Form 990 for tax year 2022

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $13,469

• 1e · Government grants (contributions)

  $3,397,596

• 2a · Program service revenue: NET RESIDENT REVENUE

  total $17,055,464 · related or exempt $17,055,464

• 2b · Program service revenue: MEDICARE/MEDICAID PAYMENTS

  total $8,666,512 · related or exempt $8,666,512

• 2c · Program service revenue: AMORTIZATION OF ENTRANCE FEES

  total $1,160,247 · related or exempt $1,160,247

• 2d · Program service revenue: OTHER OPERATING REVENUE

  total $203,858 · related or exempt $203,858

• 3 · Investment income

  total $314,499 · excluded $314,499

• 6a · Gross rents

  real property $10,377

• 6b · Less rental expenses

  real property $1,245

• 6c · Rental income or loss

  real property $9,132

• 6d · Net rental income or loss

  total $9,132 · excluded $9,132

• 7a · Gross sales of assets other than inventory

  securities $12,867,346

• 7b · Less cost or other basis and sales expenses

  securities $13,588,757

• 7c · Gain or loss

  securities -$721,411

• 7d · Net gain or loss

  total -$721,411 · excluded -$721,411

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $76,293 · program services $76,293

• 7 · Other salaries and wages

  total $13,331,850 · program services $11,338,104 · management and general $1,993,746

• 8 · Pension plan contributions

  total $364,617 · program services $313,976 · management and general $50,641

• 9 · Other employee benefits

  total $1,489,219 · program services $1,093,513 · management and general $395,706

• 10 · Payroll taxes

  total $970,946 · program services $832,728 · management and general $138,218

• 11a · Fees: management

  total $3,682,450 · management and general $3,682,450

• 11b · Fees: legal

  total $1,112,565 · management and general $1,112,565

• 11c · Fees: accounting

  total $34,788 · management and general $34,788

• 11g · Fees: other

  total $7,309,312 · program services $7,309,312

• 12 · Advertising and promotion

  total $174,003 · management and general $174,003

• 13 · Office expenses

  total $1,322,574 · program services $918,785 · management and general $403,789

• 14 · Information technology

  total $1,051,892 · program services $19,305 · management and general $1,032,587

• 16 · Occupancy

  total $1,113,637 · program services $1,113,637

• 17 · Travel

  total $101,583 · program services $55,825 · management and general $45,758

• 20 · Interest

  total $1,648,860 · program services $1,648,860

• 22 · Depreciation, depletion and amortization

  total $4,163,159 · program services $4,152,662 · management and general $10,497

• 23 · Insurance

  total $846,152 · management and general $846,152

• 24a · Other expenses: TAXES-OTHER

  total $1,662,227 · program services $59,094 · management and general $1,603,133

• 24b · Other expenses: FOOD

  total $1,615,524 · program services $1,614,606 · management and general $918

• 24c · Other expenses: REPAIRS & MAINTENANCE

  total $1,502,686 · program services $1,440,780 · management and general $61,906

• 24d · Other expenses: MEDICAL SUPPLIES AND PH

  total $960,231 · program services $960,231

• 24e · All other expenses

  total $1,198,201 · program services $234,307 · management and general $963,894

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,869,159 · end of year $344,078

• 2 · Savings and temporary cash investments

  beginning of year $2,753,530 · end of year $5,440,257

• 4 · Accounts receivable

  beginning of year $1,734,116 · end of year $1,121,235

• 7 · Other notes and loans receivable

  end of year $229,010

• 8 · Inventories for sale or use

  beginning of year $87,819 · end of year $77,171

• 9 · Prepaid expenses and deferred charges

  beginning of year $267,070 · end of year $342,604

• 10a · Land, buildings and equipment: cost or other basis

  $99,813,304

• 10b · Land, buildings and equipment: accumulated depreciation

  $47,816,812

• 10c · Land, buildings and equipment, net

  beginning of year $55,082,151 · end of year $51,996,492

• 12 · Investments: other securities

  beginning of year $12,752,864 · end of year $417

• 14 · Intangible assets

  beginning of year $5,480,000 · end of year $5,480,000

• 15 · Other assets

  beginning of year $677,756 · end of year $1,629,539

• 17 · Accounts payable and accrued expenses

  beginning of year $1,918,366 · end of year $3,135,242

• 19 · Deferred revenue

  beginning of year $32,494,939 · end of year $28,289,962

• 20 · Tax-exempt bond liabilities

  beginning of year $39,678,734 · end of year $38,805,355

• 25 · Other liabilities

  beginning of year $2,260,452 · end of year $9,214,750

• 27 · Net assets without donor restrictions

  beginning of year $4,071,800 · end of year -$13,074,993

• 28 · Net assets with donor restrictions

  beginning of year $280,174 · end of year $290,487

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION OF THE ORGANIZATION'S CEO AND ALL PERSONS DEEMED POTENTIALLY DISQUALIFIED IS REVIEWED AND RECOMMENDED TO THE BOARD OF ASBURY COMMUNITIES, INC. BY THE COMPENSATION COMMITTEE OF THE BOARD.

PART I, LINE 4B

THE SECRETARY, TREASURER, AND DIRECTOR/ASBURY COMMUNITIES PRESIDENT (DOUG LEIDIG) PARTICIPATE IN A 457(F) PLAN. THE TREASURER AND DIRECTOR/ASBURY COMMUNITIES PRESIDENT RECEIVED DISTRIBUTIONS OF $84,438 AND $148,724, RESPECTIVELY, IN 2022. THERE WERE NO OTHER PLAN DISTRIBUTION

FORM 990, PART VII, SECTION A

THE ORGANIZATION DOES NOT ADMINISTER ANY W-2S. ALL W-2S ARE FILED UNDER THE EIN OF AFFILIATED ASSOCIATES, INC., A RELATED PARTY 501(C)(3) ORGANIZATION CREATED TO SUPPORT THE TAX EXEMPT FUNCTIONS OF ASBURY COMMUNITIES AND AFFILIATES BY ADMINISTERING PAYROLL FUNDS. THE COMPENSATION REPORTED ON FORM 990, PART VII AND PART IX REFLECTS THE COMPENSATION PAID BY ASBURY, INC. FOR THOSE ASSOCIATES DIRECTLY ALLOCATED TO ASBURY, INC. PURSUANT TO AN EMPLOYEE LEASE AGREEMENT. THE OFFICERS THAT HAVE COMPENSATION FROM RELATED ORGANIZATIONS REPORTED IN PART VII, SECTION A, COLUMN E OF THE FORM 990 PROVIDE EXECUTIVE MANAGEMENT SUPPORT AND OVERALL GUIDANCE TO ASBURY, INC. AS WELL AS THE OTHER RELATED AND SUPPORTED ORGANIZATIONS OF ASBURY COMMUNITIES, INC. THERE ARE OVER 2,300 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2022 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES IN EXCESS OF $249 MILLION AND TOTAL ASSETS IN EXCESS OF $673 MILLION.

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

• THE ASBURY GROUP INC

  C · TECH & SUPPORT SERVICES · DE

  Directly controlled by ASBURY COMMUNITIES INC

• THRIVEWELL TECH LLC

  C · INFO & CNSLT SERVICES · DE

  Directly controlled by ASBURY COMMUNITIES INC

• 5285 WESTVIEW DRIVE ONE LLC

  C · INFO. TECH. RESELLER AND IMPLEMENTATION PARTNER · MD

  Directly controlled by THE ASBURY GROUP INC

• 1569 TEELS ROAD LLC

  C · OPERATE A PERSONAL CARE HOME AND SENIOR LIVING COMMUNITY · PA

  Directly controlled by THE ASBURY GROUP INC