2020-11-11T10:17:13-06:00 2019-12-31 823247531 Still Burton LLP 13465 Midway Road Suite 475 Farmers Branch TX 75244 990 2019-01-01 203395474 Frazier Revitalization Inc FRAZ 4692210704 PO Box 152926 Dallas TX 75315 DOROTHY HOPKINS CEO 4692210704 2020-11-06 1 Brett K Burton P00845451 4697011710 108.60.194.250 2020-11-06 15:59:40 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2019 2021-01-29 14:40:06Z Dorothy Hopkins PO Box 152926 Dallas TX 75315 4766526 0 X www.frazierdallas.org X 2005 TX Economic, cultural development, and revitalization of the South Dallas Fair Park area. 9 9 3 9 0 0 232175 3019324 15395 0 4193 16160 1723755 1731042 1975518 4766526 241680 241680 0 0 301580 341856 0 0 45558 1320390 1261490 1863650 1845026 111868 2921500 13149820 15718074 11881434 11528188 1268386 4189886 X Economic, cultural development, and revitalization of the South Dallas Fair Park area. 0 0 1678605 241680 1747202 Frazier Revitalization continues to work within the framework and in accordance with the comprehensive revitalization plan adopted by the City of Dallas. Frazier Revitalization 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 & Hospital System, opening in 2015 as a community oriented primary clinic. The clinic served over 23,000 unique patients, completing over 86,000 patient visits in 2019. The project was financed utilizing the New Markets Tax Credit program. Phase 2 of the development includes a 4,340 square foot clinic that is being constructed by a wholly owned subsidiary of Frazier Revitalization, that once completed, will be donated to Texas A&M University System, specifically the Dental College, for their use as a dental clinic. The 8 chair state of art clinic will be completed in the fall of 2020. 1678605 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 43 0 3 1 0 0 0 0 0 0 0 0 0 0 X 9 9 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 Chairman of the Board 1.00 X 0 0 0 J McDonald Williams Trustee 1.00 X 0 0 0 Lucy Cain Trustee/Secretary 1.00 X X 0 0 0 Beverly Debase Trustee 1.00 X 0 0 0 Patricia S Williams Trustee 1.00 X 0 0 0 Antong Lucky Trustee 1.00 X 0 0 0 Steve Modory Trustee 1.00 X 0 0 0 Benjamin Glispie Trustee 1.00 X 0 0 0 Dorothy Hopkins President & CEO 40.00 X X 25000 94000 6000 Sonya Woods Trustee 1.00 X 0 0 0 25000 94000 6000 0 0 0 0 0 3019324 225538 3019324 16160 16160 1626889 0 1626889 1626889 1626889 Leverage Loan 531390 104153 104153 104153 4766526 1747202 0 0 241680 241680 131000 78600 32750 19650 154596 119080 35516 44434 31101 13333 11826 9109 2717 2215 2215 15220 10591 3754 875 22689 15788 5596 1305 14017 9754 3457 806 27793 19341 6855 1597 4128 2873 1018 237 569055 569055 46756 45920 678 158 49938 34751 12317 2870 Community Programs 294380 294380 Property Mgmt & Mainten 181445 181445 Communications 20572 1855 657 18060 Property Taxes 13282 13282 1845026 1678605 120863 45558 130518 2407711 1008664 1014441 6058 3500 10415250 10415250 147035 140143 1764574 27545 1442295 1737029 13149820 15718074 36739 62648 11701234 11465540 143461 11881434 11528188 X 1137082 1963051 131304 2226835 1268386 4189886 13149820 15718074 2921500 0 X 0 1 X 0 0 X 1777298 178708 249229 232175 3019324 5456734 1777298 178708 249229 232175 3019324 5456734 5456734 57643 1719304 1723218 1723755 1741236 6965156 12421890 0.43930 0.45070 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1316896 1316896 418759 418759 28919 27545 1374 1737029 4766526 0 4766526 0 4766526 1845026 0 1845026 0 1845026 0 Hatcher at Scyene Title Holding Company PO Box 152926 Dallas TX 75315 471242650 241680 Book Contributions to QALIC B X 0 0 0 0 0 0 0 0 0 Dorothy Hopkins President & CEO 25000 In 2019 Dorothy Hopkins was paid a stipend of $25,000 that was accrued in 2018. A stipend of $25,000 was accrued in 2019 that will be paid in 2020. She is an employee of J. McDonald Williams, a Trustee of the Organization. 0 J McDonald Williams Trustee 152338 The Organization owed $143,461 plus interest to the Foundation for Community Empowerment. As part of the NMTC transaction, FCE loaned the Organization $399,284. J. McDonald Williams is the founder and chairman of the board of FCE. In 2019 the Organization paid $152,338 (the outstanding balance of 143,461 plus interest) to FCE. 0 X Services 0 223538 Market cost 0 0 0 Form 990, Part III, Line 4a, Program Service Accomplishments: 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. Form 990, Part III, Line 4a The Organization continued to strategically assemble land in accordance with the comprehensive revitalization plan adopted by the City of Dallas. FRI, continues to work toward a planned development at the corner of Hatcher (now Elsie Faye Heggins) and Scyene to be the catalyst transit oriented development (TDO) as prescribed in the comprehensive revitalization plan of the City and community, and TOD study also adopted by the City. 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 $11,7 million term loan (Senior Loan) to the Oraganization, 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, is a Qualified Active Low-Income Community business. Construction of the facility was completed in April 2015 and opened in May 2015. In 2019 FRI received an anonymous grant to construct a 4,320 square foot dental clinic to be used by the Texas A&M System, specifically the dental college. FRI HS GP, LLC, a wholly owned subsidiary of FRI purchased land from FRI for the site, construction began in 2020. Once completed, the land and facility will be deeded to Texas A&M. Completion is expected in the fall of 2020. The Organization also continues its community outreach as part of the overall comprehensive redevelopment plan. In 2015 the Organization branded the initiative as Partners in Progress, and laid a platform for an out of school time network of provider organizations, to provide quality out of school time programming to youth in the Frazier neighborhoods. In 2019, Frazier Revitalization's afterschool program serviced over 100 unique students grades K-8, with a particular focus on Social and Emotional Learning. 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 on any matters to which conflict relates by the board. 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: FRI 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 2541553 2560879 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 241680 Cost Hatcher at Scyene Title Holding Company K 120000 Cost Hatcher at Scyene Title Holding Company C 190099 Cost FRI HS GP LLC B 117537 Market cost of in-kind services FRI HS GP LLC B 2413821 Cost FRI HS GP LLC G 147500 Market Value - Appraisal