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← FRANKLIN HILL REVITALIZATION CORPORATION

Form 990 for tax year 2022

Filed by FRANKLIN HILL REVITALIZATION CORPORATION.

Totals

Total revenue
$484,000
Total expenses
$3,150
Contributions and grants received
$0
Grants paid
$0
Program service revenue
$484,000
Investment income
$0
Other revenue
$0
Total assets, end of year
$8,291,400
Total liabilities, end of year
$0
Net assets or fund balances, end of year
$8,291,400
Program services expenses (Part IX)
$0
Management and general expenses
$3,150
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 $3,150 · management and general $3,150

Balance sheet

Part X, book values.

  • 1 · Cash, non-interest-bearing

    beginning of year $1,892,036 · end of year $1,863,943

  • 7 · Other notes and loans receivable

    beginning of year $4,847,405 · end of year $5,284,523

  • 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

  • 17 · Accounts payable and accrued expenses

    beginning of year $1,155 · end of year $0

  • 27 · Net assets without donor restrictions

    beginning of year $7,881,220 · end of year $8,291,400

Mission and programs · 2022

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 2022 return. The filer continues this part on Schedule O, which is not shown here.

Listed in Part VII

  • KATHRYN BENNETT

    PRESIDENT

    Total calculated
    $192,904
    From this org
    $0
    From related orgs
    $157,753
    Other
    $35,151
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,753 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $35,151 related
    Filer's total
    $0 + $192,904 related

  • CAESAR CARDOZO

    CLERK UNTIL 1/27/2023

    Total calculated
    $158,988
    From this org
    $0
    From related orgs
    $145,072
    Other
    $13,916
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $145,072 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $13,916 related
    Filer's total
    $0 + $158,988 related

  • DEBRA DUNHAM

    TREASURER

    Total calculated
    $189,241
    From this org
    $0
    From related orgs
    $157,707
    Other
    $31,534
    Hours/week
    0.5 + 35 related

    Schedule J breakdown matched by us

    Base
    $0 + $157,707 related
    Bonus
    $0
    Other
    $0
    Deferred
    $0
    Nontaxable benefits
    $0 + $31,534 related
    Filer's total
    $0 + $189,241 related

  • CONSTANTINE PAPADEMETRIOU

    CLERK

    Total calculated
    $124,959
    From this org
    $0
    From related orgs
    $111,675
    Other
    $13,284
    Hours/week
    0.5 + 35 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.

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.

Related corporations and trusts

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

Provenance

Return type
form_990
Tax year
2022
Filed
12 February 2024
IRS schema version
2022v5.0
Source object
202420469349300217

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