Montgomery Place Chicago
Montgomery Place Chicago is a not-for-profit Continuing Care Retirement Community in Hyde Park, Chicago, offering a full continuum of care (independent living, assisted living, memory care, skilled nursing, and short-term rehab) to adults 62+ in the greater Chicago area, with entry fees ranging from $280,500 to $459,000 and monthly service fees of $4,530 to $6,480.
- Company typePrivate
- Founded1991
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2C
- OfferingServices
What Montgomery Place Chicago does
Montgomery Place Chicago is a Continuing Care Retirement Community (CCRC) and Illinois-registered 501(c)(3) not-for-profit organization operating from a single lakefront campus at 5550 South Shore Drive in Chicago's Hyde Park neighborhood. The community traces its institutional roots to The Church Home, founded in 1888 by Rev. Walter Delafield, and opened as Montgomery Place in 1991. It offers a full continuum of senior living services across four care levels: Independent Living, Assisted Living, Memory Care, Skilled Nursing, and Short-Term Rehabilitation, serving adults aged 62 and older along with their families in the broader Hyde Park area and Greater Chicago metropolitan region.
The business model is a hybrid of one-time entrance fees and recurring monthly service fees. Under the Entrance Fee Plan, residents pay a one-time fee ranging from $280,500 for a 1BR unit to $459,000 for a 3BR unit (80% refundable options available), plus monthly service fees of $4,530 to $6,480 depending on unit size and care level. An alternative Community Fee Program requires a $50,000 non-refundable fee plus monthly rental starting at $5,200. Ancillary revenue streams include the Life Care at Home in-home care service (extending the care continuum to non-residents across greater Chicago), the Montgomery Club membership program ($325/month per person for non-resident access to amenities), and fee-for-service offerings such as salon services, private transportation, and skilled nursing. The organization employs 51–100 staff and is led by President and CEO Mark Mullahy, with a board of directors chaired by Morag Fullilove.
Distribution is primarily direct sales through an in-house Sales and Marketing team and Community Life Counselors, supplemented by content marketing via The Art of Aging podcast, the Montgomery Messenger newsletter, and active social media channels. Clinical and operational partnerships include UChicago Medicine (with a UC Health physician serving as Medical Director), Trinity Rehab Services for rehabilitation services, Leading Age Illinois, and Dawson Relocation. The Care Assurance Fund provides financial backstop for residents who outlive their resources, reinforcing the organization's charitable mission and resident retention commitment.
Montgomery Place Chicago firmographics
Firmographics- Name
- Montgomery Place Chicago
- Legal name
- Montgomery Place
- Website
- https://montgomeryplace.org
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Montgomery Place Chicago is a not-for-profit Continuing Care Retirement Community in Hyde Park, Chicago, offering a full continuum of care (independent living, assisted living, memory care, skilled nursing, and short-term rehab) to adults 62+ in the greater Chicago area, with entry fees ranging from $280,500 to $459,000 and monthly service fees of $4,530 to $6,480.
- Ownership category
- akta.pro rank
Montgomery Place Chicago industry classification
Industry- Product category
- Senior Living Services
- NAICS
- Continuing Care Retirement Communities (623311), Continuing Care Retirement Communities and Assisted Living Facilities for the Elderly (62331), Assisted Living Facilities for the Elderly (623312), Nursing Care Facilities (Skilled Nursing Facilities) (623110), Services for the Elderly and Persons with Disabilities (624120)
- SIC
- Services-Nursing & Personal Care Facilities (8050), Services-Skilled Nursing Care Facilities (8051), Services-Home Health Care Services (8082)
- akta.pro primary industry
- Single-Site CCRCs (HLADAEAE)
- akta.pro secondary industries
- Continuing Care Retirement Communities (CCRC) with Memory Care (HLADACAD), Life Plan / Entrance-Fee CCRCs (HLADAEAA), Rental / Fee-for-Service CCRCs (HLADAEAB)
Keywords
Where Montgomery Place Chicago is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices1 record
Markets served
Montgomery Place Chicago business model
Business model- GTM type
- B2C
- Offering type
- Services
- Cost components
- Personnel, Operations, Marketing or Sales, Others
Revenue model
- Entrance Fees: One-time entrance fees for residents moving into the community under the Entrance Fee Plan, with 80% refundable options available. Fees range from $280,500 for 1BR to $459,000 for 3BR units.
- Monthly Service Fees: Recurring monthly fees for all residents covering housing, utilities, dining, housekeeping, and access to amenities and activities. Range from $4,530 to $6,480 depending on unit size and care level.
- Life Care at Home Services: Customized in-home care services for clients in their own homes or at Montgomery Place. Services include personal care, skilled nursing, companionship, and care management. Pricing determined after personalized assessment.
- Montgomery Club Membership: Monthly membership program for non-residents offering access to wellness classes, dining, activities, and pool access. $325/month per person, $275/month for second person in same household.
- Ancillary Services: Additional fee-for-service offerings including salon and barber services, wellness and personal care services, laundry and dry cleaning, private transportation, custom interior design, and nursing care services.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| One time/ perpetual license | Monthly | Entrance Fee Plan - 80% Refundable - 1BR/1BA |
| One time/ perpetual license | Monthly | Entrance Fee Plan - 80% Refundable - 2BR/2BA |
| One time/ perpetual license | Monthly | Entrance Fee Plan - 80% Refundable - 3BR/3BA |
| Subscription | Monthly | Community Fee Program - Monthly Rental |
| Subscription | Monthly | Montgomery Club Membership |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels7 records
Montgomery Place Chicago product offering
Product offeringCore offering
Montgomery Place is a Continuing Care Retirement Community (CCRC) that sells senior housing and care on a single Hyde Park campus across five levels — Independent Living, Assisted Living, Memory Care, Skilled Nursing, and Short-Term Rehabilitation — bundled with dining, housekeeping, utilities, transportation, wellness programs, and 24/7 security. It also sells Life Care at Home, an in-home personal care and skilled nursing service for clients throughout the greater Chicago area, and the Montgomery Club, a $325/month membership giving non-residents access to amenities and activities.
Product overview
Montgomery Place is a premier Continuing Care Retirement Community (CCRC) in Chicago's Hyde Park neighborhood, offering a full spectrum of senior living options including Independent Living, Assisted Living, Memory Care, Skilled Nursing, and Short Term Rehab. The community provides related services through Life Care at Home (in-home care) and the Montgomery Club (membership program for non-residents). Supporting wellness and engagement, Montgomery Place offers The Art of Aging Podcast and Montgomery Messenger newsletter, along with financial support through the Care Assurance Fund. The community has served Hyde Park for over 30 years.
Differentiator
Problem solved
Functional benefit
Brands
- The Montgomery Club: A membership program offering non-residents exclusive access to Montgomery Place's lifestyle and community amenities, including wellness classes, pool access, chef-prepared meals, arts programs, and Friday Night Lectures for a monthly fee.
- The Art of Aging Podcast
- Shawn's Place
- Care Assurance Fund
Products and services
- Independent Living Maintenance-free senior residences for active older adults at the CCRC, offering spacious apartments with lake views, dining, housekeeping, utilities, transportation, wellness programs, and access to all community amenities in Hyde Park.
- Assisted Living Personalized support services helping seniors maintain independence while receiving assistance with daily activities, medication management, and access to on-site healthcare within the CCRC.
- Memory Care Specialized program for adults 62+ living with Alzheimer's disease or other forms of dementia, offering private suites, experienced nursing staff, secure environment, and tailored cognitive support.
- Skilled Nursing Round-the-clock compassionate nursing care with medication management, on-site therapies, and supportive daily services for long-term care residents within the CCRC.
- Short-Term Rehabilitation Personalized rehabilitation therapy services including wound care, wellness programs, transportation to medical appointments, and recovery support for post-surgery or post-hospitalization patients.
- Life Care at Home Customized in-home care services for older adults living at Montgomery Place or throughout the greater Chicago community, offering personal care, skilled nursing, companionship, care management, post-hospital care, and caregiver respite.
- Montgomery Club Membership Monthly membership program for non-residents offering access to wellness classes, chef-prepared meals, heated pool access, arts programs, Friday Night Lectures, and social activities for $325/month ($275/month for a second household member).
Companies that use Montgomery Place Chicago
Customer profileNamed customers7 records
Segments7 records
Ideal customer profiles6 records
Montgomery Place Chicago technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration1 record
Montgomery Place Chicago partnerships and signals
Strategic signalPartnerships
Eight partnerships are on record, tiered core and minor.
- Trinity Rehab ServicescoreRehabilitation services partner providing therapy and recovery support to Montgomery Place residents.
- Life Care at HomecoreAffiliated in-home care program extending Montgomery Place's care continuum to clients throughout the greater Chicago community, whether they live in their own homes or at Montgomery Place. Produced in partnership with the podcast.
- Dawson RelocationminorRelocation services partner assisting residents and families with moving needs.
- Leading Age IllinoiscoreMembership organization for senior living providers. Montgomery Place aligns with industry standards and best practices through this affiliation.
- The Church HomecoreFounding organization established in 1888 by Rev. Walter Delafield. The Church Home laid the foundation for Montgomery Place and continues as a related entity serving aging parishioners across Hyde Park.
- WipfliminorProfessional services firm providing accounting and consulting support to the organization.
- UChicago MedicinecoreWorld-class healthcare provider blocks away from Montgomery Place. Provides residents access to top-tier medical care. Dr. Stacie Levine from UC Health serves as Medical Director for Montgomery Place.
- Illinois AgingminorState-level organization supporting older adults, providing resources and advocacy for senior care services.
Scale indicators3 records
Recent moves6 records
Expansion highlights5 records
Montgomery Place Chicago competitors and assessment
Company assessmentBroad incumbents
- Five Star Senior Living: Five Star operates independent living, assisted living, and memory care communities across the U.S., including several in the Chicago metropolitan area. Comparable in service breadth to Montgomery Place.
- Atria Senior Living: Atria is a national senior living operator with communities offering independent living, assisted living, and memory care. Comparable in service mix and pricing tier to Montgomery Place's offerings.
- Sunrise Senior Living: Sunrise operates a national portfolio of assisted living and memory care communities, with a strong reputation in dementia care and a similar service philosophy to Montgomery Place's memory care program.
- Belmont Village Senior Living: Belmont Village operates upscale assisted living and memory care communities with a strong clinical focus and partnerships with academic medical centers, similar to Montgomery Place's UChicago Medicine affiliation.
- Brookdale Senior Living: Brookdale is the largest U.S. senior living operator with a broad portfolio spanning independent living, assisted living, memory care, and skilled nursing across hundreds of communities, including CCRCs. Overlaps directly with Montgomery Place's full continuum.
Direct peers
- Senior Lifestyle: Senior Lifestyle is a Chicago-based senior living operator with multiple communities in the metropolitan area offering independent living, assisted living, and memory care, directly competing for the same Hyde Park-adjacent senior demographic.
- Life Care Services: Life Care Services is one of the largest CCRC management companies in the U.S., managing entrance-fee life plan communities with full care continuums. Operates with a similar business model to Montgomery Place's entrance-fee structure.
- Trinity Health Senior Communities: Trinity Health Senior Communities operates a network of CCRCs across multiple states with full care continuums and mission-driven, faith-affiliated operations. Closely aligned with Montgomery Place's continuum-of-care and not-for-profit identity.
- Presbyterian Homes: Presbyterian Homes is a faith-based, not-for-profit senior living provider operating multiple CCRCs in the Midwest. Closely mirrors Montgomery Place's mission-driven, not-for-profit, entrance-fee community model.
- The Clare: The Clare is a Chicago-based CCRC located in the Streeterville neighborhood offering independent living, assisted living, memory care, and skilled nursing. It is the closest geographic and product peer to Montgomery Place within the Chicago market.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
Montgomery Place Chicago social profiles
Digital presenceMontgomery Place Chicago financial estimates
Financial estimateRevenue estimate
Valuation estimate
Montgomery Place Chicago leadership team
Management profileNumber of profiles
Profiles14 records
Montgomery Place Chicago subsidiaries and ownership
Company hierarchySubsidiaries1 record
Montgomery Place Chicago funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Montgomery Place Chicago M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Montgomery Place Chicago
What does Montgomery Place Chicago do?
Montgomery Place is a Continuing Care Retirement Community (CCRC) that sells senior housing and care on a single Hyde Park campus across five levels — Independent Living, Assisted Living, Memory Care, Skilled Nursing, and Short-Term Rehabilitation — bundled with dining, housekeeping, utilities, transportation, wellness programs, and 24/7 security. It also sells Life Care at Home, an in-home personal care and skilled nursing service for clients throughout the greater Chicago area, and the Montgomery Club, a $325/month membership giving non-residents access to amenities and activities.
Is Montgomery Place Chicago a public or private company?
Montgomery Place Chicago is a private company. It is classified as nonprofit foundation owned and is currently operating.
When was Montgomery Place Chicago founded?
Montgomery Place Chicago was founded in 1991. It employs 51 to 100 people.
Where is Montgomery Place Chicago based?
Montgomery Place Chicago is headquartered in Chicago, United States, in the North America region.
How does Montgomery Place Chicago make money?
Five revenue lines are on record. Entrance Fees are the primary driver. The others are monthly Service Fees, life Care at Home Services, montgomery Club Membership and ancillary Services.
Who are Montgomery Place Chicago's main competitors?
Broad incumbents on record are Five Star Senior Living, Atria Senior Living, Sunrise Senior Living, Belmont Village Senior Living and Brookdale Senior Living. Direct peers are Senior Lifestyle, Life Care Services, Trinity Health Senior Communities, Presbyterian Homes and The Clare.
Does Montgomery Place Chicago have an API?
No public API is recorded for Montgomery Place Chicago.
What industry is Montgomery Place Chicago in?
Montgomery Place Chicago's product category is Senior Living Services. Its primary akta.pro industry code is HLADAEAE, Single-Site CCRCs, with a secondary code of HLADACAD, Continuing Care Retirement Communities (CCRC) with Memory Care. Its NAICS code is 623311 and its SIC code is 8050.