Academy Services Corporation

A supporting organization for the Arizona Senior Academy

What is ASC?

 Established in 1997 to serve the members of the Arizona Senior Academy, the Academy Services Corporation (ASC) is a registered Arizona corporation and holds IRS 501(c)(3) tax-exempt status.  ASC’s 6 corporate officers and LLC managers serve without compensation. Total assets of the Corporation, exceed $5 million.

What does ASC do?

     Currently the primary mission of the ASC is the provision of healthcare to members of the Arizona Senior Academy as well as to other residents of Academy Village and neighboring jurisdictions. ASC’s current operations include two assisted living residences (Academy Villas) designed to offer the highest quality of personalized care to persons unable to live independently.

How does ASC do it?

ASC carries out the majority of its work through three limited liability companies:

                    (1) AV Medical Services, LLC (AVMS). Operates the assisted living residence and handles bookkeeping for all ASC enterprises.

                    (2) The Villas at Academy Village, LLC (TVAV). Owns the buildings and is the developer for new construction on land owned by ASC

                     3) AV Wellness, LLC (AVW). Currently non-operative, this LLC is available to accommodate additional health care programs.

Each LLC is a distinct legal entity and operates independently from the other LLCs. For tax reporting purposes, the LLCs are considered disregarded entities.

Who runs ASC?

A board of directors consisting of both outside directors (i.e., directors not residing in Academy Village) and resident directors is the governing authority for the Corporation. The officers of the Corporation are appointed by the board. The three LLC managers are appointed by the president with the advice of the Board of Directors. 

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