Asbury Park Inc
- Assets
- $1.5m
- Revenue
- $2.2m
- Investments
- $0.0
- Employees
- 204
- Location
- Newton, KS
- Founding
- 09/1965
- Data as of
- 12/2021
- EIN
- 48-0643930
Organization Overview
Asbury Park Inc is located in Newton, KS. The organization was established in 1965. According to its NTEE Classification (P70) the organization is classified as: Residential Care & Adult Day Programs, under the broad grouping of Human Services and related organizations. As of 12/2021, Asbury Park Inc employed 204 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asbury Park 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 Park Inc generated $2.2m in total revenue. This represents a relatively dramatic decline in revenue. Over the past 7 years, the organization has seen revenues fall by an average of (19.8%) each year. All expenses for the organization totaled $1.2m during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (27.5%) per year over the past 7 years. 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
NURSING HOME & ASSISTED LIVING FACILITY
Describe the Organization's Program Activity:
Part 3 - Line 4a
RETIREMENT COMMUNITY PROVIDING 101 LICENSED SKILLED NURSING CARE BEDS, 36-BED ASSISTED LIVING UNIT, 69 INDEPENDENT LIVING UNITS, AND ANCILLARY HEALTHCARE SERVICES (PRIOR TO SELLING OPERATIONS IN JANUARY 2021)
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Donald Voth Chief Executive Officer | Officer | 40 | $143,682 |
William Young Board Chair | OfficerTrustee | 5 | $0 |
Dee Donatelli-Reber Board Secretary | OfficerTrustee | 2 | $0 |
Sally Chesser Board Member | Trustee | 1 | $0 |
Scott Metzler Board Member | Trustee | 1 | $0 |
Gary Denny Board Member | Trustee | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Aegis Therapies Physical Therapy | 12/30/18 | $295,337 |
Roofing Services Unlimited Construction | 12/30/18 | $180,805 |
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 | $43,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $43,142 |
| Total Program Service Revenue | $694,678 |
| Investment income | $19,944 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $1,698 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $1,382,460 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $2,160,199 |
| 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. | $144,167 |
| Compensation of current officers, directors, key employees. | $144,167 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $481,618 |
| Pension plan accruals and contributions | $2,964 |
| Other employee benefits | $4,683 |
| Payroll taxes | $50,347 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $12,133 |
| Fees for services: Accounting | $14,269 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $8,755 |
| Fees for services: Other | $19,506 |
| Advertising and promotion | $1,041 |
| Office expenses | $6,455 |
| Information technology | $0 |
| Royalties | $0 |
| Occupancy | $54,067 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $2,891 |
| Interest | $59,053 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $63,434 |
| Insurance | $81,814 |
| All other expenses | $30,861 |
| Total functional expenses | $1,159,563 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $832,664 |
| Savings and temporary cash investments | $0 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $10,889 |
| 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 | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $705,333 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $1,548,886 |
| Accounts payable and accrued expenses | $1,444,194 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| 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 | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $415,000 |
| Total liabilities | $1,859,194 |
| Net assets without donor restrictions | -$1,036,773 |
| Net assets with donor restrictions | $726,465 |
| 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 | $1,548,886 |
Grants Recieved
Over the last fiscal year, we have identified 3 grants that Asbury Park Inc has recieved totaling $20,347.
| Awarding Organization | Amount |
|---|---|
Kansas Area United Methodist Foundation Inc Hutchinson, KS PURPOSE: RESIDENTIAL CARE | $10,872 |
Wichita Community Foundation Wichita, KS PURPOSE: FOR THE GOOD SAMARITAN FUND | $9,448 |
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $27 |
Endowment Analysis
| Beg. Balance | $649,612 |
| Earnings | $124,342 |
| Other Expense | $62,171 |
| Ending Balance | $711,783 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Laradon Hall Society For Exceptional Children And Adults Denver, CO | $24,311,430 | $21,206,538 |
Mbch Children And Family Ministries Bridgeton, MO | $7,025,315 | $12,548,210 |
Shiloh Home Inc Littleton, CO | $5,810,400 | $10,896,254 |
Mountain Valley Developmental Services Inc Glenwood Springs, CO | $8,504,779 | $11,865,014 |
Services By Design Inc St Louis, MO | $3,659,440 | $10,246,467 |
Wichita Childrens Home Wichita, KS | $21,789,498 | $10,282,941 |
Omaha Home For Boys Omaha, NE | $92,620,011 | $10,830,640 |
Oakwood Retirement Village Inc Enid, OK | $6,058,575 | $10,557,285 |
Cottonwood Community Alternatives Inc Englewood, CO | $8,130,489 | $11,889,736 |
Youthbridge Community Foundation Saint Louis, MO | $81,297,862 | $8,971,889 |
Colorado Bluesky Enterprises Inc Pueblo, CO | $9,369,140 | $8,896,578 |
Chariton Valley Association For Handicapped Citizens Inc Kirksville, MO | $5,034,457 | $8,269,897 |