An Established Reputation
Deeply committed to the idea that life is meant to be enjoyed, Bethany Village believes that people should dedicate their time to doing what they love. Doing all the good we can with integrity, transparency, and grace is more than our Guiding Principle, it’s a way of life at this community. Our Mission to explore possibilities to live your best life is the driving force behind all that we do. At Bethany Village, associates and residents are always seeking new ways to make a difference here and in the greater Harrisburg region.
Bethany Village is part of Asbury Communities, the 15th-largest not-for-profit retirement system in the United States as ranked by LeadingAge Ziegler 200 (LZ 200), an organization with nearly 100 years of expertise in and dedication to serving older adults. With Financial Strength and Stewardship as a Core Value, the Asbury system makes strong reserves and sound operations a priority.
Bethany Village is overseen by Asbury Communities’ volunteer Board of Directors, which is made up of accomplished professionals who are charged with positioning the system for ongoing success. Financial experts on the Board’s Audit and Finance Committees assist in overseeing the fiscal strength of the organization and each of its entities. Here are some of the ways we monitor and assure our financial strength:
- Requiring an annual audit to review the system’s consolidated annual statements. See our Audited Consolidated Financial Statements and IRS Form 990 below.
- Seeking annual review from Fitch Ratings to assess financial performance. Bethany Village is among a small percentage of CCRCs whose bonds are investment-grade, currently holding a BBB stable rate.
- Participating in a national EAGLE accreditation process, operated by the United Methodist Association of Health and Welfare Ministries.
Asbury is proud to hold EAGLE accreditation from the United Methodist Association of Health & Welfare Ministries. EAGLE measures its member organizations on sound operations and financial strength while placing emphasis on building a values-based, Mission-driven culture.
Our Mission and faith-based heritage is reflected in our Benevolent Care program, managed by the Asbury Foundation. Should a resident outlive their financial resources through no fault of their own, they will be able to apply for assistance with monthly fees, food, medical care, medications and health insurance. Participation in this program is strictly confidential.
Our Governing Body and Operations
Day-to-day operations of Bethany Village are managed by the community’s Executive Director and Leadership Team. They are supported by Asbury Communities, Inc., which is the 501(c)(3) sole member providing Asbury Atlantic and other entities in the Asbury system with strategic guidance and clinical, compliance, communications, finance, human resources, IT, and marketing services support.
Bethany Village in Mechanicsburg, Pa., Asbury Methodist Village in Gaithersburg, Md., Asbury Solomons in Solomons, Md., and Springhill in Erie, Pa., are owned and operated by Asbury Atlantic, Inc., which is the provider and legal entity responsible for providing services to the residents of these communities.
Honoring Residents’ Voices
Bethany Village ensures residents’ voices are heard in a number of ways. The Residents’ Council is an elected body of members who meet monthly and work in collaboration with the community’s Leadership Team. Residents from the council hold regular meetings with department leadership in such operational areas as dining, wellness, and facilities. In addition, the Executive Director holds monthly Resident Coffees which are conducted in the Rife Center and broadcast on our internal TV station for those who are unable to attend.
2021 Asbury Atlantic Audited Financial Statement
2020 Asbury Atlantic Audited Financial Statement
2021 Asbury Atlantic IRS Tax Return – Form 990