Asbury Communities Inc

What it reported doing in 2024

Asbury communities, inc. ("asbury") is a tax-exempt, not-for-profit, supporting organization pursuant to 501(c)(3) and 509(a)(3) of the internal revenue code. Asbury provides defined business, administrative, and operational support to a system of 501(c)(3) tax-exempt, not-for-profit supported organizations that provide residential living and health care services to the aged. Beyond residential housing for the aged, the supported organizations also provide assisted living, skilled nursing, long term care, pace (life) programming, rehabilitation, pharmacy, and other ancillary services pursuant to their respective not-for-profit missions.i. Organization overviewasbury communities, inc. ("asbury") is a not-for-profit Maryland corporation organized under sections 501(c)(3) and 509(a)(3) of the internal revenue code. Asbury provides centralized business, administrative, operational, and strategic support to a system of not-for-profit, tax-exempt organizations dedicated to serving older adults by providing high quality residential living and health care services.the asbury system includes a continuum of services, including independent living, assisted living, memory support, skilled nursing, long-term care, life (living independently for elders, also known as pace), pharmacy, rehabilitation, and other ancillary programs - all delivered in alignment with the respective missions of the supported organizations.asbury communities, inc. Traces its origins to the establishment of asbury methodist village (gaithersburg, md) in 1926, originally founded as the methodist home for orphans and the aged. While no longer formally affiliated with the united methodist church, asbury continues to uphold the ethical and spiritual principles of its founding. The mission and values of the organization are expressed through its guiding principle: "doing all the good we can with integrity, transparency, and grace."ii. Program services providedsection a: benevolent care benevolent care is financial support provided to eligible residents who have exhausted their financial resources through no fault of their own and meet the approval criteria. This assistance helps cover a portion of the monthly service fees, certain ancillary expenses, and certain third-party costs.in 2024, more than $7.0 million in annual funds and unrestricted gifts were contributed to support residents, including those who have outlived their resources. In 2024, benevolent care support was provided for 70 residents across asbury's continuing care retirement communities:-asbury methodist village $1,598,855-asbury solomons $332,913-bethany village $963,381-normandie ridge $477,315-riverwoods $158,979-springhill $191,277total: $3,722,720 section b: unreimbursed medical services unreimbursed medical services represent the cost of care delivered in skilled nursing centers that exceed reimbursement provided by medicaid and other government payors. These unreimbursed costs reflect the organization's commitment to quality care regardless of a resident's ability to pay.unreimbursed care costs for 2024 include:-asbury methodist village $2,506,365-asbury solomons $588,027-bethany village $582,128-normandie ridge $868,236-riverwoods $2,968,367-springhill $735,967total: $8,249,090section c: community benefitas a not-for-profit organization, asbury communities is committed to enriching the lives of individuals both within and beyond the walls of its communities. Through collaboration, education, and outreach, asbury expands its impact by addressing unmet needs and building strong community partnerships. In 2024, these efforts included:-providing internships, mentorships, and clinical rotations to prepare future professionals in aging services and healthcare-advancing environmental sustainability through initiatives that reduce energy use and protect natural resources, including the chesapeake bay-supporting youth and families through school partnerships, mentoring, and civic engagement-participating

Financial Efficiency

• Mission deployment rate: 77.5%; rating input score 77
• Program expense ratio: 76.4%; rating input score 76
• Fundraising efficiency: Limited

Transparency & Controls

• Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
• Pay-setting controls: 6 of 6 controls in place; rating input score 100
  • Compensation committee: Pass
  • Independent consultant: Pass
  • Other Form 990s reviewed: Pass
  • Written employment contract: Pass
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: Limited
• Major donor itemization: Limited
• Related-party transparency: Yes; rating input score 100

Accountability

• Independent voting board: 90.9%; rating input score 91; 23rd percentile among comparable filings
• Governance controls: 9 of 9 controls in place; rating input score 100
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Pass
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 3%; rating input score 47; 47th percentile among comparable filings
• Total-asset coverage ratio: 1.01; rating input score 36; 36th percentile among comparable filings
• Liabilities to assets ratio: 3.5; rating input score 1; 1st percentile among comparable filings
• Officer compensation ratio: 2%; rating input score 77; 77th percentile among comparable filings

Growth

• Program expense growth: 3.7% per year; rating input score 100; 32nd percentile among comparable filings
• Revenue growth: 6.1% per year; rating input score 100; 52nd percentile among comparable filings
• Asset growth: -2.7% per year; rating input score 0; 5th percentile among comparable filings