Asbury Communities

Legal name: Asbury Atlantic Inc

Nonprofit profile at a glance

EIN: 520607956
IRS 990 coverage: 2010–2024
Official website data refreshed: Sep 2026
Forms available: Form 990 2024, Form 990-T 2022
Location: Frederick, MD, US
Phone: 301-250-2100
Rating: 73
Verdict: SUPPORTED
Rating confidence: Standard
Sector: Supportive Housing for Older Adults

Official website

Reported finances

Revenue: $212,854,275
Expenses: $186,262,859
Assets: $566,097,456
Liabilities: $591,394,272

Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

16 people listed

Executive titles in this filing

TODD ANDREWS (PRESIDENT/EX-OFFICIO)
MICHELLE POTTER (EXECUTIVE DIRECTOR (AMV))
BRIAN GRUNDUSKY (EXECUTIVE DIRECTOR (SH))
KELLY FRIEDMAN (EXECUTIVE DIRECTOR (AS))
AARON PRAETZEL (EXECUTIVE DIRECTOR (BV))
RACHEL KARISH (ASSOCIATE EXECUTIVE DIRECTOR)

Highest reported compensation

ANDREW JEANNERET (TREASURER): $743,578 total reported compensation
TODD ANDREWS (PRESIDENT/EX-OFFICIO): $547,211 total reported compensation
ANDREW JOSEPH (SECRETARY): $546,685 total reported compensation

Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Anticipate more is not just our tagline. It’s a promise we’ve been keeping for close to a century.

What it reported doing in 2024

Residential living facilities: operation of 1,675 residential living units for the aged, providing 529,699 days of service in 2024. $296,981 of benevolent care and $469,378 of contractual allowances were provided to residential living residents during 2024. Also provided health and wellness programming and service to residents.

Operating model

Revenue model: Earned-program. 93% of the money available for current operations came from fees and other program revenue.
Distribution model: Direct operator. The filing allocates 98% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Few specific pay-setting methods are documented in the filing; unanswered boxes are not proof of absence and fundraising costs are high for each dollar raised.

Rating breakdown

Financial Efficiency: 67
Transparency & Controls: 72
Accountability: 79
Sustainability: 70
Growth: 100

Detailed rating inputs

Financial Efficiency

Mission deployment rate: 66.7%; rating input score 67
Program expense ratio: 74.7%; rating input score 75
Fundraising efficiency: $11.61 raised per $1 spent on fundraising; rating input score 45; 45th percentile among comparable filings

Transparency & Controls

Consistency checks: 93.8%; rating input score 94; 25th percentile among comparable filings
Pay-setting controls: 0 of 6 controls in place; rating input score 0
- Compensation committee: Missing
- Independent consultant: Missing
- Other Form 990s reviewed: Missing
- Written employment contract: Missing
- Compensation survey or study: Missing
- Board or committee approval: Missing
Foreign activity oversight: Limited
Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
Major donor itemization: Yes; rating input score 100
Related-party transparency: Limited

Accountability

Independent voting board: 80%; rating input score 80; 28th percentile among comparable filings
Governance controls: 7 of 9 controls in place; rating input score 78
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Fail
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass

Sustainability

Operating margin: 12.5%; rating input score 78; 78th percentile among comparable filings
Total-asset coverage ratio: 3.04; rating input score 76; 76th percentile among comparable filings
Liabilities to assets ratio: 1.04; rating input score 5; 5th percentile among comparable filings
Officer compensation ratio: 0.2%; rating input score 91; 91st percentile among comparable filings

Growth

Program expense growth: 2.7% per year; rating input score 100; 19th percentile among comparable filings
Revenue growth: 4.4% per year; rating input score 100; 36th percentile among comparable filings
Asset growth: 3% per year; rating input score 100; 21st percentile among comparable filings

Details

What they do: 4 programs and campaigns described on the official site · 1 operating location identified
Where the money goes: 66.7% of revenue deployed · 74.7% of spending went to programs
Governance: 4 of 5 board members independent · 7 of 9 filing controls reported
Programs: 3 filed program accomplishments · $139.1M in reported program spending
Leadership: top reported pay $744K · 16 people listed · 0 of 6 pay-setting controls reported
Consistency: 35 of 36 current checks pass · 1 finding to review
Schedules: 9 filed schedules · includes major donors, grants, and executive pay
Filing history: 14 filing years from 2010 to 2024
Contacts: How to reach this organization
Related organizations: 15 filed related-organization links
Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

High — Transparency & Controls: Pay-setting controls scored 0/100.
Moderate — Financial Efficiency: Fundraising efficiency scored 45/100.
Review — Accountability: Governance controls: 2 of 9 not reported.
High — Sustainability: Liabilities to assets ratio scored 5/100.
Review — Transparency & Controls: Schedule R controlled transactions itemized did not reconcile in the filed values.