MONTGOMERY PLACE

EIN: 363582046 501(c)(3)

CHICAGO, IL

Total Revenue
$19,371,860
Total Expenses
$20,586,050
Total Assets
$30,887,542
Net Assets
$-31,098,632
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Financial Trends

Organization Details

Formation Year
1987
Legal Domicile
IL
Principal Officer
MICHAEL CLARK
Phone
7737534100
Tax Period
2022-07-01 to 2023-06-30

MONTGOMERY PLACE, founded in 1987, is a mid-sized nonprofit that reported $19.4M in total revenue in fiscal year 2022. Revenue grew 8% year-over-year, indicating healthy expansion.

Mission

THE MISSION OF MONTGOMERY PLACE IS TO ENHANCE THE QUALITY OF LIFE FOR SENIOR ADULTS BY PROVIDING RETIREMENT HOUSING AND HEALTH SERVICES IN A NURTURING ENVIRONMENT THAT SUPPORTS EACH RESIDENT.

Program Service Accomplishments

Program 1
Expenses: $7,629,479 Revenue: $7,550,183

MONTGOMERY PLACE IS A LIFE PLAN CONTINUING CARE RETIREMENT COMMUNITY. RESIDENTS ARE OFFERED MULTIPLE OPTIONS IN INDEPENDENT LIVING APARTMENT SELECTION (VIEWS AND PRICES), VARYING MEAL PLANS...

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MONTGOMERY PLACE IS A LIFE PLAN CONTINUING CARE RETIREMENT COMMUNITY. RESIDENTS ARE OFFERED MULTIPLE OPTIONS IN INDEPENDENT LIVING APARTMENT SELECTION (VIEWS AND PRICES), VARYING MEAL PLANS, RESIDENT-DRIVEN DAILY ACTIVITIES AND OUTINGS. APARTMENTS INCLUDE FULL KITCHENS AND APPLIANCES, INCLUDING IN-UNIT WASHER/DRYERS. COMMON LIVING SPACES (BOTH IN THE BUILDING AND THE PARK-LIKE OUTDOORS SPACE) ENCOURAGE COMPANIONSHIP AND SATISFACTION OF PHYSICAL, INTELLECTUAL AND PSYCHOLOGICAL NEEDS. NOTABLE SERVICES AND AMENITIES INCLUDE COMPLIMENTARY WELLNESS SERVICES, BASIC PHONE, CABLE AND INTERNET, LIGHT HOUSEKEEPING/LINEN, ENTERTAINMENT AND TRANSPORTATION SERVICES, 24-HOUR LIVE SECURITY, CALL SYSTEM IN EACH UNIT, AND ON-SITE CHAPLAIN SERVICES.

Program 2
Expenses: $3,726,009 Revenue: $6,149,968

THE MONTGOMERY PLACE CCRC CAMPUS INCLUDES A 40-BED, MEDICARE-CERTIFIED SKILLED NURSING FACILITY THAT OFFERS SHORT-TERM REHABILITATION, LONG-TERM CARE WITH MEMORY CARE OPTIONS. IT IS A 5-STAR FACILITY...

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THE MONTGOMERY PLACE CCRC CAMPUS INCLUDES A 40-BED, MEDICARE-CERTIFIED SKILLED NURSING FACILITY THAT OFFERS SHORT-TERM REHABILITATION, LONG-TERM CARE WITH MEMORY CARE OPTIONS. IT IS A 5-STAR FACILITY BY THE CENTERS FOR MEDICARE AND MEDICAID SERVICES (CMS) AND RECOGNIZED AS ONE OF THE TOP PERFORMING FACILITIES IN THE NATION. RECOGNIZED FOR ITS SHORT-TERM REHAB OUTCOMES, IT HAS AFFILIATION WITH TWO MAJOR HOSPITAL NETWORKS IN CHICAGO.

Program 3
Expenses: $3,084,699 Revenue: $3,241,503

LIFE CARE AT HOME, LLC IS A PRIVATE-DUTY HOME CARE AND HOME NURSING AGENCY PROVIDING SERVICES TO PRIVATE-PAY, FEE-FOR-SERVICE CLIENTS IN THEIR HOMES IN THE CHICAGO AREA. IT IS A NON-TAXABLE LLC...

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LIFE CARE AT HOME, LLC IS A PRIVATE-DUTY HOME CARE AND HOME NURSING AGENCY PROVIDING SERVICES TO PRIVATE-PAY, FEE-FOR-SERVICE CLIENTS IN THEIR HOMES IN THE CHICAGO AREA. IT IS A NON-TAXABLE LLC, MANAGED BY ITS SOLE MEMBER MONTGOMERY PLACE. FLEXIBLY DESIGNED SERVICE PLANS MEET THE INDIVIDUAL NEEDS AND PREFERENCES OF CLIENTS. THE COMPANY ALSO PROVIDES CONTRACTED WELLNESS SERVICES TO MONTGOMERY PLACE.

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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%)

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Financial Overview (2022)

Revenue Breakdown

Contributions & Grants $115,532
Program Service Revenue $18,795,561
Investment Income $228,836
Other Revenue $231,931
TOTAL REVENUE $19,371,860

Expense Breakdown

Grants Paid $0
Salaries & Benefits $10,311,645
Fundraising Expenses $0
Program Expenses $14,791,723
Other Expenses $10,274,405
TOTAL EXPENSES $20,586,050

Year-over-Year Comparison

2022 2021 Change
Revenue $19,371,860 $17,866,732 +0.1%
Expenses $20,586,050 $20,690,659 0.0%
Net Income $-1,214,190 $-2,823,927 -0.6%
Key Indicators
Grants to Organizations Grants to Individuals Lobbying Political Activity Foreign Activities Donor Advised Fund Schedule B Required
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Governance

Voting Members
7
Independent Members
7
Employees
193
Volunteers
10

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
7
$649,050
Total Directors
7
$0
Key Employees
0
$0
Highest Compensated
1
reported
Name Title Hours/Week Role Reportable Comp Other Comp Total
GREGORY L GLEASON CHAIRMAN 1.00
Officer Director
$0 $0 $0
MORAG FULLILOVE VICE CHAIR 1.00
Officer Director
$0 $0 $0
SCOTT WILLIAMSON TREASURER 1.00
Officer Director
$0 $0 $0
DEBORAH FRANCZEK SECRETARY 1.00
Officer Director
$0 $0 $0
CONSTANCE BONBREST MD BOARD MEMBER 1.00
Director
$0 $0 $0
SUZANNE DUTCHER BOARD MEMBER 1.00
Director
$0 $0 $0
BRYON ROSNER MD BOARD MEMBER 1.00
Director
$0 $0 $0
MICHAEL M MCGARRY PRESIDENT & CEO 40.00
Officer
$265,005 $108 $265,113
MICHAEL CLARK CHIEF FINANCIAL OFFICER 40.00
Officer
$172,402 $24,648 $197,050
PAUL ZAPPOLI CHIEF OPERATING OFFICER 40.00
Officer
$169,172 $17,715 $186,887
ANN MIKSO DIRECTOR OF SALES AND MARKETING 40.00
Highest
$130,502 $0 $130,502
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 No data No data No data No data
2024 No data No data No data No data
2023 $19,371,860 $20,586,050 $30,887,542 $-1,214,190
2022 $17,866,732 $20,690,659 $31,086,963 $-2,823,927
2021 $16,111,662 $19,922,281 $31,885,880 $-3,810,619
2020 $19,113,602 $19,188,597 $36,394,368 $-74,995
2019 $17,241,318 $18,571,478 $38,273,036 $-1,330,160
2018 $17,410,883 $18,995,826 $39,885,293 $-1,584,943
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