Asbury Communities Hcbs Inc

“The executive committee can act in place of the board for defined responsibilities. All members of the executive committee are members of the board of directors.”

“Asbury communities hcbs, inc. Has one member. The sole member is asbury communities, inc.”

“Asbury communities, inc. Is the sole member of asbury communities hcbs, inc.”

“Only certain decisions of the governing body are subject to asbury community inc.'s approval. These decisions, among others, 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.”

“Asbury communities, inc., the sole member of asbury communities hcbs, inc., 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 asbury communities hcbs, inc. Board of directors were forwarded a copy of the draft 990 for review and was 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.”

“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 involving 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.”

“The following process is used by asbury communities, inc., a related organization: the compensation committee annually reviews the compensation of all disqualified persons. To support its review, the compensation committee engages an independent compensation consultant and utilizes industry comparable compensation survey data. 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. The compensation committee charter, the executive compensation philosophy, and the executive incentive plan were reviewed most recently in 2024.”

“Governing documents and conflict of interest policy are available upon request. Audited financial statements are available for public viewing on our website (www.asbury.org).”

“During 2024, the certificate of need to operate as a medicare certified home health provider was sold.”

“Gain on sale of disc operations 2,459,701. Change in beneficial interest in net assets of asbury foundation -163,341.”

“There has been no change in oversight process from the prior year.”