2021-05-14T15:34:04-05:00 2020-06-30 030280081 JMM & ASSOCIATES PC 336 WATER TOWER CIR STE 801 COLCHESTER VT 05446 990 2019-07-01 030337709 RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION RAND 8027284305 PO BOX 409 RANDOLPH VT 05060 JULIE IFFLAND EXECUTIVE DIRECTOR 8027284305 2021-05-10 true RANDALL L SARGENT CPA P00136499 8026555665 2021-05-11 2019 2022-09-23 18:48:47Z JULIE IFFLAND PO BOX 409 RANDOLPH VT 05060 736283 false X WWW.RACDC.COM X 1993 VT RANDOLPH 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. 9 9 21 75 0 633489 108821 657137 612230 0 40168 15232 1330794 736283 0 0 275041 300297 0 0 455708 443157 730749 743454 600045 -7171 5120818 5158383 1708578 1753314 3412240 3405069 X RANDOLPH 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. true false 273942 277438 JOSLYN 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. 64117 77634 ARMSTRONG 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. 58810 80090 JACOBS 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. 239792 177068 RACDC 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. 239792 177068 636661 true true false false false false false false true false true false false false false true false true false false false false false false false false false false false false false false false false false false false false false false false false false true false false false true 18 0 21 true false false false false false false false false false false false false X 9 9 false false false false true true true true true false false false true true true true true true false false X JULIE IFFLAND 8027284305 PO BOX 409 RANDOLPH VT 05060 JULIE IFFLAND EXECUTIVE DI 38.00 2.00 X 80566 0 0 BOB WRIGHT PRESIDENT 2.00 X X 0 0 0 PETER REED V.P./TREASUR 2.00 X X 0 0 0 ROBERT MOYER SECRETARY 2.00 X X 0 0 0 DAN DEVOE DIRECTOR 2.00 X 0 0 0 PAM STAFFORD DIRECTOR 2.00 X 0 0 0 PATRICK FRENCH DIRECTOR 2.00 X 0 0 0 TOM AYRES DIRECTOR 2.00 X 0 0 0 ROBERT SPARADEO DIRECTOR 2.00 X 0 0 0 CHRISTINE MALONEY DIRECTOR 2.00 X 0 0 0 SARAH BAKER UNTIL JUNE 2020 DIRECTOR 2.00 X 0 0 0 KEN STEVENS UNTIL NOV 2019 DIRECTOR 2.00 X 0 0 0 80566 false false false JA MCDONALD 585 GILMAN ROAD LYNDONVILLE CENTER VT 05850 CONTRACTOR 658354 1 92746 16075 108821 RENTAL INCOME 532000 305013 305013 SERVICES INCOME 721310 149206 149206 SASH CONTRACT FEES 621610 111697 111697 INTEREST INCOME 531110 37007 37007 LOAN FEES 531390 9331 9331 -24 -24 612230 DISTRIBUTION FROM RHH 531390 8996 8996 MISCELLANEOUS INCOME 531390 6236 6236 15232 736283 627462 80566 68481 12085 177837 160771 17066 13851 11642 2209 28043 25641 2402 12462 12462 3314 1926 1388 22518 22518 40975 31964 9011 2562 1295 1267 6386 1424 4962 135844 131075 4769 806 771 35 9337 4532 4805 41927 38900 3027 58437 56958 1479 16585 10489 6096 FOOD AND SUPPLIES 45915 42601 3314 MISCELLANEOUS 26149 15789 10360 BAD DEBT EXPENSE 19940 19940 743454 636661 106793 0 900 900 562586 429821 87900 11365 715 1039379 1033376 40 4112450 818495 3168975 3293955 233751 233690 26572 155276 5120818 5158383 141653 47154 295 150835 12758 36847 1553872 1518478 1708578 1753314 X 2718441 2903474 693799 501595 3412240 3405069 5120818 5158383 -7171 X false true X true false X 239620 550598 775904 633489 108821 2308432 239620 550598 775904 633489 108821 2308432 174527 2133905 2308432 3289658 0.92440 0.92490 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 335384 335384 3090125 753577 2336548 190019 64918 125101 496922 496922 3293955 X 746283 10000 10000 736283 736283 753454 10000 10000 743454 743454 SCHEDULE D, PAGE 2, PART IV, LINE 2B RACDC RENTAL PROPERTIES REQUIRE TENANT SECURITY DEPOSITS. THESE AMOUNTS ARE CONSIDERED CUSTODIAL LIABILITIES. SCHEDULE D, PAGE 3, PART X THE 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. FORM 990 - ORGANIZATION'S MISSION RANDOLPH 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 2 RACDC 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 4D RACDC 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 6 MEMBERSHIP 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 7A MEMBERS OF RACDC ELECT THE BOARD OF DIRECTORS. FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS OF RACDC APPROVE CHANGES TO THE GOVERNING DOCUMENTS. FORM 990, PAGE 6, PART VI, LINE 11B THE 990 IS PROVIDED TO THE FINANCE COMMITTEE FOR REVIEW. FORM 990, PAGE 6, PART VI, LINE 12C WE 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 15A THE 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 19 THE FILES ARE AVAILABLE IN THE OFFICE FOR REVIEW AT ANY TIME BY ANY MEMBER OF THE PUBLIC THAT ASKS. 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