2022-11-12T09:41:36-06:00 2021-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2021-01-01 620630670 ASBURY INC ASBU 8652388300 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 ANDREW JEANNERET TREASURER 8652388300 2022-11-10 1 ANDREW JEANNERET 999009999 JOHN NORMAN P01506766 7049985200 2022-11-10 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z DOUG LEIDIG 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 46486142 0 X WWW.ASBURY.ORG X 1956 TN EXPLORING POSSIBILITIES TO LIVE YOUR BEST LIFE BY DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY AND GRACE. 7 5 639 0 0 0 2888907 6515483 33351111 31850097 180452 1553089 9192 9207 36429662 39927876 65166 50101 0 0 18054638 19027181 0 0 0 24535642 23462158 42655446 42539440 -6225784 -2611564 86285045 80704465 80630740 76352491 5654305 4351974 X OUR MISSION IS EXPLORING POSSIBILITIES TO LIVE YOUR BEST LIFE BY DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY AND GRACE. 0 0 22314420 0 17835643 SKILLED NURSING FACILITIES: OPERATION OF 2 SKILLED NURSING FACILITIES (SNF) FOR OLDER ADULTS WITH 234 TOTAL BEDS PROVIDING 60,529 DAYS OF SERVICE IN 2021. $2,845,916 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF IN 2021. 6215528 0 6647612 RESIDENTIAL LIVING FACILITIES: OPERATION OF 188 RESIDENTIAL LIVING UNITS FOR OLDER ADULTS, PROVIDING 56,929 DAYS OF SERVICE IN 2021. $228,194 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS DURING 2021. 7088838 50101 7366842 ASSISTED LIVING FACILITIES: OPERATION OF 2 ASSISTED LIVING FACILITIES FOR OLDER ADULTS WITH 166 TOTAL SUITES PROVIDING 49,127 RESIDENT DAYS IN 2021. $50,102 OF BENEVOLENT CARE AND $621,303 CONTRACTUAL ALLOWANCES WERE PROVIDED TO THE ASSISTED LIVING RESIDENTS IN 2021. 35618786 1 1 0 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 0 1 0 0 639 1 0 0 0 0 0 0 0 0 0 0 0 0 X 7 5 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X X ANDREW JEANNERET CFO 3012502100 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 NELLIE COLE CHAIR/PRESIDENT 2.00 2.00 X X 0 15000 0 DAVID ATKINSON VICE CHAIR 2.00 X X 0 0 0 VICKIE HARRIS DIRECTOR 2.00 X 0 0 0 BOB MCCOLLUM DIRECTOR 2.00 X 0 0 0 COLE PIPER DIRECTOR 2.00 X 0 0 0 MARSHEINE MCCLURG DIRECTOR 2.00 X 0 0 0 MELISSA FURY ASST. SECRETARY 40.00 X X 247813 0 9207 ANDREW JOSEPH SECRETARY 1.00 39.00 X 0 383020 27617 ANDREW JEANNERET TREASURER 1.00 39.00 X 0 464910 31692 SHARON MILLER DIRECTOR, HR 40.00 X 103046 0 4766 350859 862930 73282 2 0 1 0 SODEXO INC AND AFFILIATES 3181 SHORE DRIVE VIRGINIA BEACH VA 23451 DINING, MAINT, HKP, LAUNDRY 5495087 FOCUSONE SOLUTIONS LLC MEDICAL SOLUTIO 13609 CALIFORNIA STREET OMAHA NE 68154 PROFESSIONAL STAFFING 2490530 ACUTIS DIAGNOSTICS INC 400 KARIN LANE HICKSVILLE NY 11801 LABORATORY SERVICES 1238050 MCKESSON MEDICAL PO BOX 204786 DALLAS TX 75320 PPE AND NURSING SUPPLIES 465217 PHARMACY NETWORK SERVICES PO BOX 6075 JOHNSON CITY TN 37602 PHARMACY DRUGS & SERVICES 413761 18 75080 6440403 6515483 NET RESIDENT REVENUE 623000 17745124 17745124 MEDICARE/MEDICAID PAYM 623000 13187758 13187758 AMORTIZATION OF ENTRAN 623000 782280 782280 OTHER OPERATING REVENU 623000 134935 134935 31850097 338387 338387 10462 1255 9207 9207 9207 7771713 6557011 1214702 1214702 1214702 39927876 31850097 0 1562296 X 50101 50101 257020 257020 15192434 13591156 1601278 389967 350849 39118 2066396 1560450 505946 1121364 992696 128668 12713 12713 107879 107879 31136 31136 6025541 6025541 194683 20 194663 1337932 919924 418008 838641 17137 821504 1071615 1071615 83048 38019 45029 1470877 1470877 4130734 4088747 41987 744441 744441 MEDICAL SUPPLIES AND PH 1635368 1635069 299 TAXES-OTHER 1615418 71217 1544201 FOOD 1611668 1585643 26025 REPAIRS & MAINTENANCE 1539009 1468086 70923 1011455 681639 329816 42539440 35618786 6920654 0 895834 1869159 2792651 2753530 1856232 1734116 74852 87819 316201 267070 99019286 43937135 57837197 55082151 13745416 12752864 5480000 5480000 3286662 677756 86285045 80704465 2204858 1918366 32255851 32494939 41117879 39678734 3270900 1781252 2260452 80630740 76352491 X 5457298 4071800 197007 280174 5654305 4351974 86285045 80704465 X -2611564 -101326 1410559 X X 0 1 X 1 0 X 80711 175128 46869 57006 6515483 6875197 20607323 30725695 32220965 36183002 31850097 151587082 20688034 30900823 32267834 36240008 38365580 158462279 10 1350 1177 2537 0 10 1350 1177 2537 158459742 354739 428350 590239 498811 348849 2220988 354739 428350 590239 498811 348849 2220988 21042773 31329173 32858073 36738819 38714429 160683267 0.98620 0.98620 0.01380 0.01380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 847 847 0 PART II-B, LINE 1: A PORTION OF ASSOCIATION DUES PAID ARE ATTRIBUTABLE TO LOBBYING EXPENSES. 53391 53391 53391 53391 53391 53391 53391 53391 53391 53391 0.00000 1.00000 0.00000 1 0 1106861 1106861 81745819 32945535 48800284 2318259 1751969 566290 13848347 9239631 4608716 55082151 FIXED-INCOME SECURITIES 3983128 F EQUITY SECURITIES 8769736 F 12752864 DEPOSITS FROM PROSPECTIVE RESIDENTS 129230 REFUNDABLE ENTRANCE FEES 756497 LEASES PAYABLE 408179 VALUATION OF DERIVATIVE INSTRUMENT 13561 DUE TO ACOMM, NET 952985 2260452 X 41188263 -101326 1360458 1259132 39929131 -1255 -1255 39927876 42490594 1255 1255 42489339 50101 50101 42539440 PART V, LINE 4: THE ENDOWMENT IS INTENDED TO SUPPORT BENEVOLENT CARE PROVIDED BY THE ORGANIZATION. PART X, LINE 2: ASBURY, INC. IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC); ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED AS THERE ARE NO UNRELATED TRADES OR BUSINESSES. THE COMPANY HAS IMPLEMENTED PROCESSES TO ENSURE COMPLIANCE WITH THE INTERNAL REVENUE SERVICE INTERMEDIATE SANCTIONS PROVISIONS FOR ALL ITS SUPPORTED ORGANIZATIONS, INCLUDING THE COMPANY. THIS INCLUDES AN INDEPENDENT REVIEW BY THE BOARD'S COMPENSATION COMMITTEE OF ALL COMPENSATION ARRANGEMENTS WITH DISQUALIFIED PERSONS AND OUTSIDE COMPENSATION CONSULTANTS TO PROVIDE INDEPENDENT THIRD-PARTY REVIEW AND ADVISEMENT, AND THE IMPLEMENTATION OF A DETAILED CONFLICT-OF-INTEREST POLICY AND ANNUAL DISCLOSURE PROCESS FOR ALL DISQUALIFIED PERSONS. THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MUST BE RECOGNIZED ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE RESOLUTION. THE COMPANY'S REASSESSMENT OF ITS TAX POSITIONS DID NOT HAVE A MATERIAL IMPACT ON THE COMPANY'S RESULTS OF OPERATIONS OR FINANCIAL POSITION. THE COMPANY'S INCOME TAX RETURNS ARE SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE COMPANY IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. PART XI, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON CHANGE IN MARKET VALUE OF DERIVATIVES 27,392. BENEVOLENT CARE -50,101. TRANSFERS FROM ACOMM 1,300,000. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF ASBURY FOUNDATION 83,167. PART XI, LINE 4B - OTHER ADJUSTMENTS: RENTAL EXPENSES -1,255. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 1,255. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE 50,101. 1 BENEVOLENT CARE FOR ASSISTED LIVING RESIDENTS 3 50101 PART I, LINE 2: ALL RESIDENTS INQUIRING ABOUT BENEVOLENT CARE MUST COMPLETE AND SIGN THE BENEVOLENT CARE APPLICATION WHICH SHALL BE REVIEWED FOR APPROVAL BY THE COMMUNITY REPRESENTATIVE RESPONSIBLE FOR BENEVOLENT CARE. DOCUMENTS RELATED TO BENEVOLENT CARE APPLICATION/REDETERMINATION AND ON-GOING MANAGEMENT WILL BE MAINTAINED ON-SITE UNTIL THE END OF THE CALENDAR YEAR IN WHICH THE RESIDENT IS NO LONGER RECEIVING ASSISTANCE FROM BENEVOLENT CARE. THEREAFTER THE RECORDS WILL BE MAINTAINED FOR FIVE (5) YEARS, EITHER ON-SITE OR IN STORAGE IN ACCORDANCE WITH THE RECORDS MANAGEMENT PROGRAM. X X X X X X 0 1 0 0 0 0 0 0 0 ANDREW JEANNERET TREASURER 0 359390 0 103874 0 1646 0 14250 0 17442 0 496602 0 0 ANDREW JOSEPH SECRETARY 0 283995 0 98346 0 679 0 12417 0 15200 0 410637 0 0 MELISSA FURY ASST. SECRETARY 246781 0 0 0 1032 0 288 0 8919 0 257020 0 0 0 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 TREASURER AND SECRETARY PARTICIPATE IN A 457(F) PLAN. THERE WERE NO PLAN DISTRIBUTIONS IN 2021. A THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF BLOUNT COUNTY TN 621192419 2016-10-06 47406858 REVENUE REFUNDING AND IMPROVEMENT BONDS 0 0 0 A 8240635 47406858 1870625 1701482 1119201 26381660 12319798 4014092 2016 1 0 0 1 A 0 0 0 1 0 0 0 0 1 A 1 PHARMACY NETWORK SERVICES PNS OWNED BY FORMER BOARD MEMBER 413761 SEE BELOW 0 PART IV (D) ASBURY USED PHARMACY NETWORK SERVICES (FORMERLY WILSON PHARMACY) AS ITS PHARMACEUTICAL VENDOR FOR AT LEAST SEVENTEEN YEARS. ASBURY ADDED PNS TO THE MARYVILLE CAMPUS NINE YEARS AGO. PNS IS OWNED BY FORMER BOARD MEMBER GUY WILSON. GUY WILSON IS NO LONGER A BOARD MEMBER AS OF 12/31/20. ADDITIONALLY, AS OF 5/31/22, ASBURY NO LONGER USES PHARMACY NETWORK SERVICES. FORM 990,PART III ASBURY, INC., D/B/A ASBURY PLACE, IS THE NOT-FOR-PROFIT OWNER AND OPERATOR OF ASBURY PLACE MARYVILLE AND ASBURY PLACE KINGSPORT. ASBURY, INC. IS THE LEGAL ENTITY RESPONSIBLE FOR PROVIDING SERVICES TO THE RESIDENTS OF THESE COMMUNITIES. IN 2016, ASBURY, INC. AFFILIATED WITH ASBURY COMMUNITIES, INC., A NOT-FOR-PROFIT SUPPORTING ORGANIZATION OF A SYSTEM OF SENIOR LIVING AND HEALTH SERVICE PROVIDERS. THE ASBURY COMMUNITIES SYSTEM OF SENIOR LIVING AND HEALTH SERVICE PROVIDERS ORIGINATED WITH ASBURY METHODIST VILLAGE (GAITHERSBURG, MD), WHICH WAS ORIGINALLY ESTABLISHED IN 1926 AS THE METHODIST HOME FOR ORPHANS AND THE AGED. ASBURY, INC. SHARES THIS METHODIST HERITAGE, HAVING BEEN FOUNDED IN 1956 BY THE HOLSTON CONFERENCE AS ASBURY ACRES HOME FOR THE AGED. WHILE ASBURY COMMUNITIES AND ASBURY PLACE ARE NO LONGER FORMALLY AFFILIATED WITH THE UNITED METHODIST CHURCH, THEY REMAIN COMMITTED TO THE ETHICAL PRINCIPLES AND SPIRIT OF THEIR FAITH-BASED HERITAGE. THESE VALUES ARE REFLECTED IN OUR MISSION AND GUIDING PRINCIPLE OF DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY, AND GRACE. THE COMMUNITIES WITHIN ASBURY PLACE ARE COMMITTED TO FULFILLING ASBURY'S MISSION FOR THOSE WE SERVE AND TO BE A VALUED PARTNER IN THE REGIONS WHERE THEY OPERATE. EACH YEAR, OUR LEADERS AND ASSOCIATES WORK WITH SERVICE ORGANIZATIONS, HEALTH PROVIDERS AND FOUNDATIONS THAT ADDRESS THE NEEDS OF THE GREATER COMMUNITY. WE ACCOMPLISH THIS IN THREE PRIMARY WAYS: -PROVIDING A BENEVOLENT CARE PROGRAM FOR ELIGIBLE RESIDENTS WHO OUTLIVE THEIR RESOURCES THROUGH NO FAULT OF THEIR OWN (SEE BELOW, 2021 BENEVOLENT CARE); -PROVIDING UNREIMBURSED MEDICAL SERVICES ABOVE MEDICAID CONTRACTED PAYMENT RATES FOR RESIDENTS RECEIVING SERVICES AT ASBURY'S SKILLED NURSING CENTERS (SEE BELOW, 2021 UNREIMBURSED SERVICES); AND, -SUPPORTING AND PARTNERING WITH NUMEROUS CHARITABLE AND COMMUNITY ORGANIZATIONS AND PROVIDING INTERNSHIP AND PROFESSIONAL DEVELOPMENT OPPORTUNITIES FOR A WIDE RANGE EDUCATIONAL INSTITUTIONS AND AGING SERVICES AND HEALTH PROVIDERS, (SEE SECTION, COMMUNITY BENEFIT). IN ADDITION, ASBURY, INC. IS THE SUPPORTING ORGANIZATION OF FOREST RIDGE MANOR, INC., WHICH OWNS AND OPERATES A HUD SECTION 202 LOW-INCOME SENIOR HOUSING APARTMENT BUILDING IN KINGSPORT, TN. ASBURY FOUNDATION THE ASBURY FOUNDATION, A NOT-FOR-PROFIT ORGANIZATION, SECURES PHILANTHROPIC GIFTS TO SUPPORT AND ENHANCE QUALITY OF LIFE FOR OLDER ADULTS SERVED BY THE ASBURY SYSTEM, THROUGH BENEVOLENT CARE, NEW PROGRAMS AND SERVICES THAT PROMOTE RESIDENTS' WELL-BEING, AND SCHOLARSHIPS FOR ASBURY ASSOCIATES. TO DATE, ASBURY FOUNDATION HAS SECURED MORE THAN $500,000 IN SCHOLARSHIPS FUNDS, WITH MANY OF THOSE DOLLARS GOING TOWARD CAREER ADVANCEMENT IN THE NURSING AND HEALTHCARE FIELDS. SECTION I: BENEVOLENT CARE - 2021 BENEVOLENT CARE IS THE PAYMENT BY THE ORGANIZATION OF RESIDENTS' FEES, INCLUDING MONTHLY, AND ANCILLARY FEES, AND CERTAIN THIRD-PARTY EXPENSES, FOR RESIDENTS WHO HAVE EXHAUSTED THEIR ASSETS AND MEET ELIGIBILITY REQUIREMENTS FOR THE PROGRAM. BENEVOLENT CARE IS AT THE HEART OF ASBURY'S GUIDING PRINCIPLE TO DO ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY, AND GRACE. IN 2021, MORE THAN $2.9 MILLION IN ANNUAL FUNDS AND UNRESTRICTED GIFTS WERE CONTRIBUTED TO HELP MEET IMMEDIATE BENEVOLENT CARE NEEDS FOR 64 RESIDENTS OF ASBURY COMMUNITIES: ASBURY METHODIST VILLAGE $1,581,958 ASBURY PLACE $50,101 ASBURY SOLOMONS $374,120 BETHANY VILLAGE $616,471 NORMANDIE RIDGE $38,890 RIVERWOODS $188,949 SPRINGHILL $85,146 TOTAL $2,935,635 SECTION II: UNREIMBURSED MEDICAL SERVICES UNREIMBURSED MEDICAL SERVICES ARE THE TOTAL COST AND EXPENSES INCURRED IN THE PROVISION OF CARE TO RESIDENTS OF ASBURY'S SKILLED NURSING CENTERS THAT EXCEED THE REIMBURSEMENT PROVIDED BY CERTAIN PAYOR SOURCES, INCLUDING MEDICAID (MEDICAL ASSISTANCE). ASBURY METHODIST VILLAGE $4,316,076 ASBURY PLACE $3,796,722 ASBURY SOLOMONS $184,223 BETHANY VILLAGE $769,459 NORMANDIE RIDGE $1,450,780 RIVERWOODS $4,192,922 SPRINGHILL $942,913 TOTAL $15,653,095 SECTION III: COMMUNITY BENEFIT AS A NOT-FOR-PROFIT ORGANIZATION, ASBURY PLACE, IS COMMITTED TO PROVIDING BENEFIT TO THE REGIONS WHERE WE OPERATE BY PARTNERING WITH ORGANIZATIONS AND INSTITUTIONS THAT PROVIDE NEEDED SERVICES TO OTHERS OR ADDRESS UNMET NEEDS. EXAMPLES OF OUR COMMUNITIES' LOCAL PRESENCE ARE WIDE RANGING. SOME CATEGORIES INCLUDE: -TRAINING THE NEXT GENERATION OF CAREGIVERS AND AGING SERVICES PROFESSIONALS AND LEADERS THROUGH INTERNSHIPS AND PROFESSIONAL DEVELOPMENT PROGRAMS -DONATING SPACE AT OUR COMMUNITIES FOR LOCAL CIVIC ORGANIZATIONS -DONATING DURABLE MEDICAL EQUIPMENT OR OTHER SUPPLIES AND FOOD AND OTHER ITEMS THAT SUPPORT UNDERSERVED PEOPLE -FUNDRAISING FOR AGING-RELATED ORGANIZATIONS SUCH AS ALZHEIMER'S ASSOCIATION AS WELL AS LOCAL CHARITABLE ORGANIZATIONS SUCH AS HOMELESS SHELTERS AND FOOD KITCHENS -PROVIDING EDUCATIONAL PRESENTATIONS ON TOPICS BENEFICIAL TO SENIORS AND FAMILY MEMBERS -PROVIDING PEER-TO-PEER PRESENTATIONS ON INNOVATIONS IN SENIOR WELLNESS AND TECHNOLOGY -FOSTERING ENVIRONMENTAL SUSTAINABILITY THROUGH ENERGY-USE REDUCTION PROGRAMS AND PROJECTS THAT HELP PROTECT THE CHESAPEAKE BAY AND LOCAL WATERSHEDS -SEEKING OPPORTUNITIES TO TAKE OUR SERVICES TO AT-RISK SENIORS WHO DO NOT LIVE AT OUR COMMUNITIES THROUGH GRANTS AND PARTNERSHIPS WITH PEER ORGANIZATIONS -SUPPORTING AT-RISK YOUTH AND FAMILIES THROUGH A MENTORING AND ADVOCACY PROGRAM WITH LOCAL GOVERNMENT AND SCHOOLS -PROVIDING MEALS ON WHEELS MEALS AND PROGRAM MANAGEMENT, AS WELL AS VOLUNTEERING FOR MEAL DELIVERY FORM 990, PART VI, SECTION A, LINE 1A THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CAN ACT IN PLACE OF THE BOARD BETWEEN MEETINGS. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF DIRECTORS. FORM 990, PART VI, SECTION A, LINE 6 ASBURY COMMUNITIES IS THE SOLE MEMBER. FORM 990, PART VI, SECTION A, LINE 7A ASBURY COMMUNITIES, INC. IS THE SOLE MEMBER OF ASBURY, INC. FORM 990, PART VI, SECTION A, LINE 7B ONLY CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO ASBURY COMMUNITY INC'S APPROVAL. THESE DECISIONS INCLUDE: (1) MANAGEMENT SERVICES RELATIONSHIPS AND CONTRACTS; (2) ANY ORGANIZATIONAL CHANGE IN GENERAL, INCLUDING MERGERS, SALES, LEASES, ETC, OF SUBSTANTIALLY ALL OF THE ASSETS AND THE CREATION OF NEW ENTITIES; (3) AMENDMENTS TO MISSION OR VISION STATEMENTS; (4) AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS; (5) THE OPERATING AND CAPITAL BUDGET OF THE COMPANY. FORM 990, PART VI, SECTION B, LINE 11B ASBURY COMMUNITIES, INC. , THE SOLE MEMBER OF ASBURY, INC., DELEGATES REVIEW OF THE FORM 990 TO ITS AUDIT, FINANCE, AND INVESTMENT COMMITTEE (AFIC) WHICH PERFORMED ITS REVIEW ON 11/02/22. ADDITIONALLY, THE ASBURY COMMUNITIES, INC. AND ASBURY, INC. BOARD OF DIRECTORS WERE FORWARDED A COPY OF THE DRAFT 990 FOR REVIEW AND WAS PROVIDED A LINK TO A RECORDING OF THE AFIC MEETING IF MEMBERS CHOSE TO LISTEN TO THE MEETINGS AS THEY REVIEWED ANY OF THE FORM 990S. ALL DIRECTORS MAY POSE QUESTIONS OR ASK FOR CLARIFICATION FROM STAFF AND THE AFIC. FORM 990, PART VI, SECTION B, LINE 12C THE ASBURY COMMUNITIES CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS. THE COMPLIANCE OFFICER IS RESPONSIBLE FOR THE POLICY AND OVERSEES THE IMPLEMENTATION OF THE PROCESS. ALL THE ENTITIES WITHIN THE ASBURY COMMUNITIES SYSTEM ARE SUBJECT TO THE POLICY. ANNUALLY, THE COMPLIANCE OFFICER CONDUCTS A COMPREHENSIVE CONFLICT DISCLOSURE PROCESS COVERING ALL MEMBERS OF THE GOVERNING BOARDS, SYSTEM WIDE COMMITTEES, AND INDIVIDUALS IN KEY MANAGEMENT POSITIONS. EACH PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE FORM AND IS ADVISED OF THEIR FIDUCIARY OBLIGATIONS. THE COMPLIANCE OFFICER, WHO HAS A DIRECT REPORTING LINE TO THE CHAIR OF THE GOVERNANCE AND NOMINATIONS COMMITTEE AND REPORTS QUARTERLY TO THE GOVERNANCE AND NOMINATIONS COMMITTEE, ANALYZES ALL DISCLOSURE FORMS FOR POTENTIAL. CONFLICTS, AND PREPARES A REPORT FOR THE GOVERNANCE AND COMPLIANCE COMMITTEE. A REPORT WAS MADE TO THE BOARD THAT THERE WERE NO CONFLICTS DURING 2021. WHEN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES INVOLVING A BOARD OR COMMITTEE MEMBER, THE GOVERNANCE AND NOMINATIONS COMMITTEE IS INFORMED AND WILL FOLLOW SPECIFIC PROTOCAL OUTLINED IN THE CONFLICT OF INTEREST POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE RELIES ON STAFF FEEDBACK AND THE DATA AND RECOMMENDATIONS PROVIDED BY AN EXTERNAL COMPENSATION CONSULTANT TO ASCERTAIN THE REASONABLENESS OF COMPENSATION AND BENEFITS OF ALL OF THE DIRECT REPORTS OF THE CEO AND OTHER POTENTIALLY DISQUALIFIED PERSONS. IN ADDITION, THE COMPENSATION COMMITTEE REVIEWS THE ORGANIZATION'S PROGRESS TOWARDS KEY PERFORMANCE INDICATORS SELECTED FOR INCENTIVIZING PERFORMANCE OF DISQUALIFIED PERSONS THROUGH A PERFORMANCE BASED-COMPENSATION PROGRAM. QUARTERLY, THE COMPENSATION COMMITTEE REVIEWS UPDATES TO THE OVERALL BENEFITS AND COMPENSATION PLAN FOR THE ORGANIZATION AS WELL AS PROGRESS ON THE ORGANIZATION'S EMPLOYER OF CHOICE STRATEGIC GOALS. ALSO ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE SPECIFICALLY REVIEWS THE COMPENSATION AND BENEFITS OF THE CEO USING THE DATA GATHERED BY THE COMPENSATION CONSULTANT AT THE DIRECTION OF THE COMMITTEE AND PROVIDES INPUT TO THE FULL BOARD OF DIRECTORS IN ORDER TO SUPPORT THEIR DECISION MAKING PROCESS REGARDING THE CEO'S COMPENSATION. THE COMPENSATION COMMITTEE CHARTER, THE EXECUTIVE COMPENSATION PHILOSOPHY, AND THE EXECUTIVE INCENTIVE PLAN WERE REVIEWED MOST RECENTLY IN 2021. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. FORM 990, PART IX, LINE 11G CONSULTANT/CONTRACT LABOR: PROGRAM SERVICE EXPENSES 6,025,541. MANAGEMENT AND GENERAL EXPENSES 0. FUNDRAISING EXPENSES 0. TOTAL EXPENSES 6,025,541. FORM 990, PART XI, LINE 9: CHANGE IN MARKET VALUE OF DERIVATIVES 27,392. TRANSFERS FROM ACOMM 1,300,000. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF ASBURY FOUNDATION 83,167. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN OVERSIGHT PROCESS FROM THE PRIOR YEAR. FORM 990, PART VII, SECTION A 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, INC. AS WELL AS THE OTHER RELATED AND SUPPORTED ORGANIZATIONS OF ASBURY COMMUNITIES, INC. THERE ARE OVER 2,500 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2021 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $297 MILLION AND TOTAL ASSETS IN EXCESS OF $680 MILLION. FORM 990, PART VII, SECTION A BEGINNING WITH YEAR 2014, FOUNDATION ASSOCIATE SALARIES AND BENEFITS, WHICH WERE PREVIOUSLY REPORTED ON THE ASBURY FOUNDATION IRS FORM 990, WILL BE REPORTED BY THE ASBURY ENTITY WHERE THEY DEDICATED THEIR TIME. ASBURY FOUNDATION ASSISTS WITH THE MISSION OF THE NON PROFIT ENTITIES WITHIN THE ASBURY COMMUNITIES SYSTEM. ASBURY ATLANTIC INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 520607956 HOUSING AND HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 ASBURY FOUNDATION INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 521862674 RAISING FUNDS FOR CHARITY CARE MD 501(C)(3) LINE 7 ASBURY COMMUNITIES INC 0 AFFILIATED ASSOCIATES INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 510426078 EMPLOYEE PAYMASTER COMPANY MD 501(C)(3) LINE 12C, III-FI ASBURY COMMUNITIES INC 0 ASBURY COMMUNITIES HCBS INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 450634490 HOME CARE FOR OLDER ADULTS MD 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 ASBURY COMMUNITIES INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 521862677 SUPPORT SERVICES MD 501(C)(3) LINE 12C, III-FI 0 BETHANY DEVELOPMENT CORPORATION 335 WESLEY DRIVE MECHANICSBURG PA 17055 232078064 HOUSING FOR OLDER ADULTS PA 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 ALBRIGHT CARE SERVICES 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 231887138 HOUSING, HEALTHCARE, AND AT-HOME SERVICES FOR OLDER ADULTS PA 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 WARRIOR RUN MANOR 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 232137458 HOUSING FOR OLDER ADULTS PA 501(C)(3) LINE 10 ALBRIGHT CARE SERVICES 0 FOREST RIDGE MANOR 910 WILDER CHAPEL LANE MARYVILLE TN 37804 201885811 HOUSING FOR OLDER ADULTS TN 501(C)(3) LINE 12A, I ASBURY INC 0 THE ASBURY GROUP INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 205038820 TECH & SUPPORT SERVICES DE ASBURY COMMUNITIES INC C 0 THRIVEWELL TECH LLC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 262896175 INFO & CNSLT SERVICES DE ASBURY COMMUNITIES INC C 0 0 1 0 0 0 0 0 0 0 0 0 0 1 0 0 1 0 0 1