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Nonprofiteer
← ASBURY COMMUNITIES INC

Form 990 for tax year 2023

Filed by ASBURY COMMUNITIES INC.

Totals

Total revenue
$21,423,541
Total expenses
$21,738,794
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$21,392,699
Investment income
$30,842
Other revenue
$0
Total assets, end of year
$15,512,155
Total liabilities, end of year
$62,876,144
Net assets or fund balances, end of year
-$47,363,989
Program services expenses (Part IX)
$16,266,175
Management and general expenses
$5,472,619
Fundraising expenses
$0
Program service expenses (Part III)
$16,266,175

Program services were 74.8% 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.

  • 2a · Program service revenue: MANAGEMENT FEES

    total $21,392,699 · related or exempt $21,392,699

  • 3 · Investment income

    total $537,365 · excluded $537,365

  • 7a · Gross sales of assets other than inventory

    securities $10,948,834

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

    securities $11,455,357

  • 7c · Gain or loss

    securities -$506,523

  • 7d · Net gain or loss

    total -$506,523 · excluded -$506,523

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 $13,076,253 · program services $11,077,304 · management and general $1,998,949

  • 8 · Pension plan contributions

    total $956,500 · program services $615,262 · management and general $341,238

  • 9 · Other employee benefits

    total $1,377,448 · program services $957,565 · management and general $419,883

  • 10 · Payroll taxes

    total $850,809 · program services $752,736 · management and general $98,073

  • 11a · Fees: management

    total $487,853 · management and general $487,853

  • 11b · Fees: legal

    total $217,732 · program services $216,326 · management and general $1,406

  • 11c · Fees: accounting

    total $165,250 · program services $165,250

  • 11g · Fees: other

    total $91,669 · program services $91,669

  • 12 · Advertising and promotion

    total $95,111 · program services $93,011 · management and general $2,100

  • 13 · Office expenses

    total $809,261 · program services $229,873 · management and general $579,388

  • 14 · Information technology

    total $643,811 · program services $643,170 · management and general $641

  • 17 · Travel

    total $344,763 · program services $316,555 · management and general $28,208

  • 20 · Interest

    total $255,456 · program services $255,456

  • 22 · Depreciation, depletion and amortization

    total $529,383 · management and general $529,383

  • 23 · Insurance

    total $85,031 · program services $85,031

  • 24a · Other expenses: CONSULTING FEES

    total $969,665 · program services $287,059 · management and general $682,606

  • 24b · Other expenses: BOARD RELATED EXPENSES

    total $229,519 · management and general $229,519

  • 24c · Other expenses: RECRUITING/TRAINING

    total $188,350 · program services $181,263 · management and general $7,087

  • 24d · Other expenses: DUES AND SUBSCRIPTIONS

    total $107,384 · program services $104,969 · management and general $2,415

  • 24e · All other expenses

    total $131,946 · program services $86,916 · management and general $45,030

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $7,307,508 · end of year $1,236,079

  • 9 · Prepaid expenses and deferred charges

    beginning of year $1,075,111 · end of year $574,250

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

    $6,944,862

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

    $4,481,823

  • 10c · Land, buildings and equipment, net

    beginning of year $1,860,731 · end of year $2,463,039

  • 11 · Investments: publicly traded securities

    beginning of year $8,991,671 · end of year $6,104,051

  • 15 · Other assets

    beginning of year $4,944,226 · end of year $5,134,736

  • 17 · Accounts payable and accrued expenses

    beginning of year $26,347,921 · end of year $31,253,335

  • 25 · Other liabilities

    beginning of year $34,144,864 · end of year $31,622,809

  • 27 · Net assets without donor restrictions

    beginning of year -$36,313,538 · end of year -$47,363,989

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, TRANSPARENCY, AND GRACE.

  • Withheld by Nonprofiteer: this text may name a private individual.

    Expenses $16,266,175 · Revenue $21,392,699

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here. A text marked withheld matched a screen for wording that may name a private individual, such as an honorific or "in memory of". Most of what it withholds names no one; it is withheld so that what does is never shown.

Listed in Part VII

  • Doug Leidig

    PRESIDENT/EX-OFFICIO

    Total calculated
    $1,056,532
    From this org
    $0
    From related orgs
    $1,020,253
    Other
    $36,279
    Hours/week
    35 + 5 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

  • R Scott Coolidge

    CHAIR

    Total calculated
    $15,750
    From this org
    $15,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Julie Gilbert

    VICE CHAIR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Christina Croll

    DIRECTOR

    Total calculated
    $8,000
    From this org
    $8,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Jeffrey Ernico

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • Jean A Machart

    DIRECTOR

    Total calculated
    $13,750
    From this org
    $13,750
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Melissa Fors Shackelford

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Richard Shuman

    DIRECTOR

    Total calculated
    $5,600
    From this org
    $5,600
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 4 related

  • Efonda Sproles

    DIRECTOR

    Total calculated
    $10,000
    From this org
    $10,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2 + 2 related

  • Larry Parks

    DIRECTOR

    Total calculated
    $12,500
    From this org
    $12,500
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • C Eric Winzer

    DIRECTOR

    Total calculated
    $15,000
    From this org
    $15,000
    From related orgs
    $0
    Other
    $0
    Hours/week
    2

  • Andrew Jeanneret

    CFO/TREASURER

    Total calculated
    $616,861
    From this org
    $0
    From related orgs
    $580,617
    Other
    $36,244
    Hours/week
    32 + 8 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

    GENERAL COUNSEL/SECRETARY

    Total calculated
    $470,018
    From this org
    $0
    From related orgs
    $441,003
    Other
    $29,015
    Hours/week
    32 + 8 related

    Schedule J breakdown matched by us

    Base
    $0 + $306,669 related
    Bonus
    $0 + $84,064 related
    Other
    $0 + $50,270 related
    Deferred
    $0 + $12,270 related
    Nontaxable benefits
    $0 + $16,745 related
    Filer's total
    $0 + $470,018 related

  • Sandra H Lawson

    CHIEF GROWTH OFFICER

    Total calculated
    $437,938
    From this org
    $0
    From related orgs
    $418,959
    Other
    $18,979
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $285,861 related
    Bonus
    $0
    Other
    $0 + $133,098 related
    Deferred
    $0 + $12,154 related
    Nontaxable benefits
    $0 + $6,825 related
    Filer's total
    $0 + $437,938 related

  • Shaun Smith

    CHIEF OFFICER

    Total calculated
    $414,999
    From this org
    $0
    From related orgs
    $374,850
    Other
    $40,149
    Hours/week
    37 + 3 related

    Schedule J breakdown matched by us

    Base
    $0 + $305,642 related
    Bonus
    $0 + $66,835 related
    Other
    $0 + $2,373 related
    Deferred
    $0 + $16,117 related
    Nontaxable benefits
    $0 + $24,032 related
    Filer's total
    $0 + $414,999 related

  • Todd Andrews

    ASST. SECRETARY

    Total calculated
    $445,844
    From this org
    $0
    From related orgs
    $415,851
    Other
    $29,993
    Hours/week
    38 + 2 related

    Schedule J breakdown matched by us

    Base
    $0 + $317,742 related
    Bonus
    $0 + $97,350 related
    Other
    $0 + $759 related
    Deferred
    $0 + $14,466 related
    Nontaxable benefits
    $0 + $15,527 related
    Filer's total
    $0 + $445,844 related

  • Michael Bartoszek

    CHIEF OFFICER

    Total calculated
    $358,552
    From this org
    $0
    From related orgs
    $350,667
    Other
    $7,885
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $297,499 related
    Bonus
    $0 + $51,188 related
    Other
    $0 + $1,980 related
    Deferred
    $0 + $7,885 related
    Nontaxable benefits
    $0
    Filer's total
    $0 + $358,552 related

  • Kimberly Ehrenfried

    VICE PRESIDENT

    Total calculated
    $284,312
    From this org
    $0
    From related orgs
    $248,416
    Other
    $35,896
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $222,927 related
    Bonus
    $0 + $25,008 related
    Other
    $0 + $481 related
    Deferred
    $0 + $9,371 related
    Nontaxable benefits
    $0 + $26,525 related
    Filer's total
    $0 + $284,312 related

  • Rhonda Teranto

    VICE PRESIDENT

    Total calculated
    $272,562
    From this org
    $0
    From related orgs
    $244,092
    Other
    $28,470
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $216,746 related
    Bonus
    $0 + $26,023 related
    Other
    $0 + $1,323 related
    Deferred
    $0 + $9,956 related
    Nontaxable benefits
    $0 + $18,514 related
    Filer's total
    $0 + $272,562 related

  • Jonathan Morrison

    SR DIRECTOR

    Total calculated
    $253,854
    From this org
    $0
    From related orgs
    $225,786
    Other
    $28,068
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $204,562 related
    Bonus
    $0 + $20,424 related
    Other
    $0 + $800 related
    Deferred
    $0 + $9,554 related
    Nontaxable benefits
    $0 + $18,514 related
    Filer's total
    $0 + $253,854 related

  • Michael Reynolds

    DIRECTOR

    Total calculated
    $298,458
    From this org
    $0
    From related orgs
    $269,032
    Other
    $29,426
    Hours/week
    40

    Schedule J breakdown matched by us

    Base
    $0 + $259,277 related
    Bonus
    $0 + $6,789 related
    Other
    $0 + $2,966 related
    Deferred
    $0 + $10,912 related
    Nontaxable benefits
    $0 + $18,514 related
    Filer's total
    $0 + $298,458 related

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
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings

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
  • 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 PRESIDENT, CFO, GENERAL COUNSEL, AND CHIEF GROWTH OFFICER PARTICIPATE IN A 457(F) PLAN AND RECEIVED DISTRIBUTIONS OF $171,430, $50,895, $47,871, AND $131,814, RESPECTIVELY, IN 2023. THERE WERE NO OTHER PLAN DISTRIBUTIONS.
PART I, LINE 6
EXECUTIVE INCENTIVE COMPENSATION IS BASED IN PART UPON THE OPERATING RATIO FROM THE CONSOLIDATED ASBURY COMMUNITIES, INC. FINANCIAL STATEMENTS. THE OPERATING RATIO MEASURES WHETHER CURRENT YEAR CASH OPERATING REVENUES ARE SUFFICIENT TO COVER CURRENT YEAR CASH OPERATING EXPENSES. SEE ABOVE
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.

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.

  • ASBURY ATLANTIC INC

    501(C)(3) · HOUSING AND HEALTHCARE FOR OLDER ADULTS · MD · controlled entity

    Directly controlled by ASBURY COMMUNITIES INC

  • AFFILIATED ASSOCIATES INC

    501(C)(3) · EMPLOYEE PAYMASTER COMPANY · MD · controlled entity

    Directly controlled by ASBURY COMMUNITIES INC

  • ASBURY COMMUNITIES HCBS INC

    501(C)(3) · HOME CARE FOR OLDER ADULTS · MD · controlled entity

    Directly controlled by ASBURY COMMUNITIES INC

  • ASBURY INC

    501(C)(3) · HOUSING AND HEALTHCARE FOR OLDER ADULTS · TN · controlled entity

    Directly controlled by ASBURY COMMUNITIES INC

  • BETHANY DEVELOPMENT CORPORATION

    501(C)(3) · HOUSING FOR OLDER ADULTS · PA · controlled entity

    Directly controlled by ASBURY COMMUNITIES INC

  • ALBRIGHT CARE SERVICES

    501(C)(3) · HOUSING, HEALTHCARE, AND AT-HOME SERVICES FOR OLDER ADULTS · PA · controlled entity

    Directly controlled by ASBURY COMMUNITIES INC

  • WARRIOR RUN MANOR

    501(C)(3) · HOUSING FOR OLDER ADULTS · PA

    Directly controlled by ALBRIGHT CARE SERVICES

  • FOREST RIDGE MANOR INC

    501(C)(3) · HOUSING FOR OLDER ADULTS · TN

    Directly controlled by ASBURY INC

  • ASBURY LIVING INC

    501(C)(3) · HOUSING FOR OLDER ADULTS · PA · controlled entity

    Directly controlled by ASBURY COMMUNITIES INC

  • ASBURY FOUNDATION INC

    501(C)(3) · RAISING FUNDS FOR CHARITY CARE · MD · controlled entity

    Directly controlled by ASBURY 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 corporations and trusts

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

  • THE ASBURY GROUP INC

    C · TECH & SUPPORT SERVICES · DE · 100% owned · controlled entity

    Directly controlled by ASBURY COMMUNITIES INC

  • THRIVEWELL TECH LLC

    C · INFO & CONSLT SVCS · DE · controlled entity

    Directly controlled by THE ASBURY GROUP INC

  • IVA INC

    C · HOLDS LIQUOR LICENSES · OK · controlled entity

    Directly controlled by ASBURY ATLANTIC

  • 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
202423119349300812

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