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Nonprofiteer
← ASBURY INC

Form 990 for tax year 2023

Filed by ASBURY INC.

Totals

Total revenue
$28,692,615
Total expenses
$44,286,520
Contributions and grants received
$325,017
Grants paid
$87,305
Program service revenue
$27,941,431
Investment income
$417,535
Other revenue
$8,632
Total assets, end of year
$17,670,573
Total liabilities, end of year
$56,043,241
Net assets or fund balances, end of year
-$38,372,668
Program services expenses (Part IX)
$32,817,080
Management and general expenses
$11,469,440
Fundraising expenses
$0
Program service expenses (Part III)
$32,817,080

Program services were 74.1% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 1e · Government grants (contributions)

    $325,017

  • 2a · Program service revenue: NET RESIDENT REVENUE

    total $17,320,641 · related or exempt $17,320,641

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

    total $8,767,739 · related or exempt $8,767,739

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

    total $1,435,313 · related or exempt $1,435,313

  • 2d · Program service revenue: OTHER OPERATING REVENUE

    total $417,738 · related or exempt $417,738

  • 3 · Investment income

    total $417,478 · excluded $417,478

  • 6a · Gross rents

    real property $9,814

  • 6b · Less rental expenses

    real property $1,182

  • 6c · Rental income or loss

    real property $8,632

  • 6d · Net rental income or loss

    total $8,632 · excluded $8,632

  • 7a · Gross sales of assets other than inventory

    securities $57

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

    securities $0

  • 7c · Gain or loss

    securities $57

  • 7d · Net gain or loss

    total $57 · excluded $57

Functional expenses

Part IX, the statement of functional expenses.

  • 2 · Grants to domestic individuals

    total $87,305 · program services $87,305

  • 7 · Other salaries and wages

    total $13,093,449 · program services $11,166,810 · management and general $1,926,639

  • 8 · Pension plan contributions

    total $302,181 · program services $249,568 · management and general $52,613

  • 9 · Other employee benefits

    total $2,056,573 · program services $1,628,920 · management and general $427,653

  • 10 · Payroll taxes

    total $949,998 · program services $814,502 · management and general $135,496

  • 11a · Fees: management

    total $3,238,990 · management and general $3,238,990

  • 11b · Fees: legal

    total $868,625 · management and general $868,625

  • 11c · Fees: accounting

    total $36,200 · management and general $36,200

  • 11g · Fees: other

    total $6,127,826 · program services $6,127,826

  • 12 · Advertising and promotion

    total $146,139 · management and general $146,139

  • 13 · Office expenses

    total $1,161,648 · program services $803,126 · management and general $358,522

  • 14 · Information technology

    total $924,042 · program services $19,139 · management and general $904,903

  • 16 · Occupancy

    total $1,086,092 · program services $1,086,092

  • 17 · Travel

    total $145,087 · program services $70,962 · management and general $74,125

  • 20 · Interest

    total $2,247,273 · program services $2,247,273

  • 22 · Depreciation, depletion and amortization

    total $4,060,705 · program services $4,046,582 · management and general $14,123

  • 23 · Insurance

    total $1,171,954 · management and general $1,171,954

  • 24a · Other expenses: REPAIRS & MAINTENANCE

    total $1,683,198 · program services $1,648,147 · management and general $35,051

  • 24b · Other expenses: FOOD

    total $1,557,698 · program services $1,557,698

  • 24c · Other expenses: TAXES-OTHER

    total $1,489,925 · program services $65,868 · management and general $1,424,057

  • 24d · Other expenses: MEDICAL SUPPLIES AND PH

    total $646,588 · program services $646,588

  • 24e · All other expenses

    total $1,205,024 · program services $550,674 · management and general $654,350

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $344,078 · end of year $6,446,472

  • 2 · Savings and temporary cash investments

    beginning of year $5,440,257 · end of year $1,739,844

  • 4 · Accounts receivable

    beginning of year $1,121,235 · end of year $1,075,620

  • 7 · Other notes and loans receivable

    beginning of year $229,010

  • 8 · Inventories for sale or use

    beginning of year $77,171 · end of year $82,193

  • 9 · Prepaid expenses and deferred charges

    beginning of year $342,604 · end of year $195,308

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

    $15,538,826

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

    $8,038,826

  • 10c · Land, buildings and equipment, net

    beginning of year $51,996,492 · end of year $7,500,000

  • 12 · Investments: other securities

    beginning of year $417 · end of year $391

  • 14 · Intangible assets

    beginning of year $5,480,000

  • 15 · Other assets

    beginning of year $1,629,539 · end of year $630,745

  • 17 · Accounts payable and accrued expenses

    beginning of year $3,135,242 · end of year $4,693,991

  • 19 · Deferred revenue

    beginning of year $28,289,962 · end of year $29,565,597

  • 20 · Tax-exempt bond liabilities

    beginning of year $38,805,355 · end of year $7,500,000

  • 25 · Other liabilities

    beginning of year $9,214,750 · end of year $14,283,653

  • 27 · Net assets without donor restrictions

    beginning of year -$13,074,993 · end of year -$38,609,784

  • 28 · Net assets with donor restrictions

    beginning of year $290,487 · end of year $237,116

Mission and programs · 2023

Mission

OUR MISSION IS EXPLORING POSSIBILITIES TO LIVE YOUR BEST LIFE BY DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY AND GRACE.

Activities or mission (Part I)

EXPLORING POSSIBILITIES TO LIVE YOUR BEST LIFE BY DOING ALL THE GOOD WE CAN WITH INTEGRITY

  • SKILLED NURSING FACILITIES: OPERATION OF 2 SKILLED NURSING FACILITIES (SNF'S) FOR THE AGED WITH 186 TOTAL BEDS PROVIDING 40,435 DAYS OF SERVICE IN 2023. $2,026,736 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF IN 2023.

    Expenses $18,443,443 · Revenue $13,136,171

  • RESIDENTIAL LIVING FACILITIES: OPERATION OF 185 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 57,455 DAYS OF SERVICE IN 2023. $169,867 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS DURING 2023.

    Expenses $7,376,012 · Revenue $7,862,025

  • ASSISTED LIVING FACILITIES: OPERATION OF 2 ASSISTED LIVING FACILITIES FOR THE AGED WITH 166 TOTAL SUITES PROVIDING 39,776 RESIDENT DAYS IN 2023. $87,305 OF BENEVOLENT CARE AND $171,564 CONTRACTUAL ALLOWANCES WERE PROVIDED TO THE ASSISTED LIVING RESIDENTS IN 2023.

    Expenses $6,997,625 · Grants $87,305 · Revenue $6,943,235

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Nellie Ward Cole

    CHAIR/PRESIDENT

    Total calculated
    $0
    Hours/week
    2

  • David Atkinson

    VICE CHAIR

    Total calculated
    $0
    Hours/week
    2

  • Vickie Harris

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Bob McCollum

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Doug Leidig

    DIRECTOR

    Total calculated
    $1,056,532
    From this org
    $0
    From related orgs
    $1,020,253
    Other
    $36,279
    Hours/week
    2 + 38 related

    Schedule J breakdown matched by us

    Base
    $0 + $587,948 related
    Bonus
    $0 + $241,200 related
    Other
    $0 + $191,105 related
    Deferred
    $0 + $9,754 related
    Nontaxable benefits
    $0 + $26,525 related
    Filer's total
    $0 + $1,056,532 related

  • Richard Shuman

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2 + 4 related

  • Marsheine McClurg

    DIRECTOR

    Total calculated
    $0
    Hours/week
    2

  • Andrew Jeanneret

    TREASURER

    Total calculated
    $616,861
    From this org
    $0
    From related orgs
    $580,617
    Other
    $36,244
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $392,589 related
    Bonus
    $0 + $135,322 related
    Other
    $0 + $52,706 related
    Deferred
    $0 + $17,730 related
    Nontaxable benefits
    $0 + $18,514 related
    Filer's total
    $0 + $616,861 related

  • Andrew Joseph

    SECRETARY

    Total calculated
    $470,018
    From this org
    $0
    From related orgs
    $441,003
    Other
    $29,015
    Hours/week
    1 + 39 related

    Schedule J breakdown matched by us

    Base
    $0 + $307,669 related
    Bonus
    $0 + $84,064 related
    Other
    $0 + $49,270 related
    Deferred
    $0 + $12,270 related
    Nontaxable benefits
    $0 + $16,745 related
    Filer's total
    $0 + $470,018 related

  • Melissa Fury

    ASST. SECRETARY

    Total calculated
    $323,448
    From this org
    $0
    From related orgs
    $310,402
    Other
    $13,046
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $260,834 related
    Bonus
    $0 + $30,500 related
    Other
    $0 + $19,068 related
    Deferred
    $0 + $4,595 related
    Nontaxable benefits
    $0 + $8,451 related
    Filer's total
    $0 + $323,448 related

  • Karra Fletcher

    ADMIN/DIR/MANAGER, AL

    Total calculated
    $159,421
    From this org
    $0
    From related orgs
    $153,598
    Other
    $5,823
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $138,404 related
    Bonus
    $0 + $15,095 related
    Other
    $0 + $99 related
    Deferred
    $0 + $5,823 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $159,421 related

  • Suzanne Cloyd

    DIRECTOR OF SALES

    Total calculated
    $148,176
    From this org
    $0
    From related orgs
    $135,984
    Other
    $12,192
    Hours/week
    40

  • Tammy Peter

    ADMIN/DIR/MANAGER/AL

    Total calculated
    $136,979
    From this org
    $0
    From related orgs
    $115,324
    Other
    $21,655
    Hours/week
    40

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

  • 3 · Compensation committee
  • 3 · Independent compensation consultant
  • 3 · Form 990 of other organizations
  • 3 · Written employment contract
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 4b · Supplemental nonqualified retirement plan

Answered no

  • 4a · Severance or change-of-control payment
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

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 AND RECEIVED DISTRIBUTIONS OF $47,871, $50,895 AND $171,430, RESPECTIVELY, IN 2023. THERE WERE NO OTHER PLAN DISTRIBUTIONS.

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

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

  • 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

Provenance

Return type
form_990
Tax year
2023
Filed
4 November 2024
IRS schema version
2023v5.1
Source object
202413119349301701

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