2019-11-15T16:24:58-06:00 2018-12-31 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2018-01-01 731539802 INVERNESS VILLAGE AN OKLAHOMA NOT-FOR- PROFIT CORPORATION INVE 9184819988 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 KIM EHRENFRIED BOARD CHAIR 9184819988 2019-11-15 1 JOHN NORMAN P01506766 4104530900 2019-11-15 67.137.57.251 2019-11-15 11:48:30 ES P BBA58EB6E7F87D04A815B4FA9AD717FA41A89180 3CF3DD9031688C69FC97E727F610E3BA20E5E1B3 2018 2020-04-17 16:48:07Z DR MIKE MITCHELL 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 19511756 0 X WWW.INVERNESSVILLAGE.COM X 1998 OK DOING ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. 4 0 268 25 0 0 493807 175559 19000152 19172044 747926 8276 27863 23252 20269748 19379131 0 128610 0 0 7404901 7844403 0 0 141313 17090788 19426110 24495689 27399123 -4225941 -8019992 78174661 65640880 176685484 174261099 -98510823 -108620219 X OUR MISSION IS TO DO ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. 0 0 12826780 12424482 RESIDENTIAL LIVING: OPERATION OF 256 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 72,949 RESIDENT DAYS OF SERVICE IN 2018. $468,923 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS. 4070110 128610 3946591 SKILLED NURSING FACILITY: OPERATION OF A 44 BED SKILLED NURSING FACILITY (SNF) FOR THE AGED PROVIDING 14,110 RESIDENT DAYS OF SERVICE IN 2018. $1,957,366 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS IN THE SNF INCLUDING LIFE CARE CONTRACTS. $128,610 OF BENEVOLENT CARE WAS PROVIDED TO SNF RESIDENTS IN 2018. 2891588 2800971 ASSISTED LIVING FACILITY: OPERATION OF A 47 SUITE ASSISTED LIVING FACILITY FOR THE AGED, PROVIDING 15,068 RESIDENT DAYS OF SERVICE IN 2018. 19788478 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 1 1 1 0 0 0 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 6 0 268 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 ANDREW JEANNERET CFO 3012502100 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 X LAWRENCE COSTELLO CHAIR 15.00 X X 37500 0 0 ROBERT BOYD VICE CHAIR 15.00 X X 30000 0 0 ROBERT PETERS DIRECTOR, SECRETARY 15.00 X X 37500 0 0 GREGORY WALLACE DIRECTOR, TREASURER 15.00 X X 37500 0 0 MICHAEL WYSE DIRECTOR, PRESIDENT 15.00 X X 37500 0 0 JAMES HAWKINS DIRECTOR 2.00 X 0 0 0 JAN SLATER DIRECTOR 2.00 X 0 0 0 KENNETH BRUNE DIRECTOR 2.00 X 0 0 0 PAT BAILEY DIRECTOR 2.00 X 0 0 0 ROBERT BERRY DIRECTOR 2.00 X 0 0 0 DAVID BIXLER DIRECTOR 2.00 X 0 0 0 NORMA TYLER DIRECTOR 2.00 X 0 0 0 SANDRA DANIELS ASST. SECRETARY 40.00 X 61854 0 9959 WAYNER WALTHALL PRESIDENT 2.00 X 0 0 0 SUSAN DOWD VICE PRESIDENT 1.00 X 0 0 0 SUE DACAMARA VP, SECRETARY 1.00 59.00 X 0 422966 22667 ROBIN STERN VP, ASST SECRETARY 1.00 59.00 X 0 241457 24174 ANDREW JOSEPH ASST. SECRETARY 1.00 59.00 X 0 251163 22816 PEGGY CRESPI KAPLAN VP, ASST. SECRETARY 1.00 59.00 X 0 354505 16556 DOUG LEIDIG VP, ASST. TREASURER 1.00 59.00 X 0 811734 26157 KIM EHRENFRIED ASST. TREASURER 1.00 59.00 X 0 217609 23888 RHONDA TERANTO VP,TREASURER 1.00 59.00 X 0 218503 20664 ANDREW JEANNERET VP, ASST. TREASURER 1.00 59.00 X 0 348064 20993 DR MIKE MITCHELL EXECUTIVE DIRECTOR 50.00 X 220444 0 7585 REUBEN BEARER ADMINISTRATOR 40.00 X 107121 0 15167 JANA DECKER DIRECTOR WELLNESS 40.00 X 104538 0 17453 DEBBIE YODER DIRECTOR HUMAN RESOURCES 40.00 X 106155 0 15225 FRAN EVANS DIRECTOR OF DEVELOPMENT 40.00 X 101798 0 11141 881910 2866001 254445 5 0 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE 2453608 FLAGSHIP REHABILITATION SERVICES 157 BALTIMORE STREET SUITE 200 CUMBERLAND MD 21502 REHAB SERVICES 530358 DESIGNS UNLIMITED 1660 E 71ST ST STE J TULSA OK 74136 DESIGN SERVICES 527565 GREEN WING LAWN & LANDSCAPING SERVICES 8177 E 44TH STREET TULSA OK 74145 LAWN SERVICES 415069 HARP SERVICES INC 5009 W 62ND STREET TULSA OK 74132 RENOVATIONS 279765 11 175559 175559 NET SERVICE REVENUE 623312 15664905 15664905 MEDICARE PAYMENTS 623312 1863977 1863977 AMORTIZATION OF ENTRAN 623312 1390290 1390290 OTHER OPERATING REVENU 623312 252872 252872 19172044 138021 138021 26132 2880 23252 23252 23252 95393 34352 -95393 -34352 -129745 -129745 19379131 19172044 0 31528 128610 128610 449842 449842 5512376 4933759 476819 101798 167195 144332 17679 5184 1295958 1076325 213676 5957 419032 362391 56641 1138273 1109899 28374 90993 90993 19448 19448 1786381 1693561 92820 1899068 82110 1816958 742505 603640 138865 668752 8591 660161 914079 846943 67136 48656 31062 17594 3548503 3536810 11693 3798333 3785817 12516 93212 93212 OTHER TAXES 1325968 150674 1175294 FOOD 962163 962163 REPAIRS & MAINTENANCE 730262 707713 22549 PHARMACY & MEDICAL SUPP 236950 235565 1385 1422564 498412 924152 27399123 19788478 7469332 141313 1112693 4192985 9062698 3153122 392453 517367 685056 852949 36395 34860 65922 94697 97038433 40796241 58319650 56242192 5550522 181 2949272 552527 78174661 65640880 2225909 2279281 23947382 8981166 62203669 60549872 88308524 102450780 176685484 174261099 X -99599720 -109165354 691123 144803 397774 400332 -98510823 -108620219 78174661 65640880 X -8019992 -2447 -2086957 X 0 1 X 1 0 X 352804 150289 345848 493807 175559 1518307 18090455 18395735 18488162 19000152 19172044 93146548 18443259 18546024 18834010 19493959 19347603 94664855 0 0 0 94664855 243904 273379 173604 207533 164153 1062573 243904 273379 173604 207533 164153 1062573 18687163 18819403 19007614 19701492 19511756 95727428 0.98890 0.98940 0.01110 0.01060 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 1083 1083 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. 397774 2558 400332 396268 1506 397774 355171 41097 396268 334483 20688 355171 244268 90215 334483 1.00000 0 1 1 4543498 4543498 72023162 28083004 43940158 2392902 1715713 677189 18078871 10997524 7081347 56242192 REFUNDABLE ENTRANCE FEES 1855644 DUE TO ACOMM 37455764 DEPOSITS FROM PROSPECTIVE RESIDENTS 197280 PROJECTED REFUND OF STANDARD ENTRANCE FEES 76656 CONTINGENT REFUNDABLE ENTRANCE FEE LIABILITY 60692165 ESTIMATED OBLIGATION TO PROVIDE FUTURE SERVICES 2173271 102450780 X 17163997 -2447 -2212687 -2215134 19379131 0 19379131 27273393 2880 2880 27270513 128610 128610 27399123 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. PART XI, LINE 2D - OTHER ADJUSTMENTS: CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF ASBURY FOUNDATION, INC. 86,314. RENTAL EXPENSES 2,880. CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES -2,173,271. BENEVOLENT CARE -128,610. PART XII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSES 2,880. PART XII, LINE 4B - OTHER ADJUSTMENTS: BENEVOLENT CARE 128,610. 1 BENEVOLENT CARE FOR SKILLED NURSING RESIDENTS 3 128610 PART I, LINE 2: ALL RESIDENTS INQUIRING ABOUT BENEVOLENT CARE MUST COMPLETE AND SIGN THE BENEVOLENT CARE APPLICATION WHICH SHALL BE REVIEWED FOR APPROVAL BY THE COMMUNITY REPRESENTATIVE RESPONSIBLE FOR BENEVOLENT CARE. ONCE THE APPLICATION IS REVIEWED, THE EXECUTIVE DIRECTOR WILL APPROVE OR DENY ELIGIBILITY. DOCUMENTS RELATED TO BENEVOLENT CARE APPLICATION/REDETERMINATION AND ON-GOING MANAGEMENT WILL BE MAINTAINED ON-SITE UNTIL THE END OF THE CALENDAR YEAR IN WHICH THE RESIDENT IS NO LONGER RECEIVING ASSISTANCE FROM BENEVOLENT CARE. THEREAFTER THE RECORDS WILL BE MAINTAINED FOR FIVE (5) YEARS, EITHER ON-SITE OR IN STORAGE IN ACCORDANCE WITH THE RECORDS MANAGEMENT PROGRAM. X X X X X X 0 1 0 1 0 0 0 0 0 SUE DACAMARA VP, SECRETARY 0 399058 0 17874 0 6034 0 10900 0 11767 0 445633 0 0 ROBIN STERN VP, ASST SECRETARY 0 228351 0 10979 0 2127 0 10037 0 14137 0 265631 0 0 ANDREW JOSEPH ASST. SECRETARY 0 235977 0 14003 0 1183 0 10380 0 12436 0 273979 0 0 PEGGY CRESPI KAPLAN VP, ASST. SECRETARY 0 337559 0 15452 0 1494 0 6275 0 10281 0 371061 0 0 DOUG LEIDIG VP, ASST. TREASURER 0 520936 0 30000 0 260798 0 10900 0 15257 0 837891 0 0 KIM EHRENFRIED ASST. TREASURER 0 204740 0 12207 0 662 0 9392 0 14496 0 241497 0 0 RHONDA TERANTO VP,TREASURER 0 203582 0 13048 0 1873 0 9355 0 11309 0 239167 0 0 ANDREW JEANNERET VP, ASST. TREASURER 0 335169 0 11168 0 1727 0 8062 0 12931 0 369057 0 0 DR MIKE MITCHELL EXECUTIVE DIRECTOR 199651 0 16115 0 4678 0 0 0 7585 0 228029 0 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. PART I, LINE 4B DOUG LEIDIG, VP/ASST. TREASURER, PARTICIPATES IN A 457(F) PLAN. HIS DISTRIBUTION WAS $241,336 IN 2018. PART I, LINE 5 THE EXECUTIVE DIRECTOR'S INCENTIVE COMPENSATION IS BASED IN PART UPON THE OPERATING RATIO OF THE FACILITY 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 9615000 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 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 EFFORTS ARE PRIMARILY FOCUSED ON: -SUPPORTING SENIOR WELLNESS IN THE REGIONS WHERE WE OPERATE -TRAINING THE NEXT GENERATION OF AGING SERVICES PROFESSIONALS -BENEVOLENT CARE 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. EVERY OTHER MONTH, THE DINING TEAM OF INVERNESS VILLAGE SERVES A DINNER TO THE 175 PEOPLE WHO RECEIVE SERVICES AT THE TULSA DAY CENTER HOMELESS SHELTER. THE TEAM GOES OUT OF ITS WAY TO MAKE THE MEAL DELICIOUS AND VISUALLY APPEALING, ADDING IN THEIR HOMEMADE DESSERTS. INVERNESS PROVIDED A BUS AND DRIVER TO TRANSPORT RESIDENTS OF COUNTRY OAKS RETIREMENT COMMUNITY TO A GROUP OUTING. DURING 2018, INVERNESS VILLAGE CONDUCTED A FOOD DRIVE FOR CATHOLIC CHARITIES OF TULSA. FOOD WITH A VALUE OF OVER $8,000 WAS DONATED. INVERNESS DONATED FOOD AND SERVICE TO THE TULSA DAY CENTER FOR THE HOMELESS MONTHLY FROM MARCH THROUGH SEPTEMBER 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 FOOD, SUPPLIES, AND TRANSPORTATION SERVICES SO THAT CHILDREN WITH DISABILITIES COULD ATTEND A 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 2018, THE CAMPUS WELLNESS DIRECTOR HELD MOCK INTERVIEWS AND EVALUATIONS FOR OSU STUDENTS CLOSE TO GRADUATION. WELLNESS ASSOCIATES PRESENTED AT THE LEADING AGE OK CONFERENCE ON "FITNESS AND WELLNESS: MEASURE IT SO YOU CAN MANAGE IT". AND, FINALLY, IN THE AREA OF ENVIRONMENTAL SUSTAINABILITY, INVERNESS RECYCLED 57,927 POUNDS OF MATERIALS DURING 2018 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 3 ASBURY COMMUNITIES, INC. PROVIDED SPECIFIC BUSINESS AND OPERATIONAL SERVICES PURSUANT TO A MANAGEMENT SERVICES 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 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 10/2/19. 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 2018. 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 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 2,400 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2018 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $225.7 MILLION AND TOTAL ASSETS IN EXCESS OF $642 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 86,314. CHANGE IN OBLIGATION TO PROVIDE FUTURE SERVICES -2,173,271. 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 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 1 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1