Stewardship of Our Future

Financial Strength

A Foundation for the Future

Financial stewardship is a foundational pillar of Asbury, ensuring we will continue to innovate and keep the promises we make to those we serve. Less than 25 percent of the nation’s CCRCs hold investment-grade bonds. We are proud to be among this group.

From our beginning close to a century ago, we have grown our organization and expanded our Mission to serve more. We monitor and strengthen our financial health in the following ways:

  • Requiring an annual audit by a leading firm to review the system’s Consolidated Financial Statement, which you can view and download below.
  • Building strong financial reserves to support our Mission and provide capital for future community investment: Albright Care Services joined our organization in January 2020. Based on combined 2019/2020 annual results, Asbury had $297 million in Total Revenues, Gains & Other Support. Total combined Cash, Investment & Foundation Reserves for 2020 was $199 million.
  • Ensuring high levels of occupancy supporting the system’s overall financial health: Asbury’s occupancy is consistently at or above national averages reported by an industry monitor, the National Investment Center.
  • Delivering our not-for-profit pledge through social accountability in the regions where we operate and providing benevolent care for residents who have outlived their resources through no fault of their own.

Asbury is overseen by a volunteer Board of Directors with expertise in key areas related to our business, including the finance and health care industries. Their oversight and strategic guidance, in collaboration with our strong leadership team, ensures that Asbury is positioned for continued success.

Partnering for Success

The collaborative partnerships we develop with businesses enhance our processes with new innovations and solutions. Because each business partner is an industry leader in key value areas such as dining and facilities management, we can build on key metrics like resident occupancy.

Corporate partnerships have led to us becoming market standouts in skilled nursing and environmental sustainability. Our business partners are some of the most efficient and innovative providers in the industry allowing Asbury to do all the good we can on a larger scale.

The Heart of Asbury: Asbury Foundation

Asbury Foundation is key to our not-for-profit pledge and in our assurance that residents will have peace of mind knowing that their home is secure even if they outlive their resources through no fault of their own.

Asbury Foundation touches virtually every aspect of Asbury’s system, ensuring that our Mission is hard at work wherever we are, as we continue strive to make positive change for our stakeholders and communities.

File Downloads

Download our 2020 Audited Consolidated Financial Statement

Download our 2019 Audited Consolidated Financial Statement

Asbury 2020 IRS Tax Return – Form 990

Asbury 2019 IRS Tax Return – Form 990

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5285 Westview Drive
Suite 200

Frederick, MD 21703

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