Asbury Points Inc
- Assets
- $34.7m
- Revenue
- $6.7m
- Investments
- $20.1m
- Employees
- 143
- Location
- Getzville, NY
- Founding
- 04/1997
- Data as of
- 12/2021
- EIN
- 16-1516081
Organization Overview
Asbury Points Inc is located in Getzville, NY. The organization was established in 1997. According to its NTEE Classification (L22) the organization is classified as: Senior Citizens Housing & Retirement Communities, under the broad grouping of Housing & Shelter and related organizations. As of 12/2021, Asbury Points Inc employed 143 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asbury Points Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2021, Asbury Points Inc generated $6.7m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 6.1% each year. All expenses for the organization totaled $5.3m during the year ending 12/2021. While expenses have increased by 2.3% per year over the past 7 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
GUIDED BY CHRISTIAN VALUES, WE ARE COMMITTED TO NURTURING EACH INDIVIDUAL'S QUALITY OF LIVING AND AGING BY HONORING PERSONAL VALUES IN A SUPPORTIVE ENVIRONMENT
Describe the Organization's Program Activity:
Part 3 - Line 4a
ASBURY POINTE, INC. OPERATES AN INDEPENDENT SENIOR LIVING COMMUNITY IN GETZVILLE, NEW YORK. THE COMMUNITY CONSISTS OF 110 UNITS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Daniel P O'neill President/ceo | Officer | 5 | $37,298 |
Kristin M Anderson Vice President/cfo | Officer | 5 | $25,877 |
Gayle Denning Board Member/vice Chair | OfficerTrustee | 1 | $0 |
Barbara Gasiewicz Board Member/secretary | OfficerTrustee | 1 | $0 |
David Reichard Board Member/chair | OfficerTrustee | 1 | $0 |
Thomas Grogan Board Member/treasurer | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Mj Mechanical Services Inc Construction Contractor | 12/30/18 | $113,212 |
Leveled Contracting Inc Construction Contractor | 12/30/18 | $243,640 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $363,500 |
| All other contributions, gifts, grants, and similar amounts not included above | $53,683 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $417,183 |
| Total Program Service Revenue | $4,853,270 |
| Investment income | $227,347 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,145,088 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,728,678 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $0 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $59,416 |
| Compensation of current officers, directors, key employees. | $10,179 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,673,377 |
| Pension plan accruals and contributions | $26,233 |
| Other employee benefits | $131,261 |
| Payroll taxes | $118,161 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $19,737 |
| Fees for services: Accounting | $14,652 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $22,190 |
| Office expenses | $103,953 |
| Information technology | $1,692 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $1,254 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $425,299 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,011,474 |
| Insurance | $150,423 |
| All other expenses | $220,700 |
| Total functional expenses | $5,319,049 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $670,505 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $9,479 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $0 |
| Prepaid expenses and deferred charges | $113,692 |
| Net Land, buildings, and equipment | $12,641,786 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $20,142,185 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,132,613 |
| Total assets | $34,710,260 |
| Accounts payable and accrued expenses | $32,150 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $9,181,175 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $23,740,190 |
| Total liabilities | $32,953,515 |
| Net assets without donor restrictions | $1,756,745 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $34,710,260 |
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|---|---|---|
Moravian Village Of Bethlehem Bethlehem, PA | $74,343,954 | $19,911,429 |
Community Healthcare Realty Inc Toms River, NJ | $8,596,047 | $19,288,515 |
Sarah A Reed Home Erie, PA | $16,706,184 | $19,190,049 |
Colgate Palmolive Post Retirement Veba Tr New York, NY | $1,964,886 | $6,599,849 |
Williamsport Home Williamsport, PA | $21,816,206 | $17,908,824 |
Orchard Park Ccrc Inc Orchard Park, NY | $79,217,375 | $18,334,727 |
Christopher House Inc Worcester, MA | $11,659,464 | $17,133,392 |
Seniorcare Montchanin Inc Hamilton, NJ | $10,084,234 | $15,044,151 |
Firemens Association Of The State Of New York Albany, NY | $46,544,668 | $18,019,275 |
Ascentria Care Alliance Inc West Brookfield, MA | $28,862,438 | $18,232,969 |
Holy Family Senior Living Bethlehem, PA | $8,945,725 | $16,667,938 |
Pitman Manor Inc Neptune, NJ | $6,381,281 | $14,956,021 |