Montereau

What it reported doing in 2024

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. 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 430 individuals in independent living.assisted living - montereau provides assisted living accommodations and supportive services to individuals that enter the community through independent living, as well as to individuals 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, transportation 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 accommodations 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 accommodations, nursing care and supportive services to individuals that require 24-hour nursing care and enter the community through independent living, as well as to individuals that are admitted directly to skilled nursing. The skilled nursing 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 independenc

Financial Efficiency

• Mission deployment rate: 65.9%; rating input score 66
• Program expense ratio: 73.1%; rating input score 73
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 93.3%; rating input score 93; 21st percentile among comparable filings
• Pay-setting controls: 5 of 6 controls in place; rating input score 83
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 94.6%; rating input score 95; 27th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 7.3%; rating input score 65; 65th percentile among comparable filings
• Total-asset coverage ratio: 4.03; rating input score 82; 82nd percentile among comparable filings
• Liabilities to assets ratio: 1.39; rating input score 3; 3rd percentile among comparable filings
• Officer compensation ratio: 3.7%; rating input score 29; 29th percentile among comparable filings

Growth

• Program expense growth: 0.5% per year; rating input score 100; 9th percentile among comparable filings
• Revenue growth: 5.5% per year; rating input score 100; 48th percentile among comparable filings
• Asset growth: 0.1% per year; rating input score 100; 7th percentile among comparable filings