2020-07-13T05:25:53-07:00 2019-06-30 BERNARD JOHNSON & COMPANY PC 15 MAIN STREET TOPSFIELD MA 01983 990 2018-07-01 043419100 WALNUT HILL PROPERTIES CORP WALN 7813915300 14 CAPEN STREET MEDFORD MA 02155 JAMES M HURLEY VP FINANCE, CFO AND TREASURER 7813915300 2019-10-09 true TIMOTHY F HAGAN CPA P00365920 9788872220 2020-07-13 96.89.201.101 2020-07-13 05:25:49 PD P 749B956067ABDD24A34B7AE8C9E94A24AADF5CC1 4880D15C5039B6ECA95119BA6EADC766C99B34ED 2018 2020-09-23 17:36:50Z X ROBERT CHIHADE 14 CAPEN STREET MEDFORD MA 02155 3074451 false X N/A X 1998 MA TO ACQUIRE & MANAGE RENTAL PROPERTY 3 0 3 0 0 0 0 3159737 3074451 0 0 3159737 3074451 0 0 245319 241978 0 0 2647061 2791582 2892380 3033560 267357 40891 18387530 19025465 10687895 12170399 7699635 6855066 TO ACQUIRE & MANAGE RENTAL PROPERTY false false 2758587 0 3074451 Organization is organized and operated exclusively for the benefit of Tufts University and in that connection it owns 59 real properties which are leased for residential and commercial purposes. Residential properties are leased to faculty and students of Tufts Univ. 2758587 true false false false false false false false false false true false false false true true true true false false false false false false false false false false false true false false false false false false false false false false false false false true false false false false true 17 0 true 3 true false false false false false false false false false false false false false false false X 3 0 false false false false false false false true true false false true true true true true true true true false MA X ROBERT CHIHADE 7813915300 14 CAPEN STREET MEDFORD MA 02155 BARBARA STEIN PRESIDENT 1.00 X X 0 307706 69446 THOMAS MCGURTY TREASURER 1.00 X X 0 412841 79236 ROBERT CHIHADE CLERK 40.00 X X 0 169515 21018 JAMES WALSH DIRECTOR 3.00 X 0 265757 63743 0 1155819 233443 false true false Creative painting Inc 34 Bow Street Somerville MA 02143 Painting and contractor 390998 American Technolgies Inc 3360 E La Palma Ave Anaheim CA 92806 Construction contractor 233399 WG Daley 574 Boston Ave Medford MA 02155 Plumbing and heating 160637 Lawns Plus 364 Boston Ave Medford MA 02155 Lawn maintenance and snow plowing 156387 Sirois Electric 25 B Street Burlington MA 01803 Electrical 121681 5 RESIDENTIAL RENTAL 900099 2962132 0 0 COMMERCIAL RENTAL 900099 109315 0 0 LAUNDRY 900099 3004 0 0 3074451 3074451 3074451 0 0 206213 206213 0 0 20000 15409 4591 0 15765 12146 3619 0 4441 4441 0 0 14500 14500 0 0 41828 9032 32796 0 856230 855447 783 0 275403 275403 0 0 847609 847609 0 0 1280 1280 0 0 MAINTENANCE 512759 512759 0 0 MANAGEMENT FEES 227964 0 227964 0 BAD DEBTS 1297 1297 0 0 MISCELLANEOUS 7281 3051 4230 0 990 0 990 0 3033560 2758587 274973 0 797659 483970 5583 5584 182653 681680 30669047 12830119 17384124 17838928 17511 15303 18387530 19025465 438050 864877 32271 12839 10200000 10200000 17574 1092683 10687895 12170399 X 7699635 6855066 7699635 6855066 18387530 19025465 X 40891 -885460 X false true X true false X X 1 TUFTS UNIVERSITY 042103634 2 true 1488590 0 1 1488590 0 0 0 0 0 true false false false false false false false false false false false false false false true false 3277361 3277361 27303101 12755911 14547190 88585 74208 14377 17838928 RENT DEPOSITS 10486 OTHER ACCRUED EXPENSES 9402 TERM LOAN WITH TRUSTEES 1072795 1092683 X 3074451 3074451 3074451 3033560 3033560 3033560 Pt X, Line 2 The Company is exempt from income tax under section 501(c)3 of the Internal Revenue Code. However, income from certain activities not directly related to its tax-exempt purpose is subject to taxation as unrelated business income. Management has evaluated its tax positions applying a "more likely than not" standard, and believes there are no material uncertainties in the income taxes. false false false false false false false false false BARBARA STEIN 0 307223 0 0 0 483 0 40830 0 28616 0 377152 0 0 THOMAS MCGURTY 0 407210 0 0 0 5631 0 53330 0 25906 0 492077 0 0 ROBERT CHIHADE 0 169297 0 0 0 218 0 19100 0 1918 0 190533 0 0 JAMES WALSH 0 222771 0 21963 0 21024 0 32155 0 31588 0 329501 0 0 Pt VI, Line 11b The organization has engaged Bernard, Johnson, Hagan, Couto and Company, PC to prepare and sign the tax return as paid preparer. A final Form 990 was reviewed by senior management. Also, the internal tax department of the Organization's Parent Company, Trustees of Tufts College reviewed the document. Thereafter, the return was provided to the full governing body prior to filing the return with the IRS. Pt VI, Line 12c The Walnut Hill Properties Corporation, being a wholly owned subsidiary of Trustees of Tufts College, requires all employees to adhere to the policies of its parent company. As a result, Trustees of Tufts College maintains an annual statement of compliance and disclosure form questionnaire which is used to reveal conflicts of interest. All employees are required to disclose to the Executive Vice-President any potential conflicts of interest in a statement that is signed and dated, annually. Pt VI, Line 15a Walnut Hill Properties Corporation follows compensation guidelines as established by its parent company, Trustees of Tufts College. Pt VI, Line 15b The process for determining compensation for Executives, Officers or Key Employees is done so by the Trustees compensation committee using a multitude of resources and external compensation survey information. All compensation for the organization's key employee, The Director of Real Property Services, is paid for by the Parent Company, Trustees of Tufts College and billed back to Walnut Hill Properties Corporation as an operating cost. Pt VI, Line 19 The Organization makes its governing documents, conflict of interest policy and financial statements available to the public. All are available upon request. Pt XI The Organization refinanced its debt with the bank. As a result the old financing costs were written off, resulting in a loss from refinancing of $29,606. Pt XI The Organization transferred the net carrying value of several properties to Tufts University during the year, resulting in a transfer of equity to related party of $885,460. Form 990, Part IX, Line 24e ARCHITECTUAL FEES 990. 0. 990. 0. Trustees of Tufts College 169 Holland Street Somerville MA 02144 042103634 Education MA 501(c)3 2 NA false The Omidyar-Tufts Microfinance Fund 169 Holland Street Somerville MA 02144 043828582 Relief of Poor & Education Grants MA 501(c)3 1 NA false Tufts Shared Services Inc 171 Harrison Ave PO Box 634 Boston MA 02111 237000827 Coordinate Health & Educational Services MA 501(c)3 1 NA false Tufts Veterinary Emergency Treatment & Specialties Inc 200 Westborough Road North Grafton MA 02158 043430674 Veterinary Emergency Treatment & Care MA 501(c)3 10 NA false Tufts University Post-Retirement Plan 169 Holland Street Somerville MA 02144 043236078 VEBA MA 501(c)9 NA false Tufts Global Inc 169 Holland Street Somerville MA 02144 474543971 Foreign Operations Support Organization MA 501(c)3 1 NA false Civic Education Foundation 169 Holland Street Somerville MA 02144 046111643 Raise Civic Awareness MA 501(c)3 10 NA false JM Holdings Inc 169 Holland Street Somerville MA 02144 043184043 Real Estate Development MA NA C 0.00000 false Perpetual Trusts (8) 169 Holland Street Somerville MA 02144 Support MA NA T 0.00000 false Charitable Lead Trusts (28) 169 Holland Street Somerville MA 02144 Support MA NA T 0.00000 false Tufts University Charitable Trust 169 Holland Street Somerville MA 02144 516581922 Support HK NA T 0.00000 false false false false false true false false false true true false true true false true true true false false Trustees of Tufts College e 11272795 Fair Market Value Trustees of Tufts College i 885460 Fair Market Value Trustees of Tufts College j 1260626 Fair Market Value Trustees of Tufts College m 227964 Fair Market Value Trustees of Tufts College l 282794 Fair Market Value