Frazier Revitalization Inc
Public records show a registered, tax-exempt organization in good standing.
What it says it does
Economic, cultural development, and revitalization of the South Dallas Fair Park area.
- Income
- $2.3 million
- Spending
- $2.7 million
- Spent on programs
- 92%
- Reserves
- 38.2 months of spending
- Largest source of income
- donations and private grants, 78%
- Employees
- 18
- Volunteers
- 14
- Highest pay
- $124,616, vp of operations
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 84 out of 100. Higher than 67% of charities in its peer group (community improvement, $1m to $10m).
Reserves
35 of 35Spendable reserves would cover 38.2 months of spending.
Debt
20 of 20It owes 9% of what it owns.
Living within its means
4 of 15Spending exceeded income by 13% of income.
Income trend
10 of 15Income fell 4% on the year before.
Spending floor
15 of 1592% of spending went to programs and raising each dollar of donations cost 3 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Good: 85 out of 100. Higher than 39% of charities in its peer group (community improvement, $1m to $10m).
Independent board
25 of 2513 of 13 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
0 of 8Reports no written whistleblower policy.
Record keeping policy
0 of 7Reports no written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (1)
- $2.4 million spent. Frazier Revitalization (the Organization) continues to work within the framework and in accordance with the comprehensive revitalization plan adopted by the City of Dallas. The Organization continues to work toward a planned development at the corner of Elsie Faye Heggins (formerly Hatcher) and Scyene to be the catalyst transit-oriented development (TOD) as prescribed in the comprehensive revitalization plan of the City, Community and the TOD study (also adopted by the City of Dallas). A 44,378 square foot clinic was completed and leased to Parkland Health, opening in 2015 as a community oriented primary care clinic. The facility was sold to Parkland Health in 2021. Phase 2 of the development includes a 4,340 square foot clinic that was constructed by FRIHS GP, LLC a wholly owned subsidiary of the Organization, and once it was completed it was donated to Texas A&M University System in 2021, specifically the School of Dentistry, for their use as a dental clinic. The 8 chair state of the art clinic was completed in the fall of 2020, donated to Texas A&M University System in March 2021 and opened in April 2021.In 2021, Frazier Revitalization launched a home improvement program to address the deteriorating housing stock in the neighborhood. Since inception of the program through year end 2024, 48 homes have been addressed at a cost of just under $4MM demonstrating the effectiveness of our place-based revitalization model. In addition to securing and/or spurring wealth creation and addressing residents' priorities in homes, the program addresses other concerns such as their health, safety and livability in their community, and also offers wraparound services such as financial training, understanding the importance of, and having access to will preparation and estate planning, property tax consulting, home maintenance training, and computer skills classes. Frazier Healthy Homes, LLC, a wholly owned subsidiary of Frazier Revitalization, Inc. contracts with the homeowners and construction contractors and sub-contractors to improve the homes.Frazier Revitalization functions as a quarterback organization bridging the neighborhood residents and institutional and city-wide organizations with a trauma informed approach. Since 2009 the Organization has offered afterschool and summer programming for approximately 50 students grades K-8, with a particular focus on program based learning and social and emotional health.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated September 30, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated September 10, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since October 2006.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated September 7, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated October 7, 2026.
Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.