2017-05-12T13:45:36-04:00 2016-06-30 030280081 JMM & ASSOCIATES PC 336 WATER TOWER CIR STE 801 COLCHESTER VT 05446 990 2015-07-01 030337709 RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION RAND 8027284305 PO BOX 409 RANDOLPH VT 05060 JULIE IFFLAND EXECUTIVE DIRECTOR 8027284305 2016-05-12 true RANDALL L SARGENT CPA P00136499 8026555665 2017-05-12 2015 2021-01-29 14:40:06Z JULIE IFFLAND PO BOX 409 RANDOLPH VT 05060 834442 false X WWW.RACDC.COM X 1993 VT 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. 10 10 15 30 0 137981 239620 467972 446242 -24067 0 8141 148580 590027 834442 0 0 315865 327566 0 0 340861 343031 656726 670597 -66699 163845 3374501 3237170 1979612 1678436 1394889 1558734 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. false false 224621 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 20 PEOPLE IN FISCAL YEAR 2016. 58128 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 25 PEOPLE IN FISCAL YEAR 2016. 39185 28 NORTH MAIN IS A REDEVELOPMENT OF A FORMER SCHOOL SITE INTO A COMMERCIAL BUILDING TO MOVE A LARGE RANDOLPH EMPLOYER TO A DOWNTOWN LOCATION. 234958 RACDC ADMINISTERS SEVERAL ADDITIONAL PROGRAMS. THE REVOLVING LOAN FUND SERVED ROUGHLY TEN RESIDENTIAL AND BUSINESS CUSTOMERS IN THE AREA. THE SUPPORT AND SERVICES AT HOME (SASH) PROGRAM SERVED APPROXIMATELY 70 FULL PARTICIPANTS AND OVER 100 PARTICIPANTS OF ITS PUBLICLY AVAILABLE ACTIVITIES AND EVENTS IN FISCAL YEAR 2016. IN ADDITION, THE DOWNTOWN DESIGNATION SERVED THE ENTIRE REGION BY SUPPORTING BUSINESSES AS WELL AS SUPPORTING INFRASTRUCTURE IMPROVEMENTS FOR THE TOWN OF RANDOLPH, VERMONT. 234958 556892 true true false false false false false false true false true false true 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 true false false false false true false false false true 17 0 15 true false false false false false false false false false false X 10 10 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 PAM STAFFORD PRESIDENT 2.00 X X 0 0 0 ROBERT MOYER VICE PRESIDE 2.00 X X 0 0 0 BOB WRIGHT SECRETARY 2.00 X X 0 0 0 PETER REED TRESURER 2.00 X X 0 0 0 PATRICK FRENCH DIRECTOR 2.00 X 0 0 0 TED ELZEY DIRECTOR 2.00 X 0 0 0 CAROL BUSHEY DIRECTOR 2.00 X 0 0 0 SARAH ISHAM DIRECTOR 2.00 X 0 0 0 JOHN WESTBROOK DIRECTOR 2.00 X 0 0 0 LEE MOORE DIRECTOR 2.00 X 0 0 0 SUE SHERMAN TERM ENDED OCT 2015 DIRECTOR 2.00 X 0 0 0 PERRY KACIK RESIGNED APRIL 2016 DIRECTOR 2.00 X 0 0 0 MARTY STRANGE RESIGNED OCT 2015 DIRECTOR 2.00 X 0 0 0 JULIE IFFLAND EXECUTIVE DI 40.00 X 80566 0 0 80566 false false false 187624 51996 143828 239620 RENTAL INCOME 532000 176039 176039 SERVICES INCOME 721310 114891 114891 SASH CONTRACT FEES 621610 104180 104180 INTEREST INCOME 531110 42473 42473 LOAN FEES 531390 8728 8728 -69 -69 446242 DISTRIBUTION FROM RHH 531390 147265 147265 MISCELLANEOUS INCOME 531390 1315 1315 148580 834442 594822 83665 69442 14223 208518 188145 20373 11748 11266 482 23635 20920 2715 11957 11957 2823 1633 1190 28866 28866 42086 24343 17743 2510 2055 455 5914 2189 3725 81076 77770 3306 3832 3832 3723 847 2876 54231 57730 -3499 44135 42902 1233 13058 8330 4728 FOOD AND SUPPLIES 31618 28261 3357 MISCELLANEOUS 17202 5270 11932 670597 556892 113705 0 973 973 319325 301213 15806 11473 -699 1472210 1368737 6738 1718 1909642 593395 1294735 1316247 233963 233903 19278 15078 3374501 3237170 67507 34970 3807 3010 1908298 1640456 1979612 1678436 X 871943 1033500 392904 395192 130042 130042 1394889 1558734 3374501 3237170 163845 X false true X true false X 162087 47810 75772 137981 239620 663270 162087 47810 75772 137981 239620 663270 59336 603934 663270 2856970 0.91050 0.88380 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 268000 268000 1177925 564275 613650 120913 29120 91793 342804 342804 1316247 INVESTMENT IN SSRC 229259 C INVESTMENT IN OTHER PROPERTIES 4644 C 233903 X 844442 10000 10000 834442 834442 680597 10000 10000 670597 670597 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. X DEBT FORGIVEN 1 143528 VALUE OF DEBT FORGIVEN X CONTRACTOR 1 300 FAIR MARKET VALUE false false false 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 4D RACDC ADMINISTERS SEVERAL ADDITIONAL PROGRAMS. THE REVOLVING LOAN FUND SERVED ROUGHLY TEN RESIDENTIAL AND BUSINESS CUSTOMERS IN THE AREA. THE SUPPORT AND SERVICES AT HOME (SASH) PROGRAM SERVED APPROXIMATELY 70 FULL PARTICIPANTS AND OVER 100 PARTICIPANTS OF ITS PUBLICLY AVAILABLE ACTIVITIES AND EVENTS IN FISCAL YEAR 2016. IN ADDITION, THE DOWNTOWN DESIGNATION SERVED THE ENTIRE REGION BY SUPPORTING BUSINESSES AS WELL AS SUPPORTING INFRASTRUCTURE IMPROVEMENTS FOR THE TOWN OF RANDOLPH, VERMONT. 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 BOARD MEMBERS REVIEW THE CONFLICT OF INTEREST POLICY AND SIGN A CONFLICT OF INTEREST DISCLOSURE FORM ANNUALLY. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD DETERMINES THE EXECUTIVE DIRECTOR'S SALARY. IT IS RESPONSIBLE FOR THE ED'S EVALUATION, A PART OF WHICH IS A RECOMMENDATION ON SALARY, FURTHER APPROVED BY THE BOARD IN THE BUDGET VOTE. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. 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