Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: NET RESIDENT SERVICES

  total $9,199,755 · related or exempt $9,199,755

• 2b · Program service revenue: OTHER OPERATING REVENU

  total $214,744 · related or exempt $214,744

• 3 · Investment income

  total $65,553 · excluded $65,553

• 6a · Gross rents

  real property $16,981

• 6b · Less rental expenses

  real property $0

• 6c · Rental income or loss

  real property $16,981

• 6d · Net rental income or loss

  total $16,981 · excluded $16,981

Functional expenses

Part IX, the statement of functional expenses.

• 7 · Other salaries and wages

  total $3,942,680 · program services $3,329,138 · management and general $613,542

• 8 · Pension plan contributions

  total $5,098 · program services $4,323 · management and general $775

• 9 · Other employee benefits

  total $114,453 · program services $24,514 · management and general $89,939

• 10 · Payroll taxes

  total $325,546 · program services $284,046 · management and general $41,500

• 11a · Fees: management

  total $421,901 · management and general $421,901

• 11b · Fees: legal

  total $997 · management and general $997

• 11c · Fees: accounting

  total $5,582 · management and general $5,582

• 11g · Fees: other

  total $28,862 · program services $23,805 · management and general $5,057

• 12 · Advertising and promotion

  total $105,293 · management and general $105,293

• 13 · Office expenses

  total $266,292 · program services $179,241 · management and general $87,051

• 14 · Information technology

  total $77,650 · management and general $77,650

• 16 · Occupancy

  total $190,527 · program services $190,527

• 17 · Travel

  total $18,064 · program services $12,098 · management and general $5,966

• 20 · Interest

  total $2,289,503 · program services $2,287,676 · management and general $1,827

• 22 · Depreciation, depletion and amortization

  total $1,944,961 · program services $1,944,961

• 23 · Insurance

  total $111,335 · management and general $111,335

• 24a · Other expenses: CONSULTING FEES

  total $586,697 · program services $1,863 · management and general $584,834

• 24b · Other expenses: FOOD

  total $465,585 · program services $465,585

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $400,403 · program services $307,879 · management and general $92,524

• 24d · Other expenses: RECRUITING/TRAINING

  total $25,664 · program services $25,664

• 24e · All other expenses

  total $44,915 · program services $20,928 · management and general $23,987

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $3,000,000 · end of year $3,077,138

• 2 · Savings and temporary cash investments

  beginning of year $750,000 · end of year $1,072,997

• 4 · Accounts receivable

  end of year $104,612

• 9 · Prepaid expenses and deferred charges

  beginning of year $213,938 · end of year $222,918

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

  $25,275,191

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

  $1,208,676

• 10c · Land, buildings and equipment, net

  beginning of year $24,899,290 · end of year $24,066,515

• 14 · Intangible assets

  beginning of year $1,100,710 · end of year $366,903

• 15 · Other assets

  beginning of year $0 · end of year $60,499

• 17 · Accounts payable and accrued expenses

  end of year $10,071

• 19 · Deferred revenue

  end of year $17,930

• 23 · Secured mortgages and notes payable

  beginning of year $19,393,563 · end of year $19,899,367

• 25 · Other liabilities

  beginning of year $10,570,375 · end of year $10,919,189

• 27 · Net assets without donor restrictions

  beginning of year $0 · end of year -$1,874,975

• 28 · Net assets with donor restrictions

  beginning of year $0 · end of year $0

The filer's explanations (Part III)

PART I, LINE 3

THE ASBURY COMMUNITIES, INC. 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

NAME: ANDREW JEANNERET, DESCRIPTION: TREASURER, CURRENT YEAR AMOUNT: $63,217. PLAN DESCRIPTION: 457(F) PLAN NAME: DOUG LEIDIG, DESCRIPTION: PRESIDENT, CURRENT YEAR AMOUNT: $56,846. PLAN DESCRIPTION: 457(F) PLAN NAME: ANDREW JOSEPH, DESCRIPTION: GENERAL COUNSEL, CURRENT YEAR AMOUNT: $43,613. PLAN DESCRIPTION: 457(F) PLAN

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 PART VII AND PART IX REFLECTS THE COMPENSATION PAID BY ASBURY LIVING, INC. FOR THOSE ASSOCIATES DIRECTLY ALLOCATED ASBURY LIVING, 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 LIVING, INC. AS WELL AS THE OTHER RELATED AND SUPPORTED ORGANIZATIONS OF ASBURY COMMUNITIES, INC. THERE ARE OVER 2,100 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2024 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES IN EXCESS OF OF $299 MILLION AND TOTAL ASSETS IN EXCESS OF $647 MILLION.

Related corporations and trusts

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

• THE ASBURY GROUP INC

  C · TECH & SUPPORT SERVICES · DE

• THRIVEWELL TECH LLC

  C · INFO & CNSLT SERVICES · DE

• 5285 WESTVIEW DRIVE ONE LLC

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

• 1569 TEELS ROAD LLC

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