2017-11-15T14:09:33-06:00 2016-12-31 743001153 PMB HELIN DONOVAN LLP 13465 Midway Rd 475 Farmers Branch TX 75244 990 2016-01-01 203395474 Frazier Revitalization Inc FRAZ 4692210704 PO Box 152926 Dallas TX 75315 DOROTHY HOPKINS CEO 4692210704 2017-11-15 1 Brett Burton P00845451 9727885315 2017-11-15 209.163.218.107 2017-11-15 10:34:43 CS P 536304E4D6D406A3EEADB92B1C09409EC7B66FA2 3C98D14460DD816EFAE38A8EA109C16F41C7E653 2016 2017-02-10 21:41:12Z Dorothy Hopkins 5646 Milton Street Ste 407 Dallas TX 75206 1927622 0 X www.frazierdallas.org X 2005 TX Economic, cultural development, and revitalization of the South Dallas Fair Park area 9 9 3 0 0 0 1777297 178708 35156 28609 1329 1001 1088370 1719304 2902152 1927622 118660 230503 0 0 250222 278897 0 0 41246 1393028 1433408 1761910 1942808 1140242 -15186 14253696 13548429 13101673 12411592 1152023 1136837 X Economic, cultural development, and revitalization of the South Dallas Fair Park area. 0 0 1807041 230503 1748914 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 Fay 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 care clinic. The clinic served more than 90,000 patient visits in 2016. The project was financed utilizing the New Markets Tax Credit program.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. 1807041 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 36 0 3 1 0 0 0 0 0 0 0 0 X 9 9 0 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 Dorothy Hopkins President & CEO 40.00 X 25000 94000 6000 25000 94000 6000 0 0 0 0 0 178708 118605 178708 Baylor Contract Agreement 621400 28609 28609 28609 1001 1001 1614051 0 1614051 1614051 1614051 Leverage Loan 531390 104128 104128 Gain on sale of property 531390 1125 1125 105253 1927622 1748914 0 0 230503 230503 131000 91700 19650 19650 109374 86638 17052 5684 30060 21760 6225 2075 8463 6719 1308 436 13805 13805 11379 8438 1805 1136 14925 11068 2367 1490 29521 21891 4682 2948 28905 21434 4585 2886 237 176 37 24 5612 4162 890 560 613009 613009 47807 46825 603 379 37664 27930 5974 3760 Community Programs 408168 408168 Property Mgmt & Mainten 194410 194410 Communications 15192 15192 Property Taxes 10593 10593 2181 1617 346 218 1942808 1807041 94521 41246 X 670734 404190 1001721 1002723 207249 107249 67290 113491 10415250 10415250 210313 160820 1364005 19299 1681139 1344706 14253696 13548429 188102 2934 234653 133985 12535457 12131212 143461 143461 13101673 12411592 X 711632 704588 440391 432249 1152023 1136837 14253696 13548429 -15186 0 X 0 1 X 0 0 X 444920 964836 1881906 1777298 178708 5247668 444920 964836 1881906 1777298 178708 5247668 5247668 31749 -44100 40552 57643 1719304 1805148 7052816 0.74410 0.98690 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1207660 1207660 127426 127426 28919 19299 9620 1344706 1927622 0 1927622 0 1927622 1942808 0 1942808 0 1942808 0 Hatcher at Scyene Title Holding Company PO Box 152926 Dallas TX 75315 471242650 230503 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 Founder/Chairman of Bd of FCE 0 Sch L, Part IV, Business Transactions Involving Interested Persons: (a) Name of Person: J McDonald Williams(b) Description of Transaction: Founder/Chairman of Bd of FCEAs part of the NMTC transaction, FCE loaned Frazier Revitalization $399,284, of which $143,461 is outstanding. X Services 0 118605 Market cost 0 0 0 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 (TOD) 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 (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, 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 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. 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 Officers & positions FRI annual 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 documents upon request. Form 990, Part X, Line 23 Just a note on presentation, on the audited financial statements deferred financing costs are capitalized and amortized on a straight line basis over the life of the loan. Deferred financing costs, net of accumulated amortization are netted against Notes Payable. This presentation change is a result of the FASB issued Accounting Standards Update 2015-03, Interest-Imputation of Interest (Subtopic 835-30): Simplifying the Presentaton of Debt Issuance Costs. The amendments require the debt issuance costs related to recognized debt liability be presented as a direct deduction from the carrying amount of that debt liability. This new requirement was presented on the audited financial statements in 2016, and 2015 was adjusted for consistent presentation. On this tax return, the presentation is consistent with the audited financial statements, but the tax return for 2015 was not adjusted. FRI HS GP LLC PO Box 152926 Dallas TX 75315 274602352 Acquire & maintain land for housing development TX 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 0 0 0 0 0 0 0 0 1 1 0 0 0 0 0 0 0 Hatcher at Scyene Title Holding Company B 230503 Cost Hatcher at Scyene Title Holding Company K 120000 Cost Hatcher at Scyene Title Holding Company L 64542 Cost