Form 990 for tax year 2024

Revenue

Part VIII, the statement of revenue.

• 2a · Program service revenue: MANAGEMENT FEES

  total $20,811,065 · related or exempt $20,811,065

• 3 · Investment income

  total $324,851 · excluded $324,851

• 7a · Gross sales of assets other than inventory

  securities $8,608,520

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

  securities $7,310,905

• 7c · Gain or loss

  securities $1,297,615

• 7d · Net gain or loss

  total $1,297,615 · excluded $1,297,615

Functional expenses

Part IX, the statement of functional expenses.

• 5 · Compensation of officers, directors and key employees

  total $125,600 · program services $106,760 · management and general $18,840

• 7 · Other salaries and wages

  total $13,145,884 · program services $11,079,949 · management and general $2,065,935

• 8 · Pension plan contributions

  total $887,275 · program services $565,941 · management and general $321,334

• 9 · Other employee benefits

  total $1,004,665 · program services $705,423 · management and general $299,242

• 10 · Payroll taxes

  total $699,479 · program services $648,303 · management and general $51,176

• 11a · Fees: management

  total $318,682 · management and general $318,682

• 11b · Fees: legal

  total $438,880 · program services $164,005 · management and general $274,875

• 11c · Fees: accounting

  total $133,473 · program services $133,473

• 11g · Fees: other

  total $95,605 · program services $95,605

• 12 · Advertising and promotion

  total $186,751 · program services $186,751

• 13 · Office expenses

  total $789,667 · program services $177,273 · management and general $612,394

• 14 · Information technology

  total $843,866 · program services $843,675 · management and general $191

• 17 · Travel

  total $349,846 · program services $322,095 · management and general $27,751

• 20 · Interest

  total $910,643 · program services $910,643

• 22 · Depreciation, depletion and amortization

  total $658,042 · management and general $658,042

• 23 · Insurance

  total $92,725 · program services $92,725

• 24a · Other expenses: CONSULTING FEES

  total $446,507 · program services $350,111 · management and general $96,396

• 24b · Other expenses: BOARD RELATED EXPENSES

  total $313,399 · management and general $313,399

• 24c · Other expenses: DUES AND SUBSCRIPTIONS

  total $87,042 · program services $85,131 · management and general $1,911

• 24d · Other expenses: RECRUITING/TRAINING

  total $68,654 · program services $58,941 · management and general $9,713

• 24e · All other expenses

  total $152,795 · program services $98,701 · management and general $54,094

Balance sheet

Part X, book values.

• 1 · Cash, non-interest-bearing

  beginning of year $1,236,079 · end of year $7,690,524

• 9 · Prepaid expenses and deferred charges

  beginning of year $574,250 · end of year $534,367

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

  $6,302,149

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

  $3,695,859

• 10c · Land, buildings and equipment, net

  beginning of year $2,463,039 · end of year $2,606,290

• 11 · Investments: publicly traded securities

  beginning of year $6,104,051 · end of year $6,567,371

• 15 · Other assets

  beginning of year $5,134,736 · end of year $4,628,776

• 17 · Accounts payable and accrued expenses

  beginning of year $31,253,335 · end of year $27,416,264

• 19 · Deferred revenue

  end of year $100,460

• 25 · Other liabilities

  beginning of year $31,622,809 · end of year $49,663,917

• 27 · Net assets without donor restrictions

  beginning of year -$47,363,989 · end of year -$55,153,313

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

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

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 FROM 990, PART VII AND PART IX REFLECTS THE COMPENSATION PAID BY ASBURY COMMUNITIES, INC. FOR THOSE ASSOCIATES DIRECTLY ALLOCATED TO ASBURY COMMUNITIES, INC. 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 · 100% owned · share of income $449,513 · share of assets $2,341,811 · controlled entity

  Directly controlled by ASBURY COMMUNITIES INC

• THRIVEWELL TECH LLC

  C · INFO & CONSLT SVCS · DE

• IVA INC

  C · HOLDS LIQUOR LICENSES · OK

• 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 COMMUNITY · PA