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.

501(c)(3) charity; gifts are tax-deductible.
76¢ of each $1 spent went to programs.
$705K paid to officers and key staff.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · Pay: Part VII

Before you give

FY2022 · Form 990-TIndependent: from IRS data, not the org
Download 990
IRS status
501(c)(3)
not on the IRS revocation list
Looks good: listed by the IRS and not on the revocation list.
IRS BMF · Auto-Revocation List
Tax-deductible gifts
Yes
Donations are tax-deductible
Looks good: the IRS lists gifts to it as deductible.
IRS Pub. 78 · IRS BMF
Latest return
FY2025
latest Form 990-T
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
0 of 6
filings with a surplus
Average deficit $1.9M a year · 10% of revenue · last 6 filings
Concern: a surplus in 0 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
76%
of spending
Looks good: 76% of spending went to programs; 75% or more.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$705K
to officers and key staff · 3% of spending
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
1 mo
of spending, in cash
Plus $9.5M in investments, Pt X · Ln 11–13
Fine: 1.2 months of spending in cash; 1 to 3.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
2
named funders · $143
Fine: 2 funders name it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$61.5M
198% of total assets
Concern: liabilities are 198% of assets; over 80%.
Pt X · Ln 26
Independent board members
7
of 7 voting members
Looks good: 7 of 7 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$17.9M
+11% vs prior year
Spent
$20.7M
To programs
76%
Net assets
−$30.4M
By yearFY2020–FY2025
Revenue
$17.9M
FY2022▲ +11%
Tap a bar for its year
Revenue by fiscal year
FY2020$19.1M
FY2021$16.1M
FY2022$17.9M
FY2023$19.4M
FY2024$19.2M
FY2025$20.0M
Expenses
$20.7M
FY2022▲ +4%
Tap a bar for its year
Expenses by fiscal year
FY2020$19.2M
FY2021$19.9M
FY2022$20.7M
FY2023$20.6M
FY2024$21.3M
FY2025$21.2M
Net assets
−$30.4M
FY2022▼ -10%
Tap a bar for its year
Net assets by fiscal year
FY2020−$23.9M
FY2021−$27.6M
FY2022−$30.4M
FY2023−$31.1M
FY2024−$32.5M
FY2025−$33.3M

From the FY2022 Form 990 (year ending June 2022) · figures checked against the IRS filing · see the original

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You’re viewing the FY2022 filing — not the latest on file. See the latest (FY2025) →

Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Dec 1988.

IRS Pub. 78 · IRS Auto-Revocation List · IRS Business Master File

Where the money goes

76 cents of each dollar spent went to programs.

Program services 76% · $15.8M Management & general 24% · $4.9M

Form 990 Part IX, line 25, columns B–D. Every line is in By the numbers.

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Who runs it and what they're paid

12 people listed on the 990-T; $705K paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2021); the FY2022 filing did not itemize Part VII
President & CEO - Thru 12/2021
$239,623Pt VII · Sec A
Chief Operating Officer
$165,556Pt VII · Sec A
Chief Financial Officer
$161,916Pt VII · Sec A
Chief Relationship Officer
$106,843Pt VII · Sec A
President & CEO - Beg 11/2021
$30,791Pt VII · Sec A
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A
Board Member
$0Pt VII · Sec A

Compensation history total reportable pay by year · 8 named individuals · Part VII

NameFY2025FY2024FY2023FY2022FY2021FY2020
Michael M McGarry$179,620$224,070$265,005$30,791——
Michael Clark$256,472$183,425$172,402$161,916$127,790—
Deborah Hart———$239,623$244,435$245,184
Ann Mikso$187,163$157,412$130,502———
Paul Zappoli—$82,501$169,172$165,556$160,020$122,933
Melody Chase$148,990—————
Stefanie Dziedzic———$106,843$146,342—
Leatrice Rogers$137,049—————

Total reportable compensation (Form 990 Part VII column D / Schedule J column E) by filing year, matched by name within this organization. The Schedule J base / bonus / deferred breakdown is not parsed into this dataset.

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Questions the 990 asks

The form asks each of these directly. These are the filed answers.

  • Family or business ties among officersPt VI · Ln 2No
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides senior housing and health services to improve quality of life.

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Provided by the organization

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3 programs · $15.4M · in their own filed words · FY2021
01

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.

$7.7Mprogram expense
02

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.

$4.2Mprogram expense
03

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.

$3.6Mprogram expense

Funders

Who pays for it.

From grant filings on record. Receipts are incomplete: individual donors are never listed.

Grants

Schedule I · funders on record
Grants received · FY2023
Total grants receivedfrom 2 funders$143

By the numbers

The FY2022 990-T, line by line.

1The main four
Money in
$17.9M
Fees for services$16.7M
Other income$905K
Gifts and grants$141K
Money out
$20.7M
Programs$15.8M
Management$4.9M
Owns and owes
−$30.4M
net assets
Cash and savings$2.0M
Total assets$31.1M
Liabilities$61.5M
People
12
listed
Paid5
Voting board7
Independent7
2In more detail
Revenue in detail
Gifts and grants$141K
Fees for services$16.7M
Investment income$114K
Other income$905K
Total revenue$17.9M
Assets in detailEnd of year
Cash and savings together$2.0M
Total assets$31.1M
Liabilities$61.5M
Net assets−$30.4M
Operations
Employees119
Volunteers10
Fiscal year endsJune
Conflict-of-interest policyYes
Whistleblower policyYes
Records policyYes

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest $20.0M$21.2M−$1.2M−$33.3M 990 PDF
FY2024 $19.2M$21.3M−$2.0M−$32.5M 990 PDF
FY2023 $19.4M$20.6M−$1.2M−$31.1M 990 PDF
FY2022 Viewing $17.9M$20.7M−$2.8M−$30.4M 990 PDF
FY2021 $16.1M$19.9M−$3.8M−$27.6M 990 PDF
FY2020 $19.1M$19.2M−$75K−$23.9M 990 PDF

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Schedules filed Part IV

III · Programs R · Related orgs G · Fundraising L · Interested persons

Form 990 e-file (XML) FY2022 from the IRS · Classification, formation year and address from the IRS Business Master File

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