Civic Intelligence

Westminster Asbury East Inc

EIN 35-2393493 • 501(c)3 • Orlando, FL

Profile

We are a church related, non-profit organization dedicated and committed to providing services for older adults by creating and preserving excellent residential facilities. We believe in and are committed to honoring each person's dignity, rights, self-respect and independence. We are committed to a program of stewardship that recognizes the responsibility to use our resources well.

80 West Lucerne CircleOrlando, FL 32801

n/A

Siviq Scores

Precomputed percentiles relative to similar nonprofits. These scores are descriptive rather than judgmental.

Liabilities / Assets

96th percentile

1.22x

Higher debt load relative to assets than 96% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Liabilities / Revenue

98th percentile

17.37x

Higher debt load relative to revenue than 98% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Net Margin

6th percentile

-49%

Higher net margin than 6% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Source year 2024

Top Officer Pay

Score unavailable

No value available

No filing with officer rows is available for this organization yet.

Asset Growth

26th percentile

-2.1%

Faster asset growth than 26% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Revenue Growth

57th percentile

11%

Faster revenue growth than 57% of similar nonprofits.

501(c)3 • $5M-$10M nonprofits • Annualized from 2022 to 2024

Assets

Down

$7,441,042

Down $126,659 (-1.7%) from 2023

Liabilities

Up

$9,086,256

Up $130,545 (+1.5%) from 2023

Net Assets

Down

-$1,645,214

Down $257,204 (-19%) from 2023

Revenue

Up

$522,954

Up $80,381 (+18%) from 2023

Expenses

Up

$780,158

Up $30,264 (+4.0%) from 2023

Net Income

Up

-$257,204

Up $50,117 (+16%) from 2023

Trend Graphs

Balance Sheet Trend

Grouped bars show assets, liabilities, and net assets across loaded filings.

$10M$5.0M$0-$5.0MAssets 2015: $8,434,852Liabilities 2015: $7,998,925Net Assets 2015: $435,9272015Assets 2016: $8,220,608Liabilities 2016: $8,017,128Net Assets 2016: $203,4802016Assets 2017: $8,768,587Liabilities 2017: $8,801,649Net Assets 2017: -$33,0622017Assets 2018: $8,511,587Liabilities 2018: $8,735,828Net Assets 2018: -$224,2412018Assets 2019: $8,324,765Liabilities 2019: $8,737,060Net Assets 2019: -$412,2952019Assets 2020: $8,128,992Liabilities 2020: $8,769,855Net Assets 2020: -$640,8632020Assets 2021: $7,917,910Liabilities 2021: $8,794,746Net Assets 2021: -$876,8362021Assets 2022: $7,758,821Liabilities 2022: $8,839,510Net Assets 2022: -$1,080,6892022Assets 2023: $7,567,701Liabilities 2023: $8,955,711Net Assets 2023: -$1,388,0102023Assets 2024: $7,441,042Liabilities 2024: $9,086,256Net Assets 2024: -$1,645,2142024

Highlighted filing

2024

Assets$7,441,042
Liabilities$9,086,256
Net Assets-$1,645,214

Operations Trend

Revenue, expenses, and net income by year, with the latest filing highlighted.

$1.0M$500K$0-$500KRevenue 2015: $149,673Expenses 2015: $315,545Net Income 2015: -$165,8722015Revenue 2016: $381,389Expenses 2016: $613,836Net Income 2016: -$232,4472016Revenue 2017: $372,021Expenses 2017: $606,543Net Income 2017: -$234,5222017Revenue 2018: $394,213Expenses 2018: $579,743Net Income 2018: -$185,5302018Revenue 2019: $406,723Expenses 2019: $594,777Net Income 2019: -$188,0542019Revenue 2020: $402,242Expenses 2020: $630,810Net Income 2020: -$228,5682020Revenue 2021: $411,212Expenses 2021: $641,215Net Income 2021: -$230,0032021Revenue 2022: $428,285Expenses 2022: $632,138Net Income 2022: -$203,8532022Revenue 2023: $442,573Expenses 2023: $749,894Net Income 2023: -$307,3212023Revenue 2024: $522,954Expenses 2024: $780,158Net Income 2024: -$257,2042024

Highlighted filing

2024

Revenue$522,954
Expenses$780,158
Net Income-$257,204

Filings

Latest Filing Detail
Jump To
Filing Snapshot
Filing Period
Jul 1, 2023 to Jun 30, 2024
Signed
May 9, 2025
Return Version
2023v6.0
Gross Receipts
$524,856
Mission and Program Overview

Mission

We are a church related, non-profit organization dedicated and committed to providing services for older adults by creating and preserving excellent residential facilities. We believe in and are committed to honoring each person's dignity, rights, self-respect and independence. We are committed to a program of stewardship that recognizes the responsibility to use our resources well.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$6,482,004$6,294,238▼ $187,766
Prepaid Expenses and Deferred Charges$46,367$32,672▼ $13,695
Cash and Non-Interest-Bearing Accounts$19,038$19,861▲ $823
Accounts Receivable$5,901$93▼ $5,808
Total Assets$7,567,701$7,441,042▼ $126,659
Other Assets Total$1,014,391$1,094,178▲ $79,787
Liabilities
Other Liabilities$8,607,167$8,604,417▼ $2,750
Accounts Payable and Accrued Expenses$348,422$480,399▲ $131,977
Deferred Revenue$122$1,440▲ $1,318
Total Liabilities$8,955,711$9,086,256▲ $130,545
Net Assets / Fund Balance
Net Assets Without Donor Restrictions$-1,388,010$-1,645,214▼ $257,204
Total Net Assets Fund Balance$-1,388,010$-1,645,214▼ $257,204
Total Liabilities and Net Assets / Fund Balance$7,567,701$7,441,042▼ $126,659

Asset Categories

AssetBook ValueDepreciationBasis
Buildings$5,874,995$1,978,348$7,853,343
Land$264,202-$264,202
Other Land Buildings$75,190$40,791$115,981
Equipment$79,851$20,395$100,246
Other Assets Org$24,317--
Compensation and Service Providers

Employees

NameTitleOtherTotal
Terence RogersCEO/presiden$836,263$836,263
Henry T KeithCFO/treasur/$643,198$643,198
Garry HennisCOO/executiv$592,367$592,367

Board Members and Trustees

NameTitle
John HillenmeyerChairman
Terence RogersCEO/president
John DebevoiseDirector
Linda ShelleyDirector
Henry T KeithCFO/treasur/exec VP
Garry HennisCOO/executive VP
Megan FaubelSecretary
Revenue and Support

Revenue Composition

Contributions and Grants
$58
Program Service Revenue
$520,455
Investment Income
$2,441
Other Revenue
$0
All Other Contributions
$58
Change in Net Assets
$-257,204

Audited Revenue Reconciliation

Revenue per Audited Statements
$524,856
Revenue Not Reported on Financial Statements
$-1,902
Revenue Not Reported on Form 990
$-58
Other Revenue Adjustments
$-1,902
Total Revenue per Audited Statements
$524,798
Total Revenue per Form 990
$522,954
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$539,960
Salaries, Compensation, and Employee Benefits$240,198
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$224,507--$224,507
Depreciation Depletion$210,196--$210,196
Fees for Services Management$64,495--$64,495
Occupancy$60,913--$60,913
Insurance$57,319--$57,319
Payroll Taxes$7,533--$7,533
Fees for Services Accounting$6,810--$6,810
Other Expenses$5,434--$5,434
All Other Expenses$5,345--$5,345
Other Employee Benefits$5,258--$5,258
Office Expenses$4,748--$4,748
Advertising$4,344--$4,344
Pension Plan Contributions$2,900--$2,900
Fees for Services Legal$2,222--$2,222
Conferences and Meetings$1,037--$1,037
Travel$30--$30
Total Functional Expenses$780,158$0$0$780,158

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$782,002
Total Expenses per Form 990$780,158
Expenses per Audited Statements$780,100
Expenses Not Reported on Form 990$1,902
Expenses Not Reported on Financial Statements$58
Other Expense Adjustments$58
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Debt and Bond Financing

Other Reported Liabilities

LiabilityAmount
Capital Advance$8,580,100
Tenant Security Deposits$24,317
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Backup withholding compliance
Yes
Business relationship with 35% controlled entity
No
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
Yes
Conflict-of-interest policy
Yes
Audited financial statements prepared
No
Key decisions subject to board approval
Yes
Management duties delegated
Yes

Governance Explanations

Form 990, Page 6, Part VI, Line 3

The board of directors delegated control of management duties to westminster services, inc. An affiliated not-for-profit. Westminster services, inc. Has extensive experience with the management of not-for- profit hud communities.

Form 990, Page 6, Part VI, Line 6

The sole member of the organization is westminster retirement communities, inc.

Form 990, Page 6, Part VI, Line 7A

Westminster retirement communities, inc. May elect one or more members of the board of directors.

Form 990, Page 6, Part VI, Line 7B

Westminster retirement communities, inc. Must approve dissolution of the organization, sale of substantial assets, new board members or replacement of the management company.

Form 990, Page 6, Part VI, Line 11B

The audit committee of the board of directors reviews the 990 before it is filed.

Form 990, Page 6, Part VI, Line 12C

The written conflict of interest policy is reviewed and signed annually by the board of directors, officers and employees. With a centralized accounts payable and payroll system, the management company monitors all payments and transactions with vendors. In addition, the organization has a toll- free compliance hotline that can be used by board members or staff to report any issues.

Form 990, Page 6, Part VI, Line 15A

SEE BELOW.

Form 990, Page 6, Part VI, Line 15B

The organization utilizes numerous salary surveys with like-kind organizations to determine the proper salary/wage amount for each employee.

Form 990, Page 6, Part VI, Line 19

The governing documents, conflict of interest policy and financial statements are made available to the public upon written request.

Form 990, Part VII

Average hours per week are shared between the related organizations of westminster retirement communities, inc. And presbyterian retirement communities, inc.

Filing and Contact Details

Filer

Filer Name
Westminster Asbury East Inc
EIN
35-2393493
Phone
4078395050
Address
80 WEST LUCERNE CIRCLE, ORLANDO, FL 32801

Signing Officer

Name
Jennifer Martens
Title
CFO
Phone
4078395050
Signed
2025-05-09
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Henry T Keith
Formed
2010
Legal Domicile
Fl
Voting Board Members
5
Independent Board Members
4
Employees
0
Volunteers
12

Preparer

Firm
Hoskins Quiros Patel & Loid CPA LLC
Address
926 LAKE BALDWIN LN, ORLANDO, FL 32814
Preparer
Russell K Hoskins
Phone
4072773000
Supplemental Narrative

Additional Explanations

FORM 990 - ORGANIZATION'S MISSION

We are a church related, non-profit organization dedicated and committed to providing services for older adults by creating and preserving excellent residential facilities. We believe in and are committed to honoring each person's dignity, rights, self-respect and independence. We are committed to a program of stewardship that recognizes the responsibility to use our resources well.

Financial Statement Notes

Schedule D, Page 4, Part XI, Line 2D

Expenses netted with income on the audited financial stmts -58

Schedule D, Page 4, Part XI, Line 4B

Loss on disposal of fixed assets -1,902

Schedule D, Page 4, Part XII, Line 2D

Loss on disposal of fixed assets 1,902

Schedule D, Page 4, Part XII, Line 4B

Expenses netted with income on the audited financial stmts 58

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IRS990ScheduleA/InvestmentIncomePYPct00.03000
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IRS990ScheduleA/TotalSupportCalendarYearGrp/TotalAmt02211077
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IRS990ScheduleD/BuildingsGrp/DepreciationAmt01978348
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IRS990ScheduleD/EquipmentGrp/DepreciationAmt020395
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IRS990ScheduleD/OtherAssetsOrgGrp/BookValueAmt124317
IRS990ScheduleD/OtherAssetsOrgGrp/Desc0RENEWAL/REPLACEMENT RESERVE
IRS990ScheduleD/OtherAssetsOrgGrp/Desc1TENANT DEPOSITS
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IRS990ScheduleD/OtherLandBuildingsGrp/DepreciationAmt040791
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IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt08580100
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Amt124317
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc0CAPITAL ADVANCE
IRS990ScheduleD/OtherLiabilitiesOrgGrp/Desc1TENANT SECURITY DEPOSITS
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IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt0EXPENSES NETTED WITH INCOME ON THE AUDITED FINANCIAL STMTS -58
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt1LOSS ON DISPOSAL OF FIXED ASSETS -1,902
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt2LOSS ON DISPOSAL OF FIXED ASSETS 1,902
IRS990ScheduleD/SupplementalInformationDetail/ExplanationTxt3EXPENSES NETTED WITH INCOME ON THE AUDITED FINANCIAL STMTS 58
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE D, PAGE 4, PART XI, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc1SCHEDULE D, PAGE 4, PART XI, LINE 4B
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc2SCHEDULE D, PAGE 4, PART XII, LINE 2D
IRS990ScheduleD/SupplementalInformationDetail/FormAndLineReferenceDesc3SCHEDULE D, PAGE 4, PART XII, LINE 4B
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IRS990ScheduleD/TotalExpensesPerForm990Amt0780158
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IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm0TERENCE ROGERS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm1HENRY T KEITH
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/PersonNm2GARRY HENNIS
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt0CEO/PRESIDENT
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt1CFO/TREASUR/EXEC VP
IRS990ScheduleJ/RltdOrgOfficerTrstKeyEmplGrp/TitleTxt2COO/EXECUTIVE VP
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IRS990ScheduleJ/SupplementalInformationDetail/ExplanationTxt0THE ORGANIZATION RELIED ON A RELATED ORGANIZATION (WESTMINSTER SERVICES, INC. 59-3614812) FOR COMPENSATION COMMITTEE, COMPENSATION SURVEY OR STUDY, AND APPROVAL BY THE BOARD OR COMPENSATION COMMITTEE.
IRS990ScheduleJ/SupplementalInformationDetail/FormAndLineReferenceDesc0SCHEDULE J, PAGE 1, PART I, LINE 3
IRS990ScheduleJ/SupplementalNonqualRtrPlanInd0false
IRS990/ScheduleORequiredInd0true
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt0WE ARE A CHURCH RELATED, NON-PROFIT ORGANIZATION DEDICATED AND COMMITTED TO PROVIDING SERVICES FOR OLDER ADULTS BY CREATING AND PRESERVING EXCELLENT RESIDENTIAL FACILITIES. WE BELIEVE IN AND ARE COMMITTED TO HONORING EACH PERSON'S DIGNITY, RIGHTS, SELF-RESPECT AND INDEPENDENCE. WE ARE COMMITTED TO A PROGRAM OF STEWARDSHIP THAT RECOGNIZES THE RESPONSIBILITY TO USE OUR RESOURCES WELL.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt1THE BOARD OF DIRECTORS DELEGATED CONTROL OF MANAGEMENT DUTIES TO WESTMINSTER SERVICES, INC. AN AFFILIATED NOT-FOR-PROFIT. WESTMINSTER SERVICES, INC. HAS EXTENSIVE EXPERIENCE WITH THE MANAGEMENT OF NOT-FOR- PROFIT HUD COMMUNITIES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt2THE SOLE MEMBER OF THE ORGANIZATION IS WESTMINSTER RETIREMENT COMMUNITIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt3WESTMINSTER RETIREMENT COMMUNITIES, INC. MAY ELECT ONE OR MORE MEMBERS OF THE BOARD OF DIRECTORS.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt4WESTMINSTER RETIREMENT COMMUNITIES, INC. MUST APPROVE DISSOLUTION OF THE ORGANIZATION, SALE OF SUBSTANTIAL ASSETS, NEW BOARD MEMBERS OR REPLACEMENT OF THE MANAGEMENT COMPANY.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt5THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS REVIEWS THE 990 BEFORE IT IS FILED.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt6THE WRITTEN CONFLICT OF INTEREST POLICY IS REVIEWED AND SIGNED ANNUALLY BY THE BOARD OF DIRECTORS, OFFICERS AND EMPLOYEES. WITH A CENTRALIZED ACCOUNTS PAYABLE AND PAYROLL SYSTEM, THE MANAGEMENT COMPANY MONITORS ALL PAYMENTS AND TRANSACTIONS WITH VENDORS. IN ADDITION, THE ORGANIZATION HAS A TOLL- FREE COMPLIANCE HOTLINE THAT CAN BE USED BY BOARD MEMBERS OR STAFF TO REPORT ANY ISSUES.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt7SEE BELOW.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt8THE ORGANIZATION UTILIZES NUMEROUS SALARY SURVEYS WITH LIKE-KIND ORGANIZATIONS TO DETERMINE THE PROPER SALARY/WAGE AMOUNT FOR EACH EMPLOYEE.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt9THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY AND FINANCIAL STATEMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON WRITTEN REQUEST.
IRS990ScheduleO/SupplementalInformationDetail/ExplanationTxt10AVERAGE HOURS PER WEEK ARE SHARED BETWEEN THE RELATED ORGANIZATIONS OF WESTMINSTER RETIREMENT COMMUNITIES, INC. AND PRESBYTERIAN RETIREMENT COMMUNITIES, INC.
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc0FORM 990 - ORGANIZATION'S MISSION
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc1FORM 990, PAGE 6, PART VI, LINE 3
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc2FORM 990, PAGE 6, PART VI, LINE 6
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc3FORM 990, PAGE 6, PART VI, LINE 7A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc4FORM 990, PAGE 6, PART VI, LINE 7B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc5FORM 990, PAGE 6, PART VI, LINE 11B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc6FORM 990, PAGE 6, PART VI, LINE 12C
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc7FORM 990, PAGE 6, PART VI, LINE 15A
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc8FORM 990, PAGE 6, PART VI, LINE 15B
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc9FORM 990, PAGE 6, PART VI, LINE 19
IRS990ScheduleO/SupplementalInformationDetail/FormAndLineReferenceDesc10FORM 990, PART VII
IRS990ScheduleR/AssetExchangeInd0false

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