2017-05-12T05:45:46-07:00 2016-06-30 BERNARD JOHNSON & COMPANY PC 15 MAIN STREET TOPSFIELD MA 01983 990 2015-07-01 043419100 WALNUT HILL PROPERTIES CORP WALN 7813915300 47 WINTHROP STREET MEDFORD MA 02155 ROBERT CHIHADE CLERK 7813915300 2017-04-18 true TIMOTHY F HAGAN CPA 9788872220 2015 2021-01-29 14:40:06Z ROBERT CHIHADE 47 WINTHROP STREET MEDFORD MA 02155 3802027 false X N/A X 1998 MA TO ACQUIRE & MANAGE RENTAL PROPERTY 3 0 3 0 0 0 3077622 3206584 484074 15299 0 3092921 3690658 0 0 229844 186280 0 0 2842327 2886971 3072171 3073251 20750 617407 16904881 17565381 10411667 10484366 6493214 7081015 TO ACQUIRE & MANAGE RENTAL PROPERTY FOR THE BENEFIT OF TUFTS UNIVERSITY false false 2760220 3201779 ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF TUFTS UNIVERSITY AND IN THAT CONNECTION IT OWNS 65 REAL PROPERTIES WHICH ARE LEASED FOR RESIDENTIAL AND COMMERCIAL PURPOSES. RESIDENTIAL PROPERTIES ARE LEASED TO FACULTY AND STUDENTS OF TUFTS UNIV. 2760220 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 true 8 0 true 3 true 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 47 WINTHROP STREET MEDFORD MA 02155 LINDA SNYDER PRESIDENT 1.00 X X 0 281009 54480 THOMAS MCGURTY TREASURER 1.00 X X 0 370615 69782 JAMES WALSH DIRECTOR 10.00 X 0 135194 33346 ROBERT CHIHADE CLERK 40.00 X X 0 154431 19273 941249 176881 false true false Creative painting 34 Bow Street Somerville MA 02143 Painting 490615 WG Daley 574 Boston Ave Medford MA 02155 Plumbing and heating 218336 Lawns Plus 364 Boston Ave Medford MA 02155 Lawn maintenance and snow plowing 145270 Sirois Electric 25 B Street Burlington MA 01803 Electrical 126211 4 RESIDENTIAL RENTAL 900099 3093774 COMMERCIAL RENTAL 900099 108005 LAUNDRY 900099 4805 3206584 595443 111369 484074 484074 484074 3690658 3206584 484074 159633 102303 57330 0 14445 8712 5733 0 12202 7820 4382 0 188 188 0 0 12600 11340 1260 0 95260 10024 85236 0 747738 747738 0 0 518548 518548 0 0 777611 777611 0 0 11039 11039 0 0 MAINTENANCE 551947 551947 0 0 MANAGEMENT FEES 154928 0 154928 0 BAD DEBTS 5133 5133 0 0 MISCELLANEOUS 11979 7817 4162 0 3073251 2760220 313031 0 45582 939556 5580 5581 144809 151945 27371673 10925305 16677830 16446368 31080 21931 16904881 17565381 178122 214832 31094 42401 10181465 10200000 20986 27133 10411667 10484366 X 6493214 7081015 6493214 7081015 16904881 17565381 X 617407 -29606 X false true X true false X X 1 TUFTS UNIVERSITY 042103634 5 true 1226886 0 1 1226886 0 0 0 0 0 0 0 true false false false false false false false false false false false false false false false true false 3163305 3163305 24128166 10885559 13242607 80202 39746 40456 16446368 RENT DEPOSITS 20986 ACCRUED EXPENSES 6147 27133 X 3690659 3690659 3690659 3073251 3073251 3073251 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 LINDA SNYDER 275020 5989 34643 19837 335489 THOMAS MCGURTY 368013 2602 47526 22256 440397 JAMES WALSH 135002 192 17340 16006 168540 ROBERT CHIHADE 154305 126 17346 1927 173704 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. Form 990EZ, Part II, Line 24 Accounts Receivable - Net Form 990EZ, Part II, Line 24 Other Receivables Form 990EZ, Part II, Line 24 Prepaids Form 990EZ, Part II, Line 24 Investments Form 990EZ, Part II, Line 26 Accounts Payable & Accrued Expenses Form 990EZ, Part II, Line 26 Deferred Revenue Form 990EZ, Part II, Line 26 Bonds, Mortgages & Other Notes Trustees of Tufts College 169 Holland Street Somerville MA 02144 042103634 EDUCATION MA 501(c)3 2 NA false false false false false true false false false false true false false true false true true true true false Trustees of Tufts College e 10200000 Fair Market Value Trustees of Tufts College j 1071958 Fair Market Value Trustees of Tufts College m 154928 Fair Market Value Trustees of Tufts College r 1181465 Fair Market Value