Attach to Form 990 or 990-EZ.
Go to www.irs.gov/Form990 for the latest information.
| Return Reference | Explanation |
|---|---|
| FORM 990, PART VI, SECTION A, LINE 3 | THE ORGANIZATION CONTRACTED WITH AAMFT TO PROVIDE MANAGEMENT SERVICES BASED ON THE PERCENTAGE OF TOTAL RENTAL INCOME. THE AMOUNT PAID TO AAMFT FOR SERVICES DURING THE YEAR HAS BEEN DISCLOSED ON PART IX, LINE 11A. |
| FORM 990, PART VI, SECTION A, LINE 4 | THE ORGANIZATION AMENDED ITS ARTICLES OF INCORPORATION AND BYLAWS TO ADD BOTH THE AAMFT PRESIDENT-ELECT AND AAMFT CHIEF OPERATIONS OFFICER AS GENERAL DIRECTORS TO THE PROPERTY CORPORATION BOARD. THE BYLAWS REQUIRE THAT THE TERMS OF SERVICE OF THE PRESIDENT-ELECT AND COO ON THE PROPERTY CORPORATION BOARD WILL BE THE SAME AS THEIR TERMS OF SERVICE AS AAMFT PRESIDENT-ELECT AND COO, RESPECTIVELY. ONCE A PERSON CEASES SERVING AS PRESIDENT-ELECT AND COO, THEIR SERVICE ON THE PROPERTY CORPORATION BOARD IN THIS SPECIFIC ROLE CEASES. IN ADDITION, ONE TECHNICAL CHANGE WAS MADE BY CHANGING THE AAMFT CEO'S TITLE FROM EXECUTIVE DIRECTOR TO CHIEF EXECUTIVE OFFICER. |
| FORM 990, PART VI, SECTION B, LINE 11B | THE 990 WAS PREPARED BY THE OUTSIDE ACCOUNTANTS AND REVIEWED BY THE CHIEF OPERATIONS OFFICER AND THE CHIEF EXECUTIVE OFFICER. A COPY OF FINAL 990 WAS SENT TO THE ENTIRE BOARD BEFORE IT WAS FILED WITH THE IRS. |
| FORM 990, PART VI, SECTION B, LINE 12C | ALL MEMBERS OF GOVERNING BODIES MUST COMPLETE A CONFLICT OF INTEREST DISCLOSURE STATEMENT ANNUALLY. SUBMITTED DISCLOSURES ARE REVIEWED BY THE PRESIDENT TO DETERMINE IF A CONFLICT EXISTS. IF IT IS DETERMINED THAT A CONFLICT DOES EXIST THE MEMBER IS NOTIFIED AND GIVEN A SPECIFIED PERIOD OF TIME TO CORRECT THE CONFLICT OR TO RECUSE THEMSELVES FROM THEIR POSITION. |
| FORM 990, PART VI, SECTION C, LINE 19 | THE ORGANIZATION DOES NOT MAKE THE GOVERNING DOCUMENTS, CONFLICT OF INTEREST POLICY, AND FINANCIAL STATEMENTS AVAILABLE TO THE PUBLIC. |
| FORM 990, PART VII, BOARD COMPENSATION: | TIMOTHY F. DWYER, BOARD PRESIDENT, AND SHELLEY HANSON, BOARD DIRECTOR, RECEIVED PROFESSIONAL FEE STIPENDS FROM AAMFT, A RELATED ORGANIZATION, TO OFFSET LOSS WAGES FOR THEIR TIME DEVOTED TO THEIR POSITIONS ON THE BOARD. |
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