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Financial Strength

Achieved through fiscal responsibility

As a member of the Asbury Communities system, financial strength and stewardship are prominent among the core values of Asbury~Solomons Island. The future of senior services will be built on innovation, compassion and technology, but a solid financial foundation is essential to carry out these services and support our mission.

Evidence of the strength of the Asbury communities, including Asbury~Solomons Island, can be found in its financial philosophy which supports:

Maintaining and enhancing strong operational performance demonstrated by establishing resident rates which fairly equate to expenses. This results in Net Operating Margin (NOM) ratio levels comparable to other financially successful organizations in the industry.
Establishing financial reserves to support our mission and provide capital for future programs and facility renovations/expansions. These financial reserves, and additional income they generate, establish a solid financial base that allows the Asbury communities to weather times of economic challenge.

2006 Return of Organization Exempt from Income Tax, IRS 990

2006 Asbury Communities Annual Report

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