Montereau Inc
- Assets
- $185.8m
- Revenue
- $41.8m
- Investments
- $153.0k
- Employees
- 562
- Location
- Tulsa, OK
- Founding
- 06/2000
- Data as of
- 06/2021
- EIN
- 73-1571795
Organization Overview
Montereau Inc is located in Tulsa, OK. The organization was established in 2000. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 06/2021, Montereau Inc employed 562 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montereau Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 06/2021, Montereau Inc generated $41.8m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 4.1% each year. All expenses for the organization totaled $41.0m during the year ending 06/2021. While expenses have increased by 1.7% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Since 2015, Montereau Inc has awarded 20 individual grants totaling $387,624. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990T
Mission & Program ActivityExcerpts From the 990T Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
CONTINUING CARE RETIREMENT COMMUNITY IN TULSA, OK.
Describe the Organization's Program Activity:
RESIDENTIAL INDEPENDENT LIVING FOR OLDER ADULTS - MONTEREAU PROVIDES RESIDENTIAL INDEPENDENT LIVING ACCOMODATIONS AND SUPPORTIVE SERVICES TO INVIDIDUALS AGE 55 AND OVER, THOUGH THE AVERAGE AGE OF NEW RESIDENTS IS 81. THE AVERAGE AGE OF ALL RESIDENTS IS 84. A TYPICAL RESIDENT ENTERING INDEPENDENT LIVING WILL RESIDE AT MONTEREAU FOR APPROXIMATELY 10 YEARS. RESIDENTS PAY AN ENTRANCE FEE UPON MOVING IN AND A MONTHLY SERVICE FEE WHILE THEY RESIDE AT MONTEREAU. ONCE MONTEREAU ACCEPTS A RESIDENT IN INDEPENDENT LIVING UNDER A CONTINUING CARE RESIDENCY AGREEMENT, MONTEREAU IS CONTRACTUALLY OBLIGATED TO PROVIDE INDEPENDENT LIVING AND HEALTH CARE SERVICES (GENERALLY EXCLUDING PRIMARY CARE, HOSPITAL CARE, PHARMACEUTICALS AND CERTAIN OTHER SUPPLIES) FOR THE REST OF THE RESIDENT'S LIFE REGARDLESS OF THE RESIDENT'S ABILITY TO PAY. MONTEREAU PROVIDES A FULL RANGE OF DINING OPTIONS, SOCIAL SERVICES, ENTERTAINMENT, CULTURAL DEVELOPMENT, SPIRITUAL LIFE, PHYSICAL FITNESS OPTIONS, TRANSPORTATION AND SIMILAR SERVICES TO ITS RESIDENTS, GENERALLY WITHOUT ANY ADDITIONAL FEES. MONTEREAU HAS 328 INDEPENDENT LIVING RESIDENCES AND CURRENTLY SERVES APPROXIMATELY 420 INDIVIDUALS IN INDEPENDENT LIVING.ASSISTED LIVING - MONTEREAU PROVIDES ASSISTED LIVING ACCOMODATIONS AND SUPPORTIVE SERVICES TO INDIVIDUALS THAT ENTER THE COMMUNITY THROUGH INDEPENDENT LIVING, AS WELL AS TO INVIDIDUALS THAT ARE ADMITTED DIRECTLY TO ASSISTED LIVING. THE ASSISTED LIVING FACILITIES INCLUDE A DINING AREA, PRIVATE DINING OPPORTUNITIES, A SERVERY, LIVING AREAS AND A COMMUNITY ROOM USED FOR ACTIVITIES. RESIDENTS IN ASSISTED LIVING ARE NOT CAPABLE OF LIVING ON THEIR OWN, AND THEY RECEIVE 24-HOUR LICENSED NURSING CARE, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING, IN ADDITION TO DINING OPTIONS, SOCIAL SERVICES, ENTERTAINMENT, CULTURAL DEVELOPMENT, SPIRITUAL LIFE, PHYSICAL FITNESS OPTIONS, TRANSPORTION AND OTHER SERVICES SIMILAR TO RESIDENTS IN INDEPENDENT LIVING. THE GOAL OF MONTEREAU'S ASSISTED LIVING PROGRAM IS TO ENABLE OLDER ADULTS TO MAINTAIN THEIR MAXIMUM POSSIBLE INDEPENDENCE GIVEN THE LIMITATIONS BROUGHT BY AGING AND ILLNESS. MONTEREAU HAS 44 ASSISTED LIVING UNITS THAT GENERALLY ARE APPROXIMATELY 95% OCCUPIED.MEMORY SUPPORT - MONTEREAU PROVIDES ACCOMODATIONS AND SUPPORTIVE SERVICES TO INDIVIDUALS THAT SUFFER FROM ALZHEIMER'S DISEASE AND SIMILAR COGNITIVE IMPAIRMENTS AND ENTER THE COMMUNITY THROUGH INDEPENDENT LIVING, AS WELL AS TO INDIVIDUALS THAT ARE ADMITTED DIRECTLY TO MEMORY SUPPORT. THE MEMORY SUPPORT FACILITIES INCLUDE A DINING AREA AND COMMUNITY ROOM, A SERVERY AND LIVING AREAS. RESIDENTS IN MEMORY SUPPORT ARE NOT CAPABLE OF LIVING ON THEIR OWN DUE TO COGNITIVE IMPAIRMENTS THAT MAY EXIST ALONGSIDE A NEED FOR ASSISTANCE. RESIDENTS RECEIVE 24-HOUR LICENSED NURSING CARE, ASSISTANCE WITH ACTIVITIES OF DAILY LIVING AND PROGRAMS SPECIFIC TO THEIR COGNITIVE IMPAIRMENT, AS WELL AS DINING OPTIONS, SOCIAL SERVICES, ENTERTAINMENT, ACTIVITIES, SPIRITUAL LIFE AND OTHER SERVICES SIMILAR TO RESIDENTS IN INDEPENDENT LIVING WITH ALLOWANCES FOR THEIR COGNITIVE AND PHYSICAL HEALTH. THE GOAL OF MONTEREAU'S MEMORY SUPPORT PROGRAM IS TO ENABLE OLDER ADULTS TO MAINTAIN THEIR MAXIMUM POSSIBLE INDEPENDENCE GIVEN THE LIMITATIONS BROUGHT BY THEIR COGNITIVE IMPAIRMENT, AGING AND ILLNESS. MONTEREAU HAS 29 ASSISTED LIVING UNITS THAT GENERALLY ARE APPROXIMATELY 90% OCCUPIED.SKILLED NURSING - MONTEREAU PROVIDES ACCOMODATIONS, NURSING CARE AND SUPPORTIVE SERVICES TO INDIVIDUALS THAT REQUIRE 24-HOUR NURSING CARE AND ENTER THE COMMUNITY THROUGH INDEPENDENT LIVING, AS WELL AS TO INVIDIDUALS THAT ARE ADMITTED DIRECTLY TO SKILLED NURSING. MONTEREAU SKILLED NURSING STAFFING IS HIGH IN COMPARISON TO SIMILAR FACILITIES ON A PER RESIDENT DAY BASIS, AND THE SKILLED NURSING UNIT IS AMONG A SELECT NUMBER OF SIMILAR FACILITIES THAT HAS EXPERIENCED TWO CONSECUTIVE YEARS OF DEFICIENCY FREE SURVEYS. THE SKILLED NURING FACILITIES INCLUDE DINING AREAS, COMMUNITY ROOMS, A SERVERY AND LIVING AREAS. RESIDENTS ARE PROVIDED WITH 24-HOUR LICENSED NURSING, DINING OPTIONS, SOCIAL SERVICES, ENTERTAINMENT, ACTIVITIES, SPIRITUAL LIFE AND OTHER SERVICES SIMILAR TO RESIDENTS IN INDEPENDENT LIVING WITH ALLOWANCES FOR THEIR COGNITIVE AND PHYSICAL HEALTH. THE GOAL OF MONTEREAU'S SKILLED NURSING PROGRAM IS TO ENABLE OLDER ADULTS TO MAINTAIN THEIR MAXIMUM POSSIBLE INDEPENDENCE GIVEN THE LIMITATIONS BROUGHT BY THEIR COGNITIVE IMPAIRMENT, AGING AND ILLNESS. MONTEREAU HAS 74 SKILLED NURSING BEDS THAT GENERALLY ARE APPROXIMATELY 94% OCCUPIED.
HOME CARE LLC- MONTEREAU PROVIDES COMPANION CARE FOR RESIDENTS IN INDEPENDENT LIVING, ASSISTED LIVING, MEMORY SUPPORT AND SKILLED NURSING FOR AN ADDITIONAL FEE. THE PURPOSE OF THIS PROGRAM IS TO PROVIDE SOCIALIZATION AND MAXIMIZE INDEPENDENCE FOR INDIVIDUALS AS THEY BECOME ISOLATED OR UNABLE TO ACCOMPLISH CERTAIN DOMESTIC TASKS SUCH AS HOUSEKEEPING AND PET CARE DUE TO INFIRMITY.
SOCIAL ACCOUNTABILITY - TOTAL CONTRIBUTIONS (CASH AND MEAL DONATIONS) TO VARIOUS ORGANIZATIONS $35,500. TOTAL IN-KIND CONTRIBUTIONS TO THE TULSA FOOD BANK $10,000. TOTAL RESIDENT VOLUNTEER HOURS 3,857 FOR A TOTAL VALUE OF $109,925. TOTAL EMPLOYEE VOLUNTEER HOURS 243 FOR A TOTAL VALUE OF $6,925.50. TOTAL STUDENT OR INTERN SUPERVISION HOURS PROVIDED 115 FOR A VALUE OF $3,278.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Angela Cozort President/ceo (term Ended 7/21) | Officer | 40 | $323,390 |
Tammy Brown COO Health Services | Officer | 40 | $191,837 |
Bobby Blose VP Of Operations (term Ended 1/21) | 40 | $190,202 | |
David Murlette Former President/ceo | 0 | $174,214 | |
Tom Sell CFO (term Ended 10/2020) | Officer | 40 | $157,201 |
Jessica Bolen Assistant Administrator | 40 | $118,081 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Executive Homes Llc Construction | 6/29/21 | $1,096,337 |
Rickys Painting Company Painter | 6/29/21 | $335,654 |
Five19 Creative Llc Marketing | 6/29/21 | $259,127 |
Rehabcare Group East Inc Physical Therapy Rehab | 6/29/21 | $762,697 |
Ford Audi-video Systems Llc Electrical Services | 6/29/21 | $221,140 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $4,196,777 |
| All other contributions, gifts, grants, and similar amounts not included above | $194,320 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $4,391,097 |
| Total Program Service Revenue | $35,992,346 |
| Investment income | $1,260,948 |
| Tax Exempt Bond Proceeds | $88,096 |
| Royalties | $0 |
| Net Rental Income | $13,585 |
| Net Gain/Loss on Asset Sales | -$619,693 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $41,785,985 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $35,500 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $672,033 |
| Compensation of current officers, directors, key employees. | $672,033 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $11,270,204 |
| Pension plan accruals and contributions | $462,163 |
| Other employee benefits | $1,837,256 |
| Payroll taxes | $917,843 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $67,693 |
| Fees for services: Accounting | $74,285 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $88,095 |
| Fees for services: Other | $6,200,078 |
| Advertising and promotion | $1,235,359 |
| Office expenses | $1,038,913 |
| Information technology | $628,446 |
| Royalties | $0 |
| Occupancy | $1,728,432 |
| Travel | $113,401 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $148,072 |
| Interest | $5,581,733 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $6,700,661 |
| Insurance | $574,450 |
| All other expenses | $0 |
| Total functional expenses | $41,008,898 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $7,447,370 |
| Savings and temporary cash investments | $8,294,117 |
| Pledges and grants receivable | $87,000 |
| Accounts receivable, net | $1,887,509 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $8,168 |
| Prepaid expenses and deferred charges | $184,123 |
| Net Land, buildings, and equipment | $122,252,315 |
| Investments—publicly traded securities | $45,523,527 |
| Investments—other securities | $153,033 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $185,837,162 |
| Accounts payable and accrued expenses | $6,061,735 |
| Grants payable | $0 |
| Deferred revenue | $19,533,590 |
| Tax-exempt bond liabilities | $108,019,464 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $5,580,981 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $124,559,155 |
| Total liabilities | $263,754,925 |
| Net assets without donor restrictions | -$80,371,208 |
| Net assets with donor restrictions | $2,453,445 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $185,837,162 |
Grants Awarded
Over the last fiscal year, Montereau Inc has awarded $35,000 in support to 2 organizations.
| Grant Recipient | Amount |
|---|---|
ALZHEIMER'S ASSOCIATION PURPOSE: ALZHEIMER'S RESEARCH | $25,000 |
Tulsa, OK PURPOSE: SENIOR LIVING | $10,000 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Montereau Inc has recieved totaling $31.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $31 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
National Campus And Community Development Corporation Inc Austin, TX | $887,216,722 | $73,390,968 |
Highland Springs Inc Dallas, TX | $511,119,867 | $65,778,330 |
Buckner Retirement Services Inc Dallas, TX | $144,152,515 | $58,030,892 |
Eagles Trace Inc Houston, TX | $392,478,600 | $52,950,819 |
Tallgrass Creek Inc Overland Park, KS | $320,564,283 | $44,877,675 |
Presbyterian Village North Dallas, TX | $220,743,885 | $46,469,442 |
Montereau Inc Tulsa, OK | $185,837,162 | $41,785,985 |
Buckner Senior Living Inc Dallas, TX | $215,344,263 | $20,049,948 |
La Vida Llena Albuquerque, NM | $163,809,368 | $31,265,301 |
Ashfield Active Living And Wellness Communities Inc Wichita, KS | $146,263,664 | $27,107,556 |
The Legacy Midtown Park Inc Dallas, TX | $173,980,133 | $7,399,995 |
Christian Living Communities Englewood, CO | $42,962,159 | $17,819,657 |