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 12/2021, Asbury Atlantic Inc employed 1,817 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asbury Atlantic 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 12/2020, Asbury Atlantic Inc generated $182.3m in total revenue. This represents relatively stable growth, over the past 6 years the organization has increased revenue by an average of 5.7% each year. All expenses for the organization totaled $166.6m during the year ending 12/2020. While expenses have increased by 4.0% per year over the past 6 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 990T Filing

TAX YEAR

2020

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:

SKILLED NURSING FACILITIES: OPERATION OF 4 SKILLED NURSING FACILITIES (SNF'S) FOR THE AGED WITH 454 TOTAL BEDS PROVIDING 136,099 DAYS OF SERVICE IN 2020.$17,440,226 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF IN 2020.


RESIDENTIAL LIVING FACILITIES: OPERATION OF 1,677 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 557,177 DAYS OF SERVICE IN 2020. $293,315 OF BENEVOLENT CARE AND $94,258 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS DURING 2020. ALSO SUPPLIED WELLNESS.


ASSISTED LIVING FACILITIES: OPERATION OF 4 ASSISTED LIVING FACILITIES FOR THE AGED WITH 292 TOTAL SUITES PROVIDING 97,613 RESIDENT DAYS IN 2020. $3,437,519 OF BENEVOLENT CARE AND $123,218 CONTRACTUAL ALLOWANCES WERE PROVIDED TO THE ASSISTED LIVING RESIDENTS IN 2020.


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Outside Vendors & Contractors

Vendor Name (Service)Compensation
Sodexo Inc And Affiliates
Dining, Maint, Hskpng, Laundry
$18,650,081
Trademark Design And Build
Construction Company
$1,886,124
Core Bts Inc
It Managed Service Provider
$1,661,967
Wagman Construction Inc
Construction Company
$3,648,985
Flagship Rehabilitation Services
Ot, Pt, St Therapies
$4,467,511
View All Vendors

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$7,424,227
Government grants $5,577,607
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$13,001,834
Total Program Service Revenue$164,996,830
Investment income $3,207,079
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $213,592
Net Gain/Loss on Asset Sales $851,381
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $182,270,716

Grants Recieved

Over the last fiscal year, we have identified 2 grants that Asbury Atlantic Inc has recieved totaling $7,428,582.

Awarding OrganizationAmount
Asbury Foundation Inc

Frederick, MD

PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION.

$7,316,045
Erie Community Foundation

Erie, PA

PURPOSE: VARIOUS PROJECTS

$112,537
View Grant Recipient Profile

Endowment Analysis

Beg. Balance$28,225,790
Ending Balance$28,225,790

Peer Organizations

Organization NameAssets
Acts Retirement-Life Communities Inc
Fort Washington, PA
$465,695,033
Asbury Atlantic Inc
Frederick, MD
$182,270,716
Riderwood Village Inc
Silver Spring, MD
$121,407,935
Ashby Ponds Inc
Ashburn, VA
$105,782,483
Willow Valley Communities
Lancaster, PA
$126,609,439
Greenspring Village Inc
Springfield, VA
$86,958,670
Oak Crest Village Inc
Parkville, MD
$90,971,954
Goodwin House Incorporated
Alexandria, VA
$109,508,883
Spiritrust Lutheran
York, PA
$71,838,005
Humangood Pennsylvania
Lafayette Hill, PA
$66,729,303
Westminster-Canterbury Corporation
Richmond, VA
$77,739,552
Virginia United Methodist Homes Inc
Glen Allen, VA
$70,234,834

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