2016-05-13T12:32:44-05:00 2015-06-30 030280081 JMM & ASSOCIATES PC 336 WATER TOWER CIR STE 801 COLCHESTER VT 05446 990 2014-07-01 030337709 RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION RAND 8027284305 PO BOX 409 RANDOLPH VT 05060 JULIE IFFLAND EXECUTIVE DIRECTOR 8027284305 2016-05-09 true RANDALL L SARGENT CPA P00136499 8026555665 2016-05-13 2014 2016-08-17 19:52:53Z JULIE IFFLAND PO BOX 409 RANDOLPH VT 05060 614094 false X WWW.RACDC.COM X 1993 VT DEVELOP AFFORDABLE HOUSING AND ELDERLY HOUSING; ATTRACT AND RETAIN BUSINESSES; SUPPORT DOWNTOWN AND VILLAGE CENTER REVITALIZATION. 11 11 19 64 0 75772 137981 498297 467972 87695 -24067 9738 8141 671502 590027 0 0 300580 315865 0 0 339487 340861 640067 656726 31435 -66699 3467156 3374501 2005568 1979612 1461588 1394889 X DEVELOP AFFORDABLE HOUSING AND ELDERLY HOUSING; ATTRACT AND RETAIN BUSINESSES; SUPPORT DOWNTOWN AND VILLAGE CENTER REVITALIZATION. false false 252776 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 16 PEOPLE IN FISCAL YEAR 2015. 49616 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 26 PEOPLE IN FISCAL YEAR 2015. 41497 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. 200185 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 60 PEOPLE IN FISCAL YEAR 2015. IN ADDITION, THE DOWNTOWN DESIGNATION SERVED THE ENTIRE REGION BY SUPPORTING BUSINESSES AS WELL AS SUPPORTING INFRASTRUCTURE IMPROVEMENTS FOR THE TOWN OF RANDOLPH, VERMONT. 200185 544074 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 false false false false false true false false false true 25 0 19 true false false false false false false false false false false X 11 11 false false false false true true true true true false false true 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 SUE SHERMAN SECRETARY 2.00 X X 0 0 0 MARTY STRANGE TREASURER 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 BOB WRIGHT 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 LINDA CHAMBERS UNTIL OCT 2014 DIRECTOR 2.00 X 0 0 0 DOUG SANDERS UNTIL APR 2015 DIRECTOR 2.00 X 0 0 0 JULIE IFFLAND EXECUTIVE DI 40.00 X 83665 0 0 83665 false false false 53516 84465 3967 137981 RENTAL INCOME 523920 174556 174556 SERVICES INCOME 532000 126892 126892 SASH CONTRACT FEES 621610 107040 107040 INTEREST INCOME 531110 52964 52964 LOAN FEES 531390 6555 6555 -35 -35 467972 24067 -24067 -24067 -24067 DISTRIBUTION FROM RHH 531390 6423 6423 MISCELLANEOUS INCOME 531390 1718 1718 8141 590027 452046 80600 64480 16120 203444 181587 21857 8307 7614 693 23514 20377 3137 9256 9256 674 369 305 27300 27300 32509 17786 14723 1596 523 1073 5632 70 5562 92115 90538 1577 1677 1006 671 3050 1132 1918 64538 61022 3516 40430 40430 11936 8083 3853 FOOD AND SUPPLIES 40610 33909 6701 MISCELLANEOUS 9538 5892 3646 656726 544074 112652 0 1784 973 326071 319325 15806 13040 11473 1618010 1472210 4518 6738 1870062 575327 1254121 1294735 233998 233963 15614 19278 3467156 3374501 58146 67507 3807 3807 1943615 1908298 2005568 1979612 X 916154 871943 415392 392904 130042 130042 1461588 1394889 3467156 3374501 -66699 X false true X true false X 117321 162087 47810 75772 137981 540971 117321 162087 47810 75772 137981 540971 62849 478122 540971 3074155 0.88380 0.91310 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 268000 268000 1158448 526732 631716 137953 48595 89358 305661 305661 1294735 INVESTMENT IN SSRC 229267 C INVESTMENT IN OTHER PROPERTIES 4696 C 233963 X 608607 18580 18580 590027 590027 675306 18580 18580 656726 656726 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, 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 60 PEOPLE IN FISCAL YEAR 2015. 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 REVIEWED BY THE COO/CFO AND EXECUTIVE DIRECTOR AND SUBMITTED TO THE BOARD FOR APPROVAL PRIOR TO FILING. 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 FINANCE COMMITTEE AND PERSONNEL COMMITTEE REVIEW ANNUAL COMPENSATION FOR THE EXECUTIVE DIRECTOR AND SUBMIT RECOMMENDATIONS TO THE BOARD OF DIRECTORS FOR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. RED LION INC 9 PLEASANT STREET RANDOLPH VT 05060 030366322 HOUSING VT 501 9 N/A false RANDOLPH HOUSE HOLDINGS INC PO BOX 409 RANDOLPH VT 05060 273846986 HOUSING VT 501 9 N/A false HEDDING DRIVE LIMITED PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 030354590 HOUSING VT N/A RELATED -11 1568 false true 0.00330 BRANCHWOOD HOUSING LTD PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 200229635 HOUSING VT N/A RELATED -26 -3038 false true 0.00500 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 -9 229267 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 5038 FMV RANDOLPH HOUSE HOLDINGS INC S 6423 FMV RANDOLPH HOUSE HOLDINGS INC L 41908 FMV RED LION INC L 8280 FMV