WALNUT HILL PROPERTIES CORPORATION: Form 990, tax year 2010

View the entire original 990 at ProPublica ↗

Organization: WALNUT HILL PROPERTIES CORPORATION (EIN 04-3419100)
Tax period: 2010-07-01 to 2011-06-30
Filed: 2012-04-06
IRS object ID: 201240979349300419
Schema version: 2010v3.2
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	2012-04-06T12:55:36-07:00	Timestamp
Tax Period End Date	2011-06-30	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	2010-07-01	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	2011-11-16	DateSigned

Preparer Preparer

Field	Value	IRS element (for citing)
Name	RUSSELL A JOHNSON CPA	Name
Phone	9788872220	Phone
Date Prepared	2012-04-06	DatePrepared

Field	Value	IRS element (for citing)
Tax Year	2010	TaxYear
Build TS	2016-02-24 21:20:13Z	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	3430836	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	3344926	ProgramServiceRevenuePriorYear
Program Service Revenue CY	3415911	ProgramServiceRevenueCY
Investment Income Prior Year	1437	InvestmentIncomePriorYear
Investment Income Current Year	393	InvestmentIncomeCurrentYear
Other Revenue Prior Year	9533	OtherRevenuePriorYear
Other Revenue Current Year	14532	OtherRevenueCurrentYear
Total Revenue Prior Year	3355896	TotalRevenuePriorYear
Total Revenue Current Year	3430836	TotalRevenueCurrentYear
Grants And Similar Amnts CY	0	GrantsAndSimilarAmntsCY
Benefits Paid To Members CY	0	BenefitsPaidToMembersCY
Salaries Etc Prior Year	166876	SalariesEtcPriorYear
Salaries Etc Current Year	181787	SalariesEtcCurrentYear
Total Prof Fundrsng Exp CY	0	TotalProfFundrsngExpCY
Total Fundrsng Exp Current Year	0	TotalFundrsngExpCurrentYear
Other Expense Prior Year	3035695	OtherExpensePriorYear
Other Expenses Current Year	3320124	OtherExpensesCurrentYear
Total Expenses Prior Year	3202571	TotalExpensesPriorYear
Total Expenses Current Year	3501911	TotalExpensesCurrentYear
Revenues Less Expenses Prior Year	153325	RevenuesLessExpensesPriorYear
Revenues Less Expenses CY	-71075	RevenuesLessExpensesCY
Total Assets BOY	18509269	TotalAssetsBOY
Total Assets EOY	18471496	TotalAssetsEOY
Total Liabilities BOY	14471510	TotalLiabilitiesBOY
Total Liabilities EOY	14504812	TotalLiabilitiesEOY
Net Assets Or Fund Balances BOY	4037759	NetAssetsOrFundBalancesBOY
Net Assets Or Fund Balances EOY	3966684	NetAssetsOrFundBalancesEOY
Mission Description	TO ACQUIRE & MANAGE RENTAL PROPERTY	MissionDescription
Significant New Program Services	false	SignificantNewProgramServices
Significant Change	false	SignificantChange
Expense	3261812	Expense
Revenue	3412468	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	3261812	TotalProgramServiceExpense
Described In501 C3	true	DescribedIn501C3
Schedule B Required	false	ScheduleBRequired
Political Activities	false	PoliticalActivities
Lobbying Activities	false	LobbyingActivities
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

Field	Value	IRS element (for citing)
No Listed Persons Compensated	X	NoListedPersonsCompensated

Form990 Part VII Section A Form990PartVIISectionA (4 entries)

TitleTitle	Average Hours Per WeekAverageHoursPerWeek	OfficerOfficer	Reportable Comp From OrganizationReportableCompFromOrganization	Reportable Comp From Related OrgsReportableCompFromRelatedOrgs	Other CompensationOtherCompensation	FormerFormer
RICHARD W REYNOLDS
PRESIDENT	0.25	X	0	224250	28298
THOMAS MCGURTY
TREASURER	1.00	X	0	306429	58815
BRUCE KETCHEN
CLERK	40.00	X	0	113471	29180
JOHN M ROBERTO
PRESIDENT	0.25		0	116337	3694	X

Field	Value	IRS element (for citing)
Total Reportable Comp Frm Rltd Orgs	760487	TotalReportableCompFrmRltdOrgs
Total Other Compensation	119987	TotalOtherCompensation
Formers Listed	true	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	2480479
COMMERCIAL RENTAL	900099	931989
LAUNDRY	900099	3443

Field	Value	IRS element (for citing)
Total Program Service Revenue	3415911	TotalProgramServiceRevenue

Investment Income InvestmentIncome

Field	Value	IRS element (for citing)
Total Revenue Column	393	TotalRevenueColumn
Exclusion	$393	ExclusionAmount

Other Revenue Misc OtherRevenueMisc

Field	Value	IRS element (for citing)
Description	Commercial rent reimbursements	Description
Business Code	900099	BusinessCode
Total Revenue Column	14532	TotalRevenueColumn
Related Or Exempt Function Income	14532	RelatedOrExemptFunctionIncome

Field	Value	IRS element (for citing)
Total Other Revenue	14532	TotalOtherRevenue

Total Revenue TotalRevenue

Field	Value	IRS element (for citing)
Total Revenue Column	3430836	TotalRevenueColumn
Related Or Exempt Function Income	3430443	RelatedOrExemptFunctionIncome
Exclusion	$393	ExclusionAmount

Other Salaries And Wages OtherSalariesAndWages

Field	Value	IRS element (for citing)
Total	154620	Total
Program Services	105220	ProgramServices
Management And General	49400	ManagementAndGeneral
Fundraising	0	Fundraising

Other Employee Benefits OtherEmployeeBenefits

Field	Value	IRS element (for citing)
Total	15392	Total
Program Services	10452	ProgramServices
Management And General	4940	ManagementAndGeneral
Fundraising	0	Fundraising

Payroll Taxes PayrollTaxes

Field	Value	IRS element (for citing)
Total	11775	Total
Program Services	8013	ProgramServices
Management And General	3762	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

Fees For Services Other FeesForServicesOther

Field	Value	IRS element (for citing)
Total	5222	Total
Program Services	0	ProgramServices
Management And General	5222	ManagementAndGeneral
Fundraising	0	Fundraising

Office Expenses OfficeExpenses

Field	Value	IRS element (for citing)
Total	23767	Total
Program Services	7640	ProgramServices
Management And General	16127	ManagementAndGeneral
Fundraising	0	Fundraising

Occupancy Occupancy

Field	Value	IRS element (for citing)
Total	841620	Total
Program Services	841620	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Interest Interest

Field	Value	IRS element (for citing)
Total	764281	Total
Program Services	764281	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Depreciation Depletion DepreciationDepletion

Field	Value	IRS element (for citing)
Total	711372	Total
Program Services	711372	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Insurance Insurance

Field	Value	IRS element (for citing)
Total	11043	Total
Program Services	11043	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Other Expenses OtherExpenses (5 entries)

DescriptionDescription	TotalTotal	Program ServicesProgramServices	Management And GeneralManagementAndGeneral
MAINTENANCE	630383	630383	0
MANAGEMENT FEES	159079	0	159079
BAD DEBTS	156020	156020	0
INTEREST PD ON DEPOSITS	1407	1407	0
MISCELLANEOUS	3077	2712	365

All Other Expenses AllOtherExpenses

Field	Value	IRS element (for citing)
Total	813	Total
Program Services	813	ProgramServices
Management And General	0	ManagementAndGeneral
Fundraising	0	Fundraising

Total Functional Expenses TotalFunctionalExpenses

Field	Value	IRS element (for citing)
Total	3501911	Total
Program Services	3261812	ProgramServices
Management And General	240099	ManagementAndGeneral
Fundraising	0	Fundraising

Cash Non Interest Bearing CashNonInterestBearing

Field	Value	IRS element (for citing)
BOY	692363	BOY
EOY	485730	EOY

Savings And Temp Cash Investments SavingsAndTempCashInvestments

Field	Value	IRS element (for citing)
BOY	55479	BOY
EOY	55552	EOY

Accounts Receivable AccountsReceivable

Field	Value	IRS element (for citing)
BOY	124168	BOY
EOY	113736	EOY

Field	Value	IRS element (for citing)
Land Buildings Equipment Basis	28352123	LandBuildingsEquipmentBasis
Land Bldg Equipment Accum Deprec	10573120	LandBldgEquipmentAccumDeprec

Land Buildings Equipment Basis Net LandBuildingsEquipmentBasisNet

Field	Value	IRS element (for citing)
BOY	17592962	BOY
EOY	17779003	EOY

Other Assets Total OtherAssetsTotal

Field	Value	IRS element (for citing)
BOY	44297	BOY
EOY	37475	EOY

Total Assets TotalAssets

Field	Value	IRS element (for citing)
BOY	18509269	BOY
EOY	18471496	EOY

Accounts Payable Accrued Expenses AccountsPayableAccruedExpenses

Field	Value	IRS element (for citing)
BOY	126599	BOY
EOY	214079	EOY

Deferred Revenue DeferredRevenue

Field	Value	IRS element (for citing)
BOY	16143	BOY
EOY	19141	EOY

Unsecured Notes Loans Payable UnsecuredNotesLoansPayable

Field	Value	IRS element (for citing)
BOY	14231607	BOY
EOY	14206179	EOY

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
BOY	97161	BOY
EOY	65413	EOY

Total Liabilities TotalLiabilities

Field	Value	IRS element (for citing)
BOY	14471510	BOY
EOY	14504812	EOY

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

Unrestricted Net Assets UnrestrictedNetAssets

Field	Value	IRS element (for citing)
BOY	4037759	BOY
EOY	3966684	EOY

Total Net Assets Fund Balances TotalNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	4037759	BOY
EOY	3966684	EOY

Total Liab Net Assets Fund Balances TotalLiabNetAssetsFundBalances

Field	Value	IRS element (for citing)
BOY	18509269	BOY
EOY	18471496	EOY

Field	Value	IRS element (for citing)
Reconcilation Revenue Expenses	-71075	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	A School	TypeOfOrganization
Listed In Governing Doc	true	ListedInGoverningDoc
Supported Organization Notified	false	SupportedOrganizationNotified
Organized In US	true	OrganizedInUS
Amount	$1	Amount

Field	Value	IRS element (for citing)
Total Number Of Supported Orgs	1	TotalNumberOfSupportedOrgs
Sum Of Amounts	1	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

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	24623221	InvestmentCostOrOtherBasis
Depreciation	10534993	Depreciation
Book Value	14088228	BookValue

Other Land Buildings OtherLandBuildings

Field	Value	IRS element (for citing)
Investment Cost Or Other Basis	50029	InvestmentCostOrOtherBasis
Depreciation	38127	Depreciation
Book Value	11902	BookValue

Field	Value	IRS element (for citing)
Total Of Book Value Land Buildings	17779003	TotalOfBookValueLandBuildings

Other Liabilities OtherLiabilities

Field	Value	IRS element (for citing)
Description	Rent Deposits	Description
Amount	$65,413	Amount

Field	Value	IRS element (for citing)
Total Of Amounts	65413	TotalOfAmounts
Total Revenue	3430836	TotalRevenue
Total Expenses	3501911	TotalExpenses
Excess Or Deficit For Year	-71075	ExcessOrDeficitForYear
Excess Or Deficit Per FS	-71075	ExcessOrDeficitPerFS
Tot Revenue Etc Audited Fincl Stmt	3430836	TotRevenueEtcAuditedFinclStmt
Revenue Subtotal	3430836	RevenueSubtotal
Total Revenue Per Form990	3430836	TotalRevenuePerForm990
Tot Expenses Etc Audited Fincl Stmt	3501911	TotExpensesEtcAuditedFinclStmt
Expenses Subtotal	3501911	ExpensesSubtotal
Total Expenses Per Form990	3501911	TotalExpensesPerForm990

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 (3 entries)

Comp Based On Related OrgsCompBasedOnRelatedOrgs	Deferred Comp Related OrgsDeferredCompRelatedOrgs	Total Compensation Related OrgsTotalCompensationRelatedOrgs	Nontaxable Benefits Related OrgsNontaxableBenefitsRelatedOrgs	Bonus Related OrgsBonusRelatedOrgs	Other Compensation Related OrgsOtherCompensationRelatedOrgs
RICHARD W REYNOLDS
224250	28298	252548
THOMAS MCGURTY
306429	41235	365244	17580
JOHN M ROBERTO
2703	2474	120032	1221	15163	98471

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (53 entries)

IdentifierIdentifier	ExplanationExplanation
Pt VI-B, 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-B, 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-B, 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 COMPENSATION COMMITTEE
	CONSISTS OF THE CHAIRMAN OF THE BOARD OF TRUSTEE'S, ALSO SERVING
	AS THE CHAIR, ALONG WITH FOUR OTHER MEMBERS, EACH SERVING A TERM OF
	3 YEARS. THESE INDIVIDUALS ARE CHOSEN FOR THEIR PARTICULAR EXPERTISE WITH
	COMPENSATION ISSUES. THE COMMITTEE MEETS AT THE END OF EACH FISCAL YEAR
Form 990EZ, Part I, Line 8	MISCELLANEOUS INC. GAIN DUE TO FIRE
Form 990EZ, Part I, Line 16	REAL ESTATE TAX MAINTENANCE UTILITIES BAD DEBTS BROKERAGE FEES INSURANCE INTEREST PD ON DEPOSITS MANAGEMENT FEES WATER OFFICE EXPENSE
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	BROKERAGE FEES 813. 813. 0. 0.
	AND RELIES ON DATA AND MATERIALS PROVIDED FROM HUMAN RESOURCES WHICH
	INCLUDE COMPARABLE LOCAL MARKET DATA AS WELL AS PEER INSTITUTIONS DATA
	IN THE LARGER COMPETITIVE MARKETPLACE. ALSO, AN EXTERNAL CONSULTANT SURVEY
	OF TOTAL EXECUTIVE COMPENSATION, BY TOWERS PERRIN, IS GATHERED AMONG
	SELECT UNIVERSITIES OR, WHERE DATA IS NOT AVAILABLE, FROM THE CUPA
	ADMINISTRATIVE COMPENSATION ANNUAL SURVEY. FURTHER, DATA FROM A
	SUBSET OF SURVEY PARTICIPANTS, WHO HAVE BEEN IDENTIFIED AS A
	COMPARABLE GROUP OF INSTITUTIONS IS USED. ADDITIONALLY, SALARY
	RECOMMENDATIONS AND PERFORMANCE REVIEWS ARE PROVIDED TO THE COMPENSATION
	COMMITTEE TO ASSIST THEM IN THE DECISION MAKING PROCESS. THE
	COMPENSATION COMMITTEE DELIBERATES AND DOCUMENTS ITS DECISIONS.
	LASTLY, ALL COMPENSATION FOR THE ORGANIZATIONS' KEY EMPLOYEE, BRUCE
	KETCHEN, 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. AN
	ANNUAL PERFORMANCE REVIEW WAS CONDUCTED IN JUNE, 2009 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-C, 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	NA	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	false	OtherTransferToOtherOrg
Other Transfer From Other Org	false	OtherTransferFromOtherOrg

Transactions Related Orgs Table TransactionsRelatedOrgsTable (3 entries)

Transaction TypeTransactionType	Amount InvolvedAmountInvolved
TRUSTEES OF TUFTS COLLEGE
e	12706179
TRUSTEES OF TUFTS COLLEGE
i	544538
TRUSTEES OF TUFTS COLLEGE
n	159079

WALNUT HILL PROPERTIES CORPORATION: Form 990, tax year 2010

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 (4 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 Accounting FeesForServicesAccounting

Fees For Services Other FeesForServicesOther

Office Expenses OfficeExpenses

Occupancy Occupancy

Interest Interest

Depreciation Depletion DepreciationDepletion

Insurance Insurance

Other Expenses OtherExpenses (5 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

Other Land Buildings OtherLandBuildings

Other Liabilities OtherLiabilities

Schedule J IRS990ScheduleJ

Form990 Schedule J Part II Form990ScheduleJPartII (3 entries)

Schedule O IRS990ScheduleO

General Explanation GeneralExplanation (53 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 (3 entries)

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