2014-03-25T07:54:38-05:00 2013-06-30 JMM & ASSOCIATES INC 336 WATER TOWER CIR STE 801 COLCHESTER VT 05446 990 2012-07-01 030337709 RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION RAND 8027284305 PO BOX 409 RANDOLPH VT 05060 JULIE IFFLAND 8027284305 2014-03-28 true RANDALL L SARGENT CPA 8026555665 2014-03-25 2012 2015-11-30 17:44:51Z JULIE IFFLAND PO BOX 409 RANDOLPH VT 05060 691889 false X WWW.RACDC.COM X 1993 VT DEVELOP AFFORDABLE HOUSING AND ELDERLY HOUSING; ATTRACT AND RETAIN BUSINESSES; SUPPORT DOWNTOWN AND VILLAGE CENTER REVITALIZATION. 13 13 16 53 0 162087 47810 680009 580474 -220 1832 15685 843928 643749 5750 0 0 303282 305428 0 0 418705 391051 727737 696479 116191 -52730 3870660 3837033 2387777 2406880 1482883 1430153 X DEVELOP AFFORDABLE HOUSING AND ELDERLY HOUSING; ATTRACT AND RETAIN BUSINESSES; SUPPORT DOWNTOWN AND VILLAGE CENTER REVITALIZATION. false false 264958 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. 47025 AYERS BROOK CENTER IS AN OFFICE BUILDING ACQUIRED AND RENOVATED BY RACDC TO CO-LOCATE SOCIAL SERVICE ORGANIZATION OFFICES AND PROGRAMS. 46710 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. 228291 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. REVOLVING LOAN FUND PROVIDES LOANS TO RESIDENTIAL CUSTOMERS AND BUSINESS LOANS TO AREA SMALL BUSINESSES. 228291 586984 true true false false false false false false true false true false true true false true true 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 true 16 true false false false false false false false false false false false false X 13 13 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 MARTY STRANGE 2.00 X X 0 0 0 PATRICK FRENCH 2.00 X X 0 0 0 SUE SHERMAN 2.00 X X 0 0 0 JOHN WESTBROOK 2.00 X 0 0 0 MARY ELLEN BEAN 2.00 X 0 0 0 SARAH ISHAM 2.00 X X 0 0 0 SANDY STEPHENS 2.00 X 0 0 0 LINDA CHAMBERS 2.00 X 0 0 0 ROBERT MOYER 2.00 X 0 0 0 PAM STAFFORD 2.00 X 0 0 0 JOHN LUTZ 2.00 X 0 0 0 ROSS EVANS 2.00 X 0 0 0 TED ELZEY 2.00 X 0 0 0 JULIE IFFLAND 40.00 X 80609 0 1603 80609 1603 false false false 11000 36810 47810 RENTAL INCOME 523920 238850 238850 SERVICES INCOME 532000 143899 143899 DEVELOPMENT FEES 522292 118890 118890 INTEREST INCOME 531110 61913 61913 LOAN FEES 531390 16159 16159 763 763 580474 47920 48140 -220 -220 -220 MISCELLANEOUS INCOME 531390 9262 9262 DISTRIBUTION FROM RHH 531390 6423 6423 15685 643749 595939 80610 61430 19180 191580 150740 40840 14710 11428 3282 18528 14483 4045 19159 19159 3037 1896 1141 18245 11389 6856 31406 19605 11801 5839 4792 1047 7263 441 6822 118124 117338 786 1034 977 57 3262 115 3147 77427 75786 1641 47522 47522 12603 7885 4718 FOOD AND SUPPLIES 37775 34270 3505 MISCELLANEOUS 8355 7728 627 696479 586984 109495 0 86272 134363 198940 205548 9786 312 423439 452063 5348 6596 2113420 619620 1495178 1493800 229294 229286 1422403 1315065 3870660 3837033 57575 75431 5483 5430 5689 2324772 2320277 2387777 2406880 X 921104 873390 431737 426721 130042 130042 1482883 1430153 3870660 3837033 -52730 X false true X true false X 242198 235996 117321 162087 47810 805412 242198 235996 117321 162087 47810 805412 43869 761543 805412 2961358 0.94550 0.95080 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 575044 575044 1175128 579375 595753 139968 40245 99723 223280 223280 1493800 INVESTMENT IN SSRC 229286 C 229286 CAPITAL LEASE RECEIVABLE 1302848 EQUITY IN OTHER PROPERTIES 8479 ACCRUED INTEREST RECEIVABLE 3738 1315065 654196 10447 10447 643749 643749 706926 10447 10447 696479 696479 ESCROW LIABILITY ARRANGEMENT EXPLANATION SCHEDULE D, PAGE 2, PART IV, LINE 2B RACDC RENTAL PROPERTIES REQUIRE TENANT SECURITY DEPOSITS. THESE AMOUNTS ARE CONSIDERED CUSTODIAL LIABILITIES. LIABILITY UNDER FIN 48 FOOTNOTE SCHEDULE D, PAGE 3, PART X THE ORGANIZATION BELIEVES THAT 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. ADDITIONAL INFORMATION FORM 990 RACDC SERVED OVER 43 ORGANIZATIONS AND 220 PEOPLE IN FISCAL 2013. ALL OTHER ACCOMPLISHMENT DESCRIPTION FORM 990, PAGE 2, PART III, LINE 4D 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. REVOLVING LOAN FUND PROVIDES LOANS TO RESIDENTIAL CUSTOMERS AND BUSINESS LOANS TO AREA SMALL BUSINESSES. CLASSES OF MEMBERS OR STOCKHOLDERS 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. ELECTION OF MEMBERS AND THEIR RIGHTS FORM 990, PAGE 6, PART VI, LINE 7A MEMBERS OF RACDC ELECT THE BOARD OF DIRECTORS. DECISIONS SUBJECT TO APPROVAL OF MEMBERS FORM 990, PAGE 6, PART VI, LINE 7B MEMBERS OF RACDC APPROVE CHANGES TO THE GOVERNING DOCUMENTS. ORGANIZATION'S PROCESS USED TO REVIEW FORM 990 FORM 990, PAGE 6, PART VI, LINE 11B COPY DISTRIBUTED TO MEMBERS OF THE BOARD OF DIRECTORS. ENFORCEMENT OF CONFLICTS POLICY 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. COMPENSATION PROCESS FOR TOP OFFICIAL FORM 990, PAGE 6, PART VI, LINE 15A BOARD OF DIRECTORS APPROVES ANNUAL COMPENSATION FOR EXECUTIVE DIRECTOR. GOVERNING DOCUMENTS DISCLOSURE EXPLANATION FORM 990, PAGE 6, PART VI, LINE 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. 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