Frazier Revitalization Inc.

“Dorothy Hopkins is the Treasurer and CFO of Frazier Revitalization, Inc. She is an employee of the J.M. Williams Group, the single member of which is J. McDonald Williams, the Trustee of Frazier Revitalization, Inc.”

“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.”

“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 statements 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.”

“The annual budget is approved by the board. Part of the annual budget is the salary of the President/CEO.”

“Conflict of interest policy and financial statements to general public: FRI provides the conflict of interest policy, financial statements and governing documets upon request.”

“Frazier revitalization functions as a quarterback organization bridging the neighborhood residents and institutional and city-wide organizations with a trauma informed approach. This approach works exceptionally well with the Out of School Time provider organizations in the neighborhood preparing them to offer more quality programming, and with the medical providers in the neighborhood better connecting them with the micro neighborhoods within the Frazier area.”

“The Organization continued to work 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 (TDO) 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 million term loan (Senior Loan) to the Oraganization, 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. From an anonymous grant in 2019, FRI constructed a 4,320 square foot dental clinic to be used by the Texas A&M System, specifically the dental college. FRI HS GP, LLC, a wholly owned subsidiary of FRI purchased land from FRI for the site, construction began in 2020 and was completed in the fall of 2020. The land and facility will be deeded to Texas A&M in 2021. 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. In 2020, Frazier Revitalization's afterschool program serviced over 100 unique students grades K-8, with a particular focus on Social and Emotional Learning.”