Form 990 for tax year 2023

Revenue

Part VIII, the statement of revenue.

• 1d · Related organizations

  $530,216

• 1e · Government grants (contributions)

  $3,814,159

• 2a · Program service revenue: NET RESIDENT & CLIENT SERVICE REV

  total $63,045,363 · related or exempt $63,045,363

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

  total $3,594,713 · related or exempt $3,594,713

• 2c · Program service revenue: OTHER OPERATING REVENUE

  total $771,196 · related or exempt $771,196

• 3 · Investment income

  total $981,398 · excluded $981,398

• 6a · Gross rents

  real property $3,600

• 6b · Less rental expenses

  real property $1,044

• 6c · Rental income or loss

  real property $2,556

• 6d · Net rental income or loss

  total $2,556 · excluded $2,556

• 7a · Gross sales of assets other than inventory

  securities $5,219,452

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

  securities $5,905,863 · other assets $505,795

• 7c · Gain or loss

  securities -$686,411 · other assets -$505,795

• 7d · Net gain or loss

  total -$1,192,206 · excluded -$1,192,206

Functional expenses

Part IX, the statement of functional expenses.

• 2 · Grants to domestic individuals

  total $733,819 · program services $733,819

• 7 · Other salaries and wages

  total $23,824,176 · program services $18,921,984 · management and general $4,544,829 · fundraising $357,363

• 8 · Pension plan contributions

  total $583,359 · program services $449,611 · management and general $133,748

• 9 · Other employee benefits

  total $3,437,672 · program services $2,390,851 · management and general $995,256 · fundraising $51,565

• 10 · Payroll taxes

  total $2,033,674 · program services $1,643,852 · management and general $359,317 · fundraising $30,505

• 11a · Fees: management

  total $5,107,085 · management and general $5,107,085

• 11b · Fees: legal

  total $248,960 · management and general $248,960

• 11c · Fees: accounting

  total $40,606 · management and general $40,606

• 11g · Fees: other

  total $4,127,659 · program services $4,120,874 · management and general $6,785

• 12 · Advertising and promotion

  total $123,797 · program services $2,349 · management and general $121,448

• 13 · Office expenses

  total $5,353,765 · program services $3,483,468 · management and general $1,870,297

• 14 · Information technology

  total $1,587,743 · program services $19,371 · management and general $1,568,372

• 16 · Occupancy

  total $1,726,174 · program services $1,726,174

• 17 · Travel

  total $215,591 · program services $130,315 · management and general $85,276

• 20 · Interest

  total $1,300,163 · program services $1,300,163

• 22 · Depreciation, depletion and amortization

  total $5,574,010 · program services $5,574,010

• 23 · Insurance

  total $677,083 · management and general $677,083

• 24a · Other expenses: MEDICAL & PHARMACY SUPP

  total $16,593,307 · program services $16,578,333 · management and general $14,974

• 24b · Other expenses: REPAIRS & MAINTENANCE

  total $2,156,193 · program services $2,086,854 · management and general $69,339

• 24c · Other expenses: FOOD

  total $1,422,933 · program services $1,422,933

• 24d · Other expenses: OTHER EXPENSES

  total $1,323,593 · program services $946,506 · management and general $377,087

• 24e · All other expenses

  total $503,466 · program services $32,275 · management and general $471,191

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $4,950,384 · end of year $7,224,957

• 2 · Savings and temporary cash investments

  beginning of year $2,214,813 · end of year $2,454,417

• 4 · Accounts receivable

  beginning of year $2,980,540 · end of year $3,152,614

• 7 · Other notes and loans receivable

  end of year $102,400

• 8 · Inventories for sale or use

  beginning of year $1,067,685 · end of year $1,122,763

• 9 · Prepaid expenses and deferred charges

  beginning of year $981,189 · end of year $541,062

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

  $123,483,802

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

  $70,069,626

• 10c · Land, buildings and equipment, net

  beginning of year $55,157,784 · end of year $53,414,176

• 11 · Investments: publicly traded securities

  beginning of year $16,165,527 · end of year $18,351,564

• 14 · Intangible assets

  end of year $1,160,099

• 15 · Other assets

  beginning of year $11,356,605 · end of year $18,139,496

• 17 · Accounts payable and accrued expenses

  beginning of year $1,173,534 · end of year $1,528,253

• 19 · Deferred revenue

  beginning of year $21,036,990 · end of year $23,437,947

• 20 · Tax-exempt bond liabilities

  beginning of year $19,565,092 · end of year $18,143,129

• 25 · Other liabilities

  beginning of year $30,430,792 · end of year $42,316,977

• 27 · Net assets without donor restrictions

  beginning of year $12,681,385 · end of year $9,334,402

• 28 · Net assets with donor restrictions

  beginning of year $9,986,734 · end of year $10,902,840

The filer's explanations (Part III)

PART I, LINE 3

THE COMPENSATION COMMITTEE ANNUALLY REVIEWS THE COMPENSATION OF ALL DISQUALIFIED PERSONS. TO SUPPORT ITS REVIEW, THE COMPENSATION COMMITTEE ENGAGES AN INDEPENDENT COMPENSATION CONSULTANT AND UTILIZES INDUSTRY COMPARABLE COMPENSATION SURVEY DATA.

PART I, LINE 4B

THE TREASURER AND SECRETARY PARTICIPATE IN A 457(F) PLAN AND RECEIVED DISTRIBUTIONS OF $50,895 AND $47,871, RESPECTIVELY, IN 2023. THERE WERE NO OTHER PLAN DISTRIBUTIONS.

FORM 990, SECTION 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 ALBRIGHT CARE SERVICES FOR THOSE ASSOCIATES DIRECTLY ALLOCATED TO ALBRIGHT CARE SERVICES PURSUANT TO AN EMPLOYEE LEASE AGREEMENT.

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 THE ASBURY GROUP INC

• ALBRIGHT COMMUNITY SRVCS LTD

  C · SHELL CORPORATION · PA · 100% owned · controlled entity

  Directly controlled by ALBRIGHT CARE SERVICES

• 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