Totals
- Total revenue
- $32,294,170
- Total expenses
- $45,173,732
- Contributions and grants received
- $0
- Grants paid
- $0
- Program service revenue
- $31,990,219
- Investment income
- $303,951
- Other revenue
- $0
- Total assets, end of year
- $119,419,910
- Total liabilities, end of year
- $172,407,828
- Net assets or fund balances, end of year
- -$52,987,918
- Program services expenses (Part IX)
- $40,974,180
- Management and general expenses
- $4,199,552
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $40,974,180
Program services were 90.7% 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.
-
2a · Program service revenue: Assisted Living
total $18,285,869 · related or exempt $18,285,869
-
2b · Program service revenue: Independent Living
total $11,871,205 · related or exempt $11,871,205
-
2c · Program service revenue: Memory Care
total $1,830,593 · related or exempt $1,830,593
-
2d · Program service revenue: Respite Care
total $2,552 · related or exempt $2,552
-
3 · Investment income
total $8,705 · excluded $8,705
-
7a · Gross sales of assets other than inventory
other assets $639,376
-
7b · Less cost or other basis and sales expenses
other assets $344,130
-
7c · Gain or loss
other assets $295,246
-
7d · Net gain or loss
total $295,246 · related or exempt $295,246
Functional expenses
Part IX, the statement of functional expenses.
-
7 · Other salaries and wages
total $12,765,045 · program services $12,133,528 · management and general $631,517
-
9 · Other employee benefits
total $882,724 · program services $839,054 · management and general $43,670
-
10 · Payroll taxes
total $1,062,921 · program services $1,048,975 · management and general $13,946
-
11a · Fees: management
total $1,014,076 · management and general $1,014,076
-
11g · Fees: other
total $489,045 · program services $468,120 · management and general $20,925
-
12 · Advertising and promotion
total $273,176 · program services $151,694 · management and general $121,482
-
13 · Office expenses
total $152,384 · program services $119,802 · management and general $32,582
-
16 · Occupancy
total $6,384,466 · program services $5,787,621 · management and general $596,845
-
17 · Travel
total $14,000 · program services $12,600 · management and general $1,400
-
19 · Conferences, conventions and meetings
total $13,106 · program services $12,458 · management and general $648
-
20 · Interest
total $11,983,820 · program services $10,785,438 · management and general $1,198,382
-
22 · Depreciation, depletion and amortization
total $4,880,113 · program services $4,392,102 · management and general $488,011
-
24a · Other expenses: Food service costs & su
total $2,074,664 · program services $2,074,664 · management and general $0
-
24b · Other expenses: Resident care costs & s
total $2,017,931 · program services $2,017,931 · management and general $0
-
24c · Other expenses: Housekeeping costs & su
total $295,450 · program services $295,450 · management and general $0
-
24d · Other expenses: Bad Debt
total $291,925 · program services $291,925 · management and general $0
-
24e · All other expenses
total $578,886 · program services $542,818 · management and general $36,068
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $1,056,614 · end of year $1,175,561
-
4 · Accounts receivable
beginning of year $1,015,304 · end of year $796,972
-
8 · Inventories for sale or use
beginning of year $28,976 · end of year $17,099
-
9 · Prepaid expenses and deferred charges
beginning of year $272,282 · end of year $264,141
-
10a · Land, buildings and equipment: cost or other basis
$121,205,713
-
10b · Land, buildings and equipment: accumulated depreciation
$11,589,963
-
10c · Land, buildings and equipment, net
beginning of year $112,988,749 · end of year $109,615,750
-
14 · Intangible assets
beginning of year $8,863,209 · end of year $7,337,451
-
15 · Other assets
beginning of year $146,132 · end of year $212,936
-
17 · Accounts payable and accrued expenses
beginning of year $11,119,204 · end of year $18,560,262
-
19 · Deferred revenue
beginning of year $195,415 · end of year $118,267
-
23 · Secured mortgages and notes payable
beginning of year $145,205,425 · end of year $147,047,817
-
24 · Unsecured notes and loans payable
beginning of year $7,938,493 · end of year $5,813,248
-
25 · Other liabilities
beginning of year $21,085 · end of year $868,234
-
29 · Capital stock, trust principal or current funds
beginning of year $0 · end of year $0
-
30 · Paid-in or capital surplus, or land, building or equipment fund
beginning of year $0 · end of year $0
-
31 · Retained earnings, endowment or other funds
beginning of year -$40,108,356 · end of year -$52,987,918
Mission and programs · 2023
Mission
The goal of the organization is to enrich the lives of its residents by providing an environment that is physically, mentally, spiritually and emotionally stimulating. It offers vibrant programs to make each resident feel at home and to live healthy and happy lives.
Activities or mission (Part I)
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.
-
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.
Expenses $23,421,175 · Revenue $18,581,115
-
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.
Expenses $2,344,687 · Revenue $1,830,593
-
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.
Expenses $15,205,050 · Revenue $11,871,205
-
The respite care program provides short-term care designed to provide relief to the caregiver. Six of the Montage Senior Living locations provide this service with the costs based on availability. Participants in the respite care program receive assistance with all activities of daily living, planned activities and nutritious dietician approved meals, as well as rehabilitation services as needed.
Expenses $3,268 · Revenue $2,552
-
Other Income, including application and laundry fees.
As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.
Listed in Part VII
-
R Andrew Cox
Board Member
- Total calculated
- $0
- Hours/week
- 1
-
David Little
Board Member
- Total calculated
- $0
- Hours/week
- 5
-
Ryan Lambert
President
- Total calculated
- $0
- Hours/week
- 25
-
Andrew Giraldo
Treasurer
- Total calculated
- $0
- Hours/week
- 2
-
Nathanael Andrico
Secretary
- Total calculated
- $0
- Hours/week
- 1
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.
Grants on this return
No itemized grants to organizations 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.
-
ML Austin Village LLC
To provide housing addressing the physical,and social needs of the elderly. · NC
Directly controlled by Montage Living
-
ML Brookside Glen Holding LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Greenville Glen Holding LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML The Renaissance Holding LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Woodbridge Clinton Holding LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Woodland Place Holding LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Bermuda Village Holding LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Brookside Glen LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Greenville Glen LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML The Renaissance LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Woodbridge Clinton LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Woodland Place LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Bermuda Village LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Avondale LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Avondale Holding LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
-
ML Dahlonega LLC
To provide housing addressing the physical,and social needs of the elderly. · SC
Directly controlled by Montage Living
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 15 November 2024
- IRS schema version
- 2023v5.1
- Source object
- 202443209349320444
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