Form990
Click to see attachment
Department of the Treasury
Internal Revenue Service
Return of Organization Exempt From Income Tax
Under section 501(c), 527, or 4947(a)(1) of the Internal Revenue Code (except black lung benefit trust or private foundation)

MediumBullet The organization may have to use a copy of this return to satisfy state reporting requirements.
OMB No. 1545-0047
2010
Open to Public Inspection
A For the calendar year, or tax year beginning 01-01-2010 and ending 12-31-2010
BCheck if applicable:
CName of organization
ASBURY ATLANTIC INC
 
Doing Business As
 
 
Number and street (or P.O. box if mail is not delivered to street address)
20030 CENTURY BOULEVARD NO 300
 
Room/suite
City or town, state or country, and ZIP + 4
GERMANTOWN, MD20874
D Employer identification number

52-0607956
E Telephone number

G Gross receipts $ 154,547,185
F Name and address of principal officer:
DOUGLAS LEIDIG
20030 CENTURY BOULEVARD NO 300
GERMANTOWN,MD20874
I
Tax-exempt status: (   ) LeftBullet (insert no.) or
J
Website:MediumBullet
WWW.ASBURYMETHODISTVILLAGE.ORG
H(a)
Is this a group return for
affiliates?
H(b)
Are all affiliates included?
If "No," attach a list. (see instructions)
H(c)
Group exemption number MediumBullet  
K Form of organization:
 
L Year of formation: 1945
M State of legal domicile: MD
Part I
Summary
Activities & Governance 1 Briefly describe the organization’s mission or most significant activities: CREATING SERVICES FOR SENIORS THAT ENHANCE THE VALUE OF THE ENTIRE SPAN OF LIFE.
2 Check this box MediumBullet
3 Number of voting members of the governing body (Part VI, line 1a) .... 3 15
4 Number of independent voting members of the governing body (Part VI, line 1b) .... 4 11
5 Total number of individuals employed in calendar year 2010 (Part V, line 2a) ... 5 1,827
6 Total number of volunteers (estimate if necessary) .... 6 2,367
7a Total unrelated business revenue from Part VIII, column (C), line 12 .. 7a -52,300
b Net unrelated business taxable income from Form 990-T, line 34 .. 7b -52,300
Revenues; Prior Year Current Year
8 Contributions and grants (Part VIII, line 1h) ......... 0 0
9 Program service revenue (Part VIII, line 2g) ......... 117,618,903 122,174,861
10 Investment income (Part VIII, column (A), lines 3, 4, and 7d ) .... -1,472,314 4,119,351
11 Other revenue (Part VIII, column (A), lines 5, 6d, 8c, 9c, 10c, and 11e) 297,409 335,202
12 Total revenue—add lines 8 through 11 (must equal Part VIII, column (A), line 12)................... 116,443,998 126,629,414
Expenses; 13 Grants and similar amounts paid (Part IX, column (A), lines 1–3 )... 0 0
14 Benefits paid to or for members (Part IX, column (A), line 4) .... 0 0
15 Salaries, other compensation, employee benefits (Part IX, column (A), lines 5–10) 49,389,015 52,123,549
16a Professional fundraising fees (Part IX, column (A), line 11e).... 0 0
b Total fundraising expenses (Part IX, column (D), line 25) MediumBullet0    
17 Other expenses (Part IX, column (A), lines 11a–11d, 11f–24f).... 67,323,814 70,153,019
18 Total expenses. Add lines 13–17 (must equal Part IX, column (A), line 25) 116,712,829 122,276,568
19 Revenue less expenses. Subtract line 18 from line 12...... -268,831 4,352,846
Net Assets or Fund Balances; Beginning of Current Year End of Year
20 Total assets (Part X, line 16)............ 371,818,778 382,167,264
21 Total liabilities (Part X, line 26)............ 422,337,702 436,128,068
22 Net assets or fund balances. Subtract line 21 from line 20 ..... -50,518,924 -53,960,804
Part II
Signature Block
Under penalties of perjury, I declare that I have examined this return, including accompanying schedules and statements, and to the best of my knowledge and belief, it is true, correct, and complete. Declaration of preparer (other than officer) is based on all information of which preparer has any knowledge.
Sign Here
JumboBullet
Signature of officer Date
JumboBullet
Type or print name and title.
Paid Preparer's Use Only Preparer's
signatureBig Right Arrow 		Date
right pointing bullet image Preparer’s taxpayer identification number
(see instructions)
Firm’s name (or yours
if self-employed),
address, and ZIP + 4Big Right Arrow




 		EIN right pointing bullet image
Phone no. right pointing bullet image
May the IRS discuss this return with the preparer shown above? (see instructions) .........
For Privacy Act and Paperwork Reduction Act Notice, see the separate instructions.
Cat. No. 11282Y
Form 990 (2010)
Form 990 (2010)
Page 2
Part III
Statement of Program Service Accomplishments
Check if Schedule O contains a response to any question in this Part III . . . . . . . . . .
1
Briefly describe the organization’s mission: CREATING SERVICES FOR SENIORS THAT ENHANCE THE VALUE OF THE ENTIRE SPAN OF LIFE.
2
Did the organization undertake any significant program services during the year which were not listed on
the prior Form 990 or 990-EZ? ....................
If “Yes,” describe these new services on Schedule O.
3
Did the organization cease conducting, or make significant changes in how it conducts, any program services? ..........................
If “Yes,” describe these changes on Schedule O.
4
Describe the exempt purpose achievements for each of the organization’s three largest program services by expenses.
Section 501(c)(3) and 501(c)(4) organizations and section 4947(a)(1) trusts are required to report the amount of grants and allocations to others, the total expenses, and revenue, if any, for each program service reported.
4a (Code:   ) (Expenses $ 46,142,566 including grants of $   ) (Revenue $ 53,789,592 )
SKILLED NURSING FACILITIES: OPERATION OF 4 SKILLED NURSING FACILITIES (SNF'S) FOR THE AGED WITH 536 TOTAL BEDS PROVIDING 175,616 DAYS OF SERVICE IN 2010. $3,557 OF BENEVOLENT CARE AND $10,346,587 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO RESIDENTS OF THE SNF'S IN 2010.
4b (Code:   ) (Expenses $ 17,941,614 including grants of $   ) (Revenue $ 20,759,129 )
ASSISTED LIVING FACILITIES: OPERATION OF 4 ASSISTED LIVING FACILITIES FOR THE AGED WITH 306 TOTAL BEDS PROVIDING 105,239 RESIDENT DAYS IN 2010. $874,744 OF BENEVOLENT CARE AND $47,890 OF CONTRACTUAL ALLOWANCES WERE PROVIDED TO THE ASSISTED LIVING RESIDENTS IN 2010.
4c (Code:   ) (Expenses $ 41,162,121 including grants of $   ) (Revenue $ 47,626,140 )
RESIDENTIAL LIVING: OPERATION OF 1,353 RESIDENTIAL LIVING UNITS FOR THE AGED, PROVIDING 450,904 DAYS OF SERVICE IN 2010. $167,049 OF CONTRACTUAL ALLOWANCES AND $23,340 OF BENEVOLENT CARE WERE PROVIDED TO RESIDENTIAL LIVING RESIDENTS IN 2010. ALSO SUPPLIED HOMECARE/WELLNESS.SEE SCHEDULE O FOR COMMUNITY BENEFITS INFORMATION.
4d Other program services. (Describe in Schedule O.)
(Expenses $   including grants of $   ) (Revenue $   )
4e Total program service expensesMediumBullet$ 105,246,301
Form 990 (2010)
Form 990 (2010)
Page 3
Part IV
Checklist of Required Schedules
Yes
No
1
Is the organization described in section 501(c)(3) or 4947(a)(1) (other than a private foundation)? If “Yes,” complete Schedule AClick to see attachment.....................
1
Yes
 
2
Is the organization required to complete Schedule B, Schedule of Contributors? ........
2
 
No
3
Did the organization engage in direct or indirect political campaign activities on behalf of or in opposition to candidates for public office? If “Yes,” complete Schedule C, Part I..........
3
 
No
4
Section 501(c)(3) organizations. Did the organization engage in lobbying activities? If “Yes,” complete Schedule C,
Part II.........................
4
 
No
5
Is the organization a section 501(c)(4), 501(c)(5), or 501(c)(6) organization that receives membership dues, assessments, or similar amounts as defined in Revenue Procedure 98-19? If “Yes,” complete Schedule C, Part III........................
5
 
 
6
Did the organization maintain any donor advised funds or any similar funds or accounts where donors have the right to provide advice on the distribution or investment of amounts in such funds or accounts? If “Yes,” complete
Schedule D, Part IClick to see attachment.......................
6
 
No
7
Did the organization receive or hold a conservation easement, including easements to preserve open space,
the environment, historic land areas or historic structures? If “Yes,” complete Schedule D, Part IIClick to see attachment...
7
 
No
8
Did the organization maintain collections of works of art, historical treasures, or other similar assets? If “Yes,” complete Schedule D, Part III Click to see attachment....................
8
 
No
9
Did the organization report an amount in Part X, line 21; serve as a custodian for amounts not listed in Part X; or provide credit counseling, debt management, credit repair, or debt negotiation services? If “Yes,”
complete Schedule D, Part IVClick to see attachment...................
9
 
No
10
Did the organization, directly or through a related organization, hold assets in term, permanent,or quasi-endowments? If “Yes,” complete Schedule D, Part VClick to see attachment
10
Yes
 
11
If the organization’s answer to any of the following questions is ‘Yes,’ then complete Schedule D, Parts VI, VII, VIII, IX, or X as applicable:
a
Did the organization report an amount for land, buildings, and equipment in Part X, line10? If “Yes,” complete Schedule D, Part VI.Click to see attachment
11a
Yes
 
b
Did the organization report an amount for investments—other securities in Part X, line 12 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VII.Click to see attachment
11b
Yes
 
c
Did the organization report an amount for investments—program related in Part X, line 13 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part VIII.Click to see attachment
11c
 
No
d
Did the organization report an amount for other assets in Part X, line 15 that is 5% or more of its total assets reported in Part X, line 16? If “Yes,” complete Schedule D, Part IX.Click to see attachment
11d
Yes
 
e
Did the organization report an amount for other liabilities in Part X, line 25? If “Yes,” complete Schedule D, Part X.Click to see attachment
11e
Yes
 
f
Did the organization’s separate or consolidated financial statements for the tax year include a footnote that addresses the organization’s liability for uncertain tax positions under FIN 48 (ASC 740)? If “Yes,” complete Schedule D, Part X.Click to see attachment
11f
Yes
 
12a
Did the organization obtain separate, independent audited financial statements for the tax year? If “Yes,” complete Schedule D, Parts XI, XII, and XIII Click to see attachment
12a
Yes
 
b
Was the organization included in consolidated, independent audited financial statements for the tax year? If “Yes,” and if the organization answered ‘No’ to line 12a, then completing Schedule D, Parts XI, XII, and XIII is optional Click to see attachment
12b
Yes
 
13
Is the organization a school described in section 170(b)(1)(A)(ii)? If “Yes,” complete Schedule E
13
 
No
14a
Did the organization maintain an office, employees, or agents outside of the United States?....
14a
 
No
b
Did the organization have aggregate revenues or expenses of more than $10,000 from grantmaking, fundraising, business, and program service activities outside the United States? If “Yes,” complete Schedule F, Part I.........
14b
 
No
15
Did the organization report on Part IX, column (A), line 3, more than $5,000 of grants or assistance to any organization or entity located outside the U.S.? If “Yes,” complete Schedule F, Part II..
15
 
No
16
Did the organization report on Part IX, column (A), line 3, more than $5,000 of aggregate grants or assistance to individuals located outside the U.S.? If “Yes,” complete Schedule F, Part III..
16
 
No
17
Did the organization report a total of more than $15,000, of expenses for professional fundraising services on Part IX, column (A), lines 6 and 11e? If “Yes,” complete Schedule G, Part I
17
 
No
18
Did the organization report more than $15,000 total of fundraising event gross income and contributions on Part VIII, lines 1c and 8a? If “Yes,” complete Schedule G, Part II..........
18
 
No
19
Did the organization report more than $15,000 of gross income from gaming activities on Part VIII, line 9a? If “Yes,” complete Schedule G, Part III...................
19
 
No
Form 990 (2010)
Form 990 (2010)
Page 4
Part IV
Checklist of Required Schedules (continued)
20a
Did the organization operate one or more hospitals? If “Yes,” complete Schedule H.....
20a
 
No
b
Did the organization attach its audited financial statement to this return? Note: All Form 990 filers that operate one or more hospitals must attach audited financial statements. .....
20b
 
 
21
Did the organization report more than $5,000 of grants and other assistance to governments and organizations in the United States on Part IX, column (A), line 1? If “Yes,” complete Schedule I, Parts I and II..
21
 
No
22
Did the organization report more than $5,000 of grants and other assistance to individuals in the United States on Part IX, column (A), line 2? If “Yes,” complete Schedule I, Parts I and III.....
22
 
No
23
Did the organization answer “Yes” to Part VII, Section A, questions 3, 4, or 5, about compensation of the organization’s current and former officers, directors, trustees, key employees, and highest compensated employees? If “Yes,” complete Schedule J................ Click to see attachment
23
Yes
 
24a
Did the organization have a tax-exempt bond issue with an outstanding principal amount of more than $100,000 as of the last day of the year, that was issued after December 31, 2002? If “Yes,” answer questions 24b–24d and complete Schedule K. If “No,” go to line 25................ Click to see list of attachments
24a
Yes
 
b
Did the organization invest any proceeds of tax-exempt bonds beyond a temporary period exception?...
24b
 
No
c
Did the organization maintain an escrow account other than a refunding escrow at any time during the year
to defease any tax-exempt bonds?......................
24c
 
No
d
Did the organization act as an “on behalf of” issuer for bonds outstanding at any time during the year?...
24d
 
No
25a
Section 501(c)(3) and 501(c)(4) organizations. Did the organization engage in an excess benefit transaction with a disqualified person during the year? If “Yes,” complete Schedule L, Part I......
25a
 
No
b
Is the organization aware that it engaged in an excess benefit transaction with a disqualified person in a prior year, and that the transaction has not been reported on any of the organization’s prior Forms 990 or 990-EZ? If “Yes,” complete Schedule L, Part I................
25b
 
No
26
Was a loan to or by a current or former officer, director, trustee, key employee, highly compensated employee, or disqualified person outstanding as of the end of the organization’s tax year? If “Yes,” complete Schedule L,
Part II...........................
26
 
No
27
Did the organization provide a grant or other assistance to an officer, director, trustee, key employee, substantial contributor, or a grant selection committee member, or to a person related to such an individual? If “Yes,” complete Schedule L, Part III...............
27
 
No
28
Was the organization a party to a business transaction with one of the following parties? (see Schedule L, Part IV instructions for applicable filing thresholds, conditions, and exceptions):
a
A current or former officer, director, trustee, or key employee? If “Yes,” complete Schedule L, Part IV .........................
28a
 
No
b
A family member of a current or former officer, director, trustee, or key employee? If “Yes,”
complete Schedule L, Part IV...................
28b
 
No
c
An entity of which a current or former officer, director, trustee, or key employee (or a family member thereof) was an officer, director, trustee, or owner? If “Yes,” complete Schedule L, Part IV..
28c
 
No
29
Did the organization receive more than $25,000 in non-cash contributions? If “Yes,” complete Schedule M
29
 
No
30
Did the organization receive contributions of art, historical treasures, or other similar assets, or qualified conservation contributions? If “Yes,” complete Schedule M............
30
 
No
31
Did the organization liquidate, terminate, or dissolve and cease operations? If “Yes,” complete Schedule N,
Part I...........................
31
 
No
32
Did the organization sell, exchange, dispose of, or transfer more than 25% of its net assets? If “Yes,” complete Schedule N, Part II.......................
32
 
No
33
Did the organization own 100% of an entity disregarded as separate from the organization under Regulations sections 301.7701-2 and 301.7701-3? If “Yes,” complete Schedule R, Part I........ Click to see attachment
33
 
No
34
Was the organization related to any tax-exempt or taxable entity? If “Yes,” complete Schedule R, Parts II, III, IV, and V, line 1..................... Click to see attachment
34
Yes
 
35
Is any related organization a controlled entity within the meaning of section 512(b)(13)? .....
35
 
No
a
Did the organization receive any payment from or engage in any transaction with a controlled entity within the meaning of section 512(b)(13)? If “Yes,” complete Schedule R, Part V, line 2... Click to see attachment
36
Section 501(c)(3) organizations. Did the organization make any transfers to an exempt non-charitable related organization? If “Yes,” complete Schedule R, Part V, line 2........... Click to see attachment
36
 
No
37
Did the organization conduct more than 5% of its activities through an entity that is not a related organization and that is treated as a partnership for federal income tax purposes? If “Yes,” complete Schedule R, Part VIClick to see attachment
37
 
No
38
Did the organization complete Schedule O and provide explanations in Schedule O for Part VI, lines 11 and 19? Note. All Form 990 filers are required to complete Schedule O. ............
38
Yes
 
Form 990 (2010)
Form 990 (2010)
Page 5
Part V
Statements Regarding Other IRS Filings and Tax Compliance
Check if Schedule O contains a response to any question in this Part V . . . . . . . . . .
Yes
No
1a
Enter the number reported in Box 3 of Form 1096. Enter -0- if not applicable. .......
1a
183
b
Enter the number of Forms W-2G included in line 1a. Enter -0- if not applicable.
1b
0
c
Did the organization comply with backup withholding rules for reportable payments to vendors and reportable gaming (gambling) winnings to prize winners? ..................
1c
Yes
 
2a
Enter the number of employees reported on Form W-3, Transmittal of Wage and Tax Statements filed for the calendar year ending with or within the year covered by this return .....................
2a
1,827
b
If at least one is reported on line 2a, did the organization file all required federal employment tax returns?

Note. If the sum of lines 1a and 2a is greater than 250, you may be required to e-file. (see instructions)
2b
Yes
 
3a
Did the organization have unrelated business gross income of $1,000 or more during the year?.............................
3a
Yes
 
b
If “Yes,” has it filed a Form 990-T for this year? If “No,” provide an explanation in Schedule O.....
3b
Yes
 
4a
At any time during the calendar year, did the organization have an interest in, or a signature or other authority over, a financial account in a foreign country (such as a bank account or securities account)?.......................
4a
 
No
b
If "Yes," enter the name of the foreign country: MediumBullet
See instructions for filing requirements for Form TD F 90-22.1, Report of Foreign Bank and Financial Accounts.
5a
Was the organization a party to a prohibited tax shelter transaction at any time during the tax year?..
5a
 
No
b
Did any taxable party notify the organization that it was or is a party to a prohibited tax shelter transaction?
5b
 
No
c
If “Yes” to line 5a or 5b, did the organization file Form 8886-T? ........
5c
 
 
6a
Does the organization have annual gross receipts that are normally greater than $100,000, and did the organization solicit any contributions that were not tax deductible?..........
6a
 
No
b
If “Yes,” did the organization include with every solicitation an express statement that such contributions or gifts were not tax deductible?........................
6b
 
 
7
Organizations that may receive deductible contributions under section 170(c).
a
Did the organization receive a payment in excess of $75 made partly as a contribution and partly for goods and services provided to the payor?....................
7a
 
No
b
If “Yes,” did the organization notify the donor of the value of the goods or services provided?.....
7b
 
 
c
Did the organization sell, exchange, or otherwise dispose of tangible personal property for which it was required to file Form 8282?...........................
7c
 
No
d
If “Yes,” indicate the number of Forms 8282 filed during the year ....
7d
 
e
Did the organization receive any funds, directly or indirectly, to pay premiums on a personal benefit contract?..........................
7e
 
No
f
Did the organization, during the year, pay premiums, directly or indirectly, on a personal benefit contract?..
7f
 
No
g
If the organization received a contribution of qualified intellectual property, did the organization file Form 8899 as required?...................
7g
 
 
h
If the organization received a contribution of cars, boats, airplanes, or other vehicles, did the organization file a Form 1098-C?...............
7h
Yes
 
8
Sponsoring organizations maintaining donor advised funds and section 509(a)(3) supporting organizations. Did the supporting organization, or a donor advised fund maintained by a sponsoring organization, have excess business holdings at any time during the year?................
8
 
 
9
Sponsoring organizations maintaining donor advised funds.
a
Did the organization make any taxable distributions under section 4966?.........
9a
 
 
b
Did the organization make a distribution to a donor, donor advisor, or related person?......
9b
 
 
10
Section 501(c)(7) organizations. Enter:
a
Initiation fees and capital contributions included on Part VIII, line 12 ...
10a
 
b
Gross receipts, included on Form 990, Part VIII, line 12, for public use of club facilities
10b
 
11
Section 501(c)(12) organizations. Enter:
a
Gross income from members or shareholders .........
11a
 
b
Gross income from other sources (Do not net amounts due or paid to other sources against amounts due or received from them.) ........
11b
 
12a
Section 4947(a)(1) non-exempt charitable trusts. Is the organization filing Form 990 in lieu of Form 1041?
12a
 
 
b
If “Yes,” enter the amount of tax-exempt interest received or accrued during the year.
12b
 
13
Section 501(c)(29) qualified nonprofit health insurance issuers.
a
Is the organization licensed to issue qualified health plans in more than one state?
Note. All 501(c)(29) organizations must list in Schedule O each state in which they are licensed to issue qualified health plans, the amount of reserves required by each state, and the amount of reserves the organization allocated to each state.
13a
 
 
b
Enter the aggregate amount of reserves the organization is required to maintain by the states in which the organization is licensed to issue qualified health plans.
13b
 
c
Enter the aggregate amount of reserves on hand.
13c
 
14a
Did the organization receive any payments for indoor tanning services during the tax year?.....
14a
 
 
b
If "Yes," has it filed a Form 720 to report these payments? If “No,” provide an explanation in Schedule O..
14b
 
 
Form 990 (2010)
Form 990 (2010)
Page 6
Part VI
Governance, Management, and Disclosure For each “Yes” response to lines 2 through 7b below, and for a “No” response to lines 8a, 8b, or 10b below, describe the circumstances, processes, or changes in Schedule O. See instructions.
Check if Schedule O contains a response to any question in this Part VI . . . . . . . . . .
Section A. Governing Body and Management
Yes
No
1a
Enter the number of voting members of the governing body at the end of the tax year ..............
1a
15
b
Enter the number of voting members included in line 1a, above, who are independent .................
1b
11
2
Did any officer, director, trustee, or key employee have a family relationship or a business relationship with any other officer, director, trustee, or key employee? .................
2
 
No
3
Did the organization delegate control over management duties customarily performed by or under the direct supervision of officers, directors or trustees, or key employees to a management company or other person? ..
3
 
No
4
Did the organization make any significant changes to its governing documents since the prior Form 990 was filed?
4
 
No
5
Did the organization become aware during the year of a significant diversion of the organization’s assets? .
5
 
No
6
Does the organization have members or stockholders? ................
6
Yes
 
7a
Does the organization have members, stockholders, or other persons who may elect one or more members of the governing body? .........................
7a
Yes
 
b
Are any decisions of the governing body subject to approval by members, stockholders, or other persons? ..
7b
Yes
 
8
Did the organization contemporaneously document the meetings held or written actions undertaken during the year by the following:
a
The governing body? .........................
8a
Yes
 
b
Each committee with authority to act on behalf of the governing body? ............
8b
Yes
 
9
Is there any officer, director, trustee, or key employee listed in Part VII, Section A, who cannot be reached at the organization’s mailing address? If “Yes,” provide the names and addresses in Schedule O .....
9
 
No
Section B. Policies (This Section B requests information about policies not required by the Internal
Revenue Code.)
Yes
No
10a
Does the organization have local chapters, branches, or affiliates? ............
10a
 
No
b
If “Yes,” does the organization have written policies and procedures governing the activities of such chapters, affiliates, and branches to ensure their operations are consistent with those of the organization? ....
10b
 
 
11a
Has the organization provided a copy of this Form 990 to all members of its governing body before filing the form?
11a
Yes
 
b
Describe in Schedule O the process, if any, used by the organization to review the Form 990. .....
12a
Does the organization have a written conflict of interest policy? If “No,” go to line 13.......
12a
Yes
 
b
Are officers, directors or trustees, and key employees required to disclose annually interests that could give rise to conflicts? ...........................
12b
Yes
 
c
Does the organization regularly and consistently monitor and enforce compliance with the policy? If “Yes,” describe in Schedule O how this is done ....................
12c
Yes
 
13
Does the organization have a written whistleblower policy? ...............
13
Yes
 
14
Does the organization have a written document retention and destruction policy? .........
14
Yes
 
15
Did the process for determining compensation of the following persons include a review and approval by independent persons, comparability data, and contemporaneous substantiation of the deliberation and decision?
a
The organization’s CEO, Executive Director, or top management official ...........
15a
Yes
 
b
Other officers or key employees of the organization ................
15b
Yes
 
If "Yes" to line a or b, describe the process in Schedule O. (See instructions.)
16a
Did the organization invest in, contribute assets to, or participate in a joint venture or similar arrangement with a taxable entity during the year? ......................
16a
 
No
b
If “Yes,” has the organization adopted a written policy or procedure requiring the organization to evaluate its participation in joint venture arrangements under applicable federal tax law, and taken steps to safeguard the organization’s exempt status with respect to such arrangements? ............
16b
 
 
Section C. Disclosure
17
List the States with which a copy of this Form 990 is required to be filedMediumBullet
18
Section 6104 requires an organization to make its Form 1023 (or 1024 if applicable), 990, and 990-T (501(c)(3)s only) available for public inspection. Indicate how you make these available. Check all that apply.
19
Describe in Schedule O whether (and if so, how), the organization makes its governing documents, conflict of interest policy, and financial statements available to the public.
20
State the name, physical address, and telephone number of the person who possesses the books and records of the organization: MediumBullet
MICHAEL CONNELL CFO
20030 CENTURY BLVD SUITE 300
GERMANTOWN,MD20874
(301) 250-2028
Form 990 (2010)
Form 990 (2010)
Page 7
Part VII
Compensation of Officers, Directors,Trustees, Key Employees, Highest Compensated Employees, and Independent Contractors
Check if Schedule O contains a response to any question in this Part VII . . . . . . . . . .
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees
1a Complete this table for all persons required to be listed. Report compensation for the calendar year ending with or within the organization’s tax year.
RoundBullet List all of the organization’s current officers, directors, trustees (whether individuals or organizations), regardless of amount
of compensation, and current key employees. Enter -0- in columns (D), (E), and (F) if no compensation was paid.

RoundBullet List all of the organization’s current key employees, if any. See instructions for definition of "key employee."
RoundBullet List the organization’s five current highest compensated employees (other than an officer, director, trustee or key employee)
who received reportable compensation (Box 5 of Form W-2 and/or Box 7 of Form 1099-MISC) of more than $100,000 from the
organization and any related organizations.

RoundBullet List all of the organization’s former officers, key employees, or highest compensated employees who received more than $100,000
of reportable compensation from the organization and any related organizations.

RoundBullet List all of the organization’s former directors or trustees that received, in the capacity as a former director or trustee of the
organization, more than $10,000 of reportable compensation from the organization and any related organizations.

List persons in the following order: individual trustees or directors; institutional trustees; officers; key employees; highest
compensated employees; and former such persons.
Check this box if neither the organization nor any related organizations compensated any current or former officer, director, or trustee.
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(1) JAMES SMELTZER
CHAIR
 1.00 X   X       0 0 0
(2) ARTHUR ELGIN
VICE CHAIR
 1.00 X   X       0 0 0
(3) MARTHA CANFIELD
DIRECTOR
 1.00 X           0 0 0
(4) SARAH CATO
DIRECTOR
 1.00 X           0 0 0
(5) DAVID LINGRELL
DIRECTOR
 1.00 X           0 0 0
(6) JAMES REIM
DIRECTOR
 1.00 X           0 0 0
(7) PHYLLIS SCHMITZ
DIRECTOR
 1.00 X           0 0 0
(8) GUFFRIE SMITH
DIRECTOR
 1.00 X           0 0 0
(9) RICHARD STETLER
DIRECTOR
 1.00 X           0 0 0
(10) JULIAN TAVENNER
DIRECTOR
 1.00 X           0 0 0
(11) GEORGE A TJIATTAS
DIRECTOR
 1.00 X           0 0 0
(12) JOSEPH A TORCHIA
DIRECTOR
 1.00 X           0 0 0
(13) NORMA TYLER
DIRECTOR
 1.00 X           0 0 0
(14) P GARY WIENKEN
DIRECTOR
 1.00 X           0 0 0
(15) DOUGLAS LEIDIG
PRESIDENT
 1.00 X   X       0 339,009 12,746
(16) MICHAEL CONNELL
TREASURER
 1.00     X       0 274,308 15,246
(17) SUE DACAMARA
SR.VICE PRESIDENT
 1.00     X       0 248,560 11,673
Form 990 (2010)
Form 990 (2010)
Page 8
Part VII
Section A. Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees (continued)
(A)
Name and Title 		(B)
Average hours per week (describe hours for related organizations in Schedule O) 		(C)
Position (check all that apply) 		(D)
Reportable compensation from the organization (W- 2/1099-MISC) 		(E)
Reportable compensation from related organizations (W- 2/1099-MISC) 		(F)
Estimated amount of other compensation from the organization and related organizations
Individual Trustee or Director; Institutional Trustee; Officer; Key Employee; Highest compensated employee; Former;
(18) ANDREW APPLEGATE
VICE PRESIDENT
 1.00     X       0 166,586 12,387
(19) SCOTT BUSHONG
VICE PRESIDENT
 1.00     X       0 184,847 9,251
(20) DAVID DENTON
VICE PRESIDENT
 50.00     X       206,463 0 13,862
(21) MELISSA HADLEY
VICE PRESIDENT
 50.00     X       186,180 0 10,440
(22) JIM SCHNEIDER
VICE PRESIDENT
 50.00     X       152,011 0 8,908
(23) ROBIN STERN
VICE PRESIDENT
 50.00     X       138,013 0 9,000
(24) KIM EHRENFRIED
ASST. TREASURER
 1.00     X       0 153,551 10,728
(25) PEGGY CRESPI KAPLAN
V.P, ASST. SECRETARY
 1.00     X       0 280,330 13,672
(26) HENRY MOEHRING
ASST. SECRETARY
 50.00     X       158,560 0 10,292
(27) ANTONIO WILSON
ASST. SECRETARY
 40.00     X       47,991 0 4,173
(28) DEBBIE BARRIS
ASST. SECRETARY
 40.00     X       56,869 0 5,602
(29) ANDREW JOSEPH
ASST. TREASURER
 1.00     X       0 187,352 13,008
(30) CHRISTY KRAMER
ADMINISTRATOR, SNF
 40.00         X   118,098 0 10,922
(31) LONDEL MORGAN
DIRECTOR OF MARKETING & SALES
 40.00         X   124,327 0 3,725
(32) DIANE EDWARDS
ASST. DIR. OF NURSING
 40.00         X   103,730 0 4,319
(33) BRIAN GRUNDUSKY
ASST. EXEC. DIRECTOR
 40.00         X   103,935 0 7,019
(34) FREDERICK DOGGETT
CHAIR
 1.00           X 0 0 0
(35) MICKEY MARTIN
DIRECTOR
 1.00           X 0 0 0
1b Sub-Total................MediumBullet
c Total from continuation sheets to Part VII, Section A....MediumBullet
d Total (add lines 1b and 1c)............MediumBullet 1,396,177 1,834,543 186,973
2
Total number of individuals (including but not limited to those listed above) who received more than $100,000 in reportable compensation from the organizationMediumBullet9
Yes
No
3
Did the organization list any former officer, director or trustee, key employee, or highest compensated employee on line 1a? If “Yes,” complete Schedule J for such individual .............
3
 
No
4
For any individual listed on line 1a, is the sum of reportable compensation and other compensation from the organization and related organizations greater than $150,000? If “Yes,” complete Schedule J for such individual...........................
4
Yes
 
5
Did any person listed on line 1a receive or accrue compensation from any unrelated organization or individual for services rendered to the organization? If “Yes,” complete Schedule J for such person .....
5
 
No
Section B. Independent Contractors
1
Complete this table for your five highest compensated independent contractors that received more than $100,000 of compensation from the organization.
(A)
Name and business address 		(B)
Description of services 		(C)
Compensation
SODEXO INC & AFFILIATES
PO BOX 536922
ATLANTA,GA30353 		FOOD SERVICE 9,918,229
FLAGSHIP REHABILITATION SERVICE
157 BALTIMORE STREET
CUMBERLAND,MD21502 		REHABILITATION SERVICE 3,091,127
CONTINUING CARE RX
28 S SECOND STREET
NEWPORT,PA17074 		PHARMACY SERVICES 1,702,699
TRADEMARK DESIGN & BUILD
18404 BRIGHT PLUME TERRACE
BOYDS,MD20841 		CONSTRUCTION SERVICES 925,067
MCKESSON MEDICAL-SURGICAL MINNESOTA SUPP
PO BOX 630693
CINCINNATI,OH45263 		MEDICAL SUPPLIES 635,703
2
Total number of independent contractors (including but not limited to those listed above) who received more than $100,000 in compensation from the organization MediumBullet28
Form 990 (2010)
Form 990 (2010)
Page 9
Part VIII
Statement of Revenue
(A)
Total revenue 		(B)
Related or
exempt
function
revenue 		(C)
Unrelated
business
revenue 		(D)
Revenue
excluded from
tax under sections
512, 513, or 514
Contributions, gifts, grants and other similar amounts 1a Federated campaigns..1a  
b Membership dues....1b  
c Fundraising events....1c  
d Related organizations...1d  
e Government grants (contributions)1e  
f All other contributions, gifts, grants, and
similar amounts not included above1f 		 
g Noncash contributions included in lines 1a-1f:$  
h Total. Add lines 1a-1f.......MediumBullet  
Program Service Revenue Business Code
2a NET RESIDENT REVENUE 623,312 80,709,068 80,709,068    
b AMORTIZATION OF ENTRAN 623,312 24,233,984 24,233,984    
c MEDICARE/MEDICAID PAYM 623,312 16,139,536 16,139,536    
d OTHER OPERATING REVENU 623,312 1,092,273 1,092,273    
e
f All other program service revenue .        
g Total. Add lines 2a–2f........MediumBullet 122,174,861
Other Revenue 3 Investment income (including dividends, interest
and other similar amounts).....MediumBullet 818,859   -52,300 871,159
4 Income from investment of tax-exempt bond proceeds..MediumBullet        
5 Royalties............MediumBullet        
(i) Real (ii) Personal
6a Gross Rents 371,634  
b Less: rental expenses 36,432  
c Rental income or (loss) 335,202  
d Net rental income or (loss).......MediumBullet 335,202     335,202
(i) Securities (ii) Other
7a Gross amount from sales of assets other than inventory 31,181,831  
b Less: cost or other basis and sales expenses 27,881,339  
c Gain or (loss) 3,300,492  
d Net gain or (loss)..........MediumBullet 3,300,492     3,300,492
8a Gross income from fundraising events (not including
$  
of contributions reported on line 1c). See Part IV, line 18 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from fundraising events..MediumBullet      
9a Gross income from gaming activities.
See Part IV, line 19 ...
a  
b Less: direct expenses ...b  
c Net income or (loss) from gaming activities...MediumBullet        
10a Gross sales of inventory, less
returns and allowances .
a  
b Less: cost of goods sold ..b  
c Net income or (loss) from sales of inventory..MediumBullet        
Miscellaneous Revenue Business Code
11a            
b            
c            
d All other revenue ....        
e Total. Add lines 11a–11d ......MediumBullet  
12 Total revenue. See Instructions....MediumBullet 126,629,414 122,174,861 -52,300 4,506,853
Form 990 (2010)
Form 990 (2010)
Page 10
Part IX
Statement of Functional Expenses
Section 501(c)(3) and 501(c)(4) organizations must complete all columns. All other organizations must complete column (A) but are not required to complete columns (B), (C), and (D).
Do not include amounts reported on lines 6b,
7b, 8b, 9b, and 10b of Part VIII. 		(A)
Total expenses 		(B)
Program service expenses 		(C)
Management and general expenses 		(D)
Fundraising expenses
1 Grants and other assistance to governments and organizations in the U.S. See Part IV, line 21    
2 Grants and other assistance to individuals in the U.S. See Part IV, line 22    
3 Grants and other assistance to governments, organizations, and individuals outside the U.S. See Part IV, lines 15 and 16    
4 Benefits paid to or for members    
5 Compensation of current officers, directors, trustees, and key employees .... 1,008,364   1,008,364  
6 Compensation not included above, to disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B) ....        
7 Other salaries and wages 41,235,210 38,159,977 3,075,233  
8 Pension plan contributions (include section 401(k) and section 403(b) employer contributions) .... 1,047,773 956,852 90,921  
9 Other employee benefits ....... 5,728,716 4,034,507 1,694,209  
10 Payroll taxes ........... 3,103,486 2,829,792 273,694  
11 Fees for services (non-employees):        
a Management ...... 4,832,531   4,832,531  
b Legal ......... 224,754   224,754  
c Accounting ........... 95,582   95,582  
d Lobbying ...........        
e Professional fundraising. See Part IV, line 17..    
f Investment management fees ......        
g Other .......... 7,703,287 7,389,864 313,423  
12 Advertising and promotion .... 1,359,669 1,359,537 132  
13 Office expenses ....... 6,211,924 5,653,081 558,843  
14 Information technology ...... 2,982,875 1,838 2,981,037  
15 Royalties ..        
16 Occupancy ........... 8,894,775 8,418,905 475,870  
17 Travel ............ 92,714 74,681 18,033  
18 Payments of travel or entertainment expenses for any federal, state, or local public officials ......        
19 Conferences, conventions, and meetings ....        
20 Interest ........... 10,660,058 10,660,058    
21 Payments to affiliates .......        
22 Depreciation, depletion, and amortization ..... 16,113,144 15,758,655 354,489  
23 Insurance .............. 771,504 754,531 16,973  
24 Other expenses. Itemize expenses not covered above. (Expenses grouped together and labeled miscellaneous may not exceed 5% of total expenses shown on line 25 below.)
a FOOD 4,746,925 4,746,585 340  
b REPAIRS & MAINTENANCE 2,431,467 2,396,165 35,302  
c BAD DEBT 1,276,468 1,276,468    
d DUES AND SUBSCRIPTIONS 122,055 16,613 105,442  
e EDUCATION & TRAINING 49,690 30,974 18,716  
f All other expenses 1,583,597 727,218 856,379  
25 Total functional expenses. Add lines 1 through 24f 122,276,568 105,246,301 17,030,267 0
26 Joint costs. Check here MediumBullet if following
SOP 98-2 (ASC 958-720). Complete this line only if the organization reported in column (B) joint costs from a combined educational campaign and fundraising solicitation 		       
Form 990 (2010)
Form 990 (2010)
Page 11
Part X Balance Sheet
(A)
Beginning of year 		(B)
End of year
Assets 1 Cash—non-interest-bearing .......... 8,239,735 1 7,300,305
2 Savings and temporary cash investments ....... 35,997,243 2 50,752,662
3 Pledges and grants receivable, net .........   3  
4 Accounts receivable, net ......... 4,465,760 4 5,397,501
5 Receivables from current and former officers, directors, trustees, key employees, and highest compensated employees. Complete Part II of
Schedule L ..........   5  
6 Receivables from other disqualified persons (as defined under section 4958(f)(1)) and persons described in section 4958(c)(3)(B). Complete Part II of
Schedule L ..........   6  
7 Notes and loans receivable, net ............. 605,370 7 4,583,400
8 Inventories for sale or use .............. 283,760 8 224,190
9 Prepaid expenses and deferred charges ............ 1,621,810 9 1,392,709
10a Land, buildings, and equipment: cost or other basis. Complete Part VI of Schedule D 10a 420,562,033
b Less: accumulated depreciation. ..... 10b 166,751,677 259,653,960 10c 253,810,356
11 Investments—publicly traded securities .......... 33,727,316 11 31,169,470
12 Investments—other securities. See Part IV, line 11 ......   12  
13 Investments—program-related. See Part IV, line 11 ..   13  
14 Intangible assets ......... 2,032,381 14 1,219,409
15 Other assets. See Part IV, line 11 ........... 25,191,443 15 26,317,262
16 Total assets. Add lines 1 through 15 (must equal line 34)... 371,818,778 16 382,167,264
Liabilities 17 Accounts payable and accrued expenses . 4,004,381 17 6,230,563
18 Grants payable ..........   18  
19 Deferred revenue .......... 170,075,993 19 168,392,933
20 Tax-exempt bond liabilities .......... 227,263,729 20 237,724,523
21 Escrow or custodial account liability. Complete Part IV of Schedule D..   21  
22 Payables to current and former officers, directors, trustees, key
employees, highest compensated employees, and disqualified
persons. Complete Part II of Schedule L..........   22  
23 Secured mortgages and notes payable to unrelated third parties ..   23  
24 Unsecured notes and loans payable to unrelated third parties ....   24  
25 Other liabilities. Complete Part X of Schedule D..... 20,993,599 25 23,780,049
26 Total liabilities. Add lines 17 through 25..... 422,337,702 26 436,128,068
Net Assets or Fund Balance Organizations that follow SFAS 117, check here MediumBullet and complete lines 27 through 29, and lines 33 and 34.
27 Unrestricted net assets ..... -72,737,606 27 -77,345,734
28 Temporarily restricted net assets ..... 639,150 28 409,909
29 Permanently restricted net assets ..... 21,579,532 29 22,975,021
Organizations that do not follow SFAS 117, check here MediumBullet and complete lines 30 through 34.
30 Capital stock or trust principal, or current funds .....   30  
31 Paid-in or capital surplus, or land, building or equipment fund .....   31  
32 Retained earnings, endowment, accumulated income, or other funds   32  
33 Total net assets or fund balances ..... -50,518,924 33 -53,960,804
34 Total liabilities and net assets/fund balances ..... 371,818,778 34 382,167,264
Form 990 (2010)
Form 990 (2010)
Page 12
Part XI
Reconcilliation of Net Assets
Check if Schedule O contains a response to any question in this Part XI . . . . . . . . . .
1
Total revenue (must equal Part VIII, column (A), line 12) . . .
1
126,629,414
2
Total expenses (must equal Part IX, column (A), line 25) . . . . .
2
122,276,568
3
Revenue less expenses. Subtract line 2 from line 1 . . . .
3
4,352,846
4
Net assets or fund balances at beginning of year (must equal Part X, line 33, column (A)) . .
4
-50,518,924
5
Other changes in net assets or fund balances (explain in Schedule O) . . . .
5
-7,794,725
6
Net assets or fund balances at end of year. Combine lines 3, 4, and 5 (must equal Part X, line 33, column (B)) . . . . . .
6
-53,960,804
Part XII
Financial Statements and Reporting
Check if Schedule O contains a response to any question in this Part XII . . . . . . . . . .
Yes
No
1
Accounting method used to prepare the Form 990:  
If the organization changed its method of accounting from a prior year or checked "Other," explain in
Schedule O.
2a
Were the organization’s financial statements compiled or reviewed by an independent accountant?..
2a
 
No
b
Were the organization’s financial statements audited by an independent accountant?........
2b
Yes
 
c
If “Yes,” to 2a or 2b, does the organization have a committee that assumes responsibility for oversight of the audit, review, or compilation of its financial statements and selection of an independent accountant?
If the organization changed either its oversight process or selection process during the tax year, explain in Schedule O............................
2c
Yes
 
d
If “Yes” to line 2a or 2b, check a box below to indicate whether the financial statements for the year were issued on a separate basis, consolidated basis, or both:
3a
As a result of a federal award, was the organization required to undergo an audit or audits as set forth in the Single Audit Act and OMB Circular A-133? ................
3a
 
No
b
If “Yes,” did the organization undergo the required audit or audits? If the organization did not undergo the required audit or audits, explain why in Schedule O and describe any steps taken to undergo such audits. ..
3b
 
 
Form 990 (2010)
Additional Data


Software ID:  
Software Version:  
Form 990, Special Condition Description:
Special Condition Description
SCHEDULE A
(Form 990 or 990EZ)

Department of the Treasury
Internal Revenue Service
Public Charity Status and Public Support

Complete if the organization is a section 501(c)(3) organization or a section
4947(a)(1) nonexempt charitable trust.
right arrow Attach to Form 990 or Form 990-EZ. right arrow See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
ASBURY ATLANTIC INC
 
Employer identification number

52-0607956
Part I
Reason for Public Charity Status (All organizations must complete this part.) See instructions
The organization is not a private foundation because it is: (For lines 1 through 11, check only one box.)
1
2
3
4
5
section 170(b)(1)(A)(iv). (Complete Part II.)
6
7
8
9
receipts from activities related to its exempt functions—subject to certain exceptions, and (2) no more than 331/3% of
its support from gross investment income and unrelated business taxable income (less section 511 tax) from businesses
acquired by the organization after June 30, 1975. See section 509(a)(2). (Complete Part III.)
10
11
e
f
g
(i) a person who directly or indirectly controls, either alone or together with persons described in (ii)
Yes
No
and (iii) below, the governing body of the the supported organization? ................
11g(i)
 
 
(ii) a family member of a person described in (i) above? ......................
11g(ii)
 
 
(iii) a 35% controlled entity of a person described in (i) or (ii) above? ................
11g(iii)
 
 
h
(i)
Name of supported organization 		(ii)
EIN 		(iii)
Type of organization (described on lines 1- 9 above or IRC section (see instructions)) 		(iv)
Is the organization in col. (i) listed in your governing document? 		(v)
Did you notify the organization in col. (i) of your support? 		(vi)
Is the organization in col. (i) organized in the U.S.? 		(vii)
Amount of support?
Yes No Yes No Yes No
Total                  

For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 11285F
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 2
Part II
Support Schedule for Organizations Described in IRC 170(b)(1)(A)(iv) and 170(b)(1)(A)(vi)
(Complete only if you checked the box on line 5, 7, or 8 of Part I or if the organization failed to qualify under Part III. If the organization fails to qualify under the tests listed below, please complete Part III.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") ....            
2 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf.......            
3 The value of services or facilities furnished by a governmental unit to the organization without charge..            
4 Total. Add lines 1 through 3..            
5 The portion of total contributions by each person (other than a governmental unit or publicly supported organization) included on line 1 that exceeds 2% of the amount shown on line 11, column (f)..            
6 Public Support. Subtract line 5 from line 4.            
Section B. Total Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
7 Amounts from line 4..            
8 Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources..            
9 Net income from unrelated business activities, whether or not the business is regularly carried on..            
10 Other income. (Explain in Part IV.) Do not include gain or loss from the sale of capital assets..            
11 Total support (Add lines 7 through 10).            
12
12
 
13
Section C. Computation of Public Support Percentage
14
14
 
15
15
 
16a
b
17a
b
18
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 3
Part III
Support Schedule for Organizations Described in IRC 509(a)(2)
(Complete only if you checked the box on line 9 of Part I or if the organization failed to qualify under Part II. If the organization fails to qualify under the tests listed below, please complete Part II.)
Section A. Public Support
Calendar year(or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
1 Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . 5,388,739 1,311,453       6,700,192
2 Gross receipts from admissions, merchandise sold or services performed, or facilities furnished in any activity that is related to the organization's tax-exempt purpose...... 68,986,378 105,767,735 112,234,707 117,618,903 122,174,861 526,782,584
3 Gross receipts from activities that are not an unrelated trade or business under section 513..            
4 Tax revenues levied for the organization's benefit and either paid to or expended on its behalf...            
5 The value of services or facilities furnished by a governmental unit to the organization without charge..            
6 Total. Add lines 1 through 5. 74,375,117 107,079,188 112,234,707 117,618,903 122,174,861 533,482,776
7a Amounts included on lines 1, 2, and 3 received from disqualified persons...           0
b Amounts included on lines 2 and 3 received from other than disqualified persons that exceed the greater of $5,000 or 1% of the amount on line 13 for the year.           0
c Add lines 7a and 7b..           0
8 Public Support (Subtract line 7c from line 6.)           533,482,776
Section B. Total Support
Calendar year (or fiscal year beginning in) (a) 2006 (b) 2007 (c) 2008 (d) 2009 (e) 2010 (f) Total
9 Amounts from line 6... 74,375,117 107,079,188 112,234,707 117,618,903 122,174,861 533,482,776
10a Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. 2,393,477 2,427,229 1,354,413 848,559 1,242,523 8,266,201
b Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975.            
c Add lines 10a and 10b. 2,393,477 2,427,229 1,354,413 848,559 1,242,523 8,266,201
11 Net income from unrelated business activities not included in line 10b, whether or not the business is regularly carried on.            
12 Other income. Do not include gain or loss from the sale of capital assets (Explain in Part IV.)            
13 Total support (Add lines 9, 10c, 11 and 12.). 76,768,594 109,506,417 113,589,120 118,467,462 123,417,384 541,748,977
14
Section C. Computation of Public Support Percentage
15
15
98.470 %
16
16
97.880 %
Section D. Computation of Investment Income Percentage
17
17
1.530 %
18
18
2.120 %
19a
b
20
Schedule A (Form 990 or 990-EZ) 2010
Schedule A (Form 990 or 990-EZ) 2010
Page 4
Part IV
Supplemental Information. Supplemental Information. Complete this part to provide the explanation required by Part II, line 10; Part II, line 17a or 17b; or Part III, line 12. Also complete this part for any additional information. (See instructions).
Facts And Circumstances Test
 
Explanation
 
 
 
 
Schedule A (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE D
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Financial Statements
SchDMd Bullet Complete if the organization answered "Yes," to Form 990,
Part IV, line 6, 7, 8, 9, 10, 11, or 12.
SchDMd Bullet Attach to Form 990. SchDMd Bullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
ASBURY ATLANTIC INC
 
Employer identification number

52-0607956
Part I
Organizations Maintaining Donor Advised Funds or Other Similar Funds or Accounts. Complete if the organization answered "Yes" to Form 990, Part IV, line 6.
(a) Donor advised funds (b) Funds and other accounts
1 Total number at end of year .......    
2 Aggregate contributions to (during year) ...    
3 Aggregate grants from (during year) ...    
4 Aggregate value at end of year .......    
5
Did the organization inform all donors and donor advisors in writing that the assets held in donor advised
funds are the organization's property, subject to the organization's exclusive legal control? ............
6
Did the organization inform all grantees, donors, and donor advisors in writing that grant funds may be
used only for charitable purposes and not for the benefit of the donor or donor advisor, or for any other purpose conferring impermissible private benefit. ...................................
Part II
Conservation Easements. Complete if the organization answered "Yes" to Form 990, Part IV, line 7.
1
Purpose(s) of conservation easements held by the organization (check all that apply).
2
Complete lines 2a–2d if the organization held a qualified conservation contribution in the form of a conservation easement on the last day of the tax year.
Held at the End of the Year
a Total number of conservation easements ....................... 2a  
b Total acreage restricted by conservation easements .................. 2b  
c Number of conservation easements on a certified historic structure included in (a) ..... 2c  
d Number of conservation easements included in (c) acquired after 8/17/06 ........ 2d  
3
Number of conservation easements modified, transferred, released, extinguished, or terminated by the organization during
the taxable year SchDMd Bullet  
4
Number of states where property subject to conservation easement is located SchDMd Bullet  
5
Does the organization have a written policy regarding the periodic monitoring, inspection, handling of violations, and
enforcement of the conservation easements it holds? .............................
6
Staff and volunteer hours devoted to monitoring, inspecting and enforcing conservation easements during the year SchDMd Bullet  
7
Amount of expenses incurred in monitoring, inspecting, and enforcing conservation easements during the year SchDMd Bullet $  
8
Does each conservation easement reported on line 2(d) above satisfy the requirements of section
170(h)(4)(B)(i) and 170(h)(4)(B)(ii)? ....................................
9
In Part XIV, describe how the organization reports conservation easements in its revenue and expense statement, and
balance sheet, and include, if applicable, the text of the footnote to the organization’s financial statements that describes
the organization’s accounting for conservation easements.
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets.
Complete if the organization answered "Yes" to Form 990, Part IV, line 8.
1a
If the organization elected, as permitted under SFAS 116, not to report in its revenue statement and balance sheet works of
art, historical treasures, or other similar assets held for public exhibition, education or research in furtherance of public service,
provide, in Part XIV, the text of the footnote to its financial statements that describes these items.
b
If the organization elected, as permitted under SFAS 116, to report in its revenue statement and balance sheet works of art,
historical treasures, or other similar assets held for public exhibition, education, or research in furtherance of public service,
provide the following amounts relating to these items:
(i)
Revenues included in Form 990, Part VIII, line 1 ........................SchDMd Bullet $  
(ii)
Assets included in Form 990, Part X ..............................SchDMd Bullet $  
2
If the organization received or held works of art, historical treasures, or other similar assets for financial gain, provide the
following amounts required to be reported under SFAS 116 relating to these items:
a
Revenues included in Form 990, Part VIII, line 1 ..........................SchDMd Bullet $  
b
Assets included in Form 990, Part X ...............................SchDMd Bullet $  
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 52283D
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 2
Part III
Organizations Maintaining Collections of Art, Historical Treasures, or Other Similar Assets (continued)
3
Using the organization’s accession and other records, check any of the following that are a significant use of its collection
items (check all that apply):
a
d
b
e
 
c
4
Provide a description of the organization’s collections and explain how they further the organization’s exempt purpose in
Part XIV.
5
During the year, did the organization solicit or receive donations of art, historical treasures or other similar
assets to be sold to raise funds rather than to be maintained as part of the organization’s collection?........
Part IV
Escrow and Custodial Arrangements. Complete if the organization answered "Yes" to Form 990,
Part IV, line 9, or reported an amount on Form 990, Part X, line 21.
1a
Is the organization an agent, trustee, custodian or other intermediary for contributions or other assets not
included on Form 990, Part X? ....................................
b
If "Yes," explain the arrangement in Part XIV and complete the following table:
Amount
c Beginning balance ................................. 1c  
d Additions during the year .............................. 1d  
e Distributions during the year ............................. 1e  
f Ending balance ................................... 1f  
2a
Did the organization include an amount on Form 990, Part X, line 21? .....................
b
If “Yes,” explain the arrangement in Part XIV.
Part V
Endowment Funds. Complete if the organization answered "Yes" to Form 990, Part IV, line 10.
(a)Current Year (b)Prior Year (c)Two Years Back (d)Three Years Back (e)Four Years Back
1a Beginning of year balance .... 21,579,531 20,907,045 20,934,068
b Contributions ........      
c Investment earnings or losses ... 1,395,490 672,486 91,702
d Grants or scholarships .....      
e Other expenditures for facilities
and programs ........ 		    118,725
f Administrative expenses ....      
g End of year balance ...... 22,975,021 21,579,531 20,907,045
2
Provide the estimated percentage of the year end balance held as:
a
Board designated or quasi-endowment: SchDMd Bullet  
b
Permanent endowment: SchDMd Bullet100.000 %
c
Term endowment: SchDMd Bullet  
3a
Are there endowment funds not in the possession of the organization that are held and administered for the
organization by:

Yes
No
(i) unrelated organizations ........................
3a(i)
 
No
(ii) related organizations ........................
3a(ii)
Yes
 
b
If "Yes" to 3a(ii), are the related organizations listed as required on Schedule R? .........
3b
Yes
 
4
Describe in Part XIV the intended uses of the organization's endowment funds.
Part VI
Investments—Land, Buildings, and Equipment. See Form 990, Part X, line 10.
Description of investment (a) Cost or other basis (investment) (b)Cost or other basis (other) (c) Accumulated depreciation (d) Book value
1a Land ................. 134,192 10,398,612 10,532,804
b Buildings ................   339,023,485 128,340,223 210,683,262
c Leasehold improvements ............   14,968,497 6,300,604 8,667,893
d Equipment ................   41,906,824 32,110,850 9,795,974
e Other .................   14,130,423   14,130,423
Total. Add lines 1a-1e. (Column (d) should equal Form 990, Part X, column (B), line 10(c).)........SchDMdBullet 253,810,356
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 3
Part VII
Investments—Other Securities. See Form 990, Part X, line 12.
(a) Description of security or category
(including name of security)		 (b)Book value (c) Method of valuation:
Cost or end-of-year market value
(1)Financial derivatives    
(2)Closely-held equity interests    
Other








Total. (Column (b) should equal Form 990, Part X, col.(B) line 12.)Small Bullet  
Part VIII
Investments—Program Related. See Form 990, Part X, line 13.
(a) Description of investment type (b) Book value (c) Method of valuation:
Cost or end-of-year market value








Total. (Column (b) should equal Form 990, Part X, col.(B) line 13.)Small Bullet  
Part IX
Other Assets. See Form 990, Part X, line 15.
(a) Description (b) Book value
(1) INT IN NET ASSETS OF AFFILIATE 15,674,212
(2) DEFERRED COSTS 6,424,110
(3) OTHER RECEIVABLE 66,402
(4) INTEREST RECEIVABLE 161,589
(5) DUE FROM RELATED PARTIES 483,850
(6) DUE TO ACOMM 2,547,093
(7) DEPOSITS AND OTHER ASSETS 960,006


Total. (Column (b) should equal Form 990, Part X, col.(B) line 15.)...........Small Bullet 26,317,262
Part X
Other Liabilities. See Form 990, Part X, line 25.
1.(a) Description of Liability (b) Amount
Federal Income Taxes  
VALUATION SWAP AGREEMENTS 15,120,559
REFUNDABLE FEES 5,310,637
OBLIGATION-DEFERRED GIVING 976,442
PROJECTED REFUND OF ENTRANCE FEES 2,237,018
CAPITAL LEASES LIABILITY 135,393




Total. (Column (b) should equal Form 990, Part X, col.(B) line 25.)Small Bullet 23,780,049
2. Fin 48 (ASC 740) Footnote. In Part XIV, provide the text of the footnote to the organization's financial statements that reports the organization's liability for uncertain tax positions under FIN 48 (ASC740).
Schedule D (Form 990) 2010

Schedule D (Form 990) 2010
Page 4
Part XI Reconciliation of Change in Net Assets from Form 990 to Financial Statements
1 Total revenue (Form 990, Part VIII, column (A), line 12) .................... 1 126,629,414
2 Total expenses (Form 990, Part IX, column (A), line 25) ..................... 2 122,276,568
3 Excess or (deficit) for the year. Subtract line 2 from line 1 ............. 3 4,352,846
4 Net unrealized gains (losses) on investments .......................... 4 873,174
5 Donated services and use of facilities ............................. 5  
6 Investment expenses ................................... 6  
7 Prior period adjustments .................................. 7  
8 Other (Describe in Part XIV) ................................. 8 -8,667,899
9 Total adjustments (net). Add lines 4 - 8 ............................. 9 -7,794,725
10 Excess or (deficit) for the year per financial statements. Combine lines 3 and 9 ......... 10 -3,441,879
Part XII Reconciliation of Revenue per Audited Financial Statements With Revenue per Return
1 Total revenue, gains, and other support per audited financial statements ....... 1 127,574,345
2 Amounts included on line 1 but not on Form 990, Part VIII, line 12:
a Net unrealized gains on investments .......... 2a  
b Donated services and use of facilities ......... 2b  
c Recoveries of prior year grants ........... 2c  
d Other (Describe in Part XIV): ............ 2d 892,631
e Add lines 2a through 2d ..................... 2e 892,631
3 Subtract line 2e from line 1..................... 3 126,681,714
4 Amounts included on Form 990, Part VIII, line 12, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b . 4a  
b Other (Describe in Part XIV): ........... 4b -52,300
c Add lines 4a and 4b....................... 4c -52,300
5 Total Revenue. Add lines 3 and 4c. (This should equal Form 990, Part I, line 12.) ...... 5 126,629,414
Part XIII Reconciliation of Expenses per Audited Financial Statements With Expenses per Return
1 Total expenses and losses per audited financial statements ............. 1 122,313,000
2 Amounts included on line 1 but not on Form 990, Part IX, line 25:
a Donated services and use of facilities .......... 2a  
b Prior year adjustments .............. 2b  
c Other losses ................ 2c  
d Other (Describe in Part XIV): ............ 2d 36,432
e Add lines 2a through 2d...................... 2e 36,432
3 Subtract line 2e from line 1..................... 3 122,276,568
4 Amounts included on Form 990, Part IX, line 25, but not on line 1:
a Investment expenses not included on Form 990, Part VIII, line 7b .. 4a  
b Other (Describe in Part XIV): ............ 4b  
c Add lines 4a and 4b....................... 4c 0
5 Total expenses. Add lines 3 and 4c. (This should equal Form 990, Part I, line 18.) ...... 5 122,276,568
Part XIV
Supplemental Information
Complete this part to provide the descriptions required for Part II, lines 3, 5, and 9; Part III, lines 1a and 4; Part lV, lines 1b and 2b;
Part V, line 4; Part X; Part XI, line 8; Part XII, lines 2d and 4b; and Part XIII, lines 2d and 4b. Also complete this part to provide any additional information.
Identifier Return Reference Explanation
DESCRIPTION OF INTENDED USE OF ENDOWMENT FUNDS: PART V, LINE 4: THE INTENDED USE OF THE ENDOWNMENT FUND IS TO SUPPORT BENEVOLENT CARE
DESCRIPTION OF UNCERTAIN TAX POSITIONS UNDER FIN 48: PART X: ASBURY ATLANTIC MEMBERS ARE EACH EXEMPT FROM FEDERAL INCOME TAXES PURSUANT TO SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE (IRC); ACCORDINGLY NO PROVISION FOR INCOME TAXES IS REQUIRED. ASBURY COMMUNITIES HAS IMPLEMENTED PROCESSES TO ENSURE COMPLIANCE WITH THE INTERNAL REVENUE SERVICE'S INTERMEDIATE SANCTIONS PROVISIONS FOR ALL ITS SUPPORTED ORGANIZATIONS, INCLUDING ASBURY ATLANTIC. THIS INCLUDES AN INDEPENDENT REVIEW BY THE COMPENSATION COMMITTEE OF THE BOARD OF ALL COMPENSATION ARRANGEMENTS WITH DISQUALIFIED PERSONS, RETENTION OF OUTSIDE COUNSEL AND OUTSIDE COMPENSATION CONSULTANTS TO PROVIDE INDEPENDENT THIRD-PARTY REVIEW AND ADVISEMENT, AND THE IMPLEMENTATION OF A DETAILED CONFLICT-OF-INTEREST POLICY AND ANNUAL DISCLOSURE PROCESS FOR ALL DISQUALIFIED PERSONS. THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION MUST BE RECOGNIZED ONLY IF IT IS MORE-LIKELY-THAN-NOT THAT THE TAX POSITION WILL BE SUSTAINED UPON EXAMINATION BY THE TAXING AUTHORITIES, BASED ON THE TECHNICAL MERITS OF THE POSITION. THE TAX BENEFITS RECOGNIZED IN THE FINANCIAL STATEMENTS FROM SUCH A POSITION ARE MEASURED BASED ON THE LARGEST BENEFIT THAT HAS A GREATER THAN 50% LIKELIHOOD OF BEING REALIZED UPON ULTIMATE RESOLUTION. THE COMPANY IS NOT AWARE OF ANY TAX POSITIONS THAT WOULD HAVE A MATERIAL IMPACT ON THE COMPANY'S RESULTS OF OPERATIONS OR FINANCIAL POSITION. THE COMPANY'S INCOME TAX RETURN IS SUBJECT TO REVIEW AND EXAMINATION BY FEDERAL, STATE, AND LOCAL AUTHORITIES. THE COMPANY IS NOT AWARE OF ANY ACTIVITIES THAT WOULD JEOPARDIZE ITS TAX-EXEMPT STATUS. THE TAX RETURNS FOR THE YEARS 2007 TO 2009 ARE OPEN TO EXAMINATION BY FEDERAL, LOCAL, AND STATE AUTHORITIES.
PART XI, LINE 8 - OTHER ADJUSTMENTS:   TRANSFER FROM ASBURY FOUNDATION 576,118. TRANSFER FROM ASBURY COMMUNITIES -2,060,000. NET UNREALIZED GAIN ON DERIVATIVE INSTRUMENTS -2,503,773. CHANGE IN BENEFICIAL INTEREST OF FOUNDATION 1,556,405. CHANGE IN VALUE OF DFERRED GIVING -110,075. LOSS ON ADVANCED BOND FUNDING -4,885,744. LOSS ON SALE OF ASSETS -1,293,130. UNRELATED BUSINESS LOSS 52,300.
PART XII, LINE 2D - OTHER ADJUSTMENTS:   NET ASSETS RELEASED FROM RESTRICTIONS 280,081. TRANSFERS FROM ASBURY FOUNDATION 576,118. RENTAL EXPENSE 36,432.
PART XII, LINE 4B - OTHER ADJUSTMENTS:   UNRELATED BUSINESS LOSS -52,300.
PART XIII, LINE 2D - OTHER ADJUSTMENTS:   RENTAL EXPENSE 36,432.
Schedule D (Form 990) 2010

Additional Data


Software ID:  
Software Version:  




Schedule J
(Form 990)
Department of the Treasury
Internal Revenue Service
Compensation Information
For certain Officers, Directors, Trustees, Key Employees, and Highest
Compensated Employees
SchJMediumBullet Complete if the organization answered "Yes" to Form 990,
Part IV, question 23.
SchJMediumBullet Attach to Form 990. SchJMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
ASBURY ATLANTIC INC
 
Employer identification number

52-0607956
Part I
Questions Regarding Compensation
Yes
No
1a
Check the appropiate box(es) if the organization provided any of the following to or for a person listed in Form
990, Part VII, Section A, line 1a. Complete Part III to provide any relevant information regarding these items.
b
If any of the boxes in line 1a are checked, did the organization follow a written policy regarding payment or reimbursement orprovision of all the expenses described above? If "No," complete Part III to explain....
1b
 
 
2
Did the organization require substantiation prior to reimbursing or allowing expenses incurred by all
officers, directors, trustees, and the CEO/Executive Director, regarding the items checked in line 1a? ....
2
 
 
3
Indicate which, if any, of the following the organization uses to establish the compensation of the
organization's CEO/Executive Director. Check all that apply.
4
During the year, did any person listed in Form 990, Part VII, Section A, line 1a with respect to the filing organization or a related organization:
a
Receive a severance payment or change-of-control payment? ...............
4a
Yes
 
b
Participate in, or receive payment from, a supplemental nonqualified retirement plan? ........
4b
 
No
c
Participate in, or receive payment from, an equity-based compensation arrangement? ........
4c
 
No
If "Yes" to any of lines 4a-c, list the persons and provide the applicable amounts for each item in Part III.
Only 501(c)(3) and 501(c)(4) organizations only must complete lines 5-9.
5
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the revenues of:
a
The organization? ...........................
5a
 
No
b
Any related organization? .........................
5b
 
No
If "Yes," to line 5a or 5b, describe in Part III.
6
For persons listed in form 990, Part VII, Section A, line 1a, did the organization pay or accrue any
compensation contingent on the net earnings of:
a
The organization? ...........................
6a
 
No
b
Any related organization? .........................
6b
 
No
If "Yes," to line 6a or 6b, describe in Part III.
7
For persons listed in Form 990, Part VII, Section A, line 1a, did the organization provide any non-fixed
payments not described in lines 5 and 6? If "Yes," describe in Part III ............
7
 
No
8
Were any amounts reported in Form 990, Part VII, paid or accured pursuant to a contract that was
subject to the initial contract exception described in Regs. section 53.4958-4(a)(3)? If "Yes," describe
in Part III .............................
8
 
No
9
If "Yes" to line 8, did the organization also follow the rebuttable presumption procedure described in Regulations section 53.4958-6(c)? .........................
9
 
 
For Privacy Act and Paperwork Reduction Act Notice, see the Intructions for Form 990
Cat. No. 50053T
Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 2
Part II
Officers, Directors, Trustees, Key Employees, and Highest Compensated Employees. Use Schedule J-1 if additional space needed.
For each individual whose compensation must be reported in Schedule J, report compensation from the organization on row (i) and from related organizations, described in the
instructions on row (ii). Do not list any individuals that are not listed on Form 990, Part VII.

Note. The sum of columns (B)(i)-(iii) must equal the applicable column (D) or column (E) amounts on Form 990, Part VII, line 1a.
(A) Name (B) Breakdown of W-2 and/or 1099-MISC compensation (C) Retirement and other deferred compensation (D) Nontaxable
benefits		 (E) Total of columns
(B)(i)-(D) 		(F) Compensation
reported in prior
Form 990 or
Form 990-EZ
(i) Base compensation (ii) Bonus & incentive compensation (iii) Other reportable compensation
(1) DOUGLAS LEIDIG (i)
(ii)		 0
333,469 		0
5,000 		0
540 		0
7,350 		0
5,396 		0
351,755 		0
0
(2) MICHAEL CONNELL (i)
(ii)		 0
253,822 		0
20,000 		0
486 		0
7,350 		0
7,896 		0
289,554 		0
0
(3) SUE DACAMARA (i)
(ii)		 0
242,337 		0
5,000 		0
1,223 		0
7,350 		0
4,323 		0
260,233 		0
0
(4) ANDREW APPLEGATE (i)
(ii)		 0
161,241 		0
5,000 		0
345 		0
5,203 		0
7,184 		0
178,973 		0
0
(5) SCOTT BUSHONG (i)
(ii)		 0
179,499 		0
5,000 		0
348 		0
5,724 		0
3,527 		0
194,098 		0
0
(6) DAVID DENTON (i)
(ii)		 200,786
0 		5,000
0 		677
0 		6,543
0 		7,319
0 		220,325
0 		0
0
(7) MELISSA HADLEY (i)
(ii)		 180,602
0 		5,000
0 		578
0 		5,710
0 		4,730
0 		196,620
0 		0
0
(8) JIM SCHNEIDER (i)
(ii)		 145,711
0 		5,000
0 		1,300
0 		4,666
0 		4,242
0 		160,919
0 		0
0
(9) KIM EHRENFRIED (i)
(ii)		 0
148,744 		0
4,500 		0
307 		0
4,909 		0
5,819 		0
164,279 		0
0
(10) PEGGY CRESPI KAPLAN (i)
(ii)		 0
273,008 		0
5,000 		0
2,322 		0
7,350 		0
6,322 		0
294,002 		0
0
(11) HENRY MOEHRING (i)
(ii)		 153,820
0 		4,000
0 		740
0 		4,896
0 		5,396
0 		168,852
0 		0
0
(12) ANDREW JOSEPH (i)
(ii)		 0
182,457 		0
4,500 		0
395 		0
5,824 		0
7,184 		0
200,360 		0
0




Schedule J (Form 990) 2010

Schedule J (Form 990) 2010
Page 3
Part III
Supplemental Information
Complete this part to provide the information, explanation, or descriptions required for Part I, lines 1a, 1b, 4c, 5a, 5b, 6a, 6b, 7, and 8. Also complete this part for any additional information.
Identifier Return Reference Explanation
  PART I, LINE 4A A SEVERANCE PAYMENT WAS PAID DURING 2010 IN THE AMOUNT OF $48,144.
Schedule J (Form 990) 2010

Additional Data


Software ID:  
Software Version:  
Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Schedule O (Form 990).
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
ASBURY ATLANTIC INC
 
Employer identification number
52-0607956
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A CITY OF GAITHERSBURG (MD)
  		52-6000792 363128BL2 11-30-2006 69,840,388 SERIES 2006A MD BONDS   X   X   X
B CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA)
  		23-6003119 230614CH0 10-27-2006 112,215,000 SERIES 2006A PA BONDS   X   X   X
C CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA)
  		23-6003119 230614CZ0 04-01-2008 16,750,000 SERIES 2008 PA BONDS   X   X   X
D CITY OF GAITHERSBURG (MD)
  		52-6000792 363128BT5 11-20-2009 16,000,000 SERIES 2009A MD BONDS   X   X   X
CITY OF GAITHERSBURG (MD)
  		52-6000792 363128CB3 12-16-2009 17,884,081 SERIES 2009B MD BONDS   X   X   X
CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA)
  		23-6003119 230614FK0 11-10-2010 74,630,000 SERIES 2010 PA BONDS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired. . . . . 53,540,000 53,540,000 16,750,000  
2 Amount of bonds defeased . . . .        
3 Total proceeds of issue . . . . 69,840,388 112,215,000 16,750,000 16,000,000
4 Gross proceeds in reserve funds . . 6,631,361 6,498,922    
5 Capitalized interest from proceeds.        
6 Proceeds in refunding escrow. . . . . 61,820,726 101,838,478    
7 Issuance costs from proceeds . . . 1,388,301 1,353,518 335,000 320,000
8 Credit enhancement from proceeds. 976,141 976,141 209,381  
9 Working capital expenditures from proceeds . .        
10 Capital expenditures from proceeds . . 8,046,863 8,046,863 16,205,619 15,680,000
11 Other spent proceeds . .        
12 Other unspent proceeds. . .        
13 Year of substantial completion . . . 2008 2008
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? X   X   X   X  
15 Were the bonds issued as part of an advance refunding issue? X   X     X   X
16 Has the final allocation of proceeds been made? . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . .   X   X   X   X
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2010
Schedule K (Form 990) 2010
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use?   X   X   X   X
b Are there any research agreements that may result in private business use of bond-financed property? . .   X   X   X   X
c Does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts or research agreements relating to the financed property? . X   X   X   X  
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . . . . . . . . . . . . SchKMediumBullet        
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . SchKMediumBullet        
6 Total of lines 4 and 5 . . .. . . . . .        
7 Has the organization adopted management practices and procedures to ensure the post-issuance compliance of its tax-exempt bond liabilities? X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . . X   X   X   X  
2 Is the bond issue a variable rate issue?   X X   X     X
3a Has the organization or the governmental issuer entered into a hedge with respect to the bond issue?   X X     X   X
b Name of provider . KBC BANK
  		KBC BANK
  		 
  		 
 
c Term of hedge . . 2.100000000000 2.100000000000    
d Was the hedge superintegrated? .   X   X        
e Was a hedge terminated? .   X   X        
4a Were gross proceeds invested in a GIC? .   X   X   X   X
b Name of provider .  
  		 
  		 
  		 
 
c Term of GIC . .        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? .                
5 Were any gross proceeds invested beyond an available temporary period? .   X   X   X   X
6 Did the bond issue qualify for an exception to rebate? . . .   X   X   X   X
Schedule K (Form 990) 2010

Schedule K (Form 990) 2010
Page 3
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
990 SCHEDULE K PART II COL A (2ND PAGE) CITY OF GAITHERSBURG (MD) - SERIES 2009 B MD BONDS THE DIFFERENCE BETWEEN TOTAL PROCEEDS OF ISSUE $17,878,771 ON LINE 3 IN PART II AND ISSUANCE PRICE $17,884,081 ON LINE A IN PART I IS THE BOND ISSUANCE DISCOUNT OF $5,310.
990 SCHEDULE K PART II COL B (2ND PAGE) CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA) - SERIES 2010 PA BONDS THE DIFFERENCE BETWEEN TOTAL PROCEEDS OF ISSUE $73,542,289 ON LINE 3 IN PART II AND ISSUANCE PRICE $74,630,000 ON LINE A IN PART I IS THE BOND ISSUANCE DISCOUNT OF $1,087,711. IN ADDITION, PROCEEDS USED FOR DEBT SERVICES IS $23,460.
Schedule K (Form 990) 2010

Additional Data


Software ID:  
Software Version:  

Schedule K
(Form 990)
Department of the Treasury
Internal Revenue Service
Supplemental Information on Tax Exempt Bonds
SchKMediumBullet Complete if the organization answered "Yes" to Form 990, Part IV, line 24a. Provide descriptions,
explanations, and any additional information in Schedule O (Form 990).
SchKMediumBullet Attach to Form 990. SchKMediumBullet See separate instructions.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
ASBURY ATLANTIC INC
 
Employer identification number
52-0607956
Part I
Bond Issues
(a) Issuer Name (b) Issuer EIN (c) CUSIP # (d) Date Issued (e) Issue Price (f) Description of Purpose (g) Defeased (h) On
Behalf of
Issuer 		(i) Pool
financing
Yes No Yes No Yes No
A CITY OF GAITHERSBURG (MD)
  		52-6000792 363128BL2 11-30-2006 69,840,388 SERIES 2006A MD BONDS   X   X   X
B CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA)
  		23-6003119 230614CH0 10-27-2006 112,215,000 SERIES 2006A PA BONDS   X   X   X
C CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA)
  		23-6003119 230614CZ0 04-01-2008 16,750,000 SERIES 2008 PA BONDS   X   X   X
D CITY OF GAITHERSBURG (MD)
  		52-6000792 363128BT5 11-20-2009 16,000,000 SERIES 2009A MD BONDS   X   X   X
CITY OF GAITHERSBURG (MD)
  		52-6000792 363128CB3 12-16-2009 17,884,081 SERIES 2009B MD BONDS   X   X   X
CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA)
  		23-6003119 230614FK0 11-10-2010 74,630,000 SERIES 2010 PA BONDS   X   X   X
Part II
Proceeds
A B C D
1 Amount of bonds retired. . . . . 53,540,000 53,540,000 16,750,000  
2 Amount of bonds defeased . . . .        
3 Total proceeds of issue . . . . 69,840,388 112,215,000 16,750,000 16,000,000
4 Gross proceeds in reserve funds . . 6,631,361 6,498,922    
5 Capitalized interest from proceeds.        
6 Proceeds in refunding escrow. . . . . 61,820,726 101,838,478    
7 Issuance costs from proceeds . . . 1,388,301 1,353,518 335,000 320,000
8 Credit enhancement from proceeds. 976,141 976,141 209,381  
9 Working capital expenditures from proceeds . .        
10 Capital expenditures from proceeds . . 8,046,863 8,046,863 16,205,619 15,680,000
11 Other spent proceeds . .        
12 Other unspent proceeds. . .        
13 Year of substantial completion . . . 2008 2008
Yes No Yes No Yes No Yes No
14 Were the bonds issued as part of a current refunding issue? X   X   X   X  
15 Were the bonds issued as part of an advance refunding issue? X   X     X   X
16 Has the final allocation of proceeds been made? . . X   X   X   X  
17 Does the organization maintain adequate books and records to support the final allocation of proceeds? . X   X   X   X  
Part III
Private Business Use
A B C D
Yes No Yes No Yes No Yes No
1 Was the organization a partner in a partnership, or a member of an LLC, which owned property financed by tax-exempt bonds? . . .   X   X   X   X
2 Are there any lease arrangements that may result in private business use of bond-financed property? . . . . .   X   X   X   X
For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50193E
Schedule K (Form 990) 2010
Schedule K (Form 990) 2010
Page 2
Part III
Private Business Use (Continued)
A B C D
Yes No Yes No Yes No Yes No
3a Are there any management or service contracts that may result in private business use?   X   X   X   X
b Are there any research agreements that may result in private business use of bond-financed property? . .   X   X   X   X
c Does the organization routinely engage bond counsel or other outside counsel to review any management or service contracts or research agreements relating to the financed property? . X   X   X   X  
4 Enter the percentage of financed property used in a private business use by entities other than a section 501(c)(3) organization or a state or local government . . . . . . . . . . . . . SchKMediumBullet        
5 Enter the percentage of financed property used in a private business use as a result of unrelated trade or business activity carried on by your organization, another section 501(c)(3) organization, or a state or local government . SchKMediumBullet        
6 Total of lines 4 and 5 . . .. . . . . .        
7 Has the organization adopted management practices and procedures to ensure the post-issuance compliance of its tax-exempt bond liabilities? X   X   X   X  
Part IV
Arbitrage
A B C D
Yes No Yes No Yes No Yes No
1 Has a Form 8038-T, Arbitrage Rebate, Yield Reduction and Penalty in Lieu of Arbitrage Rebate, been filed with respect to the bond issue? . . . X   X   X   X  
2 Is the bond issue a variable rate issue?   X X   X     X
3a Has the organization or the governmental issuer entered into a hedge with respect to the bond issue?   X X     X   X
b Name of provider . KBC BANK
  		KBC BANK
  		 
  		 
 
c Term of hedge . . 2.100000000000 2.100000000000    
d Was the hedge superintegrated? .   X   X        
e Was a hedge terminated? .   X   X        
4a Were gross proceeds invested in a GIC? .   X   X   X   X
b Name of provider .  
  		 
  		 
  		 
 
c Term of GIC . .        
d Was the regulatory safe harbor for establishing the fair market value of the GIC satisfied? .                
5 Were any gross proceeds invested beyond an available temporary period? .   X   X   X   X
6 Did the bond issue qualify for an exception to rebate? . . .   X   X   X   X
Schedule K (Form 990) 2010

Schedule K (Form 990) 2010
Page 3
Part V
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule K (see instructions).
Identifier Return Reference Explanation
990 SCHEDULE K PART II COL A (2ND PAGE) CITY OF GAITHERSBURG (MD) - SERIES 2009 B MD BONDS THE DIFFERENCE BETWEEN TOTAL PROCEEDS OF ISSUE $17,878,771 ON LINE 3 IN PART II AND ISSUANCE PRICE $17,884,081 ON LINE A IN PART I IS THE BOND ISSUANCE DISCOUNT OF $5,310.
990 SCHEDULE K PART II COL B (2ND PAGE) CUMBERLAND COUNTY MUNICIPAL AUTHORITY (PA) - SERIES 2010 PA BONDS THE DIFFERENCE BETWEEN TOTAL PROCEEDS OF ISSUE $73,542,289 ON LINE 3 IN PART II AND ISSUANCE PRICE $74,630,000 ON LINE A IN PART I IS THE BOND ISSUANCE DISCOUNT OF $1,087,711. IN ADDITION, PROCEEDS USED FOR DEBT SERVICES IS $23,460.
Schedule K (Form 990) 2010

Additional Data


Software ID:  
Software Version:  

SCHEDULE O
(Form 990 or 990-EZ)

Department of the Treasury
Internal Revenue Service
Supplemental Information to Form 990 or 990-EZ

Complete to provide information for responses to specific questions on
Form 990 or to provide any additional information.
MediumBullet Attach to Form 990 or 990-EZ.
OMB No. 1545-0047
2010
Open to Public
Inspection
Name of the organization
ASBURY ATLANTIC INC
 
Employer identification number

52-0607956
Identifier Return Reference Explanation
  FORM 990, PART III, LINE 4 ASBURY ATLANTIC CONTRIBUTES TIME, SPACE AND MANPOWER BACK TO THE GREATER COMMUNITY IN WHICH ITS CONTINUING CARE RETIREMENT COMMUNITIES ARE LOCATED. EACH CAMPUS DIVIDES ITS COMMUNITY BENEFIT ACTIVITIES INTO FOUR CATEGORIES: BENEVOLENT CARE, TRAINING THE NEXT GENERATION OF LEADERS FOR SENIOR CARE, SUPPORTING OTHER LOCAL SENIOR SERVICES, AND GOING GREEN AND SUSTAINABLE. ALL OF THE COMMUNITIES PROVIDE CHARITY CARE TO THOSE RESIDENTS WHOSE NEEDS EXCEED THEIR FUNDS, AND NO RESIDENT HAS EVER BEEN ASKED TO LEAVE AN ASBURY ATLANTIC COMMUNITY BECAUSE OF DEPLETED FUNDS THROUGH NO FAULT OF THEIR OWN. HIGHLIGHTS OF THIS YEAR'S COMMUNITY BENEFIT ACCOMPLISHMENTS AT EACH ASBURY ATLANTIC COMMUNITY INCLUDE THE FOLLOWING: ASBURY METHODIST VILLAGE AN ADMINISTRATOR SERVED AS THE PRECEPTOR FOR AN ADMINISTRATOR IN TRAINING THIS YEAR. FROM JANUARY THROUGH JUNE MENTOR SERVICES WERE PROVIDED TO A GEORGETOWN UNIVERSITY STUDENT IN THE HEALTHCARE SERVICES FIELD. ADDITIONALLY, CANDIDATES IN GEORGETOWN UNIVERSITY'S AND GEORGE WASHINGTON UNIVERSITY'S MASTER IN HEALTH SERVICES ADMINISTRATION PROGRAMS VISITED THE CAMPUS FOR SITE VISITS AND A PRESENTATION ON SERVING SENIORS. ASBURY METHODIST VILLAGE SPONSORED THE NATIONAL CAPITAL HEALTHCARE EXECUTIVES CEO ROUNDTABLE WITH GEORGETOWN UNIVERSITY, PARTICIPATED IN A PRE-CONFERENCE PRESENTATION FOR THE AMERICAN ASSOCIATION OF SUICIDOLOGY AND SENT A PRESENTER TO THE INTERNATIONAL COUNCIL ON ACTIVE AGING CONFERENCE. FACILITATED A WORKSHOP ON CLERGY SELF-CARE FOR THE CHRISTIAN CHURCH CAPITAL AREA AND PARTICIPATED IN AN EDUCATIONAL SEMINAR FOR CHURCH MINISTRY FOR THE D.C. BAPTIST CONVENTION - SENIOR MINISTRIES. THE CAMPUS HOSTED A WORKSHOP FOR SPIRITUAL LEADERS, COUNSELORS AND THERAPISTS. INTERNSHIPS WERE PROVIDED FOR HOWARD UNIVERSITY'S SCHOOL OF DIVINITY AND LOYOLA UNIVERSITY OF MARYLAND. PROVIDED TRAINING, ROOM SPACE FOR EDUCATORS AND SERVED AS A TESTING SITE FOR MONTGOMERY COLLEGE'S CERTIFIED NURSING ASSISTANT, GERIATRIC NURSING ASSISTANT AND CERTIFIED MEDICINE AID PROGRAMS. IN AUGUST, THE CAMPUS PROVIDED CLINICAL CLASSROOM SPACE FOR MONTGOMERY COLLEGE'S CONTINUING EDUCATION PROGRAM FOR REGISTERED NURSES. THROUGHOUT THE YEAR, ASBURY METHODIST VILLAGE SERVED AS A REGIONAL TESTING SITE FOR MARYLAND'S GERIATRIC NURSING ASSISTANT ASSESSMENT. COLLABORATED WITH THE AMERICAN HEALTH ASSISTANCE FOUNDATION TO CREATE A PUBLIC SERVICE ANNOUNCEMENT ON ALZHEIMER'S DISEASE AND TO PRESENT A FREE EDUCATIONAL PROGRAM ON HEALTHY AGING. PARTICIPATED IN A FUNDRAISER FOR THE ALZHEIMER'S ASSOCIATION, RAISED FUNDS FOR THE WALK TO END ALZHEIMER'S, AND HELD A MEMORY AND BLOOD PRESSURE SCREENING EVENT FOR SURROUNDING COMMUNITIES ON CAMPUS. RAISED FUNDS FOR THE MANNA FOOD BANK , THE GAITHERSBURG SOCIAL SERVICES DEPARTMENT'S ADOPT A FAMILY PROGRAM AND COLLABORATED WITH SODEXO SENIOR SERVICES TO COLLECT 4,000 POUNDS OF FOOD FOR THE STOP HUNGER CAMPAIGN. PARTNERED WITH THE BLACKROCK CENTER FOR ARTS CULMINATED IN THE CREATION OF THE ARTS FOR LIFE AND LEARNING PROGRAM, WHICH OFFERS WORKSHOPS ON CREATIVE MOVEMENT, PAINTING, AND DRAMA TO THOSE OVER 50. PROVIDED SPACE FOR MORE THAN 25 LOCAL ORGANIZATIONS TO HOLD MEETINGS AND DONATED GOODIE BAGS TO THE STEPPING STONES CHILDREN'S SHELTER. PARTNERED WITH LOCAL HOSPITALS TO PROVIDE FREE DIABETES EDUCATION, SENIOR FIT CLASSES AND TWO LIVING WELL SIX-WEEK WORKSHOPS OPEN TO THE WIDER COMMUNITY. BETHANY VILLAGE PROVIDED CLINICAL PASTORAL EDUCATION TRAINING. BETHANY VILLAGE OAKS SKILLED CARE FACILITY SERVED AS A TRAINING SITE FOR STUDENTS IN THE CUMBERLAND-PERRY VOCATIONAL TECHNICAL SCHOOL'S CERTIFIED NURSING ASSISTANT PROGRAM. TRAINING SITE FOR HARRISBURG AREA COMMUNITY COLLEGE CERTIFIED NURSING ASSISTANT AND GERIATRIC NURSING PROGRAMS. CAMPUS STAFF PROVIDED HOUSING AND WORKED WITH INTERNS IN THE MASTER'S IN HEALTHCARE ADMINISTRATION PROGRAMS AT GEORGE WASHINGTON UNIVERSITY AND GEORGETOWN UNIVERSITY. IN ADDITION, BETHANY VILLAGE PROVIDED INTERNSHIP OPPORTUNITIES WITH MESSIAH COLLEGE IN THE AREAS OF ASSISTED LIVING, SKILLED CARE AND SOCIAL WORK. FURTHER, BETHANY VILLAGE'S WELLNESS DIRECTOR SPOKE TO MESSIAH COLLEGE STUDENTS IN A SEMINAR CLASS ABOUT WORKING WITH SENIOR CITIZENS. BETHANY VILLAGE CONTINUED ITS COMMITMENT TO THOSE AFFECTED BY ALZHEIMER'S DISEASE BY HOSTING MONTHLY SUPPORT GROUPS FOR FAMILY MEMBERS OF THOSE WITH ALZHEIMER'S AND RAISING MORE THAN $4,800 FOR THE ALZHEIMER'S ASSOCIATION MEMORY WALK. SPONSORED A BLOOD DRIVE FOR THE CENTRAL PENNSYLVANIA BLOOD BANK, ASSISTED WITH THE UNITED WAY DAY OF CARING, VOLUNTEERED AT REACH HOMELESS SHELTER AND COLLECTED OVER 600 POUNDS OF FOOD FOR NEW HOPE MINISTRIES. ORGANIZED A CLASS TO HELP SOMALI REFUGEES LEARN ENGLISH AND HOSTED AND DONATED HELP AND SPACE FOR AN AFTER-SCHOOL TUTORING PROGRAM FOR THE SOMALI COMMUNITY IN CENTRAL PENNSYLVANIA. DONATED WALKERS, WHEELCHAIRS, AND MOTORIZED SCOOTERS TO THE UNITED CEREBRAL PALSY CHANGING HANDS PROGRAM AND OVER 20 BAGS OF CLOTHING WERE DONATED TO VOLUNTEERS OF AMERICA FOR AREA THRIFT STORES. DONATED ROOM SPACE TO SEVERAL AREA COMMUNITY GROUPS INCLUDING THE MECHANICSBURG ROTARY CLUB, WEST SHORE CHAMBER OF COMMERCE AND THE OYSTER MILL PLAYHOUSE. HELD A GREEN FAIR WHERE BETHANY VENDORS DISPLAYED THEIR COMPANIE'S INVOLVEMENT WITH "GOING GREEN" TO THE SURROUNDING COMMUNITY AND RESIDENTS. EPWORTH MANOR PROVIDED ON-SITE CARING FOR THE ELDERLY TRAINING TO STUDENTS FROM THE TYRONE AREA HIGH SCHOOL HEALTH TECH TRAINING PROGRAM PROVIDED SUPERVISION OF A STUDENT EXPLORING ELDER CARE CAREERS THROUGH THE CAREERLINK SUMMER YOUTH PROGRAM OF BLAIR COUNTY FROM JUNE THROUGH AUGUST. RAISED $960 FOR THE ALZHEIMER'S ASSOCIATION MEMORY WALK AND HOSTED THREE CLASSES IN APRIL, AUGUST AND NOVEMBER FOR THE SENIORS FOR SAFE DRIVING PROGRAM. AN EPWORTH MANOR ASSOCIATE PROVIDED CPR TRAINING TO THE STAFF OF TWO AREA PHYSICIANS. DONATED WHITE PLASTIC BAGS FOR USE AS GOODIE BAGS TO THE CHILDREN'S MIRACLE NETWORK . FOOD DRIVE WAS HELD TO BENEFIT THE TYRONE AREA FOOD BANK AND GIFTS WERE COLLECTED FOR THE SALVATION ARMY CHILDRENS CHRISTMAS GIFT PROJECT. HOSTED SPRING SIGN-UPS FOR THE TYRONE YOUTH BASEBALL ASSOCIATION. SPRINGHILL PROVIDED SUPERVISION FOR SPEECH THERAPY INTERNS FROM EDINBORO UNIVERSITY, PHYSICAL THERAPY INTERNS FROM GANNON UNIVERSITY AND MERCYHURST COLLEGE, AND SERVED AS A CLINICAL TRAINING SITE FOR NURSE AIDES WITH HEALTHCARE VENTURES ALLIANCE. MARKETING STAFF PROVIDED A PROJECT FOR FOUR STUDENTS IN MERCYHURST COLLEGE'S MARKETING COMMUNICATION AND STRATEGIES CLASS. PROVIDED 195 HOURS OF SUPERVISION FOR A STUDENT IN PENN STATE UNIVERSITY'S KINESIOLOGY NURSING PROGRAM, AND AN EDUCATIONAL SESSION WAS HELD FOR 22 NURSING DIRECTORS FROM THE REGION IN FEBRUARY. THE COMMUNITY RAISED OVER $7,000 FOR THE ALZHEIMER'S ASSOCIATION MEMORY WALK AND OVER $1,000 FOR THE LEUKEMIA & LYMPHOMA SOCIETY'S LIGHT THE NIGHT WALK. HOSTED SUPPORT GROUPS FOR FAMILY MEMBERS OF THOSE WITH ALZHEIMER'S AND NEUROPATHY AND DONATED ROOM SPACE FOR A 55 ALIVE CLASS FOR THE AMERICAN ASSOCIATION OF RETIRED PERSONS (AARP). STAFF MEMBER SERVED ON THE EXECUTIVE COMMITTEE AND BOARD OF DIRECTORS FOR THE ERIE CENTER ON HEALTH AND AGING. CONTRIBUTIONS TO THE LOCAL ENVIRONMENT INCLUDED RECYCLING DRIVES DURING THE SPRING MONTHS AND CONTINUED SPONSORSHIP AND CLEANUP EFFORTS ON A TWO-MILE STRETCH OF HIGHWAY THROUGH THE ADOPT-A-HIGHWAY PROGRAM. ASSOCIATES SERVED AS VOLUNTEERS FOR SEVERAL COMMUNITY INITIATIVES INCLUDING THE SECOND HARVEST FOOD BANK, THE ERIE COMMUNITY CULTURAL ARTS THEATRE, AND AN AUCTION TO SUPPORT THE LOCAL PUBLIC BROADCASTING TELEVISION STATION.
FORM 990, PART VI, SECTION A, LINE 1   THE EXECUTIVE COMMITTEE OF THE BOARD OF DIRECTORS CAN ACT IN PLACE OF THE BOARD BETWEEN MEETINGS. ALL MEMBERS OF THE EXECUTIVE COMMITTEE ARE MEMBERS OF THE BOARD OF DIRECTORS.
FORM 990, PART VI, SECTION A, LINE 1   WE REPORTED 11 INDEPENDENT VOTING MEMBERS OF THE GOVERNING BODY. THE NON-INDEPENDENT BOARD MEMBERS CONSIST OF ONE EMPLOYEE OF ASBURY, ONE RESIDENT OF BETHANY VILLAGE, ONE RESIDENT OF SOLOMONS, AND ONE RESIDENT OF ASBURY METHODIST VILLAGE.
FORM 990, PART VI, SECTION A, LINE 6   ASBURY ATLANTIC HAS ONE MEMBER. THE SOLE MEMBER IS ASBURY COMMUNITIES, INC.
FORM 990, PART VI, SECTION A, LINE 7A   ASBURY COMMUNITIES, INC IS THE SOLE MEMBER OF ASBURY ATLANTIC AND ELECTS THE GOVERNING BODY.
FORM 990, PART VI, SECTION A, LINE 7B   ONLY CERTAIN DECISIONS OF THE GOVERNING BODY ARE SUBJECT TO ASBURY COMMUNITY INC'S APPROVAL. THESE DECISIONS INCLUDE: (1) MANAGEMENT SERVICES RELATIONSHIPS AND CONTRACTS; (2) ANY ORGANIZATIONAL CHANGE IN GENERAL, INCLUDING MERGERS, SALES, LEASES, ETC, OF SUBSTANTIALLY ALL OF THE ASSETS AND THE CREATION OF NEW ENTITIES; (3) AMENDMENTS TO MISSION OR VISION STATEMENTS; (4) AMENDMENTS TO THE ARTICLES OF INCORPORATION OR BYLAWS.
FORM 990, PART VI, SECTION B, LINE 11   ASBURY COMMUNITIES IS THE SOLE MEMBER OF ASBURY ATLANTIC, ASBURY SOLOMONS, INC AND INVERNESS VILLAGE, AN OKLAHOMA NOT FOR PROFIT CORPORATION. ASBURY COMMUNITIES HAS A SYSTEM WIDE AUDIT COMMITTEE. THE ASBURY ATLANTIC BOARD OF DIRECTORS HAS DELEGATED A REVIEW OF THE FORM 990 TO THE SYSTEM AUDIT COMMITTEE. A COPY OF THE FORM 990 WILL BE MAILED TO COMMITTEE MEMBERS PRIOR TO MEETING. IN ADDITION, THE FORM HAS BEEN POSTED ON THE ASBURY ATLANTIC BOARD OF DIRECTORS' INTRANET SITE, AND IS AVAILABLE FOR REVIEW BY ALL DIRECTORS. ALL DIRECTORS MAY POSE QUESTIONS OR ASK FOR CLARIFICATION FROM THE STAFF AUDIT COMMITTEE. ANY BOARD MEMBER INTEREST IN ATTENDING HTE AUDIT COMMITTEE MEETING VIA TELECONFERENCE IS INVITED TO DO SO AND WILL BE PROVIDED A DIAL-IN NUMBER.
  FORM 990, PART VI, SECTION B, LINE 12C THE ASBURY COMMUNITIES CONFLICT OF INTEREST POLICY WAS APPROVED BY THE BOARD OF DIRECTORS. THE COMPLIANCE OFFICER IS GENERALLY RESPONSIBLE FOR THE POLICY PROCESS. ALL THE ENTITIES WITHIN THE ASBURY COMMUNITIES GROUP ARE SUBJECT TO THE POLICY. ANNUALLY, THE COMPLIANCE OFFICER CONDUCTS A COMPREHENSIVE CONFLICT DISCLOSURE PROCESS COVERING ALL MEMBERS OF THE GOVERNING BOARDS, SYSTEM WIDE COMMITTEES, AND INDIVIDUALS IN MANAGEMENT POSITIONS. ANNUALLY, EACH MEMBER OF THE GOVERNING BODY COMPLETES A DETAILED QUESTIONNAIRE DESIGNED TO IDENTIFY ANY ACTUAL OR POTENTIAL CONFLICTS OF INTEREST. A FULL REPORT OF RESPONSES TO THIS QUESTIONNAIRE IS REVIEWED BY THE COMPLIANCE OFFICER AND PROVIDED TO THE AUDIT COMMITTEE. IN CASE CONFLICT OF INTEREST ARISE, THE MEMBER OF GOVERNING BODY WILL BE ASKED TO RESIGN FROM THE ORGANIZATION.
  FORM 990, PART VI, SECTION B, LINE 15 THE SYSTEM WIDE COMPENSATION COMMITTEE MEETS WITH THE INDEPENDENT COMPENSATION CONSULTANT, AND BASED ON INFORMATION PROVIDED TO THE COMMITTEE MAKES RECOMMENDATIONS REGARDING COMPENSATION AND BENEFITS TO THE EXECUTIVE COMMITTEE WHICH IS CHARGED WITH MAKING DECISIONS REGARDING COMPENSATION. THE FULL BOARD(S) OF ASBURY COMMUNITIES AND ASBURY ATLANTIC EACH HAVE A PRESENTATION ONCE EACH YEAR ON EXECUTIVE COMPENSATION AND BENEFITS. THE CHIEF PEOPLE OFFICER IS PRESENT TO GIVE BOARD MEMBERS AN OPPORTUNITY TO ASK QUESTIONS AND TO PROVIDE SALARIES AND GRADE LEVELS FOR THEIR REVIEW. THE SYSTEM WIDE COMPENSATION COMMITTEE IS COMPOSED OF 5 VOTING MEMBERS, THE CHIEF PEOPLE OFFICER (NON-VOTING), A RETAINED ATTORNEY (NON-VOTING; RECORDS PROCEEDINGS IN MINUTES), AND IS ADVISED BY TOWER WATSON (A COMPENSATION CONSULTING FIRM). THE SYSTEM WIDE COMPENSATION COMMITTEE HOLDS 4 MEETINGS EACH YEAR (JAN, MARCH, JULY, AND NOV). IN THE NOVEMBER MEETING THEY REVIEW TOWER WATSON DATA AND REPORTS IN ORDER TO MAKE RECOMMENDATIONS REGARDING SALARIES AND BENEFITS. THE EXECUTIVE COMMITTEE OF ASBURY COMMUNITIES ULTIMATELY REVIEWS/APPROVES/ AND OR ADJUSTS RECOMMENDATIONS FROM THE SYSTEM WIDE COMPENSATION COMMITTEE AND SETS COMPENSATION.
  FORM 990, PART VI, SECTION C, LINE 19 THE GOVERNING DOCUMENTS ARE AVAILABLE IN THE RESIDENT LIBRARIES. THE CONFLICT OF INTEREST POLICY IS AVAILABLE UPON REQUEST. THE AUDITED FINANCIAL STATEMENTS ARE AVAILABLE FOR PUBLIC VIEWING ON OUR WEBSITE.
  FORM 990, PART VII, SECTION A THE OFFICERS THAT HAVE COMPENSATION FROM RELATED ORGANIZATIONS REPORTED IN PART VII, SECTION A, COLUMN E OF THE FORM 990 PROVIDE EXECUTIVE MANAGEMENT SUPPORT AND OVERALL GUIDANCE TO ASBURY ATLANTIC, INC. AS WELL AS THE OTHER RELATED ORGANIZATIONS OF ASBURY COMMUNITIES, INC. THERE ARE OVER 1,900 TOTAL EMPLOYEES IN THE ASBURY COMMUNITIES, INC. SYSTEM. THE 2010 CONSOLIDATED AUDITED FINANCIAL STATEMENTS FOR ASBURY COMMUNITIES, INC. HAD TOTAL REVENUES OF $162.1 MILLION AND TOTAL ASSETS IN EXCESS OF $500 MILLION.
CHANGES IN NET ASSETS OR FUND BALANCES: FORM 990, PART XI, LINE 5: NET UNREALIZED GAINS ON INVESTMENTS: 873,174. TRANSFER FROM ASBURY FOUNDATION 576,118. TRANSFER FROM ASBURY COMMUNITIES -2,060,000. NET UNREALIZED GAIN ON DERIVATIVE INSTRUMENTS -2,503,773. CHANGE IN BENEFICIAL INTEREST OF FOUNDATION 1,556,405. CHANGE IN VALUE OF DFERRED GIVING -110,075. LOSS ON ADVANCED BOND FUNDING -4,885,744. LOSS ON SALE OF ASSETS -1,293,130. UNRELATED BUSINESS LOSS 52,300. TOTAL TO FORM 990, PART XI, LINE 5: -7,794,725.
  FORM 990, PART XI, LINE 2C THE ORGANIZATION HAS NOT MADE ANY CHANGES TO ITS OVERSIGHT OR SELECTION PROCESS FROM THE PRIOR YEAR.
SCHEDULE K - ALLOCATION OF TOTAL PROCEEDS OF ISSUE (SERIES 2009B MD BONDS) FORM 990, SCHEDULE K, PART II THE PROCEEDS OF THE SERIES 2009B MD BONDS (CUSIP #363128CB3) ISSUED BY THE CITY OF GAITHERSBURG (MD) WERE ALLOCATED BETWEEN 2 ENTITIES: ASBURY ATLANTIC, INC. (EIN 52-0607956) AND ASBURY SOLOMONS, INC. (EIN 52-1862675). THE TOTAL PROCEEDS FROM THE ISSUE OF THE SERIES 2009B MD BONDS IS $43,806,989 (NET OF ISSUANCE DISCOUNT OF $13,011) AND IS ALLOCATED AS FOLLOWS: ASBURY ATLANTIC, INC. $17,878,771 ASBURY SOLOMONS, INC. $25,928,218
REASON FOR AMENDING RETURN: 990 PAGE 1 BOX B AMENDING THE RETURN TO PROVIDE UPDATED INFORMATION ON SCH K PART I AND PART II ALSO DETAILED SUPPLEMENTAL INFORMATION IN PART V WHICH WAS INADVERTENTLY OMITTED FROM ORIGINAL FILING.
For Paperwork Reduction Act Notice, see the Instructions for Form 990 or 990-EZ.
Cat. No. 51056K
Schedule O (Form 990 or 990-EZ) 2010

Additional Data


Software ID:  
Software Version:  
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
MediumBulletComplete if the organization answered "Yes" to Form 990, Part IV, line 33, 34, 35, 36, or 37.
MediumBulletAttach to Form 990. MediumBullet See separate instructions.

OMB No. 1545-0047
2010
Open to Public Inspection
Name of the organization
ASBURY ATLANTIC INC
 
Employer identification number

52-0607956
Part I
Identification of Disregarded Entities (Complete if the organization answered "Yes" on Form 990, Part IV, line 33.)
(a)
Name, address, and EIN of disregarded entity


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Total income
(e)
End-of-year assets


 		(f)
Direct controlling
entity

















Part II
Identification of Related Tax-Exempt Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.)
(a)
Name, address, and EIN of related organization


(b)
Primary activity


 		(c)
Legal domicile (state
or foreign country)

 		(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))

 		(f)
Direct controlling
entity

 		(g)
Section 512(b)(13) controlled organization
Yes No
(1) ASBURY COMMUNITIES INC

20030 CENTURY BLVD

GERMANTOWN,MD20874
52-1862677 		MANAGEMENT SERVICES MD 501(C)(3) 11 N/A
 
No
(2) ASBURY FOUNDATION INC

20030 CENTURY BLVD SUITE 300

GERMANTOWN,MD20874
52-1862674 		RAISING FUNDS FOR CHARITY CARE MD 501(C)(3) 11 N/A
 
No










For Privacy Act and Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 2
Part III
Identification of Related Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.)
(a)
Name, address, and EIN of
related organization



 		(b)
Primary activity




 		(c)
Legal
domicile
(state or foreign
country)


 		(d)
Direct controlling
entity



 		(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)

(f)
Share of total income




 		(g)
Share of end-of-year
assets



 		(h)
Disproprtionate allocations?




 		(i)
Code V—UBI
amount in box 20 of
Schedule K-1
(Form 1065)
 		(j)
General or
managing
partner?



 		(k)
Percentage
ownership
Yes No Yes No












Part IV
Identification of Related Organizations Taxable as a Corporation or Trust (Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.)
(a)
Name, address, and EIN of related organization



 		(b)
Primary activity



 		(c)
Legal domicile
(state or
foreign
country)
 		(d)
Direct controlling
entity


 		(e)
Type of entity
(C corp, S corp,
or trust)

 		(f)
Share of total income



 		(g)
Share of
end-of-year
assets

 		(h)
Percentage
ownership












Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 3
Part V
Transactions With Related Organizations (Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35, 35A, or 36.)
Note. Complete line 1 if any entity is listed in Parts II, III or IV.
Yes
No
1 During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a Receipt of (i) interest (ii) annuities (iii) royalties (iv) rent from a controlled entity . . . . . . . . . . . . . . . . . . . . . . .
1a
 
No
b Gift, grant, or capital contribution to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1b
 
No
c Gift, grant, or capital contribution from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1c
 
No
d Loans or loan guarantees to or for other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1d
Yes
 
e Loans or loan guarantees by other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1e
 
No
f Sale of assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1f
 
No
g Purchase of assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1g
 
No
h Exchange of assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1h
 
No
i Lease of facilities, equipment, or other assets to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1i
 
No
j Lease of facilities, equipment, or other assets from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . .
1j
 
No
k Performance of services or membership or fundraising solicitations for other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1k
 
No
l Performance of services or membership or fundraising solicitations by other organization(s) . . . . . . . . . . . . . . . . . . . . . .
1l
Yes
 
m Sharing of facilities, equipment, mailing lists, or other assets . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1m
 
No
n Sharing of paid employees . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1n
 
No
o Reimbursement paid to other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1o
Yes
 
p Reimbursement paid by other organization for expenses . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1p
 
No
q Other transfer of cash or property to other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1q
Yes
 
r Other transfer of cash or property from other organization(s) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .
1r
 
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of other organization 		(b)
Transaction
type(a-r) 		(c)
Amount involved 		(d)
Method of determining amount involved
(1)
(2)
(3)
(4)
(5)
(6)
Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 4
Part VI
Unrelated Organizations Taxable as a Partnership (Complete if the organization answered "Yes" on Form 990, Part IV, line 37.)
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity 		(b)
Primary activity 		(c)
Legal domicile
(state or foreign
country) 		(d)
Are all
partners
section
501(c)(3)
organizations? 		(e)
Share of
end-of-year
assets 		(f)
Disproprtionate allocations? 		(g)
Code V—UBI
amount in box
20 of Schedule K-1
(Form 1065) 		(h)
General or
managing
partner?
Yes No Yes No Yes No






























Schedule R (Form 990) 2010
Schedule R (Form 990) 2010
Page 5
Part VII
Supplemental Information
Complete this part to provide additional information for responses to questions on Schedule R (see instructions).
Identifier Return Reference Explanation
Additional Data


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