2021-11-04T16:21:37-05:00 2020-12-31 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2020-01-01 520607956 ASBURY ATLANTIC INC ASBU 3012502100 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 ANDREW JEANNERET TREASURER 3012502100 2021-11-03 1 ANDREW JEANNERET 999009999 JOHN NORMAN P01506766 4104530900 2021-11-03 2 AAL1 IAL1 2020 2022-09-23 18:48:47Z DOUG LEIDIG 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 238765146 0 X WWW.ASBURYMETHODISTVILLAGE.ORG X 1945 MD DOING ALL THE GOOD WE CAN BY CREATING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. 5 1 1817 138 0 0 6369965 13001834 164912958 164996830 2849178 4058460 263108 213592 174395209 182270716 2493080 3730834 0 0 61776438 62205000 0 0 580177 94974267 100627565 159243785 166563399 15151424 15707317 494519761 494202745 600269213 577997404 -105749452 -83794659 X OUR MISSION IS TO DO ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. 0 0 53218100 0 54967524 SKILLED NURSING FACILITIES: OPERATION OF 4 SKILLED NURSING FACILITIES (SNF'S) FOR THE AGED WITH 454 TOTAL BEDS PROVIDING 136,099 DAYS OF SERVICE IN 2020.$17,440,226 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF IN 2020. 57005354 293315 81603316 RESIDENTIAL LIVING FACILITIES: OPERATION OF 1,677 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 557,177 DAYS OF SERVICE IN 2020. $293,315 OF BENEVOLENT CARE AND $94,258 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS DURING 2020. ALSO SUPPLIED WELLNESS. 20132466 3437519 28425990 ASSISTED LIVING FACILITIES: OPERATION OF 4 ASSISTED LIVING FACILITIES FOR THE AGED WITH 292 TOTAL SUITES PROVIDING 97,613 RESIDENT DAYS IN 2020. $3,437,519 OF BENEVOLENT CARE AND $123,218 CONTRACTUAL ALLOWANCES WERE PROVIDED TO THE ASSISTED LIVING RESIDENTS IN 2020. 130355920 1 1 0 1 0 0 1 0 0 1 1 0 0 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 1817 1 0 0 0 0 0 0 0 0 0 0 0 0 X 5 1 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X ANDREW JEANNERET CFO 3012502100 5285 WESTVIEW DRIVE FREDERICK MD 21703 X JEFFREY ERNICO CHAIR 2.00 0.00 X X 0 11250 0 CAROLYN STAMATAKIS VICE CHAIR 2.00 0.00 X X 0 11250 0 LOUIS GRAMMES DIRECTOR 2.00 0.00 X 0 7500 0 RICHARD FINDLEY DIRECTOR 2.00 0.00 X 0 0 0 SUE DACAMARA ASST. SECRETARY/EX-OFFICIO 1.00 59.00 X X 0 488597 25532 MANNY OCASIO COLON ASST. SECRETARY 1.00 59.00 X 0 322503 23656 DOUG LEIDIG PRESIDENT 1.00 59.00 X 0 675264 22952 ANDREW JOSEPH ASST. SECRETARY 1.00 59.00 X 0 329051 26344 ANDREW JEANNERET TREASURER 1.00 59.00 X 0 458171 26341 POTTER MICHELE EXEC. DIR. (AMV) 50.00 0.00 X 225307 0 8847 FRIEDMAN KELLY S EXEC. DIR. (SOLOMONS) 50.00 0.00 X 203965 0 18065 GRUNDUSKY BRIAN D EXEC. DIR. (BV) 50.00 0.00 X 215607 0 20813 GIBSON JANE E EXEC. DIR. (SPRINGHILL) 50.00 0.00 X 192065 0 7545 KARISH RACHEL S ADMINISTRATOR, AMV 40.00 0.00 X 167345 0 18600 WOOD GENEVIEVE M DIRECTOR, MARKETING & SAL 40.00 0.00 X 147830 0 1022 LEITER TIMOTHY R DIRECTOR, HR 40.00 0.00 X 138291 0 7317 MAYERNICK SUSAN P VP DEVELOPMENT - BV 40.00 0.00 X 133050 0 18980 LIVELY HENRI B B-ADMINISTRATOR HEALTH, BV 40.00 0.00 X 131008 0 18335 1554468 2303586 244349 44 0 1 0 SODEXO INC AND AFFILIATES PO BOX 360170 PITTSBURGH PA 152626170 DINING, MAINT, HSKPNG, LAUNDRY 18650081 FLAGSHIP REHABILITATION SERVICES 157 BALTIMORE ST STE 200 CUMBERLAND MD 21502 OT, PT, ST THERAPIES 4467511 WAGMAN CONSTRUCTION INC 3290 SUSQUEHANNA TRAIL NORTH YORK PA 17406 CONSTRUCTION COMPANY 3648985 TRADEMARK DESIGN AND BUILD 18404 BRIGHT PLUME TERRACE BOYDS MD 20841 CONSTRUCTION COMPANY 1886124 CORE BTS INC PO BOX 774419 4419 SOLUTIONS CENTE CHICAGO IL 606774004 IT MANAGED SERVICE PROVIDER 1661967 65 7424227 5577607 13001834 NET RESIDENT REVENUE 623000 109873118 109873118 MEDICARE/MEDICAID PAYM 623000 27467166 27467166 AMORTIZATION OF ENTRAN 623000 26012930 26012930 OTHER OPERATING REVENU 623000 1643616 1643616 164996830 3207079 3207079 300834 87242 213592 213592 213592 57258569 56391269 15919 867300 -15919 851381 851381 182270716 164996830 0 4272052 3730834 3730834 892214 892214 52096514 44273273 7302276 520965 1928650 1587713 321650 19287 3295137 2020727 1274410 3992485 3370225 582335 39925 13471130 13471130 146202 146202 122205 122205 10809307 10625697 183610 1341682 1309673 32009 5006041 3444554 1561487 2990477 27422 2963055 6273486 6273486 29669 12495 17174 9770555 9657097 113458 26284271 26151569 132702 1398587 1398587 REPAIRS & MAINTENANCE 5612236 5461902 150334 FOOD 5578634 5573122 5512 MEDICAL SUPPLIES/PHARMA 5282972 5282560 412 TAXES(PROPERTY & OTHER) 4046569 20083 4026486 2463542 1533488 930054 166563399 130355920 35627302 580177 1880093 1512417 41039108 47835724 5607148 4658259 3606203 3065987 192825 235640 2718871 3195563 632112627 349480465 283950933 282632162 62262371 58845178 93262209 92221815 494519761 494202745 6474098 7630227 167681481 164859457 233962609 224946576 42882 35411 192108143 180525733 600269213 577997404 X -139546832 -115484944 33797380 31690285 -105749452 -83794659 494519761 494202745 X 15707317 6843050 -595574 X X 0 1 X 1 0 X 3186616 5128326 1232054 6369965 13001834 28918795 129444214 150180199 158431181 164912958 164996830 767965382 132630830 155308525 159663235 171282923 177998664 796884177 87385 152911 9746 250042 0 87385 152911 9746 250042 796634135 1923550 2333882 4582700 4004294 3507913 16352339 1923550 2333882 4582700 4004294 3507913 16352339 134554380 157642407 164245935 175287217 181506577 813236516 0.97960 0.97980 0.02010 0.01990 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 9210 9210 0 PART II-B, LINE 1: A PORTION OF ASBURY ATLANTIC'S DUES TO LEADINGAGE WERE FOR USED FOR ADVOCACY ISSUES RELATED TO RESIDENTIAL AND HEALTHCARE SERVICES FOR THE AGED. X 1 0 0 1 X 28225790 28225790 27416713 809077 28225790 25719301 1697412 27416713 24864870 854431 25719301 24829939 34931 24864870 0 1 1 19891802 19891802 420528923 243078106 177450817 26257219 13865462 12391757 153574701 92536897 61037804 11859982 11859982 282632162 INTEREST IN NET ASSETS OF FOUNDATION 24222485 DEFERRED MARKETING COSTS 693642 OTHER RECEIVABLE 421294 DUE FROM ACOMM 65557943 DEPOSITS AND OTHER ASSETS 35411 RIGHT OF USE ASSETS 1291040 92221815 REFUNDABLE FEES 4191199 OBLIGATION-DEFERRED GIVING 301249 CONTINGENT REFUNDABLE ENTRANCE FEE LIABILITY 170893850 DEPOSITS FROM PROSPECTIVE RESIDENTS 3487374 VALUATION OF SWAP AGREEMENTS 361021 LEASES PAYABLE 1291040 180525733 X 186099850 6843050 -3013916 3829134 182270716 0 182270716 162919807 87242 87242 162832565 3730834 3730834 166563399 PART II, LINE 3: ASBURY ATLANTIC, INC. HAS A 15 ACRE FOREST CONSERVATION EASEMENT WITH THE CITY OF GAITHERSBURG, MD THAT PRESERVES TREES, TREE CANOPY AND FORESTS. ASBURY ATLANTIC, INC. DOES NOT REPORT CONSERVATION EASEMENTS IN ITS FINANCIAL STATEMENTS. THERE ARE NO REVENUES, EXPENSES OR ASSETS RELATED TO THIS CONSERVATION EASEMENT. PART IV, LINE 2B: ASBURY ATLANTIC, INC. HOLDS AND MANAGES RESIDENT TRUST FUND ACCOUNTS THAT ARE USED FOR PERSONAL ITEMS FOR THE RESIDENTS. ASBURY ATLANTIC, INC. IS ACTING IN A FIDUCIARY ROLE AND IS LIABLE FOR THE FUNDS IN THE RESIDENT TRUST FUND. PART V, LINE 4: THE INTENDED USE OF THE ENDOWNMENT FUND IS TO SUPPORT BENEVOLENT CARE. PART X, LINE 2: ASBURY ATLANTIC 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 COMPENSATION COMMITTEE ALSO HIRES OUTSIDE COUNSEL TO ADVISE THE COMPANY ON COMPLIANCE. 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: RENT EXPENSE 87,242. VALUE CHANGES IN DERIVATIVE INSTRUMENTS -293,608. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION 964,336. CHANGE IN VALUE OF OBLIGATIONS UNDER CHARITABLE GIFT ANNUITIES -41,052. BENEVOLENT CARE -3,730,834. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 87,242. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE 3,730,834. 1 BENEVOLENT CARE FOR ASSISTED LIVING AND RESIDENTIAL LIVING RESIDENTS 66 3730834 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. ONCE THE APPLICATION IS REVIEWED, THE EXECUTIVE DIRECTOR WILL APPROVE OR DENY ELIGIBILITY. 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 1 0 0 0 DOUG LEIDIG PRESIDENT 0 508594 0 148028 0 18642 0 14250 0 8702 0 698216 0 0 SUE DACAMARA ASST. SECRETARY/EX-OFFICIO 0 401607 0 84029 0 2961 0 14250 0 11282 0 514129 0 0 ANDREW JEANNERET TREASURER 0 353529 0 102971 0 1671 0 14250 0 12091 0 484512 0 0 ANDREW JOSEPH ASST. SECRETARY 0 278802 0 49566 0 683 0 13502 0 12842 0 355395 0 0 MANNY OCASIO COLON ASST. SECRETARY 0 265726 0 56135 0 642 0 11496 0 12160 0 346159 0 0 GRUNDUSKY BRIAN D EXEC. DIR. (BV) 186180 0 29158 0 269 0 10045 0 10768 0 236420 0 0 0 POTTER MICHELE EXEC. DIR. (AMV) 209896 0 15000 0 411 0 0 0 8847 0 234154 0 0 0 FRIEDMAN KELLY S EXEC. DIR. (SOLOMONS) 175237 0 28350 0 378 0 10238 0 7827 0 222030 0 0 0 GIBSON JANE E EXEC. DIR. (SPRINGHILL) 161302 0 29842 0 921 0 6700 0 845 0 199610 0 0 0 KARISH RACHEL S ADMINISTRATOR, AMV 159656 0 7561 0 128 0 8529 0 10071 0 185945 0 0 0 MAYERNICK SUSAN P VP DEVELOPMENT - BV 129309 0 3575 0 166 0 7123 0 11857 0 152030 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 PRESIDENT, COO, CFO, GENERAL COUNSEL, CHRO AND CHIEF GROWTH OFFICER PARTICIPATE IN A 457(F) PLAN. THERE WAS A PLAN DISTRIBUTION OF $257,135 TO THE CHIEF GROWTH OFFICER IN 2020. THERE WERE NO OTHER PLAN DISTRIBUTIONS. PART I, LINE 6 THE EXECUTIVE DIRECTOR'S INCENTIVE COMPENSATION IS BASED IN PART UPON THE OPERATING RATIO OF THE FACILITY. THE OPERATING RATIO MEASURES WHETHER CURRENT YEAR CASH OPERATING REVENUES ARE SUFFICIENT TO COVER CURRENT YEAR OPERATING EXPENSES. A CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA) 236003119 230614GK9 2012-10-31 52585767 CURRENT REFUNDING 0 0 0 B CITY OF GAITHERSBURG (MD) 526000792 363128CUI 2018-10-01 105744965 CURRENT REFUNDING 0 0 0 C CITY OF GAITHERSBURG 526000792 2019-11-08 16009000 CURRENT REFUNDING 0 0 0 D CUMBERLAND COUNTY MUNICIPAL AUTHORITY 236003119 230614PE3 2019-12-31 63444415 CURRENT REFUNDING 0 0 0 A 4555767 52585767 2339434 1051715 49194618 2012 1 0 1 1 B 9649965 105744965 8469375 624780 7508636 89142174 2018 1 0 1 1 C 4659000 16009000 5000000 11009000 2019 1 0 1 1 D 4844415 63444415 5284147 1155121 57005147 2019 1 0 1 1 A 0 1 1 1 0 0 0 0 B 0 1 1 1 0 0.00400 0.00400 0 0 1 C 0 1 1 1 0 0.40000 0.40000 0 0 1 D 0 1 1 1 0 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 1 0 0 0 0 1 C 0 0 0 1 1 1 SUNTRUST BANK 4.000000000000 0 0 0 0 1 D 0 0 0 1 0 0 0 0 1 A 1 B 1 C 1 D 1 SCHEDULE K, PART I, ROW B THE AMOUNT OF BONDS BENEFITING THIS ORGANIZATION IS $105,744,965.90 (OF WHICH $24,713,017.75 COUNTS AGAINST THE $150 MILLION TEST LIMITATION FOR NON-HOSPITAL BONDS). BONDS IN THE AMOUNT OF $33,005,000 ARE OUTSTANDING THAT BENEFIT THIS ORGANIZATION (OF WHICH $11,086,500 COUNTS AGAINST THE $150 MILLION LIMITATION FOR NON-HOSPITAL BONDS). THE ISSUANCE OF THE BONDS WAS APPROVED BY THE MAYOR OF THE CITY OF GAITHERSBURG ON AUGUST 6, 2018, FOLLOWING A PUBLIC HEARING HELD BY THE ISSUER ON AUGUST 6, 2018 AND BY THE COUNTY OF COMMISSIONERS OF CALVERT COUNTY ON JULY 24, 2018, FOLLOWING A PUBLIC HEARING BY THE COUNTY COMMISSIONERS OF CALVERT COUNTY ON JULY 24, 2018. SCHEDULE K, PART I, ROW C THE AMOUNT OF BONDS BENEFITTING THIS ORGANIZATION IS $16,009,000 (OF WHICH $6,275,130 COUNTS AGAINST THE $150 MILLION LIMITATION FOR NON-HOSPITAL BONDS). THE AMOUNT OF OTHER NON-HOSPITAL BONDS SUBJECT TO THE $150 MILLION LIMITATION IS $27,993,095. THE ISSUANCE OF THE BONDS WAS APPROVED BY THE MAYOR AND CITY COUNCIL OF THE CITY OF GAITHERSBURG ON SEPTEMBER 16, 2019, FOLLOWING A PUBLIC HEARING HELD BY THE ISSUER ON SEPTEMBER 16, 2019 AND BY THE COUNTY COMMISSIONERS OF CALVERT COUNTY ON SEPTEMBER 17, 2019, FOLLOWING A PUBLIC HEARING HELD BY THE COUNTY COMMISSIONERS OF CALVERT COUNTY ON SEPTEMBER 17, 2019. SCHEDULE K, PART I, ROW D THE AMOUNT OF BONDS BENEFITTING THIS ORGANIZATION IS $63,444,415 (OF WHICH $3,280,077 COUNTS AS PART OF THE $150 MILLION LIMITATION FOR NON-HOSPITAL BONDS). THE AMOUNT OF OTHER NON-HOSPITAL BONDS SUBJECT TO THE $150 MILLION LIMITATION IS $30,988,148. THE ISSUANCE OF THE BONDS WAS APPROVED BY THE CUMBERLAND COUNTY MUNICIPAL AUTHORITY ON SEPTEMBER 5, 2019. NO TEFRA APPROVAL WAS NECESSARY PURSUANT TO SECTION 147(F)(2)(D) OF THE INTERNAL REVENUE CODE SINCE THE WEIGHTED AVERAGE MATURITY OF THE BONDS DID NOT EXCEED THE REMAINING WEIGHTED AVERAGE MATURITY OF THE BONDS BEING REFUNDED. FORM 990, PART III, LINE 4 AS PART OF ASBURY COMMUNITIES, ASBURY ATLANTIC PLEDGES EACH DAY TO MAKE A DIFFERENCE IN THE LIVES OF THOSE WE SERVE AND TO SERVE AS A PARTNER FOR GOOD IN THE COMMUNITY AT LARGE. WE HONOR OUR LEGACY THROUGH SUPPORTING AND PARTNERING WITH CHARITABLE AND COMMUNITY ORGANIZATIONS, EDUCATIONAL INSTITUTIONS, AND AGING SERVICES AND HEALTH PROVIDERS. AT ASBURY ATLANTIC, OUR EFFORTS ARE PRIMARILY FOCUSED ON: -SUPPORTING SENIOR WELLNESS IN THE REGIONS WHERE WE OPERATE -TRAINING THE NEXT GENERATION OF AGING SERVICES PROFESSIONALS -BENEVOLENT CARE PROVIDING PEACE OF MIND FOR RESIDENTS BENEVOLENT CARE: A CORNERSTONE OF LIVING OUR MISSION IS ENSURING THAT RESIDENTS WHO OUTLIVE THEIR FINANCIAL RESOURCES CAN REMAIN IN THEIR HOME AT ASBURY. THE ASBURY FOUNDATION, A 501(C)(3) NOT-FOR-PROFIT ORGANIZATION THAT SECURES PHILANTHROPIC SUPPORT TO SUPPORT THE MISSION AND ENHANCE QUALITY OF LIFE FOR OLDER ADULTS SERVED BY THE ASBURY SYSTEM, WAS ESTABLISHED TO SUPPORT THESE EFFORTS. ASBURY PROVIDES FINANCIAL SUPPORT TO RESIDENTS WHO OUTLIVE THEIR RESOURCES THROUGH NO FAULT OF THEIR OWN. WHILE COMMUNITY BENEFIT ACTIVITIES WERE LIMITED IN 2020 BY THE EFFECTS AND SAFETY PROTOCOLS IN PLACE REGARDING COVID-19, BELOW ARE A FEW HIGHLIGHTS AT EACH ASBURY ATLANTIC COMMUNITY: ASBURY METHODIST VILLAGE: AMV DONATED MEETING SPACE FOR MEALS ON WHEELS AND THE MONTGOMERY COUNTY COALITION FOR THE HOMELESS SHELTER WITH FOOD. OVER 80 HOURS OF TIME WAS DONATED TO SERVE OVER 16,000 PEOPLE. BETHANY VILLAGE: BETHANY VILLAGE PROVIDED TRAINING FOR CERTIFIED NURSING ASSISTANTS, LICENSED PRACTICAL NURSES, REGISTERED NURSES STUDENTS, AND SOCIAL WORK STUDENTS SHIPPENSBURG UNIVERSITY, HARRISBURG AREA COMMUNITY COLLEGE, WELLSPAN HEALTH SYSTEM AND MESSIAH COLLEGE. ADDITIONALLY, IN CONJUNCTION WITH COMMUNITY AID, BETHANY VILLAGE ASSOCIATES COLLECTED, STORED AND ARRANGED FOR PICK-UP OF DONATED CLOTHING. THE WELLNESS DEPARTMENT PROVIDED FREE MEMBERSHIP TO RESIDENTS OF BETHANY TOWERS FOR USE OF THE POOL, FITNESS ROOM OR FITNESS CLASSES. ASSOCIATES ALSO HOSTED AND FACILITATED MONTHLY MEETINGS FOR THE ALZHEIMERS ASSOCIATION SUPPORT GROUP. THE EXECUTIVE DIRECTOR OF BETHANY VILLAGE SERVES ON THE LEADING AGE PA BOARD OF DIRECTORS. BV ALSO PARTNERED WITH THE UNITED CELEBRAL PALSY ORGANIZATION AND DONATED REFURBISHED MEDICAL EQUIPMENT TO PEOPLE IN NEED. SPRINGHILL: SPRINGHILL PROVIDED EDUCATION, TRAINING AND RESEARCH ASSISTANCE FOR NURSING AND REHABILITATIVE THERAPY STUDENTS AT GANNON AND MERCYHURST UNIVERSITIES. SH ASSOCIATES ALSO PARTICIPATED IN THE ADOPT-A-HIGHWAY HIGHWAY CLEAN- UP PROJECT, WERE ACTIVE MEMBER OF THE ALZHEIMER'S ASSOCIATION AND ALZHEIMER'S ASSOCIATION SUPPORT GROUP, HELD TWO MONTHLY PARKINSON'S PARTNERS SUPPORT GROUP MEETINGS THAT SUPPORT RESIDENTS IN THE COMMUNITY AND INDIVIDUALS OUTSIDE THE COMMUNITY THAT CARE FOR OR HAVE PARKINSON'S AND ACT AS BOARD MEMBERS FOR LOCAL NONPROFITS. SPRINGHILL ALSO DONATED MEETING SPACE TO MULTIPLE GROUPS PRIOR TO THE START OF THE COVID-19 PANDEMIC. ASBURY SOLOMONS: ASBURY SOLOMON'S PROVIDED MORE THAN 50 VOLUNTEER HOURS TO THE AREA CHAPTER OF ALZHEIMER'S ASSOCIATION AND THEIR ANNUAL WALK EVENT. AS ALSO DONATED SPACE TO VARIOUS COMMUNITY ORGANIZATIONS FOR THEIR MEETINGS AND REHEARSALS, INCLUDING $1500 WORTH OF DONATED GOODS AND SERVICES FOR THE MARDI GRAS FOR CALVERT HOSPICE EVENT. MULTIPLE ASSOCIATES ALSO VOLUNTEERED WITH THE COMMISSION ON AGING AND LEADING AGE. ADDITIONALLY, THE EXECUTIVE DIRECTOR VOLUNTEERED MORE THAN 50 HOURS TO THE BENHA BOARD AND STANDING DISCIPLINARY COMMITTEE. FORM 990, PART VI, SECTION A, LINE 1 THE CORPORATION MAY HAVE AN EXECUTIVE COMMITTEE AS SET FORTH HEREIN. THE CHAIR OF THE BOARD OF DIRECTORS SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE AND MAY APPOINT TWO (2) ADDITIONAL DIRECTORS TO SERVE ON THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MAY ACT IN PLACE OF THE BOARD WHEN THERE IS BUSINESS OF THE CORPORATION TO BE TRANSACTED BETWEEN REGULAR MEETINGS AND CONVENING A SPECIAL MEETING WAS DEEMED BY THE CHAIR TO NOT BE NECESSARY OR POSSIBLE. THE FULL BOARD WILL BE NOTIFIED WITHIN FIFTEEN (15) DAYS OF ANY ACTIONS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WILL HAVE NO POWER TO TAKE ACTION THAT IS RESTRICTED BY APPLICABLE LAW. FORM 990, PART VI, SECTION A, LINE 4 ON DECEMBER 3, 2020, THE CORPORATION'S BOARD OF DIRECTORS APPROVED AMMENDMENTS TO THE CORPORATION'S BYLAWS. THE HIGHLIGHTS OF THE SIGNIFICANT CHANGES ARE AS FOLLOWS: -ARTICLE II PURPOSE WAS SHORTENED TO BETTER SUMMARIZE THE CORPORATION'S PURPOSE AS FOLLOWS: "THE PURPOSE OF THE CORPORATION IS TO PROVIDE SENIOR LIVING, HEALTH, AND RELATED SERVICES TO THE AGED POPULATION CONSISTENT WITH THE CORPORATION'S STATED MISSION." -ARTICLE IV SUPPORTING ORGANIZATION & RESERVED POWERS WAS AMENDED TO ADD THE FOLLOWING RESERVED POWERS OF ASBURY COMMUNITIES, INC.: 1. REMOVAL OF ANY MEMBER(S) OF THE CORPORATION BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE 2. FILLING OF VACANCIES ON THE CORPORATION BOARD OF DIRECTORS 3. APPROVAL OF THE BUDGET OF THE CORPORATION, BOTH OPERATING AND CAPITAL 4. AUTHORITY AND RESPONSIBILITY TO APPROVE ANY PROPOSED PROJECT FOR THE DEVELOPMENT OF A NEW PRODUCT AND/OR FACILITY BY THE CORPORATION 5. AUTHORITY TO APPROVE EACH INCURRENCE OF INDEBTEDNESS OF THE CORPORATION WITH A REPAYMENT TERM THAT IS IN EXCESS OF FIVE (5) YEARS AND IS SECURED BY THE ASSETS OF THE CORPORATION, EXCEPT FOR NON-RECOURSE DEBT WHICH IS SECURED BY ONE OR MORE PIECES OF EQUIPMENT THAT IS THE SUBJECT OF THE NON-RECOURSE DEBT 6. AUTHORITY TO APPOINT THE AUDITOR, INSURANCE BROKER, INVESTMENT ADVISOR, AND DETERMINE THE FISCAL YEAR OF THE CORPORATION -ARTICLE VI BOARD OF DIRECTORS, SECTION 3 NUMBER OF DIRECTORS AND ELECTION WAS AMENDED TO STATE THAT THE BOARD OF DIRECTORS WILL CONSIST OF NOT LESS THAN THREE (3) NOR MORE THAN NINE (9) VOTING MEMBERS, RATHER THAN A MINIMUM OF 7 VOTING MEMBERS AND MAXIMUM OF 15 VOTING MEMBERS AS PREVIOUSLY STATED. -ARTICLE VI BOARD OF DIRECTORS, SECTION 4 TERM WAS AMENDED TO STATE THAT DIRECTOR TERMS ARE FOR 1 YEAR, RATHER THAN 3 AS PREVIOUSLY STATED. ADDITIONALLY, TERM LIMITS WERE REMOVED. PREVIOUSLY, A DIRECTOR COULD SERVE A MAXIMUM OF 3 TERMS, OR 9 CONSECUTIVE YEARS. -ARTICLE VI BOARD OF DIRECTORS, SECTION 5 RESIGNATION WAS AMENDED TO STATE THAT A RESIGNATION NOTICE MAY BE DELIVERED TO THE CHAIR OF THE BOARD OF DIRECTORS OR SECRETARY, RATHER THAN JUST THE CHAIR OF THE BOARD AS PREVIOUSLY STATED. -ARTICLE VI BOARD OF DIRECTORS, SECTION 12 ATTENDANCE WAS AMENDED TO STATE THAT ALL DIRECTORS MUST ATTEND A MINIMUM OF 75% OF THE REGULAR MEETINGS HELD IN A CALENDAR YEAR, RATHER THAN 50% AS PREVIOUSLY STATED. -ARTICLE VII OFFICERS, SECTION 3 TERM WAS AMENDED TO REMOVE TERM LIMITS FOR THE CHAIR. PREVIOUSLY, AN INDIVIDUAL WHO HAS SERVED AS CHAIR FOR THREE (3) CONSECUTIVE YEARS SHALL BE ELIGIBLE FOR RE-ELECTION AFTER A THREE (3) YEAR ABSENCE FROM SUCH POSITION. -ARTICLE VIII COMMITTEES, SECTION 1 EXECUTIVE COMMITTEE WAS SHORTENED AS FOLLOWS: "THE CORPORATION MAY HAVE AN EXECUTIVE COMMITTEE AS SET FORTH HEREIN. THE CHAIR OF THE BOARD OF DIRECTORS SHALL SERVE AS CHAIR OF THE EXECUTIVE COMMITTEE AND MAY APPOINT TWO (2) ADDITIONAL DIRECTORS TO SERVE ON THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE MAY ACT IN PLACE OF THE BOARD WHEN THERE IS BUSINESS OF THE CORPORATION TO BE TRANSACTED BETWEEN REGULAR MEETINGS AND CONVENING A SPECIAL MEETING WAS DEEMED BY THE CHAIR TO NOT BE NECESSARY OR POSSIBLE. THE FULL BOARD WILL BE NOTIFIED WITHIN FIFTEEN (15) DAYS OF ANY ACTIONS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WILL HAVE NO POWER TO TAKE ACTION THAT IS RESTRICTED BY APPLICABLE LAW." FORM 990, PART VI, SECTION A, LINE 6 ASBURY ATLANTIC HAS ONE MEMBER. THE SOLE MEMBER IS ASBURY COMMUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 7A ASBURY COMMUNITIES, INC IS THE SOLE MEMBER OF ASBURY ATLANTIC AND ELECTS THE GOVERNING BODY. 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) APPROVAL OF THE BUDGET OF THE CORPORATION, BOTH OPERATING AND CAPITAL; (6) AUTHORITY AND RESPONSIBILITY TO APPROVE ANY PROPOSED PROJECT FOR THE DEVELOPMENT OF A NEW PRODUCT AND/OR FACILITY BY THE CORPORATION; (7) AUTHORITY TO APPROVE EACH INCURRENCE OF INDEBTEDNESS OF THE CORPORATION WITH A REPAYMENT TERM THAT IS IN EXCESS OF FIVE (5) YEARS AND IS SECURED BY THE ASSETS OF THE CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B ASBURY COMMUNITIES, INC. , THE SOLE MEMBER OF ASBURY ATLANTIC, INC., DELEGATES REVIEW OF THE FORM 990 TO ITS GOVERNANCE AND COMPLIANCE COMMITTEE WHICH PERFORMED ITS REVIEW ON 10/20/21. ADDITIONALLY, ASBURY COMMUNITIES, INC. BOARD OF DIRECTORS WAS FORWARDED A COPY OF THE DRAFT 990 FOR REVIEW AND WAS PROVIDED A LINK TO A RECORDING OF THE GOVERNANCE AND COMPLIANCE COMMITTEE 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 GOVERNANCE AND COMPLIANCE COMMITTEE. 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 COMPLIANCE COMMITTEE AND REPORTS QUARTERLY TO THE GOVERNANCE AND COMPLIANCE COMMITTEE, ANALYZES ALL DISCLOSURE FORMS FOR POTENTIAL CONFLICTS, AND PREPARES A REPORT FOR THE SYSTEM-WIDE GOVERNANCE AND COMPLIANCE COMMITTEE. A REPORT WAS MADE TO THE BOARD THAT THERE WERE NO CONFLICTS DURING 2020. WHEN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES INVOLVING A BOARD OR COMMITTEE MEMBER, THE GOVERNANCE AND COMPLIANCE COMMITTEE IS INFORMED AND WILL FOLLOW SPECIFIC PROTOCOL OUTLINED IN THE CONFLICT OF INTEREST POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 ON AN ANNUAL BASIS, THE COMPENSATION AND BENEFITS 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 AND BENEFITS 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 AND BENEFITS 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 AND BENEFITS COMMITTEE CHARTER, THE EXECUTIVE COMPENSATION PHILOSOPHY, AND THE EXECUTIVE INCENTIVE PLAN WERE REVIEWED MOST RECENTLY IN 2020. FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. 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 ATLANTIC, 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 2020 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. FORM 990, PART XI, LINE 9: NET UNREALIZED GAIN ON CHANGE IN MARKET VALUE OF DERIVATIVE INSTRUMENTS -293,608. TRANSFER TO ACOMM -1,225,250. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION 964,336. CHANGE IN VALUE OF OBLIGATIONS UNDER CHARITABLE GIFT ANNUITIES -41,052. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN OVERSIGHT PROCESS FROM THE PRIOR YEAR. ASBURY COMMUNITIES INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 521862677 MANAGEMENT SERVICES MD 501(C)(3) LINE 12C, III-FI 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 HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 0 ASBURY INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 620630670 HOUSING AND HEALTHCARE FOR OLDER ADULTS TN 501(C)(3) LINE 10 ASBURY COMMUNITIES INC 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 INC 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 TECHNOLOGY & MANAGEMENT SERVICES DE ASBURY COMMUNITIES INC C 0 THE ASBURY GROUP INTEGRATED TECHNOLOGIES LLC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 262896175 INFOR & CNSLT SVCS DE ASBURY COMMUNITIES INC C 0 IVA INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 562362361 HOLDS LIQOUR LICENSES OK ASBURY ATLANTIC C 1.00000 1 0 0 1 1 0 0 0 0 0 1 0 0 1 0 0 1 0 1 0