2018-11-06T15:55:54-06:00 2017-12-31 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2017-01-01 731539802 INVERNESS VILLAGE AN OKLAHOMA NOT-FOR- PROFIT INVE 9184819988 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 KIM EHRENFRIED ASSISTANT TREASURER 9184819988 2018-10-23 1 JOHN NORMAN P01506766 4104530900 2018-10-18 67.137.57.251 2018-10-23 16:38:56 ED P 1CC97E19E024F450F17B6EFDB094B1F77DAAE223 85B9997AADF14A140E17A393DEEE4F99E0CB7F93 2017 2019-02-21 02:37:17Z DR MIKE MITCHELL 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 25838666 0 X WWW.INVERNESSVILLAGE.COM X 1998 OK DOING ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. 9 6 298 76 0 0 345848 493807 18488162 19000152 -119993 747926 34438 27863 18748455 20269748 0 0 0 0 7549697 7404901 0 0 133912 16489146 17090788 24038843 24495689 -5290388 -4225941 81616010 78174661 176843024 176685484 -95227014 -98510823 X OUR MISSION IS TO DO ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. 0 0 13704317 12796334 RESIDENTIAL LIVING: OPERATION OF 256 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 81,057 RESIDENT DAYS OF SERVICE IN 2017. THE ORGANIZATION PROVIDED $605,922 OF CONTRACTUAL ALLOWANCES TO RESIDENTIAL LIVING RESIDENTS. 3446141 3405891 SKILLED NURSING FACILITY: OPERATION OF A 44 BED SKILLED NURSING FACILITY (SNF) FOR THE AGED, PROVIDING 15,318 RESIDENT DAYS OF SERVICE IN 2017. THE ORGANIZATION PROVIDED $2,208,365 OF CONTRACTUAL ALLOWANCES TO RESIDENTS IN THE SNF, INCLUDING LIFE CARE CONTRACTS. THE ORGANIZATION ALSO PROVIDED $322,921 OF BENEVOLENT CARE TO SNF RESIDENTS IN 2017. 2830993 2797927 ASSISTED LIVING FACILITY: OPERATION OF A 43 SUITE ASSISTED LIVING FACILITY FOR THE AGED, PROVIDING 15,298 RESIDENT DAYS OF SERVICE IN 2017. 19981451 1 1 0 1 0 0 0 0 0 1 1 0 0 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 7 0 298 1 0 0 0 0 0 0 0 0 0 0 X 9 6 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X X ANDREW JEANNERET CFO 3012502100 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 X JAN SLATER CHAIR 2.00 X X 0 0 0 STEVE MACKEY VICE CHAIR 2.00 X X 0 0 0 PAT BAILEY DIRECTOR 2.00 X 0 0 0 ROBERT BERRY DIRECTOR 2.00 X 0 0 0 JOHN COCKRUM DIRECTOR 2.00 X 0 0 0 ELAINE HORKEY DIRECTOR 2.00 X 0 0 0 DR KENDRA JEZEK DIRECTOR 2.00 X 0 0 0 DIXIE REPPE DIRECTOR 2.00 X 0 0 0 NORMA TYLER DIRECTOR 2.00 X 0 0 0 WAYNE WALTHALL DIRECTOR 2.00 X 0 0 0 DAVID BIXLER DIRECTOR 2.00 X 0 0 0 SUSAN DOWD DIRECTOR 2.00 X 0 0 0 KENNETH BRUNE DIRECTOR 2.00 X 0 0 0 MARK GRAY PRESIDENT-END 6/26/17 60.00 X X 147867 0 12850 SUE DACAMARA VICE PRESIDENT 1.00 57.00 X 0 434839 22112 PEGGY CRESPI KAPLAN VP, SECRETARY 1.00 60.00 X 0 368404 22065 ROBIN STERN VP, ASST SECRETARY 1.00 55.00 X 0 252531 25585 ANDREW JOSEPH ASST. SECRETARY 1.00 62.00 X 0 261634 24310 SANDRA DANIELS ASST. SECRETARY 40.00 X 59667 0 8830 DOUG LEIDIG VP, ASST. TREASURER 1.00 58.00 X 0 597728 26095 KIM EHRENFRIED ASST. TREASURER 1.00 62.00 X 0 215445 24552 RHONDA TERANTO VP, TREASURER 1.00 61.00 X 0 237315 22214 ANDREW JEANNERET VP, ASST. TREASURER 1.00 61.00 X 0 265960 7687 SHADOWOREE BETTS DIRECTOR HEALTH SERVICES 40.00 X 119448 0 20390 JANA DECKER DIRECTOR WELLNESS 40.00 X 102025 0 16187 429007 2633856 232877 3 0 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE 2498797 MILL CREEK CARPET & TILE COMPANY 6845 E 41ST STREET TULSA OK 74145 REMODELING SERVICE 484683 HARP ELECTRIC COMPANY 5009 W 62ND STREET TULSA OK 74131 ELECTRICAL WORK 453793 FLAGSHIP REHABILITATION SERVICES 157 BALTIMORE STREET SUITE 200 CUMBERLAND MD 21502 REHAB SERVICES 451257 DESIGNS UNLIMITED 1660 E 71ST ST SUITE J TULSA OK 74136 DESIGN SERVICES 426293 15 493807 493807 NET SERVICE REVENUE 623312 16007841 16007841 AMORTIZATION OF ENTRANCE FEES 623312 1356733 1356733 MEDICARE PAYMENTS 623312 1209566 1209566 OTHER OPERATING REVENUE 623312 426012 426012 19000152 176397 176397 31136 3273 27863 27863 27863 6137174 5565645 571529 571529 571529 20269748 19000152 0 775789 229214 229214 5508995 5028128 385710 95157 177828 155653 17422 4753 1064233 774735 282895 6603 424631 371361 53270 1041147 1013748 27399 264549 264549 20753 20753 1751396 1610439 140957 334406 110283 224123 744601 614406 130195 594068 9640 584428 924571 859725 64846 62165 33300 28865 3627303 3615350 11953 4149045 4135373 13672 96068 96068 FOOD 1007104 1007104 REPAIRS & MAINTENANCE 700028 679074 20954 OTHER TAXES 202926 202342 584 PHARMACY & MEDICAL SUPP 183779 181746 2033 1386879 592792 794087 24495689 19981451 4380326 133912 1914503 1112693 9280322 9062698 231055 392453 2625416 685056 32147 36395 95847 65922 96473721 38154071 59436146 58319650 5831250 5550522 2169324 2949272 81616010 78174661 2166787 2225909 19042294 23947382 64052466 62203669 91581477 88308524 176843024 176685484 X -95828051 -99599720 204769 691123 396268 397774 -95227014 -98510823 81616010 78174661 X -4225941 19909 922223 X X 0 1 X 1 0 X 264918 352804 150289 345848 493807 1607666 17633561 18090455 18395735 18488162 19000152 91608065 17898479 18443259 18546024 18834010 19493959 93215731 0 0 0 93215731 99603 243904 273379 173604 207533 998023 99603 243904 273379 173604 207533 998023 17998082 18687163 18819403 19007614 19701492 94213754 0.98940 0.99090 0.01060 0.00910 X 0 0 0 0 0 0 0 0 1 1081 1081 0 PART II-B, LINE 1: A PORTION OF INVERNESS VILLAGE'S DUES TO LEADINGAGE OKLAHOMA WERE USED FOR ADVOCACY ISSUES RELATED TO RESIDENTIAL AND HEALTHCARE SERVICES FOR THE AGED. 396268 1005 397273 355171 41097 396268 334483 20688 355171 244268 90215 334483 12889 231379 244268 1.00000 0 1 1 4543498 4543498 82292714 30436793 51855921 6874356 6124666 749690 2763153 1592612 1170541 58319650 REFUNDABLE ENTRANCE FEES 2409903 DUE TO ACOMM 36147840 DEPOSITS FROM PROSPECTIVE RESIDENTS 227500 PROJECTED REFUND OF STANDARD ENTRANCE FEES 136510 CONTINGENT REFUNDABLE ENTRANCE FEE LIABILITY 49386771 88308524 X 21215153 19909 925496 945405 20269748 0 20269748 24498962 3273 3273 24495689 0 24495689 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE BENEVOLENT CARE. PART X, LINE 2: INVERNESS VILLAGE 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. THE TAX RETURNS FOR THE YEARS 2014 TO 2016 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF ASBURY FOUNDATION, INC. 922,223. RENTAL EXPENSES 3,273. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 3,273. X X X X X X 0 0 0 0 0 0 0 0 0 MARK GRAY PRESIDENT-END 6/26/17 145626 0 1221 0 1020 0 7148 0 5702 0 160717 0 0 0 SUE DACAMARA VICE PRESIDENT 0 400139 0 30153 0 4547 0 10600 0 11512 0 456951 0 0 PEGGY CRESPI KAPLAN VP, SECRETARY 0 334915 0 25316 0 8173 0 10600 0 11465 0 390469 0 0 ROBIN STERN VP, ASST SECRETARY 0 240756 0 9703 0 2072 0 10326 0 15259 0 278116 0 0 ANDREW JOSEPH ASST. SECRETARY 0 244738 0 15750 0 1146 0 10600 0 13710 0 285944 0 0 DOUG LEIDIG VP, ASST. TREASURER 0 499059 0 86473 0 12196 0 10600 0 15495 0 623823 0 0 KIM EHRENFRIED ASST. TREASURER 0 199770 0 15032 0 643 0 9323 0 15229 0 239997 0 0 RHONDA TERANTO VP, TREASURER 0 217078 0 18410 0 1827 0 9922 0 12292 0 259529 0 0 ANDREW JEANNERET VP, ASST. TREASURER 0 215133 0 50000 0 827 0 0 0 7687 0 273647 0 0 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO AND ALL DISQUALIFIED PERSONS IS REVIEWED AND RECOMMENDED TO THE BOARD OF ASBURY COMMUNITIES, INC. BY THE COMPENSATION COMMITTEE OF THE BOARD. A THE OKLAHOMA DEVELOPMENT FINANCE AUTHORITY 731083741 67884WAJ8 2012-05-10 47718801 CURRENT REFUNDING 0 0 0 B THE OKLAHOMA DEVELOPMENT FINANCE AUTHORITY 731083741 67884WAV1 2013-07-10 23721590 CURRENT REFUNDING 0 0 0 A 8483801 47718801 4167018 954376 42597407 2012 1 0 1 1 B 23721590 1380070 474431 21867089 2013 1 0 1 1 A 0 1 1 1 0 0.00500 0.00500 0 0 1 B 0 1 1 1 0 0.00500 0.00500 0 0 1 A 0 1 0 0 0 0 0 0 1 B 0 1 0 0 0 0 0 0 1 A 1 B 1 FORM 990, PART III, LINE 4 AS PART OF ASBURY COMMUNITIES, INVERNESS VILLAGE 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 INVERNESS VILLAGE, OUR CONTRIBUTIONS ARE PRIMARILY FOCUSED ON: - SUPPORTING SENIOR WELLNESS IN THE REGIONS WHERE WE OPERATE; AND - TRAINING THE NEXT GENERATION OF AGING SERVICES PROFESSIONALS. 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. HIGHLIGHTS OF THIS YEAR'S COMMUNITY BENEFIT ACCOMPLISHMENTS AT INVERNESS VILLAGE INCLUDE THE FOLLOWING: IN SUPPORT OF THE LOCAL COMMUNITY AND SENIOR SERVICES, INVERNESS VILLAGE MADE SIGNIFICANT CONTRIBUTIONS. INVERNESS VILLAGE DONATED MEDICATIONS TO INDIGENT POPULATIONS AND THE UNINSURED IN THE TULSA AREA THROUGH THE TULSA COUNTY PHARMACY. THE INVERNESS BUS DRIVER PROVIDED TRANSPORTATION ON TEN OCCASIONS FOR RESIDENTS FROM VINTAGE HOUSING TO AREA RESTAURANTS FOR DINNER. DURING 2017, INVERNESS VILLAGE CONDUCTED A FOOD DRIVE WHICH INCLUDED A FUN RUN, PIE THROW, AND CELEBRATION PICNIC FOR CATHOLIC CHARITIES OF TULSA. $6,223 WAS RAISED AND 5,119 POUNDS OF FOOD WERE DONATED. INVERNESS DONATED FOOD AND SERVICE TO THE TULSA DAY CENTER FOR THE HOMELESS MONTHLY FROM JANUARY THROUGH AUGUST THAT PROVIDED DINNER FOR 175 PEOPLE EACH MONTH. INVERNESS DONATED SPACE TO VARIOUS COMMUNITY ORGANIZATIONS THROUGHOUT THE YEAR FOR THEIR MEETINGS. ALSO, INVERNESS VILLAGE DONATED $1,000 TO PROVIDE SCHOLARSHIPS FOR CHILDREN WITH DISABILITIES TO ATTEND A WEEK LONG DAY CAMP AT HOPE'S CROSSING CAMP. IN THE AREA OF TRAINING THE NEXT GENERATION OF SENIOR CARE LEADERS, THE DIRECTOR OF WELLNESS SPOKE TO OSU STUDENTS REGARDING TRENDS IN THE AGING INDUSTRY AND SUCCESSFUL AGING. IN 2017, THE CAMPUS WELLNESS DIRECTOR HELD MOCK INTERVIEWS AND EVALUATIONS FOR OSU STUDENTS CLOSE TO GRADUATION. THE WELLNESS DIRECTOR ALSO SPOKE AT THE LEADING AGE OK CONFERENCE AROUND AGEISM'S IMPACT ON OUTCOMES AND ENGAGEMENT AND ALSO SERVED AS GUEST LECTURER TO A GERONTOLOGY CLASS AT OKLAHOMA STATE UNIVERSITY ON FOUR OCCASIONS. AND, FINALLY, IN THE AREA OF ENVIRONMENTAL SUSTAINABILITY, INVERNESS RECYCLED 34,100 POUNDS OF MATERIALS DURING 2017 WITH SHOW, INC., A RECYCLING COMPANY WHICH HIRES PEOPLE WITH DEVELOPMENTAL DISABILITIES. FORM 990, PART VI, SECTION A, LINE 1 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 INVERNESS VILLAGE HAS ONE MEMBER, ASBURY COMMUNITIES, INC. FORM 990, PART VI, SECTION A, LINE 7A ASBURY COMMUNITIES, INC. IS THE SOLE MEMBER OF INVERNESS VILLAGE AND ELECTS THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ONLY CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO ASBURY COMMUNITIES 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. FORM 990, PART VI, SECTION B, LINE 11B ASBURY COMMUNITIES, INC. IS THE SOLE MEMBER OF ASBURY ATLANTIC, INC., ASBURY-SOLOMONS, INC., INVERNESS VILLAGE, AN OKLAHOMA NOT FOR PROFIT CORPORATION, ASBURY HCBS, INC., CALVERT COUNTY NURSING CENTER, INC., BETHANY DEVELOPMENT CORPORATION, AND ASBURY COMMUNITIES, INC. HAS A SYSTEM WIDE AUDIT AND COMPLIANCE COMMITTEE. THE ASBURY COMMUNITIES, INC. BOARD OF DIRECTORS HAS DELEGATED A REVIEW OF THE FORM 990 TO THE SYSTEM AUDIT AND COMPLIANCE COMMITTEE WHICH PERFORMED THEIR REVIEW ON 9/27/18. THE ASBURY COMMUNITIES, INC., FOUNDATION, ASBURY ATLANTIC, ASBURY SOLOMONS, ASBURY COMMUNITIES HCBS, CALVERT COUNTY NURSING CENTER, BETHANY DEVELOPMENT CORPORATION, AND INVERNESS VILLAGE BOARD OF DIRECTORS WERE FORWARDED A COPY OF THEIR RESPECTIVE DRAFT FORM 990 FOR THEIR REVIEW AND PROVIDED A LINK TO A RECORDING OF THE AUDIT 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 AUDIT 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 MANAGEMENT POSITIONS. EACH PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE FORM AND IS ADVISED OF THEIR FIDUCIARY OBLIGATIONS. THE COMPLIANCE OFFICER, WHO HAD A DIRECT REPORTING LINE TO THE CHAIR OF THE AUDIT AND COMPLIANCE COMMITTEE AND REPORTS QUARTERLY TO THE AUDIT AND COMPLIANCE COMMITTEE, ANALYZES ALL DISCLOSURE FORMS FOR POTENTIAL CONFLICTS, AND PREPARES A REPORT FOR THE AUDIT AND COMPLIANCE COMMITTEE. A REPORT WAS MADE TO THE BOARD THAT THERE WERE NO CONFLICTS DURING 2017. WHEN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES INVOLVING A BOARD OR COMMITTEE MEMBER, THE AUDIT AND COMPLIANCE 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 THE COMPENSATION COMMITTEE MEETS WITH THE INDEPENDENT COMPENSATION CONSULTANT, AND BASED ON INFORMATION PROVIDED TO THE COMMITTEE MAKES RECOMMENDATIONS REGARDING COMPENSATION AND BENEFITS TO THE EXECUTIVE COMMITTEE WHICH IS CHARGED BY THE FULL BOARD WITH DECISIONS REGARDING COMPENSATION. THE INDEPENDENT COMPENSATION CONSULTANTS AND ATTORNEY ARE ALSO PRESENT AT THE MEETING OF THE EXECUTIVE COMMITTEE AT WHICH THE EXECUTIVE COMMITTEE CONSIDERS THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. AT THIS MEETING THE EXECUTIVE COMMITTEE RECEIVES ALL OF THE SAME INFORMATION WHICH WAS PRESENTED TO THE COMPENSATION COMMITTEE AND HAS THE OPPORTUNITY TO ASK QUESTIONS AND EVALUATE THE MATERIALS. THE FULL BOARD(S) OF ASBURY COMMUNITIES HAS A PRESENTATION ONCE A YEAR ON EXECUTIVE COMPENSATION AND BENEFITS. THE PRESIDENT IS PRESENT TO GIVE BOARD MEMBERS AN OPPORTUNITY TO ASK QUESTIONS AND TO PROVIDE SALARIES AND GRADE LEVELS FOR THEIR REVIEW. THE SYSTEM WIDE COMPENSATION COMMITTEE IS COMPOSED OF 5 VOTING MEMBERS, THE VICE-PRESIDENT OF HUMAN RESOURCES (NON-VOTING), A RETAINED ATTORNEY (NON-VOTING; RECORDS PROCEEDINGS IN MINUTES), AND IS ADVISED BY SULLIVAN COTTER (A COMPENSATION CONSULTING FIRM). THE COMPENSATION COMMITTEE HAS DEVELOPED AND USES A COMPENSATION PHILOSOPHY DOCUMENT WHICH ESTABLISHES GUIDELINES FOR COMPENSATION AND IDENTIFIES COMPARABLE DATA. THE COMMITTEE HOLDS A MINIMUM OF 4 MEETINGS EACH YEAR. AT THE FALL MEETING THEY REVIEW SULLIVAN COTTER DATA AND REPORTS IN ORDER TO MAKE RECOMMENDATIONS REGARDING SALARIES AND BENEFITS. THIS ANNUAL REVIEW ALSO ENSURES COMPLIANCE WITH IRS INTERMEDIATE SANCTIONS REQUIREMENTS. THE BOARD OF DIRECTORS ULTIMATELY REVIEWS/APPROVES/ AND OR ADJUSTS RECOMMENDATIONS FROM THE COMPENSATION COMMITTEE AND SETS COMPENSATION. THE PROCESS WAS LAST REVIEWED IN 2017. FORM 990, PART VI, SECTION C, LINE 19 THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE GOVERNING DOCUMENTS ARE AVAILABLE IN THE RESIDENT LIBRARIES. THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON OUR WEBSITE. 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 INVERNESS VILLAGE, AN OKLAHOMA NOT-FOR-PROFIT CORPORATION 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 2017 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $248.9 MILLION AND TOTAL ASSETS IN EXCESS OF $660 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: CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION 922,223. 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 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 SOLOMONS INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 521862675 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 CALVERT COUNTY NURSING CENTER INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 520890928 HOUSING AND 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 MD 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 THE ASBURY GROUP INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 205038820 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 LIQUOR LICENSE FOR AMV AND IV OK ASBURY ATLANTIC INC & INVERNESS VILLAGE C 1.00000 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1