Asbury Atlantic INC
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Creates exceptional lifestyle opportunities for those served. For fiscal year 2024 it reported $212.9M in revenue, $186.3M in expenses, and $-25.3M in net assets.Pt I
Summary of the Filing
Where the work happens
Residential Living Facilities
Operation of 1,675 residential living units for the aged, providing 529,699 days of service in 2024. $296,981 of benevolent care and $469,378 of contractual allowances were provided to residential living residents during 2024. Also provided health and wellness programming and service to residents.
Skilled Nursing Facilities
Operation of 4 skilled nursing facilities (SNF'S) for the aged with 379 total beds providing 127,355 days of service in 2024. $21,278,505 of contractual allowances were provided to residents of the SNF in 2024.
Assisted Living Facilities
Operation of 4 assisted living facilities for the aged with 292 total suites providing 100,379 resident days in 2024. $2,789,444 of benevolent care and $1,301,094 of contractual allowances were provided to the assisted living residents in 2024.
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Identity & Classification
Governance & Policies
Officers, Directors & Key Employees
Potter Michele’s $225K as Exec. Dir. (amv) is at the 10th percentile of top reported officer pay among 250 $100M+ human services nonprofits. Peer set: organizations in the same NTEE major field of work and revenue-size band, compared on each org’s own highest-paid officer/key-employee, from Form 990 Part VII / 990-PF Part VIII. Descriptive placement, not a verdict on whether the pay is appropriate.
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Statement of Revenue
Statement of Functional Expenses
Balance Sheet
Financial Metrics
Same NTEE category, revenue band, and state where available. Descriptive — not a grade.
| Metric | This org | Peer median | Percentile |
|---|---|---|---|
| Program ratio | 75% | — | — |
| Overhead ratio | 25% | — | — |
| Fundraising cost ratio | 9% | — | — |
| Revenue growth | 7% | — | — |
| Legal fee ratio | 0% | — | — |
| Accounting fee ratio | 0% | — | — |
Straight from the Form 990 — descriptive, not an evaluation. A ratio is hidden when its base is zero or too small to be meaningful; the dollars are always shown.
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Filings & Schedule Manifest
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Sources
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