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Nonprofiteer
← MONTEREAU INC

Form 990 for tax year 2022

Filed by MONTEREAU INC.

Totals

Total revenue
$44,691,715
Total expenses
$44,596,998
Contributions and grants received
$605,095
Grants paid
$68,561
Program service revenue
$40,862,929
Investment income
$2,253,934
Other revenue
$969,757
Total assets, end of year
$188,559,735
Total liabilities, end of year
$273,190,995
Net assets or fund balances, end of year
-$84,631,260
Program services expenses (Part IX)
$36,823,121
Management and general expenses
$7,773,877
Fundraising expenses
$0
Program service expenses (Part III)
$36,823,121

Program services were 82.6% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1f · All other contributions, gifts and grants

    $605,095

  • 2a · Program service revenue: RESIDENT FEES

    total $30,070,395 · related or exempt $30,070,395

  • 2b · Program service revenue: ENTRANCE FEES

    total $4,221,480 · related or exempt $4,221,480

  • 2c · Program service revenue: MEDICARE REVENUE

    total $3,353,684 · related or exempt $3,353,684

  • 2d · Program service revenue: HOME CARE

    total $3,217,370 · related or exempt $3,217,370

  • 3 · Investment income

    total $1,945,885 · excluded $1,945,885

  • 4 · Income from investment of tax-exempt bond proceeds

    total $234,530 · excluded $234,530

  • 6a · Gross rents

    real property $25,432

  • 6b · Less rental expenses

    real property $13,378

  • 6c · Rental income or loss

    real property $12,054

  • 6d · Net rental income or loss

    total $12,054 · excluded $12,054

  • 7a · Gross sales of assets other than inventory

    securities $7,139,806

  • 7b · Less cost or other basis and sales expenses

    securities $7,066,287

  • 7c · Gain or loss

    securities $73,519

  • 7d · Net gain or loss

    total $73,519 · excluded $73,519

  • 11a · Other revenue: BEAUTY AND BARBER

    total $354,799 · excluded $354,799

  • 11b · Other revenue: MEAL REVENUE

    total $326,539 · excluded $326,539

  • 11c · Other revenue: MISCELLANEOUS INCOME

    total $206,801 · excluded $206,801

  • 11d · All other revenue

    total $69,564 · excluded $69,564

  • 11e · Other revenue, total

    $957,703

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $68,561 · program services $68,561

  • 5 · Compensation of officers, directors and key employees

    total $487,971 · management and general $487,971

  • 7 · Other salaries and wages

    total $11,713,547 · program services $10,454,587 · management and general $1,258,960

  • 8 · Pension plan contributions

    total $346,014 · program services $303,627 · management and general $42,387

  • 9 · Other employee benefits

    total $1,399,162 · program services $1,181,765 · management and general $217,397

  • 10 · Payroll taxes

    total $946,013 · program services $820,838 · management and general $125,175

  • 11b · Fees: legal

    total $120,440 · management and general $120,440

  • 11c · Fees: accounting

    total $90,060 · management and general $90,060

  • 11f · Fees: investment management

    total $83,592 · management and general $83,592

  • 11g · Fees: other

    total $7,289,822 · program services $6,940,485 · management and general $349,337

  • 12 · Advertising and promotion

    total $1,035,385 · program services $14,022 · management and general $1,021,363

  • 13 · Office expenses

    total $1,331,103 · program services $1,026,013 · management and general $305,090

  • 14 · Information technology

    total $810,398 · program services $65,125 · management and general $745,273

  • 16 · Occupancy

    total $2,342,785 · program services $1,779,318 · management and general $563,467

  • 17 · Travel

    total $184,102 · program services $111,238 · management and general $72,864

  • 19 · Conferences, conventions and meetings

    total $104,353 · program services $72,573 · management and general $31,780

  • 20 · Interest

    total $5,231,504 · program services $4,594,423 · management and general $637,081

  • 22 · Depreciation, depletion and amortization

    total $7,105,254 · program services $6,239,992 · management and general $865,262

  • 23 · Insurance

    total $737,999 · program services $246,011 · management and general $491,988

  • 24a · Other expenses: UBIT TAXES

    total $2,650 · management and general $2,650

  • 24b · Other expenses: REPAIRS & MAINTENANCE

    total $1,752,480 · program services $1,584,646 · management and general $167,834

  • 24c · Other expenses: ANCILLARY EXPENSE

    total $715,011 · program services $695,809 · management and general $19,202

  • 24d · Other expenses: TAXES

    total $300,974 · program services $285,113 · management and general $15,861

  • 24e · All other expenses

    total $397,818 · program services $338,975 · management and general $58,843

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $8,514,384 · end of year $7,926,305

  • 2 · Savings and temporary cash investments

    beginning of year $7,853,587 · end of year $7,461,677

  • 3 · Pledges and grants receivable

    beginning of year $57,000 · end of year $57,000

  • 4 · Accounts receivable

    beginning of year $3,944,424 · end of year $4,516,522

  • 8 · Inventories for sale or use

    beginning of year $7,806 · end of year $23,115

  • 9 · Prepaid expenses and deferred charges

    beginning of year $264,482 · end of year $650,588

  • 10a · Land, buildings and equipment: cost or other basis

    $209,291,213

  • 10b · Land, buildings and equipment: accumulated depreciation

    $92,126,731

  • 10c · Land, buildings and equipment, net

    beginning of year $118,474,449 · end of year $117,164,482

  • 11 · Investments: publicly traded securities

    beginning of year $41,357,878 · end of year $44,702,084

  • 12 · Investments: other securities

    beginning of year $177,413 · end of year $177,413

  • 15 · Other assets

    beginning of year $0 · end of year $5,880,549

  • 17 · Accounts payable and accrued expenses

    beginning of year $7,529,256 · end of year $7,399,718

  • 19 · Deferred revenue

    beginning of year $20,881,917 · end of year $21,275,919

  • 20 · Tax-exempt bond liabilities

    beginning of year $109,203,050 · end of year $108,156,850

  • 23 · Secured mortgages and notes payable

    beginning of year $1,907,669 · end of year $386,563

  • 25 · Other liabilities

    beginning of year $126,499,166 · end of year $135,971,945

  • 27 · Net assets without donor restrictions

    beginning of year -$87,594,526 · end of year -$87,396,152

  • 28 · Net assets with donor restrictions

    beginning of year $2,224,891 · end of year $2,764,892

Mission and programs · 2022

Mission

TO VALUE, SUPPORT AND UPLIFT THE LIVES OF OLDER ADULTS AND THE PEOPLE WHO CARE FOR THEM.

Activities or mission (Part I)

CONTINUING CARE RETIREMENT COMMUNITY IN TULSA, OK.

  • 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 331 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.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 MEMORY SUPPORT UNITS.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. 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 95% OCCUPIED.

    Expenses $34,233,365 · Revenue $37,645,559

  • 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.

    Expenses $2,521,195 · Revenue $3,217,370

  • SOCIAL ACCOUNTABILITY - TOTAL CONTRIBUTIONS (CASH AND MEAL DONATIONS) TO VARIOUS ORGANIZATIONS $68,561. TOTAL IN KIND CONTRIBUTIONS TO THE TULSA FOOD BANK $500, AND THE ASSOCIATION OF WOMEN IN COMMUNICATION FOR $250. TOTAL RESIDENT VOLUNTEER HOURS 4,614 FOR A TOTAL OF $131,499. TOTAL VALUE OF FACILITY USED PROVIDED $650.

    Expenses $68,561 · Grants $68,561

As filed on the 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Dr Cliff Robertson

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Eileen Bradshaw

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Gordon Greer

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • John Pixley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Cathey Barkley

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • Steve Broussard

    DIRECTOR

    Total calculated
    $0
    Hours/week
    0.2

  • John-Kelly Warren

    CHAIR

    Total calculated
    $0
    Hours/week
    0.6

  • Thomas E Cooper

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    0.6

  • Scott Nield

    CEO

    Total calculated
    $249,775
    From this org
    $241,089
    From related orgs
    $0
    Other
    $8,686
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $223,269
    Bonus
    $17,820
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $8,686
    Filer's total
    $249,775

  • Saunya Moore

    CFO

    Total calculated
    $264,102
    From this org
    $247,085
    From related orgs
    $0
    Other
    $17,017
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $205,885
    Bonus
    $41,200
    Other
    $0
    Deferred
    $10,012
    Nontaxable benefits
    $7,005
    Filer's total
    $264,102

  • Jamie Michelle Townsend

    DIRECTOR OF MARKETING

    Total calculated
    $154,105
    From this org
    $147,599
    From related orgs
    $0
    Other
    $6,506
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $89,840
    Bonus
    $9,059
    Other
    $48,700
    Deferred
    $0
    Nontaxable benefits
    $6,506
    Filer's total
    $154,105

  • Tadd Weese

    DIRECTOR OF PLANT OPERATIONS

    Total calculated
    $148,004
    From this org
    $141,553
    From related orgs
    $0
    Other
    $6,451
    Hours/week
    40

  • Tammy Brown

    HEALTH CENTER ADMINISTRATOR

    Total calculated
    $143,235
    From this org
    $127,949
    From related orgs
    $0
    Other
    $15,286
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Disregarded entities

Part I: entities that legally are the filer and file no return of their own.

  • MONTEREAU RESTAURANT SERVICES LLC

    PURCHASE OF ALCOHOLIC BEVERAGES · OK · income $0 · assets $0

    Directly controlled by MONTEREAU INC

  • MONTEREAU HOME CARE LLC

    HOME CARE · OK · income $3,217,370 · assets $0

    Directly controlled by MONTEREAU INC

Provenance

Return type
form_990
Tax year
2022
Filed
13 May 2024
IRS schema version
2022v5.0
Source object
202411359349303596

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