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RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION: Form 990, tax year 2018

View the entire original 990 at ProPublica ↗

Organization
RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION (EIN 03-0337709)
Tax period
2018-07-01 to 2019-06-30
Filed
2020-04-10
IRS object ID
202021019349300007
Schema version
2018v3.2
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)
Return2020-04-10T09:18:39-05:00ReturnTs
Tax Period End2019-06-30TaxPeriodEndDt

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 Begin2018-07-01TaxPeriodBeginDt

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
Signature2020-03-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRANDALL L SARGENT CPAPreparerPersonNm
PTINP00136499PTIN
Phone8026555665PhoneNum
Preparation2020-03-20PreparationDt

Filing Security Information FilingSecurityInformation

IP Address IPAddress

FieldValueIRS element (for citing)
I Pv4 Address64.88.174.3IPv4AddressTxt
FieldValueIRS element (for citing)
IP2020-04-10IPDt
IP Tm09:18:39IPTm
IP TimezoneCDIPTimezoneCd
Filing License TypePFilingLicenseTypeCd
At Submission Creation Device Id1AD411E049554EB474F1A76C7C0DE76A84237027AtSubmissionCreationDeviceId
At Submission Filing Device Id1AD411E049554EB474F1A76C7C0DE76A84237027AtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2018TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

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$1,330,794GrossReceiptsAmt
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 Body12VotingMembersGoverningBodyCnt
Voting Members Independent12VotingMembersIndependentCnt
Total Employee25TotalEmployeeCnt
Total Volunteers170TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$775,904PYContributionsGrantsAmt
CY Contributions Grants$633,489CYContributionsGrantsAmt
PY Program Service Revenue$655,425PYProgramServiceRevenueAmt
CY Program Service Revenue$657,137CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$63,850PYOtherRevenueAmt
CY Other Revenue$40,168CYOtherRevenueAmt
PY Total Revenue$1,495,179PYTotalRevenueAmt
CY Total Revenue$1,330,794CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$308,022PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$275,041CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$470,786PYOtherExpensesAmt
CY Other Expenses$455,708CYOtherExpensesAmt
PY Total Expenses$778,808PYTotalExpensesAmt
CY Total Expenses$730,749CYTotalExpensesAmt
PY Revenues Less Expenses$716,371PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$600,045CYRevenuesLessExpensesAmt
Total Assets BOY$4,219,058TotalAssetsBOYAmt
Total Assets EOY$5,120,818TotalAssetsEOYAmt
Total Liabilities BOY$1,406,863TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,708,578TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$2,812,195NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$3,412,240NetAssetsOrFundBalancesEOYAmt
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$269,438ExpenseAmt
Revenue$302,626RevenueAmt
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 THREE (23) PEOPLE IN FISCAL YEAR 2019.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$46,805ExpenseAmt
Revenue$85,029RevenueAmt
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 (20) PEOPLE IN FISCAL YEAR 2019.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$43,083ExpenseAmt
Revenue$79,512RevenueAmt
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 NINETEEN (19) PEOPLE IN FISCAL YEAR 2019.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$260,468ExpenseAmt
Revenue$189,970RevenueAmt
DescRACDC ADMINISTERS SEVERAL ADDITIONAL PROGRAMS. THE REVOLVING LOAN FUND SERVED ROUGHLY 7 RESIDENTIAL AND 6 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 2019. 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 HELD OR WAS INVOLVED IN 6 MAJOR EVENTS WITH AN ESTIMATED ATTENDANCE OF 1575. WE ESTIMATE THAT 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$260,468TotalOtherProgSrvcExpenseAmt
Total Other Prog Srvc Revenue$189,970TotalOtherProgSrvcRevenueAmt
Total Program Service Expenses$619,794TotalProgramServiceExpensesAmt
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
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
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 With Officer EntfalseBusinessRlnWithOfficerEntInd
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 Document21IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee25EmployeeCnt
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 Members12GoverningBodyVotingMembersCnt
Independent Voting Member12IndependentVotingMemberCnt
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 (15 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmtAverage Hours Per Week Rltd OrgAverageHoursPerWeekRltdOrgRt
BOB WRIGHT
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
PETER REED
V.P./TREASUR2.00Yes (X)Yes (X)$0$0$0
ROBERT MOYER
SECRETARY2.00Yes (X)Yes (X)$0$0$0
DAN DEVOE
DIRECTOR2.00Yes (X)$0$0$0
PAM STAFFORD
DIRECTOR2.00Yes (X)$0$0$0
SARAH BAKER
DIRECTOR2.00Yes (X)$0$0$0
PATRICK FRENCH
DIRECTOR2.00Yes (X)$0$0$0
KEN STEVENS
DIRECTOR2.00Yes (X)$0$0$0
ROBERT SPARADEO
DIRECTOR2.00Yes (X)$0$0$0
ROGER GLOVSKY
DIRECTOR2.00Yes (X)$0$0$0
CHRISTINE MALONEY
DIRECTOR2.00Yes (X)$0$0$0
TOM AYRES
DIRECTOR2.00Yes (X)$0$0$0
KEVIN MCCOLLISTER RESIGNED 11419
DIRECTOR2.00Yes (X)$0$0$0
LEE MOORE RESIGNED 12119
DIRECTOR2.00Yes (X)$0$0$0
JULIE IFFLAND
EXECUTIVE DI38.00Yes (X)$80,566$0$02.00
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$493,580GovernmentGrantsAmt
All Other Contributions$139,909AllOtherContributionsAmt
Total Contributions$633,489TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME532000$323,801$323,801
SERVICES INCOME721310$163,699$163,699
SASH CONTRACT FEES621610$114,247$114,247
INTEREST INCOME531110$45,528$45,528
LOAN FEES531390$9,952$9,952

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column-$90TotalRevenueColumnAmt
Related Or Exempt Func Income-$90RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$657,137TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DISTRIBUTION FROM RHH531390$38,130$38,130
MISCELLANEOUS INCOME531390$2,038$2,038
FieldValueIRS element (for citing)
Other Revenue Total$40,168OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,330,794TotalRevenueColumnAmt
Related Or Exempt Func Income$697,305RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$80,566TotalAmt
Program Services$64,453ProgramServicesAmt
Management And General$16,113ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$154,147TotalAmt
Program Services$142,324ProgramServicesAmt
Management And General$11,823ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$12,235TotalAmt
Program Services$10,995ProgramServicesAmt
Management And General$1,240ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$28,093TotalAmt
Program Services$24,953ProgramServicesAmt
Management And General$3,140ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$16,101TotalAmt
Program Services$16,101ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$4,572TotalAmt
Program Services$2,290ProgramServicesAmt
Management And General$2,282ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$31,834TotalAmt
Management And General$31,834ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$42,798TotalAmt
Program Services$42,798ProgramServicesAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$5,266TotalAmt
Program Services$4,106ProgramServicesAmt
Management And General$1,160ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$5,387TotalAmt
Program Services$681ProgramServicesAmt
Management And General$4,706ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$126,436TotalAmt
Program Services$120,899ProgramServicesAmt
Management And General$5,537ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$1,204TotalAmt
Program Services$6ProgramServicesAmt
Management And General$1,198ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$8,189TotalAmt
Program Services$5,568ProgramServicesAmt
Management And General$2,621ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$49,065TotalAmt
Program Services$49,065ProgramServicesAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$59,379TotalAmt
Program Services$57,900ProgramServicesAmt
Management And General$1,479ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$16,112TotalAmt
Program Services$10,409ProgramServicesAmt
Management And General$5,703ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (3 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FOOD AND SUPPLIES$47,508$43,614$3,894
MISCELLANEOUS$24,537$6,312$18,225
BAD DEBT EXPENSE$17,320$17,320

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$730,749TotalAmt
Program Services$619,794ProgramServicesAmt
Management And General$110,955ManagementAndGeneralAmt
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$660,901BOYAmt
EOY$562,586EOYAmt

Pledges And Grants Receivable PledgesAndGrantsReceivableGrp

FieldValueIRS element (for citing)
BOY$35,779BOYAmt
EOY$87,900EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY$17,655BOYAmt
EOY$715EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,131,039BOYAmt
EOY$1,039,379EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
EOY$40EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$3,929,033LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$760,058LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$2,116,070BOYAmt
EOY$3,168,975EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$233,806BOYAmt
EOY$233,751EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$22,908BOYAmt
EOY$26,572EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$4,219,058BOYAmt
EOY$5,120,818EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$36,282BOYAmt
EOY$141,653EOYAmt

Deferred Revenue DeferredRevenueGrp

FieldValueIRS element (for citing)
EOY$295EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$10,524BOYAmt
EOY$12,758EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,360,057BOYAmt
EOY$1,553,872EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,406,863BOYAmt
EOY$1,708,578EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,896,652BOYAmt
EOY$2,718,441EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$785,501BOYAmt
EOY$563,757EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$130,042BOYAmt
EOY$130,042EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$2,812,195BOYAmt
EOY$3,412,240EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$4,219,058BOYAmt
EOY$5,120,818EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$600,045ReconcilationRevenueExpnssAmt
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$137,981CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$239,620CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$550,598CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$775,904CurrentTaxYearMinus1YearAmt
Current Tax Year$633,489CurrentTaxYearAmt
Total$2,337,592TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$137,981CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$239,620CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$550,598CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$775,904CurrentTaxYearMinus1YearAmt
Current Tax Year$633,489CurrentTaxYearAmt
Total$2,337,592TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$175,540SubstantialContributorsTotAmt
Public Support Total170$2,162,052PublicSupportTotal170Amt
Total Support$2,337,592TotalSupportAmt
Gross Receipts Rltd Activities$3,138,309GrossReceiptsRltdActivitiesAmt
Public Support CY1700.92490PublicSupportCY170Pct
Public Support PY1700.88110PublicSupportPY170Pct
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$1,683,906OtherCostOrOtherBasisAmt
Depreciation$704,597DepreciationAmt
Book Value$979,309BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$148,155OtherCostOrOtherBasisAmt
Depreciation$55,461DepreciationAmt
Book Value$92,694BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,761,588OtherCostOrOtherBasisAmt
Book Value$1,761,588BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$3,168,975TotalBookValueLandBuildingsAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,340,794TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$10,000DonatedServicesAndUseFcltsAmt
Revenue Not Reported$10,000RevenueNotReportedAmt
Revenue Subtotal$1,330,794RevenueSubtotalAmt
Total Revenue Per Form990$1,330,794TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$740,749TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$10,000DonatedServicesUseFcltsAmt
Expenses Not Reported$10,000ExpensesNotReportedAmt
Expenses Subtotal$730,749ExpensesSubtotalAmt
Total Expenses Per Form990$730,749TotalExpensesPerForm990Amt

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 2WE HAVE INCREASED THE NUMBER AND SCALE OF PUBLIC EVENTS. WE HAVE ALSO BEGUN A FREE DOWNTOWN PUBLIC WIFI EFFORT FOR RANDOLPH'S DOWNTOWN.
FORM 990, PAGE 2, PART III, LINE 4DRACDC ADMINISTERS SEVERAL ADDITIONAL PROGRAMS. THE REVOLVING LOAN FUND SERVED ROUGHLY 7 RESIDENTIAL AND 6 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 2019. 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 HELD OR WAS INVOLVED IN 6 MAJOR EVENTS WITH AN ESTIMATED ATTENDANCE OF 1575. WE ESTIMATE THAT 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 11BFORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD'S FINANCE, AUDIT & BUDGET COMMITTEE FOR REVIEW.
FORM 990, PAGE 6, PART VI, LINE 12CWE ASK BOARD MEMBERS TO FILL OUT THE CONFLICT OF INTEREST FORMS EVERY YEAR AFTER THE ANNUAL MEETING AT THE ORGANIZATIONAL MEETING AND PROVIDE BOTH THE POLICY AND THE FORM.
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-$9$1,540falseYes (true)0.00030
BRANCHWOOD HOUSING LTD PARTNERSHIP
123 ST PAUL STREETBURLINGTONVT05401200229635HOUSINGVTN/ARELATED-$35-$3,174falseYes (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-$11$229,2301.00000false
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$38,130FMV
RANDOLPH HOUSE HOLDINGS INC
L$44,308FMV
RED LION INC
L$9,230FMV