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RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION: Form 990, tax year 2020

View the entire original 990 at ProPublica ↗

Organization
RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION (EIN 03-0337709)
Tax period
2020-07-01 to 2021-06-30
Filed
2022-02-02
IRS object ID
202240339349300814
Schema version
2020v4.0
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 ReturnHeader

FieldValueIRS element (for citing)
Return2022-02-02T09:59:48-06:00ReturnTs
Tax Period End2021-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN030280081PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JMM & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1336 WATER TOWER CIR STE 801AddressLine1Txt
CityCOLCHESTERCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05446ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2020-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030337709EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RANDOLPH AREA COMMUNITY DEVELOPMENTBusinessNameLine1Txt
Business Name Line2CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRANDBusinessNameControlTxt
Phone8027284305PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 409AddressLine1Txt
CityRANDOLPHCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05060ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJULIE IFFLANDPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8027284305PhoneNum
Signature2022-01-05SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Signing Officer SigningOfficerGrp

Person Full Name PersonFullName

FieldValueIRS element (for citing)
Person FirstJULIEPersonFirstNm
Person LastIFFLANDPersonLastNm
FieldValueIRS element (for citing)
SSN999009999SSN

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRANDALL L SARGENT CPAPreparerPersonNm
PTINP00136499PTIN
Phone8026555665PhoneNum
Preparation2022-02-02PreparationDt
FieldValueIRS element (for citing)
Tax2020TaxYr
Build TS2022-09-23 18:48:47ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJULIE IFFLANDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 409AddressLine1Txt
CityRANDOLPHCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05060ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,051,354GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RACDC.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1993FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionRANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION UNITES THE COMMUNITY BEHIND INITIATIVES WHICH STRENGTHEN OUR REGION'S SOCIAL AND ECONOMIC ASSETS IN ORDER TO ENRICH QUALITY OF LIFE, INSTILL PRIDE AND BUILD CONFIDENCE.ActivityOrMissionDesc
Voting Members Governing Body10VotingMembersGoverningBodyCnt
Voting Members Independent10VotingMembersIndependentCnt
Total Employee19TotalEmployeeCnt
Total Volunteers56TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$108,821PYContributionsGrantsAmt
CY Contributions Grants$289,618CYContributionsGrantsAmt
PY Program Service Revenue$612,230PYProgramServiceRevenueAmt
CY Program Service Revenue$713,668CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$15,232PYOtherRevenueAmt
CY Other Revenue$48,068CYOtherRevenueAmt
PY Total Revenue$736,283PYTotalRevenueAmt
CY Total Revenue$1,051,354CYTotalRevenueAmt
CY Grants And Similar Paid$14,122CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$300,297PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$365,319CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$443,157PYOtherExpensesAmt
CY Other Expenses$489,465CYOtherExpensesAmt
PY Total Expenses$743,454PYTotalExpensesAmt
CY Total Expenses$868,906CYTotalExpensesAmt
PY Revenues Less Expenses-$7,171PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$182,448CYRevenuesLessExpensesAmt
Total Assets BOY$5,158,383TotalAssetsBOYAmt
Total Assets EOY$5,201,775TotalAssetsEOYAmt
Total Liabilities BOY$1,753,314TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,614,258TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,405,069NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,587,517NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionRANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION (RACDC) IS A NONPROFIT ORGANIZATION THAT UNITES THE COMMUNITY BEHIND INITIATIVES WHICH STRENGTHEN OUR REGION'S SOCIAL AND ECONOMIC ASSETS IN ORDER TO ENRICH QUALITY OF LIFE, INSTILL PRIDE, AND BUILD CONFIDENCE. WE DO THIS BY PROMOTING SOUND DEVELOPMENT PRACTICES AND INVESTMENT, CREATING AFFORDABLE HOUSING OPTIONS, PRESERVING ENVIRONMENTAL AND HISTORIC RESOURCES, AND LEADING IN THE REVITALIZATION OF DOWNTOWN AND VILLAGE CENTERS.MissionDesc
Significant New Program SrvcfalseSignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$306,980ExpenseAmt
Revenue$329,061RevenueAmt
DescJOSLYN HOUSE IS A SHARED HOUSING FACILITY WITH SUPPORTIVE SERVICES PRIMARILY FOR LOW AND MODERATE INCOME INDIVIDUALS, AND IS RESTRICTED TO SUCH BY AFFORDABILITY COVENANTS. JOSLYN HOUSE PROVIDED AFFORDABLE HOUSING FOR APPROXIMATELY TWENTY-ONE (21) PEOPLE IN FISCAL YEAR 2021.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$125,234ExpenseAmt
Revenue$80,511RevenueAmt
DescARMSTRONG MOBILE HOME PARK CONSISTS OF 16 MOBILE HOME LOTS AND A HOUSE THAT INCLUDES ONE 2-BEDROOM AND ONE 1-BEDROOM UNIT, FOR LEASE TO A MIX OF PRIMARILY LOW AND MODERATE INCOME FAMILIES, AND IS RESTRICTED TO SUCH USE BY AFFORDABILITY COVENANTS. ARMSTRONG MOBILE HOME PARK PROVIDED AFFORDABLE HOUSING FOR APPROXIMATELY TWENTY-FOUR (24) PEOPLE IN FISCAL YEAR 2021.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$46,900ExpenseAmt
Revenue$82,948RevenueAmt
DescJACOBS MOBILE HOME PARK CONSISTS OF 19 MOBILE HOME LOTS FOR LEASE TO A MIX OF PRIMARILY LOW AND MODERATE INCOME FAMILIES, AND IS RESTRICTED TO SUCH USE BY AFFORDABILITY COVENANTS. JACOBS MOBILE HOME PARK PROVIDED AFFORDABLE HOUSING FOR APPROXIMATELY TWENTY-FIVE (25) PEOPLE IN FISCAL YEAR 2021.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$277,766ExpenseAmt
Grant$14,122GrantAmt
Revenue$221,149RevenueAmt
DescRACDC ADMINISTERS SEVERAL ADDITIONAL PROGRAMS. THE REVOLVING LOAN FUND SERVED ROUGHLY 6 RESIDENTIAL AND 13 BUSINESS CUSTOMERS IN THE AREA. THE SUPPORT AND SERVICES AT HOME (SASH) PROGRAM SERVED APPROXIMATELY 90 FULL PARTICIPANTS AND OVER 100 PARTICIPANTS OF ITS PUBLICLY AVAILABLE ACTIVITIES AND EVENTS IN FISCAL YEAR 2021. IN ADDITION, THE DOWNTOWN DESIGNATION SERVED THE ENTIRE REGION BY SUPPORTING BUSINESSES AS WELL AS SUPPORTING INFRASTRUCTURE IMPROVEMENTS FOR THE TOWN OF RANDOLPH, VERMONT. RACDC SUSPENDED ITS EVENTS IN 2021 DUE TO COVID-19, BUT IT DID CO-CREATE A NEW MUTUAL AID NETWORK KNOWN AS RAMAN (RANDOLPH AREA MUTUAL AID NETWORK), WHICH NOW INCLUDES 4 TOWNS AND ABOUT A DOZEN LOCAL ORGANIZATIONS. THROUGH RAMAN, RACDC ALSO STARTED A COMMUNITY FUND WHICH RACDC HOSTS TO ADDRESS COMMUNITY NEEDS DUE TO COVID-19, BUT ALSO WITH THE INTENTION OF CONTINUING RAMAN AND THE COMMUNITY FUND TO ADDRESS ESSENTIAL NEEDS OF COMMUNITY MEMBERS IN CRISIS GOING FORWARD. THE COMMERCIAL BUILDING AT 28 NORTH MAIN STREET IS A REDEVELOPMENT OF A FORMER SCHOOL SITE INTO A COMMERCIAL BUILDING TO MOVE A LARGE RANDOLPH EMPLOYER TO A DOWNTOWN LOCATION.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$277,766TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Grant$14,122TotalOtherProgSrvcGrantAmt
Total Other Prog Srvc Revenue$221,149TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$756,880TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Donor Rstr Or Quasi EndowmentsfalseDonorRstrOrQuasiEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstfalseReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemYes (true)BusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContriYes (true)DeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document20IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee19EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Subj To Tax Rmnrtn Ex Prcht PymtfalseSubjToTaxRmnrtnExPrchtPymtInd
Subject To Excs Tax Net Invst IncfalseSubjectToExcsTaxNetInvstIncInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members10GoverningBodyVotingMembersCnt
Independent Voting Member10IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJULIE IFFLANDPersonNm
Phone8027284305PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 409AddressLine1Txt
CityRANDOLPHCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05060ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (11 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
JULIE IFFLAND
EXECUTIVE DI40.00Yes (X)$80,566$0$0
BOB WRIGHT
PRESIDENT2.00Yes (X)$0$0$0Yes (X)
PETER REED
V.P./TREASUR2.00Yes (X)$0$0$0Yes (X)
ROBERT MOYER
SECRETARY2.00Yes (X)$0$0$0Yes (X)
DAN DEVOE
DIRECTOR2.00$0$0$0Yes (X)
PATRICK FRENCH
DIRECTOR2.00$0$0$0Yes (X)
ROBERT SPARADEO
DIRECTOR2.00$0$0$0Yes (X)
PAM STAFFORD
DIRECTOR2.00$0$0$0Yes (X)
BERT BLAIS
DIRECTOR2.00$0$0$0Yes (X)
TOM AYRES
DIRECTOR2.00$0$0$0Yes (X)
CHRISTINE MALONEY
DIRECTOR2.00$0$0$0Yes (X)
FieldValueIRS element (for citing)
Total Reportable Comp From Org$80,566TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$176,800GovernmentGrantsAmt
All Other Contributions$112,818AllOtherContributionsAmt
Noncash Contributions$76,812NoncashContributionsAmt
Total Contributions$289,618TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME532000$336,298$336,298
SERVICES INCOME721310$173,907$173,907
SASH CONTRACT FEES621610$151,706$151,706
INTEREST INCOME531110$32,644$32,644
LOAN FEES531390$19,235$19,235

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column-$122TotalRevenueColumnAmt
Related Or Exempt Func Income-$122RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$713,668TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DISTRIBUTION FROM RHH531390$28,462$28,462
MISCELLANEOUS INCOME531390$19,606$19,606
FieldValueIRS element (for citing)
Other Revenue Total$48,068OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,051,354TotalRevenueColumnAmt
Related Or Exempt Func Income$761,736RelatedOrExemptFuncIncomeAmt

Grants To Domestic Orgs GrantsToDomesticOrgsGrp

FieldValueIRS element (for citing)
Total$14,122TotalAmt
Program Services$14,122ProgramServicesAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$80,566TotalAmt
Program Services$68,481ProgramServicesAmt
Management And General$12,085ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$247,666TotalAmt
Program Services$210,627ProgramServicesAmt
Management And General$37,039ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$10,985TotalAmt
Program Services$4,675ProgramServicesAmt
Management And General$6,310ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$26,102TotalAmt
Program Services$22,796ProgramServicesAmt
Management And General$3,306ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$22,260TotalAmt
Program Services$22,260ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,640TotalAmt
Program Services$722ProgramServicesAmt
Management And General$2,918ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$23,859TotalAmt
Management And General$23,859ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$39,381TotalAmt
Program Services$39,381ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$4,439TotalAmt
Program Services$3,317ProgramServicesAmt
Management And General$1,122ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,887TotalAmt
Program Services$4,904ProgramServicesAmt
Management And General$1,983ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$134,699TotalAmt
Program Services$128,013ProgramServicesAmt
Management And General$6,686ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,687TotalAmt
Program Services$1,687ProgramServicesAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$1,222TotalAmt
Program Services$20ProgramServicesAmt
Management And General$1,202ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$38,544TotalAmt
Program Services$36,409ProgramServicesAmt
Management And General$2,135ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$122,945TotalAmt
Program Services$122,698ProgramServicesAmt
Management And General$247ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$26,138TotalAmt
Program Services$20,795ProgramServicesAmt
Management And General$5,343ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FOOD AND SUPPLIES$53,926$50,454$3,472
MISCELLANEOUS$9,783$5,464$4,319
BAD DEBT EXPENSE$55$55

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$868,906TotalAmt
Program Services$756,880ProgramServicesAmt
Management And General$112,026ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$900BOYAmt
EOY$28,284EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$429,821BOYAmt
EOY$535,996EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$11,365BOYAmt
EOY$5,518EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,033,376BOYAmt
EOY$866,530EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,313,987LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$941,128LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,293,955BOYAmt
EOY$3,372,859EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$233,690BOYAmt
EOY$233,648EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$155,276BOYAmt
EOY$158,940EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,158,383BOYAmt
EOY$5,201,775EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$47,154BOYAmt
EOY$60,403EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$150,835BOYAmt
EOY$148,500EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$36,847BOYAmt
EOY$33,339EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,518,478BOYAmt
EOY$1,372,016EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,753,314BOYAmt
EOY$1,614,258EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,903,474BOYAmt
EOY$3,014,712EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$501,595BOYAmt
EOY$572,805EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,405,069BOYAmt
EOY$3,587,517EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,158,383BOYAmt
EOY$5,201,775EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$182,448ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$550,598CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$775,904CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$633,489CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$108,821CurrentTaxYearMinus1YearAmt
Current Tax Year$289,618CurrentTaxYearAmt
Total$2,358,430TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$550,598CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$775,904CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$633,489CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$108,821CurrentTaxYearMinus1YearAmt
Current Tax Year$289,618CurrentTaxYearAmt
Total$2,358,430TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$249,339SubstantialContributorsTotAmt
Public Support Total170$2,109,091PublicSupportTotal170Amt
Total Support$2,358,430TotalSupportAmt
Gross Receipts Rltd Activities$3,456,572GrossReceiptsRltdActivitiesAmt
Public Support CY1700.89430PublicSupportCY170Pct
Public Support PY1700.92440PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (true)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$337,099OtherCostOrOtherBasisAmt
Book Value$337,099BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,192,002OtherCostOrOtherBasisAmt
Depreciation$868,272DepreciationAmt
Book Value$2,323,730BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$154,146OtherCostOrOtherBasisAmt
Depreciation$72,856DepreciationAmt
Book Value$81,290BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$630,740OtherCostOrOtherBasisAmt
Book Value$630,740BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,372,859TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,061,354TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$10,000DonatedServicesAndUseFcltsAmt
Revenue Not Reported$10,000RevenueNotReportedAmt
Revenue Subtotal$1,051,354RevenueSubtotalAmt
Total Revenue Per Form990$1,051,354TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$878,906TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$10,000DonatedServicesUseFcltsAmt
Expenses Not Reported$10,000ExpensesNotReportedAmt
Expenses Subtotal$868,906ExpensesSubtotalAmt
Total Expenses Per Form990$868,906TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART IV, LINE 2BRACDC RENTAL PROPERTIES REQUIRE TENANT SECURITY DEPOSITS. THESE AMOUNTS ARE CONSIDERED CUSTODIAL LIABILITIES.
SCHEDULE D, PAGE 3, PART XTHE ORGANIZATION BELIEVES IT HAS APPROPRIATE SUPPORT FOR ANY TAX POSITIONS TAKEN, AND, AS SUCH, DOES NOT HAVE ANY UNCERTAIN TAX POSITIONS THAT ARE MATERIAL TO THE FINANCIAL STATEMENTS.

Schedule L IRS990ScheduleL

Bus Tr Involve Interested Prsn BusTrInvolveInterestedPrsnGrp (2 entries)

Relationship DescriptionRelationshipDescriptionTxtTransactionTransactionAmtTransactionTransactionDescSharing Of RevenuesSharingOfRevenuesInd
ECFIBER
RELATED PARTY$40,000CONTRACTORfalse
LEDDYNAMICS
RELATED PARTY$34,067BOARD MEMBERfalse

Supplemental Information Detail SupplementalInformationDetail

FieldValueIRS element (for citing)
Form And Line ReferenceSCHEDULE L, PART VFormAndLineReferenceDesc
ExplanationRACDC WAS CONTRACTED IN JULY 2020 BY ECFIBER TO PROVIDE SERVICES FOR A GRANT-FUNDED PROJECT TO ENABLE THE COMPANY TO INSTALL UNDERGROUND FIBER OPTIC CONDUIT AND CABLE TO PREDOMINANTLY LOW-MOD INCOME HOUSEHOLDS IN 13 MOBILE HOME PARKS IN ITS SERVICE REGION AT NO COST TO THE PARK OWNERS OR RESIDENTS. RACDC'S E.D., JULIE IFFLAND, IS THE DOMESTIC PARTNER OF ECFIBER'S MANAGING DIRECTOR, CHRISTOPHER RECCHIA.ExplanationTxt

Schedule M IRS990ScheduleM

Securities Publicly Traded SecuritiesPubliclyTradedGrp

FieldValueIRS element (for citing)
Non Cash CheckboxYes (X)NonCashCheckboxInd
Contribution1ContributionCnt
Noncash Contributions Rpt F990$76,812NoncashContributionsRptF990Amt
Method Of Determining RevenuesFAIR MARKET VALUEMethodOfDeterminingRevenuesTxt
FieldValueIRS element (for citing)
Any Property That Must Be HeldfalseAnyPropertyThatMustBeHeldInd
Review Process Unusual NC GiftsYes (true)ReviewProcessUnusualNCGiftsInd
Third Parties UsedfalseThirdPartiesUsedInd

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (9 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONRANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION (RACDC) IS A NONPROFIT ORGANIZATION THAT UNITES THE COMMUNITY BEHIND INITIATIVES WHICH STRENGTHEN OUR REGION'S SOCIAL AND ECONOMIC ASSETS IN ORDER TO ENRICH QUALITY OF LIFE, INSTILL PRIDE, AND BUILD CONFIDENCE. WE DO THIS BY PROMOTING SOUND DEVELOPMENT PRACTICES AND INVESTMENT, CREATING AFFORDABLE HOUSING OPTIONS, PRESERVING ENVIRONMENTAL AND HISTORIC RESOURCES, AND LEADING IN THE REVITALIZATION OF DOWNTOWN AND VILLAGE CENTERS.
FORM 990, PAGE 2, PART III, LINE 4DRACDC ADMINISTERS SEVERAL ADDITIONAL PROGRAMS. THE REVOLVING LOAN FUND SERVED ROUGHLY 6 RESIDENTIAL AND 13 BUSINESS CUSTOMERS IN THE AREA. THE SUPPORT AND SERVICES AT HOME (SASH) PROGRAM SERVED APPROXIMATELY 90 FULL PARTICIPANTS AND OVER 100 PARTICIPANTS OF ITS PUBLICLY AVAILABLE ACTIVITIES AND EVENTS IN FISCAL YEAR 2021. IN ADDITION, THE DOWNTOWN DESIGNATION SERVED THE ENTIRE REGION BY SUPPORTING BUSINESSES AS WELL AS SUPPORTING INFRASTRUCTURE IMPROVEMENTS FOR THE TOWN OF RANDOLPH, VERMONT. RACDC SUSPENDED ITS EVENTS IN 2021 DUE TO COVID-19, BUT IT DID CO-CREATE A NEW MUTUAL AID NETWORK KNOWN AS RAMAN (RANDOLPH AREA MUTUAL AID NETWORK), WHICH NOW INCLUDES 4 TOWNS AND ABOUT A DOZEN LOCAL ORGANIZATIONS. THROUGH RAMAN, RACDC ALSO STARTED A COMMUNITY FUND WHICH RACDC HOSTS TO ADDRESS COMMUNITY NEEDS DUE TO COVID-19, BUT ALSO WITH THE INTENTION OF CONTINUING RAMAN AND THE COMMUNITY FUND TO ADDRESS ESSENTIAL NEEDS OF COMMUNITY MEMBERS IN CRISIS GOING FORWARD. THE COMMERCIAL BUILDING AT 28 NORTH MAIN STREET IS A REDEVELOPMENT OF A FORMER SCHOOL SITE INTO A COMMERCIAL BUILDING TO MOVE A LARGE RANDOLPH EMPLOYER TO A DOWNTOWN LOCATION.
FORM 990, PAGE 6, PART VI, LINE 6MEMBERSHIP IN THE ORGANIZATION IS VOLUNTARY AND IS OPEN TO ANY INDIVIDUAL, BUSINESS, AND ORGANIZATION. APPLICANTS ARE ADMITTED MEMBERSHIP FOR THREE YEARS UPON SUBMITTING SUCH INFORMATION AS MAY BE REQUIRED BY THE BOARD.
FORM 990, PAGE 6, PART VI, LINE 7AMEMBERS OF RACDC ELECT THE BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 7BMEMBERS OF RACDC APPROVE CHANGES TO THE GOVERNING DOCUMENTS.
FORM 990, PAGE 6, PART VI, LINE 11BTHE 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW.
FORM 990, PAGE 6, PART VI, LINE 12CWE ASK FOR UPDATES TO THE CONFLICT OF INTEREST REPORTS YEARLY AT THE BOARD ORGANIZING MEETING AND DISCUSS POTENTIAL CONFLICTS AS/IF ISSUES ARISE.
FORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD DETERMINES THE EXECUTIVE DIRECTOR'S SALARY. IT IS RESPONSIBLE FOR THE EXECUTIVE DIRECTOR'S EVALUATION, A PART OF WHICH IS A RECOMMENDATION OF SALARY, FURTHER APPROVED BY THE BOARD IN THE BUDGET VOTE.
FORM 990, PAGE 6, PART VI, LINE 19THE FILES ARE AVAILABLE IN THE OFFICE FOR REVIEW AT ANY TIME BY ANY MEMBER OF THE PUBLIC THAT ASKS.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
RED LION INC
9 PLEASANT STREETRANDOLPHVT05060030366322HOUSINGVT50110N/Afalse
RANDOLPH HOUSE HOLDINGS INC
PO BOX 409RANDOLPHVT05060273846986HOUSINGVT50110N/Afalse

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdPredominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPct
HEDDING DRIVE LIMITED PARTNERSHIP
123 ST PAUL STREETBURLINGTONVT05401030354590HOUSINGVTN/ARELATED-$6$1,521falseYes (true)0.00030
BRANCHWOOD HOUSING LTD PARTNERSHIP
123 ST PAUL STREETBURLINGTONVT05401200229635HOUSINGVTN/ARELATED-$27-$3,240falseYes (true)0.00050
SALISBURY SQUARE HLP
123 ST PAUL STREETBURLINGTONVT05401273939662HOUSINGVTN/ARELATED-$9$229,212falseYes (true)0.00010

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
SALISBURY SQUARE RENTAL CORPORATION
PO BOX 409RANDOLPHVT05060273939825HOUSINGVTN/AC CORP-$9$229,2121.00000false
SALISBURY SQUARE PLANNED COMMUNITY
PO BOX 409RANDOLPHVT05060273940098HOUSINGVTN/AC CORPfalse
SALISBURY SQUARE HOMEOWNER'S ASSOCI
PO BOX 409RANDOLPHVT05060273940697HOUSINGVTN/AC CORPfalse
SALISBURY SQUARE HOMEOWNER'S ASSOCI
PO BOX 409RANDOLPHVT05060273940568HOUSINGVTN/AC CORPfalse
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
RANDOLPH HOUSE HOLDINGS INC
O$4,028FMV
RANDOLPH HOUSE HOLDINGS INC
S$28,462FMV
RANDOLPH HOUSE HOLDINGS INC
L$44,761FMV
RED LION INC
L$8,520FMV