2013-05-09T12:08:10-07:00 2012-06-30 BERNARD JOHNSON & COMPANY PC 15 MAIN STREET TOPSFIELD MA 01983 990 2011-07-01 043419100 WALNUT HILL PROPERTIES CORP WALN 7813915300 PO BOX 53 TUFTS UNIVERSITY BRANCH MEDFORD MA 02155 BRUCE KETCHEN 7813915300 2012-08-16 true RUSSELL A JOHNSON CPA 9788872220 2013-05-09 2011 2016-02-25 16:41:14Z BRUCE KETCHEN 47 WINTHROP STREET MEDFORD MA 02155 3362237 false X N/A X 1998 MA TO ACQUIRE & MANAGE RENTAL PROPERTY 3 0 4 0 0 0 3415911 3345933 393 18 14532 16286 3430836 3362237 0 0 181787 187673 0 0 3320124 3137984 3501911 3325657 -71075 36580 18471496 18306614 14504812 14303350 3966684 4003264 TO ACQUIRE & MANAGE RENTAL PROPERTY false false 3081124 3341317 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. 3081124 true false false false false false false false false false true false false false true false 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 0 0 true 4 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 BRUCE KETCHEN 7813915300 47 WINTHROP STREET MEDFORD MA 02155 RICHARD W REYNOLDS 0.25 X 0 240108 30419 THOMAS MCGURTY 1.00 X 0 312054 61663 BRUCE KETCHEN 40.00 X 0 118855 30787 671017 122869 false true false RESIDENTIAL RENTAL 900099 2499605 COMMERCIAL RENTAL 900099 841712 LAUNDRY 900099 4616 3345933 18 18 Commercial rent reimbursements 900099 16286 16286 16286 3362237 3362219 18 159901 109019 50882 0 15540 10595 4945 0 12232 8340 3892 0 4101 3691 410 0 12040 10836 1204 0 24451 7795 16656 0 837452 837452 0 0 765164 765164 0 0 731951 731951 0 0 11615 11615 0 0 MAINTENANCE 481157 481157 0 0 MANAGEMENT FEES 165901 0 165901 0 BAD DEBTS 92830 92830 0 0 INTEREST PD ON DEPOSITS 8461 8461 0 0 2861 2218 643 0 3325657 3081124 244533 0 485730 175529 55552 5574 113736 86581 29306526 11303471 17779003 18003055 37475 35875 18471496 18306614 214079 23576 19141 17130 14206179 14213453 65413 49191 14504812 14303350 X 3966684 4003264 3966684 4003264 18471496 18306614 36580 X false true true X false X X TUFTS UNIVERSITY 042103634 501(C)3 true true true 1076918 1 1076918 0 0 0 0 0 0 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; 3678873 3678873 25558209 11258690 14299519 69444 44781 24663 18003055 Rent Deposits 49191 49191 3362237 3325657 36580 36580 false false false false false false false false false RICHARD W REYNOLDS 237250 2858 30248 171 270527 THOMAS MCGURTY 310658 1396 42166 19497 373717 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. TUFTS UNIVERSITY 169 HOLLAND STREET SOMERVILLE MA 02144 042103634 EDUCATION MA 501(c)3 2 TRUSTEES OF TUFTS COLLEGE false false false false true false false false true false false false false true true true true false 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