2020-04-10T09:18:39-05:00 2019-06-30 030280081 JMM & ASSOCIATES PC 336 WATER TOWER CIR STE 801 COLCHESTER VT 05446 990 2018-07-01 030337709 RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION RAND 8027284305 PO BOX 409 RANDOLPH VT 05060 JULIE IFFLAND EXECUTIVE DIRECTOR 8027284305 2020-03-17 true RANDALL L SARGENT CPA P00136499 8026555665 2020-03-20 64.88.174.3 2020-04-10 09:18:39 CD P 1AD411E049554EB474F1A76C7C0DE76A84237027 1AD411E049554EB474F1A76C7C0DE76A84237027 2018 2021-01-29 14:40:06Z JULIE IFFLAND PO BOX 409 RANDOLPH VT 05060 1330794 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. 12 12 25 170 0 775904 633489 655425 657137 0 63850 40168 1495179 1330794 0 0 308022 275041 0 0 470786 455708 778808 730749 716371 600045 4219058 5120818 1406863 1708578 2812195 3412240 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 269438 302626 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 THREE (23) PEOPLE IN FISCAL YEAR 2019. 46805 85029 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 (20) PEOPLE IN FISCAL YEAR 2019. 43083 79512 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 NINETEEN (19) PEOPLE IN FISCAL YEAR 2019. 260468 189970 RACDC 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. 260468 189970 619794 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 21 0 25 true false false false false false false false false false false false false X 12 12 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 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 SARAH BAKER DIRECTOR 2.00 X 0 0 0 PATRICK FRENCH DIRECTOR 2.00 X 0 0 0 KEN STEVENS DIRECTOR 2.00 X 0 0 0 ROBERT SPARADEO DIRECTOR 2.00 X 0 0 0 ROGER GLOVSKY DIRECTOR 2.00 X 0 0 0 CHRISTINE MALONEY DIRECTOR 2.00 X 0 0 0 TOM AYRES DIRECTOR 2.00 X 0 0 0 KEVIN MCCOLLISTER RESIGNED 11419 DIRECTOR 2.00 X 0 0 0 LEE MOORE RESIGNED 12119 DIRECTOR 2.00 X 0 0 0 JULIE IFFLAND EXECUTIVE DI 38.00 2.00 X 80566 0 0 80566 false false false 493580 139909 633489 RENTAL INCOME 532000 323801 323801 SERVICES INCOME 721310 163699 163699 SASH CONTRACT FEES 621610 114247 114247 INTEREST INCOME 531110 45528 45528 LOAN FEES 531390 9952 9952 -90 -90 657137 DISTRIBUTION FROM RHH 531390 38130 38130 MISCELLANEOUS INCOME 531390 2038 2038 40168 1330794 697305 80566 64453 16113 154147 142324 11823 12235 10995 1240 28093 24953 3140 16101 16101 4572 2290 2282 31834 31834 42798 42798 5266 4106 1160 5387 681 4706 126436 120899 5537 1204 6 1198 8189 5568 2621 49065 49065 59379 57900 1479 16112 10409 5703 FOOD AND SUPPLIES 47508 43614 3894 MISCELLANEOUS 24537 6312 18225 BAD DEBT EXPENSE 17320 17320 730749 619794 110955 0 900 900 660901 562586 35779 87900 17655 715 1131039 1039379 40 3929033 760058 2116070 3168975 233806 233751 22908 26572 4219058 5120818 36282 141653 295 10524 12758 1360057 1553872 1406863 1708578 X 1896652 2718441 785501 563757 130042 130042 2812195 3412240 4219058 5120818 600045 X false true X true false X 137981 239620 550598 775904 633489 2337592 137981 239620 550598 775904 633489 2337592 175540 2162052 2337592 3138309 0.92490 0.88110 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 335384 335384 1683906 704597 979309 148155 55461 92694 1761588 1761588 3168975 X 1340794 10000 10000 1330794 1330794 740749 10000 10000 730749 730749 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 WE 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 4D RACDC 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 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 FORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD'S FINANCE, AUDIT & BUDGET COMMITTEE FOR REVIEW. FORM 990, PAGE 6, PART VI, LINE 12C WE 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 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. RED LION INC 9 PLEASANT STREET RANDOLPH VT 05060 030366322 HOUSING VT 501 10 N/A false RANDOLPH HOUSE HOLDINGS INC PO BOX 409 RANDOLPH VT 05060 273846986 HOUSING VT 501 10 N/A false HEDDING DRIVE LIMITED PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 030354590 HOUSING VT N/A RELATED -9 1540 false true 0.00030 BRANCHWOOD HOUSING LTD PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 200229635 HOUSING VT N/A RELATED -35 -3174 false true 0.00050 SALISBURY SQUARE HLP 123 ST PAUL STREET BURLINGTON VT 05401 273939662 HOUSING VT N/A RELATED false true 0.00010 SALISBURY SQUARE RENTAL CORPORATION PO BOX 409 RANDOLPH VT 05060 273939825 HOUSING VT N/A C CORP -11 229230 1.00000 false SALISBURY SQUARE PLANNED COMMUNITY PO BOX 409 RANDOLPH VT 05060 273940098 HOUSING VT N/A C CORP false SALISBURY SQUARE HOMEOWNER'S ASSOCI PO BOX 409 RANDOLPH VT 05060 273940697 HOUSING VT N/A C CORP false SALISBURY SQUARE HOMEOWNER'S ASSOCI PO BOX 409 RANDOLPH VT 05060 273940568 HOUSING VT N/A C CORP false false false false false false false false false false false false true false false true false false false true RANDOLPH HOUSE HOLDINGS INC O 4028 FMV RANDOLPH HOUSE HOLDINGS INC S 38130 FMV RANDOLPH HOUSE HOLDINGS INC L 44308 FMV RED LION INC L 9230 FMV