Montage Living
2410 Dunavant St, Charlotte, NC · IRS data through FY2023
Revenue, expenses and net assets
Revenue Expenses Net assets
| Tax year | Revenue | Expenses | Net assets |
|---|---|---|---|
| FY2023 | $32,294,170 | $45,173,732 | -$52,987,918 |
| FY2022 | $25,741,821 | $41,512,429 | -$40,108,356 |
| FY2021 | $23,940,845 | $33,077,974 | -$24,337,748 |
| FY2020 | $25,335,889 | $30,917,167 | -$15,200,619 |
| FY2019 | $15,149,587 | $22,619,999 | -$9,619,341 |
| FY2018 | $2,590,697 | $4,739,626 | -$2,148,929 |
Form 990 filings
The returns filed by Montage Living (EIN 82-5217687), including Form 990 PDFs and e-file data by year, are available in ProPublica's Nonprofit Explorer. The figures on this page come from IRS data files built from those returns.
Where the revenue came from
| Source | Amount | % of revenue |
|---|---|---|
| Contributions & grants | $0 | 0% |
| Program service revenue | $31,990,219 | 99% |
| Investment income | $8,705 | <1% |
| Other revenue | $295,246 | 1% |
Where the money was spent
| Category | Amount | % of expenses |
|---|---|---|
| Program services | $40,974,180 | 91% |
| Management & general | $4,199,552 | 9% |
| Fundraising | $0 | 0% |
What the numbers show
- Program service revenue made up 99% of total revenue in FY2023.
- Program services accounted for 91% of functional expenses, management & general 9%, and fundraising 0%.
- 91% of functional expenses went to program services in FY2023. That is higher than 66% of 929 Housing & Shelter organizations nationwide (too few in NC for a state comparison).
- Net assets covered about -14.1 months of expenses at the end of the reporting year. That puts it in the 26th percentile among 433 Housing & Shelter organizations in NC.
- Total revenue was higher than 98.6% of 440 Housing & Shelter organizations in NC.
- Total revenue rose from $2,590,697 in FY2018 to $32,294,170 in FY2023. Revenue increased in 4 and decreased in 1 of 5 year-over-year comparisons.
- Expenses exceeded revenue in 6 of 6 reported years (FY2018, FY2019, FY2020, FY2021, FY2022, FY2023).
- Net assets declined from -$2,148,929 to -$52,987,918 between FY2018 and FY2023.
- Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity).
Figures compared against other organizations of the same NTEE program area in the same state. See the methodology page for how these are calculated and the guide to reading nonprofit financials for their limits.
About this organization
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
IRS status
| Ruling year | 2018 |
| Subsection | 501(c)(3) |
| Classification | Public charity |
| Program area (NTEE) | L20 — Housing & Shelter |
| Donations | Listed in the IRS Publication 78 data as eligible to receive tax-deductible contributions (public charity). |
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Source: Internal Revenue Service — Exempt Organizations Business Master File (downloaded November 4, 2026), Statistics of Income extracts, Form 990 e-file data, Publication 78 and the Automatic Revocation list. Figures are as reported by the organization; IRS processing may adjust them. This is not a charity rating and not tax advice. Confirm deductibility in IRS Tax Exempt Organization Search.
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