Asbury Towers Retirement Community Inc
- Assets
- $5.4m
- Revenue
- $5.2m
- Investments
- $268.5k
- Employees
- 160
- Location
- Greencastle, IN
- Founding
- 01/1981
- Data as of
- 12/2021
- 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 12/2021, Asbury Towers Retirement Community Inc employed 160 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 12/2021, Asbury Towers Retirement Community Inc generated $5.2m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 1.9% each year. All expenses for the organization totaled $4.6m during the year ending 12/2021. While expenses have increased by 0.7% 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
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.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Rod Jackson Executive Director | Trustee | 40 | $144,465 |
Joe Furguson Vice President | Officer | 1 | $0 |
Judith Purvis Treasurer | Officer | 1 | $0 |
Richard Shuck President | Officer | 1 | $0 |
Brenda Mcbride Secretary | Officer | 1 | $0 |
William T Murphy 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 | $22,041 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $22,041 |
| Total Program Service Revenue | $5,136,019 |
| Investment income | $325 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $8,637 |
| Net Gain/Loss on Asset Sales | $1,247 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $5,168,269 |
| 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. | $144,465 |
| Compensation of current officers, directors, key employees. | $144,465 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $3,196,299 |
| Pension plan accruals and contributions | $23,057 |
| Other employee benefits | $249,717 |
| Payroll taxes | $235,629 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $41,602 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $80,571 |
| Advertising and promotion | $517 |
| Office expenses | $11,916 |
| Information technology | $2,287 |
| Royalties | $0 |
| Occupancy | $48,961 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $157,122 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $290,896 |
| Insurance | $91,664 |
| All other expenses | $0 |
| Total functional expenses | $4,574,703 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $133,065 |
| Savings and temporary cash investments | $20,514 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,420,149 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $593,989 |
| Inventories for sale or use | $868 |
| Prepaid expenses and deferred charges | $9,975 |
| Net Land, buildings, and equipment | $2,646,907 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $268,545 |
| Investments—program-related | $0 |
| Intangible assets | $9,371 |
| Other assets | $248,350 |
| Total assets | $5,351,733 |
| Accounts payable and accrued expenses | $337,568 |
| Grants payable | $0 |
| Deferred revenue | $1,253,360 |
| 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 | $3,244,585 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $11,142 |
| Total liabilities | $4,846,655 |
| Net assets without donor restrictions | $505,078 |
| 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 | $5,351,733 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asbury Towers Retirement Community Inc has recieved totaling $5,445.
| Awarding Organization | Amount |
|---|---|
The Putnam County Community Foundation Inc Greencastle, IN PURPOSE: HEALTH/EDUCATION | $5,445 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Montgomery Place Chicago, IL | $31,885,880 | $16,111,662 |
Bishop Spencer Place Inc Kansas City, MO | $31,543,334 | $13,908,229 |
Evergreen Retirement Community Inc Oshkosh, WI | $46,606,171 | $19,424,837 |
Bethesda Health Group Inc St Louis, MO | $17,800,638 | $4,853,543 |
Central Baptist Home For The Aged Norridge, IL | $67,571,437 | $21,182,649 |
Presbyterian Homes And Services Of Ky Inc Louisville, KY | $21,197,492 | $21,992,512 |
Good Samaritan Home Of Quincy Quincy, IL | $32,676,656 | $19,097,575 |
Covenant Home Illinois Northbrook, IL | $166,475,205 | $19,986,763 |
Meridian Village Association St Louis, MO | $41,915,755 | $18,412,695 |
Swiss Village Inc Berne, IN | $36,821,357 | $17,319,920 |
Franklin United Methodist Home Inc Franklin, IN | $75,232,007 | $21,825,584 |
National Regency Of New Berlin Inc Waukesha, WI | $86,663,062 | $22,744,925 |