Asbury Atlantic Inc

Asbury Atlantic Inc Overview

Asbury Atlantic Inc is located in Frederick, MD. The organization was established in 1996. 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 12/2019, Asbury Atlantic Inc employed 1,899 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations.

For the year ending 12/2019, Asbury Atlantic Inc generated $174.4m in total revenue. This represents relatively stable growth, over the past 5 years the organization has increased revenue by an average of 6.0% each year. All expenses for the organization totaled $159.2m during the year ending 12/2019. While expenses have increased by 3.8% per year over the past 5 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.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2019

Describe the Organization's Mission:

Part 3 - Line 1

DOING ALL THE GOOD WE CAN BY CREATING EXCEPTIONAL LIFESTYLE OPPORTUNITIES TO THOSE WE SERVE.

Describe the Organization's Program Activity:

Part 3 - Line 4a

SKILLED NURSING FACILITIES: OPERATION OF 4 SKILLED NURSING FACILITIES (SNF'S) FOR THE AGED WITH 454 TOTAL BEDS PROVIDING 152,122 DAYS OF SERVICE IN 2019. $560 OF BENEVOLENT CARE AND $22,173,012 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF IN 2019.


RESIDENTIAL LIVING FACILITIES: OPERATION OF 1,675 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 568,695 DAYS OF SERVICE IN 2019. $387,788 OF BENEVOLENT CARE AND $131,604 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS DURING 2019. ALSO SUPPLIED WELLNESS.


ASSISTED LIVING FACILITIES: OPERATION OF 4 ASSISTED LIVING FACILITIES FOR THE AGED WITH 292 TOTAL SUITES PROVIDING 103,877 RESIDENT DAYS IN 2019. $2,104,732 OF BENEVOLENT CARE AND $107,883 CONTRACTUAL ALLOWANCES WERE PROVIDED TO THE ASSISTED LIVING RESIDENTS IN 2019.


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Asbury Atlantic Inc Vendors

Vendor Name (Service)Compensation
Sodexo Inc & Affiliates
Dining, Maint, Hkp, Laundry
$17,386,158
Trademark Design & Build
Construction
$2,116,696
Freestate Electrical Service
Electrical Contractor
$1,906,719
Flagship Rehabilitation Services
Therapy
$4,371,758
Wagman Construction Inc
Construction
$3,003,731
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$6,369,965
Government grants $0
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$6,369,965
Total Program Service Revenue$164,912,958
Investment income $3,633,719
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $263,108
Net Gain/Loss on Asset Sales -$784,541
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $174,395,209

Asbury Atlantic Inc Grants Recieved

Over the last fiscal year, we have identified 2 grants that Asbury Atlantic Inc has recieved totaling $6,433,757.

Awarding OrganizationAmount
Asbury Foundation Inc

Frederick, MD

PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION.

$6,329,606
Erie Community Foundation

Erie, PA

PURPOSE: VARIOUS PROJECTS

$104,151
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$27,416,713
Earnings$809,077
Ending Balance$28,225,790

Asbury Atlantic Inc Peer Organizations

Organization NameAssets
Acts Retirement-Life Communities Inc
Fort Washington, PA
$446,249,117
Asbury Atlantic Inc
Frederick, MD
$174,395,209
Riderwood Village Inc
Silver Spring, MD
$111,726,433
Willow Valley Communities
Lancaster, PA
$113,600,002
Greenspring Village Inc
Springfield, VA
$93,929,946
Oak Crest Village Inc
Parkville, MD
$92,752,531
Ashby Ponds Inc
Ashburn, VA
$88,246,844
Goodwin House Incorporated
Alexandria, VA
$93,583,962
Sentara Life Care Corporation
Norfolk, VA
$76,095,498
Humangood Pennsylvania
Lafayette Hill, PA
$75,751,425
Spiritrust Lutheran
York, PA
$68,085,658
Westminster-Canterbury Corporation
Richmond, VA
$75,738,304

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