2017-11-10T13:30:23-06:00 2016-12-31 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2016-01-01 731539802 INVERNESS VILLAGE AN OKLAHOMA NOT-FOR- PROFIT INVE 9184819988 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 KIM EHRENFRIED ASSISTANT TREASURER 9184819988 2017-11-09 1 JOHN NORMAN P01506766 4104530900 2017-11-07 67.137.57.251 2017-11-09 09:02:59 ES P 54D5E4BA1470F8C36BA6B05316F79CBB30854ABE BA538626596D3EF442D575632A9DFA3536DD11CA 2016 2021-01-29 14:40:06Z X MARK GRAY 5285 WESTVIEW DRIVE NO 200 FREDERICK MD 21703 20889545 0 X WWW.INVERNESSVILLAGE.COM X 1998 OK DOING ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. 11 8 275 101 0 0 150289 345848 18395735 18488162 188274 -119993 39318 34438 18773616 18748455 0 0 0 0 7154720 7549697 0 0 138530 16748527 16489146 23903247 24038843 -5129631 -5290388 81737024 81616010 175216498 176843024 -93479474 -95227014 X OUR MISSION IS TO DO ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. 0 0 3376401 3179788 SKILLED NURSING FACILITY: OPERATION OF A 44 BED SKILLED NURSING FACILITY (SNF) FOR OLDER ADULTS PROVIDING 15,245 RESIDENT DAYS OF SERVICE IN 2016. THE ORGANIZATION PROVIDED CONTRACTUAL ALLOWANCES OF $2,130,992 TO RESIDENTS IN THE SNF, INCLUDING LIFE CARE CONTRACTS, AND $288,801 OF BENEVOLENT CARE TO SNF RESIDENTS IN 2016. 2617207 2464803 ASSISTED LIVING FACILITY: OPERATION OF A 47 SUITE ASSISTED LIVING FACILITY FOR OLDER ADULTS, PROVIDING 15,191 RESIDENT DAYS OF SERVICE IN 2016. THE ORGANIZATION PROVIDED $13,690 OF BENEVOLENT CARE TO ASSISTED LIVING RESIDENTS. 13510307 12723579 RESIDENTIAL LIVING: OPERATION OF 256 RESIDENTIAL LIVING UNITS FOR OLDER ADULTS, PROVIDING 82,258 RESIDENT DAYS OF SERVICE IN 2016. THE ORGANIZATION PROVIDED $693,805 OF CONTRACTUAL ALLOWANCES TO RESIDENTIAL LIVING RESIDENTS AND $10,017 OF BENEVOLENT CARE.SEE SCHEDULE O FOR COMMUNITY BENEFITS INFORMATION. 19503915 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 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 1 275 1 0 0 0 0 0 0 0 0 0 0 X 11 8 0 0 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 JAN SLATER CHAIR 2.00 X X 0 0 0 STEVE MACKEY VICE CHAIR 2.00 X X 0 0 0 PAT BAILEY DIRECTOR 2.00 X 0 0 0 ROBERT BERRY DIRECTOR 2.00 X 0 0 0 JOHN COCKRUM DIRECTOR 2.00 X 0 0 0 ELAINE HORKEY DIRECTOR 2.00 X 0 0 0 DR KENDRA JEZEK DIRECTOR 2.00 X 0 0 0 DIXIE REPPE DIRECTOR 2.00 X 0 0 0 NORMA TYLER DIRECTOR 2.00 X 0 0 0 WAYNE WALTHALL DIRECTOR 2.00 X 0 0 0 MARK GRAY PRESIDENT 60.00 X X 205648 0 18339 SUE DACAMARA VICE PRESIDENT 1.00 60.00 X 0 434981 21001 PEGGY CRESPI KAPLAN VP, SECRETARY 1.00 62.00 X 0 365436 21001 ROBIN STERN VP, ASST SECRETARY 1.00 58.00 X 0 214584 21561 ANDREW JOSEPH ASST. SECRETARY 1.00 62.00 X 0 230942 22239 SANDRA DANIELS ASST. SECRETARY 40.00 2.00 X 59244 0 7222 MICHAEL CONNELL VP, TREASURER 1.00 61.00 X 0 433625 24268 DOUG LEIDIG VP, ASST. TREASURER 1.00 61.00 X 0 552887 24765 KIM EHRENFRIED ASST. TREASURER 1.00 62.00 X 0 210699 22287 JESSICA PAGE DIRECTOR MARKETING 40.00 X 119470 0 4097 STEVEN WALKINGSTICK ADMINISTRATOR HEALTH SVS 40.00 X 102808 0 8976 487170 2443154 195756 3 0 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE 2525096 MILL CREEK CARPET & TILE COMPANY 6845 E 41ST STREET TULSA OK 74145 REMODELING SERVICE 498336 HOFFMAN FIXTURES COMPANYKITCHEN & BATH 6031 S 129TH E AVENUE TULSA OK 74134 REMODELING SERVICE 468865 GREEN WING LAWN & LANDSCAPE SERVICES IN PO BOX 471498 TULSA OK 74147 LAWN MAINTENANCE 430862 HARP ELECTRIC COMPANY 5009 W 62ND STREET TULSA OK 74131 ELECTRICAL WORK 416376 13 345848 345848 NET SERVICE REVENUE 623312 15087774 15087774 AMORTIZATION OF ENTRANCE FEES 623312 1709858 1709858 MEDICARE PAYMENTS 623312 1454749 1454749 OTHER OPERATING REVENUE 623312 235781 235781 18488162 135905 135905 37699 3261 34438 34438 34438 1881931 2137829 -255898 -255898 -255898 18748455 18488162 0 -85555 290453 290453 5611140 4993754 521295 96091 152453 137955 14046 452 1071422 668673 397356 5393 424229 371140 53089 1043817 1007223 36594 158360 158360 20778 20778 1709045 1553905 155140 68020 67845 175 700094 569570 130524 651187 8444 642743 926074 856559 69515 46544 22557 23987 3697865 3685662 12203 4076433 4062981 13452 90819 90819 FOOD 952693 952693 REPAIRS & MAINTENANCE 663769 646973 16796 PHARMACY & MEDICAL SUPP 204813 202801 2012 OTHER TAXES 183641 183641 1295194 518762 776432 24038843 19503915 4396398 138530 1010219 1914503 9247462 9280322 457987 231055 1868840 2625416 39424 32147 77702 95847 94485553 35049407 60394671 59436146 5962358 5831250 2678361 2169324 81737024 81616010 2160381 2166787 11606444 19042294 65836264 64052466 95613409 91581477 175216498 176843024 X -94123873 -95828051 289228 204769 355171 396268 -93479474 -95227014 81737024 81616010 X -5290388 374064 3168784 X X 0 1 X 1 0 X 264918 352804 150289 345848 1113859 17374925 17633561 18090455 18395735 18488162 89982838 17374925 17898479 18443259 18546024 18834010 91096697 0 0 0 91096697 41484 99603 243904 273379 173604 831974 41484 99603 243904 273379 173604 831974 17416409 17998082 18687163 18819403 19007614 91928671 0.99090 0.99240 0.00910 0.00760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 0 0 0 0 0 0 0 0 1 226 226 0 PART II-B, LINE 1: A PORTION OF INVERNESS VILLAGE'S DUES TO LEADINGAGE OKLAHOMA WERE USED FOR LOBBYING ACTIVITIES. 355171 41097 396268 334483 20688 355171 244268 90215 334483 12889 231379 244268 10282 2607 12889 1.00000 0 1 1 4543498 4543498 80653847 27818892 52834955 6844296 5768845 1075451 2443912 1461670 982242 59436146 REFUNDABLE ENTRANCE FEES 2114296 DUE TO ACOMM 34271818 DEPOSITS FROM PROSPECTIVE RESIDENTS 239500 PROJECTED REFUND OF STANDARD ENTRANCE FEES 196128 CONTINGENT REFUNDABLE ENTRANCE FEE LIABILITY 54759735 91581477 X 22294564 374064 3172045 3546109 18748455 0 18748455 24042104 3261 3261 24038843 0 24038843 PART V, LINE 4: THE INTENDED USE OF THE ENDOWMENT FUNDS IS TO PROVIDE BENEVOLENT CARE. PART X, LINE 2: THE COMPANY 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 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 - RECONCILING ITEMS: TRANSFER FROM ACOMM 3,000,000 CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF ASBURY FOUNDATION, INC. 168,784 RENTAL EXPENSES 3,261 TOTAL TO SCHEDULE D, PART XI, LINE 2D 3,172,045 PART XII, LINE 2D - RECONCILING ITEM: RENTAL EXPENSES 3,261 X X X X X X 1 0 0 0 0 0 0 0 0 MARK GRAY PRESIDENT 195526 0 1001 0 9121 0 7938 0 10401 0 223987 0 0 0 SUE DACAMARA VICE PRESIDENT 0 388747 0 27771 0 18463 0 10600 0 10401 0 455982 0 0 PEGGY CRESPI KAPLAN VP, SECRETARY 0 327885 0 26685 0 10866 0 10600 0 10401 0 386437 0 0 ROBIN STERN VP, ASST SECRETARY 0 197393 0 7360 0 9831 0 7973 0 13588 0 236145 0 0 ANDREW JOSEPH ASST. SECRETARY 0 206990 0 15290 0 8662 0 8074 0 14165 0 253181 0 0 MICHAEL CONNELL VP, TREASURER 0 281489 0 26427 0 125709 0 10103 0 14165 0 457893 0 0 DOUG LEIDIG VP, ASST. TREASURER 0 471909 0 66422 0 14556 0 10600 0 14165 0 577652 0 0 KIM EHRENFRIED ASST. TREASURER 0 192068 0 14523 0 4108 0 8122 0 14165 0 232986 0 0 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR IS APPROVED BY THE COMPENSATION COMMITTEE OF THE BOARD OF ASBURY COMMUNITIES, INC. FOR 2016, THE BOARD DELEGATED AUTHORITY FOR ALL DISQUALIFIED PERSONS COMPENSATION, INCLUDING THE CEO, TO THE COMPENSATION COMMITTEE. PART I, LINE 4A MICHAEL CONNELL RECEIVED $116,918 UPON SEPARATING FROM ASBURY COMMUNITIES, INC., A RELATED ORGANIZATION. 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 6568801 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 0.00500 0.00500 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 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 VILLAGE DONATED OVER 250 MEDICATIONS TO INDIGENT POPULATIONS AND THE UNINSURED IN THE TULSA AREA THROUGH THE TULSA COUNTY PHARMACY. THE INVERNESS BUS DRIVER PROVIDED TRANSPORTATION ON TEN OCCASIONS FOR RESIDENTS FROM VINTAGE HOUSING TO AREA RESTAURANTS FOR DINNER. DURING 2016, INVERNESS VILLAGE DONATED 35 TURKEYS TO THE IRON GATE SOUP KITCHEN. INVERNESS DONATED FOOD TO THE TULSA DAY CENTER FOR THE HOMELESS THAT PROVIDED DINNER FOR 125 PEOPLE IN NOVEMBER AND 175 PEOPLE IN DECEMBER. INVERNESS DONATED SPACE TO VARIOUS COMMUNITY ORGANIZATIONS THROUGHOUT THE YEAR FOR THEIR MEETINGS. IN THE AREA OF TRAINING THE NEXT GENERATION OF SENIOR CARE LEADERS, AN INVERNESS VILLAGE ASSISTED WITH THE SPEED NETWORKING AT OKLAHOMA STATE UNIVERSITY(OSU) FOR THE INTERNSHIP CLASS. THE DIRECTOR OF WELLNESS SPOKE TO OSU STUDENTS REGARDING TRENDS IN THE AGING INDUSTRY AND SUCCESSFUL AGING. IN SEPTEMBER, THE CAMPUS'S WELLNESS DIRECTOR HELD MOCK INTERVIEWS FOR OSU STUDENTS CLOSE TO GRADUATION. THE EXECUTIVE DIRECTOR AT INVERNESS SPOKE AT THE LEADING AGE NATIONAL CONFERENCE ON CREATING A CULTURE OF WELLNESS BY INTEGRATIVE WELLNESS STRATEGIES AND OPERATIONAL WELLNESS THROUGHOUT THE ORGANIZATION. FINALLY, IN THE AREA OF ENVIRONMENTAL SUSTAINABILITY, INVERNESS RECYCLED 76,258 POUNDS OF MATERIALS DURING 2016 WITH SHOW, INC., A RECYCLING COMPANY WHICH HIRES PEOPLE WITH DEVELOPMENTAL DISABILITIES. INVERNESS ALSO REPLACED ITS USE OF STYROFOAM TO-GO FOOD CONTAINERS WITH REUSABLES. 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 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., ASBURY, 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 10/25/17. THE ASBURY COMMUNITIES, INC., FOUNDATION, ASBURY ATLANTIC, ASBURY SOLOMONS, ASBURY COMMUNITIES HCBS, CALVERT COUNTY NURSING CENTER, ASBURY, INC., 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 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 SYSTEM-WIDE AUDIT AND COMPLIANCE COMMITTEE. A REPORT WAS MADE TO THE BOARD THAT THERE WERE NO CONFLICTS DURING 2016. 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 PROTOCAL OUTLINED IN THE CONFLICT OF INTEREST POLICIES AND PROCEDURES. 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 INDEPENDENT COMPENSATION CONSULTANTS AND ATTORNEY ARE ALSO PRESENT AT THE MEETING OF THE EXECUTIVE COMMITTEE AT WHICH THE EXECUTIVE COMMITTEE CONSIDERS THE RECOMMENDATION OF THE COMPENSATION COMMITTEE. AT THIS MEETING THE EXECUTIVE COMMITTEE RECEIVES ALL OF THE SAME INFORMATION WHICH WAS PRESENTED TO THE COMPENSATION COMMITTEE AND HAS THE OPPORTUNITY TO ASK QUESTIONS AND EVALUATE THE MATERIALS. THE FULL BOARD(S) OF ASBURY COMMUNITIES 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 SULLIVAN COTTER (A COMPENSATION CONSULTING FIRM). THE SYSTEM WIDE COMPENSATION COMMITTEE HAS DEVELOPED AND USES A COMPENSATION PHILOSOPHY DOCUMENT WHICH ESTABLISHES GUIDELINES FOR COMPENSATION AND IDENTIFIES COMPARABLE DATA. THE COMMITTEE HOLDS A MINIMUM OF 4 MEETINGS EACH YEAR. AT THE FALL MEETING THEY REVIEW SULLIVAN COTTER DATA AND REPORTS IN ORDER TO MAKE RECOMMENDATIONS REGARDING SALARIES AND BENEFITS. THIS ANNUAL REVIEW ALSO ENSURES COMPLIANCE WITH IRS INTERMEDIATE SANCTIONS REQUIREMENTS. THE BOARD OF DIRECTORS ULTIMATELY REVIEWS/APPROVES/ AND OR ADJUSTS RECOMMENDATIONS FROM THE SYSTEM-WIDE COMPENSATION COMMITTEE AND SETS COMPENSATION. THE PROCESS WAS LAST REVIEWED IN 2016. 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 2016 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $212.4 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 168,784. TRANSFER FROM ACOMM 3,000,000. FORM 990, PART XII, LINE 2C THERE HAS BEEN NO CHANGE IN OVERSIGHT PROCESS FROM THE PRIOR YEAR. 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 HOUSING AND 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 THE ASBURY GROUP INC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 205038820 MANAGEMENT SERVICES DE ASBURY COMMUNITIES INC C 0 TAG MARKETING LLC 5285 WESTVIEW DRIVE 200 FREDERICK MD 21703 262896006 MARKETING SRVCS 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 0 0 1 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 1 SCHEDULE R, PART IV TAG MARKETING, LLC WAS DISSOLVED ON JUNE 1, 2016.