2018-11-13T13:05:58-06:00 2017-12-31 823247531 Still Burton LLP 13465 Midway Road Suite 475 Farmers Branch TX 75244 990 2017-01-01 203395474 Frazier Revitalization Inc FRAZ 4692210704 PO Box 152926 Dallas TX 75315 DOROTHY HOPKINS CEO 4692210704 2018-11-13 1 Brett K Burton P00845451 4697011710 108.60.194.250 2018-11-13 10:00:28 CS P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 6C9B1A35775087DBDB8A6D25ECA509C7F6C27838 2017 2019-02-21 02:37:17Z Dorothy Hopkins PO Box 152926 Dallas TX 75315 2003057 0 X www.frazierdallas.org X 2005 TX Economic, cultural development, and revitalization of the South Dallas Fair Park area. 10 10 2 21 0 0 178708 249229 28609 28862 1001 1748 1719304 1723218 1927622 2003057 230503 241680 0 0 278897 261127 0 0 29524 1433408 1480569 1942808 1983376 -15186 19681 13548429 13228503 12411592 12071985 1136837 1156518 X Economic, cultural development, and revitalization of the South Dallas Fair Park area. 0 0 1837913 241680 1753828 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 more than 110,000 patient visits in 2017. The project was financed utilizing the New Markets Tax Credit program. 1837913 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 34 0 2 1 0 0 0 0 0 0 0 0 X 10 10 1 0 0 0 0 0 1 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 5.00 X 0 0 0 J McDonald Williams Trustee 5.00 X 0 0 0 Lucy Cain Trustee/Secretary 5.00 X X 0 0 0 Beverly Debase Trustee 5.00 X 0 0 0 Paul W Harris Trustee 5.00 X 0 0 0 Patricia S Williams Trustee 5.00 X 0 0 0 Antong Lucky Trustee 5.00 X 0 0 0 Steve Modory Trustee 5.00 X 0 0 0 Benjamin Glispie Trustee 5.00 X 0 0 0 Sonya Woods Trustee 5.00 X 0 0 0 Dorothy Hopkins President & CEO 40.00 X 25000 94000 6000 25000 94000 6000 0 0 0 0 0 249229 108590 249229 Baylor Contract Agreement 621400 28862 28862 28862 1748 1748 1619066 0 1619066 1619066 1619066 Leverage Loan 531390 104152 104152 104152 2003057 1753828 0 0 241680 241680 131000 91700 19650 19650 92255 70315 21940 30832 22357 8475 7040 5296 1744 29557 27307 2250 14446 10493 2866 1087 16062 11666 3187 1209 17325 12584 3437 1304 31287 22725 6208 2354 2253 1636 447 170 598608 598608 46756 46004 546 206 44930 32635 8914 3381 Community Programs 412286 412286 Property Mgmt & Mainten 217950 217950 Communications 35845 35845 Property Taxes 11096 11096 2168 1575 430 163 1983376 1837913 115939 29524 404190 190827 1002723 1004470 107249 12500 113491 6485 10415250 10415250 160820 153927 1467091 22047 1344706 1445044 13548429 13228503 2934 5646 133985 12131212 11922878 143461 143461 12411592 12071985 X 704588 800823 432249 355695 1136837 1156518 13548429 13228503 19681 0 X 0 1 X 0 0 X 964836 1881906 1777298 178708 249229 5051977 964836 1881906 1777298 178708 249229 5051977 5051977 -44100 40552 57643 1719304 1723218 3496617 8548594 0.59100 0.74410 X 1310746 1310746 127426 127426 28919 22047 6872 1445044 2003057 0 2003057 0 2003057 1983376 0 1983376 0 1983376 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 Employee of J. McDonald Williams 0 J McDonald Williams Trustee 143461 J McDonald Williams is the founder of the Foundation for Community Empowerment. As a part of the NMTC transaction, FCE loaned FRI $399,284 of which $143,461 is outstanding. 0 X Services 0 108590 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 term loan (Senir Loan) to the Oraganization, part of which was used to fund a $10.45 million "Laverage 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 Lavergae 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. The Organization also continues its community outreach as part of the overall comprehemsive 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. 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 A, line 7b The board meets periodically to review financial statements and to provide guidance and governance for FRI. 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 Frazier Revitalization Inc Hatcher at Scyene Title Holding PO Box 152926 Dallas TX 75206 471242650 Property management and title holding TX Title holding compan 0 Frazier HS LP PO Box 152926 Dallas TX 75206 274079924 Acquire & maintain land for housing development TX Frazier Revitalization Inc Related 0 0 0.99900 0 1 0 0 0 0 0 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