Asbury Atlantic Inc

Organization 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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Outside Vendors & Contractors

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

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

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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