2015-11-04T14:27:49-06:00 2014-12-31 743001153 PMB HELIN DONOVAN LLP 5550 LBJ FREEWAY SUITE 750 DALLAS TX 75240 990 2014-01-01 203395474 FRAZIER REVITALIZATION INC FRAZ 4692210704 5646 MILTON STREET NO 407 DALLAS TX 75206 DOROTHY HOPKINS CEO 4692210704 2015-10-27 1 MARY HENNINGTON P00141326 9727885315 2014 2016-03-07 17:11:31Z DOROTHY HOPKINS 5646 MILTON STREET SUITE 407 DALLAS TX 75206 2552632 0 X WWW.FRIDALLAS.ORG X 2005 TX ECONOMIC, CULTURAL DEVELOPMENT, AND REVITALIZATION OF THE SOUTH DALLAS FAIR PARK AREA 10 10 2 10 0 0 964836 1881906 33007 629437 0 737 -44100 40552 953743 2552632 0 3633134 0 0 70824 238207 0 0 21582 384325 713714 455149 4585055 498594 -2032423 3986712 14321091 2251141 14309312 1735571 11779 ECONOMIC, CULTURAL DEVELOPMENT, AND REVITALIZATION OF THE SOUTH DALLAS FAIR PARK AREA 0 0 4512786 3633134 629437 FRI CONTINUES 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 AND SCYENE TO BE THE CAYALYST TRANSIT-ORIENTED DEVELOPMENT (TOD) AS PRESCRIBED IN THE COMPREHENSIVE REVITALIZATION PLAN OF THE CITY AND COMMUNITY, AND TOD STUDY ALSO ADOPTED BY THE CITY. FRI ALSO CONTNIUES ITS COMMUNITY OUTREACH AS PART OF THE OVERALL COMPREHENSIVE REDEVELOPMENT PLAN. 4512786 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 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 ALLEN 4692210703 5646 MILTON STREET STE 407 DALLAS TX 75206 RICHARD KNIGHT CHAIRMAN OF THE BOARD 5.00 X 0 0 0 J MCDONALD WILLIAMS TRUSTEE 20.00 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 0 105000 5733 0 105000 5733 0 0 0 0 BOKA POWELL 8070 PARK LANE 300 DALLAS TX 75231 ARCHICHETURAL 313267 HILL WILKINSON 2703 TELECOM PKWY 120 RICHARDSON TX 75082 CONTRACTOR 276195 2 1881906 172571 1881906 DEVELOPER FEE 611430 600000 600000 BAYLOR CONTRACT AGREEM 621400 29437 29437 629437 737 737 9300 0 9300 9300 9300 LEVERAGE LOAN 531390 35297 35297 LOSS ON SALE OF PROPER 531390 -4045 -4045 31252 2552632 670726 0 0 3633134 3633134 92000 73600 9200 9200 117335 96039 15546 5750 19321 12946 4781 1594 9551 7614 1453 484 18543 15543 3000 18349 14651 2386 1312 12324 9840 1603 881 218 174 28 16 605 483 79 43 7189 5740 935 514 1843 1471 240 132 249378 240955 8423 16483 15654 535 294 17231 13758 2241 1232 COMMUNITY PROGRAMS 337732 337732 PROPERTY MGMT & MAINTEN 29676 29676 PROPERTY TAXES 11573 11573 DUES 1824 1457 237 130 -9254 -9254 4585055 4512786 50687 21582 302735 216921 1395939 307249 140614 170000 10415250 247427 1585966 17661 3543363 1568305 3986712 14321091 145193 64332 113699 120696 1992249 13725000 399284 2251141 14309312 X 1422733 -422830 312838 434609 1735571 11779 3986712 14321091 X -2032423 308632 X 1 X 1 X 0 0 X 710328 679305 444920 964836 1881906 4681295 710328 679305 444920 964836 1881906 4681295 4681295 28574 -9750 31749 -44100 40552 47025 4728320 0.99010 0.99400 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 1131514 1131514 429028 429028 25424 17661 7763 1568305 2556677 4045 4045 2552632 0 2552632 4589100 4045 4045 4585055 0 4585055 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 $4,045 IS THE LOSS ON REVERSION OF LAND BANK PROPERTIES TO THE CITY OF DALLAS 0 HATCHER AT SCYENE TITLE HOLDING COMPANY 5646 MILTON STREET STE 407 DALLAS TX 75206 471242650 3623534 BOOK CONTRIBUTION TO QALIC B KWANZAAFEST PO BOX 224725 DALLAS TX 75222 752851704 5000 BOOK EDUCATIONAL EVENT X 0 0 0 0 0 0 0 0 0 DOROTHY HOPKINS PRESIDENT & CEO 0 EMPLOYEE OF J. MCDONALD WILLIAMS 0 J MCDONALD WILLIAMS TRUSTEE 399284 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 172571 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. THE ORGANIZATION ALSO CONTINUES ITS COMMUNITY OUTREACH AS PART OF THE OVERALL COMPREHENSIVE REDEVELOPMENT PLAN. IN 2014 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 BOARD 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. FORM 990, PART XI, LINE 9: OTHER ADJUSTMENTS 308,632. FORM 990 PART XI LINE 9 WHEN THE NMTC FINANCING CLOSED FRI WAS REPAID FOR ITEMS THAT WERE PREVIOUSLY EXPENSED, IE INTEREST, TAXES( BASICALY COST OF CARRYING THE LAND PRIOR TO IT BEING PUT IN DEVELOPMENT). FRI HS GP LLC 5646 MILTON ST STE 407 DALLAS TX 75206 274602352 ACQUIRE & MAINTAIN LAND FOR HOUSING DEVELOPMENT TX FRAZIER REVITALIZATION INC HATCHER AT SCYENE TITLE HOLDING 5646 MILTON ST STE 407 DALLAS TX 75206 471242650 PROPERTY MANAGEMENT AND TITLE HOLDING TX TITLE HOLDING COMPAN 0 FRAZIER HS LP 5646 MILTON ST STE 407 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 FRAZIER HS LP A 1718215 COST HATCHER AT SCYENE TITLE HOLDING COMPANY B 3623534 COST HATCHER AT SCYENE TITLE HOLDING COMPANY C 1033448 COST HATCHER AT SCYENE TITLE HOLDING COMPANY J 120000 COST HATCHER AT SCYENE TITLE HOLDING COMPANY D 14700000 COST HATCHER AT SCYENE TITLE HOLDING COMPANY M 600000