Academy Services Corporation

A supporting organization for the Arizona Senior Academy

What is ASC?

Academy Services Corporation (ASC) is a support organization for the Arizona Senior Academy. Established in 1997 to serve the members of the Academy, ASC is a registered Arizona corporation and holds IRS 501(c)(3) tax-exempt status. In addition to 22 paid employees, ASC’s 6 corporate officers and LLC managers serve without compensation. The Corporation and related LLCs have an annual cash flow of just under one million dollars. Total assets of the Corporation, as of July 1, 2017, amount to $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:

(1)A Health Care Support Program whose mission it is to sustain the good health of Academy Members and other Academy Village residents, as well as to provide services and support for those coping with acute or chronic medical conditions while remaining in their own homes.

(2) A Home Health Program offering assistance with the activities of daily living for those who are able to remain in their own homes.

(3) An Assisted Living Residence (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). Oversees the Wellness Center and the Private Duty (Home Health) Program.

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 seven outside directors (i.e., directors not residing in Academy Village) and six resident directors. The officers of the Corporation are appointed by the board. Currently the three LLC managers are selected from the resident members of the ASC board of directors.

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