Montage Living

Organization Overview

Montage Living is located in Charlotte, NC. The organization was established in 2018. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Montage Living employed 849 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Montage Living 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 12/2021, Montage Living generated $23.9m in total revenue. This organization has experienced exceptional growth, as over the past 4 years, it has increased revenue by an average of 74.4% each year . All expenses for the organization totaled $33.1m during the year ending 12/2021. While expenses have increased by 62.5% per year over the past 4 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

MONTAGE LIVING IS A SOUTH CAROLINA NONPROFIT CORPORATION ORGANIZED AND OPERATED FOR THE EXCLUSIVE CHARITABLE PURPOSE OF RELIEVING THE DISTRESSED THROUGH THE PROVISION OF HOUSING DESIGNED SPECIFICALLY TO ACCOMMODATE AND ADDRESS THE PARTICULAR PHYSICAL, SOCIAL AND CIVIC NEEDS OF THE ELDERLY WHILE PROMOTING THE CONTINUED DIGNITY AND INDEPENDENCE OF ITS RESIDENTS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

ASSISTED LIVING IS PROVIDED TO ELDERLY RESIDENTS (OVER AGE 55) WHO RECEIVE ASSISTANCE WITH ALL ACTIVITIES OF DAILY LIVING, PLANNED ACTIVITIES AND NUTRITIOUS DIETICIAN APPROVED MEALS, AS WELL AS REHABILITATION SERVICES AS NEEDED. THE ORGANIZATION OFFERS RECREATIONAL ACTIVITIES, INCLUDING BOOK CLUBS, GARDEN CLUBS, FITNESS OPPORTUNITIES AND OFF-SITE OUTING. TRANSPORTATION IS INCLUDED TO WORSHIP SERVICES, CULTURAL EVENTS AND SHOPPING. PROGRAMS ARE PROVIDED TO ASSIST RESIDENTS WITH HEALTH MANAGEMENT, HOUSEKEEPING, PERSONAL CARE AND OTHER GENERAL LIFESTYLE NEEDS. RENTAL RATES ARE SET AT OR BELOW MARKET RATE FOR THE AREA AS DETERMINED BY A THIRD PARTY ANALYSTS WITH OTHER SERVICES PROVIDED AT THE LOWEST FEASIBLE COST.


MEMORY CARE FACILITY RESIDENTS RECEIVE ADDITIONAL MEDICAL SERVICES TO MEET THESE RESIDENTS' UNIQUE MEDICAL NEEDS. THOSE LIVING WITH ALZHEIMER'S OR OTHER RELATED DISEASES OF DEMENTIA ARE GIVEN A SAFE AND WELCOMING ENVIRONMENT. ASSISTANCE IS OFFERED FOR ACTIVITIES OF DAILY LIVING, DIETICIAN APPROVED MEALS, IN-HOUSE REHABILITATION, LIMITED MEDICAL CARE, TRANSPORTATION FOR OFF-SITE MEDICAL EXAMINATIONS AND FOLLOW-UP TREATMENT. RENTAL RATES ARE SET AT OR BELOW MARKET RATE FOR THE AREA AS DETERMINED BY A THIRD PARTY ANALYSTS WITH OTHER SERVICES PROVIDED AT THE LOWEST FEASIBLE COST.


THE INDEPENDENT LIVING COMMUNITY PROGRAM HAS A 24-HOUR STAFF AND FEATURES VARIOUS SIZE ACCOMMODATIONS WITH PRIVATE LIVING QUARTERS. INDEPENDENT LIVING RESIDENTS ENJOY THE AMENITIES OF THE FACILITIES. DAILY EVENTS AND ACTIVITIES DESIGNED TO ENGAGE RESIDENTS AND PROMOTE CONTINUED INDEPENDENCE AND ACTIVITY IS PROVIDED BY THE ORGANIZATION'S STAFF. THE ORGANIZATION ALSO OFFERS TRANSPORTATION FOR ACTIVITIES, MEDICAL CARE AND WORSHIP SERVICES. HOUSING IS AVAILABLE AT RATES THAT ARE WITHIN THE FINANCIAL REACH OF A SIGNIFICANT SEGMENT OF THE ELDERLY POPULATION WITH RATES THAT ARE SET AT OR BELOW THE MARKET RATE FOR THE AREA.


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Board, Officers & Key Employees

Name (title)Compensation
Ryan Lambert
President
$0
Andrew Giraldo
Treasurer
$0
Nathanael Andrico
Secretary
$0
R Andrew Cox
Board Member
$0
David Little
Board Member
$0

Outside Vendors & Contractors

Vendor Name (Service)Compensation
Andrew's Mowing & Landscaping
Landscaping
$433,020
Legacy Healthcare
Therapy Services
$872,796
J A Mcneill & Sons
Pharmacy Services
$211,361
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $277,932
All other contributions, gifts, grants, and similar amounts not included above$0
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$277,932
Total Program Service Revenue$23,637,351
Investment income $117
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $25,445
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $23,940,845

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