Asbury Atlantic Inc.

“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.”

“Asbury atlantic has one member. The sole member is asbury communities, inc.”

“Asbury communities, inc is the sole member of asbury atlantic and elects the governing body.”

“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.”

“Asbury communities, inc. Is the sole member of asbury atlantic, inc., asbury-solomons, inc., inverness village, an oklahoma not for profit corporation, calvert county nursing center, inc., asbury, inc., bethany development corporation, and asbury hcbs, inc. Asbury communities, inc. Has a system wide audit committee. The asbury communities, inc. Board of directors has delegated a review of the form 990 to the system audit committee which performed their review on 10/2/19. The asbury communities, inc., foundation, asbury atlantic, asbury solomons, asbury communities hcbs, calvert county nursing center, asbury, inc., bethany development corporation, and inverness village board of directors were forwarded a copy of their respective draft form 990 for their review and provided a link to a recording of the audit committee 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 audit committee.”

“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 management positions. Each person completes a conflict of interest disclosure form and is advised of their fiduciary obligations. The compliance officer, who had a direct reporting line to the chair of the audit and compliance committee and reports quarterly to the audit and compliance committee, analyzes all disclosure forms for potential conflicts, and prepares a report for the system-wide audit and compliance committee. A report was made to the board that there were no conflicts during 2018. When an actual or potential conflict of interest arises involving a board or committee member, the audit and compliance committee is informed and will follow specific protocol outlined in the conflict of interest policies and procedures.”

“On an annual basis, the compensation and benefits 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 and benefits 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 the minutes of the management-lead to see 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 and benefits 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 and benefits committee charter, the executive compensation philosophy, and the executive incentive plan were reviewed most recently in 2018.”

“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.”

“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 and supported organizations of asbury communities, inc. There are over 2,400 total employees in the asbury communities, inc. System. The 2018 consolidated audited financial statements for asbury communities, inc. Had total revenues of $225.7 million and total assets in excess of $642 million.”

“Beginning with year 2014, foundation associate salaries and benefits, which were previously reported on the asbury foundation irs form 990, will be reported by the asbury entity where they dedicated their time. Asbury foundation assists with the mission of the non profit entities within the asbury communities system.”

“As part of asbury communities, asbury atlantic pledges each day to make a difference in the lives of those we serve and to serve as a partner for good in the community at large. We honor our legacy through supporting and partnering with charitable and community organizations, educational institutions, and aging services and health providers. At asbury atlantic, our contributions are primarily focused on: - supporting senior wellness in the regions where we operate - training the next generation of aging services professionals - benevolent care providing peace of mind for residents - benevolent care a cornerstone of living our mission is ensuring that residents who outlive their financial resources can remain in their home at asbury. The asbury foundation, a 501(c)(3) not-for-profit organization that secures philanthropic support to support the mission and enhance quality of life for older adults served by the asbury system, was established to support these efforts. Asbury provides financial support to residents who outlive their resources 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: in the area of training future generations of caregivers, asbury methodist village (amv) provided mentoring and training in social work and pastoral care services for students at loyola university of maryland and the university of maryland baltimore county. Amv also donated the use of wilson health care center's lower level for montgomery college to use for cna training. Amv donated meeting space for more than 30 non-profit, community organizations throughout the year. Though the majority of this group's efforts benefit youth, this resident-created and run collaboration with gaithersburg and montgomery county(gaithersburg beloved community initiative) devoted hundreds of hours to mentoring area at risk children, hosting parties at asbury's pool and other structured fitness activities. This intergenerational mentoring program is focused on the development of character in the young people. Asbury methodist village hosted a conversational english group with 25 latino mothers from the gaithersburg area whereby they met weekly to study their english with asbury residents. Students from gaithersburg and southlake elementary schools were transported to amv to participate in an inter-generational mentoring program whose focus is the development of character in the young people. Supported meals on wheels and the montgomery county coalition for the homeless shelter with food preparation and strategic planning space. Amv associates volunteered at the manna food bank where they helped sort donated food and at the rotary's "food for kids" program. Amv donated 1,002 pounds of food products to the montgomery county community food rescue. Audio visual equipment with a value of $24,000 was donated to montgomery county public schools and montgomery college. Bethany village: in the area of training the next generation of professionals, the following occurred. Provided training for certified nursing assistants, licensed practical nurses, registered nurses students at shippensburg university, harrisburg area community college and messiah college. Also supervised students from cumberland perry vocational technical school and provided budget training to students from cumberland valley high school. Provided job shadowing to a york college intern. Organized and raised $7,320 for the area chapter of the alzheimer's association though a rock-a-thon and hosted support groups for family members and other caregivers of people with alzheimer's disease. Bethany village donated meeting space for more than 24 non-profit, community organizations throughout the year. In conjunction with community aid, bethany village associates collected, stored and arranged for pick-up of donated clothing. The executive director of bethany village serves on the leading age”

“Net unrealized gain on change in market value of derivative instruments 11,052,203. Transfer to acomm -588,000. Change in beneficial interest in net assets of foundation 3,975,235. Change in value of obligations under charitable gift annuities -37,729. Loss on retirement of debt -630,644. Py two months of net assets reported on separate 990 210,251.”

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