Nonprofit · EIN 52-0607956
ASBURY ATLANTIC INC
Tax-exempt · FREDERICK, MD 21703
Financials
| Year ended | Form | Revenue | Expenses | Net income | Total assets | Liabilities | Net assets |
|---|---|---|---|---|---|---|---|
| December 31, 2024 | 990 | $212,854,275 | $186,262,859 | $26,591,416 | $566,097,456 | $591,394,272 | -$25,296,816 |
| December 31, 2023 | 990 | $198,386,213 | $183,796,296 | $14,589,917 | $547,451,129 | $599,147,223 | -$51,696,094 |
Financial details: 990 for the year ended December 31, 2024
Revenue
- Contributions, gifts and grants
- $7,952,066
- Program service revenue
- $188,723,190
- Investment income
- $15,988,658
- Net rental income
- $190,361
- Net gain from sales of assets
- $10,162,519
- Other revenue
- $190,361
Expenses
- Grants and similar amounts paid
- $3,086,425
- Other salaries and wages
- $61,866,710
- Salaries, compensation and benefits (total)
- $75,457,543
- Professional fundraising fees
- $0
- Legal fees
- $89,820
- Accounting fees
- $149,512
- Occupancy
- $6,596,733
- Travel
- $198,955
- Depreciation
- $28,797,142
- Program services (functional)
- $139,127,746
- Management and general (functional)
- $46,450,085
- Fundraising (functional)
- $685,028
Balance sheet and other
- Total assets, start of year
- $547,451,129
- Total assets, end of year
- $566,097,456
- Total liabilities, end of year
- $591,394,272
- Net assets, end of year
- -$25,296,816
- Land, buildings and equipment
- $272,973,012
- Publicly traded securities
- $64,718,981
- Net assets without donor restrictions
- -$67,812,755
- Net assets with donor restrictions
- $42,515,939
- Gross receipts
- $310,914,175
- Employees
- 0
- Volunteers
- 480
- Year formed
- 1945
- State of legal domicile
- MD
From the e-filed returns the IRS publishes as XML (latest three processing years; amended returns replace the original). PDF copies at the IRS.
Officers, directors and key employees
As listed on the 990 for the year ended December 31, 2024, highest compensation first.
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANDREW JEANNERET | TREASURER Officer | 1 | $0 | $706,567 | $37,011 |
| TODD ANDREWS | PRESIDENT/EX-OFFICIO Trustee or director, Officer | 2 | $0 | $515,274 | $31,937 |
| ANDREW JOSEPH | SECRETARY Officer | 1 | $0 | $519,805 | $26,880 |
| MICHELLE POTTER | EXECUTIVE DIRECTOR (AMV) Key employee | 40 | $0 | $309,079 | $28,455 |
| BRIAN GRUNDUSKY | EXECUTIVE DIRECTOR (SH) Key employee | 40 | $0 | $268,562 | $26,329 |
| KELLY FRIEDMAN | EXECUTIVE DIRECTOR (AS) Key employee | 40 | $0 | $251,885 | $26,584 |
| RACHEL KARISH | ASSOCIATE EXECUTIVE DIRECTOR Highest-paid employee | 40 | $0 | $215,905 | $23,470 |
| AARON PRAETZEL | EXECUTIVE DIRECTOR (BV) Key employee | 40 | $0 | $194,882 | $33,148 |
| MACELINE YAYA | DIRECTOR OF NURSING Highest-paid employee | 40 | $0 | $188,275 | $17,412 |
| PAULA MEJIA | REGIONAL HR DIRECTOR Highest-paid employee | 40 | $0 | $178,796 | $7,099 |
| JEANETTE LUKULAY | NURSE, RN Highest-paid employee | 40 | $0 | $160,749 | $19,704 |
| SUSAN AVITAN | SR. DIRECTOR, FOUNDATION (AMV) Highest-paid employee | 40 | $0 | $162,938 | $14,921 |
| JEFFREY ERNICO | CHAIR Trustee or director, Officer | 2 | $0 | $15,000 | $0 |
| EFONDA SPROLES | VICE CHAIR Trustee or director, Officer | 2 | $0 | $10,000 | $0 |
| RICHARD SHUMAN | DIRECTOR Trustee or director | 2 | $0 | $6,600 | $0 |
1 more people on this return
| Name | Title | Hours / week | Compensation |
|---|---|---|---|
| BARBARA HARBISON | DIRECTOR Trustee or director | 2 | $0 |
990 for the year ended December 31, 2023: 16 people
| Name | Title | Hours / week | Compensation | From related orgs | Other / benefits |
|---|---|---|---|---|---|
| ANDREW JEANNERET | TREASURER Officer | 1 | $0 | $580,617 | $36,244 |
| ANDREW JOSEPH | SECRETARY Officer | 1 | $0 | $441,003 | $29,015 |
| TODD ANDREWS | PRESIDENT/EX-OFFICIO Trustee or director, Officer | 2 | $0 | $415,851 | $29,993 |
| JD SHUMAN | FOUNDATION PRESIDENT/CEO Highest-paid employee | 1 | $0 | $421,053 | $23,288 |
| MICHELLE POTTER | EXECUTIVE DIRECTOR (AMV) Key employee | 40 | $0 | $293,893 | $29,198 |
| BRIAN GRUNDUSKY | EXECUTIVE DIRECTOR (SH) Key employee | 40 | $0 | $253,537 | $27,252 |
| SUSAN MAYERNICK | EVP, FOUNDATION Highest-paid employee | 40 | $0 | $240,265 | $34,057 |
| KELLY FRIEDMAN | EXECUTIVE DIRECTOR (AS) Key employee | 40 | $0 | $242,632 | $26,999 |
| RACHEL KARISH | ASSOCIATE EXECUTIVE DIRECT Highest-paid employee | 40 | $0 | $211,635 | $23,536 |
| JEANETTE LUKULAY | NURSE, RN Highest-paid employee | 40 | $0 | $190,221 | $14,986 |
| AARON PRAETZEL | EXECUTIVE DIRECTOR (BV) Key employee | 40 | $0 | $156,101 | $22,183 |
| SUSAN AVITAN | SR DIRECTOR FOUNDATION Highest-paid employee | 40 | $0 | $159,965 | $15,252 |
| JEFFREY ERNICO | CHAIR Trustee or director, Officer | 2 | $0 | $15,000 | $0 |
| EFONDA SPROLES | VICE CHAIR Trustee or director, Officer | 2 | $0 | $10,000 | $0 |
| RICHARD SHUMAN | DIRECTOR Trustee or director | 2 | $0 | $5,600 | $0 |
| BARBARA HARBISON | DIRECTOR Trustee or director | 2 | $0 | $0 | $0 |
Address and contacts
- Address (IRS master file)
- 5285 WESTVIEW DR STE 200, FREDERICK, MD 21703-8521
- Principal officer (990 for 2024)
- DOUG LEIDIG, 5285 WESTVIEW DRIVE 200, FREDERICK, MD 21703
- Signed the 990
- ANDREW JEANNERET, TREASURER
- Phone
- (301) 250-2100
- Return prepared by
- CLIFTONLARSONALLEN LLP
Mission
OUR MISSION IS EXPLORING POSSIBILITIES TO LIVE YOUR BEST LIFE BY DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY, AND GRACE.
Program accomplishments
- RESIDENTIAL LIVING FACILITIES: OPERATION OF 1,675 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 529,699 DAYS OF SERVICE IN 2024. $296,981 OF BENEVOLENT CARE AND $469,378 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS DURING 2024. ALSO PROVIDED HEALTH AND WELLNESS PROGRAMMING AND SERVICE TO RESIDENTS.Expenses $63,951,819 · grants $296,981 · revenue $94,197,809
- SKILLED NURSING FACILITIES:OPERATION OF 4 SKILLED NURSING FACILITIES (SNF'S) FOR THE AGED WITH 379 TOTAL BEDS PROVIDING 127,355 DAYS OF SERVICE IN 2024. $21,278,505 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF IN 2024.Expenses $52,077,238 · revenue $59,748,654
- ASSISTED LIVING FACILITIES: OPERATION OF 4 ASSISTED LIVING FACILITIES FOR THE AGED WITH 292 TOTAL SUITES PROVIDING 100,379 RESIDENT DAYS IN 2024. $2,789,444 OF BENEVOLENT CARE AND $1,301,094 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO THE ASSISTED LIVING RESIDENTS IN 2024.Expenses $23,098,689 · grants $2,789,444 · revenue $34,776,727
What it must file and when
IRS records say it files Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N. Its accounting year ends in December, so each return is due on the 15th day of the 5th month after that.
| Tax year | Year ended | Due | IRS public records |
|---|---|---|---|
| 2025 | December 31, 2025 | May 15, 2026 | Not on file |
| 2024 | December 31, 2024 | May 15, 2025 | 990 on file |
| 2023 | December 31, 2023 | May 15, 2024 | 990 on file |
IRS record
- EIN
- 52-0607956
- Tax-exempt status
- 501(c)(3): Charitable, religious, educational or scientific organization
- Foundation status
- Publicly supported organization (509(a)(2))
- Donations deductible (Pub 78)
- Public charity, 50% deduction limit
- Exempt since
- 1996
- Accounting year ends
- December
- Files
- Form 990 or 990-EZ
- Category (NTEE)
- Human services (P75)
- Assets (IRS master file)
- $566,097,456
- Income (IRS master file)
- $310,914,175
Filing history
| Form | Year ended | Revenue | Expenses | Assets | Return |
|---|---|---|---|---|---|
| 990 | December 2024 | $212,854,275 | $186,262,859 | $566,097,456 | XML |
| 990 | December 2023 | $198,386,213 | $183,796,296 | $547,451,129 | XML |
| 990 | December 2022 | $178,616,502 | $179,927,156 | $527,202,855 | IRS |
| 990-T | December 2022 | – | – | – | IRS |
| 990-T | December 2021 | – | – | – | IRS |
| 990 | December 2020 | – | – | – | IRS |
| 990-T | December 2020 | – | – | – | IRS |
| 990 | December 2018 | – | – | – | IRS |
990-N: the IRS bulk file holds only the latest e-Postcard per organization; earlier years come from archived copies of that file since 2020 and can have gaps (the IRS e-Postcard search lists every one). 990, 990-EZ, 990-PF, 990-T: every e-filed return in the IRS e-file index since 2019; XML for the latest three processing years, amounts from the IRS Statistics of Income extracts before that. PDF copies and determination letters at the IRS (search EIN 52-0607956).
Questions about ASBURY ATLANTIC INC
- What is the EIN of ASBURY ATLANTIC INC?
- The employer identification number (EIN) of ASBURY ATLANTIC INC is 52-0607956.
- Is ASBURY ATLANTIC INC tax-exempt?
- Yes. The IRS lists it as tax-exempt under section 501(c)(3) since 1996.
- Are donations to ASBURY ATLANTIC INC tax-deductible?
- Yes. It is listed in IRS Publication 78 (Public charity, 50% deduction limit).
- Which annual return does ASBURY ATLANTIC INC file?
- Form 990 or 990-EZ. Based on its last return; a smaller organization may file the 990-N.
- When is the next return of ASBURY ATLANTIC INC due?
- The return for tax year 2025 (the year ending December 31, 2025) is due May 15, 2026. Form 8868 extends it by six months; the 990-N cannot be extended.
- When did ASBURY ATLANTIC INC last file with the IRS?
- The latest return in the IRS public files is the 990 for the year ended December 2024.
- Who is the principal officer of ASBURY ATLANTIC INC?
- The 990 for the year ended December 31, 2024 names DOUG LEIDIG.
- Who are the officers and directors of ASBURY ATLANTIC INC?
- The 990 for the year ended December 31, 2024 lists 16 people; 0 received compensation from the organization.
- How much revenue does ASBURY ATLANTIC INC have?
- On its 990 for the year ended December 31, 2024 it reported revenue of $212,854,275, expenses of $186,262,859 and total assets of $566,097,456 at year end.
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