Asbury Inc
- Assets
- $80.7m
- Revenue
- $39.9m
- Investments
- $12.8m
- Employees
- 639
- Location
- Frederick, MD
- Founding
- 09/1961
- Data as of
- 12/2021
- EIN
- 62-0630670
Organization Overview
Asbury Inc is located in Frederick, MD. The organization was established in 1961. 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 Inc employed 639 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Asbury 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 Inc generated $39.9m in total revenue. This represents relatively stable growth, over the past 7 years the organization has increased revenue by an average of 3.1% each year. All expenses for the organization totaled $42.5m during the year ending 12/2021. While expenses have increased by 3.7% 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
EXPLORING POSSIBILITIES TO LIVE YOUR BEST LIFE BY DOING ALL THE GOOD WE CAN WITH INTEGRITY, TRANSPARENCY AND GRACE.
Describe the Organization's Program Activity:
Part 3 - Line 4a
SKILLED NURSING FACILITIES: OPERATION OF 2 SKILLED NURSING FACILITIES (SNF) FOR OLDER ADULTS WITH 234 TOTAL BEDS PROVIDING 60,529 DAYS OF SERVICE IN 2021. $2,845,916 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF IN 2021.
RESIDENTIAL LIVING FACILITIES: OPERATION OF 188 RESIDENTIAL LIVING UNITS FOR OLDER ADULTS, PROVIDING 56,929 DAYS OF SERVICE IN 2021. $228,194 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS DURING 2021.
ASSISTED LIVING FACILITIES: OPERATION OF 2 ASSISTED LIVING FACILITIES FOR OLDER ADULTS WITH 166 TOTAL SUITES PROVIDING 49,127 RESIDENT DAYS IN 2021. $50,102 OF BENEVOLENT CARE AND $621,303 CONTRACTUAL ALLOWANCES WERE PROVIDED TO THE ASSISTED LIVING RESIDENTS IN 2021.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Melissa Fury Asst. Secretary | OfficerTrustee | 40 | $247,813 |
Sharon Miller Director, Hr | 40 | $103,046 | |
Nellie Cole Chair/president | OfficerTrustee | 2 | $0 |
David Atkinson Vice Chair | OfficerTrustee | 2 | $0 |
Andrew Joseph Secretary | Officer | 1 | $0 |
Andrew Jeanneret Treasurer | Officer | 1 | $0 |
Outside Vendors & Contractors
| Vendor Name (Service) | Service Year | Compensation |
|---|---|---|
Pharmacy Network Services Pharmacy Drugs & Services | 12/30/21 | $413,761 |
Mckesson Medical Ppe And Nursing Supplies | 12/30/21 | $465,217 |
Sodexo Inc And Affiliates Dining, Maint, Hkp, Laundry | 12/30/21 | $5,495,087 |
Acutis Diagnostics Inc Laboratory Services | 12/30/21 | $1,238,050 |
Focusone Solutions Llc Medical Solutio Professional Staffing | 12/30/21 | $2,490,530 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $0 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $75,080 |
| Government grants | $6,440,403 |
| 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 | $6,515,483 |
| Total Program Service Revenue | $31,850,097 |
| Investment income | $338,387 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $9,207 |
| Net Gain/Loss on Asset Sales | $1,214,702 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $39,927,876 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $0 |
| Grants and other assistance to domestic individuals. | $50,101 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $257,020 |
| Compensation of current officers, directors, key employees. | $257,020 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $15,192,434 |
| Pension plan accruals and contributions | $389,967 |
| Other employee benefits | $2,066,396 |
| Payroll taxes | $1,121,364 |
| Fees for services: Management | $12,713 |
| Fees for services: Legal | $107,879 |
| Fees for services: Accounting | $31,136 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $0 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $6,025,541 |
| Advertising and promotion | $194,683 |
| Office expenses | $1,337,932 |
| Information technology | $838,641 |
| Royalties | $0 |
| Occupancy | $1,071,615 |
| Travel | $83,048 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $0 |
| Interest | $1,470,877 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $4,130,734 |
| Insurance | $744,441 |
| All other expenses | $1,011,455 |
| Total functional expenses | $42,539,440 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $1,869,159 |
| Savings and temporary cash investments | $2,753,530 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $1,734,116 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $87,819 |
| Prepaid expenses and deferred charges | $267,070 |
| Net Land, buildings, and equipment | $55,082,151 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $12,752,864 |
| Investments—program-related | $0 |
| Intangible assets | $5,480,000 |
| Other assets | $677,756 |
| Total assets | $80,704,465 |
| Accounts payable and accrued expenses | $1,918,366 |
| Grants payable | $0 |
| Deferred revenue | $32,494,939 |
| Tax-exempt bond liabilities | $39,678,734 |
| 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 | $2,260,452 |
| Total liabilities | $76,352,491 |
| Net assets without donor restrictions | $4,071,800 |
| Net assets with donor restrictions | $280,174 |
| 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 | $80,704,465 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Asbury Inc has recieved totaling $75,080.
| Awarding Organization | Amount |
|---|---|
Asbury Foundation Inc Frederick, MD PURPOSE: TO SUPPORT THE EXEMPT PURPOSE OF THE ORGANIZATION. | $75,080 |
Endowment Analysis
| Beg. Balance | $53,391 |
| Ending Balance | $53,391 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Ashby Ponds Inc Ashburn, VA | $1,081,002,554 | $105,782,483 |
Willow Valley Communities Lancaster, PA | $552,338,395 | $126,609,439 |
Greenspring Village Inc Springfield, VA | $635,246,519 | $86,958,670 |
Oak Crest Village Inc Parkville, MD | $495,556,334 | $90,971,954 |
Goodwin House Incorporated Alexandria, VA | $441,770,291 | $109,508,883 |
Spiritrust Lutheran York, PA | $151,346,375 | $71,838,005 |
Humangood Pennsylvania Lafayette Hill, PA | $322,351,436 | $66,729,303 |
Westminster-Canterbury Corporation Richmond, VA | $326,286,753 | $77,739,552 |
Virginia United Methodist Homes Inc Glen Allen, VA | $253,887,875 | $70,234,834 |
Albright Care Services Frederick, MD | $96,340,327 | $64,491,895 |
Westminster-Canterbury On Chesapeake Bay Virginia Beach, VA | $226,856,514 | $70,077,492 |
Menno-Haven Inc Chambersburg, PA | $224,712,119 | $60,604,024 |