Bethesda Properties Inc

“Bethesda properties, inc. Contracts with cushman wakefield to manage all of its properties. Cushman wakefield performs all property management functions including but not limited to property and facilities contract management; leasing administration, including tenant contact, lease negotiations, lease preparations and lease compliance; and a single point of contact for any property work orders or property issues.”

“Bethesda properties, inc. Has a single corporate member, bethesda hospital, inc.”

“Bethesda properties, inc. Has a single corporate member, bethesda hospital, inc. Who has the ability to elect members to the governing body of bethesda properties, inc.”

“Bethesda hospital, inc. Must approve amendments to bethesda properties, inc.'s governing documents, dissolution or consolidation of bethesda properties, inc. And any transaction involving substantially all of bethesda properties inc.'s property.”

“Members of the board are provided an electronic copy of this form 990 prior to filing along with senior management commentary prior to filing. Subsequent to board review, the returns are filed making non-substantive changes as necessary to effect e-filing. Any such non-substantive changes are not submitted to the board.”

“All board members are required to annually disclose certain financial interests and fiduciary relationships. The executive committee and corporate counsel review responses, conduct further investigation (if necessary), and determine when a conflict exists with respect to a certain transaction. If a conflict exists, the transaction is not to be entered into unless alternatives are fully investigated, and in their absence, the board, without the participation of the interested member(s), determines that the transaction is in the best interest of the organization. Plans to manage the conflict during the relationship are implemented. All discussions are appropriately documented. All directors and managers, which include officers and key employees, are required to annually disclose any circumstances, including family and business relationships, that may create a conflict of interest for the organization. These responses are reviewed and acted upon by a conflict of interest committee.”

“Bethesda properties, inc.'s governing documents, conflicts of interest policy and financial statements are available upon request.”

“The officers and directors for bethesda properties, inc. That show at least 60 hours per week provide services to trihealth, inc. (a related organization who paid the individuals) and its subsidiaries/affiliates ("trihealth") as an entire system. Hours worked, including their duties as officers and directors of the filing organization, are not tracked on an entity by entity basis, thus the average hours per week disclosed are estimates to show that the time spent by these individuals relate to them fulfilling their duties as full-time, 60 hours-per-week employees of trihealth versus their duties as officers and directors of the filing organization. In addition, the compensation reported on form 990, part vii was paid to these individuals in fulfillment of their duties as employees of trihealth.”

“Bethesda properties, inc. Is a title holding corporation described in internal revenue code section 501(c)(2) and pays any amount of its net income for a tax year to an organization exempt from income tax under internal revenue code section 501(a) - bethesda hospital, inc. This relationship may be considered an affiliated group for purposes of filing a consolidated income tax return. As such, bethesda properties, inc. Does not file a standalone form 990-t with the internal revenue service for unrelated business income generated during the tax year. Instead, it files a consolidated form 990-t with bethesda hospital, inc. Under bethesda hospital, inc.'s ein (31-0537122).”

“The financial statements of bethesda properties, inc. Are audited as part of trihealth, inc. And its subsidiaries and affiliates ("trihealth"). Trihealth has a committee that assumes the responsibility for oversight of the audit of both its and its subsidiaries and affiliates financial statements as well as the selection of the independent auditor. In addition, bethesda properties, inc.'s financial statements are audited with bethesda, inc., the parent organization of bethesda properties, inc. Bethesda, inc. Has a committee that assumes the responsibility for oversight of the audit of both its and its subsidiaries financial statements as well as the selection of the independent auditor. During the tax year, there was not a change in the process of audit oversight and/or selection of an independent auditor by either trihealth or bethesda, inc.”