2011-11-09T15:24:23-06:00 2010-12-31 LARSONALLEN LLP 18 SENTRY PARK WEST SUITE 300 BLUE BELL PA 194222240 990 2010-01-01 521862675 ASBURY SOLOMONSINC ASBU 4103943029 20030 CENTURY BLVD NO 300 GERMANTOWN MD 20874 KIM EHRENFRIED 4103943029 2011-11-09 1 BERNADETTE O'TOOLECPA 2156433900 2010 2016-03-07 17:11:31Z ANDREW W APPLEGATE 20030 CENTURY BLVD NO 300 GERMANTOWN MD 20874 19785007 0 X WWW.ASBURYSOLOMONS.ORG X 1994 MD ASBURY SOLOMONS' MISSION IS TO PROVIDE A CONTINUUM OF CARE FOR THE ELDERLY 15 11 346 50 0 0 1850 0 17104007 17670487 197997 310258 6786 6980 17310640 17987725 0 0 0 0 5204281 5606602 0 0 0 10856151 11478410 16060432 17085012 1250208 902713 62501003 62831199 92420876 94255890 -29919873 -31424691 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 4300129 5139212 SKILLED NURSING FACILITY: OPERATION OF A 48 BED SKILLED NURSING FACILITY (SNF) FOR THE AGED, PROVIDING 16,503 DAYS OF SERVICE IN 2010. $601,207 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF IN 2010. 1432832 1716748 ASSISTED LIVING FACILITY: OPERATION OF A 30 BED ASSISTED LIVING FACILITY FOR THE AGED, PROVIDING 8,119 DAYS OF CARE IN 2010. $146,254 OF BENEVOLENT CARE WAS PROVIDED TO ASSISTED LIVING RESIDENTS IN 2010. 9026018 10814527 RESIDENTIAL LIVING: OPERATION OF 300 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 107,149 DAYS OF SERVICE IN 2010. $13,538 OF BENEVOLENT CARE WAS PROVIDED TO RESIDENTIAL LIVING RESIDENTS IN 2010.SEE SCHEDULE O FOR COMMUNITY BENEFITS INFORMATION. 14758979 1 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 39 0 1 346 1 0 0 0 0 0 0 0 0 0 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 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 MICHAEL REDSHAW 1.00 X 0 0 0 PATRICIA BROACH 1.00 X 0 0 0 MARY ELLEN ELWELL 1.00 X 0 0 0 REV CHARLES L HARRELL 1.00 X 0 0 0 MARGARET H PHIPPS 1.00 X 0 0 0 RODNEY THOMPSON 1.00 X 0 0 0 MAURICE E WOOD 1.00 X 0 0 0 ROXANNE CUMBERLAND 1.00 X 0 0 0 DOUGLAS LEIDG 1.00 X X 0 339009 12746 MICHAEL CONNELL 1.00 X X 0 274308 15246 SUE DACAMARA 1.00 X X 0 248560 11673 ANDREW APPLEGATE 50.00 X X 166586 0 12387 SCOTT BUSHONG 1.00 X X 0 184847 9251 DAVID DENTON 1.00 X X 0 206463 13862 MELISSA HADLEY 1.00 X X 0 186180 10440 JIM SCHNEIDER 1.00 X X 0 152011 8908 ROBIN STERN 1.00 X X 0 138013 9000 KIM EHRENFRIED 1.00 X 0 153551 10728 PEGGY CRESPI KAPLAN 1.00 X 0 280330 13672 HENRY MOEHRING 1.00 X 0 158560 10292 ANTONIO WILSON 1.00 X 0 47991 4173 DEBBIE BARRIS 1.00 X 0 56869 5602 ANDREW JOSEPH 1.00 X 0 187352 13008 166586 2614044 160988 1 0 1 0 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 FOOD SERVICE 1700958 TALON DETECTIVE AGENCY AND SECURITY 41680 MISS BESSIE DR LEONARDTOWN MD 20650 SECURITY SERVICE 318090 FLAGSHIP REHABILITATION SERVICE 157 BALTIMORE STREET CUMBERLAND MD 21502 REHABILITATION 315805 GRIFFIN'S FLOORING AMERICA 22755 MAPLE ROAD CALIFORNIA MD 20619 FLOORING & RENOVATIONS 203638 THE BRICKMAN GROUP LTD LLC 3630 SOLUTIONS CENTER CHICAGO IL 606773006 LANDSCAPE MAINTENANCE 147118 6 NET SERVICE REVENUE 623312 12301513 12301513 AMORTIZATION OF ENTRAN 623312 3589068 3589068 MEDICARE/MEDICAID PAYM 623312 1709822 1709822 OTHER OPERATING REVENU 623312 70084 70084 17670487 95533 95533 12990 6010 6980 6980 6980 2005997 1791272 214725 214725 214725 17987725 17670487 0 317238 178973 178973 4586583 4230583 356000 93033 84953 8080 389631 248105 141526 358382 322958 35424 662985 662985 24358 24358 41998 41998 1610995 1589758 21237 70784 70774 10 656936 517415 139521 384342 384342 1809677 1791037 18640 37455 27759 9696 2048419 2048419 2452870 2440042 12828 95657 95657 FOOD 731588 731375 213 REPAIRS & MAINTENANCE 557836 546845 10991 INTEREST-OTHER 32469 0 32469 LICENSING & CERTIFICATI 29776 2900 26876 DUES & SUBSCRIPTIONS 3970 978 2992 226295 105078 121217 17085012 14758979 2326033 0 151469 163146 5307231 7217933 411837 433298 187200 52800 37013 13695 3182161 2864710 74598854 24386214 51420279 50212640 421203 339855 4615 4350 1377995 1528772 62501003 62831199 453072 1162213 41200082 40967072 39211457 39198841 11556265 12927764 92420876 94255890 X -31206334 -32814082 268651 278679 1017810 1110712 -29919873 -31424691 62501003 62831199 X 902713 -2407531 X X 0 1 1 X 0 X 714123 63235 1850 779208 14053274 15067673 15740768 17104007 17670487 79636209 14767397 15130908 15740768 17105857 17670487 80415417 0 0 0 80415417 332037 311482 -448717 69370 108585 372757 332037 311482 -448717 69370 108585 372757 15099434 15442390 15292051 17175227 17779072 80788174 0.99540 0.99110 0.00460 0.00890 X 1017810 92902 1110712 1011841 5969 1017810 1028672 -16831 1011841 1.00000 0 1 1 5803678 5803678 62094255 19784760 42309495 5318107 4398200 919907 1382814 203254 1179560 50212640 DUE TO ASERV 8411225 REFUNDABLE ENTRANCE FEES 558815 VALUATION OF DERIVATIVE INSTRUMENT 3940631 CAPITAL LEASES 17093 12927764 17987725 17085012 902713 48917 -2456448 -2407531 -1504818 18079338 91613 91613 17987725 0 17987725 17091022 6010 6010 17085012 0 17085012 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 2007 TO 2009 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES PART XI, LINE 8 - OTHER ADJUSTMENTS: TRANSFERS FROM ASBURY FOUNDATION, INC. 85,603. NET UNREALIZED (LOSS) GAIN ON CHANGE IN MARKET VALUE OF DERIVATIVE INSTRUME -2,043,981. TRANSFER TO ACOMM -601,000. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF ASBURY FOUNDATION, INC. 102,930. PART XII, LINE 2D - OTHER ADJUSTMENTS: TRANSFERS FROM ASBURY FOUNDATION, INC. 85,603. RENTAL EXPENSE 6,010. PART XIII, LINE 2D - OTHER ADJUSTMENTS: RENTAL EXPENSE 6,010. X X X X X 0 0 0 0 0 0 0 0 0 DOUGLAS LEIDG 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 161241 0 5000 0 345 0 5203 0 7184 0 178973 0 0 0 SCOTT BUSHONG 0 179499 0 5000 0 348 0 5724 0 3527 0 194098 0 0 DAVID DENTON 0 200786 0 5000 0 677 0 6543 0 7319 0 220325 0 0 MELISSA HADLEY 0 180602 0 5000 0 578 0 5710 0 4730 0 196620 0 0 JIM SCHNEIDER 0 145711 0 5000 0 1300 0 4666 0 4242 0 160919 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 0 153820 0 4000 0 740 0 4896 0 5396 0 168852 0 0 ANDREW JOSEPH 0 182457 0 4500 0 395 0 5824 0 7184 0 200360 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 25935919 793896 24615758 526265 1 0 1 1 0 0 0 0 1 1 0 0 0 0 1 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 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. AND INVERNESS VILLAGE, AN OKLAHOMA NOT FOR PROFIT CORPORATION. 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. ASBURY RECORDED THE OCTOBER 12TH AUDIT COMMITTEE MEETING REVIEW OF THE ASBURY COMMUNITIES, INC. (ACOMM) DRAFT 990 VIA THE 1-800 CONFERENCE LINE. THE ACOMM, FOUNDATION, ASBURY ATLANTIC, ASBURY SOLOMONS, AND INVERNESS VILLAGE BOARD OF DIRECTORS WERE CONTACTED VIA EMAIL THAT THE DRAFT FORM 990S WERE OUT ON BOARDLINK AND PROVIDED THE LINK TO THE RECORDING OF THE AUDIT COMMITTEE MEETING IF BOARD MEMBERS CHOSE TO LISTEN TO THE MEETING 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 COMPLIANCE OFFICER 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 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 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 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 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 GAINS ON INVESTMENTS: 48,917. TRANSFERS FROM ASBURY FOUNDATION, INC. 85,603. NET UNREALIZED (LOSS) GAIN ON CHANGE IN MARKET VALUE OF DERIVATIVE INSTRUME -2,043,981. TRANSFER TO ACOMM -601,000. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF ASBURY FOUNDATION, INC. 102,930. TOTAL TO FORM 990, PART XI, LINE 5: -2,407,531. 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 ISLAND CONTRIBUTES TIME, SPACE AND MANPOWER BACK TO THE GREATER COMMUNITY IN WHICH ITS CONTINUING CARE RETIREMENT COMMUNITY IS LOCATED. ASBURY SOLOMONS ISLAND DIVIDES ITS COMMUNITY BENEFIT ACTIVITIES INTO FIVE CATEGORIES: BENEVOLENT CARE, TRAINING THE NEXT GENERATION OF LEADERS FOR SENIOR CARE, SUPPORTING OTHER LOCAL SENIOR SERVICES, GOING GREEN AND SUSTAINABLE, AND OTHER. ASBURY SOLOMONS ISLAND PROVIDES CHARITY CARE TO THOSE RESIDENTS WHOSE NEEDS EXCEED THEIR FUNDS, AND NO RESIDENT HAS EVER BEEN ASKED TO LEAVE ASBURY SOLOMONS ISLAND BECAUSE OF A LACK OF FUNDS THROUGH NO FAULT OF THEIR OWN. HIGHLIGHTS OF THIS YEAR'S COMMUNITY BENEFIT ACCOMPLISHMENTS INCLUDE THE FOLLOWING: ASBURY SOLOMONS ISLAND'S HUMAN RESOURCES DIRECTOR SPOKE AT AN ANNUAL CALVERT COUNTY MENTORING PARTNERSHIP BREAKFAST ON HER EXPERIENCES WITH THE GROUP'S JOB SHADOW DAY. THE COMMUNITY HOSTED FOUR STUDENTS AS PART OF THAT PROGRAM IN APRIL. COORDINATED A FREE TUTORING PROGRAM FOR AT-RISK STUDENTS AT CALVERT HIGH SCHOOL. THE CAMPUS HOSTED THE 2010 ALZHEIMER'S MEMORY WALK FOR THE SOUTHERN MARYLAND CHAPTER OF THE ALZHEIMER'S ASSOCIATION AND RAISED OVER $5,000 FOR THE EVENT. THE COMMUNITY'S GO GREEN COMMITTEE BEGAN A PARTNERSHIP WITH THE SOUTHERN MARYLAND OYSTER CULTIVATION SOCIETY RAISING NEW OYSTERS TO AID IN CHESAPEAKE BAY CLEAN-UP EFFORTS. IN THIS PROGRAM, RESIDENTS RECEIVE JUVENILE OYSTERS FROM SMOCS AND SUBMERGE THEM IN CAGES OFF THE COMMUNITY'S DOCK. RESIDENTS PERIODICALLY RAISE AND CLEAN ALGAE FROM THE CAGES, ENSURING THE OYSTER'S GROWTH. AFTER ONE YEAR, THE MORE MATURE OYSTERS ARE REMOVED FROM THE CAGES AND TRANSPLANTED ON THE COMMUNITY'S BREAKWATER, WHERE THEY WILL HELP FILTER THE RIVER WATER WHICH EVENTUALLY FLOWS INTO THE CHESAPEAKE BAY. CAMPUS STAFF ORGANIZED A SUPPORT GROUP FOR CAREGIVERS AND FAMILY MEMBERS OF PATIENTS WITH ALZHEIMER'S AND DONATED ROOM SPACE FOR THE MEETINGS THROUGHOUT THE YEAR. HELD MONTHLY CANNED FOOD DRIVES TO BENEFIT THE RANDLE CLIFF COMMUNITY CHURCH FOOD PANTRY, COLLECTING NEARLY $10,000 WORTH OF FOOD. CAMPUS STAFF MEMBERS PROVIDED FUNDRAISING ADVICE TO THE U.S. NAVAL AIR MUSEUM AT PATUXENT RIVER, JUDGED A LOCAL ARTS FESTIVAL, AND SERVED ON THE CALVERT COUNTY CHAMBER OF COMMERCE. 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 2010 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $162.1 MILLION AND TOTAL ASSETS IN EXCESS OF $540 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 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 0 0