2024-11-06T09:23:58-06:00 2023-12-31 410746749 CLIFTONLARSONALLEN LLP 227 WEST TRADE STREET SUITE 800 CHARLOTTE NC 28202 990 2023-01-01 521862674 ASBURY FOUNDATION INC ASBU 3012502100 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 ANDREW JEANNERET TREASURER 3012502100 2024-11-04 1 0 JOHN NORMAN P01506766 7049985200 2024-10-29 2023 2024-10-15 13:58:12Z JD SHUMAN 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 13345922 0 X WWW.THEASBURYFOUNDATION.ORG X 1994 MD SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS. 10 8 0 8 0 0 9780753 10147869 0 0 1826556 1411264 6389031 -1856 17996340 11557277 5109345 10563948 0 0 0 0 0 0 1391858 2486409 1729150 7595754 12293098 10400586 -735821 49696688 57936966 14552266 20597809 35144422 37339157 X SECURING CHARITABLE SUPPORT TO ENHANCE THE LIVES OF PERSONS SERVED BY ASBURY COMMUNITIES, INC. AND ITS SUPPORTED ORGANIZATIONS. 0 0 10863942 10563948 0 ASBURY FOUNDATION SUPPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ASBURY, INC., ALBRIGHT CARE SERVICES, ASBURY COMMUNITIES HCBS, INC., AND ASBURY COMMUNITIES, INC. THROUGH ITS CHARITABLE FUNDRAISING EFFORTS. ASBURY FOUNDATION RAISES FUNDS TO HELP SUPPORT THE BENEVOLENT CARE PROGRAM FOR THE CONTINUING CARE RETIREMENT COMMUNITIES (CCRC'S) OWNED AND OPERATED BY THE SUPPORTED ENTITIES AND HOME CARE SERVICES WITHIN THE ASBURY COMMUNITIES, INC. SYSTEM. THE BENEVOLENT CARE PROVIDES CONFIDENTIAL FINANCIAL ASSISTANCE TO SENIORS BEING SERVED BY ASBURY, WHO, THROUGH NO FAULT OF THEIR OWN, HAVE OUTLIVED THEIR RESOURCES. IN ADDITION TO BENEVOLENT CARE, ASBURY FOUNDATION RAISES FUNDS FOR OTHER PROGRAMS THAT ENHANCE THE LIVES OF ASBURY RESIDENTS AND ASSOCIATES.ASBURY FOUNDATION, INC., IS A TAX-EXEMPT, 501(C)(3) CHARITABLE ORGANIZATION THAT SUPPORTS THE OVERALL CHARITABLE ACTIVITIES OF ASBURY ATLANTIC, INC., ASBURY INC., ASBURY COMMUNITIES, INC., AND ALBRIGHT CARE SERVICES. ASBURY FOUNDATION SECURES PHILANTHROPIC GIFTS THAT 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. IN 2023, PHILANTHROPIC GIFTS TO ASBURY FOUNDATION TOTALED MORE THAN $10 MILLION ACROSS THE ASBURY SYSTEM, INCLUDING APPROXIMATELY $6.2M IN BENEVOLENT CARE; $1M IN CAPITAL PROJECTS; MORE THAN $2.3 MILLION IN SPECIAL PROGRAMS AND ENDOWMENT FUNDS BENEFITTING THOSE WE SERVE, AND MORE THAN $500,000 IN ASSOCIATE SCHOLARSHIPS.ASBURY COMMUNITIES PROVIDES DEFINED BUSINESS, ADMINISTRATIVE, AND OPERATIONAL SUPPORT TO A SYSTEM OF 501(C)(3) TAX-EXEMPT, NOT-FOR-PROFIT SUPPORTED ORGANIZATIONS THAT PROVIDE RESIDENTIAL LIVING AND HEALTH CARE SERVICES TO THE AGED. BEYOND RESIDENTIAL HOUSING FOR THE AGED, THE SUPPORTED ORGANIZATIONS ALSO PROVIDE ASSISTED LIVING, SKILLED NURSING, LONG TERM CARE, PACE (LIFE) PROGRAMMING, REHABILITATION, PHARMACY, AND OTHER ANCILLARY SERVICES PURSUANT TO THEIR RESPECTIVE NOT-FOR-PROFIT MISSIONS.THE ASBURY COMMUNITIES SYSTEM OF SENIOR LIVING AND HEALTH SERVICE PROVIDERS ORIGINATED WITH ASBURY METHODIST VILLAGE, WHICH WAS ORIGINALLY ESTABLISHED IN 1926 AS THE METHODIST HOME FOR ORPHANS AND THE AGED. ALTHOUGH NO LONGER FORMALLY AFFILIATED WITH THE UNITED METHODIST CHURCH, ASBURY COMMUNITIES REMAINS COMMITTED TO THE ETHICAL PRINCIPLES AND SPIRIT OF ITS HISTORICAL ROOTS. WE CARRY THOSE VALUES FORWARD IN OUR MISSION AND OUR GUIDING PRINCIPLE OF DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY, AND GRACE.ASBURY COMMUNITIES AND ASBURY FOUNDATION ARE COMMITTED TO FULFILLING ASBURY'S MISSION AND TO BE A VALUED PARTNER IN THE REGIONS WHERE THEY OPERATE. 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, 2023 BENEVOLENT CARE)-PROVIDING FUNDS FOR A WIDE RANGE OF PROJECTS ACROSS THE ASBURY SYSTEM, INCLUDING CAPITAL PROJECTS AND PROGRAMS AND SERVICES THAT BENEFIT RESIDENTS AND ASSOCIATES-SEEKING GRANT OPPORTUNITIES TO EXPAND OUR SERVICES TO THOSE LIVING AT AN ASBURY COMMUNITY OR RECEIVING SERVICES THROUGH ANOTHER ASBURY PROGRAM, SUCH AS ALBRIGHT LIFE SERVICES. 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. THESE SCHOLARSHIPS HELP ADDRESS A NATIONAL SHORTAGE IN QUALIFIED APPLICANTS FOR CAREERS IN HEALTH CARE. THE SCHOLARSHIPS EASE THE FINANCIAL BURDEN WORKING INDIVIDUALS FACE IN SPECIALIZED DEGREES OFTEN WHILE SUPPORTING FAMILIES.ASBURY FOUNDATION ALSO CONDUCTS CAPITAL CAMPAIGNS FOR RENOVATIONS OF BUILDINGS WHERE RESIDENT SERVICES ARE PROVIDED. IN 2023, ASBURY FOUNDATION RELEASED FROM RESTRICTION $423,753 IN CAPITAL SUPPORT TO HELP FUND KEY PROJECTS AT THE COMMUNITIES IN THE ASBURY SYSTEM. SECTION I: BENEVOLENT CARE - 2023BENEVOLENT 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 2023, MORE THAN $6.2 MILLION IN ANNUAL FUNDS AND UNRESTRICTED GIFTS WERE CONTRIBUTED TO HELP MEET IMMEDIATE BENEVOLENT CARE NEEDS FOR 88 COMMUNITY LIVING RESIDENTS:ASBURY METHODIST VILLAGE $1,986,699ASBURY PLACE KINGSPORT $54,360ASBURY PLACE MARYVILLE $32,945ASBURY SOLOMONS $573,262BETHANY VILLAGE $719,300NORMANDIE RIDGE $465,135RIVERWOODS $165,161SPRINGHILL $216,366TOTAL $4,213,228 10863942 1 1 0 0 0 0 0 0 0 1 1 0 0 1 1 1 0 1 0 0 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 0 0 0 X 10 8 0 0 0 0 1 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X ANDREW JEANNERET 3012502100 5285 WESTVIEW DRIVE FREDERICK MD 21703 X DOUGLAS LEIDIG ACOMM PRESIDENT/CEO, EX-OFFICIO 1.00 39.00 X 0 1020254 36279 JD SHUMAN PRESIDENT/CEO/EX-OFFICIO 39.00 1.00 X X 0 421053 23288 CAROLYN STAMATAKIS CHAIR 2.00 0.00 X X 0 0 0 LOANN BURIAN DIRECTOR 2.00 0.00 X 0 0 0 ROBERT BURKE DIRECTOR 2.00 0.00 X 0 0 0 MARY ANNE MOREFIELD DIRECTOR 2.00 0.00 X 0 0 0 RICHARD STANG DIRECTOR 2.00 0.00 X 0 0 0 SARA TAPIERO DIRECTOR 2.00 0.00 X 0 0 0 RICHARD DICK VERT DIRECTOR 2.00 0.00 X 0 0 0 LINDA WOODIN DIRECTOR 2.00 0.00 X 0 0 0 ANDREW JEANNERET TREASURER 1.00 39.00 X 0 580618 36244 ANDREW JOSEPH SECRETARY 1.00 39.00 X 0 441003 29015 0 2462928 124826 0 0 1 0 0 282655 9865214 583893 10147869 1254018 1254018 1896075 1738829 157246 157246 157246 47960 282655 49816 -1856 -1856 11557277 0 0 1409408 10443064 10443064 120884 120884 21486 21486 8313 8313 7499 7499 19175 19175 17953 17953 69069 69069 26816 26816 61845 61845 21069 21069 1062 1062 TEMP RESTRICTION EXP. 1157334 1157334 SPECIAL PROGRAMS 299994 299994 BUSINESS MEALS 7566 7566 DUES AND SUBSCRIPTIONS 4965 4965 5004 5004 12293098 10863942 37298 1391858 119358 99380 807667 602841 76143 45335 210380 108634 122815 101746 37884356 43338780 10686349 13748884 49696688 57936966 169841 47796 3754831 3635787 10627594 16914226 14552266 20597809 X 35144422 37339157 35144422 37339157 49696688 57936966 X -735821 3601241 -670685 X X 0 1 X 1 0 X 4638825 5886777 10197737 9780753 10147869 40651961 4638825 5886777 10197737 9780753 10147869 40651961 6846209 33805752 747820 943104 765257 915125 1254018 4625324 6163891 6163891 51441176 0.65720 0.69290 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 35687171 1691512 -168499 37210184 33720513 2583967 -617309 35687171 29879034 3778098 63381 33720513 30089473 329007 -539446 29879034 29680552 720068 -311147 30089473 0.00000 1.00000 0.00000 0 1 1 41461 41461 0 168919 67173 101746 101746 FUNDS HELD IN TRUST 3419102 PLEDGES RECEIVABLE 8999782 LAND INVESTMENTS 1330000 13748884 DUE TO ACOMM 16914226 16914226 X PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE BENEVOLENT CARE (FINANCIAL SUPPORT FOR RESIDENTS WHO HAVE EXHAUSTED THEIR RESOURCES) AND OTHER SPECIAL PROGRAMS AS RESTRICTED BY DONORS. PART X, LINE 2: ASBURY FOUNDATION 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. THIS INCLUDES AN INDEPENDENT REVIEW BY THE FOUNDATION BOARD EXECUTIVE COMMITTEE OF ALL COMPENSATION ARRANGEMENTS WITH DISQUALIFIED PERSONS 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. CARING CLASSIC GOLF TOURNAMENT 216319 168359 47960 6265 13896 11616 5833 MUSIC FOR THE MISSION 79421 79421 4500 1 34875 34875 4479 2800 427 330615 282655 47960 6265 13896 16095 7300 6260 49816 -1856 0 ASBURY ATLANTIC INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 520607956 501(C)(3) 9912848 0 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. ALBRIGHT CARE SERVICES 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 231887138 501(C)(3) 530216 0 TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. 2 AMV HEALTHCARE SCHOLARSHIPS 11 52729 AMV KEESE SCHOOL EDUCATIONAL SCHOLARSHIPS 17 38000 AS HEALTHCARE SCHOLARSHIPS 2 8109 BV NURSING SCHOLARSHIPS 7 21046 SH NURSING SCHOLARSHIPS 1 1000 FORM 990, PART III THE BENEVOLENT CARE PROGRAM ENABLES SENIORS IN NEED OF FINANCIAL SUPPORT TO LIVE WITH PEACE OF MIND THAT THEY WILL NOT BE DISCHARGED FROM AN ASBURY COMMUNITY IF THEY OUTLIVE THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN. IN 2023, ASBURY FOUNDATION PROVIDED $4,213,228 IN BENEVOLENT CARE ASSISTANCE FOR THE BENEFIT OF RESIDENTS IN THE ASBURY COMMUNITIES, INC. SYSTEM. ADDITIONALLY, $9,442,326 WAS PROVIDED IN UNREIMBURSED SERVICES TO THOSE SERVED IN SKILLED NURSING. THE FOUNDATION RAISED $6,283,948 IN 2023 TO OFFSET THE COST OF BENEVOLENT CARE AND UNREIMBURSED SERVICES PROVIDED TO RESIDENTS IN NEED. ASBURY FOUNDATION CONDUCTS CAPITAL CAMPAIGNS FOR RENOVATIONS OF BUILDINGS WHERE RESIDENT SERVICES ARE PROVIDED. IN 2023, ASBURY FOUNDATION RELEASED FROM RESTRICTION $423,754 IN SUPPORT TO HELP FUND SEVERAL PROJECTS. IN 2023, ASBURY FOUNDATION AWARDED $120,884 FOR SCHOLARSHIPS FOR 38 ASBURY ASSOCIATES. THE PRIMARY AREA OF SUPPORT WAS FOR ASSOCIATES PURSUING CAREERS IN HEALTH CARE. THESE SCHOLARSHIPS HELP ADDRESS A NATIONAL SHORTAGE IN QUALIFIED APPLICANTS FOR CAREERS IN HEALTH CARE. THE SCHOLARSHIPS EASE THE FINANCIAL BURDEN WORKING INDIVIDUALS FACE IN SPECIALIZED DEGREES OFTEN WHILE SUPPORTING FAMILIES. SCHOLARSHIPS ARE ALSO AWARDED TO ASSOCIATES PURSUING CAREERS OUTSIDE OF HEALTH CARE. X X X 0 1 0 0 0 0 0 0 0 DOUGLAS LEIDIG ACOMM PRESIDENT/CEO, EX-OFFICIO 0 587949 0 241200 0 191105 0 9754 0 26525 0 1056533 0 171430 ANDREW JEANNERET TREASURER 0 392590 0 135322 0 52706 0 17730 0 18514 0 616862 0 50895 ANDREW JOSEPH SECRETARY 0 307669 0 84064 0 49270 0 12270 0 16745 0 470018 0 47871 JD SHUMAN PRESIDENT/CEO/EX-OFFICIO 0 294459 0 90524 0 36070 0 7761 0 15527 0 444341 0 33888 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO AND ALL PERSONS DEEMED POTENTIALLY DISQUALIFIED IS REVIEWED AND RECOMMENDED TO THE FOUNDATION BOARD. PART I, LINE 4B THE ACOMM PRESIDENT/CEO, FOUNDATION PRESIDENT/CEO, TREASURER, AND SECRETARY PARTICIPATE IN A 457(F) PLAN AND RECEIVED DISTRIBUTIONS OF $171,430, $33,888, $50,895, AND $47,871, RESPECTIVELY, IN 2023. THERE WERE NO OTHER PLAN DISTRIBUTIONS. X 13 443893 AVG. STOCK PRICE X 1 140000 FMV/APPRAISAL 0 0 0 PART I, COLUMN (B): PART I, COLUMN B IS REPORTING THE NUMBER OF ITEMS RECEIVED. 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 THE SOLE MEMBER OF ASBURY FOUNDATION, INC. IS ASBURY COMMUNITIES, INC., A NON-PROFIT, NON-STOCK, MARYLAND CORPORATION. FORM 990, PART VI, SECTION B, LINE 11B ASBURY COMMUNITIES, INC., THE SOLE MEMBER OF ASBURY FOUNDATION, INC., DELEGATES REVIEW OF THE FORM 990 TO ITS AUDIT, FINANCE, AND INVESTMENT COMMITTEE (AFIC) WHICH PERFORMED ITS REVIEW ON 10/23/24. ADDITIONALLY, THE ASBURY COMMUNITIES, INC. AND ASBURY FOUNDATION, INC. BOARD OF DIRECTORS WERE FORWARDED A COPY OF THE DRAFT 990 FOR REVIEW AND WERE 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 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 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 SYSTEM-WIDE GOVERNANCE AND NOMINATIONS COMMITTEE. A REPORT WAS MADE TO THE BOARD THAT THERE WERE NO CONFLICTS DURING 2023. 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 PROTOCOL OUTLINED IN THE CONFLICT OF INTEREST POLICIES AND PROCEDURES. FORM 990, PART VI, SECTION B, LINE 15 THE FOUNDATION BOARD EXECUTIVE COMMITTEE REVIEWS THE ORGANIZATION'S PROGRESS TOWARDS KEY PERFORMANCE INDICATORS SELECTED FOR INCENTIVIZING PERFORMANCE OF DISQUALIFIED PERSONS THROUGH A PERFORMANCE BASED-COMPENSATION PROGRAM. ON AN ANNUAL BASIS, THE FOUNDATION BOARD EXECUTIVE COMMITTEE SPECIFICALLY REVIEWS THE COMPENSATION AND BENEFITS OF THE CEO USING THE DATA GATHERED BY STAFF IN ORDER TO SUPPORT THEIR DECISION MAKING PROCESS REGARDING THE FOUNDATION CEO'S COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON THE WEBSITE. GOVERNING DOCUMENTS AND CONFLICTS OF INTEREST POLICY 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 FOUNDATION, INC. AS WELL AS THE OTHER RELATED AND SUPPORTED ORGANIZATIONS OF ASBURY COMMUNITIES, INC. THERE ARE OVER 2,400 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2023 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES IN EXCESS OF $308 MILLION AND TOTAL ASSETS IN EXCESS OF $662 MILLION. FORM 990, PART XI, LINE 9: CHANGE IN VALUE OF DEFERRED GIVING ARRANGEMENTS -248,788. FUNDRAISING LOSS 1,856. TRANSFERS TO ACOMM -423,753. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN OVERSIGHT PROCESS FROM THE PRIOR YEAR. 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 COMMUNITIES INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 521862677 SUPPORT SERVICES MD 501(C)(3) LINE 12C, III-FI 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 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 910 WILDER CHAPEL LANE MARYVILLE TN 37804 201885811 HOUSING FOR OLDER ADULTS TN 501(C)(3) LINE 12A, I ASBURY INC 0 ASBURY LIVING INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 933545102 HOME CARE 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 TECH & SUPPORT SERVICES DE ASBURY COMMUNITIES INC C 0 THRIVEWELL TECH LLC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 262896175 INFOR & CNSLT SVCS DE THE ASBURY GROUP INC C 0 5285 WESTVIEW DRIVE ONE LLC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 881212545 INFO. TECH. RESELLER AND IMPLEMENTATIN PARTNER MD THE ASBURY GROUP INC C 0 1569 TEELS ROAD LLC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 871564257 OPERATE A PERSONAL CARE HOME AND SENIOR LIVING COMMUNITY PA THE ASBURY GROUP INC C 0 0 0 0 1 0 0 0 0 0 0 0 1 1 1 0 0 0 1 0