2012-11-08T15:09:57-06:00 2011-12-31 410746749 CLIFTONLARSONALLEN LLP 610 WGERMANTOWN PIKESTE 400 PLYMOUTH MTG PA 19462 990 2011-01-01 521862675 ASBURY SOLOMONSINC ASBU 4103943029 20030 CENTURY BLVD NO 300 GERMANTOWN MD 208741112 KIM EHRENFRIED 4103943029 2012-11-08 1 BERNADETTE O'TOOLE CPA P00229258 2156433900 2011 2016-02-24 21:20:13Z ANDREW W APPLEGATE 20030 CENTURY BLVD NO 300 GERMANTOWN MD 208741112 20237822 0 X WWW.ASBURYSOLOMONS.ORG X 1994 MD ASBURY SOLOMONS' MISSION IS TO PROVIDE A CONTINUUM OF CARE FOR THE ELDERLY 15 11 300 144 0 0 0 0 17670487 18901944 310258 328438 6980 8369 17987725 19238751 0 0 0 0 5606602 5986583 0 0 0 11478410 12147647 17085012 18134230 902713 1104521 62831199 61670010 94255890 95418931 -31424691 -33748921 X SEE SCHEDULE O FOR THE MISSION STATEMENT.ASBURY SOLOMONS' MISSION IS TO PROVIDE A CONTINUUM OF CARE FOR THE ELDERLY. ACCORDINGLY, ASBURY SOLOMONS WILL ESTABLISH, MAINTAIN, OPERATE, AND SUPPORT, EITHER DIRECTLY, OR IN COOPERATION WITH OTHER ORGANIZATIONS, HOUSING, ASSISTED LIVING FACILITIES, CONTINUING CARE RETIREMENT COMMUNITIES FOR THE ELDERLY AND OTHER SERVICES FOR THE AGING. ASBURY SOLOMONS WILL PROVIDE FOR THE CONTINUING CARE, PHYSICAL, RECREATIONAL, SOCIAL, SPIRITUAL, AND HEALTH NEEDS OF THE ELDERLY. 0 0 4062278 4906157 SKILLED NURSING FACILITY: OPERATION OF A 48 BED SKILLED NURSING FACILITY (SNF) FOR THE AGED, PROVIDING 14,576 DAYS OF SERVICE IN 2011. $866,602 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF IN 2011. $2,240 OF BENEVOLENT CARE WAS PROVIDED TO SNF RESIDENTS IN 2011. 1397468 1687772 ASSISTED LIVING FACILITY: OPERATION OF A 30 BED ASSISTED LIVING FACILITY FOR THE AGED, PROVIDING 8,958 DAYS OF CARE IN 2011. $164,330 OF BENEVOLENT CARE WAS PROVIDED TO ASSISTED LIVING RESIDENTS IN 2011. 10202466 12308015 RESIDENTIAL LIVING: OPERATION OF 300 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 105,995 DAYS OF SERVICE IN 2011. $16,676 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS IN 2011. $14,364 OF BENEVOLENT CARE WAS PROVIDED TO RESIDENTIAL LIVING RESIDENTS IN 2011. ALSO PROVIDED HOMECARE SERVICES.SEE SCHEDULE O FOR COMMUNITY BENEFITS INFORMATION. 15662212 1 0 0 0 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 0 1 34 0 300 1 0 0 0 0 0 0 0 0 0 0 X 15 11 0 0 1 0 1 1 1 1 1 0 0 1 1 1 1 1 1 1 1 0 X X X MICHAEL CONNELL CFO 3012502028 20030 CENTURY BLVD SUITE 300 GERMANTOWN MD 20874 JAMES SMELTZER 1.00 X X 0 0 0 ARTHUR ELGIN 1.00 X X 0 0 0 MARTHA CANFIELD 1.00 X 0 0 0 SARAH CATO 1.00 X 0 0 0 ANN GILLESPIE 1.00 X 0 0 0 DAVID LINGRELL 1.00 X 0 0 0 JAMES REIM 1.00 X 0 0 0 PHYLLIS SCHMITZ 1.00 X 0 0 0 GUFFIE SMITH 1.00 X 0 0 0 RICHARD STETLER 1.00 X 0 0 0 GEORGE A TJIATTAS 1.00 X 0 0 0 JOSEPH A TORCHIA 1.00 X 0 0 0 NORMA TYLER 1.00 X 0 0 0 P GARY WIENKEN 1.00 X 0 0 0 JULIAN TAVENNER 1.00 X 0 0 0 DOUGLAS LEIDIG 1.00 X X 0 370281 19212 ANDREW JOSEPH 1.00 X 0 195921 19895 MICHAEL CONNELL 1.00 X 0 299129 21712 SUE DACMARA 1.00 X 0 273568 16905 ANDREW APPLEGATE 50.00 X 179735 0 18974 SCOTT BUSHONG 1.00 X 0 187891 18542 DAVID DENTON 1.00 X 0 219477 21346 MELISSA HADLEY 1.00 X 0 199756 17437 JIM SCHNEIDER 1.00 X 0 157902 14267 ROBIN STERN 1.00 X 0 136999 16140 KIM EHRENFRIED 1.00 X 0 153655 18207 PEGGY CRESPI KAPLAN 1.00 X 0 300409 18905 HENRY MOEHRING 1.00 X 0 166716 17692 TONI WILSON 1.00 X 0 62113 9132 DEBBIE BARRIS 1.00 X 0 63163 11575 179735 2786980 259941 1 0 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE 1834339 FLAGSHIP REHABILITATION SERVICE 157 BALTIMORE STREET CUMBERLAND MD 21502 REHABILITATION 442604 TALON DETECTIVE AGENCY AND SECURITY 41680 MISS BESSIE DR LEONARDTOWN MD 20650 SECURITY SERVICE 281451 BEAVER DAM CONSTRUCTION INC 50 WEST END BLVD ST LEONARD MD 20688 CONSTRUCTION SERVICES 262436 ARK SYSTEMS 9176 RED BRANCH ROAD COLUMBIA MD 21045 SECURITY AND ALARM SERVICES 261095 8 NET SERVICE REVENUE 623312 11942700 11942700 AMORTIZATION OF ENTRAN 623312 4417495 4417495 MEDICARE/MEDICAID PAYM 623312 2471100 2471100 OTHER OPERATING REVENU 623312 70649 70649 18901944 147457 147457 13864 5495 8369 8369 8369 1174557 993576 180981 180981 180981 19238751 18901944 0 336807 198709 198709 4868852 4521224 347628 94367 86389 7978 451150 319307 131843 373505 338955 34550 701427 701427 12565 12565 40536 40536 1754878 1702499 52379 115044 115044 597326 428157 169169 407800 149 407651 1735894 1733954 1940 24187 17854 6333 1962869 1955342 7527 2620504 2593530 26974 97078 97078 FOOD 749454 749454 REPAIRS & MAINTENANCE 572857 566925 5932 PHARMACY 182041 182041 MEDICAL SUPPLIES 109554 109554 463633 241834 221799 18134230 15662212 2472018 0 163146 348001 7217933 6791323 433298 698298 52800 155000 13695 17991 2864710 2495365 75968998 26594107 50212640 49374891 339855 317092 4350 2208 1528772 1469841 62831199 61670010 1162213 1124470 40967072 42111101 39198841 37727256 12927764 14456104 94255890 95418931 X -32814082 -35122503 278679 276190 1110712 1097392 -31424691 -33748921 62831199 61670010 X 1104521 -3428751 X X 0 1 1 X 0 X 63235 1850 65085 15067673 15740768 17104007 17670487 18901944 84484879 15130908 15740768 17105857 17670487 18901944 84549964 0 0 0 84549964 311482 -448717 69370 108585 161321 202041 311482 -448717 69370 108585 161321 202041 15442390 15292051 17175227 17779072 19063265 84752005 0.99760 0.99540 0.00240 0.00460 X 1110712 13320 1097392 1017810 92902 1110712 1011841 5969 1017810 1028672 -16831 1011841 0.00000 1.00000 0.00000 0 1 1 5803678 5803678 63390412 21727291 41663121 5332915 4637141 695774 1441993 229675 1212318 49374891 DUE TO ASERV 7291096 REFUNDABLE ENTRANCE FEES 694498 VALUATION OF DERIVATIVE INSTRUMENT 6453323 CAPITAL LEASES 17187 14456104 19238751 18134230 1104521 -267968 -3160783 -3428751 -2324230 16447777 -267968 -2523006 -2790974 19238751 0 19238751 18139725 5495 5495 18134230 0 18134230 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ORGANIZATION'S ENDOWMENT FUNDS IS TO PROVIDE BENEVOLENT CARE. DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASBURY SOLOMONS 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. ASBURY COMMUNITIES HAS IMPLEMENTED PROCESSES TO ENSURE COMPLIANCE WITH THE INTERNAL REVENUE SERVICE'S INTERMEDIATE SANCTIONS PROVISIONS FOR ALL ITS SUPPORTED ORGANIZATIONS, INCLUDING ASBURY SOLOMONS. THIS INCLUDES AN INDEPENDENT REVIEW BY THE BOARD'S COMPENSATION 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 PROCESSES 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 2008 TO 2010 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES PART XI, LINE 8 - OTHER ADJUSTMENTS: NET UNREALIZED LOSS ON CHANGE IN MARKET VALUE OF DERIVATIVE INSTRUMENTS -2,512,692. CAPITAL TRANSFER TO ACOMM -632,282. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF ASBURY FOUNDATION, INC. -15,809. TOTAL TO SCHEDULE D, PART XI, LINE 8: -3,160,783. PART XII, LINE 2D - OTHER ADJUSTMENTS: UNREALIZED LOSS ON CHANGE IN MARKET VALUE OF DERIVATIVES -2,512,692. CHANGE IN BENEFICIAL INTEREST IN ASBURY FOUNDATION ASSETS -15,809. RENT EXPENSE 5,495. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 5,495. X X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS LEIDIG 0 339741 0 30000 0 540 0 7350 0 11862 0 389493 0 0 ANDREW JOSEPH 0 185521 0 10000 0 400 0 6110 0 13785 0 215816 0 0 MICHAEL CONNELL 0 273614 0 25000 0 515 0 7350 0 14362 0 320841 0 0 SUE DACMARA 0 246752 0 25000 0 1816 0 7350 0 9555 0 290473 0 0 ANDREW APPLEGATE 164291 0 15000 0 444 0 5612 0 13362 0 198709 0 0 0 SCOTT BUSHONG 0 180542 0 7000 0 349 0 5795 0 12747 0 206433 0 0 DAVID DENTON 0 203789 0 15000 0 688 0 6984 0 14362 0 240823 0 0 MELISSA HADLEY 0 183860 0 15000 0 896 0 6147 0 11290 0 217193 0 0 JIM SCHNEIDER 0 149202 0 7000 0 1700 0 4876 0 9391 0 172169 0 0 ROBIN STERN 0 129385 0 7000 0 614 0 4278 0 11862 0 153139 0 0 KIM EHRENFRIED 0 145843 0 7500 0 312 0 4922 0 13285 0 171862 0 0 PEGGY CRESPI KAPLAN 0 277087 0 20000 0 3322 0 7350 0 11555 0 319314 0 0 HENRY MOEHRING 0 155966 0 10000 0 750 0 5195 0 12497 0 184408 0 0 CITY OF GAITHERSBURG (MARYLAND) 526000792 363128BK4 2006-11-30 12939612 SERIES 2006A MD BOND 0 0 0 CITY OF GAITHERSBURG (MARYLAND) 526000792 363128CB3 2009-12-16 25935919 SERIES 2009B MD BOND 0 0 0 12939612 1228495 11453932 257185 1 0 1 1 25928218 793896 24615758 518564 1 0 1 1 0 0 0 0 1 0 0 0 0 1 1 0 0 0 0 0 1 0 0 0 0 0 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 1 WE HAVE REPORTED 11 INDEPENDENT VOTING MEMBERS OF THE GOVERNING BODY. THE NON-INDEPENDENT BOARD MEMBERS CONSIST OF ONE EMPLOYEE OF ASBURY, ONE RESIDENT OF BETHANY VILLAGE, ONE RESIDENT OF ASBURY SOLOMONS AND ONE RESIDENT OF ASBURY METHODIST VILLAGE. FORM 990, PART VI, SECTION A, LINE 4 THERE WERE BYLAWS CHANGES MADE IN 2011. INSTEAD OF APPOINTING ONLY A CHAIR TO PRESIDE OVER BOARD MEETINGS, BOTH A CHAIR AND VICE CHAIRMAN WILL NOW BE APPOINTED. DUTIES FORMERLY HELD BY THE INVESTMENT COMMITTEE ARE NOW HELD BY THE FINANCE COMMITTEE. THERE IS NO LONGER A SYSTEM COMMITTEE KNOWN AS THE INVESTMENT COMMITTEE. FORM 990, PART VI, SECTION A, LINE 6 ASBURY SOLOMONS, INC 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 ASBURY SOLOMONS, INC. 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 11 ASBURY COMMUNITIES IS THE SOLE MEMBER OF ASBURY ATLANTIC, ASBURY-SOLOMONS, INC., INVERNESS VILLAGE, AN OKLAHOMA NOT FOR PROFIT CORPORATION AND ASBURY COMMUNITIES HCBS. ASBURY COMMUNITIES HAS A SYSTEM WIDE AUDIT COMMITTEE. THE ASBURY SOLOMONS BOARD OF DIRECTORS HAS DELEGATED A REVIEW OF THE FORM 990 TO THE SYSTEM AUDIT COMMITTEE. IN ADDITION, THE FORM HAS BEEN POSTED ON THE ASBURY SOLOMONS BOARD OF DIRECTORS' INTRANET SITE, AND IS AVAILABLE FOR REVIEW BY ALL DIRECTORS. ALL DIRECTORS MAY POSE QUESTIONS OR ASK FOR CLARIFICATION FROM THE STAFF AUDIT COMMITTEE. ANY BOARD MEMBER INTERESTED IN ATTENDING THE AUDIT COMMITTEE MEETING VIA TELECONFERENCE IS INVITED TO DO SO AND WILL BE PROVIDED A DIAL-IN-NUMBER. 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 GENERALLY RESPONSIBLE FOR THE POLICY PROCESS. ALL OF THE ENTITIES WITHIN THE ASBURY COMMUNITIES GROUP 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 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. 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 WITH MAKING DECISIONS REGARDING COMPENSATION. THE FULL BOARD OF ASBURY COMMUNITIES, THE SOLE MEMBER OF ASBURY SOLOMONS, HAS A PRESENTATION ONCE EACH YEAR ON EXECUTIVE COMPENSATION AND BENEFITS. THE CHIEF PEOPLE OFFICER 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 CHIEF PEOPLE OFFICER (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 4 MEETINGS EACH YEAR (JAN, MARCH, JULY, AND NOV). IN THE NOVEMBER MEETING THEY REVIEW TOWERS WATSON DATA AND REPORTS IN ORDER TO MAKE RECOMMENDATIONS REGARDING SALARIES AND BENEFITS. THE EXECUTIVE COMMITTEE OF ASBURY COMMUNITIES ULTIMATELY REVIEWS/APPROVES AND/OR ADJUSTS RECOMMENDATIONS FROM THE SYSTEM WIDE COMPENSATION COMMITTEE AND SETS COMPENSATION. 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 THE ORGANIZATION'S WEBSITE. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED LOSSES ON INVESTMENTS: -267,968. NET UNREALIZED LOSS ON CHANGE IN MARKET VALUE OF DERIVATIVE INSTRUMENTS -2,512,692. CAPITAL TRANSFER TO ACOMM -632,282. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF ASBURY FOUNDATION, INC. -15,809. TOTAL TO FORM 990, PART XI, LINE 5: -3,428,751. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT CHANGED ITS OVERSIGHT OR SELECTION PROCESS. FORM 990, PART III, LINE 4 COMMUNITY BENEFITS: ASBURY SOLOMONS CONTRIBUTES TIME, SPACE AND MANPOWER BACK TO THE GREATER COMMUNITY IN WHICH ITS CONTINUING CARE RETIREMENT COMMUNITY IS LOCATED. ASBURY SOLOMONS DIVIDES ITS COMMUNITY BENEFIT ACTIVITIES INTO FOUR CATEGORIES: BENEVOLENT CARE, TRAINING THE NEXT GENERATION OF SENIOR LIVING PROFESSIONALS, SERVING THE BROADER COMMUNITY AND SENIOR SERVICES, AND GOING GREEN AND SUSTAINABLE DESIGN. ASBURY SOLOMONS PROVIDES CHARITY CARE TO THOSE RESIDENTS WHOSE NEEDS EXCEED THEIR FUNDS, AND NO RESIDENT HAS EVER BEEN ASKED TO LEAVE BECAUSE OF DEPLETED FUNDS THROUGH NO FAULT OF THEIR OWN. HIGHLIGHTS OF THIS YEAR'S COMMUNITY BENEFIT ACCOMPLISHMENTS INCLUDE THE FOLLOWING: IN THE AREA OF TRAINING THE NEXT GENERATION OF LEADERS, ASBURY SOLOMONS' NURSING STAFF PROVIDED CLINICAL NURSE TRAINING FOR STUDENTS OF THE COLLEGE OF SOUTHERN MARYLAND TWO DAYS WEEK FROM MARCH THROUGH JUNE. STUDENTS LEARNED HOW TO PROVIDE DAILY LIVING CARE FOR RESIDENTS IN SKILLED NURSING INCLUDING PERFORMING DRESSING CHANGES, TAKING VITAL SIGNS AND CARING FOR THOSE WITH FEEDING TUBES. PRE- AND POST-CLINICAL MEETINGS WERE HELD WITH EACH SESSION. IN THE AREA OF SUPPORTING THE LOCAL COMMUNITY AND SENIOR SERVICES, ASBURY SOLOMONS AGAIN HOSTED THE ALZHEIMER'S MEMORY WALK FOR THE SOUTHERN MARYLAND CHAPTER OF THE ALZHEIMER'S FOUNDATION, HOLDING PLANNING MEETINGS AND TWO FUNDRAISERS RAISING OVER $800 PRIOR TO THE EVENT HELD IN SEPTEMBER. IN TOTAL, $8,000 WAS RAISED BY COMMUNITY ASSOCIATES AND RESIDENTS FOR THE FOUNDATION WALK IN 2011. IN ADDITION, ASBURY SOLOMONS FACILITATED AND HOSTED NINE MONTHLY SUPPORT GROUP MEETINGS THROUGHOUT THE YEAR FOR AREA CITIZENS WHO SERVE AS CAREGIVERS FOR THOSE WITH DEMENTIA. FURTHER, THE COMMUNITY HOSTED MONTHLY SUPPORT GROUP MEETINGS FOR AREA CITIZENS WHO SERVE AS CAREGIVERS FOR SENIORS OF THOSE WITH SPECIAL NEEDS. OTHER COMMUNITY BENEFITS PROVIDED BY ASBURY SOLOMONS INCLUDE: THE DONATION OF SPACE FOR THE CALVERT ALLIANCE AGAINST SUBSTANCE ABUSE FOR ITS MEDICATION TAKE BACK DAY; A $1,900 SPONSORSHIP OF CALVERT MEMORIAL HOSPITAL'S ANNUAL BENEFIT GALA; THE DONATION OF APPROXIMATELY $7,000 WORTH OF FOOD TO THE RANDLE CLIFF FOOD PANTRY; AS WELL AS ATTENDING VARIOUS PLANNING MEETINGS FOR A NEW FOOD PANTRY CALLED SMILE, INC., THROUGHOUT THE YEAR AND THE HOSTING OF A FOOD DRIVE FOR SMILE WHICH BROUGHT IN $500 WORTH OF FOOD. IN ADDITION, ASBURY SOLOMONS' STAFF MEMBERS WERE ACTIVE AS LEADERS IN SEVERAL CIVIC ORGANIZATIONS BENEFITTING THE LOCAL COMMUNITY, INCLUDING THE CALVERT COUNTY COMMUNITY MINISTRY, THE CALVERT COUNTY CHAMBER OF COMMERCE AND SMILE, INC. FINALLY, ASBURY SOLOMONS DONATED CLASS SPACE FOR SEVERAL LOCAL MUSIC AND DANCE SCHOOLS. 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 ASBURY SOLOMONS, INC. AS WELL AS THE OTHER RELATED ORGANIZATIONS OF ASBURY COMMUNITIES, INC. THERE ARE OVER 1,900 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2011 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $171.8 MILLION AND TOTAL ASSETS IN EXCESS OF $542 MILLION. SCHEDULE K - ALLOCATION OF TOTAL PROCEEDS OF ISSUE (SERIES 2009B MD BONDS) FORM 990, SCHEDULE K, PART II THE PROCEEDS OF THE SERIES 2009B MD BONDS (CUSIP #363128CB3) ISSUED BY THE CITY OF GAITHERSBURG (MD) WERE ALLOCATED BETWEEN 2 ENTITIES: ASBURY ATLANTIC, INC. (EIN 52-0607956) AND ASBURY SOLOMONS, INC. (EIN 52-1862675). THE TOTAL PROCEEDS FROM THE ISSUE OF THE SERIES 2009B MD BONDS IS $43,820,000 AND IS ALLOCATED AS FOLLOWS: ASBURY ATLANTIC, INC. $17,884,081 ASBURY SOLOMONS, INC. $25,935,919 FORM 990, PART IV, LINE 28C MORGAN STANLEY SMITH BARNEY SERVES AS INVESTMENT ADVISORS TO THE ASBURY COMMUNITIES, INC. 401(K) PLAN. THE "GROUP" AT MORGAN STANLEY WHICH IS SERVING AS THE INVESTMENT ADVISOR IS HEADED BY A FORMER ASBURY COMMUNITIES BOARD MEMBER AND A CURRENT MEMBER OF THE FINANCE COMMITTEE. ALSO IN THE GROUP IS THE VICE CHAIR OF THE ASBURY ATLANTIC BOARD OF DIRECTORS. THE GROUP WAS SELECTED THROUGH A COMPETITIVE BID AND INTERVIEW PROCESS. ASBURY COMMUNITIES INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 521862677 MANAGEMENT SERVICES MD 501(C) (3) #11 N/A 0 ASBURY FOUNDATION INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 521862674 RAISING FUNDS FOR CHARITY CARE MD 501(C) (3) #11 N/A 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 1 0 1 0