2016-11-14T08:41:51-06:00 2015-12-31 743001153 PMB HELIN DONOVAN LLP 5550 LBJ Freeway Suite 750 Dallas TX 75240 990 2015-01-01 203395474 Frazier Revitalization Inc FRAZ 4692210704 PO Box 15926 Dallas TX 75315 DOROTHY HOPKINS CEO 4692210704 2016-11-09 1 Mary Hennington P00141326 9727885315 2015 2017-02-10 21:41:12Z Dorothy Hopkins 5646 Milton Street Ste 407 Dallas TX 75206 2902152 0 X www.fridallas.org X 2005 TX Economic, cultural development, and revitalization of the South Dallas Fair Park area 9 9 2 9 0 0 1881906 1777297 629437 35156 737 1329 40552 1088370 2552632 2902152 3633134 118660 0 0 238207 250222 0 0 27498 713714 1393028 4585055 1761910 -2032423 1140242 14321091 14253696 14309312 13101673 11779 1152023 Economic, cultural development, and revitalization of the South Dallas Fair Park area. 0 0 1667739 118660 1065884 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 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).Frazier Revitalization also continues its community outreach as part of the overall comprehensive redevelopment plan. 1667739 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 1 1 0 0 0 1 1 0 0 0 1 41 0 2 1 0 0 0 0 0 0 0 0 X 9 9 1 0 0 0 0 0 1 1 1 0 0 1 1 1 1 0 0 1 1 0 X Tabatha Allen 4692210703 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 85323 5446 25000 85323 5446 0 0 0 0 0 1777297 139699 1777297 Baylor Contract Agreement 621400 35156 35156 35156 1329 1329 1028683 0 1028683 1028683 1028683 Leverage Loan 531390 104152 104152 Other Income 531390 11344 11344 Loss on sale of property 531390 -55809 -55809 59687 2902152 1124855 0 0 118660 118660 123500 98800 12350 12350 94942 73262 16274 5406 24520 17396 5343 1781 7260 5605 1241 414 21149 3000 18149 15197 11847 2138 1212 14088 10983 1982 1123 3395 2646 478 271 600 468 84 48 6934 5405 976 553 7302 5693 1027 582 630216 630216 45170 44407 487 276 41613 32440 5855 3318 Community Programs 457557 457557 Property Mgmt & Mainten 134091 134091 Property Taxes 13663 13663 Dues 2053 1600 289 164 1761910 1667739 66673 27498 216921 670734 1395939 1001721 307249 207249 170000 67290 10415250 10415250 247427 210313 1706856 25717 1568305 1681139 14321091 14253696 64332 188102 120696 234653 13725000 12535457 399284 143461 14309312 13101673 X -422830 711632 434609 440391 11779 1152023 14321091 14253696 1140242 0 X 0 1 X 0 0 X 679305 444920 964836 1881906 1777298 5748265 679305 444920 964836 1881906 1777298 5748265 5748265 -9750 31749 -44100 40552 57643 76094 5824359 0.98690 0.99010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1239239 1239239 442193 442193 25424 25717 -293 1681139 2957961 55809 55809 2902152 0 2902152 1817719 55809 55809 1761910 0 1761910 Part XI, Line 2d - Other Adjustments: Loss on Sale of Land Part XII, Line 2d - Other Adjustments: Loss on Sale of Land Part XII, Line 4b - Other Adjustments: Loss on Sale of Land Schedule Part XI Line 4b and Part XII Line 4b $55,809 is the loss on reversion of land bank properties to the City of Dallas 0 Hatcher at Scyene Title Holding Company PO Box 152926 Dallas TX 75315 471242650 104428 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 part of the NMTC transaction, FCE loaned FRI $399,284. 0 X Services 0 114699 Market cost X Rent 0 25000 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 2 DESCRIPTION OF RELATIONSHIP: HOBLITZELLE FOUNDATION GUARANTEES A PORTION OF A NOTE PAYABLE FOR FRI. THE PRESIDENT AND CEO, AND THE TREASURER OF HOBLITZELLE FOUNDATION ARE BOTH ON FRAZIER'S BOARD. The loan was repaid in 2014. 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 11 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 STATEMENT 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 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 INTERST POLICY AND FINANCIAL STATEMENTS TO GENERAL PUBLIC: FRI POROVIDES THE CONFLICT OF INTEREST POLICY, FINANCIAL STATEMENTS AND GOVERNING DOCUMENTS 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 1 1 1 0 0 0 0 1 1 1 0 0 0 0 1 0 0 HATCHER AT SCYENE TITLE HOLDING COMPANY B 104428 COST HATCHER AT SCYENE TITLE HOLDING COMPANY C 265313 COST HATCHER AT SCYENE TITLE HOLDING COMPANY K 80000 COST