Asbury Towers Retirement Community Inc
- Assets
- $3.6m
- Revenue
- $4.1m
- Investments
- $7.9k
- Employees
- 127
- Location
- Greencastle, IN
- Founding
- 01/1981
- Data as of
- 12/2023
- EIN
- 31-0995841
Organization Overview
Asbury Towers Retirement Community Inc is located in Greencastle, IN. The organization was established in 1981. According to its NTEE Classification (P75) the organization is classified as: Supportive Housing for Older Adults, under the broad grouping of Human Services and related organizations. As of 12/2023, Asbury Towers Retirement Community Inc employed 127 individuals. This organization is the central organization for a national or regional group of organizations. Asbury Towers Retirement Community 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 Towers Retirement Community Inc generated $4.1m in total revenue. The organization has seen a slow decline revenue. Over the past 8 years, revenues have fallen by an average of (1.2%) each year. All expenses for the organization totaled $5.1m during the year ending 12/2023. 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
RESIDENTIAL AND HEALTH CARE FOR SENIOR CITIZENS
Describe the Organization's Program Activity:
Part 3 - Line 4a
HOME PROVIDES RESIDENTIAL AND HEALTH CARE SERVICES TO APPROXIMATELY 120 SENIOR CITIZENS AND IS AFFILIATED WITH THE UNITED METHODIST CHURCH.
Get More from Intellispect for FreeCreate a free account to get more data, nonprofit salaries, advanced search and more.
Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
William T Murphy Director | Trustee | 1 | $0 |
Stacie Langdon Director | Trustee | 1 | $0 |
Rod Jackson Executive Director | Trustee | 40 | $150,644 |
Larry Sutton Director | Trustee | 1 | $0 |
David Bray Director | Trustee | 1 | $0 |
Stacey Barclay Director | Trustee | 1 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $20,603 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $20,603 |
| Total Program Service Revenue | $4,108,856 |
| Investment income | $9,957 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $7,200 |
| Net Gain/Loss on Asset Sales | -$24,685 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $4,121,931 |
| 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 | $3,760,049 |
| Pension plan accruals and contributions | $36,711 |
| Other employee benefits | $289,520 |
| Payroll taxes | $279,396 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $50,819 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $3,400 |
| Advertising and promotion | $1,776 |
| Office expenses | $16,008 |
| Information technology | $2,241 |
| Royalties | $0 |
| Occupancy | $61,487 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $156,494 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $302,997 |
| Insurance | $78,117 |
| All other expenses | $29,532 |
| Total functional expenses | $5,068,547 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $10,855 |
| Savings and temporary cash investments | $352,652 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | -$223,969 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $1,102,270 |
| Inventories for sale or use | $1,868 |
| Prepaid expenses and deferred charges | $13,137 |
| Net Land, buildings, and equipment | $2,336,999 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $7,946 |
| Investments—program-related | $0 |
| Intangible assets | $15,272 |
| Other assets | $8,468 |
| Total assets | $3,625,498 |
| Accounts payable and accrued expenses | $492,605 |
| Grants payable | $0 |
| Deferred revenue | $1,128,970 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $2,855,462 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $19,666 |
| Total liabilities | $4,496,703 |
| Net assets without donor restrictions | -$871,205 |
| 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 | $3,625,498 |