Attach to Form 990 or Form 990-EZ.
Go to
www.irs.gov/Form990 for instructions and the latest information.
| (i) Name of supported organization | (ii) EIN | (iii) Type of organization (described on lines 1- 10 above (see instructions)) | (iv) Is the organization listed in your governing document? | (v) Amount of monetary support (see instructions) | (vi) Amount of other support (see instructions) | |
|---|---|---|---|---|---|---|
| Yes | No | |||||
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Total |
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Calendar year
(or fiscal year beginning in)
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(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grant.") .. | ||||||
| 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. | ||||||
Calendar year
(or fiscal year beginning in)
![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (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. Do not include gain or loss from the sale of capital assets (Explain in Part VI.).. | ||||||
| 11 | Total support. Add lines 7 through 10 | ||||||
Calendar year (or fiscal
year beginning in) ![]() |
(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 1 | Gifts, grants, contributions, and membership fees received. (Do not include any "unusual grants.") . | 3,462,526 | 6,457,360 | 4,470,640 | 4,344,375 | 4,902,705 | 23,637,606 |
| 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 | 55,177,952 | 53,960,685 | 60,438,867 | 67,411,272 | 71,826,355 | 308,815,131 |
| 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 | 58,640,478 | 60,418,045 | 64,909,507 | 71,755,647 | 76,729,060 | 332,452,737 |
| 7a | Amounts included on lines 1, 2, and 3 received from disqualified persons | 13,815 | 36,725 | 12,082 | 21,152 | 10,875 | 94,649 |
| 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.. | 13,815 | 36,725 | 12,082 | 21,152 | 10,875 | 94,649 |
| 8 | Public support. (Subtract line 7c from line 6.) | 332,358,088 | |||||
Calendar year
(or fiscal year beginning in)
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(a) 2020 | (b) 2021 | (c) 2022 | (d) 2023 | (e) 2024 | (f) Total | |
|---|---|---|---|---|---|---|---|
| 9 | Amounts from line 6... | 58,640,478 | 60,418,045 | 64,909,507 | 71,755,647 | 76,729,060 | 332,452,737 |
| 10a | Gross income from interest, dividends, payments received on securities loans, rents, royalties and income from similar sources.. | 914,287 | 908,140 | 446,644 | 984,998 | 1,110,977 | 4,365,046 |
| b | Unrelated business taxable income (less section 511 taxes) from businesses acquired after June 30, 1975. | ||||||
| c | Add lines 10a and 10b. | 914,287 | 908,140 | 446,644 | 984,998 | 1,110,977 | 4,365,046 |
| 11 | Net income from unrelated business activities not included on 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 VI.) .. | ||||||
| 13 | Total support. (Add lines 9, 10c, 11, and 12.).. | 59,554,765 | 61,326,185 | 65,356,151 | 72,740,645 | 77,840,037 | 336,817,783 |
| Section A - Adjusted Net Income | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Net short-term capital gain | 1 | ||||
| 2 | Recoveries of prior-year distributions | 2 | ||||
| 3 | Other gross income (see instructions) | 3 | ||||
| 4 | Add lines 1 through 3 | 4 | ||||
| 5 | Depreciation and depletion | 5 | ||||
| 6 | Portion of operating expenses paid or incurred for production or collection of gross income or for management, conservation, or maintenance of property held for production of income (see instructions) | 6 | ||||
| 7 | Other expenses (see instructions) | 7 | ||||
| 8 | Adjusted Net Income (subtract lines 5, 6 and 7 from line 4) | 8 | ||||
| Section B - Minimum Asset Amount | (A) Prior Year |
(B) Current Year (optional) |
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| 1 | Aggregate fair market value of all non-exempt-use assets (see instructions for short tax year or assets held for part of year): | 1 | ||||
| a | Average monthly value of securities | 1a | ||||
| b | Average monthly cash balances | 1b | ||||
| c | Fair market value of other non-exempt-use assets | 1c | ||||
| d | Total (add lines 1a, 1b, and 1c) | 1d | ||||
| e |
Discount claimed for blockage or other factors (explain in detail in Part VI): |
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| 2 | Acquisition indebtedness applicable to non-exempt use assets | 2 | ||||
| 3 | Subtract line 2 from line 1d | 3 | ||||
| 4 | Cash deemed held for exempt use. Enter 0.015 of line 3 (for greater amount, see instructions). | 4 | ||||
| 5 | Net value of non-exempt-use assets (subtract line 4 from line 3) | 5 | ||||
| 6 | Multiply line 5 by 0.035 | 6 | ||||
| 7 | Recoveries of prior-year distributions | 7 | ||||
| 8 | Minimum Asset Amount (add line 7 to line 6) | 8 | ||||
| Section C - Distributable Amount | Current Year | |||||
| 1 | Adjusted net income for prior year (from Section A, line 8, Column A) | 1 | ||||
| 2 | Enter 85% of line 1 | 2 | ||||
| 3 | Minimum asset amount for prior year (from Section B, line 8, Column A) | 3 | ||||
| 4 | Enter greater of line 2 or line 3 | 4 | ||||
| 5 | Income tax imposed in prior year | 5 | ||||
| 6 | Distributable Amount. Subtract line 5 from line 4, unless subject to emergency temporary reduction (see instructions) | 6 | ||||
| Section D - Distributions | Current Year | |
|---|---|---|
| 1 Amounts paid to supported organizations to accomplish exempt purposes | 1 | |
|
2
Amounts paid to perform activity that directly furthers exempt purposes of supported organizations, in excess of income from activity |
2 | |
| 3 Administrative expenses paid to accomplish exempt purposes of supported organizations | 3 | |
| 4 Amounts paid to acquire exempt-use assets | 4 | |
| 5 Qualified set-aside amounts (prior IRS approval required - provide details in Part VI) | 5 | |
| 6 Other distributions (describe in Part VI). See instructions | 6 | |
| 7Total annual distributions. Add lines 1 through 6. | 7 | |
|
8
Distributions to attentive supported organizations to which the organization is responsive (provide details in Part VI). See instructions |
8 | |
| 9 Distributable amount for 2024 from Section C, line 6 | 9 | |
| 10 Line 8 amount divided by Line 9 amount | 10 | |
| Section E - Distribution Allocations (see instructions) |
(i) Excess Distributions |
(ii) Underdistributions Pre-2024 |
(iii) Distributable Amount for 2024 |
|
|---|---|---|---|---|
| 1 Distributable amount for 2024 from Section C, line 6 | ||||
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2
Underdistributions, if any, for years prior to 2024 (reasonable cause required-- explain in Part VI).
See instructions. |
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| 3 Excess distributions carryover, if any, to 2024: | ||||
| a From 2019....... | ||||
| b From 2020....... | ||||
| c From 2021....... | ||||
| d From 2022....... | ||||
| e From 2023....... | ||||
| fTotal of lines 3a through e | ||||
| g Applied to underdistributions of prior years | ||||
| h Applied to 2024 distributable amount | ||||
|
i
Carryover from 2019 not applied (see instructions) |
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| j Remainder. Subtract lines 3g, 3h, and 3i from line 3f. | ||||
| 4Distributions for 2024 from Section D, line 7: | ||||
| $ | ||||
| a Applied to underdistributions of prior years | ||||
| b Applied to 2024 distributable amount | ||||
| c Remainder. Subtract lines 4a and 4b from line 4. | ||||
|
5
Remaining underdistributions for years prior to 2024, if any. Subtract lines 3g and 4a from line 2. If the amount is greater than zero, explain in Part VI. See instructions. |
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6
Remaining underdistributions for 2024. Subtract lines 3h and 4b from line 1. If the amount is greater than zero, explain in Part VI. See instructions. |
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7 Excess distributions carryover to 2025. Add lines 3j and 4c. |
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| 8 Breakdown of line 7: | ||||
| a Excess from 2020..... | ||||
| b Excess from 2021..... | ||||
| c Excess from 2022..... | ||||
| d Excess from 2023..... | ||||
| e Excess from 2024..... | ||||
| Facts And Circumstances Test |
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| Return Reference | Explanation |
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| Software ID: | |
| Software Version: |
| Return Reference | Explanation |
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| FORM 990, PART III, LINE 3 | IN MARCH 2024, ALBRIGHT ENTERED INTO AN ASSET PURCHASE AGREEMENT TO SELL THE RIVERWOODS SKILLING NURSING FACILITY (THE FACILITY) TO 3201 RIVER ROAD LLC, A DELAWARE LIMITED LIABILITY COMPANY (THE BUYER). THE SALE CLOSED ON DECEMBER 5, 2024. |
| FORM 990, PART III, LINE 4 | I. ORGANIZATION OVERVIEW ALBRIGHT CARE SERVICES, A 501(C)(3) NOT-FOR-PROFIT PENNSYLVANIA CORPORATION, IS THE OWNER AND OPERATOR OF THE FOLLOWING SENIOR LIVING AND HEALTH CARE COMMUNITIES IN PENNSYLVANIA: -NORMANDIE RIDGE (YORK) -RIVERWOODS (LEWISBURG) -WARRIOR RUN MANOR (WATSONTOWN) -ALBRIGHT LIFE (LIVING INDEPENDENCE FOR THE ELDERLY), A PACE PROGRAM ALBRIGHT CARE SERVICES IS THE LEGAL ENTITY RESPONSIBLE FOR PROVIDING RESIDENTIAL AND HEALTH SERVICES TO INDIVIDUALS AT THESE LOCATIONS. WARRIOR RUN MANOR INCLUDES 75 HUD-SUBSIDIZED SENIOR HOUSING APARTMENTS. IN 2019, ALBRIGHT CARE SERVICES AFFILIATED WITH ASBURY COMMUNITIES, INC., A NOT-FOR-PROFIT MARYLAND CORPORATION, IS THE SOLE MEMBER AND SUPPORTING ORGANIZATION OF ASBURY ATLANTIC. ASBURY COMMUNITIES PROVIDES SYSTEMWIDE ADMINISTRATIVE, OPERATIONAL, AND STRATEGIC SUPPORT FOR A NETWORK OF NOT-FOR-PROFIT SENIOR LIVING AND HEALTH SERVICE PROVIDERS. BOTH ALBRIGHT AND ASBURY SHARE A FAITH-BASED HERITAGE AND LONG-STANDING COMMITMENT TO SERVING OLDER ADULTS WITH INTEGRITY, TRANSPARENCY, AND COMPASSION. ASBURY WAS ORIGINALLY FOUNDED IN 1926; ALBRIGHT'S ROOTS DATE BACK TO 1916 AS THE UNITED EVANGELICAL HOME. TODAY, THESE ORGANIZATIONS OPERATE WITH A SHARED MISSION TO ENHANCE THE LIVES OF THOSE THEY SERVE AND STRENGTHEN COMMUNITY PARTNERSHIPS. II. PROGRAM SERVICES PROVIDED SECTION A. BENEVOLENT CARE BENEVOLENT CARE IS FINANCIAL SUPPORT PROVIDED TO ELIGIBLE RESIDENTS WHO HAVE EXHAUSTED THEIR FINANCIAL RESOURCES THROUGH NO FAULT OF THEIR OWN AND MEET THE APPROVAL CRITERIA. THIS ASSISTANCE HELPS COVER PARTIAL MONTHLY SERVICE FEES, CERTAIN ANCILLARY EXPENSES, AND CERTAIN THIRD-PARTY COSTS. IN 2024, MORE THAN $7.0 MILLION IN ANNUAL FUNDS AND UNRESTRICTED GIFTS WERE CONTRIBUTED TO SUPPORT RESIDENTS, INCLUDING THOSE WHO HAVE OUTLIVED THEIR RESOURCES. IN 2024, BENEVOLENT CARE SUPPORT WAS PROVIDED FOR 70 RESIDENTS ACROSS ASBURY'S CONTINUING CARE RETIREMENT COMMUNITIES: -ASBURY METHODIST VILLAGE $1,598,855 -ASBURY SOLOMONS $332,913 -BETHANY VILLAGE $963,381 -NORMANDIE RIDGE $477,315 -RIVERWOODS $158,979 -SPRINGHILL $191,277 TOTAL: $3,722,720 SECTION B. UNREIMBURSED MEDICAL SERVICES UNREIMBURSED MEDICAL SERVICES REPRESENT THE COST OF CARE DELIVERED IN SKILLED NURSING CENTERS THAT EXCEED REIMBURSEMENT PROVIDED BY MEDICAID AND OTHER GOVERNMENT PAYORS. THESE UNREIMBURSED COSTS REFLECT THE ORGANIZATION'S COMMITMENT TO QUALITY CARE REGARDLESS OF A RESIDENT'S ABILITY TO PAY. UNREIMBURSED CARE COSTS FOR 2024 INCLUDE: -ASBURY METHODIST VILLAGE $2,506,365 -ASBURY SOLOMONS $588,027 -BETHANY VILLAGE $582,128 -NORMANDIE RIDGE $868,236 -RIVERWOODS $2,968,367 -SPRINGHILL $735,967 TOTAL: $8,249,090 SECTION C. COMMUNITY BENEFIT ALBRIGHT CARE SERVICES AND ASBURY COMMUNITIES ARE ENHANCING THE WELL-BEING OF THE BROADER COMMUNITY THROUGH PARTNERSHIPS, OUTREACH, AND THE SHARING OF RESOURCES. IN 2024, THE ORGANIZATION PARTNERED WITH DOZENS OF LOCAL, REGIONAL, AND NATIONAL NONPROFITS TO SERVE VULNERABLE POPULATIONS. EXAMPLES OF COMMUNITY BENEFIT ACTIVITIES INCLUDE: -HOSTING AND MANAGING MEALS ON WHEELS FOR THE LEWISBURG REGION FROM THE RIVERWOODS CAMPUS -PROVIDING INTERNSHIPS, JOB SHADOWING, AND CLINICAL ROTATIONS FOR STUDENTS PURSUING CAREERS IN HEALTHCARE AND AGING SERVICES -SUPPORTING REGIONAL ENVIRONMENTAL SUSTAINABILITY PROGRAMS INCLUDING WATERSHED AND ENERGY-REDUCTION INITIATIVES -DONATING GOODS, DURABLE MEDICAL EQUIPMENT, AND SUPPLIES TO THOSE IN NEED -OFFERING CAMPUS SPACE FOR CIVIC AND NONPROFIT MEETINGS -FUNDRAISING AND VOLUNTEERING FOR CHARITABLE ORGANIZATIONS INCLUDING THE ALZHEIMER'S ASSOCIATION AND LOCAL FOOD BANKS -PROVIDING EDUCATIONAL PROGRAMMING AND PRESENTATIONS ON AGING-RELATED TOPICS TO THE PUBLIC -ENGAGING RESIDENTS AND ASSOCIATES IN LOCAL VOLUNTEERISM AND MENTORING PROGRAMS III. ASBURY FOUNDATION SUPPORT THE ASBURY FOUNDATION, A 501(C)(3) NOT-FOR-PROFIT MARYLAND CORPORATION, RAISES AND STEWARDS PHILANTHROPIC GIFTS TO BENEFIT RESIDENTS AND ASSOCIATES ACROSS THE ASBURY SYSTEM. IN 2024, THE FOUNDATION RAISED MORE THAN $300,000 IN SCHOLARSHIP FUNDS FOR CAREER DEVELOPMENT, PRIMARILY IN NURSING AND HEALTHCARE FIELDS. ADDITIONAL FOUNDATION SUPPORT FUNDED BENEVOLENT CARE, WELLNESS PROGRAMS, AND CAMPUS ENHANCEMENTS THAT DIRECTLY IMPACT RESIDENT QUALITY OF LIFE. IV. SUMMARY STATEMENT ALBRIGHT CARE SERVICES FULFILLS ITS NOT-FOR-PROFIT MISSION BY PROVIDING HOUSING, HEALTHCARE, AND SUPPORTIVE SERVICES TO OLDER ADULTS ACROSS CENTRAL PENNSYLVANIA, MANY OF WHOM ARE LOW-INCOME OR MEDICALLY COMPLEX. THROUGH ITS AFFILIATION WITH ASBURY COMMUNITIES AND WITH THE SUPPORT OF THE ASBURY FOUNDATION, ALBRIGHT CARE SERVICES DELIVERS HIGH-IMPACT PROGRAMS THAT PROMOTE WELL-BEING, DIGNITY, AND COMMUNITY ENGAGEMENT FOR OLDER ADULTS. |
| FORM 990, PART VI, SECTION A, LINE 1A | THE EXECUTIVE COMMITTEE MAY ACT IN PLACE OF THE BOARD WHEN THERE IS BUSINESS OF THE CORPORATION TO BE TRANSACTED BETWEEN REGULAR MEETINGS AND CONVENING A SPECIAL MEETING WAS DEEMED BY THE CHAIR TO NOT BE NECESSARY OR POSSIBLE. THE FULL BOARD WILL BE NOTIFIED WITHIN FIFTEEN (15) DAYS OF ANY ACTIONS OF THE EXECUTIVE COMMITTEE. THE EXECUTIVE COMMITTEE WILL HAVE NO POWER TO ELECT OR REMOVE ANY MEMBER OR OFFICER OF THE BOARD OF DIRECTORS, AMEND THE ARTICLES OFLNCORPORATION OR BYLAWS OF THE CORPORATION, OR TAKE SUCH OTHER ACTION AS RESTRICTED BY APPLICABLE LAW. |
| FORM 990, PART VI, SECTION A, LINE 6 | ASBURY COMMUNITIES, INC., A NON-PROFIT, NON-STOCK MARYLAND CORPORATION, FEDERALLY TAX-EXEMPT UNDER IRC SECTION 501(C)(3) AND A SUPPORTING ORGANIZATION UNDER IRC SECTION 509(A)(3), IS THE SOLE MEMBER OF ALBRIGHT AND SHALL SERVE AS THE SUPPORTING ORGANIZATION OF ALBRIGHT. |
| FORM 990, PART VI, SECTION A, LINE 7A | ASBURY COMMUNITIES, INC IS THE SOLE MEMBER OF ALBRIGHT. |
| FORM 990, PART VI, SECTION A, LINE 7B | ASBURY COMMUNITIES, INC. (THE MEMBER) SHALL HAVE THE FOLLOWING RESERVED POWERS WITH RESPECT TO ALBRIGHT (THE CORPORATION), SUBJECT TO OTHER APPLICABLE PROVISIONS OF THESE BYLAWS: 1. REMOVAL OF ANY MEMBER( S) OF THE CORPORATION' S BOARD OF DIRECTORS, WITH OR WITHOUT CAUSE 2. FILLING OF VACANCIES ON THE CORPORATION'S BOARD OF DIRECTORS 3. APPROVAL OF ALL MANAGEMENT SERVICES RELATIONSHIPS AND AUTHORITY TO RATIFY ANY AND ALL MANAGEMENT SERVICES AGREEMENTS ENTERED INTO BY THE CORPORATION 4. APPROVAL OF ANY MERGER, CLOSURE, SALE, LEASE OR EXCHANGE OF SUBSTANTIALLY ALL OF THE ASSETS OF THE CORPORATION, OR THE CREATION OF A SUBSIDIARY JOINT VENTURE, COMPANY OR OTHER ENTITY BY THE CORPORATION 5. APPROVAL OF THE MISSION AND VISION STATEMENTS OFTHE CORPORATION 6. AUTHORITY TO CAUSE AND APPROVE ALL AMENDMENTS TO THE ARTICLES OFLNCORPORATION OR BYLAWS OF THE CORPORATION 7. APPROVAL OF THE BUDGET OF THE CORPORATION, BOTH OPERATING AND CAPITAL. THE CORPORATION SHALL NOT MAKE OR COMMIT TO MAKE AN OPERATING OR CAPITAL EXPENDITURE WHICH MATERIALLY DEVIATES FROM THE ANNUAL CAPITAL OR OPERATING BUDGET APPROVED BY THE MEMBER, OR CHANGE A COMPONENT OF THE BUDGETS, SUCH AS RESIDENT RATES, WITHOUT THE PRIOR APPROVAL OF THE MEMBER. 8. AUTHORITY AND RESPONSIBILITY TO APPROVE ANY PROPOSED PROJECT FOR THE DEVELOPMENT OF A NEW PRODUCT AND/OR FACILITY BY THE CORPORATION 9. AUTHORITY TO APPROVE EACH INCURRENCE OF INDEBTEDNESS OF THE CORPORATION WITH A REPAYMENT TERM THAT IS IN EXCESS OF FIVE (5) YEARS AND IS SECURED BY THE ASSETS OF THE CORPORATION, EXCEPT FOR NON-RECOURSE DEBT WHICH IS SECURED BY ONE OR MORE PIECES OF THAT IS THE SUBJECT OF THE NON-RECOURSE DEBT 10. AUTHORITY TO APPOINT THE AUDITOR, INSURANCE BROKER, INVESTMENT ADVISOR, AND DETERMINE THE FISCAL YEAR OF THE CORPORATION. ADDITIONALLY, THE MEMBER MAY CREATE ADDITIONAL OR ELIMINATE RESERVED POWERS BY MAJORITY VOTE OF THE MEMBER'S BOARD OF DIRECTORS. |
| FORM 990, PART VI, SECTION B, LINE 11B | ASBURY COMMUNITIES, INC., THE SOLE MEMBER OF ALBRIGHT, DELEGATES REVIEW OF THE FORM 990 TO ITS AUDIT, FINANCE, AND INVESTMENT COMMITTEE (AFIC) WHICH PERFORMED ITS REVIEW ON 10/29/25. ADDITIONALLY, THE ASBURY COMMUNITIES, INC. AND ALBRIGHT CARE SERVICES BOARD OF DIRECTORS WERE FORWARDED A COPY OF THE DRAFT 990 FOR REVIEW AND WERE PROVIDED A LINK TO A RECORDING OF THE AFIC MEETING IF MEMBERS CHOSE TO LISTEN TO THE MEETINGS AS THEY REVIEWED ANY OF THE FORM 990S. ALL DIRECTORS MAY POSE QUESTIONS OR ASK FOR CLARIFICATION FROM STAFF AND THE AFIC. |
| 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 RESPONSIBLE FOR THE POLICY AND OVERSEES THE IMPLEMENTATION OF THE PROCESS. ALL THE ENTITIES WITHIN THE ASBURY COMMUNITIES SYSTEM 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 KEY MANAGEMENT POSITIONS. EACH PERSON COMPLETES A CONFLICT OF INTEREST DISCLOSURE FORM AND IS ADVISED OF THEIR FIDUCIARY OBLIGATIONS. THE COMPLIANCE OFFICER, WHO HAS A DIRECT REPORTING LINE TO THE CHAIR OF THE GOVERNANCE AND NOMINATIONS COMMITTEE AND REPORTS QUARTERLY TO THE GOVERNANCE AND NOMINATIONS COMMITTEE, ANALYZES ALL DISCLOSURE FORMS FOR POTENTIAL CONFLICTS, AND PREPARES A REPORT FOR THE SYSTEM-WIDE GOVERNANCE AND NOMINATIONS COMMITTEE. A REPORT WAS MADE TO THE BOARD THAT THERE WERE NO CONFLICTS DURING 2024. WHEN AN ACTUAL OR POTENTIAL CONFLICT OF INTEREST ARISES NVOLVING A BOARD OR COMMITTEE MEMBER, THE GOVERNANCE AND NOMINATIONS COMMITTEE IS INFORMED AND WILL FOLLOW SPECIFIC PROTOCOL OUTLINED IN THE CONFLICT OF INTEREST POLICIES AND PROCEDURES. |
| FORM 990, PART VI, SECTION B, LINE 15 | THE FOLLOWING PROCESS IS USED BY ASBURY COMMUNITIES, INC., A RELATED ORGANIZATION: ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE RELIES ON STAFF FEEDBACK AND THE DATA AND RECOMMENDATIONS PROVIDED BY AN EXTERNAL COMPENSATION CONSULTANT TO ASCERTAIN THE REASONABLENESS OF COMPENSATION AND BENEFITS OF ALL OF THE DIRECT REPORTS OF THE CEO AND OTHER POTENTIALLY DISQUALIFIED PERSONS. IN ADDITION, THE COMPENSATION COMMITTEE REVIEWS THE ORGANIZATION'S PROGRESS TOWARDS KEY PERFORMANCE INDICATORS SELECTED FOR INCENTIVIZING PERFORMANCE OF DISQUALIFIED PERSONS THROUGH A PERFORMANCE BASED-COMPENSATION PROGRAM. QUARTERLY, THE COMPENSATION COMMITTEE REVIEWS UPDATES TO THE OVERALL BENEFITS AND COMPENSATION PLAN FOR THE ORGANIZATION AS WELL AS PROGRESS ON THE ORGANIZATION'S EMPLOYER OF CHOICE STRATEGIC GOALS. ALSO ON AN ANNUAL BASIS, THE COMPENSATION COMMITTEE SPECIFICALLY REVIEWS THE COMPENSATION AND BENEFITS OF THE CEO USING THE DATA GATHERED BY THE COMPENSATION CONSULTANT AT THE DIRECTION OF THE COMMITTEE AND PROVIDES INPUT TO THE FULL BOARD OF DIRECTORS IN ORDER TO SUPPORT THEIR DECISION MAKING PROCESS REGARDING THE CEO'S COMPENSATION. THE COMPENSATION COMMITTEE CHARTER, THE EXECUTIVE COMPENSATION PHILOSOPHY, AND THE EXECUTIVE INCENTIVE PLAN WERE REVIEWED MOST RECENTLY IN 2024. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND AUDITED FINANCIAL STATEMENTS ARE AVAILABLE UPON REQUEST. |
| FORM 990, PART XI, LINE 9: | UNREALIZED GAIN ON DERIVATIVES -95,147. CHANGE IN VALUE OF DEFERRED GIVING ARRANGEMENTS -4,463. TRANSFER OF CAPITAL 3,733,679. CHANGE IN BENEFICIAL INTEREST IN NET ASSETS OF FOUNDATION 652,693. OTHER CHANGES IN NET ASSETS WITH DONOR RESTRICTIONS -528,035. |
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