Montereau INC

Tax-deductible

Tulsa, OK501(c)(3)Since 1999HousingEIN 73-1571795Revenue $52.0M in FY2025

On file with the IRSmontereau.net6800 S Granite Avenue, 74136-7039 · Tulsa, OKTax-exempt since Jun 2000Publicly supported — 509(a)(2)

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Continuing care retirement community in tulsa, ok.

501(c)(3) charity; gifts are tax-deductible.
73¢ of each $1 spent went to programs.
Run by 99 volunteers and 528 employees.
Mission: Form 990 Part I, line 1 · Status: IRS Pub. 78 · Programs: Part IX · People: Part I, lines 5–6

Before you give

FY2025 · Form 990Independent: 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
Looks good: the latest return is for FY2025, 1 tax year back; within 2 tax years.
IRS e-file · Filing history
Surplus or deficit
4 of 6
filings with a surplus
Average surplus $713K a year · 2% of revenue · last 6 filings
Fine: a surplus in 4 of the last 6 filings.
Pt I · Ln 19 · 6 filings
Spent on programs
73%
of spending
Fine: 73% of spending went to programs; 65% to 75%.
Pt IX · Ln 25 · col B
Pay to officers and key staff
$1.6M
to officers and key staff · 3% of spending
Top officer’s pay higher than 94% of similar orgs
Looks good: pay to officers and key staff is 3% of spending; 15% or less.
Pt VII · Sec A
Cash reserves
4 mo
of spending, in cash
Looks good: 4.1 months of spending in cash; 3 or more.
Pt X · Ln 1–2 · Pt I · Ln 18
Named funders
1
named funder · $11K
Fine: 1 funder names it on their filings; under 3.
Funders’ Sch. I, 990-PF
Liabilities
$269.6M
139% of total assets
Concern: liabilities are 139% of assets; over 80%.
Pt X · Ln 26
Independent board members
10
of 10 voting members
Looks good: 10 of 10 voting members are independent, a majority.
Pt VI · Ln 1a–1b
Looks goodFineWorth a lookConcernNo data yetTap a box for the reason.
Revenue
$52.0M
+7% vs prior year
Spent
$48.2M
To programs
73%
Net assets
−$75.2M
By yearFY2020–FY2025
Revenue
$52.0M
FY2025▲ +7%
Tap a bar for its year
Revenue by fiscal year
FY2020$39.0M
FY2021$41.8M
FY2022$41.9M
FY2023$44.7M
FY2024$48.5M
FY2025$52.0M
Expenses
$48.2M
FY2025▲ +3%
Tap a bar for its year
Expenses by fiscal year
FY2020$39.3M
FY2021$41.0M
FY2022$43.8M
FY2023$44.6M
FY2024$46.7M
FY2025$48.2M
Net assets
−$75.2M
FY2025▲ +7%
Tap a bar for its year
Net assets by fiscal year
FY2020−$81.4M
FY2021−$77.9M
FY2022−$85.4M
FY2023−$84.6M
FY2024−$80.7M
FY2025−$75.2M

From the FY2025 Form 990 (year ending June 2025) · figures checked against the IRS filing · see the original

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Is it real?

Yes. Never revoked by the IRS. Latest filing on record: FY2025. IRS ruling in Jun 2000.

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

Where the money goes

73 cents of each dollar spent went to programs.

Program services 73% · $35.3M Management & general 27% · $13.0M

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

19 people listed on the 990; $1.6M paid to officers and key staff.

Part VII, Section A · reportable compensation · most recent filed roster (FY2024); the FY2025 filing did not itemize Part VII
$472,470Pt VII · Sec A
$266,836Pt VII · Sec A
Director of Marketing
$146,252Pt VII · Sec A
COO Thru 7/24
$145,282Pt VII · Sec A
Director of Plant Operations
$144,977Pt VII · Sec A
$134,165Pt VII · Sec A
Health Care Administrator
$127,121Pt VII · Sec A
Director of Project Management
$122,532Pt VII · Sec A

Scott Nield’s $472K as CEO is at the 94th percentile of top reported officer pay among 676 $10–100M housing nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.

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

NameFY2025FY2024FY2023FY2022FY2021FY2020
Scott Nield$472,470$472,470$241,089———
David Murlette————$174,214$399,933
Angela Cozort———$157,169$323,390$250,803
Saunya Moore$266,836$266,836$247,085$219,430——
Tammy Brown——$127,949$233,856$191,837$171,863
Bobby Blose————$190,202$150,477
Jamie Michelle Townsend$146,252$165,756$147,599$116,161$113,769$122,739
Amin Sanaia$145,282$158,538————

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 2Yes
  • Top official's pay set by an independent reviewPt VI · Ln 15aYes

Programs and updates

Provides housing, healthcare, and support for seniors in Tulsa.

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Provided by the organization

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3 programs · $35.3M · in their own filed words · FY2024
01

Residential Independent Living for Older Adults

Montereau provides residential independent living accommodations and supportive services to individuals 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.

$32.3Mprogram expense
02

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…

$2.8Mprogram expense
03

Social Accountability

Total cash contributions to various organizations $5,000. Total in kind contributions to the university of tulsa are $87,603. Total resident volunteer hours 6,112 for a total of $168,329.

$93Kprogram expense

Funders

Who pays for it.

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

Grants

Schedule I · received and paid
Grants received · FY2023
Total grants receivedfrom 1 funder$11K
Grants paid · 7 grants · $128K · 2019–2022
Alzheimer's AssociationFY2022$10,000
Life Senior Services INCOK · FY2022$10,000
Alzheimer's AssociationFY2021$31,000
Alzheimer's AssociationFY2020$25,000
Life Senior Services INCOK · FY2020$10,000
Alzheimer's AssociationFY2019$32,500
Life Senior Services INCOK · FY2019$10,000

By the numbers

The FY2025 990, line by line.

1The main four
Money inPt VIII
$52.0M
Ln 12
Fees for servicesLn 2g$46.6M
Investment incomeLn 3$3.8M
Other incomeLn 4–11$995K
Money outPt IX
$48.2M
Ln 25
Programscol B$35.3M
Managementcol C$13.0M
Owns and owesPt X
−$75.2M
net assets · Ln 32
Cash and savingsLn 1–2$16.6M
Total assetsLn 16$194.4M
LiabilitiesLn 26$269.6M
PeoplePt VI, VII
19
listed · VII A
PaidVII A9
Voting boardVI 1a10
IndependentVI 1b10
2In more detail
Revenue in detailPt VIII
Gifts and grantsLn 1h$664K
Fees for servicesLn 2g$46.6M
Investment incomeLn 3$3.8M
Other incomeLn 4–11$995K
Gains on assetsLn 7$1.1M
Total revenueLn 12$52.0M
Assets in detailPt X, end of year
CashLn 1$8.3M
SavingsLn 2$8.3M
Cash and savings togetherLn 1–2$16.6M
InvestmentsLn 11–13$53.2M
Land, buildings, equipmentLn 10c$114.2M
Other assetsLn 15$5.6M
Total assetsLn 16$194.4M
LiabilitiesLn 26$269.6M
Net assetsLn 32−$75.2M
OperationsPt I, VI
EmployeesI 5528
VolunteersI 699
Fiscal year endsHeaderJune
Conflict-of-interest policyVI 12aYes
Whistleblower policyVI 13Yes
Records policyVI 14Yes
3Year over year
Balance sheet, start vs end of yearPt X · col A, B
LineStart FY25End FY25
Cash and savingsLn 1–2$13.6M$16.6M
InvestmentsLn 11–13$50.0M$53.2M
Land, buildings, equipmentLn 10c$117.5M$114.2M
Total assetsLn 16$191.8M$194.4M
LiabilitiesLn 26$272.5M$269.6M
Net assetsLn 32−$80.7M−$75.2M
4Every line
Statement of functional expensesPt IX · every line
LineTotalProgramsManagementFundraising
Grants to domestic organizationsLn 1$5K$5K
Grants to domestic individualsLn 2$88K$88K
Pay of current officers, directors and key staffLn 5$882K$882K
Other salaries and wagesLn 7$12.0M$10.5M$1.5M
Pension plan contributionsLn 8$365K$309K$56K
Other employee benefitsLn 9$1.7M$1.3M$465K
Payroll taxesLn 10$1.0M$835K$181K
Legal feesLn 11b$595K$595K
Accounting feesLn 11c$83K$83K
Investment management feesLn 11f$112K$112K
Other fees for servicesLn 11g$5.6M$1.3M$4.3M
Advertising and promotionLn 12$783K$27K$756K
Office expensesLn 13$2.7M$2.6M$168K
Information technologyLn 14$1.2M$25K$1.2M
OccupancyLn 16$1.9M$1.4M$502K
TravelLn 17$90K$53K$37K
Conferences, conventions and meetingsLn 19$14K$6K$8K
InterestLn 20$5.0M$4.4M$616K
Depreciation, depletion and amortizationLn 22$8.4M$7.4M$1.0M
InsuranceLn 23$795K$698K$97K
Other expenses (24a–d)Ln 24$4.4M$4.0M$380K
All other expensesLn 24e$358K$288K$70K
Total functional expensesLn 25$48.2M$35.3M$13.0M$0

Filing history

YearMoney inMoney outIn minus outNet assetsDownload
FY2025 Latest Viewing $52.0M$48.2M$3.8M−$75.2M 990 PDF
FY2024 $48.5M$46.7M$1.8M−$80.7M 990 PDF
FY2023 $44.7M$44.6M$95K−$84.6M 990 PDF
FY2022 $41.9M$43.8M−$1.9M−$85.4M 990 PDF
FY2021 $41.8M$41.0M$777K−$77.9M 990 PDF
FY2020 $39.0M$39.3M−$302K−$81.4M 990 PDF

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Schedules filed Part IV

III · Programs I · Grants R · Related orgs G · Fundraising L · Interested persons A · Public support F · Foreign M · Noncash
See the full FY2025 990 (6 parts)
Part I · Summary $52,048,886 revenue, 12 lines filed
I-8 Contributions and grantsPrior year $521,109$663,676
I-9 Program service revenuePrior year $42,669,601$46,606,355
I-10 Investment incomePrior year $3,710,369$3,783,590
I-11 Other revenuePrior year $1,592,620$995,265
I-12 Total revenuePrior year $48,493,699$52,048,886
I-13 Grants and similar amounts paidPrior year $3,227$92,603
I-14 Benefits paid to membersPrior year $0$0
I-15 Salaries and benefitsPrior year $16,318,133$16,057,372
I-16a Professional fundraising feesPrior year $0$0
I-17 Other expensesPrior year $30,385,507$32,091,646
I-18 Total expensesPrior year $46,706,867$48,241,621
I-19 Revenue less expensesPrior year $1,786,832$3,807,265
Part VI · Governance 10 of 10 board members independent, 1 to look at
VI-1a Voting members of the governing body10
VI-1b Independent voting members10
VI-2 Family or business relationship among officers or directorsYes
VI-12a Written conflict of interest policyYes
VI-13 Written whistleblower policyYes
VI-14 Document retention and destruction policyYes
VI-15a Process for setting top official's payYes
Part VIII · Statement of revenue $52,048,886 across 8 lines filed
Lines not itemized here account for $338,121 of total revenue; see the IRS return.
VIII-1f All other contributions, gifts and grants$663,676
VIII-1h Total contributions, gifts and grants$663,676
VIII-2a-f Program service revenue, itemized rows (sum of 2a–2f as filed)Related to mission $46,606,355$46,606,355
VIII-3 Investment incomeExcluded from tax $2,455,735$2,455,735
VIII-6 Net rental income or lossExcluded from tax $13,975$13,975
VIII-7 Net gain or loss on sales of assetsExcluded from tax $1,143,515$1,143,515
VIII-11a-d Other revenue, itemized rows (sum of 11a–11d as filed)Excluded from tax $827,509$827,509
VIII-12 Total revenueRelated to mission $46,606,355 · Unrelated business $0 · Excluded from tax $4,778,855$52,048,886
Part IX · Statement of functional expenses $48,241,621 across 22 lines filed
IX-1 Grants to domestic organizationsPrograms $5,000$5,000
IX-2 Grants to domestic individualsPrograms $87,603$87,603
IX-5 Pay of current officers, directors and key staffManagement $882,362$882,362
IX-7 Other salaries and wagesPrograms $10,538,262 · Management $1,510,608$12,048,870
IX-8 Pension plan contributionsPrograms $308,990 · Management $56,385$365,375
IX-9 Other employee benefitsPrograms $1,279,636 · Management $465,095$1,744,731
IX-10 Payroll taxesPrograms $835,252 · Management $180,782$1,016,034
IX-11b Legal feesManagement $595,201$595,201
IX-11c Accounting feesManagement $82,933$82,933
IX-11f Investment management feesManagement $112,351$112,351
IX-11g Other fees for servicesPrograms $1,347,351 · Management $4,264,869$5,612,220
IX-12 Advertising and promotionPrograms $26,781 · Management $755,954$782,735
IX-13 Office expensesPrograms $2,568,360 · Management $168,083$2,736,443
IX-14 Information technologyPrograms $24,963 · Management $1,175,828$1,200,791
IX-16 OccupancyPrograms $1,387,255 · Management $502,084$1,889,339
IX-17 TravelPrograms $52,634 · Management $37,492$90,126
IX-19 Conferences, conventions and meetingsPrograms $5,615 · Management $8,360$13,975
IX-20 InterestPrograms $4,411,631 · Management $615,867$5,027,498
IX-22 Depreciation, depletion and amortizationPrograms $7,379,879 · Management $1,023,324$8,403,203
IX-23 InsurancePrograms $698,241 · Management $97,184$795,425
IX-24 Other expenses (24a–d)Programs $4,010,691 · Management $380,466$4,391,157
IX-24e All other expensesPrograms $288,165 · Management $70,084$358,249
IX-25 Total functional expensesPrograms $35,256,309 · Management $12,985,312 · Fundraising $0$48,241,621
Part X · Balance sheet $194,402,057 assets, 20 lines filed
X-1 Cash, non-interest-bearingStart of year $3,868,046$8,254,889
X-2 Savings and temporary cash investmentsStart of year $9,770,443$8,316,087
X-3 Pledges and grants receivableStart of year $57,000$65,000
X-4 Accounts receivableStart of year $4,035,980$3,900,462
X-8 Inventories for sale or useStart of year $22,928$23,684
X-9 Prepaid expenses and deferred chargesStart of year $839,058$868,908
X-10c Land, buildings and equipment, netStart of year $117,483,430$114,156,531
X-11 Publicly traded securitiesStart of year $49,831,693$53,018,019
X-12 Other securitiesStart of year $177,413$177,413
X-15 Other assetsStart of year $5,735,364$5,621,064
X-16 Total assetsStart of year $191,821,355$194,402,057
X-17 Accounts payable and accrued expensesStart of year $9,140,217$9,566,365
X-19 Deferred revenueStart of year $22,775,682$24,070,674
X-20 Tax-exempt bond liabilitiesStart of year $105,867,357$103,076,817
X-25 Other liabilitiesStart of year $134,754,650$132,852,102
X-26 Total liabilitiesStart of year $272,538,210$269,565,958
X-27 Net assets without donor restrictionsStart of year −$83,883,149−$79,034,567
X-28 Net assets with donor restrictionsStart of year $3,166,294$3,870,666
X-32 Total net assets or fund balancesStart of year −$80,716,855−$75,163,901
X-33 Total liabilities and net assetsStart of year $191,821,355$194,402,057
Part XI · Reconciliation of net assets −$75,163,901 net assets at year end
XI-1 Total revenue$52,048,886
XI-2 Total expenses$48,241,621
XI-3 Revenue less expenses$3,807,265
XI-4 Net assets at start of year−$80,716,855
XI-5 Net unrealized gains (losses) on investments$1,745,689
XI-9 Other changes in net assets$0
XI-10 Net assets at end of year−$75,163,901

Form 990 e-file (XML) FY2025 from the IRS · Classification, formation year and address from the IRS Business Master File

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