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Nonprofit · EIN 82-5217687

MONTAGE LIVING

Tax-exempt · CHARLOTTE, NC 28203

Financials

$32.3M$45.2M2023
Revenue Expenses · by fiscal year end
Financials of MONTAGE LIVING by year, from its e-filed returns
Year endedFormRevenueExpensesNet incomeTotal assetsLiabilitiesNet assets
December 31, 2023990$32,294,170$45,173,732-$12,879,562$119,419,910$172,407,828-$52,987,918
Financial details: 990 for the year ended December 31, 2023

Revenue

Contributions, gifts and grants
$0
Program service revenue
$31,990,219
Investment income
$303,951
Net gain from sales of assets
$295,246
Other revenue
$0

Expenses

Grants and similar amounts paid
$0
Other salaries and wages
$12,765,045
Salaries, compensation and benefits (total)
$14,710,690
Professional fundraising fees
$0
Occupancy
$6,384,466
Travel
$14,000
Depreciation
$4,880,113
Program services (functional)
$40,974,180
Management and general (functional)
$4,199,552

Balance sheet and other

Total assets, start of year
$124,371,266
Total assets, end of year
$119,419,910
Total liabilities, end of year
$172,407,828
Net assets, end of year
-$52,987,918
Land, buildings and equipment
$109,615,750
Gross receipts
$32,638,300
Employees
892
Volunteers
5
Year formed
2018
State of legal domicile
SC

From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.

Officers, directors and key employees

As listed on the 990 for the year ended December 31, 2023, highest compensation first.

NameTitleHours / weekCompensation
R Andrew CoxBoard Member
Trustee or director
1$0
David LittleBoard Member
Trustee or director
5$0
Ryan LambertPresident
Officer
25$0
Andrew GiraldoTreasurer
Officer
2$0
Nathanael AndricoSecretary
Officer
1$0

Address and contacts

Address (IRS master file)
2410 DUNAVANT ST, CHARLOTTE, NC 28203-5032
Principal officer (990 for 2023)
Ryan Lambert, 227 Southside Drive Suite B, Charlotte, NC 28217
Signed the 990
Ryan Lambert, President
Phone
(704) 519-8828
Return prepared by
EDWARDS FALLS RENEGAR PLLC

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.

990 for the year ended December 31, 2023

Program accomplishments

  • 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.

What it must file and when

IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.

Tax yearYear endedDueIRS public records
2025December 31, 2025May 15, 2026Not on file
2024December 31, 2024May 15, 2025Not on file
2023December 31, 2023May 15, 2024990 on file

IRS record

EIN
82-5217687
Tax-exempt status
501(c)(3): Charitable, religious, educational or scientific organization
Foundation status
Publicly supported organization (509(a)(2))
Donations deductible (Pub 78)
Public charity, 50% deduction limit
Exempt since
2018
Accounting year ends
December
Files
Form 990 or 990-EZ
Assets (IRS master file)
$119,419,910
Income (IRS master file)
$32,638,300

Filing history

FormYear endedRevenueExpensesAssetsReturn
990December 2023$32,294,170$45,173,732$119,419,910XML
990December 2022$25,741,821$41,512,429$124,371,266IRS
990December 2021–––IRS
990December 2020–––IRS
990December 2018–––IRS

990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 82-5217687).

Questions about MONTAGE LIVING

What is the EIN of MONTAGE LIVING?
The employer identification number (EIN) of MONTAGE LIVING is 82-5217687.
Is MONTAGE LIVING tax-exempt?
Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 2018.
Are donations to MONTAGE LIVING tax-deductible?
Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
Which annual return does MONTAGE LIVING file?
Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
When is the next return of MONTAGE LIVING due?
The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
When did MONTAGE LIVING last file with the IRS?
The latest return in the IRS public files is the 990 for the year ended December 2023.
Who is the principal officer of MONTAGE LIVING?
The 990 for the year ended December 31, 2023 names Ryan Lambert.
Who are the officers and directors of MONTAGE LIVING?
The 990 for the year ended December 31, 2023 lists 5 people; 0 received compensation from the organization.
How much revenue does MONTAGE LIVING have?
On its 990 for the year ended December 31, 2023 it reported revenue of $32,294,170, expenses of $45,173,732 and total assets of $119,419,910 at year end.

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