Asbury 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 communities is the sole member.”

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

“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; (5) the operating and capital budget of the company.”

“Asbury communities, inc. , the sole member of asbury, inc., delegates review of the form 990 to its audit, finance, and investment committee (afic) which performed its review on 11/02/22. Additionally, the asbury communities, inc. And asbury, 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 governance and compliance committee. A report was made to the board that there were no conflicts during 2021. 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 protocal outlined in the conflict of interest policies and procedures.”

“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 2021.”

“The organization's governing documents, conflict of interest policy, and financial statements are made available to the public upon request.”

“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, inc. As well as the other related and supported organizations of asbury communities, inc. There are over 2,500 total employees in the asbury communities, inc. System. The 2021 consolidated audited financial statements for asbury communities, inc. Had total revenues of $297 million and total assets in excess of $680 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.”

“Asbury, inc., d/b/a asbury place, is the not-for-profit owner and operator of asbury place maryville and asbury place kingsport. Asbury, inc. Is the legal entity responsible for providing services to the residents of these communities. In 2016, asbury, inc. Affiliated with asbury communities, inc., a not-for-profit supporting organization of a system of senior living and health service providers. The asbury communities system of senior living and health service providers originated with asbury methodist village (gaithersburg, md), which was originally established in 1926 as the methodist home for orphans and the aged. Asbury, inc. Shares this methodist heritage, having been founded in 1956 by the holston conference as asbury acres home for the aged. While asbury communities and asbury place are no longer formally affiliated with the united methodist church, they remain committed to the ethical principles and spirit of their faith-based heritage. These values are reflected in our mission and guiding principle of doing all the good we can with integrity, transparency, and grace. The communities within asbury place are committed to fulfilling asbury's mission for those we serve and to be a valued partner in the regions where they operate. Each year, our leaders and associates work with service organizations, health providers and foundations that address the needs of the greater community. We accomplish this in three primary ways: -providing a benevolent care program for eligible residents who outlive their resources through no fault of their own (see below, 2021 benevolent care); -providing unreimbursed medical services above medicaid contracted payment rates for residents receiving services at asbury's skilled nursing centers (see below, 2021 unreimbursed services); and, -supporting and partnering with numerous charitable and community organizations and providing internship and professional development opportunities for a wide range educational institutions and aging services and health providers, (see section, community benefit). In addition, asbury, inc. Is the supporting organization of forest ridge manor, inc., which owns and operates a hud section 202 low-income senior housing apartment building in kingsport, tn. Asbury foundation the asbury foundation, a not-for-profit organization, secures philanthropic gifts to support and enhance quality of life for older adults served by the asbury system, through benevolent care, new programs and services that promote residents' well-being, and scholarships for asbury associates. To date, asbury foundation has secured more than $500,000 in scholarships funds, with many of those dollars going toward career advancement in the nursing and healthcare fields. Section i: benevolent care - 2021 benevolent care is the payment by the organization of residents' fees, including monthly, and ancillary fees, and certain third-party expenses, for residents who have exhausted their assets and meet eligibility requirements for the program. Benevolent care is at the heart of asbury's guiding principle to do all the good we can with integrity, transparency, and grace. In 2021, more than $2.9 million in annual funds and unrestricted gifts were contributed to help meet immediate benevolent care needs for 64 residents of asbury communities: asbury methodist village $1,581,958 asbury place $50,101 asbury solomons $374,120 bethany village $616,471 normandie ridge $38,890 riverwoods $188,949 springhill $85,146 total $2,935,635 section ii: unreimbursed medical services unreimbursed medical services are the total cost and expenses incurred in the provision of care to residents of asbury's skilled nursing centers that exceed the reimbursement provided by certain payor sources, including medicaid (medical assistance). Asbury methodist village $4,316,076 asbury place $3,796,722 asbury solomons $184,223 bethany village $769,459 normandie ridge $1,450,780 riverwoods $4,192,922 springhill $942,913 total $15,653,095”

“Consultant/contract labor: program service expenses 6,025,541. Management and general expenses 0. Fundraising expenses 0. Total expenses 6,025,541.”

“Change in market value of derivatives 27,392. Transfers from acomm 1,300,000. Change in beneficial interest in net assets of asbury foundation 83,167.”

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