2011-11-09T15:25:26-06:00 2010-12-31 LARSONALLEN LLP 18 SENTRY PARK WEST SUITE 300 BLUE BELL PA 194222240 990 2010-01-01 521862677 ASBURY COMMUNITIES INC ASBU 3012502100 20030 CENTURY BLVD NO 300 GERMANTOWN MD 20874 KIM EHRENFRIED 3012502100 2011-11-09 1 BERNADETTE O'TOOLECPA 2156433900 2010 2016-02-24 21:20:13Z EDWIN C THOMAS III 20030 CENTURY BLVD NO 300 GERMANTOWN MD 20874 17720347 0 X WWW.ASBURY.ORG X 1994 MD CREATING SERVICES FOR SENIORS THAT ENHANCE THE VALUE OF THE ENTIRE SPAN OF LIFE. THE ORGANIZATION'S PURPOSE IS TO PROVIDE MANAGEMENT SERVICES TO SUPPORTED ORGANIZATIONS, WHICH PROVIDE HOUSING AND HEALTHCARE TO THE ELDERLY IN A FINANCIALLY SECURE ENVIRONMENT. 15 13 65 14 -2487 -2487 0 0 7416813 7104439 -3385186 1293880 0 0 4031627 8398319 0 0 0 0 7308175 7568750 0 0 0 2577712 2812202 9885887 10380952 -5854260 -1982633 35174907 37653101 11673178 14101839 23501729 23551262 X ASBURY COMMUNITIES' MISSION IS CREATING SERVICES FOR SENIORS THAT ENHANCE THE VALUE OF THE ENTIRE SPAN OF LIFE. THE ORGANIZATION'S PURPOSE IS TO PROVIDE ADMINISTRATIVE SERVICES TO SUPPORTED ORGANIZATIONS, WHICH PROVIDE HOUSING AND HEALTH CARE TO SENIORS IN A FINANCIALLY SECURE ENVIRONMENT. 0 0 9479117 7104439 PROVIDED 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. ALL OF THE SUPPORTED ORGANIZATIONS ARE NOT FOR PROFIT 501(C) (3) TAX EXEMPT ORGANIZATIONS. 9479117 1 0 0 1 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 X 266 0 1 65 1 1 1 1 EI OC 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 X MICHAEL CONNELL CFO 3012502100 20030 CENTURY BLVD STE 300 GERMANTOWN MD 20874 X LLOYD B HARRISON III 1.00 X X 0 0 0 CAROLYN STAMATAKIS 1.00 X 0 0 0 ANN GILLESPIE 1.00 X 0 0 0 THOMAS W ALLEN DO 1.00 X 0 0 0 SHAWN BLOOM 1.00 X 0 0 0 ELLEN M GOITIA 1.00 X X 0 0 0 PHILLIP T GOLDSTEIN 1.00 X 0 0 0 MEARLE L GRIFFITH 1.00 X 0 0 0 ROCHELLE L KROWINSKI 1.00 X 0 0 0 NANCY ORTMEYER KUHN 1.00 X 0 0 0 CAROL BRYDEN MOORE 1.00 X 0 0 0 LYDIA PUGH 1.00 X 0 0 0 LOWELL STARLING 1.00 X 0 0 0 EDWIN C THOMAS III 60.00 X X 492092 0 12746 JIM RUTH 1.00 X 0 0 0 PEGGY CRESPI KAPLAN 60.00 X 280330 0 13672 TIM SEXTON 50.00 X 101727 0 3042 ANDREW JOSEPH 50.00 X 187352 0 13008 DOUG LEIDIG 60.00 X 339009 0 12746 MICHAEL CONNELL 60.00 X 274308 0 15246 SUE DACAMARA 50.00 X 248560 0 11673 KIM EHRENFRIED 50.00 X 153551 0 10728 BRAD REYNOLDS 50.00 X 259889 0 10856 CATHY RITTER 50.00 X 130978 0 6984 MICHAEL REYNOLDS 40.00 X 259889 0 11598 RHONDA TERANTO 50.00 X 171008 0 11693 PAULA GALLIANI 50.00 X 132971 0 10784 KEN NOREEN 50.00 X 342138 0 15246 3373802 0 160022 20 0 1 0 LARSON ALLEN LLP 18 SENTRY PARK W SUITE 300 BLUE BELL PA 19422 AUDIT,TAX AND CONSULTING SERVICES 359971 SODEXO INC & AFFILIATES PO BOX 536922 ATLANTA GA 30353 WELLNESS PROGRAM 274232 CERIDIAN 3311 EAST OLD SHAPOPEE ROAD MINNEAPOLIS MN 55425 PAYROLL SERVICES 177968 3 MANAGEMENT FEES 541610 7104439 7104439 7104439 170388 -2487 172875 10445520 9322028 1123492 1123492 1123492 8398319 7104439 -2487 1296367 2440535 1952428 488107 4247194 4169120 78074 115668 115668 402547 359719 42828 362806 344321 18485 98798 98798 280839 280839 30000 30000 597362 505389 91973 509837 509837 770946 756802 14144 93114 90427 2687 1208 1208 181960 169741 12219 100634 100634 13051 13051 DUES AND SUBSCRIPTIONS 38408 26153 12255 EDUCATION AND TRAINING 37778 32277 5501 REPAIRS AND MAINTENANCE 23736 23339 397 34531 34531 10380952 9479117 901835 0 5804972 1473775 6070 44671 735701 250885 516235 484816 11320551 17728335 253197 378677 17273882 17542827 35174907 37653101 11537969 13939160 135209 162679 11673178 14101839 X 23501729 23551262 23501729 23551262 35174907 37653101 X -1982633 2032166 X X 0 1 1 X 0 X X X 0 0 0 ASBURY ATLANTIC INC 520607956 09 1 1 1 0 ASBURY SOLOMONS INC 521862675 09 1 1 1 0 INVERNESS VILLAGE 731539802 09 1 1 1 0 3 0 SCHEDULE A, PART IV, SUPPLEMENTAL INFORMATION: SCHEDULE A, PART I, LINE 11H, COLUMN VII: ASBURY COMMUNITIES, INC. PROVIDES NON-MONETARY SUPPORT TO ITS SUPPORTED ORGANIZATIONS WHICH INCLUDE ASBURY ATLANTIC, INC., ASBURY-SOLOMONS, INC., AND INVERNESS VILLAGE, AN OKLAHOMA NOT-FOR-PROFIT CORPORATION. ASBURY COMMUNITIES, INC. PROVIDES EXECUTIVE MANAGEMENT FUNCTIONS AS WELL AS POLICY AND OVERALL GUIDANCE TO ITS SUPPORTED ORGANIZATIONS. ADDITIONALLY, ASBURY COMMUNITIES, INC. PROVIDES FINANCE, LEGAL, ACCOUNTING, HUMAN RESOURCES, COMMUNICATIONS, INFORMATION TECHNOLOGY, GOVERNANCE SUPPORT AND MARKETING SUPPORT. 0 0 0 0 0 0 0 0 1 30000 30000 0 EXPLANATION OF OTHER LOBBYING ACTIVITIES: PART II-B, LINE 1I: HIRED ATTORNEY TO WORK WITH OUR STATE ASSOCIATION ON THEIR LEGISLATIVE INITIATIVES. 728101 250885 477216 7600 7600 484816 DUE FROM AFFILIATES 16976260 DEPOSITS 222313 OTHER RECEIVABLES 581 DUE FROM THE ASBURY GROUP, INC. 343673 17542827 8398319 10380952 -1982633 118679 1913487 2032166 49533 8400806 0 8400806 -2487 -2487 8398319 10380952 0 10380952 0 10380952 DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASBURY COMMUNITIES AND AFFILIATES, EXCEPT THE ASBURY GROUP, INC. (TAG), 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. 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 ACCOMPANYING 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 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 2007 TO 2009 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES. PART XI, LINE 8 - OTHER ADJUSTMENTS: TRANSFERS FROM AFFILIATES 1,911,000. UNRELATED BUSINESS LOSS 2,487. PART XII, LINE 4B - OTHER ADJUSTMENTS: UNRELATED BUSINESS LOSS -2,487. X X X X X 0 0 0 0 0 0 0 0 0 EDWIN C THOMAS III 481528 0 7000 0 3564 0 7350 0 5396 0 504838 0 0 0 PEGGY CRESPI KAPLAN 273008 0 5000 0 2322 0 7350 0 6322 0 294002 0 0 0 ANDREW JOSEPH 182457 0 4500 0 395 0 5824 0 7184 0 200360 0 0 0 DOUG LEIDIG 333469 0 5000 0 540 0 7350 0 5396 0 351755 0 0 0 MICHAEL CONNELL 253822 0 20000 0 486 0 7350 0 7896 0 289554 0 0 0 SUE DACAMARA 242337 0 5000 0 1223 0 7350 0 4323 0 260233 0 0 0 KIM EHRENFRIED 148744 0 4500 0 307 0 4909 0 5819 0 164279 0 0 0 BRAD REYNOLDS 254368 0 5000 0 521 0 7350 0 3506 0 270745 0 0 0 MICHAEL REYNOLDS 254868 0 4500 0 521 0 6202 0 5396 0 271487 0 0 0 RHONDA TERANTO 166194 0 4000 0 814 0 5297 0 6396 0 182701 0 0 0 KEN NOREEN 335896 0 5000 0 1242 0 7350 0 7896 0 357384 0 0 0 FORM 990, PART I, LINE 6 ON THE PART I SUMMARY, LINE 6, WE HAVE LISTED 14 TOTAL VOLUNTEERS. THESE ARE OUR OUTSIDE BOARD OF DIRECTORS THAT DONATE THEIR TIME AND EXPERIENCE. THESE DIRECTORS ARE VOLUNTEERS THAT PERFORM AN INDEPENDENT, OBJECTIVE FUNCTION, KEEPING AN EYE ON THE ORGANIZATION'S STRUCTURE, FINANCES, AND THE RESULTS OF THE CARE AND SERVICES WE DELIVER. FORM 990, PART I, LINE 4 ON PAGE 1, PART 1 SUMMARY, LINE 4 WE HAVE REPORTED 13 INDEPENDENT VOTING MEMBERS OF THE GOVERNING BODY. THE NON-INDEPENDENT BOARD MEMBERS CONSIST OF ONE EMPLOYEE OF ASBURY AND ONE RESIDENT OF BETHANY VILLAGE. FORM 990, PART III, LINE 4 ASBURY COMMUNITIES, INC. 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. AN EXAMPLE OF TRAINING THE NEXT GENERATION OF LEADERS IS THAT ASBURY COMMUNITIES, INC. IS COMMITTED TO TRAINING THE NEXT GENERATION OF LEADERS IN SENIOR LIVING AND DEMONSTRATED THAT IN SEVERAL WAYS DURING 2010. FOR EXAMPLE, ASBURY'S SENIOR VICE PRESIDENT OF OPERATIONS AND ITS ASSISTANT GENERAL COUNSEL CONDUCTED A SEMINAR AT ASBURY METHODIST VILLAGE WITH A GROUP OF GRADUATE STUDENTS FROM THE GEORGE WASHINGTON AND GEORGETOWN UNIVERSITIES. DURING THE PROGRAM, THEY DISCUSSED DIFFERENT CAREER PATHS AND CERTIFICATION REQUIREMENTS RELATED TO CONTINUING CARE RETIREMENT COMMUNITY ADMINISTRATION. FURTHER, GRADUATE STUDENT INTERNS FROM THE GEORGE WASHINGTON UNIVERSITY VISITED ASBURY COMMUNITIES' CORPORATE HEADQUARTERS ON SEVERAL OCCASIONS, WHERE THEY WERE GIVEN OVERVIEWS OF THE DUTIES ASSOCIATED WITH AREAS OF LEGAL AND FINANCIAL COMPLIANCE, RISK MANAGEMENT, REIMBURSEMENT, MARKETING AND CCRC MANAGEMENT. ASBURY COMMUNITIES HAD DONATION DRIVE IN 2010 FOR TOYS FOR TOTS AND THE MONTGOMERY COUNTY HUMANE SOCIETY. FORM 990, PART V, LINE 4B ON PART V, STATEMENTS REGARDING OTHER IRS FILINGS AND TAX COMPLIANCE, LINE 4B, "IRELAND, OTHER COUNTRY" IS LISTED AS THE NAME OF THE FOREIGN COUNTRY THAT HAD A FINANCIAL ACCOUNT THAT ASBURY COMMUNITIES, INC. HAD AN INTEREST IN, OR SIGNATURE AUTHORITY OVER. THE "OTHER COUNTRY" IS ACTUALLY THE CHANNEL ISLANDS, HOWEVER, THERE ARE LIMITATIONS TO THE TAX PREPARATION SOFTWARE WHICH CAN ONLY DISPLAY THIS AS "OTHER COUNTRY". 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 DIRECTOR PROVIDES 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, ASBURY-SOLOMONS, INC. AND INVERNESS VILLAGE, AN OKLAHOMA NOT FOR PROFIT CORPORATION. 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. 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 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. A SUMMARY IS THEN PRESENTED TO THE BOARD OF DIRECTORS AT THE ANNUAL MEETING. BY THE WAY OF AN EXAMPLE, IN 2010, A MEMBER OF THE GOVERNING BODY DISCLOSED THAT SHE WAS PROVIDING CONSULTING SERVICES TO A POTENTIAL COMPETITOR TO THE ORGANIZATION. THE AUDIT COMMITTEE DETERMINED THAT THIS WAS A CONFLICT OF INTEREST AND THE MEMBER WAS ASKED TO RESIGN, WHICH SHE DID IMMEDIATELY. FORM 990, PART VI, SECTION B, LINE 15 THE SYSTEM WIDE COMPENSATION COMMITTEE MEETS WITH THE INDEPENDENT COMPENSATION CONSULTANT, AND BASED ON INFORMATION PROVIDED 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 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 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 ORGANIZATIONS. THESE ORGANIZATIONS INCLUDE ASBURY ATLANTIC, INC., ASBURY-SOLOMONS, INC., AND INVERNESS VILLAGE, AN OKLAHOMA NOT-FOR-PROFIT CORPORATION. ASBURY COMMUNITIES, INC., THE SUPPORTING PARENT COMPANY ALONE, HAD 65 EMPLOYEES AS OF 12/31/2010. ON THE FORM 990, PART VII, SECTION A, WE HAVE 20 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 1,900 TOTAL EMPLOYEES. 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. CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 118,679. TRANSFERS FROM AFFILIATES 1,911,000. UNRELATED BUSINESS LOSS 2,487. TOTAL TO FORM 990, PART XI, LINE 5: 2,032,166. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS NOT MADE ANY CHANGES TO ITS OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEAR. ASBURY ATLANTIC INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 520607956 HOUSING AND HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) 9 N/A 0 WESLEY AFFILIATED SERVICES FOUNDATION INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 251871878 RAISING FUNDS FOR CHARITY CARE PA 501(C)(3) 11 N/A 0 INVERNESS VILLAGE 2516 EAST 71ST STREET TULSA OK 74136 731539802 HOUSING AND HEALTHCARE FOR OLDER ADULTS OK 501(C)(3) 9 N/A 0 ASBURY SOLOMONS INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 521862675 HOUSING AND HEALTHCARE FOR OLDER ADULTS MD 501(C)(3) 9 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 AFFILIATED ASSOCIATES INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 510426078 EMPLOYEE PAYMASTER COMPANY MD 501(C)(3) 11 N/A 0 THE ASBURY GROUP INC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 205038820 TECH & MGT SVCS DE C 1.00000 TAG MARKETING LLC 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 262896006 MARKETING SRVCS DE C 1.00000 THE ASBURY GROUP INTEGRATED TECHNOLOGIES LLC (TAG INTEGRATED TECHNOLOGIES) 20030 CENTURY BOULEVARD GERMANTOWN MD 20874 262896175 INFO & CNSLT SVCS DE C 1.00000 0 0 0 1 1 0 0 0 0 0 1 1 1 0 0 0 1 1 ASBURY ATLANTIC R 2060000 ACCRUAL BASIS ASBURY SOLOMONS R 601000 ACCRUAL BASIS ASBURY ATLANTIC K 5015808 ACCRUAL BASIS ASBURY SOLOMONS K 617077 ACCRUAL BASIS INVERNESS VILLAGE K 673630 ACCRUAL BASIS DUE TO ASBURY ATLANTIC E 2547093 ACCRUAL BASIS DUE TO WESLEY AFFILIATED SERVICES FOUNDATION E 1496124 ACCRUAL BASIS DUE TO ASBURY FOUNDATION E 8379274 ACCRUAL BASIS DUE FROM ASBURY SOLOMONS D 8411225 ACCRUAL BASIS DUE FROM INVERNESS VILLAGE D 20987525 ACCRUAL BASIS DUE FROM ASBURY GROUP INC D 343673 ACCRUAL BASIS INVERNESS VILLAGE Q 750000 ACCRUAL BASIS THE ASBURY GROUP INC L 3793009 ACCRUAL BASIS THE ASBURY GROUP INC L 2749 ACCRUAL BASIS FORM 990, PART V, LINE 1R ASBURY COMMUNITIES, INC. SERVES AS THE OBLIGATED GROUP AGENT FOR THE MARYLAND AND PENNSYLVANIA OBLIGATED GROUPS AND IN THAT CAPACITY TRANSFERS FUNDS TO AND FROM MEMBERS OF THOSE OBLIGATED GROUPS.