2022-11-07T10:33:07-06:00 2021-12-31 823247531 Still Burton LLP 13465 Midway Road Suite 475 Farmers Branch TX 75244 990 2021-01-01 203395474 Frazier Revitalization Inc FRAZ 4692210704 PO Box 152926 Dallas TX 75315 DOROTHY HOPKINS CEO 4692210704 2022-11-02 1 DOROTHY HOPKINS 999009999 Brett K Burton P00845451 4697011710 3 AAL1 IAL1 2021 2022-09-23 18:48:47Z Dorothy Hopkins PO Box 152926 Dallas TX 75315 14795329 0 X www.frazierdallas.org X 2005 TX Economic, cultural development, and revitalization of the South Dallas Fair Park area. 6 6 4 6 0 0 1458791 13009688 0 232450 27694 -18419 1732993 1345939 3219478 14569658 241680 5388385 0 0 341672 428607 0 0 61017 1460918 1552099 2044270 7369091 1175208 7200567 16845141 12774298 11480047 246864 5365094 12527434 X Economic, cultural development, and revitalization of the South Dallas Fair Park area. 0 0 7141400 5388385 1602114 Frazier Revitalization (the Organization) continues to work within the framework and in accordance with the comprehensive revitalization plan adopted by the City of Dallas. The Organization continues to work toward a planned development at the corner of Elsie Faye Heggins (formerly Hatcher) and Scyene to be the catalyst transit-oriented development (TOD) as prescribed in the comprehensive revitalization plan of the City, Community and the TOD study (also adopted by the City of Dallas). A 44,378 square foot clinic was completed and leased to Parkland Health, opening in 2015 as a community oriented primary care clinic. The project was financed utilizing the New Markets Tax Credit program. Phase 2 of the development includes a 4,340 square foot clinic that was constructed by a wholly owned subsidiary of the Organization, and once it was completed it was donated to Texas A&M University System in 2021, specifically the School of Dentistry, for their use as a dental clinic. The 8 chair state of the art clinic was completed in the fall of 2020, donated to Texas A&M University System in March 2021 and opened in April 2021.In 2021, Frazier Revitalization launched a home improvement program to address the deteriorating housing stock in the neighborhood. The pilot program will address up to 10 owner occupied residences, securing and/or spurring wealth creation, in addition to addressing the residents' priorities. Frazier Revitalization functions as a quarterback organization bridging the neighborhood residents and institutional and city-wide organizations with a trauma informed approach. This approach works exceptionally well with the Out of School Time provider organizations in the neighborhood preparing them to offer more quality programming, and with the medical providers in the neighborhood better connecting them with the micro neighborhoods within the Frazier area.In August 2014, the Dallas Development Fund (DDF) awarded a $15,000,000 New Markets Tax Credit (NMTC) allocation to the Organization for the construction of an approximately 44,000 square foot medical facility in the Frazier area. The transaction closed in August 2014, with the DDF and JPMorgan Chase, N.A. (Chase). As the NMTC Equity investor, Chase provided approximately $4.89 million in NMTC Equity. Chase provided a $11.7mm term loan (Senior Loan) to the Organization, part of which was used to fund a $10.45 million "Leverage Loan" from the Organization to Chase Investment Fund (CIF), a special purpose investment fund entity. Chase is responsible for the management of CIF. The NMTC Equity and Leverage Loan was combined to capitalize the CIF, which in turn made a Qualified Equity Investment (QEI) of $15 million into a subsidiary of DDF (Sub-CDE). DDF, through the aforementioned Sub-CDE, made two Qualified Low Income Community Investment (QLICI) loans to an affiliate of the Organization. The affiliate of the Organization, Hatcher at Scyene Title Holding Company (HSTHC), is a Qualified Active Low Income Community Business. Construction of the facility was completed in April 2015 and opened in May 2015.In August 2021, in accordance with NMTC regulations, the compliance period for the investment made by the Sub-CDE to HSTHC ended. The NMTC transactions were terminated, and interests were realigned as follows: CIF transferred 100% of its member interest to Chase NMTC Hatcher Station Investment Fund, LLC, owned by the Organization; DDF assigned the QLICI loans to Chase MNTC Hatcher Station Investment Fund, LLC in consideration of its member interest in DDF; being the only owner, the Organization dissolved the Chase NMTC Hatcher Station Investment Fund, LLC.In accordance with a provision in the sub-lease between Parkland Health and the Organization, the tenant, Parkland Health, exercised their right to purchase the facility after the end of the seven year NMTC tax compliance period. In October 2021, HSTHC sold the medical facility to Parkland Health for $22.8 million, terminated the sub-lease, and the Organization terminated the primary lease with HSTHC; HSTHC repaid QLICI loan A to the Organization; the Organization forgave QLICI loan B, and repaid the Chase Senior Loan. The Transaction resulted in a gain of approximately $8.2 million for HSTHC.From an anonymous grant in 2019, the Organization constructed a 4,320 square foot dental clinic used by the Texas A&M System, specifically the School of Dentistry. FRI HS GP, LLC, a wholly owned subsidiary of the Organization purchased the land from the Organization for the site, construction began in 2020 and was completed in the fall of 2020. The land and facility was deeded to Texas A&M System in 2021, and the clinic was opened in April 2021.The Organization also continues its community outreach as part of the overall comprehensive redevelopment plan. The Organization has a platform for an out of school time network of provider organizations, to offer quality out of school time programming to youth in the Frazier neighborhoods. The Organization's afterschool program has an enrollment of 50 students year round serving grades K-8, with a particular focus on program based learning and Social and Emotional Learning. 7141400 1 1 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 1 0 0 1 0 0 0 1 1 0 0 0 1 44 0 4 1 0 0 0 0 0 0 0 0 0 0 X 6 6 1 0 0 0 0 0 0 1 1 0 0 1 1 1 1 0 0 1 1 0 X Tabatha Levi 4692210704 4716 Elsie Faye Heggins Street Dallas TX 75210 Richard Knight Trustee/Former Chairman of 1.00 X 0 0 0 J McDonald Williams Trustee 5.00 X 0 0 0 Lucy Cain Trustee/Secretary 1.00 X X 0 0 0 Beverly Debase Trustee 1.00 X 0 0 0 Antong Lucky Trustee 1.00 X 0 0 0 Benjamin Glispie Trustee/ Chairman of the B 1.00 X 0 0 0 Dorothy Hopkins President & CEO 40.00 X X 50000 94000 6000 Sonya Woods Rose Trustee 1.00 X 0 0 0 John R Castle Jr Tustee 1.00 X 0 0 0 50000 94000 6000 0 0 0 0 Patterson Dental 1031 Mendota Heights Rd St Paul MN 55120 Dental Equipment 100455 1 90871 12918817 106000 13009688 Service Revenue 232450 232450 232450 40280 40280 1206037 0 1206037 1206037 1206037 166972 225671 -58699 -58699 -58699 Leverage Loan 531390 90236 90236 Employee Retention Credit 49666 49666 139902 14569658 1559970 0 0 5388385 5388385 131000 78600 32750 19650 225981 157572 57099 11310 54277 37602 14467 2208 17349 12091 4383 875 30493 30493 23116 18530 3492 1094 36754 24514 9321 2919 15560 10378 3946 1236 38060 25385 9652 3023 3398 2266 862 270 497450 497450 133251 133251 48893 32930 12156 3807 Community Programs 534874 534874 Property Mgmt & Mainten 141133 141133 Communications 31742 17458 14284 Property Taxes 13084 13084 4291 2862 1088 341 7369091 7141400 166674 61017 681825 877927 1197627 1957198 8930 10415250 133251 1218369 0 4417188 1218369 8711874 16845141 12774298 31390 27242 11448657 219622 11480047 246864 X 5049390 12271186 315704 256248 5365094 12527434 16845141 12774298 7200567 -38227 0 X 0 1 X 0 0 X 249229 232175 3019324 1458791 623426 5582945 249229 232175 3019324 1458791 623426 5582945 5582945 1723218 1723755 1741236 1760687 1640341 8589237 14172182 0.39390 0.37220 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1090943 1090943 127426 127426 1218369 14531431 -38227 -38227 14569658 0 14569658 7369091 0 7369091 0 7369091 0 Hatcher at Scyene Title Holding Company PO Box 152926 Dallas TX 75315 471242650 140000 0 Book Contributions to QALIC B Parkland Foundation 1341 W Mockingbird Ln Ste 1100 E Dallas TX 75247 752089180 1701035 0 Book Frazier area projects Board of Regents of the Texas A&M Unversity System 301 Tarrow St 6th Floor College Station TX 77840 752907553 0 3547350 Book Donation of dental clinic Donation of dental clinic X 0 0 0 0 0 0 0 0 0 Dorothy Hopkins President & CEO 50000 In 2021 Dorothy Hopkins was paid a stipend of $50,000 that was accrued in 2020 & 2021. She is an employee of JM Williams Group, LLC, the single member is J. McDonald Williams, a Trustee of the Organization. 0 X Services 0 106000 Market cost 0 0 0 Form 990, Part VI, Section A, line 2 Dorothy Hopkins is the Treasurer and CFO of Frazier Revitalization, Inc. She is an employee of the J.M. Williams Group, the single member of which is J. McDonald Williams, the Trustee of Frazier Revitalization, Inc. Form 990, Part VI, Section B, line 11b Process used by management or governing body to review Form 990: A draft of Form 990 is emailed to all board members for their review. The final version will be provided to each board member prior to filing. Form 990, Part VI, Section B, line 12c Description of process to monitor transaction for conflicts of interest: A questionnaire is provided to each board member to determine conflicts of interest. Each board member fills out and returns questionnaire. The officer will evaluate for potential or stated conflicts, and they are disclosed in the financial statements and Form 990. If a conflict is found to exist, the person or persons to which the conflict applies are prohibited from voting by the board on any matters related to the conflict. Form 990, Part VI, Section B, line 15 The annual budget is approved by the board. Part of the annual budget is the salary of the President/CEO. Form 990, Part VI, Section C, line 19 Conflict of interest policy and financial statements to general public: Frazier Revitalization, Inc. provides the conflict of interest policy, financial statements and governing documets upon request. FRI HS GP LLC PO Box 15926 Dallas TX 75315 274602352 Acquire & maintain land for housing development TX 131343 51475 Frazier Revitalization Inc Hatcher at Scyene Title Holding PO Box 152926 Dallas TX 75315 471242650 Property management and title holding TX Title holding compan 0 Frazier HS LP PO Box 152926 Dallas TX 75315 274079924 Acquire & maintain land for housing development TX Frazier Revitalization Inc Related 0 0 0.99900 0 1 1 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 Hatcher at Scyene Title Holding Company B 140000 Cost Hatcher at Scyene Title Holding Company C 12305891 Cost FRI HS GP LLC G 147500 Proceeds from Sale Hatcher at Scyene Title Holding Company K 90000 Cost