Asbury Points Inc
- Assets
- $34.5m
- Revenue
- $7.0m
- Investments
- $19.4m
- Employees
- 162
- Location
- Getzville, NY
- Founding
- 04/1997
- Data as of
- 12/2023
- 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 12/2023, Asbury Points Inc employed 162 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 12/2023, Asbury Points Inc generated $7.0m in total revenue. This represents relatively stable growth, over the past 8 years the organization has increased revenue by an average of 6.3% each year. All expenses for the organization totaled $5.7m during the year ending 12/2023. While expenses have increased by 2.9% per year over the past 8 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
2023
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 |
|---|---|---|---|
Gayle Denning Board Member/vice Chair | OfficerTrustee | 1 | $0 |
Dennis Fleischauer Board Member | Trustee | 1 | $0 |
Stephen Hunt Board Member | Trustee | 1 | $0 |
Mary Kelly Board Member/secretary | OfficerTrustee | 1 | $0 |
Pamela Murphy Board Member | Trustee | 1 | $0 |
David Reichard Board Member/chair | OfficerTrustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Leveled Contracting Inc Construction Contractor | 12/30/18 | $243,640 |
Mj Mechanical Services Inc Construction Contractor | 12/30/18 | $113,212 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $788,047 |
| All other contributions, gifts, grants, and similar amounts not included above | $85,372 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $873,419 |
| Total Program Service Revenue | $5,367,050 |
| Investment income | $369,568 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $193,244 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $6,966,938 |
| 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. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $1,908,098 |
| Pension plan accruals and contributions | $23,046 |
| Other employee benefits | $167,036 |
| Payroll taxes | $128,803 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $63,539 |
| Fees for services: Accounting | $24,991 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $0 |
| Advertising and promotion | $8,826 |
| Office expenses | $1,224 |
| Information technology | $4,439 |
| Royalties | $0 |
| Occupancy | $0 |
| Travel | $211 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $182,354 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $1,027,109 |
| Insurance | $46,105 |
| All other expenses | $573,248 |
| Total functional expenses | $5,741,353 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,606,203 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $295,191 |
| 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 | $153,163 |
| Net Land, buildings, and equipment | $11,615,606 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $19,353,119 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $1,465,212 |
| Total assets | $34,488,494 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $8,335,155 |
| 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 | $24,465,474 |
| Total liabilities | $32,800,629 |
| Net assets without donor restrictions | $1,662,281 |
| Net assets with donor restrictions | $25,584 |
| 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 | $34,488,494 |