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RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION: Form 990, tax year 2019

View the entire original 990 at ProPublica ↗

Organization
RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION (EIN 03-0337709)
Tax period
2019-07-01 to 2020-06-30
Filed
2021-05-14
IRS object ID
202141349349306319
Schema version
2019v5.0
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)
Return2021-05-14T15:34:04-05:00ReturnTs
Tax Period End2020-06-30TaxPeriodEndDt

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 Begin2019-07-01TaxPeriodBeginDt

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
Signature2021-05-10SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRANDALL L SARGENT CPAPreparerPersonNm
PTINP00136499PTIN
Phone8026555665PhoneNum
Preparation2021-05-11PreparationDt
FieldValueIRS element (for citing)
Tax2019TaxYr
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$736,283GrossReceiptsAmt
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 Body9VotingMembersGoverningBodyCnt
Voting Members Independent9VotingMembersIndependentCnt
Total Employee21TotalEmployeeCnt
Total Volunteers75TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$633,489PYContributionsGrantsAmt
CY Contributions Grants$108,821CYContributionsGrantsAmt
PY Program Service Revenue$657,137PYProgramServiceRevenueAmt
CY Program Service Revenue$612,230CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$40,168PYOtherRevenueAmt
CY Other Revenue$15,232CYOtherRevenueAmt
PY Total Revenue$1,330,794PYTotalRevenueAmt
CY Total Revenue$736,283CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$275,041PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$300,297CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$455,708PYOtherExpensesAmt
CY Other Expenses$443,157CYOtherExpensesAmt
PY Total Expenses$730,749PYTotalExpensesAmt
CY Total Expenses$743,454CYTotalExpensesAmt
PY Revenues Less Expenses$600,045PYRevenuesLessExpensesAmt
CY Revenues Less Expenses-$7,171CYRevenuesLessExpensesAmt
Total Assets BOY$5,120,818TotalAssetsBOYAmt
Total Assets EOY$5,158,383TotalAssetsEOYAmt
Total Liabilities BOY$1,708,578TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,753,314TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$3,412,240NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,405,069NetAssetsOrFundBalancesEOYAmt
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 SrvcYes (true)SignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$273,942ExpenseAmt
Revenue$277,438RevenueAmt
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 2020.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$64,117ExpenseAmt
Revenue$77,634RevenueAmt
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 2020.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$58,810ExpenseAmt
Revenue$80,090RevenueAmt
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 2020.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$239,792ExpenseAmt
Revenue$177,068RevenueAmt
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 2020. 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 2020 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$239,792TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$177,068TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$636,661TotalProgramServiceExpensesAmt
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 MemfalseBusinessRlnWithFamMemInd
Business Rln With35 Ctrl EntfalseBusinessRlnWith35CtrlEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
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 Document18IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee21EmployeeCnt
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 Members9GoverningBodyVotingMembersCnt
Independent Voting Member9IndependentVotingMemberCnt
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 (12 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRtOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorInd
JULIE IFFLAND
EXECUTIVE DI38.002.00Yes (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)
PAM STAFFORD
DIRECTOR2.00$0$0$0Yes (X)
PATRICK FRENCH
DIRECTOR2.00$0$0$0Yes (X)
TOM AYRES
DIRECTOR2.00$0$0$0Yes (X)
ROBERT SPARADEO
DIRECTOR2.00$0$0$0Yes (X)
CHRISTINE MALONEY
DIRECTOR2.00$0$0$0Yes (X)
SARAH BAKER UNTIL JUNE 2020
DIRECTOR2.00$0$0$0Yes (X)
KEN STEVENS UNTIL NOV 2019
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

Contractor Compensation ContractorCompensationGrp

Contractor Name ContractorName

FieldValueIRS element (for citing)
PersonJA MCDONALDPersonNm

Contractor Address ContractorAddress

US Address USAddress

FieldValueIRS element (for citing)
Address Line1585 GILMAN ROADAddressLine1Txt
CityLYNDONVILLE CENTERCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05850ZIPCd
FieldValueIRS element (for citing)
ServicesCONTRACTORServicesDesc
Compensation$658,354CompensationAmt
FieldValueIRS element (for citing)
Cntrct Rcvd Greater Than100 K1CntrctRcvdGreaterThan100KCnt
Government Grants$92,746GovernmentGrantsAmt
All Other Contributions$16,075AllOtherContributionsAmt
Total Contributions$108,821TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME532000$305,013$305,013
SERVICES INCOME721310$149,206$149,206
SASH CONTRACT FEES621610$111,697$111,697
INTEREST INCOME531110$37,007$37,007
LOAN FEES531390$9,331$9,331

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column-$24TotalRevenueColumnAmt
Related Or Exempt Func Income-$24RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$612,230TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DISTRIBUTION FROM RHH531390$8,996$8,996
MISCELLANEOUS INCOME531390$6,236$6,236
FieldValueIRS element (for citing)
Other Revenue Total$15,232OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$736,283TotalRevenueColumnAmt
Related Or Exempt Func Income$627,462RelatedOrExemptFuncIncomeAmt

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$177,837TotalAmt
Program Services$160,771ProgramServicesAmt
Management And General$17,066ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$13,851TotalAmt
Program Services$11,642ProgramServicesAmt
Management And General$2,209ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$28,043TotalAmt
Program Services$25,641ProgramServicesAmt
Management And General$2,402ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$12,462TotalAmt
Program Services$12,462ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$3,314TotalAmt
Program Services$1,926ProgramServicesAmt
Management And General$1,388ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$22,518TotalAmt
Management And General$22,518ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$40,975TotalAmt
Program Services$31,964ProgramServicesAmt
Management And General$9,011ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$2,562TotalAmt
Program Services$1,295ProgramServicesAmt
Management And General$1,267ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$6,386TotalAmt
Program Services$1,424ProgramServicesAmt
Management And General$4,962ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$135,844TotalAmt
Program Services$131,075ProgramServicesAmt
Management And General$4,769ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$806TotalAmt
Program Services$771ProgramServicesAmt
Management And General$35ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$9,337TotalAmt
Program Services$4,532ProgramServicesAmt
Management And General$4,805ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$41,927TotalAmt
Program Services$38,900ProgramServicesAmt
Management And General$3,027ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$58,437TotalAmt
Program Services$56,958ProgramServicesAmt
Management And General$1,479ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$16,585TotalAmt
Program Services$10,489ProgramServicesAmt
Management And General$6,096ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FOOD AND SUPPLIES$45,915$42,601$3,314
MISCELLANEOUS$26,149$15,789$10,360
BAD DEBT EXPENSE$19,940$19,940

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$743,454TotalAmt
Program Services$636,661ProgramServicesAmt
Management And General$106,793ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

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

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$562,586BOYAmt
EOY$429,821EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$87,900BOYAmt
EOY$11,365EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$715BOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,039,379BOYAmt
EOY$1,033,376EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$40BOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$4,112,450LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$818,495LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$3,168,975BOYAmt
EOY$3,293,955EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$233,751BOYAmt
EOY$233,690EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$26,572BOYAmt
EOY$155,276EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$5,120,818BOYAmt
EOY$5,158,383EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$141,653BOYAmt
EOY$47,154EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
BOY$295BOYAmt
EOY$150,835EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$12,758BOYAmt
EOY$36,847EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,553,872BOYAmt
EOY$1,518,478EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,708,578BOYAmt
EOY$1,753,314EOYAmt
FieldValueIRS element (for citing)
Organization Follows FASB117Yes (X)OrganizationFollowsFASB117Ind

No Donor Restriction Net Assets NoDonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$2,718,441BOYAmt
EOY$2,903,474EOYAmt

Donor Restriction Net Assets DonorRestrictionNetAssetsGrp

FieldValueIRS element (for citing)
BOY$693,799BOYAmt
EOY$501,595EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,412,240BOYAmt
EOY$3,405,069EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$5,120,818BOYAmt
EOY$5,158,383EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss-$7,171ReconcilationRevenueExpnssAmt
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$239,620CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$550,598CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$775,904CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$633,489CurrentTaxYearMinus1YearAmt
Current Tax Year$108,821CurrentTaxYearAmt
Total$2,308,432TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$239,620CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$550,598CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$775,904CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$633,489CurrentTaxYearMinus1YearAmt
Current Tax Year$108,821CurrentTaxYearAmt
Total$2,308,432TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$174,527SubstantialContributorsTotAmt
Public Support Total170$2,133,905PublicSupportTotal170Amt
Total Support$2,308,432TotalSupportAmt
Gross Receipts Rltd Activities$3,289,658GrossReceiptsRltdActivitiesAmt
Public Support CY1700.92440PublicSupportCY170Pct
Public Support PY1700.92490PublicSupportPY170Pct
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$335,384OtherCostOrOtherBasisAmt
Book Value$335,384BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$3,090,125OtherCostOrOtherBasisAmt
Depreciation$753,577DepreciationAmt
Book Value$2,336,548BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$190,019OtherCostOrOtherBasisAmt
Depreciation$64,918DepreciationAmt
Book Value$125,101BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$496,922OtherCostOrOtherBasisAmt
Book Value$496,922BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,293,955TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$746,283TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$10,000DonatedServicesAndUseFcltsAmt
Revenue Not Reported$10,000RevenueNotReportedAmt
Revenue Subtotal$736,283RevenueSubtotalAmt
Total Revenue Per Form990$736,283TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$753,454TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$10,000DonatedServicesUseFcltsAmt
Expenses Not Reported$10,000ExpensesNotReportedAmt
Expenses Subtotal$743,454ExpensesSubtotalAmt
Total Expenses Per Form990$743,454TotalExpensesPerForm990Amt

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 O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 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 2RACDC AND CAPSTONE'S LOCAL OFFICE FOUNDED THE RANDOLPH AREA MUTUAL AID NETWORK (RAMAN), WHICH PROVIDES EMERGENCY AND VOLUNTEER SERVICES AND PAYMENTS TO PEOPLE IMPACTED BY COVID-19, AND TO CONTINUE SO THAT RACDC IS BETTER PREPARED TO RESPOND TO FUTURE CRISES.
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 2020. 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 2020 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-$13$1,527falseYes (true)0.00030
BRANCHWOOD HOUSING LTD PARTNERSHIP
123 ST PAUL STREETBURLINGTONVT05401200229635HOUSINGVTN/ARELATED-$39-$3,213falseYes (true)0.00050
SALISBURY SQUARE HLP
123 ST PAUL STREETBURLINGTONVT05401273939662HOUSINGVTN/ARELATEDfalseYes (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$229,2211.00000false
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$8,996FMV
RANDOLPH HOUSE HOLDINGS INC
L$44,631FMV
RED LION INC
L$9,230FMV