2016-11-14T09:38:24-06:00 2015-12-31 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2015-01-01 731539802 INVERNESS VILLAGE AN OKLAHOMA NOT-FOR- PROFIT INVE 9184819988 20030 CENTURY BLVD NO 300 GERMANTOWN MD 208741112 KIM EHRENFRIED ASSISTANT TREASURER 9184819988 2016-11-11 1 JONATHAN HANSEN P01871557 4104530900 2015 2017-02-10 21:41:12Z MARK GRAY 20030 CENTURY BLVD NO 300 GERMANTOWN MD 208741112 18820035 0 X WWW.INVERNESSVILLAGE.COM X 1998 OK DOING ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. 10 7 298 99 0 0 352804 150289 18090455 18395735 198903 188274 41949 39318 18684111 18773616 0 0 0 0 6780811 7154720 0 0 108329 15944069 16748527 22724880 23903247 -4040769 -5129631 86814448 83142918 175037864 176622392 -88223416 -93479474 X OUR MISSION IS TO DO ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. 0 0 4035805 3775540 SKILLED NURSING FACILITY: OPERATION OF A 44 BED SKILLED NURSING FACILITY (SNF) FOR THE AGED PROVIDING 13,483 RESIDENT DAYS OF SERVICE IN 2015. $1,603,786 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS IN THE SNF INCLUDING LIFE CARE CONTRACTS. $191,789 OF BENEVOLENT CARE WAS PROVIDED TO SNF RESIDENTS IN 2015. 2469932 2310649 ASSISTED LIVING FACILITY: OPERATION OF A 47 SUITE ASSISTED LIVING FACILITY FOR THE AGED, PROVIDING 14,746 RESIDENT DAYS OF SERVICE IN 2015. $15,055 OF BENEVOLENT CARE WAS PROVIDED TO ASSISTED LIVING RESIDENTS. 13200611 12349317 RESIDENTIAL LIVING: OPERATION OF 256 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 86,216 RESIDENT DAYS OF SERVICE IN 2015. $337,160 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS. $12,587 OF BENEVOLENT CARE WAS PROVIDED.SEE SCHEDULE O FOR COMMUNITY BENEFITS INFORMATION. 19706348 1 1 0 0 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 1 298 1 0 0 0 0 0 0 0 0 0 0 X 10 7 0 0 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X X KIM EHRENFRIED ASST TREASURER 3012502137 20030 CENTURY BLVD STE 300 GERMANTOWN MD 20874 X ELAINE HORKEY CHAIR 2.00 X X 0 0 0 JAN SLATER VICE CHAIR 2.00 X X 0 0 0 PAT BAILEY DIRECTOR 2.00 X 0 0 0 DR KENDRA JEZEK DIRECTOR 2.00 X 0 0 0 STEVE MACKEY DIRECTOR 2.00 X 0 0 0 DIXIE REPPE DIRECTOR 2.00 X 0 0 0 ROBERT BERRY DIRECTOR 2.00 X 0 0 0 NORMA TYLER DIRECTOR 2.00 X 0 0 0 JOHN COCKRUM DIRECTOR 2.00 X 0 0 0 MARK GRAY PRESIDENT 60.00 X X 210561 0 17449 SUE DACAMARA VICE PRESIDENT 1.00 59.00 X 0 398482 20521 PEGGY CRESPI KAPLAN VP, SECRETARY 1.00 61.00 X 0 356838 20521 ROBIN STERN VP, ASST SECRETARY 1.00 58.00 X 0 191672 20004 ANDREW JOSEPH ASST. SECRETARY 1.00 61.00 X 0 224509 21527 SANDRA DANIELS ASST. SECRETARY 40.00 2.00 X 57227 0 6813 MICHAEL CONNELL VP, TREASURER 1.00 61.00 X 0 349231 23152 DOUG LEIDIG VP, ASST. TREASURER 1.00 61.00 X 0 465550 23966 KIM EHRENFRIED ASST. TREASURER 1.00 61.00 X 0 202680 21352 JESSICA PAGE DIRECTOR MARKETING 40.00 X 116085 0 4197 STEVEN WALKINGSTICK ADMINISTRATOR HEALTH SVS 40.00 X 103276 0 8917 487149 2188962 188419 3 0 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE 2352114 REHABCARE GROUP INC PO BOX 503534 ST LOUIS MO 63150 REHAB SERVICE 577547 HOFFMAN FIXTURES COMPANYKITCHEN & BATH 6031 S 129TH E AVENUE TULSA OK 74134 REMODELING SERVICE 519348 GREEN WING LAWN & LANDSCAPE SERVICES IN PO BOX 471498 TULSA OK 74147 LAWN MAINTENANCE 424651 HARP ELECTRIC COMPANY 5009 W 62ND STREET TULSA OK 74131 ELECTRICAL WORK 420756 13 150289 150289 NET SERVICE REVENUE 623312 14604193 14604193 MEDICARE PAYMENTS 623312 2196607 2196607 AMORTIZATION OF ENTRANCE FEES 623312 1368784 1368784 OTHER OPERATING REVENUE 623312 226151 226151 18395735 233607 233607 39772 454 39318 39318 39318 632 45965 -45333 -45333 -45333 18773616 18395735 0 227592 292050 292050 5423379 4936200 403608 83571 152567 136782 13546 2239 858324 564590 288387 5347 428400 375010 53390 1090031 1072859 17172 106334 106334 21763 21763 1946421 1786622 159799 95581 95356 225 729822 600322 129500 599927 3770 596157 933936 931311 2625 67013 38253 28760 3697088 3684906 12182 3893040 3880212 12828 87607 87607 FOOD 910279 910149 130 REPAIRS & MAINTENANCE 671468 660458 11010 PHARMACY & MEDICAL SUPP 325300 325300 OTHER TAXES 234284 220081 14203 1338633 557026 781607 23903247 19706348 4088570 108329 1346987 1010219 9216428 9247462 437371 457987 4186063 1868840 36363 39424 46146 77702 92028022 31633351 61051763 60394671 6535232 5962358 3958095 4084255 86814448 83142918 2113424 2160381 9019596 11606444 69045583 67242158 94859261 95613409 175037864 176622392 X -88948261 -94123873 390362 289228 334483 355171 -88223416 -93479474 86814448 83142918 X -5129631 -227318 100891 X 0 1 X 1 0 X 264918 352804 150289 768011 18529357 17374925 17633561 18090455 18395735 90024033 18529357 17374925 17898479 18443259 18546024 90792044 0 0 0 90792044 34318 41484 99603 243904 273379 692688 34318 41484 99603 243904 273379 692688 18563675 17416409 17998082 18687163 18819403 91484732 0.99240 0.99500 0.00760 0.00500 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 334483 20688 355171 244268 90215 334483 12889 231379 244268 10282 2607 12889 2854 -7428 10282 0.00000 1.00000 0.00000 0 1 1 4543498 4543498 78333056 24891059 53441997 6901617 5408147 1493470 2249851 1334145 915706 60394671 REFUNDABLE ENTRANCE FEES 1311149 DUE TO ACOMM 29994009 DEPOSITS FROM PROSPECTIVE RESIDENTS 2334820 PROJECTED REFUND OF STANDARD ENTRANCE FEES 340507 CONTINGENT REFUNDABLE ENTRANCE FEE LIABILITY 61632924 95613409 X 18647643 -227318 101345 -125973 18773616 0 18773616 23903701 454 454 23903247 0 23903247 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE BENEVOLENT CARE. PART X, LINE 2: ASBURY COMMUNITIES IS EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE; ACCORDINGLY, NO PROVISION FOR INCOME TAXES IS REQUIRED FOR ASBURY COMMUNITIES INCLUDING INVERNESS VILLAGE. 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, RETENTION OF OUTSIDE COUNSEL 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 IS NOT AWARE OF ANY TAX POSITIONS THAT WOULD 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 2012 TO 2014 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES. PART XI, LINE 2D - RECONCILING ITEMS: CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF ASBURY FOUNDATION, INC. 100,891 RENTAL EXPENSES 454 TOTAL TO SCHEDULE D, PART XI, LINE 2D 101,345 PART XII, LINE 2D - RECONCILING ITEM: RENTAL EXPENSES 454 X X X X X X 0 0 0 0 0 0 0 0 0 MARK GRAY PRESIDENT 198696 0 10010 0 1855 0 7528 0 9921 0 228010 0 0 0 SUE DACAMARA VICE PRESIDENT 0 371264 0 24896 0 2322 0 10600 0 9921 0 419003 0 0 PEGGY CRESPI KAPLAN VP, SECRETARY 0 329259 0 25908 0 1671 0 10600 0 9921 0 377359 0 0 ROBIN STERN VP, ASST SECRETARY 0 181674 0 9094 0 904 0 7523 0 12481 0 211676 0 0 ANDREW JOSEPH ASST. SECRETARY 0 208977 0 14844 0 688 0 8161 0 13366 0 246036 0 0 MICHAEL CONNELL VP, TREASURER 0 323034 0 25657 0 540 0 10248 0 12904 0 372383 0 0 DOUG LEIDIG VP, ASST. TREASURER 0 435074 0 29666 0 810 0 10600 0 13366 0 489516 0 0 KIM EHRENFRIED ASST. TREASURER 0 188030 0 14031 0 619 0 7986 0 13366 0 224032 0 0 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF ASBURY COMMUNITIES, INC. THE FULL BOARD IS INFORMED BUT IS NOT TASKED WITH APPROVING. 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 4718801 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 0.00050 0.00050 0 0 1 B 0 1 1 1 0 0.00050 0.00050 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 ASSOCIATES POWER WASHED, REPAIRED AND THEN PAINTED LARGE DECKS AT TWO LOW INCOME HOUSING COMPLEXES LOCATED IN SAPULPA, OK. AN INVERNESS ASSOCIATE HELPED ON A HABITAT FOR HUMANITY HOME PROJECT. THE CAMPUS'S WELLNESS DIRECTOR SERVED AS A GUEST LECTURER ON FOUR OCCASIONS FOR UNDERGRADUATES AT OSU DISCUSSING LONGEVITY, SUCCESSFUL AGING, AGEISM, AND AGEIST EXPECTATIONS. INVERNESS VILLAGE DONATED OVER 1,000 MEDICATIONS TO INDIGENT POPULATIONS AND THE UNINSURED IN THE TULSA AREA THROUGH THE TULSA COUNTY PHARMACY. THE INVERNESS BUS DRIVER PROVIDED TRANSPORTATION FOR RESIDENTS FROM VINTAGE HOUSING TO AREA RESTAURANTS FOR DINNER. DURING 2015, INVERNESS VILLAGE ASSOCIATES AND RESIDENTS DONATED 500 POUNDS OF FOOD TO THE CATHOLIC CHARITIES OF TULSA FOOD DRIVE. ASSOCIATES ALSO DONATED ITEMS TO AND VOLUNTEERED AT THE CATHOLIC CHARITIES THRIFT STORE. INVERNESS VILLAGE DINING TEAMED WITH TULSA DAY CENTER FOR THE HOMELESS TO PROVIDE AN EVENING MEAL AND A THANKSGIVING DINNER. IN THE AREA OF TRAINING THE NEXT GENERATION OF SENIOR CARE LEADERS, INVERNESS VILLAGE PROVIDED TRAINING AND MENTORING FOR A STUDENT NURSE FROM CENTRAL TECHNOLOGY CENTER. HEALTH PROMOTION INTERNSHIPS WERE PROVIDED TO STUDENTS FROM NORTHEASTERN STATE UNIVERSITY AND OKLAHOMA STATE UNIVERSITY(OSU). THE COMMUNITY'S WELLNESS STAFF AND NURSING STAFF PROVIDED JOB SHADOWING OPPORTUNITIES FOR STUDENTS FROM OSU. IN MARCH, A WELLNESS ASSOCIATE AT INVERNESS HELD MOCK INTERVIEWS FOR OSU STUDENTS CLOSE TO GRADUATION. AND, FINALLY, IN THE AREA OF ENVIRONMENTAL SUSTAINABILITY, INVERNESS RECYCLED OVER 7,000 POUNDS OF MATERIALS EACH MONTH 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, THE SOLE MEMBER IS 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) AMENDEMENTS TO MISSION OR VISION STATEMENTS; (4) AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS. FORM 990, PART VI, SECTION B, LINE 11 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., AND ASBURY COMMUNITIES, INC. HAS A SYSTEM WIDE AUDIT COMMITTEE. THE ASBURY COMMUNITIES, INC. BOARD OF DIRECTORS HAS DELEGATED A REVIEW OF THE FORM 990 TO THE SYSTEM AUDIT COMMITTEE WHICH PERFORMED THEIR REVIEW ON OCTOBER 20, 2016. THE ASBURY COMMUNITIES, INC., FOUNDATION, ASBURY ATLANTIC, ASBURY SOLOMONS, ASBURY COMMUNITIES HCBS, CALVERT COUNTY NURSING CENTER, 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 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 COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ASBURY COMMUNITIES CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS. THE ASSISTANT GENERAL COUNSEL 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 DISCLOSURE FORM AND IS ADVISED OF THEIR FIDUCIARY OBLIGATIONS. THE COMPLIANCE OFFICER, WHO HAD A DIRECT REPORTING LINE TO THE CHAIR OF THE AUDIT COMMITTEE AND REPORTS QUARTERLY TO THE AUDIT COMMITTEE, ANALYZES ALL DISCLOSURE FORMS FOR POTENTIAL CONFLICTS, AND PREPARES A REPORT FOR THE SYSTEM-WIDE AUDIT COMMITTEE. A SUMMARY IS THEN PRESENTED TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. WHEN A CONFLICT OF INTEREST ARISES, THE INDIVIDUAL WILL BE REQUIRED TO RECUSE HIM OR HERSELF FROM THE BOARD DELIBERATIONS AND VOTE. FORM 990, PART VI, SECTION B, LINE 15 THE SYSTEM WIDE 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 FULL BOARD(S) OF ASBURY COMMUNITIES, THE SOLE MEMBER OF INVERNESS VILLAGE, 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 TOWERS WATSON (A COMPENSATION CONSULTING FIRM). THE SYSTEM WIDE COMPENSATION COMMITTEE HOLDS A MINIMUM OF 4 MEETINGS EACH YEAR. AT THE FALL MEETING THEY REVIEW TOWERS WATSON DATA AND REPORTS IN ORDER TO MAKE RECOMMENDATIONS REGARDING SALARIES AND BENEFITS. THIS ANNUAL REVIEW ALSO ENSURES COMPLIANCE WITH IRS INTERMEDIATE SANCTIONS REQUIREMENTS. THE EXECUTIVE COMMITTEE ULTIMATELY REVIEWS/APPROVES/ AND OR ADJUSTS RECOMMENDATIONS FROM THE SYSTEM WIDE COMPENSATION COMMITTEE AND SETS COMPENSATION. THE PROCESS WAS LAST REVIEWED IN 2015. 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 2,200 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2015 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $196.1 MILLION AND TOTAL ASSETS IN EXCESS OF $565 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 100,891. ASBURY COMMUNITIES INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 521862677 MANAGEMENT SERVICES MD 501(C)(3) LINE 11C, III-FI 0 ASBURY ATLANTIC INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 520607956 HOUSING AND HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) LINE 9 ASBURY COMMUNITIES INC 0 ASBURY SOLOMONS INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 521862675 HOUSING AND HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) LINE 9 ASBURY COMMUNITIES INC 0 ASBURY FOUNDATION INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 521862674 RAISING FUNDS FOR CHARITY CARE MD 501(C)(3) LINE 7 ASBURY COMMUNITIES INC 0 AFFILIATED ASSOCIATES INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 510426078 EMPLOYEE PAYMASTER COMPANY MD 501(C)(3) LINE 11C, III-FI ASBURY COMMUNITIES INC 0 ASBURY COMMUNITIES HCBS INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 450634490 HOME CARE FOR OLDER ADULTS MD 501(C)(3) LINE 9 ASBURY COMMUNITIES INC 0 CALVERT COUNTY NURSING CENTER INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 520890928 HOUSING AND HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) LINE 9 ASBURY COMMUNITIES INC 0 THE ASBURY GROUP INC 20030 CENTURY BLVD GERMANTOWN MD 20874 205038820 MANAGEMENT SERVICES DE ASBURY COMMUNITIES INC C 0 TAG MARKETING LLC 20030 CENTURY BLVD GERMANTOWN MD 20874 262896006 MARKETING SRVCS DE ASBURY COMMUNITIES INC C 0 THE ASBURY GROUP INTEGRATED TECHNOLOGIES LLC 20030 CENTURY BLVD GERMANTOWN MD 20874 262896175 INFOR & CNSLT SVCS DE ASBURY COMMUNITIES INC C 0 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0