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← FRANKLIN HILL REVITALIZATION CORPORATION

Form 990 for tax year 2023

Filed by FRANKLIN HILL REVITALIZATION CORPORATION.

Totals

Total revenue
$484,000
Total expenses
$4,200
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$484,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$8,771,200
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,771,200
Program services expenses (Part IX)
$0
Management and general expenses
$4,200
Fundraising expenses
$0
Program service expenses (Part III)
not reported

Program services were 0.0% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.

Line items

Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.

Revenue

Part VIII, the statement of revenue.

  • 2a · Program service revenue: GROUND LEASE INCOME

    total $484,000 · related or exempt $484,000

Functional expenses

Part IX, the statement of functional expenses.

  • 11c · Fees: accounting

    total $4,200 · management and general $4,200

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,863,943 · end of year $1,859,743

  • 7 · Other notes and loans receivable

    beginning of year $5,284,523 · end of year $5,768,523

  • 10a · Land, buildings and equipment: cost or other basis

    $1,142,934

  • 10c · Land, buildings and equipment, net

    beginning of year $1,142,934 · end of year $1,142,934

  • 27 · Net assets without donor restrictions

    beginning of year $8,291,400 · end of year $8,771,200

Mission and programs · 2023

Mission

TO ENGAGE AND ASSIST IN THE DEVELOPMENT, REDEVELOPMENT, FINANCING, OPERATION, AND MANAGEMENT RELATED TO THE REVITALIZATION OF THE FRANKLIN HILL PUBLIC HOUSING DEVELOPMENT AND THE NEIGHBORHOOD SURROUNDING IT LOCATED IN THE MISSION HILL SECTION OF THE CITY OF BOSTON.

Activities or mission (Part I)

REVITALIZATION OF THE FRANKLIN HILL PUBLIC HOUSING DEVELOPMENT AND THE SURROUNDING NEIGHBORHOOD

  • REDEVELOPMENT & OVERSIGHT - TO ENGAGE AND ASSIST IN THE DEVELOPMENT, REDEVELOPMENT, FINANCING, OPERATION, AND MANAGEMENT RELATED TO THE REVITALIZATION OF THE FRANKLIN HILL PUBLIC HOUSING DEVELOPMENT AND THE NEIGHBORHOOD SURROUNDING IT LOCATED IN THE MISSION HILL SECTION OF THE CITY OF BOSTON.

    Revenue $484,000

As filed on the 2023 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • Kathryn Bennett

    PRESIDENT UNTIL 8/4/2023

    Total calculated
    $215,043
    From this org
    $0
    From related orgs
    $187,289
    Other
    $27,754
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $187,289 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $27,754 related
    Filer's total
    $0 + $215,043 related
  • Priscilla M Bok

    PRESIDENT

    Total calculated
    $79,561
    From this org
    $0
    From related orgs
    $72,196
    Other
    $7,365
    Hours/week
    0.5 + 35 related
  • Debra Dunham

    TREASURER

    Total calculated
    $207,395
    From this org
    $0
    From related orgs
    $173,377
    Other
    $34,018
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $173,377 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $34,018 related
    Filer's total
    $0 + $207,395 related
  • Constantine Papademetriou

    CLERK

    Total calculated
    $169,742
    From this org
    $0
    From related orgs
    $155,776
    Other
    $13,966
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $155,776 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,966 related
    Filer's total
    $0 + $169,742 related

Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those. A Schedule J breakdown is as filed: base pay, bonus, other, deferred compensation and nontaxable benefits from this organization, with any from related organizations beside each, and the filer's own total. It is shown with the Part VII listing of the same name on the same return. The form gives no key between the two, so that pairing is ours, and is marked matched by us.

Schedule J

Answered yes

None.

Answered no

  • 4a · Severance or change-of-control payment
  • 4b · Supplemental nonqualified retirement plan
  • 4c · Equity-based compensation arrangement
  • 5a · Pay contingent on this organization's revenues
  • 5b · Pay contingent on a related organization's revenues
  • 6a · Pay contingent on this organization's net earnings
  • 6b · Pay contingent on a related organization's net earnings
  • 7 · Other non-fixed payments
  • 8 · Paid under the initial-contract exception

Part I's answers as filed. A line not listed was left unanswered; on lines 1a and 3 that means the box was not checked.

Grants on this return

No itemized grants to organizations on this return.

Related organizations on this return

Schedule R Part II: tax-exempt organizations related to the filer by control. It does not record shared board members or money.

  • BOSTON HOUSING AUTHORITY

    GOVERNMENTAL UNIT · DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING · MA

  • BOSTON PUBLIC HOUSING CORPORATION

    501(C)(3) · RECEIVING GRANTS AND OTHER SUPPORTING ACTIVITIES FOR BOSTON HOUSING AUTHORIT · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

  • MAVERICK REVITALIZATION CORPORATION

    501(C)(3) · REDEVELOPMENT OF HOUSING DEVELOPMENT AND NEIGHBORHOOD · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

  • OLD COLONY REVITALIZATION CORPORATION

    501(C)(3) · REDEVELOPMENT OF HOUSING DEVELOPMENT AND NEIGHBORHOOD · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

  • ORCHARD PARK REVITALIZATION CORPORATION

    501(C)(3) · REDEVELOPMENT OF HOUSING DEVELOPMENT AND NEIGHBORHOOD · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

  • WASHINGTON BEECH REVITALIZATION CORPORATION

    501(C)(3) · REDEVELOPMENT OF HOUSING DEVELOPMENT AND NEIGHBORHOOD · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

  • MISSION MAIN REVITALIZATION CORPORATION

    501(C)(3) · REDEVELOPMENT OF HOUSING DEVELOPMENT AND NEIGHBORHOOD · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

  • BOSTON HOUSING CAPITAL INVESTMENT CORPORATION

    GOVERNMENTAL UNIT · REDEVELOPMENT OF HOUSING DEVELOPMENT AND NEIGHBORHOOD · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

  • HERITAGE HOUSING CORPORATION

    GOVERNMENTAL UNIT · DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

  • LOWER MILLS HOUSING CORPORATION

    GOVERNMENTAL UNIT · DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

  • PATRICIA WHITE HOUSING CORPORATION

    GOVERNMENTAL UNIT · DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

  • ST BOTOLPH HOUSING CORPORATION

    GOVERNMENTAL UNIT · DEVELOPMENT AND OPERATION OF AFFORDABLE HOUSING · MA

    Directly controlled by BOSTON HOUSING AUTHORITY

Taxable family on this return

Schedule R Parts I, III and IV, as filed. These record ownership and control, not shared board members or money moved.

Related partnerships

Part III: related organizations taxable as a partnership, with the filer's share.

  • WEST BROADWAY REDEVELOPMENT LIMITED PARTNERSHIP

    REAL ESTATE DEVELOPMENT · MA

Related corporations and trusts

Part IV: related organizations taxable as a corporation or trust.

  • WEST BROADWAY HOUSING CORPORATION

    C · REAL ESTATE DEVELOPMENT · MA

Provenance

Return type
form_990
Tax year
2023
Filed
20 January 2025
IRS schema version
2023v6.0
Source object
202500349349301770

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