WALNUT HILL PROPERTIES CORPORATION: Form 990, tax year 2011

View the entire original 990 at ProPublica ↗

Organization: WALNUT HILL PROPERTIES CORPORATION (EIN 04-3419100)
Tax period: 2011-07-01 to 2012-06-30
Filed: 2013-05-09
IRS object ID: 201301299349301875
Schema version: 2011v1.2
Source: Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header
Form 990
Schedule A
Schedule D
Schedule J
Schedule O
Schedule R

Return header ReturnHeader

Field	Value	IRS element (for citing)
Timestamp	2013-05-09T12:08:10-07:00	Timestamp
Tax Period End Date	2012-06-30	TaxPeriodEndDate

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Field	Value	IRS element (for citing)
Business Name Line1	BERNARD JOHNSON & COMPANY PC	BusinessNameLine1

Preparer Firm US Address PreparerFirmUSAddress

Field	Value	IRS element (for citing)
Address Line1	15 MAIN STREET	AddressLine1
City	TOPSFIELD	City
State	MA	State
ZIP Code	01983	ZIPCode

Field	Value	IRS element (for citing)
Return Type	990	ReturnType
Tax Period Begin Date	2011-07-01	TaxPeriodBeginDate

Filer Filer

Field	Value	IRS element (for citing)
EIN	043419100	EIN

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	WALNUT HILL PROPERTIES CORP	BusinessNameLine1

Field	Value	IRS element (for citing)
Name Control	WALN	NameControl
Phone	7813915300	Phone

US Address USAddress

Field	Value	IRS element (for citing)
Address Line1	PO BOX 53 TUFTS UNIVERSITY BRANCH	AddressLine1
City	MEDFORD	City
State	MA	State
ZIP Code	02155	ZIPCode

Officer Officer

Field	Value	IRS element (for citing)
Name	BRUCE KETCHEN	Name
Title	CLERK	Title
Phone	7813915300	Phone
Date Signed	2012-08-16	DateSigned
Authorize Third Party	true	AuthorizeThirdParty

Preparer Preparer

Field	Value	IRS element (for citing)
Name	RUSSELL A JOHNSON CPA	Name
Phone	9788872220	Phone
Date Prepared	2013-05-09	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2011	TaxYear
Build TS	2016-02-25 16:41:14Z	BuildTS

Form 990 IRS990

Field	Value	IRS element (for citing)
Name Of Principal Officer Person	BRUCE KETCHEN	NameOfPrincipalOfficerPerson

Address Principal Officer US AddressPrincipalOfficerUS

Field	Value	IRS element (for citing)
Address Line1	47 WINTHROP STREET	AddressLine1
City	MEDFORD	City
State	MA	State
ZIP Code	02155	ZIPCode

Field	Value	IRS element (for citing)
Gross Receipts	3362237	GrossReceipts
Group Return For Affiliates	false	GroupReturnForAffiliates
Organization501c3	X	Organization501c3
Web Site	N/A	WebSite
Type Of Organization Corporation	X	TypeOfOrganizationCorporation
Year Formation	1998	YearFormation
State Legal Domicile	MA	StateLegalDomicile
Activity Or Mission Description	TO ACQUIRE & MANAGE RENTAL PROPERTY	ActivityOrMissionDescription
Nbr Voting Members Governing Body	3	NbrVotingMembersGoverningBody
Nbr Independent Voting Members	0	NbrIndependentVotingMembers
Total Nbr Employees	4	TotalNbrEmployees
Total Nbr Volunteers	0	TotalNbrVolunteers
Total Gross UBI	0	TotalGrossUBI
Contributions Grants Current Year	0	ContributionsGrantsCurrentYear
Program Service Revenue Prior Year	3415911	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3345933	ProgramServiceRevenueCY
Investment Income Prior Year	393	InvestmentIncomePriorYear
Investment Income Current Year	18	InvestmentIncomeCurrentYear
Other Revenue Prior Year	14532	OtherRevenuePriorYear
Other Revenue Current Year	16286	OtherRevenueCurrentYear
Total Revenue Prior Year	3430836	TotalRevenuePriorYear
Total Revenue Current Year	3362237	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	181787	SalariesEtcPriorYear
Salaries Etc Current Year	187673	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	3320124	OtherExpensePriorYear
Other Expenses Current Year	3137984	OtherExpensesCurrentYear
Total Expenses Prior Year	3501911	TotalExpensesPriorYear
Total Expenses Current Year	3325657	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	-71075	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	36580	RevenuesLessExpensesCY
Total Assets BOY	18471496	TotalAssetsBOY
Total Assets EOY	18306614	TotalAssetsEOY
Total Liabilities BOY	14504812	TotalLiabilitiesBOY
Total Liabilities EOY	14303350	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	3966684	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	4003264	NetAssetsOrFundBalancesEOY
Mission Description	TO ACQUIRE & MANAGE RENTAL PROPERTY	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	3081124	Expense
Revenue	3341317	Revenue
Description	ORGANIZATION IS ORGANIZED AND OPERATED EXCLUSIVELY FOR THE BENEFIT OF TUFTS UNIVERSITY AND IN THAT CONNECTION IT OWNS 60 REAL PROPERTIES WHICH ARE LEASED FOR RESIDENTIAL AND COMMERCIAL PURPOSES. RESIDENTIAL PROPERTIES ARE LEASED TO FACULTY AND STUDENTS OF TUFTS UNIV.	Description
Total Program Service Expense	3081124	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
Subject To Proxy Tax	false	SubjectToProxyTax
Donor Advised Funds	false	DonorAdvisedFunds
Conservation Easements	false	ConservationEasements
Collections Of Art	false	CollectionsOfArt
Credit Counseling	false	CreditCounseling
Term Or Permanent Endowments	false	TermOrPermanentEndowments
Report Land Bldg Equip	true	ReportLandBldgEquip
Report Invest Oth Securities	false	ReportInvestOthSecurities
Report Prog Rel Invest	false	ReportProgRelInvest
Report Other Assets	false	ReportOtherAssets
Report Other Liabilities	true	ReportOtherLiabilities
Report Fin48 Footnote	false	ReportFin48Footnote
Independent Audit Financial Stmt	true	IndependentAuditFinancialStmt
Consolidated Audit Financial Stmt	true	ConsolidatedAuditFinancialStmt
School	false	School
Foreign Office	false	ForeignOffice
Foreign Activities	false	ForeignActivities
More Than5000 K To Organizations	false	MoreThan5000KToOrganizations
More Than5000 K To Individuals	false	MoreThan5000KToIndividuals
Professional Fundraising	false	ProfessionalFundraising
Fundraising Activities	false	FundraisingActivities
Gaming	false	Gaming
Hospital	false	Hospital
Grants To Organizations	false	GrantsToOrganizations
Grants To Individuals	false	GrantsToIndividuals
Schedule J Required	true	ScheduleJRequired
Tax Exempt Bonds	false	TaxExemptBonds
Excess Benefit Transaction	false	ExcessBenefitTransaction
Prior Excess Benefit Transaction	false	PriorExcessBenefitTransaction
Loan To Officer Or DQP	false	LoanToOfficerOrDQP
Grant To Related Person	false	GrantToRelatedPerson
Bsnss Rltnshp With Organization	false	BsnssRltnshpWithOrganization
Bsnss Rltnshp Thru Family Member	false	BsnssRltnshpThruFamilyMember
Officer Entity With Bsnss Rltnshp	false	OfficerEntityWithBsnssRltnshp
Deductible Non Cash Contributions	false	DeductibleNonCashContributions
Deductible Contributions Of Art	false	DeductibleContributionsOfArt
Terminated	false	Terminated
Partial Liquidation	false	PartialLiquidation
Disregarded Entity	false	DisregardedEntity
Related Entity	true	RelatedEntity
Related Org Controlled Entity	false	RelatedOrgControlledEntity
Transaction Related Entity	false	TransactionRelatedEntity
Activities Conducted Partnership	false	ActivitiesConductedPartnership
Schedule O Required	true	ScheduleORequired
Number Forms Transmitted With1096	0	NumberFormsTransmittedWith1096
Number W2 G Included	0	NumberW2GIncluded
Compliance With Backup Witholding	true	ComplianceWithBackupWitholding
Number Of Employees	4	NumberOfEmployees
Employment Tax Returns Filed	true	EmploymentTaxReturnsFiled
Unrelated Business Income	false	UnrelatedBusinessIncome
Foreign Financial Account	false	ForeignFinancialAccount
Prohibited Tax Shelter Trans	false	ProhibitedTaxShelterTrans
Taxable Party Notification	false	TaxablePartyNotification
Non Deductible Contributions	false	NonDeductibleContributions
Quid Pro Quo Contributions	false	QuidProQuoContributions
Form8282 Property Disposed Of	false	Form8282PropertyDisposedOf
Funds To Pay Premiums	false	FundsToPayPremiums
Premiums Paid	false	PremiumsPaid
Excess Business Holdings	false	ExcessBusinessHoldings
Taxable Distributions	false	TaxableDistributions
Distribution To Donor	false	DistributionToDonor
Indoor Tanning Services	false	IndoorTanningServices
Info In Schedule O Part VI	X	InfoInScheduleOPartVI
Nbr Voting Governing Body Members	3	NbrVotingGoverningBodyMembers
Number Independent Voting Members	0	NumberIndependentVotingMembers
Family Or Business Relationship	false	FamilyOrBusinessRelationship
Delegation Of Management Duties	false	DelegationOfManagementDuties
Changes To Organizing Docs	false	ChangesToOrganizingDocs
Material Diversion Or Misuse	false	MaterialDiversionOrMisuse
Members Or Stockholders	false	MembersOrStockholders
Election Of Board Members	false	ElectionOfBoardMembers
Decisions Subject To Approval	false	DecisionsSubjectToApproval
Minutes Of Governing Body	true	MinutesOfGoverningBody
Minutes Of Committees	true	MinutesOfCommittees
Officer Mailing Address	false	OfficerMailingAddress
Local Chapters	false	LocalChapters
Form990 Provided To Governing Body	true	Form990ProvidedToGoverningBody
Conflict Of Interest Policy	true	ConflictOfInterestPolicy
Annual Disclosure Covered Persons	true	AnnualDisclosureCoveredPersons
Regular Monitoring Enforcement	true	RegularMonitoringEnforcement
Whistleblower Policy	true	WhistleblowerPolicy
Document Retention Policy	true	DocumentRetentionPolicy
Compensation Process CEO	true	CompensationProcessCEO
Compensation Process Other	true	CompensationProcessOther
Investment In Joint Venture	false	InvestmentInJointVenture
States Where Copy Of Return Is Filed	MA	StatesWhereCopyOfReturnIsFiled
Upon Request	X	UponRequest

The Books Are In Care Of TheBooksAreInCareOf

Field	Value	IRS element (for citing)
Name Person	BRUCE KETCHEN	NamePerson
Telephone Number	7813915300	TelephoneNumber

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	47 WINTHROP STREET	AddressLine1
City	MEDFORD	City
State	MA	State
ZIP Code	02155	ZIPCode

Form990 Part VII Section A Form990PartVIISectionA (3 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation
RICHARD W REYNOLDS
PRESIDENT	0.25	X	0	240108	30419
THOMAS MCGURTY
TREASURER	1.00	X	0	312054	61663
BRUCE KETCHEN
CLERK	40.00	X	0	118855	30787

Field	Value	IRS element (for citing)
Total Reportable Comp Frm Rltd Orgs	671017	TotalReportableCompFrmRltdOrgs
Total Other Compensation	122869	TotalOtherCompensation
Formers Listed	false	FormersListed
Total Comp GT150 K	true	TotalCompGT150K
Compensation From Other Sources	false	CompensationFromOtherSources

Program Service Revenue ProgramServiceRevenue (3 entries)

DescriptionDescription	Business CodeBusinessCode	Total Revenue ColumnTotalRevenueColumn
RESIDENTIAL RENTAL	900099	2499605
COMMERCIAL RENTAL	900099	841712
LAUNDRY	900099	4616

Field	Value	IRS element (for citing)
Total Program Service Revenue	3345933	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	18	TotalRevenueColumn
Exclusion	$18	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	Commercial rent reimbursements	Description
Business Code	900099	BusinessCode
Total Revenue Column	16286	TotalRevenueColumn
Related Or Exempt Function Income	16286	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	16286	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3362237	TotalRevenueColumn
Related Or Exempt Function Income	3362219	RelatedOrExemptFunctionIncome
Exclusion	$18	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	159901	Total
Program Services	109019	ProgramServices
Management And General	50882	ManagementAndGeneral
Fundraising	0	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	15540	Total
Program Services	10595	ProgramServices
Management And General	4945	ManagementAndGeneral
Fundraising	0	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	12232	Total
Program Services	8340	ProgramServices
Management And General	3892	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Legal FeesForServicesLegal

Field	Value	IRS element (for citing)
Total	4101	Total
Program Services	3691	ProgramServices
Management And General	410	ManagementAndGeneral
Fundraising	0	Fundraising

Fees For Services Accounting FeesForServicesAccounting

Field	Value	IRS element (for citing)
Total	12040	Total
Program Services	10836	ProgramServices
Management And General	1204	ManagementAndGeneral
Fundraising	0	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	24451	Total
Program Services	7795	ProgramServices
Management And General	16656	ManagementAndGeneral
Fundraising	0	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	837452	Total
Program Services	837452	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	765164	Total
Program Services	765164	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	731951	Total
Program Services	731951	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	11615	Total
Program Services	11615	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (4 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
MAINTENANCE	481157	481157	0
MANAGEMENT FEES	165901	0	165901
BAD DEBTS	92830	92830	0
INTEREST PD ON DEPOSITS	8461	8461	0

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	2861	Total
Program Services	2218	ProgramServices
Management And General	643	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3325657	Total
Program Services	3081124	ProgramServices
Management And General	244533	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	485730	BOY
EOY	175529	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	55552	BOY
EOY	5574	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	113736	BOY
EOY	86581	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	29306526	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	11303471	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	17779003	BOY
EOY	18003055	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	37475	BOY
EOY	35875	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	18471496	BOY
EOY	18306614	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	214079	BOY
EOY	23576	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	19141	BOY
EOY	17130	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	14206179	BOY
EOY	14213453	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	65413	BOY
EOY	49191	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	14504812	BOY
EOY	14303350	EOY

Field	Value	IRS element (for citing)
Follow SFAS117	X	FollowSFAS117

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	3966684	BOY
EOY	4003264	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	3966684	BOY
EOY	4003264	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	18471496	BOY
EOY	18306614	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	36580	ReconcilationRevenueExpenses
Method Of Accounting Accrual	X	MethodOfAccountingAccrual
Accountant Compile Or Review	false	AccountantCompileOrReview
FS Audited	true	FSAudited
Audit Committee	true	AuditCommittee
Financial Statement Both	X	FinancialStatementBoth
Federal Grant Audit Required	false	FederalGrantAuditRequired

Schedule A IRS990ScheduleA

Field	Value	IRS element (for citing)
Supporting Organization509a3	X	SupportingOrganization509a3
Supporting Org509a3 Type1	X	SupportingOrg509a3Type1

Supported Org Information SupportedOrgInformation

Name Name

Field	Value	IRS element (for citing)
Business Name Line1	TUFTS UNIVERSITY	BusinessNameLine1

Field	Value	IRS element (for citing)
EIN	042103634	EIN
Type Of Organization	501(C)3	TypeOfOrganization
Listed In Governing Doc	true	ListedInGoverningDoc
Supported Organization Notified	true	SupportedOrganizationNotified
Organized In US	true	OrganizedInUS
Amount	$1,076,918	Amount

Field	Value	IRS element (for citing)
Total Number Of Supported Orgs	1	TotalNumberOfSupportedOrgs
Sum Of Amounts	1076918	SumOfAmounts
Public Support Total170	0	PublicSupportTotal170

Gross Investment Income170 GrossInvestmentIncome170

Field	Value	IRS element (for citing)
Total	0	Total

Field	Value	IRS element (for citing)
Public Support Pertcentage170	0	PublicSupportPertcentage170
Public Support Total509	0	PublicSupportTotal509
Public Support Percentage509	0	PublicSupportPercentage509
Investment Income Percentage	0	InvestmentIncomePercentage
Facts And Circumstances Test	OTHER ADDL INFO: WALNUT HILL AS A SUPPORTING ORGANIZATION OF TRUSTEES OF TUFTS; COLLEGE (TUFTS) INCURRED THE FOLLOWING COSTS OR REIMBURSED; (TUFTS) FOR THE FOLLOWING EXPENSES:; LEASED PROPERTY TO TUFTS $645,717; SHARING OF PAID EMPLOYEES $165,901; INTEREST EXPENSE REIMBURSEMENT ON DEBT $265,300; TOTAL COSTS INCURRED OR REIMBURSED $1,076,918;	FactsAndCircumstancesTest

Schedule D IRS990ScheduleD

Land Land

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	3678873	InvestmentCostOrOtherBasis
Book Value	3678873	BookValue

Buildings Buildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	25558209	InvestmentCostOrOtherBasis
Depreciation	11258690	Depreciation
Book Value	14299519	BookValue

Equipment Equipment

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	69444	InvestmentCostOrOtherBasis
Depreciation	44781	Depreciation
Book Value	24663	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	18003055	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Rent Deposits	Description
Amount	$49,191	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	49191	TotalOfAmounts
Total Revenue	3362237	TotalRevenue
Total Expenses	3325657	TotalExpenses
Excess Or Deficit For Year	36580	ExcessOrDeficitForYear
Excess Or Deficit Per FS	36580	ExcessOrDeficitPerFS

Schedule J IRS990ScheduleJ

Field	Value	IRS element (for citing)
Severance Payment	false	SeverancePayment
Supplemental Nonqual Retire Plan	false	SupplementalNonqualRetirePlan
Equity Based Comp Arrangement	false	EquityBasedCompArrangement
Comp Based On Revenue Of Filing Org	false	CompBasedOnRevenueOfFilingOrg
Comp Based On Revenue Related Orgs	false	CompBasedOnRevenueRelatedOrgs
Comp Based Net Earnings Filing Org	false	CompBasedNetEarningsFilingOrg
Comp Based Net Earnings Relate Orgs	false	CompBasedNetEarningsRelateOrgs
Any Non Fixed Payments	false	AnyNonFixedPayments
Initial Contract Exception	false	InitialContractException

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Comp Based On Related OrgsCompBasedOnRelatedOrgs	Other Compensation Related OrgsOtherCompensationRelatedOrgs	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Total Compensation Related OrgsTotalCompensationRelatedOrgs
RICHARD W REYNOLDS
237250	2858	30248	171	270527
THOMAS MCGURTY
310658	1396	42166	19497	373717

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (38 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI, Line 11a	THE ORGANIZATION HAS ENGAGED BERNARD, JOHNSON & 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 ORGANIZATIONS' 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 WHICH IS USED TO REVEAL CONFLICTS OF INTEREST
	FOR OFFICERS, KEY EMPLOYEES AND GOVERNING BOARD MEMBERS. THIS DOCUMENT
	IS SENT OUT AT OR NEAR YEAR-END BY THE CORPORATE SECRETARY'S OFFICE. AFTER
	READING THE CONFLICT OF INTEREST POLICY, EACH MEMBER IS REQUIRED TO
	DISCLOSE TO THE CORPORATE SECRETARY ANY POTENTIAL CONFLICTS IN
	A STATEMENT THAT IS SIGNED AND DATED, ANNUALLY.
Pt VI, Line 15	WALNUT HILL PROPERTIES CORPORATION FOLLOWS COMPENSATION GUIDELINES AS
	ESTABLISHED BY ITS PARENT COMPANY, TRUSTEES OF TUFTS COLLEGE. THE
	PROCESS FOR DETERMINING COMENSATION FOR EXECUTIVES, OFFICERS OR
	KEY EMPLOYEES IS DONE SO BY THE TRUSTEES COMPENSATION COMMITTEE USING
	A MULTITUDE OF RESOURCES AND INFORMATION. THE COMMITTEE MEETS AT THE
	END OF EACH FISCAL YEAR AND RELIES ON DATA AND MATERIALS PROVIDED
	FROM HUMAN RESOURCES, WHICH INCLUDE COMPARABLE LOCAL MARKET DATA AS
	WELL AS PEER INSTITUTIONS DATA. ALL COMPENSATION FOR THE ORGANIZATIONS'
	KEY EMPLOYEE, BRUCE KETCHEN, DIRECTOR OF REAL PROPERTY SERVICES, IS PAID
Form 990EZ, Part II, Line 24	ACCOUNTS RECEIVABLE - NET OTHER RECEIVABLES PREPAIDS INVESTMENTS
Form 990EZ, Part II, Line 26	ACCOUNTS PAYABLE & ACCRUED EXPENSES DEFERRED REVENUE BONDS, MORTGAGES & OTHER NOTES
Form 990, Part IX, Line 24f	MISCELLANEOUS 2861. 2218. 643. 0.
	FOR BY THE PARENT COMPANY, TRUSTEES OF TUFTS COLLEGE AND BILLED BACK
	TO WALNUT HILL PROPERTIES CORPORATION AS AN OPERATING COST. AN
	ANNUAL PERFORMANCE REVIEW WAS CONDUCTED IN JUNE, 2012 BY THE ORGANIZATIONS'
	PRESIDENT, WHO IS ALSO THE V.P. OF OPERATIONS OF THE TRUSTEES
	OF TUFTS COLLEGE. ANY INCREASES IN COMPENSATION ARE FORWARDED
	TO HUMAN RESOURCES.
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.

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Field	Value	IRS element (for citing)
Business Name Line1	TUFTS UNIVERSITY	BusinessNameLine1

Address US AddressUS

Field	Value	IRS element (for citing)
Address Line1	169 HOLLAND STREET	AddressLine1
City	SOMERVILLE	City
State	MA	State
ZIP Code	02144	ZIPCode

Field	Value	IRS element (for citing)
EIN	042103634	EIN
Primary Activities	EDUCATION	PrimaryActivities
Legal Domicile State	MA	LegalDomicileState
Exempt Code Section	501(c)3	ExemptCodeSection
Public Charity Status	2	PublicCharityStatus

Direct Controlling Entity Name DirectControllingEntityName

Field	Value	IRS element (for citing)
Business Name Line1	TRUSTEES OF TUFTS COLLEGE	BusinessNameLine1

Field	Value	IRS element (for citing)
Receipt Of Int Ann Rents Royalties	false	ReceiptOfIntAnnRentsRoyalties
Gift Grant Or Cap Contr To Other Org	false	GiftGrantOrCapContrToOtherOrg
Gift Grant Or Cap Contr Fr Other Org	false	GiftGrantOrCapContrFrOtherOrg
Loans Or Guarantees To Other Org	false	LoansOrGuaranteesToOtherOrg
Loans Or Guarantees From Other Org	true	LoansOrGuaranteesFromOtherOrg
Sale Of Assets To Other Org	false	SaleOfAssetsToOtherOrg
Purchase Of Assets From Other Org	false	PurchaseOfAssetsFromOtherOrg
Exchange Of Assets	false	ExchangeOfAssets
Rental Of Facilities To Other Orgs	true	RentalOfFacilitiesToOtherOrgs
Rental Of Facilities Fr Other Orgs	false	RentalOfFacilitiesFrOtherOrgs
Perform Of Services For Other Orgs	false	PerformOfServicesForOtherOrgs
Perform Of Services By Other Orgs	false	PerformOfServicesByOtherOrgs
Sharing Of Facilities	false	SharingOfFacilities
Sharing Of Paid Employees	true	SharingOfPaidEmployees
Reimbursement Paid To Other Org	true	ReimbursementPaidToOtherOrg
Reimbursement Paid By Other Org	true	ReimbursementPaidByOtherOrg
Other Transfer To Other Org	true	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved	Method Of Amt DeterminationMethodOfAmtDetermination
TRUSTEES OF TUFTS COLLEGE
e	14213453	FMV
TRUSTEES OF TUFTS COLLEGE
i	645717	FMV
TRUSTEES OF TUFTS COLLEGE
n	165901	FMV
TRUSTEES OF TUFTS COLLEGE
q	265300	FMV

WALNUT HILL PROPERTIES CORPORATION: Form 990, tax year 2011

Return header ReturnHeader

Preparer Firm PreparerFirm

Preparer Firm Business Name PreparerFirmBusinessName

Preparer Firm US Address PreparerFirmUSAddress

Filer Filer

Name Name

US Address USAddress

Officer Officer

Preparer Preparer

Form 990 IRS990

Address Principal Officer US AddressPrincipalOfficerUS

The Books Are In Care Of TheBooksAreInCareOf

Address US AddressUS

Form990 Part VII Section A Form990PartVIISectionA (3 entries)

Program Service Revenue ProgramServiceRevenue (3 entries)

Investment Income InvestmentIncome

Other Revenue Misc OtherRevenueMisc

Total Revenue TotalRevenue

Other Salaries And Wages OtherSalariesAndWages

Other Employee Benefits OtherEmployeeBenefits

Payroll Taxes PayrollTaxes

Fees For Services Legal FeesForServicesLegal

Fees For Services Accounting FeesForServicesAccounting

Office Expenses OfficeExpenses

Occupancy Occupancy

Interest Interest

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (4 entries)

All Other Expenses AllOtherExpenses

Total Functional Expenses TotalFunctionalExpenses

Cash Non Interest Bearing CashNonInterestBearing

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Accounts Receivable AccountsReceivable

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Other Assets Total OtherAssetsTotal

Total Assets TotalAssets

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Deferred Revenue DeferredRevenue

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Other Liabilities OtherLiabilities

Total Liabilities TotalLiabilities

Unrestricted Net Assets UnrestrictedNetAssets

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Schedule A IRS990ScheduleA

Supported Org Information SupportedOrgInformation

Name Name

Gross Investment Income170 GrossInvestmentIncome170

Schedule D IRS990ScheduleD

Land Land

Buildings Buildings

Equipment Equipment

Other Liabilities OtherLiabilities

Schedule J IRS990ScheduleJ

Form990 Schedule J Part II Form990ScheduleJPartII (2 entries)

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (38 entries)

Schedule R IRS990ScheduleR

Form990 Schedule R Part II Form990ScheduleRPartII

Name Of Disregarded Entity NameOfDisregardedEntity

Address US AddressUS

Direct Controlling Entity Name DirectControllingEntityName

Transactions Related Orgs Table TransactionsRelatedOrgsTable (4 entries)

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