2013-02-12T08:59:20-06:00 2012-03-31 410746749 CLIFTONLARSONALLEN LLP 101 N TRYON STREET SUITE 1000 CHARLOTTE NC 28246 990 2011-04-01 620630670 ASBURY INC ASBU 8659826109 910 WILDER CHAPEL LANE MARYVILLE TN 37804 MARJORIE SHONNARD 8659826109 2013-02-08 1 JOHN NORMAN P01506766 7049985200 2011 2016-03-07 17:11:31Z MARJORIE SHONNARD 910 WILDER CHAPEL LANE MARYVILLE TN 37804 31743993 0 X WWW.ASBURYPLACE.ORG X 1956 TN TO PROVIDE SENIOR COMMUNITIES THAT OFFER FREEDOM AND SECURITY WITH COMPASSION. 11 11 718 58 0 0 171421 112555 30075806 31556612 72399 43082 3708 31744 30323334 31743993 0 0 0 0 12783104 13317251 0 0 0 17167547 18289387 29950651 31606638 372683 137355 48448704 59301690 24244494 35186048 24204210 24115642 X TO PROVIDE SENIOR COMMUNITIES THAT OFFER FREEDOM AND SECURITY WITH COMPASSION. 0 0 26061528 31643280 ASBURY, INC. PROVIDES A REGIONAL NETWORK OF CONTINUING CARE RETIREMENT COMMUNITIES THAT MINISTER TO THE SPIRITUAL AND PHYSICAL NEEDS OF ITS RESIDENTS, PROVIDE A SAFE, CLEAN, AND COMFORTABLE ENVIRONMENT, AND TREAT SENIORS WITH RESPECT AND DIGNITY. OVER 1,000 CLIENTS SERVED DURING THE YEAR.ASBURY, INC. CONTRIBUTES TIME, SPACE AND MANPOWER BACK TO THE GREATER COMMUNITY IN WHICH ITS CONTINUING CARE RETIREMENT COMMUNITIES ARE LOCATED. ALL OF THE COMMUNITIES PROVIDE CHARITY CARE TO THOSE RESIDENTS WHOSE NEEDS EXCEED THEIR FUNDS, AND NO RESIDENT HAS EVER BEEN ASKED TO LEAVE AN ASBURY, INC. COMMUNITY BECAUSE OF DEPLETED FUNDS THROUGH NO FAULT OF THEIR OWN. HIGHLIGHTS OF THIS YEAR'S COMMUNITY BENEFIT ACCOMPLISHMENTS AT ASBURY, INC. INCLUDE THE FOLLOWING:ALZHEIMER'S WALK TO BENEFIT ALZHEIMER'S TN. TEAM ASBURY HAD 83 PARTICIPANTS, 19 OF WHICH ARE RESIDENTS. FUND RAISERS HOSTED THROUGHOUT THE YEAR INCLUDED A CHILI COOKOFF, SOUP LUNCHES, ETC. ASBURY PLACE IS ALSO A PREMIER SPONSOR OF THIS EVENT, LOGO APPEARS ON THE BACK OF THE WALK T-SHIRT.UNITED WAY CAN FOOD DRIVE. RESIDENTS AND ASSOCIATES COLLECTED THE MOST CANNED FOOD IN OUR DIVISION.RECYCLING: OUR RESIDENTS & ASSOCIATES RECYCLE PAPER, CARDBOARD, CANS, PLASTIC, AND BATTERIES. RESIDENTS IN ASSISTED LIVING(AL) HAVE BINS IN THEIR LAUNDRY ROOMS, APARTMENTS HAVE BINS IN EACH BUILDING, ASSOCIATES PARTICIPATE BY COLLECTING OFFICE PAPER AT THEIR DESKS AND DUMPING EACH WEEK IN OUR RECYCLE DUMPSTER ON SITE. ONSITE CARDBOARD RECYCLING BINS @ HEALTH CENTER AND ASSISTED LIVING.ASSISTED LIVING RESIDENTS REGULARLY PARTICIPATE IN MAKING CLOTHES AND COLLECTING SCHOOL SUPPLIES FOR HAITI ORPHANAGE, LOCAL RESCUE SQUAD, CHILDREN'S HOSPITAL, & BLOUNT MEMORIAL.HEALTH CENTER AND ASSISTED LIVING RESIDENTS MADE OVER 100 POTTERY CROSSES FOR A MISSION TRIP TO LATVIA.ASSISTED LIVING AND HEALTH CENTER PARTNERED WITH KNOX COUNTY TEEN ORGANIZATION THIS SUMMER FOR A DAY OF INTERGENERATIONAL PROJECTS "UPWARD BOUND PROJECT". WE PROVIDED TRANSPORTATION ON OUR BUSES TO CAMPUS AND BACK TO CAMP, PROVIDED A DAY OF PROJECTS ON CAMPUS INCLUDING INTERACTION WITH RESIDENTS AND SERVICE PROJECTS.ASSISTED LIVING COLLECTS DONATIONS OF CLOTHES, SHOES, ETC... FOR MONTHLY TRIPS TO NEW PROVIDENCE WHERE THEY HOST A RUMMAGE SALE TO RAISE $ FOR AREA MINISTRIES.ASBURY IN MISSION GROUP SUPPORTED LOCAL BATTERED WOMEN'S HOME AND VARIOUS OTHER LOCAL CHARITIES AND NON PROFIT ORGANIZATIONS.ASBURY HAS "ADOPTED A MILE" OF AMERINE ROAD FOR THE KEEP BLOUNT BEAUTIFUL ORGANIZATION. WE KEEP LITTER PICKED UP AND HOST CLEAN UP DAYS W/ ASSOCIATES.VESPERS CONGREGATION DONATES MONEY TO HEALTH CARE CENTER RESIDENT CHRISTMAS FUND YEARLY. (FUND PROVIDES A GIFT FOR EACH RESIDENT IN THE NURSING HOME).ASBURY SPONSORS A CHRISTMAS TREE ON THE BLOUNT COUNTY COURTHOUSE LAWN EACH YEAR. RESIDENTS MAKE ORNAMENTS, ASBURY SIGN PROMINENTLY DISPLAYED IN FRONT.HOSTED COMMUNITY EASTER EGG HUNT AT ASSISTED LIVING, HAD AREA PUBLIC SERVICE PROVIDERS BRING FIRETRUCKS, POLICE CARS, ETC. RESIDENTS DONATED THE CANDY AND HAD AN EASTER BONNET CONTEST.WE HOSTED GIRL SCOUTS IN THE COMMUNITY FOR TRICK-OR-TREATING AT ASSISTED LIVING AND HEALTH CENTER ON HALLOWEEN. RESIDENTS AND ASSOCIATES COLLECT CANDY THROUGHOUT THE MONTH OF OCTOBER.VETERANS HISTORY PROJECT SPONSORED BY DAUGHTERS OF THE CONFEDERACY. ASBURY PROVIDED LOCATION FOR FILMING VETERAN INTERVIEWS, INCLUDING SOME OF OUR OWN RESIDENTS, WHICH WERE SENT TO LIBRARY OF CONGRESS FOR THE NATIONAL ARCHIVES.ORGANIZE EARLY VOTING ON CAMPUS FOR RESIDENTS IN ALL LEVELS OF CARE (117 PARTICIPATED THIS YEAR!).WE HAVE 2 RESIDENTS THAT ARE STORYTELLERS THAT REGULARLY "PERFORM" AT MARYVILLE COLLEGE AND OTHER VENUES IN THE AREA.SEVERAL RL RESIDENTS THAT REGULARLY VOLUNTEER AT BLOUNT MEMORIAL HOSPITAL, MEALS ON WHEELS, IN OUR OWN HEALTH CARE CENTER.WE HAVE APPROXIMATELY 15 VOLUNTEERS THAT "WORK" ON OUR CAMPUS.EMPLOY PRN ACTIVITY ASSISTANTS, USUALLY COLLEGE STUDENTS, WHICH PROVIDES EXPERIENCE IN THE CARE OF THE AGED.STEADMAN HILL HAD A TEAM FOR THE RELAY FOR LIFE DONATIONS $1,205, ALZHEIMERS TEAM $550.00 AND WE RECYCLE THE RESIDENTS NEWSPAPERS MONTHLY TO THE HUMANE SOCIETY.AN ASBURY ASSOCIATE SERVES AS JC CHAMBER AMBASSADOR. CYSTIC FIBROSIS DONATIONS FROM EMPLOYEES WERE $70.00. BREAST CANCER AWARENESS DONATIONS BY EMPLOYEES WERE $273.00.PROVIDED TWO VAN LOADS OF SUPPLIES (WATER, BLANKETS, FOOD, TOYS, CLOTHES, ETC.) DONATED BY EMPLOYEES TO THE GREEN COUNTY TORNADO VICTIMS.VALENTINES WERE PRSENTED TO THE CHILDREN AT HOLSTON VALLEY MEDICAL CENTER IN KINGSPORT.ASSOCIATES VOLUNTEER AT SECOND HARVEST FOOD BANK AND HOSPITAL.SEWING PROJECTS FOR THE HOSPICE.DONATED FOOD TO RESIDENTS OF FOREST RIDGE MANOR.OFFER PET VISITATION AT THE HEALTH CARE CENTER. 26061528 1 1 0 0 0 0 0 0 0 1 1 1 0 0 1 1 0 1 0 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 1 0 0 0 0 1 0 0 718 1 0 0 0 0 0 0 0 0 0 0 X 11 11 0 1 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 TN X MICHAEL CONNELL 3012502028 20030 CENTURY BLVD SUITE 300 GERMANTOWN MD 20874 X GUY WILSON 1.00 X 0 0 0 STEPHEN C DAVES 1.00 X X 0 0 0 JACKIE DINGUS 1.00 X X 0 0 0 MARVIN EICHORN 1.00 X X 0 0 0 TOM MOTTERN 1.00 X 0 0 0 LARRY MARTIN 1.00 X 0 0 0 MARSHEINE MCCLURG 1.00 X 0 0 0 BETH STUBBS 1.00 X X 0 0 0 ANGEL NORMAN 1.00 X 0 0 0 MICHAEL CULLEN 1.00 X 0 0 0 SANDRA DAVIS 1.00 X 0 0 0 ROBERT FEAGINS 1.00 X 0 0 0 ANDREW JOSEPH 40.00 X 0 0 0 MARJORIE SHONNARD 40.00 X 0 0 0 0 0 0 0 0 0 0 JOSEPH CONSTRUCTION COMPANY INC PO BOX 10563 KNOXVILLE TN 37939 CONSTRUCTION SERVICES 7217607 ARAMARK INC 24863 NETWORK PLACE CHICAGO IL 60673 FOOD SUPPLIES & HOUSEKEEPING SERVICES 5450407 FUNCTIONAL PATHWAYS OF TENNESSEE LLC PO BOX 720477 ATLANTA GA 30358 THERAPY SERVICES 2390127 THE ASBURY GROUP INC 20030 CENTURY BLVD SUITE 300 GERMANTOWN MD 20874 MANAGEMENT, INFORMATION TECHNOLOGY 2286248 LINDE RSS LLC PO BOX 813 104B WEST COURT SQUARE LIVINGSTON TN 38570 THERAPY SERVICES 918822 13 112555 112555 RESIDENT REVENUE 623000 31382863 31382863 173749 173749 31556612 43082 43082 31744 31744 31744 31743993 31556612 0 74826 10921322 10009334 911988 130567 127815 2752 1457109 1431112 25997 808253 741948 66305 2029320 2029320 126306 126306 41874 499 41375 5085503 4915662 169841 388286 356846 31440 918396 734445 183951 161113 555 160558 2143215 1117468 1025747 63436 20347 43089 616341 2587 613754 1447405 1447405 476371 476371 MEDICAL SUPPLIES 1659805 1659320 485 FOOD 1436782 1436782 REPAIRS AND MAINTENANCE 720423 720423 BAD DEBTS 587754 587754 387057 274855 112202 31606638 26061528 5545110 0 6055304 8158028 3103866 2889457 874902 952875 58525164 20853514 29825873 37671650 7567382 8572967 1021377 1056713 48448704 59301690 3424306 4341377 5968020 7399337 14803685 23396851 48483 48483 24244494 35186048 X 24085142 23970687 65677 91564 53391 53391 24204210 24115642 48448704 59301690 X 137355 -225923 X X 0 1 1 X 0 X 703420 35 19597 171421 25887 920360 26571648 26949919 28258459 29894919 31382863 143057808 27275068 26949954 28278056 30066340 31408750 143978168 0 0 0 143978168 392788 167664 124069 72399 43082 800002 392788 167664 124069 72399 43082 800002 3708 31744 35452 27667856 27117618 28402125 30142447 31483576 144813622 0.99420 0.99220 0.00550 0.00770 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 53391 53391 451965 451965 451965 451965 1 0 756043 756043 35223267 35223267 7428137 7428137 15117717 20853514 -5735797 37671650 INVESTMENTS 8572967 F 8572967 WORKERS' COMPENSATION RESERVE 48483 48483 31743993 31606638 137355 111610 -337533 -225923 -88568 31718106 0 31718106 25887 25887 31743993 31606638 0 31606638 0 31606638 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: PERMANENTLY RESTRICTED NET ASSETS REPRESENT ENDOWMENT CONTRIBUTIONS. THE STATE OF TENNESSEE HAS ADOPTED THE TENNESSEE PRUDENT MANAGEMENT OF INSTITUTIONAL FUNDS ACT ("UPMIFA"). WITH THIS ADOPTION IN THE PRIOR YEAR, THE ORGANIZATION EXAMINED ITS PERMANENTLY RESTRICTED NET ASSETS AND DETERMINED THAT APPROXIMATELY $452,000 SHOULD BE RECLASSIFIED AS UNRESTRICTED NET ASSETS. A RECLASSIFICATION WAS MADE BY THE ORGANIZATION REGARDING THESE ASSETS AT MARCH 31, 2011. THE ORGANIZATION DETERMINED THE REMAINING $53,391 WHICH WAS RECEIVED DURING 2011 AND REPRESENTS THE ORIGINAL VALUE OF THE DONATIONS, IS PROPERLY CLASSIFIED AS PERMANENTLY RESTRICTED NET ASSETS AT MARCH 31, 2012 AND 2011. INCOME EARNED FROM THE RELATED INVESTMENTS IS UNRESTRICTED. THE ORGANIZATION RECEIVED NO PERMANENTLY RESTRICTED DONATIONS DURING THE YEAR ENDED MARCH 31, 2012. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASBURY, INC. IS A NOT-FOR-PROFIT ORGANIZATION AS DESCRIBED UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (THE "CODE") AND IS EXEMPT FROM FEDERAL INCOME TAXES. THE INCOME TAX RETURN FOR ASBURY, INC. IS SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL AND STATE AUTHORITIES. ASBURY, INC. IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE THEIR TAX-EXEMPT STATUS. THE ORGANIZATION HAS ADOPTED GUIDANCE IN THE INCOME TAX STANDARD REGARDING THE RECOGNITION AND MEASUREMENT OF UNCERTAIN TAX POSITIONS. THE IMPLEMENTATION HAS HAD NO IMPACT ON THE ORGANIZATION'S FINANCIAL STATEMENTS. PART XI, LINE 8 - OTHER ADJUSTMENTS: CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE IMPAIRMENT ON ASSETS HELD FOR SALE -337,533. PART XII, LINE 4B: $25,887 ADJUSTMENT DUE TO TEMPORARILY RESTRICTED CONTRIBUTIONS. THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF BLOUNT COUNTY 621192419 094900BC0 2007-05-30 13353977 REIMBURSE CORPORATION FOR A SWAP TERMINATION PAYMENT, REFINANCE BANK LOAN 0 0 0 THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF BLOUNT COUNTY 621192419 094900BD8 2007-05-30 920000 REFUND PRIOR BONDS, FUND RESERVE FUND #1, AND TO PAY CERTAIN EXPENSES 0 0 0 THE HEALTH AND EDUCATIONAL FACILITIES BOARD OF BLOUNT COUNTY 621192419 NONEAVAIL 2010-12-30 16000000 TO FINANCE CONSTRUCTION OF 36 NEW UNITS, IMPROVEMENTS, PAY BOND FEES 0 0 0 13353977 1286556 234763 11832658 2007 1 1 1 1 920000 293783 625000 1217 2007 1 1 1 1 16000000 264422 15735578 0 0 0 1 0 0 0 0 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 1 1 0 0 0 0 GUY WILSON BOARD MEMBER 842176 SEE BELOW 0 ASBURY USES PHARMACY NETWORK SERVICES AS ITS PHARMACEUTICAL VENDOR. PNS IS OWNED BY GUY WILSON. FORM 990, PART VI, SECTION A, LINE 3 THE ORGANIZATION IS UNDER A MANAGEMENT AGREEMENT WITH THE ASBURY GROUP. FORM 990, PART VI, SECTION B, LINE 11 THE ASBURY, INC. 990 FOR THE YEAR ENDED 3/31/2012 WAS POSTED TO THE ASBURY BOARDLINK INTRANET SITE FOR THE BOARD TO REVIEW. ANY COMMENTS WERE FORWARDED TO JACK EDWARDS, REIMBURSEMENT & TAX MANAGER FOR ASBURY COMMUNITIES, INC. FOR RESOLUTION. FORM 990, PART VI, SECTION B, LINE 12C THE ORGANIZATION RECOGNIZES THAT THE POTENTIAL FOR CONFLICT OF INTEREST EXISTS FOR DECISION-MAKERS AT ALL LEVELS WITH ASBURY. THIS INCLUDES MEMBERS OF THE GOVERNING BOARD, ADMINISTRATION, AND ALL PERSONNEL IN POSITIONS TO MAKE AND/OR INFLUENCE DECISIONS. IT IS ASBURY'S POLICY THAT ANY POTENTIAL CONFLICT OF INTEREST BE DISCLOSED SO THAT APPROPRIATE ACTIONS MAY BE TAKEN TO ENSURE SUCH CONFLICT DOES NOT INAPPROPRIATELY INFLUENCE DECISIONS. ANY MEMBER OF THE BOARD OF DIRECTORS BEING AWARE OF ANY POTENTIAL CONFLICT OF INTEREST IS EXPECTED TO DISCLOSE THIS POTENTIAL CONFLICT TO OTHER BOARD MEMBERS, REFRAIN FROM UNDUE INFLUENCE, AND ABSTAIN FROM VOTING. STATING ONE'S POSITION, AND/OR ANSWERING QUESTIONS OF OTHER MEMBERS MAY BE IN ORDER. THE MINUTES OF THE MEETING WILL REFLECT ANY SUCH DISCLOSURES AND ABSTENTION. FORM 990, PART VI, SECTION B, LINE 15 A STUDY PREPARED BY AN OUTSIDE CONSULTANT IS UTILIZED WHEN CONSIDERING SALARY AND SALARY INCREASES. FORM 990, PART VI, SECTION C, LINE 19 THE ORGANIZATION'S GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 111,610. CUMULATIVE EFFECT OF CHANGE IN ACCOUNTING PRINCIPLE IMPAIRMENT ON ASSETS HELD FOR SALE -337,533. TOTAL TO FORM 990, PART XI, LINE 5: -225,923. FORM 990, PART XII, LINE 2C: NO CHANGE IN METHOD FROM PRIOR YEAR. FOREST RIDGE MANOR INC 910 WILDER CHAPEL LANE MARYVILLE TN 37804 201885811 TO PROVIDE ELDERLY PERSONS AND HANDICAPPED PERSONS WITH HOUSING FACILITIES TN 501(C)(3) LINE 11A, I ASBURY INC 0 0 0 0 0 0 0 0 0 1 0 1 0 1 1 0 1 0 0