total compensation is $30,818.
Official website here: www.montgomeryplace.org
What is the revenue of Montgomery Place?
Montgomery Place's revenue in 2022 was $17,866,732.
Official website here: www.montgomeryplace.org
Who are the executives of Montgomery Place and what are their salaries?
The average compensation at Montgomery Place during 2022 was $41,042. There are 221 employees and 10 volunteers at Montgomery Place.
Here are 12 key members and their salaries (Montgomery Place's CEO's salary is $30,791 and their total compensation is $30,818):
- Compensation: $30,791
- Related: $0
- Other: $27
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $239,623
- Related: $0
- Other: $19,794
- Compensation: $161,916
- Related: $0
- Other: $16,452
- Compensation: $165,556
- Related: $0
- Other: $16,831
- Compensation: $106,843
- Related: $0
- Other: $90
Official website here: www.montgomeryplace.org
Where can I find the form 990 for Montgomery Place?
Montgomery Place's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.montgomeryplace.org
Learn more at the official website: www.montgomeryplace.org
Mission Statement of Montgomery Place
Montgomery Place, a continuing care retirement community, is dedicated to improving the lives of senior adults by offering both retirement housing and health services in a supportive and nurturing environment. The organization provides a range of living options with various independent living apartment selections and meal plans, allowing residents to choose what best suits their needs. The apartments, equipped with full kitchens and appliances, as well as in-unit washer and dryers, offer a sense of comfort and independence.
Common living spaces, both indoors and outdoors, foster companionship and address the physical, intellectual, and psychological needs of the residents. Montgomery Place offers several notable services and amenities, including complimentary wellness services, basic phone, cable, and internet, light housekeeping and linen, entertainment and transportation services, 24-hour live security, a call system in each unit, and on-site chaplain services. With these offerings, Montgomery Place ensures that the needs and comfort of each resident are prioritized.
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Impact
October, 2024
Montgomery Place significantly enhances the quality of life for senior adults by offering a comprehensive and nurturing living environment. As a life plan continuing care retirement community, it provides a range of independent living options that prioritize residents' comfort and dignity.
With a variety of apartment choices featuring full kitchens and individual amenities, residents can personalize their living spaces while enjoying the convenience of in-unit washers and dryers. The focus on community is further emphasized through thoughtfully designed common areas, both indoors and within the surrounding park-like grounds, which foster companionship and social engagement among residents.
Additionally, Montgomery Place offers a multitude of services aimed at promoting residents' well-being. From wellness services to entertainment and transportation, every aspect of daily life is considered. The inclusion of basic utilities, light housekeeping, and a call system in each unit ensures that residents feel secure and supported.
Overall, by promoting independence, community, and access to healthcare services, Montgomery Place plays a vital role in enriching the lives of seniors and safeguarding their health and happiness in a welcoming environment.
This information is meant to be a general summary of Montgomery Place. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $113,545
- Program Service Revenue: $16,706,262
- Gross Receipts: $21,032,005
Assets and Liabilities:
- Total Assets: $31,086,963
- Total Liabilities: $61,471,747
- Net Assets: -$30,384,784
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
INDEPENDENT LIVING
Revenue
$5,941,271
HEALTH CARE
Revenue
$5,650,027
HOME CARE
Revenue
$3,112,537
ASSISTED LIVING
Revenue
$1,551,636
AMORTIZED ENTRANCE FEES
Revenue
$450,791
Organization Details
Founding Year
1987
Phone
(773) 753-4100Principal Officer
Michael Mcgarry
Main Address
5550 SOUTH SHORE DRIVE, CHICAGO, IL, 60637
Website
www.montgomeryplace.orgNTEE Category
Code: P75 - Human services
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