2015-11-12T12:37:10-06:00 2014-12-31 410746749 CLIFTONLARSONALLEN LLP 1966 GREENSPRING DRIVE SUITE 300 TIMONIUM MD 210934161 990 2014-01-01 521862677 ASBURY COMMUNITIES INC ASBU 3012502100 20030 CENTURY BLVD NO 300 GERMANTOWN MD 208741112 KIM EHRENFRIED ASSISTANT TREASURER 3012502100 2015-11-12 1 JONATHAN HANSEN P01871557 4104530900 2014 2016-04-25 22:37:26Z EDWIN C THOMAS III 20030 CENTURY BLVD NO 300 GERMANTOWN MD 208741112 21475974 0 X WWW.ASBURY.ORG X 1994 MD DOING ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE 15 13 73 16 5812 0 0 0 9747254 10355344 1248581 1170319 0 0 10995835 11525663 0 0 0 0 9567776 9938039 0 0 0 3171764 3145254 12739540 13083293 -1743705 -1557630 38920371 40923790 15743438 16053611 23176933 24870179 X OUR MISSION IS TO DO ALL THE GOOD WE CAN BY PROVIDING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE. AS THE NOT-FOR-PROFIT PARENT OF THE ASBURY SYSTEM, WE GUIDE OUR COMMUNITIES AND AFFILIATED ORGANIZATIONS IN PROVIDING THE BEST POSSIBLE EXPERIENCE FOR THE OLDER ADULTS WE SERVE, AS WELL AS FAMILIES, EMPLOYEES, VOLUNTEERS AND PARTNERS. 0 0 11420781 10355344 PROVIDED ADMINISTRATIVE AND MANAGEMENT SERVICES TO SUPPORTED ORGANIZATIONS LOCATED IN PENNSYLVANIA, OKLAHOMA AND MARYLAND. THESE SUPPORTED ORGANIZATIONS ARE CONTINUING CARE RETIREMENT COMMUNITIES WHICH INCLUDE RESIDENTIAL LIVING UNITS FOR THE AGED, ASSISTED LIVING UNITS AND SKILLED NURSING FACILITIES. IN ADDITION, ASBURY COMMUNITIES, INC. PROVIDES MANAGEMENT SERVICES TO ASBURY COMMUNITIES HCBS, INC. WHICH PROVIDES HOME CARE SERVICES FOR THE AGED. ALL OF THE SUPPORTED ORGANIZATIONS ARE NOT FOR PROFIT 501(C)(3) TAX EXEMPT ORGANIZATIONS. A PORTION OF THE $10.4M ASBURY COMMUNITIES REVENUE IS FOR MANAGEMENT SERVICES CONTRACTED TO AND PAID FOR BY THE ASBURY GROUP, INC., A WHOLLY OWNED SUBSIDIARY OF ASBURY COMMUNITIES, INC. 11420781 1 0 0 0 0 0 0 0 0 0 1 0 0 1 0 1 0 1 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 1 1 0 0 1 312 0 73 1 1 1 0 0 0 0 0 0 0 0 0 X 15 13 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X X MICHAEL CONNELL CFO 3012502100 20030 CENTURY BLVD STE 300 GERMANTOWN MD 20874 X ELLEN M GOITA CHAIR 1.00 0.00 X X 0 0 0 DR ROBERT BURKE DIRECTOR 1.00 0.00 X 0 0 0 FREDERICK DOGGETT DIRECTOR 1.00 0.00 X 0 0 0 ROBERT BOYD DIRECTOR 1.00 0.00 X 0 0 0 JEFFREY ERNICO DIRECTOR 1.00 0.00 X 0 0 0 PHILIP T GOLDSTEIN DIRECTOR 1.00 0.00 X 0 0 0 MEARLE L GRIFFITH DIRECTOR 1.00 0.00 X 0 0 0 ROCHELLE L KROWINSKI DIRECTOR 1.00 0.00 X 0 0 0 NANCY ORTMEYER KUHN DIRECTOR 1.00 0.00 X 0 0 0 CAROL BRYDEN MOORE DIRECTOR 1.00 0.00 X 0 0 0 JAMES RUTH DIRECTOR 1.00 0.00 X 0 0 0 LOWELL STARLING DIRECTOR 1.00 0.00 X 0 0 0 PATRICIA NEUMAN DIRECTOR 1.00 0.00 X 0 0 0 CAROLYN STAMATAKIS VICE CHAIR 1.00 0.00 X X 0 0 0 EDWIN C THOMAS III PRESIDENT/CEO 60.00 6.00 X X 557898 0 20864 LOU GRAMMES DIRECTOR 1.00 0.00 X 0 0 0 THOMAS HOLETS DIRECTOR 1.00 0.00 X 0 0 0 PEGGY CRESPI KAPLAN VP, SECRETARY 60.00 6.00 X 321219 0 20864 ANDREW JOSEPH ASST. SECRETARY/ASST. TREA 50.00 6.00 X 203122 0 21320 DOUG LEIDIG VP, ASST. SECRETARY/ASST. TREA 60.00 6.00 X 392943 0 23595 BRAD REYNOLDS VP, ASST. SECRETARY 50.00 6.00 X 300683 0 10400 MICHAEL CONNELL VP, TREASURER 60.00 6.00 X 313960 0 23595 KIM EHRENFRIED ASST. TREASURER 60.00 6.00 X 181068 0 20438 SUE DACAMARA VICE PRESIDENT 60.00 6.00 X 338920 0 20864 ANN E GILLESPIE VICE PRESIDENT 60.00 6.00 X 319401 0 23595 CHIP BURNS VICE PRESIDENT 6.00 60.00 X 0 299883 20864 MEREDITH BOYLE CHIEF MARKETING OFFICER 60.00 0.00 X 330119 0 23595 MICHAEL L REYNOLDS DIRECTOR OF PROJECT DEVELO 50.00 0.00 X 228371 0 22330 TARA MCDANIEL VP STRATEGIC COMMUNICATIONS 50.00 0.00 X 170521 0 20016 RHONDA TERANTO VP-FINANCIAL STRATEGIES 55.00 1.00 X 184034 0 20556 PAULA GALLIANI DIRECTOR OF FINANCIAL PLAN 50.00 0.00 X 158431 0 17571 ROBIN STERN REGIONAL DIRECTOR OF OPS 50.00 0.00 X 177864 0 20310 4178554 299883 330777 26 0 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 CONTRACT LABOR-TRAINING 145293 WITTKIEFFER FORD HAELMAN LLOYD CORP 2015 SPRING ROAD SUITE 510 OAK BROOK IL 60523 EXECUTIVE SEARCH SERVICES 135656 DUGGAN & ASSOCIATES 24536 FOSSEN ROAD DAMASCUS MD 20872 LEADERSHIP TRAINING & DEVELOPMENT 113865 STANTON COMMUNICATIONS 1150 CONNETICUT AVENUE NW SUITE 81 WASHINGTON DC 20036 PUBLIC RELATIONS SERVICES 105740 4 MANAGEMENT FEES 541610 10355344 10355344 10355344 827306 5812 821494 10293324 9950311 343013 343013 343013 11525663 10355344 5812 1164507 3468464 2889702 578762 5482755 5356796 125959 152548 149627 2921 379275 309235 70040 454997 433518 21479 54765 54765 57629 57629 856655 686670 169985 202711 202711 852982 756832 96150 11929 11929 1960 1905 55 207537 196173 11364 152 152 175731 175731 54420 53541 879 DUES AND SUBSCRIPTIONS 109185 93373 15812 EDUCATION AND TRAINING 68395 66512 1883 REPAIRS AND MAINTENANCE 12965 10876 2089 OTHER TAXES 6893 6689 204 471345 206469 264876 13083293 11420781 1662512 0 3269511 1548076 102685 256946 1441665 1014100 529192 427565 27481276 31452867 7537707 7238336 38920371 40923790 15593760 15885141 149678 168470 15743438 16053611 X 23176933 24870179 23176933 24870179 38920371 40923790 X -1557630 -37755 3288631 X 0 1 X 1 0 X X X 5 ASBURY ATLANTIC INC 520607956 09 1 0 0 ASBURY SOLOMONS INC 521862675 09 1 0 0 INVERNESS VILLAGE 731539802 09 1 0 0 ACOMM HCBS INC 450634490 09 1 0 0 ASBURY FOUNDATION INC 521862674 07 1 0 0 5 0 1 0 0 0 1 0 0 0 0 0 0 0 0 0 0 1 1 1 X X 1 1 1 1 SCHEDULE A, PART I, LINE 11G, COLUMN VI ASBURY COMMUNITIES, INC. PROVIDES SUPPORT THROUGH ITS EXECUTIVE MANAGEMENT FUNCTIONS AS WELL AS POLICY AND OVERALL GUIDANCE TO ITS SUPPORTED ORGANIZATIONS, ASBURY ATLANTIC, INC., ASBURY-SOLOMONS, INC., INVERNESS VILLAGE, AN OKLAHOMA NOT-FOR-PROFIT CORPORATION, ASBURY COMMUNITIES HCBS, INC., AND ASBURY FOUNDATION, INC. THESE SERVICES INCLUDE FINANCE, LEGAL, ACCOUNTING, HUMAN RESOURCES, COMMUNICATIONS, INFORMATION TECHNOLOGY, GOVERNANCE SUPPORT AND MARKETING SUPPORT TO THE SUPPORTED ORGANIZATIONS NOTED ABOVE. ASBURY COMMUNITIES, INC. HAS A MANAGEMENT SERVICES AGREEMENT WITH ITS SUPPORTED ORGANIZATIONS WHICH OUTLINES THE MANAGEMENT SERVICES PROVIDED. FOR THE PURPOSE OF SCHEDULE A PART I LINE 11G(VI), THE AMOUNT OF OTHER SUPPORT HAS NOT BEEN ATTRIBUTED TO ANY OF THE INDIVIDUAL SUPPORTED ORGANIZATIONS. HOWEVER, THE ORGANIZATION DOES BELIEVE THE AMOUNT OF SUPPORT PROVIDED TO THESE ENTITIES IS $11,975,065, A PORTION OF WHICH ASBURY COMMUNITIES IS REIMBURSED FOR. ALSO INCLUDED IN TOTAL EXPENSES IS $1,108,228 OF SUPPORT PROVIDED TO THE ASBURY GROUP, INC. FOR WHICH ASBURY COMMUNITIES IS REIMBURSED. THE TOTAL OF THESE AMOUNTS EQUALS $13,083,293-TOTAL EXPENSE REPORTED IN PART IX IN THE FORM 990. SCHEDULE A, PART IV, SECTION E, LINE 1A ASBURY COMMUNITIES, INC. PROVIDES SERVICES TO ITS SUPPORTED ORGANIZATIONS WHICH WOULD OTHERWISE HAVE TO BE PROVIDED. THE SERVICES THEY RECEIVE FROM ASBURY COMMUNITIES ARE FINANCE, LEGAL, ACCOUNTING, HUMAN RESOURCES, COMMUNICATIONS, INFORMATION TECHNOLOGY, GOVERNANCE SUPPORT AND MARKETING SUPPORT. SCHEDULE A, PART IV, SECTION E, LINE 2A SEE DISCLOSURE FOR SCHEDULE A, PART IV, SECTION E, LINE 1A. SCHEDULE A, PART IV, SECTION E, LINE 2B SEE DISCLOSURE FOR SCHEDULE A, PART IV, SECTION E, LINE 1A. SCHEDULE A, PART IV, SECTION E, LINE 3A THE ORGANIZATION'S BOARD OF DIRECTORS ELECTS DIRECTORS OF SUPPORTED ORGANIZATIONS ON AN ANNUAL BASIS. SCHEDULE A, PART IV, SECTION E, LINE 3B THE ORGANIZATION OBTAINS INFORMATION FROM THE SUPPORTED ORGANIZATIONS REGARDING THEIR UPCOMING NEEDS AND CREATES SYSTEMWIDE POLICIES, PROGRAMS, AND ACTIVITIES TO MEET NEEDS OF THE SUPPORTED ORGANIZATIONS. SCHEDULE A, PART IV, SECTION D, LINE 3 THE FINANCE COMMITTEE, WHICH HAS VOTING REPRESENTATION FROM THE SUPPORTED ORGANIZATIONS' BOARD MEMBERS, MAKES INVESTMENT RECOMMENDATIONS AND RECOMMENDATIONS ON FINANCIAL MATTERS AND REVIEWS ALL OF THE BUDGETS OF THE VARIOUS ENTITIES IN THE ASBURY SYSTEM PRIOR TO THESE MATTERS BEING PRESENTED TO THE BOARD OF THE SUPPORTING AND/OR SUPPORTED ORGANIZATIONS FOR ACTION. TO DATE THE RECOMMENDATIONS OF THE FINANCE COMMITTEE HAVE BEEN FOLLOWED IN ALL INSTANCES. SCHEDULE A, PART IV, SECTION A, LINE 5A (I) ASBURY FOUNDATION, INC. EIN #52-1862674 (II) BECAUSE ASBURY COMMUNITIES PROVIDES FINANCIAL, LEGAL, AND ADMINISTRATIVE SERVICES TO THE FOUNDATION AT NO COST AND BECAUSE, BEGINNING IN 2014, ASSOCIATES SALARIES AND BENEFITS ARE CHARGED TO THE ASBURY ENTITY WHERE THEY DEDICATED THEIR TIME, IT WAS DETERMINED THAT THE FOUNDATION IS A SUPPORTED ORGANIZATION. (III) ARTICLE SECOND OF THE ARTICLES OF INCORPORATION (IV) AMENDMENT TO THE ORGANIZING DOCUMENTS 1373692 1014100 359592 67973 67973 427565 DUE FROM SUPPORTED ORGANIZATIONS 2453237 DEPOSITS 783324 OTHER RECEIVABLES 5050 DUE FROM THE ASBURY GROUP, INC. 1748720 INVESTMENT IN THE ASBURY GROUP, INC. 1291616 RELATED PARTY LOAN- TAG IT 956389 7238336 X 14776539 -37755 3288631 3250876 11525663 0 11525663 13083293 0 13083293 0 13083293 PART X, LINE 2: ALL OF ASBURY COMMUNITIES, INC. SUPPORTED ORGANIZATIONS ARE 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. IN ADDITION TO ITS SUPPORTED ORGANIZATIONS, ASBURY COMMUNITIES, INC. HAS A WHOLLY OWNED FOR PROFIT SUBSIDIARY, THE ASBURY GROUP ("TAG"). TAG IS ORGANIZED AS A FOR-PROFIT ENTITY AND IS SUBJECT TO FEDERAL AND STATE INCOME TAXES. INCOME TAXES FOR TAG ARE RECORDED AS DEFERRED TAX ASSETS AND LIABILITIES IN THE ISSUED CONSOLIDATED BALANCE SHEETS TO REFLECT TEMPORARY BOOK AND TAX DIFFERENCES. 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 AND EXECUTIVE COMMITTEE OF ALL COMPENSATION ARRANGEMENTS WITH DISQUALIFIED PERSONS, RETENTION OF OUTSIDE COUNSEL 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 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 IS NOT AWARE OF ANY TAX POSITIONS THAT WOULD 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. THE TAX RETURNS FOR THE YEARS 2011 TO 2013 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES. PART XI, LINE 2D - RECONCILING ITEM: TRANSFERS TO ACOMM FROM SUPPORTED ORGANIZATIONS 3,288,631 X X X X X X 1 0 0 0 0 0 0 0 0 EDWIN C THOMAS III PRESIDENT/CEO 551040 0 0 0 6858 0 10400 0 10464 0 578762 0 0 0 PEGGY CRESPI KAPLAN VP, SECRETARY 317655 0 0 0 3564 0 10400 0 10464 0 342083 0 0 0 ANDREW JOSEPH ASST. SECRETARY/ASST. TREA 202456 0 0 0 666 0 8125 0 13195 0 224442 0 0 0 DOUG LEIDIG VP, ASST. SECRETARY/ASST. TREA 392133 0 0 0 810 0 10400 0 13195 0 416538 0 0 0 BRAD REYNOLDS VP, ASST. SECRETARY 300326 0 0 0 357 0 10400 0 0 0 311083 0 0 0 MICHAEL CONNELL VP, TREASURER 313420 0 0 0 540 0 10400 0 13195 0 337555 0 0 0 KIM EHRENFRIED ASST. TREASURER 180474 0 0 0 594 0 7243 0 13195 0 201506 0 0 0 SUE DACAMARA VICE PRESIDENT 336598 0 0 0 2322 0 10400 0 10464 0 359784 0 0 0 ANN E GILLESPIE VICE PRESIDENT 317079 0 0 0 2322 0 10400 0 13195 0 342996 0 0 0 CHIP BURNS VICE PRESIDENT 0 296319 0 0 0 3564 0 10400 0 10464 0 320747 0 0 MEREDITH BOYLE CHIEF MARKETING OFFICER 327797 0 0 0 2322 0 10400 0 13195 0 353714 0 0 0 MICHAEL L REYNOLDS DIRECTOR OF PROJECT DEVELO 222153 0 0 0 6218 0 9135 0 13195 0 250701 0 0 0 TARA MCDANIEL VP STRATEGIC COMMUNICATIONS 170067 0 0 0 454 0 6821 0 13195 0 190537 0 0 0 RHONDA TERANTO VP-FINANCIAL STRATEGIES 182329 0 0 0 1705 0 7361 0 13195 0 204590 0 0 0 PAULA GALLIANI DIRECTOR OF FINANCIAL PLAN 156552 0 500 0 1379 0 6337 0 11234 0 176002 0 0 0 ROBIN STERN REGIONAL DIRECTOR OF OPS 176989 0 0 0 875 0 7115 0 13195 0 198174 0 0 0 PART I, LINE 3 THE COMPENSATION OF THE ORGANIZATION'S CEO/EXECUTIVE DIRECTOR IS APPROVED BY THE EXECUTIVE COMMITTEE OF THE BOARD OF ASBURY COMMUNITIES, INC. THE FULL BOARD IS INFORMED BUT IS NOT TASKED WITH APPROVING. PART I, LINE 4A BRAD REYNOLDS RECEIVED $208,726 UPON SEPARATING FROM THE ORGANIZATION. FORM 990, PART III, LINE 4 AS A NOT-FOR-PROFIT ORGANIZATION, ASBURY COMMUNITIES, INC. IS COMMITTED TO BEING A VALUED MEMBER OF THE COMMUNITY IN THE REGIONS WHERE IT OPERATES. OUR LEADERS, ASSOCIATES AND RESIDENTS WORK WITH COMMUNITY SERVICE ORGANIZATIONS, HEALTH PROVIDERS AND FOUNDATIONS ON PROGRAMS IDENTIFIED AS NEEDED IN THE LOCAL COMMUNITY, COMPORT WITH ASBURY'S MISSION TO "DO ALL THE GOOD WE CAN" AND THAT FOCUS ON FOUR AREAS IN PARTICULAR. THESE BROAD CATEGORIES, SOME OF WHICH ASBURY COMMUNITIES IS DIRECTLY INVOLVED IN AND SOME OF WHICH IT SUPPORTS IN ITS ROLE AS A SUPPORTING ORGANIZATION IN THE ASBURY SYSTEM, ARE: BENEVOLENT CARE, TRAINING THE NEXT GENERATION OF LEADERS IN THE SENIOR SERVICES PROFESSIONS, WORKING WITH AND SUPPORTING OTHER SENIOR SERVICES ORGANIZATIONS, AND GOING GREEN AND SUSTAINABLE. ASBURY'S COMMUNITY BENEFIT WORK IS FOCUSED ON IMPROVING THE LIVES OF THOSE WHO LIVE IN THE COMMUNITIES IN WHICH THE SERVICES ARE PROVIDED, REGARDLESS OF WHETHER THE INDIVIDUALS LIVE ON OR OFF AN ASBURY CAMPUS. TO ACHIEVE THIS GOAL ASBURY OFTEN WORKS WITH OTHER COMMUNITY ORGANIZATIONS. ASBURY WORKS HARD EACH YEAR TO EXPAND ITS WORK IN THE COMMUNITY IN MEANINGFUL WAYS THAT IT CAN SUSTAIN AND GROW. EXAMPLES OF ASBURY'S ACTIVITIES ARE SET FORTH BELOW. BENEVOLENT CARE: ASBURY COMMUNITIES PROVIDES ADMINISTRATIVE SUPPORT TO THE BENEVOLENT CARE PROGRAM WHICH PROVIDES FINANCIAL SUPPORT TO RESIDENTS WHO OUTLIVE THEIR RESOURCES THROUGH NO FAULT OF THEIR OWN. THIS SUPPORT INCLUDED: -ASBURY METHODIST VILLAGE $1,050,758 -ASBURY SOLOMONS $93,531 -BETHANY VILLAGE $954,049 -INVERNESS VILLAGE $151,154 -SPRINGHILL $33,100 FOR A TOTAL OF $2,282,592 WHICH IS MAINLY SUPPORTING SENIORS IN RESIDENTIAL LIVING AND ASSISTED LIVING FOR WHICH THERE IS NO OTHER SOURCE OF SUPPORT. IF THERE WAS NOT BENEVOLENT CARE THE INDIVIDUAL SENIORS WOULD NEED TO MOVE AND MOST LIKELY RELY ON GOVERNMENT SERVICES. ASBURY FULFILLS ITS COMMITMENT TO TRAINING THE NEXT GENERATION OF LEADERS IN THE SENIOR LIVING PROFESSIONS PRIMARILY IN TWO WAYS: 1) WORK WITH THE STATE AND NATIONAL ASSOCIATION LEADINGAGE, AND 2) THROUGH INDIVIDUAL INTERNSHIPS IN ITS COMMUNITIES. - ASBURY'S WORK WITH LEADINGAGE INCLUDES: -24 HOURS OF BOARD SERVICE VOLUNTEERED BY AN ASBURY VICE PRESIDENT -AN ASBURY EXECUTIVE SERVING ON THE AUDIT COMMITTEE OF LEADINGAGE -PARTICIPATION BY 4 ASBURY LEADERS IN THE LEADINGAGE HACKFEST, AN EVENT THAT CHALLENGES TEAMS OF PARTICIPANTS TO "ENGAGE WITH AGE" BY CREATING TECHNOLOGY-DRIVEN TOOLS AIMED AT IMPROVING THE LIVES OF OLDER ADULTS AND THEIR FAMILIES. TWO OF THE FOUR SERVED AS TEAM LEADERS AND MENTORS TO TEAMS, WITH TWO ASBURY-LED TEAMS PLACING HIGH IN THE COMPETITION. -THE ASBURY VICE PRESIDENT/CHIEF FINANCIAL OFFICER PROVIDED GUIDANCE TO OTHER CONTINUING CARE RETIREMENT ORGANIZATIONS ON FINANCIAL RATIOS AND BENCHMARKING AT THE LEADINGAGE ANNUAL MEETING. THE ASBURY VICE PRESIDENT CHIEF FINANCIAL OFFICER LECTURED TO GEORGE WASHINGTON UNIVERSITY MASTER'S DEGREE CANDIDATES ON SENIOR LIVING FINANCES AND EDUCATING THE INDUSTRY'S FUTURE LEADERS. SUPPORTING OTHER LOCAL SENIOR SERVICES: - ASBURY ASSOCIATES, AT ALL LEVELS OF THE ORGANIZATION, PROVIDE LEADERSHIP AND EDUCATION TO LOCAL GOVERNMENTS AND EMPLOYEES OF OTHER SENIOR SERVICES ORGANIZATIONS. FOR EXAMPLE, ASBURY STAFF PRESENTED A PROGRAM ON HEALTH CARE REFORM TO THE STAFF OF THE CALVERT COUNTY, MARYLAND, OFFICE ON AGING, AND WORKED CLOSELY THROUGH PRESENTATIONS, BOARD SERVICE, AS WELL AS PROGRAM DEVELOPMENT AND IMPLEMENTATION WITH THE UNITED METHODIST ASSOCIATION FOR SENIOR ORGANIZATIONS, AND LEADINGAGE ON BOTH STATE AND FEDERAL LEVELS. ASBURY ASSOCIATES ARE ALSO ACTIVELY ENGAGED ON THE BOARD AND AS EXAMINERS FOR CARF-CCAC, A NATIONAL ACCREDITING ORGANIZATION FOR SENIOR LIVING COMMUNITIES, AND CARF INTERNATIONAL, A NON-PROFIT ACCREDITOR OF HEALTH AND HUMAN SERVICES. GOING GREEN AND SUSTAINABLE: - ASBURY SOLOMONS' OYSTER GARDENING PROJECT SURPASSED 700,000 OYSTERS PLANTED ON THE COMMUNITY'S BREAKWATER, FURTHERING THE STATE OF MARYLAND'S RECOVERY EFFORTS FOR THE CHESAPEAKE BAY. - ASBURY CONTINUES TO WORK WITH ITS ENERGY PROVIDERS ON TRACKING ITS ENERGY USE AND SEEKING WAYS TO CONSERVE ENERGY WITHOUT A NEGATIVE IMPACT ON THE LIVES OF THOSE WE SERVE. OVER THE COURSE OF THIS INITIATIVE ASBURY HAS REDUCED ITS ENERGY FOOTPRINT. COMMUNITY SUPPORT: - ASBURY, IN CONJUNCTION WITH ITS RESIDENTS, ASSOCIATES, AND PARTNERS SERVING SENIORS, CONDUCTED A FOOD DRIVE FOR MANNA FOOD CENTER IN MONTGOMERY COUNTY, MARYLAND WHERE THE CORPORATE OFFICES ARE LOCATED. ASSOCIATES WORKED TO HAVE A SUCCESSFUL FOOD DRIVE DURING PAID BUSINESS HOURS AND COLLECTED MORE THAN $2,500 IN FOOD AND CASH DONATIONS, WITH ASBURY COMMUNITIES MAKING A CASH DONATION. ASBURY ASSOCIATES ALSO USE WORKING HOURS TO SUPPORT THE AMERICAN RED CROSS AND OTHER ORGANIZATIONS GIVING GENEROUSLY OF THEIR TIME, KNOWLEDGE AND RESOURCES TO BETTER THE OVERALL COMMUNITY. - AN ASBURY STAFF MEMBER PARTNERED WITH THE AMERICAN RED CROSS TO COORDINATE AND RUN THREE BLOOD DRIVES IN 2014, RESULTING IN 200 UNITS OF BLOOD COLLECTED. - ASBURY WORKS IN CONJUNCTION WITH, AND PROVIDES SUPPORT FOR, COMMUNITY PARTNERS THROUGHOUT THE ASBURY SYSTEM. THESE COMMUNITY ORGANIZATIONS INCLUDE: -ALZHEIMER'S ASSOCIATION -BOY SCOUTS OF AMERICA -BRIGHTFOCUS FOUNDATION -CATHOLIC CHARITIES -IDENTITY LATINO OUTREACH -INTERNATIONAL COUNCIL FOR ACTIVE AGING -GANNON UNIVERSITY -GEORGETOWN UNIVERSITY -GEORGE WASHINGTON UNIVERSITY -HOPE'S CROSSING CAMP -LIFE SENIOR SERVICES -LOYOLA UNIVERSITY -MANNA FOOD CENTER -MERCYHURST UNIVERSITY -MONTGOMERY COLLEGE SCHOOL OF NURSING -MONTGOMERY COUNTY PUBLIC SCHOOLS -NATIONAL COUNCIL OF CERTIFIED DEMENTIA PRACTITIONERS -NEW HOPE MINISTRIES -OKLAHOMA STATE UNIVERSITY -PARKINSON PARTNERS -SHADY GROVE ADVENTIST HOSPITAL -UNIVERSITY OF MARYLAND -WESLEY THEOLOGICAL SEMINARY 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 2 A DIRECTOR PROVIDED INVESTMENT ADVISORY SERVICES TO THE PRESIDENT/CEO AT AN ARMS LENGTH TRANSACTION BASIS. FORM 990, PART VI, SECTION B, LINE 11 ASBURY COMMUNITIES IS THE SOLE MEMBER OF ASBURY ATLANTIC, INC., ASBURY-SOLOMONS, INC., INVERNESS VILLAGE, AN OKLAHOMA NOT FOR PROFIT CORPORATION AND ASBURY COMMUNITIES HCBS, INC. ASBURY COMMUNITIES HAS A SYSTEM WIDE AUDIT COMMITTEE. THE ASBURY COMMUNITIES BOARD OF DIRECTORS HAS DELEGATED A REVIEW OF THE FORM 990 TO THE SYSTEM AUDIT COMMITTEE WHICH PERFORMED THEIR REVIEW ON OCTOBER 28TH. THE ASBURY COMMUNITIES, INC., FOUNDATION, ASBURY ATLANTIC, ASBURY SOLOMONS, ASBURY COMMUNITIES HCBS, AND INVERNESS VILLAGE BOARD OF DIRECTORS WERE FORWARDED A COPY OF THEIR RESPECTIVE DRAFT FORM 990 FOR THEIR REVIEW AND PROVIDED A LINK TO 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 THE STAFF AND AUDIT COMMITTEE. FORM 990, PART VI, SECTION B, LINE 12C THE ASBURY COMMUNITIES CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS. THE ASSISTANT GENERAL COUNSEL 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 DISCLOSURE FORM AND IS ADVISED OF THEIR FIDUCIARY OBLIGATIONS. THE COMPLIANCE OFFICER, WHO HAD A DIRECT REPORTING LINE TO THE CHAIR OF THE AUDIT COMMITTEE AND REPORTS QUARTERLY TO THE AUDIT COMMITTEE, ANALYZES ALL DISCLOSURE FORMS FOR POTENTIAL CONFLICTS, AND PREPARES A REPORT FOR THE SYSTEM-WIDE AUDIT COMMITTEE. A SUMMARY IS THEN PRESENTED TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. WHEN A CONFLICT OF INTEREST ARISES, THE INDIVIDUAL WILL BE REQUIRED TO RECUSE HIM OR HERSELF FROM THE BOARD DELIBERATIONS AND VOTE. 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 AS 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 AND ASBURY ATLANTIC EACH RECEIVE A PRESENTATION ONCE A YEAR ON EXECUTIVE COMPENSATION AND BENEFITS. THE VICE PRESIDENT OF HUMAN RESOURCES 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 TOWERS WATSON (A COMPENSATION CONSULTING FIRM). THE SYSTEM WIDE COMPENSATION COMMITTEE HOLDS A MINIMUM OF 4 MEETINGS EACH YEAR. AT THE FALL MEETING THEY REVIEW TOWERS WATSON DATA AND REPORTS IN ORDER TO MAKE RECOMMENDATIONS REGARDING SALARIES AND BENEFITS. THIS ANNUAL REVIEW ALSO ENSURES COMPLIANCE WITH IRS INTERMEDIATE SANCTIONS REQUIREMENTS. THE EXECUTIVE COMMITTEE ULTIMATELY REVIEWS/APPROVES/ AND OR ADJUSTS RECOMMENDATIONS FROM THE SYSTEM WIDE COMPENSATION COMMITTEE AND SETS COMPENSATION. THE PROCESS WAS LAST REVIEWED IN 2014. FORM 990, PART VI, SECTION C, LINE 19 GOVERNING DOCUMENTS AND CONFLICT OF INTEREST POLICY ARE AVAILABLE UPON REQUEST. AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON OUR WEBSITE. FORM 990, PART VII, SECTION A THE COMPENSATION OF ASBURY COMMUNITIES' OFFICERS AND KEY EMPLOYEES AS SHOWN ON THE FORM 990, PART VII, SECTION A, NOT ONLY RELATES TO THEIR RESPONSIBILITIES AT ASBURY COMMUNITIES, INC. BUT ALSO REFLECTS THEIR RESPONSIBILITY TO PROVIDE EXECUTIVE MANAGEMENT FUNCTIONS, AS WELL AS POLICY AND OVERALL GUIDANCE TO ITS SUPPORTED AND RELATED ORGANIZATIONS. THESE ORGANIZATIONS INCLUDE ASBURY ATLANTIC, INC., ASBURY-SOLOMONS, INC., INVERNESS VILLAGE, AN OKLAHMOA NOT-FOR-PROFIT CORPORATION, ASBURY COMMUNITIES HCBS, INC., AND ASBURY FOUNDATION, INC. ASBURY COMMUNITIES, INC., THE SUPPORTING PARENT COMPANY ALONE HAD 67 EMPLOYEES AS OF 12/31/2014. THE FORM 990, PART VII, SECTION A, HAS 26 INDIVIDUALS EARNING $100,000 OR MORE. ASBURY HAS A HIGH PERCENTAGE OF HIGHLY COMPENSATED INDIVIDUALS SINCE THESE SUPPORT POSITIONS ARE NOT STAFFED AT THE AFFILIATE LEVEL. THESE ASBURY COMMUNITIES, INC. EXECUTIVES PROVIDE GUIDANCE AND SUPPORT FOR ALL OF OUR SUPPORTED ORGANIZATIONS WHICH HAVE OVER 2,100 TOTAL EMPLOYEES. THE 2014 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $179.2 MILLION AND TOTAL ASSETS IN EXCESS OF $568 MILLION. FORM 990, PART XI, LINE 9: TRANSFERS TO AND FROM SUPPORTED ORGANIZATIONS 3,288,631. 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