2025-05-13T17:17:31-05:00 2024-06-30 331498605 PLANTE & MORAN PLLC 10 S RIVERSIDE PLAZA 9TH FLOOR CHICAGO IL 60606 990 2023-07-01 363582046 MONTGOMERY PLACE MONT 7737534100 5550 SOUTH SHORE DRIVE CHICAGO IL 60637 MICHAEL CLARK CFO 7737534100 2025-05-13 1 1 DAVID LOWENTHAL P00378651 3122071040 2025-05-10 2023 2025-03-06 01:10:19Z MICHAEL CLARK 5550 SOUTH SHORE DRIVE CHICAGO IL 60637 20081655 0 X WWW.MONTGOMERYPLACE.ORG X 1987 IL 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. 7 7 217 10 195028 0 115532 182163 18795561 18448829 228836 364103 231931 241074 19371860 19236169 0 0 0 0 10311645 10464163 0 0 0 10274405 10791231 20586050 21255394 -1214190 -2019225 30887542 29446009 61986174 61946908 -31098632 -32500899 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. 0 0 8309288 8936716 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. 3683564 5736559 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 RATED 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. 3506304 3303084 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. 462281 472470 462281 472470 15961437 1 1 0 0 0 0 0 1 0 0 1 0 1 0 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 1 24 0 1 217 1 1 1 0 0 0 0 0 0 0 0 0 0 0 X 7 7 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 IL X MICHAEL CLARK CFO 7737534100 5550 SOUTH SHORE DRIVE CHICAGO IL 60637 GREGORY L GLEASON CHAIRMAN 1.00 0.50 X X 0 0 0 CHARLES STEWART VICE CHAIR - BEG. 9/2023 1.00 0.00 X X 0 0 0 MORAG FULLILOVE VICE CHAIR - THRU 9/2023 1.00 0.50 X X 0 0 0 SCOTT WILLIAMSON TREASURER 1.00 0.50 X X 0 0 0 DEBORAH FRANCZEK SECRETARY 1.00 0.00 X X 0 0 0 CONSTANCE BONBREST MD BOARD MEMBER 1.00 0.50 X 0 0 0 SUZANNE DUTCHER BOARD MEMBER 1.00 0.50 X 0 0 0 BRYON ROSNER MD BOARD MEMBER 1.00 0.00 X 0 0 0 MICHAEL M MCGARRY PRESIDENT & CEO 40.00 1.00 X 224070 0 9982 MICHAEL CLARK CHIEF FINANCIAL OFFICER 40.00 1.00 X 183425 0 23832 PAUL ZAPPOLI CHIEF OPERATING OFFICER - PART YEAR 40.00 0.00 X 82501 0 0 ANN MIKSO DIRECTOR OF SALES AND MARKETING 40.00 0.00 X 157412 0 108 647408 0 33922 3 0 1 0 HEALTHPRO REHABILITATION 536 OLD HOWELL ROAD GREENVILLE SC 29615 PHYSICAL THERAPIST AGENCY 864693 OAK BROOK MECHANICAL SERVICES INC 961 S ROUTE 83 ELMHURST IL 60126 REPAIRS AND MAINTENANCE 611438 2060 DIGITAL CHICAGO PO BOX 83141 CHICAGO IL 60691 MARKETING AND PUBLIC RELATIONS 385587 REV CAPITAL PO BOX 741791 LOS ANGELES CA 90071 NURSING AGENCY 319122 WEST LAKE 4916 N LOWELL AVE CHICAGO IL 60630 CONSTRUCTION SERVICES 194395 14 78673 103490 182163 INDEPENDENT LIVING 623000 6989230 6989230 HEALTH CARE 623000 5736559 5736559 HOME CARE 623000 3341974 3341974 ASSISTED LIVING 623000 1908596 1908596 AMORTIZED ENTRANCE FEES 623000 472470 472470 18448829 299924 299924 16580 12505 4075 4075 4075 897160 832981 64179 64179 64179 GARAGE RENTAL 900099 223520 195028 28492 OTHER REVENUE 900099 24707 24707 CAFE LIBRARY 900099 13536 13536 -24764 -24764 236999 19236169 18448829 195028 410149 523810 523810 8378225 6740094 1638131 722016 638629 83387 840112 568572 271540 171849 171849 93977 93977 46255 46255 1472072 942346 529726 826510 826510 322458 290212 32246 425685 288001 137684 1524340 1371906 152434 1712218 1393650 318568 522934 470640 52294 FOOD & SUPPLIES 1195703 1087506 108197 ANCILLARY 1098359 1097818 541 OTHER ADMIN EXPENSE 1063125 759434 303691 REPAIRS & MAINTENANCE 315746 312629 3117 21255394 15961437 5293957 0 1145190 830121 1451850 987500 253696 161376 63115512 46450663 18084305 16664849 7357191 7138244 71139 106402 2259663 2292850 264508 1264667 30887542 29446009 2427750 2303104 1745565 1633295 27333593 26814645 30479266 31195864 61986174 61946908 X -31098632 -32500899 -31098632 -32500899 30887542 29446009 -2019225 616958 0 X 0 1 X 1 0 X 1675440 595961 141451 115532 182163 2710547 16781609 15145607 16706261 18795561 18361892 85790930 18457049 15741568 16847712 18911093 18544055 88501477 3300 3300 0 3300 3300 88498177 507787 349638 359312 376867 536156 2129760 507787 349638 359312 376867 536156 2129760 240075 183181 790761 167103 68284 1449404 19204911 16274387 17997785 19455063 19148495 92080641 0.96110 0.95890 0.02310 0.02400 X SCHEDULE A, PART III, LINE 12, EXPLANATION OF OTHER INCOME: MISCELLANEOUS INCOME - 2019 AMOUNT: $ 110,080. 2020 AMOUNT: $ 70,779. 2021 AMOUNT: $ 165,393. 2022 AMOUNT: $ 30,347. 2023 AMOUNT: $ 54,748. MANAGEMENT FEE - 2019 AMOUNT: $ 36,000. 2020 AMOUNT: $ 36,000. RESIDENT GARAGE - 2019 AMOUNT: $ 60,036. 2020 AMOUNT: $ 46,467. 2021 AMOUNT: $ 48,084. 2022 AMOUNT: $ 32,277. CAFE LIBRARY - 2019 AMOUNT: $ 33,959. 2020 AMOUNT: $ 29,935. 2021 AMOUNT: $ 12,286. 2022 AMOUNT: $ 33,951. 2023 AMOUNT: $ 13,536. STAFFING SERVICES - 2021 AMOUNT: $ 469,400. 2022 AMOUNT: $ 46,348. MEDICATION/CARE MANAGEMENT - 2021 AMOUNT: $ 95,598. 2022 AMOUNT: $ 24,180. RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 3253612 3253612 20823606 20823606 0 30576463 19920236 10656227 7862518 5410712 2451806 599313 296109 303204 16664849 INTEREST FUND - BONDS 129459 F BOND SINKING FUND 56454 F DEBT SERVICE RESERVE FUND 2106937 F 2292850 DUE TO AFFILIATE 2567936 INDEPENDENT LIVING SECURITY DEPOSITS 385226 ENTRANCE FEES DEPOSITS 338590 ENTRANCE FEES REFUNDABLE 27467608 LCAH SECURITY DEPOSITS 436504 31195864 PART III, LINE 4: THE ORGANIZATION'S COLLECTIONS CONSIST PRIMARILY OF DONATED WORKS OF ART THAT ARE ON DISPLAY IN PUBLIC THROUGHOUT THE RETIREMENT COMMUNITY. THESE WORKS OF ART ARE USED TO PROVIDE A WELCOMING ENVIRONMENT TO RESIDENTS AND FAMILIES IN FURTHERANCE OF THE ORGANIZATION'S MISSION OF ENHANCING THE QUALITY OF LIFE FOR SENIOR ADULTS. X X X 1 0 0 0 0 0 0 1 0 MICHAEL M MCGARRY PRESIDENT & CEO 224070 0 0 0 0 0 108 0 9874 0 234052 0 0 0 MICHAEL CLARK CHIEF FINANCIAL OFFICER 161425 0 22000 0 0 0 16647 0 7185 0 207257 0 0 0 ANN MIKSO DIRECTOR OF SALES AND MARKETING 157412 0 0 0 0 0 108 0 0 0 157520 0 0 0 PART I, LINE 4A THE FOLLOWING INDIVIDUAL RECIEVED SEVERANCE PAYMENTS IN CALENDAR YEAR 2023: PAUL ZAPPOLI - $82,501 PART I, LINE 7 THE ORGANIZATION PROVIDES NON-FIXED PAYMENTS TO OFFICERS AND HIGHEST COMPENSATED EMPLOYEES ON AN ANNUAL BASIS. THE AMOUNT PROVIDED TO EACH INDIVIDUAL IS DETERMINED BY THE BOARD AND IS DISCRETIONARY IN NATURE. THE NON-FIXED PAYMENTS ARE REPORTED AS BONUS/INCENTIVE COMPENSATION IN PART II OF SCHEDULE J. A ILLINOIS FINANCE AUTHORITY 861091967 45204ETE8 2017-05-04 31085000 REFINANCE OF SERIES 2006 BONDS 0 0 0 A 3520000 30765910 2038970 206814 615318 27904808 1 0 1 1 A 0 1 1 1 0 0.00000 0.01330 0.01330 0 0 1 A 0 0 1 0 0 0 0 0 0 A 1 SCHEDULE K, PART III, LINE 2: A PORTION OF THE PARKING GARAGE IS OFFERED TO NON-RESIDENTS: THIS IS THE ONLY AREA THAT HAS PRIVATE USE. THE AVAILABILITY IS ONLY WHEN RESIDENTS DO NOT WANT TO RENT AND WHEN A RESIDENT DOES REQUEST A SPACE, THE NEWEST NON-RESIDENT RENTER IS REMOVED. THIS WAS DONE UPON INITIAL OPENING; THE ORGANIZATION DOES NOT USE THE FACILITY IN ANY WAY THAT IS NOT CONSISTENT WITH THE MISSION. FORM 990, PART VI, SECTION B, LINE 11B THE FULL FORM 990, INCLUDING ALL APPLICABLE SCHEDULES, IS REVIEWED BY THE ORGANIZATION'S MANAGEMENT AND MEMBERS OF THE FINANCE COMMITTEE OF THE MONTGOMERY PLACE BOARD OF DIRECTORS. SUBSEQUENT TO THIS REVIEW, A COPY OF THE FINAL FORM 990 IS DISTRIBUTED TO EACH MEMBER OF THE ORGANIZATION'S BOARD OF DIRECTORS PRIOR TO FILING WITH THE IRS. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION'S CONFLICT OF INTEREST POLICY COVERS ALL OFFICERS, DIRECTORS, TRUSTEES AND KEY EMPLOYEES (INTERESTED PERSONS). THE BOARD ANNUALLY REVIEWS THE POLICY ON CONFLICTS OF INTEREST AND ASKS ALL INTERESTED PERSONS TO DISCLOSE ANY CONFLICTS THAT MIGHT EXIST. IF IT IS DETERMINED THAT AN INTERESTED PERSON HAS A CONFLICT OF INTEREST WITH THE ORGANIZATION, THE INTERESTED PERSON WILL BE ASKED TO EXCUSE THEMSELVES FROM THE DISCUSSIONS AND DECISIONS THAT ARE MADE IN REGARDS TO THE TRANSACTION WHERE A CONFLICT EXISTS. FORM 990, PART VI, SECTION B, LINE 15 THE HR COMMITTEE EVALUATES THE PERFORMANCE OF THE CEO BASED ON PRE-ESTABLISHED GOALS AND OBJECTIVES. COMPENSATION IS COMPARED TO INDUSTRY DATA FOR SIMILAR POSITIONS. THE HR COMMITTEE PREPARES FINAL RECOMMENDATION TO THE BOARD OF DIRECTORS FOR FINAL APPROVAL. THE LAST REVIEW OCCURRED DURING FYE 6/30/24. THE CEO EVALUATES THE PERFORMANCE OF THE CFO AND ADMINISTRATOR BASED ON PRE-ESTABLISHED GOALS AND OBJECTIVES. COMPENSATION IS COMPARED TO INDUSTRY DATA FOR SIMILAR POSITIONS. RECOMMENDATION IS PRESENTED TO THE HR COMMITTEE FOR FINAL APPROVAL. THIS REVIEW OCCURS EACH YEAR. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS, GOVERNING DOCUMENTS, AND CONFLICT OF INTEREST POLICIES ARE NOT REQUIRED DISCLOSURES PURSUANT TO INTERNAL REVENUE CODE (IRC) SECTION 6104. THESE DOCUMENTS ARE NOT AVAILABLE TO THE PUBLIC AT THIS TIME. LIFE CARE AT HOME 5550 SOUTH SHORE DRIVE CHICAGO IL 60637 371947674 HOME CARE AND HOME NURSING SERVICES IL 3378443 1241563 MONTGOMERY PLACE THE CHURCH HOME 5550 SOUTH SHORE DRIVE CHICAGO IL 60637 360915453 PASTORAL CARE IL 501(C)(3) LINE 12B, II MONTGOMERY PLACE 1 0 0 1 0 0 0 0 0 0 0 0 1 0 1 0 0 0 0 0 THE CHURCH HOME C 78673 ACTUAL COST