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Nonprofiteer
← ASHBY PONDS INC

Form 990 for tax year 2024

Filed by ASHBY PONDS INC.

Totals

Total revenue
$114,534,137
Total expenses
$131,381,519
Contributions and grants received
$2,023,650
Grants paid
$353,025
Program service revenue
$111,210,681
Investment income
$1,088,504
Other revenue
$211,302
Total assets, end of year
$710,885,111
Total liabilities, end of year
$815,515,823
Net assets or fund balances, end of year
-$104,630,712
Program services expenses (Part IX)
$116,104,055
Management and general expenses
$15,031,792
Fundraising expenses
$245,672
Program service expenses (Part III)
$116,104,055

Program services were 88.4% 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.

  • 1c · Fundraising events

    $126,717

  • 1f · All other contributions, gifts and grants

    $1,896,933

  • 1g · Noncash contributions included above

    $20,367

  • 2a · Program service revenue: RESIDENT FEES

    total $94,178,353 · related or exempt $94,178,353

  • 2b · Program service revenue: ANCILLARY FEES

    total $8,994,651 · related or exempt $8,994,651

  • 2c · Program service revenue: RESIDENT DEPOSITS

    total $7,991,820 · related or exempt $7,991,820

  • 2d · Program service revenue: OTHER PROGRAM REVENUE

    total $45,857 · related or exempt $45,857

  • 3 · Investment income

    total $912,239 · excluded $912,239

  • 6a · Gross rents

    real property $213,670

  • 6b · Less rental expenses

    real property $0

  • 6c · Rental income or loss

    real property $213,670

  • 6d · Net rental income or loss

    total $213,670 · excluded $213,670

  • 7a · Gross sales of assets other than inventory

    securities $176,265

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

    securities $0

  • 7c · Gain or loss

    securities $176,265

  • 7d · Net gain or loss

    total $176,265 · excluded $176,265

  • 8a · Fundraising events: gross income

    $16,147

  • 8a · Fundraising events: contributions included on line 1c

    $126,717

  • 8b · Fundraising events: direct expenses

    $18,515

  • 8c · Net income from fundraising events

    total -$2,368 · excluded -$2,368

Functional expenses

Part IX, the statement of functional expenses.

  • 1 · Grants to domestic organizations and governments

    total $34,904 · program services $34,904

  • 2 · Grants to domestic individuals

    total $318,121 · program services $318,121

  • 5 · Compensation of officers, directors and key employees

    total $603,987 · management and general $603,987

  • 7 · Other salaries and wages

    total $32,928,864 · program services $28,273,880 · management and general $4,497,149 · fundraising $157,835

  • 8 · Pension plan contributions

    total $559,708 · program services $467,356 · management and general $89,357 · fundraising $2,995

  • 9 · Other employee benefits

    total $4,456,621 · program services $3,500,516 · management and general $932,852 · fundraising $23,253

  • 10 · Payroll taxes

    total $2,491,221 · program services $2,113,553 · management and general $367,341 · fundraising $10,327

  • 11a · Fees: management

    total $4,289,973 · program services $4,289,973

  • 11b · Fees: legal

    total $1,253 · program services $1,253

  • 11c · Fees: accounting

    total $74,063 · management and general $74,063

  • 11f · Fees: investment management

    total $35,121 · management and general $35,121

  • 11g · Fees: other

    total $12,698,479 · program services $5,360,673 · management and general $7,337,718 · fundraising $88

  • 12 · Advertising and promotion

    total $3,372,739 · program services $3,372,739

  • 13 · Office expenses

    total $8,847,008 · program services $8,062,264 · management and general $760,515 · fundraising $24,229

  • 16 · Occupancy

    total $7,004,528 · program services $7,004,528

  • 17 · Travel

    total $80,970 · program services $22,832 · management and general $56,734 · fundraising $1,404

  • 20 · Interest

    total $30,923,491 · program services $30,923,491

  • 22 · Depreciation, depletion and amortization

    total $19,010,862 · program services $19,010,862

  • 23 · Insurance

    total $1,485,284 · program services $1,485,284

  • 24a · Other expenses: EQUIPMENT RENTAL

    total $998,003 · program services $894,369 · management and general $103,634

  • 24b · Other expenses: RESIDENT RELATIONS

    total $633,780 · program services $434,918 · management and general $173,321 · fundraising $25,541

  • 24c · Other expenses: CHARITY CARE

    total $532,539 · program services $532,539

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,500 · end of year $1,050

  • 2 · Savings and temporary cash investments

    beginning of year $23,949,584 · end of year $17,161,950

  • 4 · Accounts receivable

    beginning of year $2,047,136 · end of year $2,285,127

  • 7 · Other notes and loans receivable

    beginning of year $3,849,700 · end of year $18,270,950

  • 8 · Inventories for sale or use

    beginning of year $140,829 · end of year $167,199

  • 9 · Prepaid expenses and deferred charges

    beginning of year $184,860 · end of year $363,001

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

    $41,009,133

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

    $19,244,726

  • 10c · Land, buildings and equipment, net

    beginning of year $18,121,368 · end of year $21,764,407

  • 11 · Investments: publicly traded securities

    beginning of year $7,063,520 · end of year $11,032,427

  • 12 · Investments: other securities

    beginning of year $16,448,905 · end of year $21,735,548

  • 15 · Other assets

    beginning of year $541,790,944 · end of year $618,103,452

  • 17 · Accounts payable and accrued expenses

    beginning of year $12,046,554 · end of year $10,921,320

  • 21 · Escrow or custodial account liability

    beginning of year $1,716,049 · end of year $1,460,399

  • 25 · Other liabilities

    beginning of year $687,877,252 · end of year $803,134,104

  • 27 · Net assets without donor restrictions

    beginning of year -$96,080,867 · end of year -$113,872,233

  • 28 · Net assets with donor restrictions

    beginning of year $8,039,358 · end of year $9,241,521

Mission and programs · 2024

Mission

MISSION STATEMENT - HOME IS BELONGING, PEACE OF MIND, LOVE AND ACCEPTANCE. WELCOME HOME!VISION STATEMENT - ASHBY PONDS, INC. CELEBRATES AGING! GROUNDED IN INCLUSION, INNOVATION AND ADVOCACY, WE CREATE UNPARALLELED VALUE AND OPPORTUNITIES FOR EVERY LIFE WE TOUCH. AS PART OF THE NATIONAL SENIOR COMMUNITIES ENTERPRISE, WE LEVERAGE OUR STRONG FINANCIAL FOUNDATION AND GOVERNANCE FOR THE BENEFIT OF SENIORS AND THOSE WHO SUPPORT THEM.

Activities or mission (Part I)

PROVIDE A HOME FOR SENIORS THAT SATISFIES THEIR THREE PRIMARY NEEDS.

  • ASHBY PONDS PROVIDES SERVICES NEEDED BY SENIOR RESIDENTS, WHO RESIDE IN 1,583 INDEPENDENT LIVING UNITS, 56 ASSISTED LIVING UNITS, 44 SKILLED NURSING UNITS, AND 36 MEMORY CARE UNITS. THE SERVICES WE PROVIDE TO OUR RESIDENTS INCLUDE, BUT ARE NOT LIMITED TO HOUSING, FOOD, MEDICAL, SECURITY AND MAINTENANCE SERVICES, RECREATIONAL AND PASTORAL ACTIVITIES.

    Expenses $116,104,055 · Grants $353,025 · Revenue $111,210,681

As filed on the 2024 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Monty C Leonard

    CHAIR & PRESIDENT

    Total calculated
    $90,000
    From this org
    $0
    From related orgs
    $90,000
    Other
    $0
    Hours/week
    1.2 + 9.2 related

  • Eileen G Erstad

    VICE CHAIR & VP/TREASURER

    Total calculated
    $140,000
    From this org
    $0
    From related orgs
    $140,000
    Other
    $0
    Hours/week
    0.8 + 20.5 related

  • Mary D Colins

    SECRETARY

    Total calculated
    $150,000
    From this org
    $0
    From related orgs
    $150,000
    Other
    $0
    Hours/week
    0.1 + 12 related

  • Barbara C Bisgaier

    DIRECTOR

    Total calculated
    $110,000
    From this org
    $0
    From related orgs
    $110,000
    Other
    $0
    Hours/week
    0.1 + 8.8 related

  • Patricia M Brown

    DIRECTOR

    Total calculated
    $90,000
    From this org
    $0
    From related orgs
    $90,000
    Other
    $0
    Hours/week
    0.1 + 8.9 related

  • Ian Brown

    DIRECTOR

    Total calculated
    $80,000
    From this org
    $0
    From related orgs
    $80,000
    Other
    $0
    Hours/week
    0.1 + 7.8 related

  • Rev Dr Zina Jacque

    DIRECTOR

    Total calculated
    $172,500
    From this org
    $0
    From related orgs
    $172,500
    Other
    $0
    Hours/week
    0.1 + 13 related

    Schedule J breakdown matched by us

    Base
    $0 + $172,500 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0
    Filer's total
    $0 + $172,500 related

  • Pamela D Paulk

    DIRECTOR

    Total calculated
    $90,000
    From this org
    $0
    From related orgs
    $90,000
    Other
    $0
    Hours/week
    0.1 + 8.8 related

  • Stephanie L Reel

    DIRECTOR

    Total calculated
    $150,000
    From this org
    $0
    From related orgs
    $150,000
    Other
    $0
    Hours/week
    0.1 + 13.9 related

  • Michael W Roskiewicz

    DIRECTOR

    Total calculated
    $135,000
    From this org
    $0
    From related orgs
    $135,000
    Other
    $0
    Hours/week
    0.1 + 15.3 related

  • Russell Sharp

    DIRECTOR

    Total calculated
    $80,000
    From this org
    $0
    From related orgs
    $80,000
    Other
    $0
    Hours/week
    0.1 + 8.9 related

  • Katherine Clupper

    DIRECTOR (BEG 4/1/24)

    Total calculated
    $65,000
    From this org
    $0
    From related orgs
    $65,000
    Other
    $0
    Hours/week
    0.1 + 6.9 related

  • Mary Moscato

    DIRECTOR (BEG 4/1/24)

    Total calculated
    $65,000
    From this org
    $0
    From related orgs
    $65,000
    Other
    $0
    Hours/week
    0.1 + 7.2 related

  • Chris Rathmann

    ASSISTANT TREASURER (THRU 3/31/24)

    Total calculated
    $0
    Hours/week
    1 + 15 related

  • Pamela Stiner

    ASSISTANT TREASURER (BEG 4/1/24)

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • John Hall

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • Mark Embley

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • Neal Gantert

    ASSISTANT TREASURER

    Total calculated
    $0
    Hours/week
    1 + 18 related

  • Scott Sawicki

    ASSISTANT SECRETARY (BEG 4/1/24)

    Total calculated
    $344,732
    From this org
    $0
    From related orgs
    $307,034
    Other
    $37,698
    Hours/week
    0.3 + 45.4 related

    Schedule J breakdown matched by us

    Base
    $0 + $256,472 related
    Bonus
    $0 + $50,562 related
    Other
    $0
    Deferred
    $0 + $25,180 related
    Nontaxable benefits
    $0 + $12,518 related
    Filer's total
    $0 + $344,732 related

  • Tom Channon

    EXECUTIVE DIRECTOR

    Total calculated
    $269,078
    From this org
    $240,281
    From related orgs
    $0
    Other
    $28,797
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $197,210
    Bonus
    $37,800
    Other
    $5,271
    Deferred
    $8,013
    Nontaxable benefits
    $20,784
    Filer's total
    $269,078

  • Jason Healey

    DIRECTOR, FINANCE

    Total calculated
    $160,373
    From this org
    $154,960
    From related orgs
    $0
    Other
    $5,413
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,051
    Bonus
    $15,350
    Other
    $559
    Deferred
    $4,369
    Nontaxable benefits
    $1,044
    Filer's total
    $160,373

  • Gisele Kouevi

    DIRECTOR, NURSING

    Total calculated
    $174,536
    From this org
    $168,804
    From related orgs
    $0
    Other
    $5,732
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $150,658
    Bonus
    $17,615
    Other
    $531
    Deferred
    $4,679
    Nontaxable benefits
    $1,053
    Filer's total
    $174,536

  • Dana Bradshaw

    SALES COUNSELOR

    Total calculated
    $196,386
    From this org
    $169,833
    From related orgs
    $0
    Other
    $26,553
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $47,896
    Bonus
    $121,675
    Other
    $262
    Deferred
    $4,274
    Nontaxable benefits
    $22,279
    Filer's total
    $196,386

  • Amanda Feigenheimer

    NURSE PRACTIONER, EH&WB

    Total calculated
    $158,019
    From this org
    $152,986
    From related orgs
    $0
    Other
    $5,033
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $139,256
    Bonus
    $13,250
    Other
    $480
    Deferred
    $4,070
    Nontaxable benefits
    $963
    Filer's total
    $158,019

  • Aashee Gupta

    MANAGER, REHABILITATION

    Total calculated
    $163,703
    From this org
    $148,367
    From related orgs
    $0
    Other
    $15,336
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $126,592
    Bonus
    $21,254
    Other
    $521
    Deferred
    $4,370
    Nontaxable benefits
    $10,966
    Filer's total
    $163,703

  • Doug Bradshaw

    SENIOR MANAGER, FACILITIES

    Total calculated
    $141,746
    From this org
    $127,001
    From related orgs
    $0
    Other
    $14,745
    Hours/week
    40

  • Isabel Wilson

    PANNING AND MOVING CONSULTANT

    Total calculated
    $123,138
    From this org
    $122,978
    From related orgs
    $0
    Other
    $160
    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 · Independent compensation consultant
  • 3 · Compensation survey or study
  • 3 · Approval by the board or compensation committee
  • 7 · Other non-fixed payments

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 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
  • 8 · Paid under the initial-contract exception

The filer's explanations (Part III)

PART I, LINE 7
THE EMPLOYEES LISTED ON FORM 990, PART VII, SECTION A, LINE 1A RECEIVED A DISCRETIONARY BONUS DURING THE YEAR.
SCHEDULE J, PART VII
TOM CHANNON AND JASON HEALEY ARE LISTED IN SCHEDULE J, PART II AND ARE EMPLOYEES OF ERICKSON SENIOR LIVING ("ESL"), AN UNRELATED ORGANIZATION TO ASHBY PONDS, INC., IN ACCORDANCE WITH THE MANAGEMENT AGREEMENT BETWEEN ASHBY PONDS, INC. AND ESL. SEE SCHEDULE O EXPLANATION FOR FORM 990, PART VI, SECTION A, LINE 3. THEREFORE, FOR IRS MATCHING PURPOSES, ESL IS THE ISSUER OF THE FORM W-2S. UNDER THE MANAGEMENT AGREEMENT, ASHBY PONDS, INC. REIMBURSES ESL FOR THE COST OF SERVICES PERFORMED FOR ASHBY PONDS, INC.

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

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.

  • ANN'S CHOICE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · PA

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • AVERY POINT INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • BETHESDA NSC RETIREMENT COMMUNITY INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • BROOKSBY VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • CEDAR CREST VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • EAGLE'S TRACE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • FOX RUN VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • GREENSPRING VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • HIGHLAND SPRINGS INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • LANTERN HILL INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • LINDEN PONDS INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • MARIS GROVE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · PA

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • MATTHEWS NSC RETIREMENT COMMUNITY INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • NATIONAL SENIOR COMMUNITIES INC

    501(C)(3) · SUPPORTING ORGANIZATION · MD

  • OAK CREST VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • RIDERWOOD VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • SEABROOK VILLAGE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • TALLGRASS CREEK INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • WIND CREST INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • WOODLEIGH CHASE INC

    501(C)(3) · CONTINUING CARE RETIREMENT COMMUNITY · MD

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

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 partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • NATIONAL CCRC BUSINESS TRUST I

    EXCLUDED · CHARITABLE BUSINESS TRUST · MD · 0.67% owned · share of income $141,083 · share of assets $10,141,131

    Directly controlled by NATIONAL SENIOR COMMUNITIES INC

  • NATIONAL CCRC STATUTORY TIER IV TRUST

    CHARITABLE BUSINESS TRUST · MD

Related corporations and trusts

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

  • THE TALON BAR COMPANY

    C · LIQUOR LICENSE HOLDER FOR EAGLE'S TRACE · TX

Provenance

Return type
form_990
Tax year
2024
Filed
17 October 2025
IRS schema version
2024v5.2
Source object
202542949349301484

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