2020-11-16T17:10:00-06:00 2019-12-31 731413977 HOGANTAYLOR LLP 2222 SOUTH UTICA PL SUITE 200 TULSA OK 74114 990 2019-01-01 731539802 INVERNESS VILLAGE AN OKLAHOMA NOT-FOR-PR INVE 3476782575 4200 EAST SKELLY DRIVE SUITE 250 TULSA OK 74135 GREGORY WALLACE TREASURER 3476782575 2020-11-16 1 W LYNDEL LACKEY P00234298 9187452333 2020-11-16 98.184.84.130 2020-11-16 14:12:35 CS P B4A31FFFC867E60CA06CD1FAE634D177DB8FEF77 41725FB736D630B2B089DC835254987A20F27745 2019 2021-01-29 14:40:06Z GREGORY WALLACE 4200 EAST SKELLY DRIVE SUITE 250 TULSA OK 74135 56381920 0 X WWW.INVERNESSVILLAGE.COM X 1998 OK LIQUIDATION OF CONTINUING CARE RETIREMENT COMMUNITY X 4 0 236 25 0 0 175559 155787 19172044 15158081 8276 -15892108 23252 0 19379131 -578240 128610 0 0 0 7844403 6660366 0 0 165491 19426110 16222260 27399123 22882626 -8019992 -23460866 65640880 1915584 174261099 74825740 -108620219 -72910156 X LIQUIDATION OF CONTINUING CARE RETIREMENT COMMUNITY. 0 1 7967620 7124298 RESIDENTIAL LIVING: OPERATION OF 256 RESIDENTIAL LIVING UNITS FOR THE AGED. 5085715 4547424 SKILLED NURSING FACILITY: OPERATION OF A 44 BED SKILLED NURSING FACILITY (SNF) FOR THE AGED. 3899048 3486359 ASSISTED LIVING FACILITY: OPERATION OF A 47 SUITE ASSISTED LIVING FACILITY FOR THE AGED. 16952383 1 1 0 0 0 0 0 0 0 1 0 0 0 1 1 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 1 0 0 0 1 40 0 1 236 1 0 0 0 0 0 0 0 0 0 0 0 0 X 4 0 0 1 0 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 OK X X GREGORY WALLACE 9186981033 1810 EAST 43RD STREET TULSA OK 74105 LAWRENCE COSTELLO CHAIR 15.00 X X 0 33500 0 ROBERT PETERS DIRECTOR, SECRETARY 15.00 X X 0 33500 0 GREGORY WALLACE DIRECTOR, TREASURER 15.00 X X 0 33500 0 MICHAEL WYSE DIRECTOR, PRESIDENT 15.00 X X 0 33500 0 0 134000 0 0 0 0 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE 1550000 GLASS RATNER ADVISORY & CAPITAL GROU LLC 2405 GRAND BLVD SUITE 1210 KANSAS CITY MO 64108 ADVISORY SERVICES 426000 GREEN WING LAWN & LANDSCAPTING SERVICES 8177 E 44TH STREET TULSA OK 74145 LAWN SERVICES 376948 B RILEY FINANCIAL 11100 SANTA MONICA BLVD SUITE 800 LOS ANGELES CA 90025 ADVISORY SERVICES 324216 RBC WEALTH MANAGEMENT 6301 WATERFORD BLVD SUITE 401 OKLAHOMA CITY OK 73118 ADVISORY SERVICES 324216 5 155787 155787 NET SERVICE REVENUE 623312 13725241 13725241 AMORTIZATION OF ENTRANCE FEES 623312 1167384 1167384 OTHER OPERATING REVENUE 623312 265456 265456 15158081 68052 68052 41000000 56960160 -15960160 -15960160 -15960160 -578240 15158081 0 -15892108 4865012 4378511 389201 97300 1547144 1392430 123771 30943 248210 223389 19857 4964 1291346 1259062 32284 510564 510564 1377844 1308952 68892 3580907 3570164 10743 3036761 3027651 9110 361518 361518 ADMINISTRATIVE EXPENSES 2958722 2958722 REPAIRS AND MAINTENANCE 1745829 1693454 52375 FOOD 760239 760239 PHARMACY AND MEDICAL 531107 531107 67423 66486 937 22882626 16952383 5764752 165491 4192985 1176526 3153122 517367 193923 852949 34860 94697 0 56242192 181 552527 545135 65640880 1915584 2279281 5210190 8981166 7863244 60549872 21238386 102450780 40513920 174261099 74825740 X -109165354 -73455291 545135 545135 -108620219 -72910156 65640880 1915584 X -23460866 59170929 X 0 1 X 1 0 X 150289 345848 493807 175559 155787 1321290 18395735 18488162 19000152 19172044 15158081 90214174 18546024 18834010 19493959 19347603 15313868 91535464 0 0 0 91535464 273379 173604 207533 164153 68052 886721 273379 173604 207533 164153 68052 886721 18819403 19007614 19701492 19511756 15381920 92422185 0.99040 0.98890 0.00960 0.01110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 400332 400332 397774 2558 400332 396268 1506 397774 355171 41097 396268 334483 20688 355171 1.00000 0 0 0 BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION 545135 545135 DUE TO ACOMM 38340649 ESTIMATED OBLIGATION TO PROVIDE FUTURE SERVICES 2173271 40513920 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 48981655 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 0.00340 0.00340 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 REAL PROPERTY LOCATED AT 3850 W. 71ST ST. S. TULSA, OK, - FURNITURE, FIXTURES, COMPUTER, EQUIPMENT, SOFTWARE, TELEPHONE EQUIPMENT, OTHER EQUIPMENT, MACHINERY AND AUTO 2019-10-31 54627474 APPRAISAL 842854729 TULSA HILLS COMMUNITY INC 3800 W 71ST ST TULSA OK 74132 501(C)3 0 0 0 0 FORM 990, PART III, LINE 3 SUBSTANTIALLY ALL ASSETS OF INVERNESS VILLAGE WERE SOLD ON OCTOBER 31, 2019. OPERATIONS OF THE ORGANIZATION CEASED AFTER THE SALE. FORM 990, PART VI, SECTION A, LINE 3 ASBURY COMMUNITIES, INC. PROVIDED SPECIFIC BUSINESS AND OPERATIONAL SERVICES PURSUANT TO A MANAGEMENT SERVICE AGREEMENT DATED JANUARY 1, 2018 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 THE MEMBERS OF THE BOARD OF DIRECTORS REVIEW THE FORM 990 PRIOR TO FILING AND THE BOARD CHAIR SIGNS THE RETURN. 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. 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 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 THE MINUTES OF THE MANAGEMENT-LEAD TO SEE 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 2018. 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 XI, LINE 9: CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION 58,423. LOSS ON BOND REFINANCING -2,673,101. GAIN ON RETIREMENT OF DEBT 61,778,996. TRANSFER OF CAPITAL 6,611. 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 520907956 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 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 LICENSES OK ASBURY ATLANTIC AND 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