Overview
What is Asbury Atlantic Inc?
Asbury Atlantic Inc is a nonprofit organization based in Frederick, Maryland, operating four skilled nursing facilities, collectively known as SNFs, with a total of 382 beds. They provided 128,209 days of service in 2022 and contractually allocated $18,899,182 to their residents. The organization strives to help senior citizens live their best lives, with a mission centered on doing good, integrity, transparency, and grace.
Official website here: www.asburymethodistvillage.org
What are the reviews and ratings of this charity?
Charity Navigator Rating: Needs Improvement - Two-Star out of Four Stars (70%)
Asbury Atlantic Inc has received a two-star rating from Charity Navigator, indicating a need for improvement in their accountability and financial practices. While the organization has performed well in areas such as financial oversight and has a solid program expense ratio, significant weaknesses were noted in governance. The absence of independent board members raises concerns regarding the organization’s leadership and decision-making processes.
The nonprofit does excel in maintaining important policies, such as a conflict of interest and a whistleblower policy, which are crucial for transparency and accountability. Additionally, their financial statements are properly audited, and they have a good track record in documenting board meeting minutes. This suggests that while there are flaws in governance structure, there are robust practices in place for financial management.
However, the organization faces challenges, particularly with its liabilities to assets ratio, which indicates potential financial strain. Overall, while Asbury Atlantic Inc demonstrates strengths in certain operational areas, its governance issues and financial ratios highlight the need for significant improvements to enhance overall organizational effectiveness and sustainability.
This AI summary has been generated from information found on Charity Navigator.
Is Asbury Atlantic Inc legitimate?
Asbury Atlantic Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Asbury Atlantic Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $57,316,525
For more financial information, click here
Official website here: www.asburymethodistvillage.org
What is the mission statement of Asbury Atlantic Inc?
Asbury Atlantic Inc is dedicated to helping individuals live their best lives by doing all the good they can. With a strong commitment to integrity, transparency, and grace, the organization explores possibilities to make a positive impact. One of their primary activities is operating skilled nursing facilities, providing care for the aged with a total of 382 beds and offering 128,209 days of service in 2022. In 2022, they provided contractual allowances totaling $18,899,182 to residents of their skilled nursing facilities. By focusing on this essential service, Asbury Atlantic Inc is able to contribute significantly to the well-being of those in need.
Official website here: www.asburymethodistvillage.org
Who is the CEO of Asbury Atlantic Inc?
Doug Leidig is the Principal Officer of Asbury Atlantic Inc. The CEO's salary of Asbury Atlantic Inc is $0 and their total compensation is $413,719.
Official website here: www.asburymethodistvillage.org
What is the revenue of Asbury Atlantic Inc?
Asbury Atlantic Inc's revenue in 2022 was $178,616,502.
Official website here: www.asburymethodistvillage.org
Who are the executives of Asbury Atlantic Inc and what are their salaries?
There 212 volunteers at Asbury Atlantic Inc.
Here are 18 key members and their salaries (Asbury Atlantic Inc's CEO's salary is $0 and their total compensation is $413,719):
- Compensation: $0
- Related: $373,694
- Other: $26,987
- Compensation: $0
- Related: $15,000
- Other: $0
- Compensation: $0
- Related: $10,000
- Other: $0
- Compensation: $0
- Related: $6,500
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $13,750
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $574,190
- Other: $30,915
- Compensation: $0
- Related: $365,377
- Other: $26,987
- Compensation: $0
- Related: $265,666
- Other: $26,116
- Compensation: $0
- Related: $226,536
- Other: $23,820
- Compensation: $0
- Related: $211,855
- Other: $23,321
- Compensation: $0
- Related: $185,879
- Other: $5,218
- Compensation: $0
- Related: $394,915
- Other: $18,804
- Compensation: $0
- Related: $198,458
- Other: $21,017
- Compensation: $0
- Related: $188,240
- Other: $11,226
- Compensation: $0
- Related: $210,254
- Other: $25,111
- Compensation: $0
- Related: $155,728
- Other: $11,356
Official website here: www.asburymethodistvillage.org
Where can I find the form 990 for Asbury Atlantic Inc?
Asbury Atlantic Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.asburymethodistvillage.org
Learn more at the official website: www.asburymethodistvillage.org
Mission Statement of Asbury Atlantic Inc
Asbury Atlantic Inc, a mission-driven organization, is committed to helping individuals live their best lives by doing all the good they can, underpinned by integrity, transparency, and grace. In pursuing this goal, Asbury Atlantic operates four Skilled Nursing Facilities with a combined total of 382 beds, providing an impressive 128,209 days of service in 2022. These facilities cater to the needs of the elderly, offering them a supportive environment where they can receive essential care.
The organization's dedication to its cause is reflected in the substantial contractual allowances it provides to the residents of its Skilled Nursing Facilities. In 2022 alone, Asbury Atlantic dispensed $18,899,182 to enhance the quality of life for those under its care. By investing in their well-being, Asbury Atlantic strives to make a positive impact on the lives of the elderly, ensuring they receive the care and attention they deserve. With a strong commitment to its values and a focus on making a difference, Asbury Atlantic continues to explore possibilities for creating a better future for all.
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Impact
October, 2024
Asbury Atlantic Inc. significantly impacts the community by providing essential skilled nursing care through its four facilities, which collectively host 382 beds. In 2022, these facilities delivered an impressive 128,209 days of service, ensuring that elderly residents receive the support they need for a better quality of life. The organization prioritizes integrity, transparency, and grace in its operations, aiming to help individuals explore possibilities for their best life.
A notable aspect of Asbury Atlantic Inc. is its commitment to making healthcare accessible, as evidenced by the $18,899,182 in contractual allowances provided to residents in 2022. This financial support underscores the organization's dedication to serving the aged population, helping to reduce barriers to care and enhancing the well-being of its residents in Frederick, MD. Overall, Asbury Atlantic Inc. plays a crucial role in enriching the lives of seniors and fostering a compassionate community through its holistic approach to skilled nursing services.
This information is meant to be a general summary of Asbury Atlantic Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $272,161
- Program Service Revenue: $170,003,328
- Gross Receipts: $238,021,201
Assets and Liabilities:
- Total Assets: $527,202,855
- Total Liabilities: $604,153,820
- Net Assets: -$76,950,965
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
NET RESIDENT REVENUE
Revenue
$111,153,490
MEDICARE/MEDICAID PAYMENTS
Revenue
$29,386,720
AMORTIZATION OF ENTRANCE FEES
Revenue
$26,658,335
OTHER OPERATING REVENUE
Revenue
$2,804,783
Organization Details
Founding Year
1945
Phone
(301) 250-2100Principal Officer
Doug Leidig
Main Address
5285 WESTVIEW DRIVE 200, FREDERICK, MD, 21703
NTEE Category
Code: P75 - Human services
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