Asbury Inc
- Assets
- $66.7m
- Revenue
- $30.1m
- Investments
- $417.0
- Employees
- 0
- Location
- Frederick, MD
- Founding
- 09/1961
- Data as of
- 12/2022
- EIN
- 62-0630670
Organization Overview
Asbury Inc is located in Frederick, MD. The organization was established in 1961. 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. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asbury 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 12/2022, Asbury Inc generated $30.1m in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (1.0%) each year. All expenses for the organization totaled $45.7m during the year ending 12/2022. 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
2022
Describe the Organization's Mission:
Part 3 - Line 1
EXPLORING POSSIBILITIES TO LIVE YOUR BEST LIFE BY DOING ALL THE GOOD WE CAN WITH INTEGRITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED NURSING FACILITIES: OPERATION OF 2 SKILLED NURSING FACILITIES (SNF'S) FOR THE AGED WITH 187 TOTAL BEDS PROVIDING 43,326 DAYS OF SERVICE IN 2022. $2,335,204 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF IN 2022.
RESIDENTIAL LIVING FACILITIES: OPERATION OF 188 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 57,369 DAYS OF SERVICE IN 2022. $182,937 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS DURING 2022.
ASSISTED LIVING FACILITIES: OPERATION OF 2 ASSISTED LIVING FACILITIES FOR THE AGED WITH 166 TOTAL SUITES PROVIDING 46,924 RESIDENT DAYS IN 2022. $76,293 OF BENEVOLENT CARE AND $328,163 CONTRACTUAL ALLOWANCES WERE PROVIDED TO THE ASSISTED LIVING RESIDENTS IN 2022.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Nellie Ward Cole Chair/president | OfficerTrustee | 2 | $0 |
David Atkinson Vice Chair | OfficerTrustee | 2 | $0 |
Vickie Harris Director | Trustee | 2 | $0 |
Bob Mccollum Director | Trustee | 2 | $0 |
Doug Leidig Director | Trustee | 2 | $0 |
Richard Shuman Director | Trustee | 2 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Sodexo Inc And Affiliates Dining, Maint, Hkp, Laundry | 12/30/21 | $5,495,087 |
Focusone Solutions Llc Medical Solutio Professional Staffing | 12/30/21 | $2,490,530 |
Acutis Diagnostics Inc Laboratory Services | 12/30/21 | $1,238,050 |
Mckesson Medical Ppe And Nursing Supplies | 12/30/21 | $465,217 |
Pharmacy Network Services Pharmacy Drugs & Services | 12/30/21 | $413,761 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $13,469 |
| Government grants | $3,397,596 |
| All other contributions, gifts, grants, and similar amounts not included above | $0 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $3,411,065 |
| Total Program Service Revenue | $27,086,081 |
| Investment income | $314,499 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,132 |
| Net Gain/Loss on Asset Sales | -$721,411 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $30,099,366 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $76,293 |
| 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 | $13,331,850 |
| Pension plan accruals and contributions | $364,617 |
| Other employee benefits | $1,489,219 |
| Payroll taxes | $970,946 |
| Fees for services: Management | $3,682,450 |
| Fees for services: Legal | $1,112,565 |
| Fees for services: Accounting | $34,788 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $7,309,312 |
| Advertising and promotion | $174,003 |
| Office expenses | $1,322,574 |
| Information technology | $1,051,892 |
| Royalties | $0 |
| Occupancy | $1,113,637 |
| Travel | $101,583 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,648,860 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,163,159 |
| Insurance | $846,152 |
| All other expenses | $1,198,201 |
| Total functional expenses | $45,732,769 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $344,078 |
| Savings and temporary cash investments | $5,440,257 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,121,235 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $229,010 |
| Inventories for sale or use | $77,171 |
| Prepaid expenses and deferred charges | $342,604 |
| Net Land, buildings, and equipment | $51,996,492 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $417 |
| Investments—program-related | $0 |
| Intangible assets | $5,480,000 |
| Other assets | $1,629,539 |
| Total assets | $66,660,803 |
| Accounts payable and accrued expenses | $3,135,242 |
| Grants payable | $0 |
| Deferred revenue | $28,289,962 |
| Tax-exempt bond liabilities | $38,805,355 |
| 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 | $9,214,750 |
| Total liabilities | $79,445,309 |
| Net assets without donor restrictions | -$13,074,993 |
| Net assets with donor restrictions | $290,487 |
| 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 | $66,660,803 |