2011-11-09T14:15:03-06:00 2010-12-31 LARSONALLEN LLP 18 SENTRY PARK WEST SUITE 300 BLUE BELL PA 194222240 990 2010-01-01 520607956 ASBURY ATLANTIC INC ASBU 3012164100 20030 CENTURY BOULEVARD NO 300 GERMANTOWN MD 20874 KIM EHRENFRIED 3012164100 2011-11-07 1 BERNADETTE O'TOOLECPA 2156433900 2010 2016-03-07 17:11:31Z DOUGLAS LEIDIG 20030 CENTURY BOULEVARD NO 300 GERMANTOWN MD 20874 154547185 0 X WWW.ASBURYMETHODISTVILLAGE.ORG X 1945 MD CREATING SERVICES FOR SENIORS THAT ENHANCE THE VALUE OF THE ENTIRE SPAN OF LIFE. 15 11 1827 2367 -52300 -52300 0 0 117618903 122174861 -1472314 4119351 297409 335202 116443998 126629414 0 0 0 0 49389015 52123549 0 0 0 67323814 70153019 116712829 122276568 -268831 4352846 371818778 382167264 422337702 436128068 -50518924 -53960804 CREATING SERVICES FOR SENIORS THAT ENHANCE THE VALUE OF THE ENTIRE SPAN OF LIFE. 0 0 46142566 53789592 SKILLED NURSING FACILITIES: OPERATION OF 4 SKILLED NURSING FACILITIES (SNF'S) FOR THE AGED WITH 536 TOTAL BEDS PROVIDING 175,616 DAYS OF SERVICE IN 2010. $3,557 OF BENEVOLENT CARE AND $10,346,587 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF'S IN 2010. 17941614 20759129 ASSISTED LIVING FACILITIES: OPERATION OF 4 ASSISTED LIVING FACILITIES FOR THE AGED WITH 306 TOTAL BEDS PROVIDING 105,239 RESIDENT DAYS IN 2010. $874,744 OF BENEVOLENT CARE AND $47,890 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO THE ASSISTED LIVING RESIDENTS IN 2010. 41162121 47626140 RESIDENTIAL LIVING: OPERATION OF 1,353 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 450,904 DAYS OF SERVICE IN 2010. $167,049 OF CONTRACTUAL ALLOWANCES AND $23,340 OF BENEVOLENT CARE WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS IN 2010. ALSO SUPPLIED HOMECARE/WELLNESS.SEE SCHEDULE O FOR COMMUNITY BENEFITS INFORMATION. 105246301 1 0 0 0 0 0 0 0 1 1 1 0 1 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 1 183 0 1 1827 1 1 1 0 0 0 0 0 0 0 0 1 0 X 15 11 0 0 0 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 X 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 DAVID LINGRELL 1.00 X 0 0 0 JAMES REIM 1.00 X 0 0 0 PHYLLIS SCHMITZ 1.00 X 0 0 0 GUFFRIE SMITH 1.00 X 0 0 0 RICHARD STETLER 1.00 X 0 0 0 JULIAN TAVENNER 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 DOUGLAS LEIDIG 1.00 X X 0 339009 12746 MICHAEL CONNELL 1.00 X 0 274308 15246 SUE DACAMARA 1.00 X 0 248560 11673 ANDREW APPLEGATE 1.00 X 0 166586 12387 SCOTT BUSHONG 1.00 X 0 184847 9251 DAVID DENTON 50.00 X 206463 0 13862 MELISSA HADLEY 50.00 X 186180 0 10440 JIM SCHNEIDER 50.00 X 152011 0 8908 ROBIN STERN 50.00 X 138013 0 9000 KIM EHRENFRIED 1.00 X 0 153551 10728 PEGGY CRESPI KAPLAN 1.00 X 0 280330 13672 HENRY MOEHRING 50.00 X 158560 0 10292 ANTONIO WILSON 40.00 X 47991 0 4173 DEBBIE BARRIS 40.00 X 56869 0 5602 ANDREW JOSEPH 1.00 X 0 187352 13008 CHRISTY KRAMER 40.00 X 118098 0 10922 LONDEL MORGAN 40.00 X 124327 0 3725 DIANE EDWARDS 40.00 X 103730 0 4319 BRIAN GRUNDUSKY 40.00 X 103935 0 7019 FREDERICK DOGGETT 1.00 X 0 0 0 MICKEY MARTIN 1.00 X 0 0 0 1396177 1834543 186973 9 0 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE 9918229 FLAGSHIP REHABILITATION SERVICE 157 BALTIMORE STREET CUMBERLAND MD 21502 REHABILITATION SERVICE 3091127 CONTINUING CARE RX 28 S SECOND STREET NEWPORT PA 17074 PHARMACY SERVICES 1702699 TRADEMARK DESIGN & BUILD 18404 BRIGHT PLUME TERRACE BOYDS MD 20841 CONSTRUCTION SERVICES 925067 MCKESSON MEDICAL-SURGICAL MINNESOTA SUPP PO BOX 630693 CINCINNATI OH 45263 MEDICAL SUPPLIES 635703 28 NET RESIDENT REVENUE 623312 80709068 80709068 AMORTIZATION OF ENTRAN 623312 24233984 24233984 MEDICARE/MEDICAID PAYM 623312 16139536 16139536 OTHER OPERATING REVENU 623312 1092273 1092273 122174861 818859 -52300 871159 371634 36432 335202 335202 335202 31181831 27881339 3300492 3300492 3300492 126629414 122174861 -52300 4506853 1008364 1008364 41235210 38159977 3075233 1047773 956852 90921 5728716 4034507 1694209 3103486 2829792 273694 4832531 4832531 224754 224754 95582 95582 7703287 7389864 313423 1359669 1359537 132 6211924 5653081 558843 2982875 1838 2981037 8894775 8418905 475870 92714 74681 18033 10660058 10660058 16113144 15758655 354489 771504 754531 16973 FOOD 4746925 4746585 340 REPAIRS & MAINTENANCE 2431467 2396165 35302 BAD DEBT 1276468 1276468 DUES AND SUBSCRIPTIONS 122055 16613 105442 EDUCATION & TRAINING 49690 30974 18716 1583597 727218 856379 122276568 105246301 17030267 0 8239735 7300305 35997243 50752662 4465760 5397501 605370 4583400 283760 224190 1621810 1392709 420562033 166751677 259653960 253810356 33727316 31169470 2032381 1219409 25191443 26317262 371818778 382167264 4004381 6230563 170075993 168392933 227263729 237724523 20993599 23780049 422337702 436128068 X -72737606 -77345734 639150 409909 21579532 22975021 -50518924 -53960804 371818778 382167264 X 4352846 -7794725 X X 0 1 1 X 0 X 5388739 1311453 6700192 68986378 105767735 112234707 117618903 122174861 526782584 74375117 107079188 112234707 117618903 122174861 533482776 0 0 0 533482776 2393477 2427229 1354413 848559 1242523 8266201 2393477 2427229 1354413 848559 1242523 8266201 76768594 109506417 113589120 118467462 123417384 541748977 0.98470 0.97880 0.01530 0.02120 X 21579531 1395490 22975021 20907045 672486 21579531 20934068 91702 118725 20907045 1.00000 0 1 1 134192 10398612 10532804 339023485 128340223 210683262 14968497 6300604 8667893 41906824 32110850 9795974 14130423 14130423 253810356 INT IN NET ASSETS OF AFFILIATE 15674212 DEFERRED COSTS 6424110 OTHER RECEIVABLE 66402 INTEREST RECEIVABLE 161589 DUE FROM RELATED PARTIES 483850 DUE TO ACOMM 2547093 DEPOSITS AND OTHER ASSETS 960006 26317262 VALUATION SWAP AGREEMENTS 15120559 REFUNDABLE FEES 5310637 OBLIGATION-DEFERRED GIVING 976442 PROJECTED REFUND OF ENTRANCE FEES 2237018 CAPITAL LEASES LIABILITY 135393 23780049 126629414 122276568 4352846 873174 -8667899 -7794725 -3441879 127574345 892631 892631 126681714 -52300 -52300 126629414 122313000 36432 36432 122276568 0 122276568 DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ENDOWNMENT FUND IS TO SUPPORT BENEVOLENT CARE DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASBURY ATLANTIC MEMBERS ARE EACH 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. ASBURY COMMUNITIES HAS IMPLEMENTED PROCESSES TO ENSURE COMPLIANCE WITH THE INTERNAL REVENUE SERVICE'S INTERMEDIATE SANCTIONS PROVISIONS FOR ALL ITS SUPPORTED ORGANIZATIONS, INCLUDING ASBURY ATLANTIC. THIS INCLUDES AN INDEPENDENT REVIEW BY THE COMPENSATION COMMITTEE OF THE BOARD 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 RETURN IS 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 2007 TO 2009 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: TRANSFER FROM ASBURY FOUNDATION 576,118. TRANSFER FROM ASBURY COMMUNITIES -2,060,000. NET UNREALIZED GAIN ON DERIVATIVE INSTRUMENTS -2,503,773. CHANGE IN BENEFICIAL INTEREST OF FOUNDATION 1,556,405. CHANGE IN VALUE OF DFERRED GIVING -110,075. LOSS ON ADVANCED BOND FUNDING -4,885,744. LOSS ON SALE OF ASSETS -1,293,130. UNRELATED BUSINESS LOSS 52,300. PART XII, LINE 2D - OTHER ADJUSTMENTS: NET ASSETS RELEASED FROM RESTRICTIONS 280,081. TRANSFERS FROM ASBURY FOUNDATION 576,118. RENTAL EXPENSE 36,432. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS LOSS -52,300. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 36,432. X X X X X 1 0 0 0 0 0 0 0 0 DOUGLAS LEIDIG 0 333469 0 5000 0 540 0 7350 0 5396 0 351755 0 0 MICHAEL CONNELL 0 253822 0 20000 0 486 0 7350 0 7896 0 289554 0 0 SUE DACAMARA 0 242337 0 5000 0 1223 0 7350 0 4323 0 260233 0 0 ANDREW APPLEGATE 0 161241 0 5000 0 345 0 5203 0 7184 0 178973 0 0 SCOTT BUSHONG 0 179499 0 5000 0 348 0 5724 0 3527 0 194098 0 0 DAVID DENTON 200786 0 5000 0 677 0 6543 0 7319 0 220325 0 0 0 MELISSA HADLEY 180602 0 5000 0 578 0 5710 0 4730 0 196620 0 0 0 JIM SCHNEIDER 145711 0 5000 0 1300 0 4666 0 4242 0 160919 0 0 0 KIM EHRENFRIED 0 148744 0 4500 0 307 0 4909 0 5819 0 164279 0 0 PEGGY CRESPI KAPLAN 0 273008 0 5000 0 2322 0 7350 0 6322 0 294002 0 0 HENRY MOEHRING 153820 0 4000 0 740 0 4896 0 5396 0 168852 0 0 0 ANDREW JOSEPH 0 182457 0 4500 0 395 0 5824 0 7184 0 200360 0 0 PART I, LINE 4A A SEVERANCE PAYMENT WAS PAID DURING 2010 IN THE AMOUNT OF $48,144. CITY OF GAITHERSBURG (MD) 526000792 363128BL2 2006-11-30 69840388 SERIES 2006A MD BONDS 0 0 0 CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA) 236003119 230614CH0 2006-10-27 112215000 SERIES 2006A PA BONDS 0 0 0 CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA) 236003119 230614CZ0 2008-04-01 16750000 SERIES 2008 PA BONDS 0 0 0 CITY OF GAITHERSBURG (MD) 526000792 363128BT5 2009-11-20 16000000 SERIES 2009A MD BONDS 0 0 0 69840388 6631361 61820726 1388301 1 1 1 1 112215000 101838478 1353518 8046863 1 1 1 1 16750000 335000 16250619 0 0 1 1 16000000 320000 15680000 0 0 0 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 1 1 1 KBC BANK 2.100000000000 0 0 0 0 0 1 1 0 0 0 0 1 0 0 0 0 0 CITY OF GAITHERSBURG (MD) 526000792 363128CB3 2009-12-16 17884081 SERIES 2009B MD BONDS 0 0 0 CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA) 236003119 230614FK0 2011-11-10 74630000 SERIES 2010 PA BONDS 0 0 0 17884081 547430 16793764 362886 1 0 1 1 74630000 6498922 65549062 1470845 1 0 1 1 0 0 0 0 1 1 0 0 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 0 FORM 990, PART III, LINE 4 ASBURY ATLANTIC CONTRIBUTES TIME, SPACE AND MANPOWER BACK TO THE GREATER COMMUNITY IN WHICH ITS CONTINUING CARE RETIREMENT COMMUNITIES ARE LOCATED. EACH CAMPUS DIVIDES ITS COMMUNITY BENEFIT ACTIVITIES INTO FOUR CATEGORIES: BENEVOLENT CARE, TRAINING THE NEXT GENERATION OF LEADERS FOR SENIOR CARE, SUPPORTING OTHER LOCAL SENIOR SERVICES, AND GOING GREEN AND SUSTAINABLE. 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 ATLANTIC COMMUNITY BECAUSE OF DEPLETED FUNDS THROUGH NO FAULT OF THEIR OWN. HIGHLIGHTS OF THIS YEAR'S COMMUNITY BENEFIT ACCOMPLISHMENTS AT EACH ASBURY ATLANTIC COMMUNITY INCLUDE THE FOLLOWING: ASBURY METHODIST VILLAGE AN ADMINISTRATOR SERVED AS THE PRECEPTOR FOR AN ADMINISTRATOR IN TRAINING THIS YEAR. FROM JANUARY THROUGH JUNE MENTOR SERVICES WERE PROVIDED TO A GEORGETOWN UNIVERSITY STUDENT IN THE HEALTHCARE SERVICES FIELD. ADDITIONALLY, CANDIDATES IN GEORGETOWN UNIVERSITY'S AND GEORGE WASHINGTON UNIVERSITY'S MASTER IN HEALTH SERVICES ADMINISTRATION PROGRAMS VISITED THE CAMPUS FOR SITE VISITS AND A PRESENTATION ON SERVING SENIORS. ASBURY METHODIST VILLAGE SPONSORED THE NATIONAL CAPITAL HEALTHCARE EXECUTIVES CEO ROUNDTABLE WITH GEORGETOWN UNIVERSITY, PARTICIPATED IN A PRE-CONFERENCE PRESENTATION FOR THE AMERICAN ASSOCIATION OF SUICIDOLOGY AND SENT A PRESENTER TO THE INTERNATIONAL COUNCIL ON ACTIVE AGING CONFERENCE. FACILITATED A WORKSHOP ON CLERGY SELF-CARE FOR THE CHRISTIAN CHURCH CAPITAL AREA AND PARTICIPATED IN AN EDUCATIONAL SEMINAR FOR CHURCH MINISTRY FOR THE D.C. BAPTIST CONVENTION - SENIOR MINISTRIES. THE CAMPUS HOSTED A WORKSHOP FOR SPIRITUAL LEADERS, COUNSELORS AND THERAPISTS. INTERNSHIPS WERE PROVIDED FOR HOWARD UNIVERSITY'S SCHOOL OF DIVINITY AND LOYOLA UNIVERSITY OF MARYLAND. PROVIDED TRAINING, ROOM SPACE FOR EDUCATORS AND SERVED AS A TESTING SITE FOR MONTGOMERY COLLEGE'S CERTIFIED NURSING ASSISTANT, GERIATRIC NURSING ASSISTANT AND CERTIFIED MEDICINE AID PROGRAMS. IN AUGUST, THE CAMPUS PROVIDED CLINICAL CLASSROOM SPACE FOR MONTGOMERY COLLEGE'S CONTINUING EDUCATION PROGRAM FOR REGISTERED NURSES. THROUGHOUT THE YEAR, ASBURY METHODIST VILLAGE SERVED AS A REGIONAL TESTING SITE FOR MARYLAND'S GERIATRIC NURSING ASSISTANT ASSESSMENT. COLLABORATED WITH THE AMERICAN HEALTH ASSISTANCE FOUNDATION TO CREATE A PUBLIC SERVICE ANNOUNCEMENT ON ALZHEIMER'S DISEASE AND TO PRESENT A FREE EDUCATIONAL PROGRAM ON HEALTHY AGING. PARTICIPATED IN A FUNDRAISER FOR THE ALZHEIMER'S ASSOCIATION, RAISED FUNDS FOR THE WALK TO END ALZHEIMER'S, AND HELD A MEMORY AND BLOOD PRESSURE SCREENING EVENT FOR SURROUNDING COMMUNITIES ON CAMPUS. RAISED FUNDS FOR THE MANNA FOOD BANK , THE GAITHERSBURG SOCIAL SERVICES DEPARTMENT'S ADOPT A FAMILY PROGRAM AND COLLABORATED WITH SODEXO SENIOR SERVICES TO COLLECT 4,000 POUNDS OF FOOD FOR THE STOP HUNGER CAMPAIGN. PARTNERED WITH THE BLACKROCK CENTER FOR ARTS CULMINATED IN THE CREATION OF THE ARTS FOR LIFE AND LEARNING PROGRAM, WHICH OFFERS WORKSHOPS ON CREATIVE MOVEMENT, PAINTING, AND DRAMA TO THOSE OVER 50. PROVIDED SPACE FOR MORE THAN 25 LOCAL ORGANIZATIONS TO HOLD MEETINGS AND DONATED GOODIE BAGS TO THE STEPPING STONES CHILDREN'S SHELTER. PARTNERED WITH LOCAL HOSPITALS TO PROVIDE FREE DIABETES EDUCATION, SENIOR FIT CLASSES AND TWO LIVING WELL SIX-WEEK WORKSHOPS OPEN TO THE WIDER COMMUNITY. BETHANY VILLAGE PROVIDED CLINICAL PASTORAL EDUCATION TRAINING. BETHANY VILLAGE OAKS SKILLED CARE FACILITY SERVED AS A TRAINING SITE FOR STUDENTS IN THE CUMBERLAND-PERRY VOCATIONAL TECHNICAL SCHOOL'S CERTIFIED NURSING ASSISTANT PROGRAM. TRAINING SITE FOR HARRISBURG AREA COMMUNITY COLLEGE CERTIFIED NURSING ASSISTANT AND GERIATRIC NURSING PROGRAMS. CAMPUS STAFF PROVIDED HOUSING AND WORKED WITH INTERNS IN THE MASTER'S IN HEALTHCARE ADMINISTRATION PROGRAMS AT GEORGE WASHINGTON UNIVERSITY AND GEORGETOWN UNIVERSITY. IN ADDITION, BETHANY VILLAGE PROVIDED INTERNSHIP OPPORTUNITIES WITH MESSIAH COLLEGE IN THE AREAS OF ASSISTED LIVING, SKILLED CARE AND SOCIAL WORK. FURTHER, BETHANY VILLAGE'S WELLNESS DIRECTOR SPOKE TO MESSIAH COLLEGE STUDENTS IN A SEMINAR CLASS ABOUT WORKING WITH SENIOR CITIZENS. BETHANY VILLAGE CONTINUED ITS COMMITMENT TO THOSE AFFECTED BY ALZHEIMER'S DISEASE BY HOSTING MONTHLY SUPPORT GROUPS FOR FAMILY MEMBERS OF THOSE WITH ALZHEIMER'S AND RAISING MORE THAN $4,800 FOR THE ALZHEIMER'S ASSOCIATION MEMORY WALK. SPONSORED A BLOOD DRIVE FOR THE CENTRAL PENNSYLVANIA BLOOD BANK, ASSISTED WITH THE UNITED WAY DAY OF CARING, VOLUNTEERED AT REACH HOMELESS SHELTER AND COLLECTED OVER 600 POUNDS OF FOOD FOR NEW HOPE MINISTRIES. ORGANIZED A CLASS TO HELP SOMALI REFUGEES LEARN ENGLISH AND HOSTED AND DONATED HELP AND SPACE FOR AN AFTER-SCHOOL TUTORING PROGRAM FOR THE SOMALI COMMUNITY IN CENTRAL PENNSYLVANIA. DONATED WALKERS, WHEELCHAIRS, AND MOTORIZED SCOOTERS TO THE UNITED CEREBRAL PALSY CHANGING HANDS PROGRAM AND OVER 20 BAGS OF CLOTHING WERE DONATED TO VOLUNTEERS OF AMERICA FOR AREA THRIFT STORES. DONATED ROOM SPACE TO SEVERAL AREA COMMUNITY GROUPS INCLUDING THE MECHANICSBURG ROTARY CLUB, WEST SHORE CHAMBER OF COMMERCE AND THE OYSTER MILL PLAYHOUSE. HELD A GREEN FAIR WHERE BETHANY VENDORS DISPLAYED THEIR COMPANIE'S INVOLVEMENT WITH "GOING GREEN" TO THE SURROUNDING COMMUNITY AND RESIDENTS. EPWORTH MANOR PROVIDED ON-SITE CARING FOR THE ELDERLY TRAINING TO STUDENTS FROM THE TYRONE AREA HIGH SCHOOL HEALTH TECH TRAINING PROGRAM PROVIDED SUPERVISION OF A STUDENT EXPLORING ELDER CARE CAREERS THROUGH THE CAREERLINK SUMMER YOUTH PROGRAM OF BLAIR COUNTY FROM JUNE THROUGH AUGUST. RAISED $960 FOR THE ALZHEIMER'S ASSOCIATION MEMORY WALK AND HOSTED THREE CLASSES IN APRIL, AUGUST AND NOVEMBER FOR THE SENIORS FOR SAFE DRIVING PROGRAM. AN EPWORTH MANOR ASSOCIATE PROVIDED CPR TRAINING TO THE STAFF OF TWO AREA PHYSICIANS. DONATED WHITE PLASTIC BAGS FOR USE AS GOODIE BAGS TO THE CHILDREN'S MIRACLE NETWORK . FOOD DRIVE WAS HELD TO BENEFIT THE TYRONE AREA FOOD BANK AND GIFTS WERE COLLECTED FOR THE SALVATION ARMY CHILDRENS CHRISTMAS GIFT PROJECT. HOSTED SPRING SIGN-UPS FOR THE TYRONE YOUTH BASEBALL ASSOCIATION. SPRINGHILL PROVIDED SUPERVISION FOR SPEECH THERAPY INTERNS FROM EDINBORO UNIVERSITY, PHYSICAL THERAPY INTERNS FROM GANNON UNIVERSITY AND MERCYHURST COLLEGE, AND SERVED AS A CLINICAL TRAINING SITE FOR NURSE AIDES WITH HEALTHCARE VENTURES ALLIANCE. MARKETING STAFF PROVIDED A PROJECT FOR FOUR STUDENTS IN MERCYHURST COLLEGE'S MARKETING COMMUNICATION AND STRATEGIES CLASS. PROVIDED 195 HOURS OF SUPERVISION FOR A STUDENT IN PENN STATE UNIVERSITY'S KINESIOLOGY NURSING PROGRAM, AND AN EDUCATIONAL SESSION WAS HELD FOR 22 NURSING DIRECTORS FROM THE REGION IN FEBRUARY. THE COMMUNITY RAISED OVER $7,000 FOR THE ALZHEIMER'S ASSOCIATION MEMORY WALK AND OVER $1,000 FOR THE LEUKEMIA & LYMPHOMA SOCIETY'S LIGHT THE NIGHT WALK. HOSTED SUPPORT GROUPS FOR FAMILY MEMBERS OF THOSE WITH ALZHEIMER'S AND NEUROPATHY AND DONATED ROOM SPACE FOR A 55 ALIVE CLASS FOR THE AMERICAN ASSOCIATION OF RETIRED PERSONS (AARP). STAFF MEMBER SERVED ON THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS FOR THE ERIE CENTER ON HEALTH AND AGING. CONTRIBUTIONS TO THE LOCAL ENVIRONMENT INCLUDED RECYCLING DRIVES DURING THE SPRING MONTHS AND CONTINUED SPONSORSHIP AND CLEANUP EFFORTS ON A TWO-MILE STRETCH OF HIGHWAY THROUGH THE ADOPT-A-HIGHWAY PROGRAM. ASSOCIATES SERVED AS VOLUNTEERS FOR SEVERAL COMMUNITY INITIATIVES INCLUDING THE SECOND HARVEST FOOD BANK, THE ERIE COMMUNITY CULTURAL ARTS THEATRE, AND AN AUCTION TO SUPPORT THE LOCAL PUBLIC BROADCASTING TELEVISION STATION. 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 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 SOLOMONS, AND ONE RESIDENT OF ASBURY METHODIST VILLAGE. FORM 990, PART VI, SECTION A, LINE 6 ASBURY ATLANTIC 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 ATLANTIC AND ELECTS THE GOVERNING BODY. FORM 990, PART VI, SECTION A, LINE 7B ONLY CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO ASBURY COMMUNITY 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 AND INVERNESS VILLAGE, AN OKLAHOMA NOT FOR PROFIT CORPORATION. ASBURY COMMUNITIES HAS A SYSTEM WIDE AUDIT COMMITTEE. THE ASBURY ATLANTIC BOARD OF DIRECTORS HAS DELEGATED A REVIEW OF THE FORM 990 TO THE SYSTEM AUDIT COMMITTEE. A COPY OF THE FORM 990 WILL BE MAILED TO COMMITTEE MEMBERS PRIOR TO MEETING. IN ADDITION, THE FORM HAS BEEN POSTED ON THE ASBURY ATLANTIC 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 INTEREST IN ATTENDING HTE 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 COMPLIANCE OFFICER IS GENERALLY RESPONSIBLE FOR THE POLICY PROCESS. ALL 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. ANNUALLY, EACH MEMBER OF THE GOVERNING BODY COMPLETES A DETAILED QUESTIONNAIRE DESIGNED TO IDENTIFY ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. A FULL REPORT OF RESPONSES TO THIS QUESTIONNAIRE IS REVIEWED BY THE COMPLIANCE OFFICER AND PROVIDED TO THE AUDIT COMMITTEE. IN CASE CONFLICT OF INTEREST ARISE, THE MEMBER OF GOVERNING BODY WILL BE ASKED TO RESIGN FROM THE ORGANIZATION. 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(S) OF ASBURY COMMUNITIES AND ASBURY ATLANTIC EACH HAVE 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 TOWER 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 TOWER 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 GOVERNING DOCUMENTS ARE AVAILABLE IN THE RESIDENT LIBRARIES. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. 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 ASBURY ATLANTIC, 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 2010 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $162.1 MILLION AND TOTAL ASSETS IN EXCESS OF $500 MILLION. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 873,174. TRANSFER FROM ASBURY FOUNDATION 576,118. TRANSFER FROM ASBURY COMMUNITIES -2,060,000. NET UNREALIZED GAIN ON DERIVATIVE INSTRUMENTS -2,503,773. CHANGE IN BENEFICIAL INTEREST OF FOUNDATION 1,556,405. CHANGE IN VALUE OF DFERRED GIVING -110,075. LOSS ON ADVANCED BOND FUNDING -4,885,744. LOSS ON SALE OF ASSETS -1,293,130. UNRELATED BUSINESS LOSS 52,300. TOTAL TO FORM 990, PART XI, LINE 5: -7,794,725. FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS NOT MADE ANY CHANGES TO ITS OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEAR. 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 ASBURY COMMUNITIES INC 20030 CENTURY BLVD GERMANTOWN MD 20874 521862677 MANAGEMENT SERVICES MD 501(C)(3) 11 N/A 0 ASBURY FOUNDATION INC 20030 CENTURY BLVD SUITE 300 GERMANTOWN MD 20874 521862674 RAISING FUNDS FOR CHARITY CARE MD 501(C)(3) 11 N/A 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 1 0