American Physical Therapy Properties Inc

“When the board of directors is not in session, the executive committee, the members of which shall be the same as the members of the association's executive committee shall have and may exercise all the authority of the board of directors except as limited by law or by resolution of the board of directors.”

“The organization delegates control to its parent company, the american physical therapy association.”

“The sole voting member of apt properties is the american physical therapy association.”

“The governing body of the apt properties shall be elected by the affirmative vote of the american physical therapy association, the sole voting member.”

“The apt properties board of directors will review the draft 990 before it is filed with the irs.”

“According to the organization's conflict of interest policy, the covered persons are all currently elected members of the board of directors, the ceo, and staff. Members of the board of directors are required to sign a statement annually attesting that he/she has read the conflict of interest policy and understands this policy. They are further obligated to disclose any conflicts and shall refrain from participating in or being present for deliberations, discussions, or decisions related to the disclosed conflict relationship. The ceo is responsible for administering and enforcing the board of directors' policies. The ceo is also responsible for administering and enforcing the staff policies. According to apta staff policy #205, staff are required to disclose to their vp or evp any situation where they may have a potential conflict. In these cases, staff may not participate in any decision related to the conflict.”

“The organization does not provide compensation to ceo, executive director, top management officials, officers or key employees. All american physical therapy properties (aptp) board members are members of related organization, american physical therapy association (apta). Apta compensates the ceo, executive directors, top management officials, officers and key employees. Apta has a process in place for determining the compensation of the ceo, executive director, top management official, officers or key employees of the organization.”

“The organization makes its governing documents and financial statements available to the public upon request.”

“On august 10, 2020, a.p.t. Properties sold their office buildings at 1111 n. Fairfax street, alexandria, va 22314 for $24,257,627. The gain on the sale of the buildings was $16,862,730. The proceeds of the buildings were used to pay off the bridge loan, the outstanding balance on the line of credit, and fund operations for apta and the llc.”