2013-02-28T15:13:58-06:00 2012-06-30 JMM & ASSOCIATES INC 336 WATER TOWER CIR STE 801 COLCHESTER VT 05446 990 2011-07-01 030337709 RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION RAND 8027284305 PO BOX 409 RANDOLPH VT 05060 JULIE IFFLAND 8027284305 2013-02-20 true RANDALL L SARGENT CPA 8026555665 2013-02-28 2011 2016-03-07 17:11:31Z JULIE IFFLAND PO BOX 409 RANDOLPH VT 05060 843928 false X WWW.RACDC.COM X 1993 VT DEVELOP AFFORDABLE HOUSING AND ELDERLY HOUSING; ATTRACT AND RETAIN BUSINESSES; SUPPORT DOWNTOWN AND VILLAGE CENTER REVITALIZATION. 14 14 14 32 0 117321 162087 779040 680009 -409171 0 32967 1832 520157 843928 10000 5750 0 267293 303282 0 0 470010 418705 747303 727737 -227146 116191 4872874 3870660 3662842 2387777 1210032 1482883 X DEVELOP AFFORDABLE HOUSING AND ELDERLY HOUSING; ATTRACT AND RETAIN BUSINESSES; SUPPORT DOWNTOWN AND VILLAGE CENTER REVITALIZATION. false false 238394 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. RACDC SERVED OVER 200 RESIDENTS, TENANTS, LOAN PARTICIPANTS AND INQUIRIES THROUGHOUT FISCAL 2012. 50721 AYERS BROOK CENTER IS AN OFFICE BUILDING ACQUIRED AND RENOVATED BY RACDC TO CO-LOCATE SOCIAL SERVICE ORGANIZATION OFFICES AND PROGRAMS. 47816 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. 276693 5750 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. THE RANDOLPH HOUSE IS A LOW-INCOME HOUSING UNIT, AND IS RESTRICED TO SUCH BY AFFORDABILITY CONVENANTS. THE RANDOLPH HOUSE IS LOCATED ON MAIN STREET IN RANDOLPH, VERMONT. 276693 5750 613624 true true false false false false false false false false true false true true true true true true false false false false false false false false false false true false false false false false false false false false true false false false false true false false false false true 20 0 true 14 true false false false false false false X 14 14 false false false false false 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 SANDERS STEPHENS 2.00 X 0 0 0 LINDA CHAMBERS 2.00 X 0 0 0 CAROLYN TONELLI 2.00 X 0 0 0 PAM STAFFORD 2.00 X 0 0 0 JOHN LUTZ 2.00 X 0 0 0 KELLY GREEN 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 79199 0 1534 79199 1534 false false false 94417 67670 29753 162087 RENTAL INCOME 523920 246662 246662 SERVICES INCOME 532000 179320 179320 DEVELOPMENT FEES 522292 172890 172890 INTEREST INCOME 531110 65345 65345 LOAN FEES 531390 14977 14977 815 815 680009 MISCELLANEOUS INCOME 531390 1832 1832 1832 843928 681841 5750 5750 80610 48366 32244 188808 158351 30457 14227 11072 3155 19637 14863 4774 17977 17977 3040 2373 667 11801 9212 2589 86251 67329 18922 2680 750 1930 5240 2593 2647 112480 111600 880 1106 1106 2157 150 2007 79543 78006 1537 37203 37203 8893 5859 3034 FOOD AND SUPPLIES - JH 33477 33477 FOOD AND SUPPLIES - ADMIN 5461 5461 MISCELLANEOUS - ADMIN 3809 3809 MISCELLANEOUS - OTHER 3609 3609 3978 3978 727737 613624 114113 0 416708 86272 157873 198940 19332 9786 435203 423439 12463 5348 2071275 576097 2311865 1495178 229294 1519430 1422403 4872874 3870660 100932 57575 2802 3482768 2324772 55057 21283 5430 3662842 2387777 X 618373 921104 461617 431737 130042 130042 1210032 1482883 4872874 3870660 116191 156660 X false true true X false X 562466 242198 235996 117321 162087 1320068 562466 242198 235996 117321 162087 1320068 31891 1288177 32967 1832 34799 1354867 2823004 0.95080 0.95760 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 568251 568251 1158782 538071 620711 141783 38026 103757 202459 202459 1495178 INVESTMENT IN SSRC 229294 C 229294 CAPITAL LEASE RECEIVABLE 1402835 ACCRUED INTEREST RECEIVABLE 11089 EQUITY IN OTHER PROPERTIES 8479 1422403 SECURITY DEPOSITS PAYABLE 5430 5430 843928 727737 116191 116191 855076 11148 11148 843928 843928 738885 11148 11148 727737 727737 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. true IRENE FLOOD ASSISTANCE 8 5750 X INSULATION 1 29753 FMV false false false ADDITIONAL INFORMATION FORM 990 RACDC RECORDED AN INCREASE IN NET ASSETS OF 229,083 DUE TO A PRIOR PERIOD ADJUSTMENT. THE ADJUSTMENT REFLECTS AN INVESTMENT IN SALISBURY SQUARE RENTAL CORPORATION FOR CONTRIBUTED CAPITAL. RACDC RECORDED A DECREASE IN NET ASSETS OF 72,043 DUE TO THE OMMISSION OF A PREVIOSLY INCLUDED DISREGARDED ENTITY (RANDOLPH HOUSE HOLDINGS, INC.). THE ENTITY IS NO LONGER CONSIDERED DISREGARDED, AND THEREFORE CANNOT BE INCLUDED IN THE RACDC'S 2011 FORM 990. 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. THE RANDOLPH HOUSE IS A LOW-INCOME HOUSING UNIT, AND IS RESTRICED TO SUCH BY AFFORDABILITY CONVENANTS. THE RANDOLPH HOUSE IS LOCATED ON MAIN STREET IN RANDOLPH, VERMONT. 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. 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 8 1724 false true 0.00330 BRANCHWOOD HOUSING LTD PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 200229635 HOUSING VT N/A RELATED -289 600 false true 0.00500 SALISBURY SQUARE HLP 123 ST PAUL STREET BURLINGTON VT 05401 273939662 HOUSING VT N/A RELATED -2 229294 false true 0.00010 RANDOLPH HOUSING LIMITED PARTNERSHI 123 ST PAUL STREET BURLINGTON VT 05401 030334462 HOUSING VT N/A RELATED false true HEDDING DRIVE LIMITED PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 030354590 HOUSING VT N/A RELATED 8 1724 false true 0.00330 BRANCHWOOD HOUSING LTD PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 200229635 HOUSING VT N/A RELATED -289 600 false true 0.00500 SALISBURY SQUARE HLP 123 ST PAUL STREET BURLINGTON VT 05401 273939662 HOUSING VT N/A RELATED -2 229294 false true 0.00010 RANDOLPH HOUSING LIMITED PARTNERSHI 123 ST PAUL STREET BURLINGTON VT 05401 030334462 HOUSING VT N/A RELATED false true SALISBURY SQUARE OWNERSHIP LLC 123 ST PAUL STREET BURLINGTON VT 05401 273940279 HOUSING VT N/A C CORP SALISBURY SQUARE RENTAL CORPORATION PO BOX 409 RANDOLPH VT 05060 273939825 HOUSING VT N/A C CORP SALISBURY SQUARE PLANNED COMMUNITY PO BOX 409 RANDOLPH VT 05060 273940098 HOUSING VT N/A C CORP SALISBURY SQUARE HOMEOWNER'S ASSOCI PO BOX 409 RANDOLPH VT 05060 273940697 HOUSING VT N/A C CORP SALISBURY SQUARE HOMEOWNER'S ASSOCI PO BOX 409 RANDOLPH VT 05060 273940568 HOUSING VT N/A C CORP SALISBURY SQUARE OWNERSHIP LLC 123 ST PAUL STREET BURLINGTON VT 05401 273940279 HOUSING VT N/A C CORP SALISBURY SQUARE RENTAL CORPORATION PO BOX 409 RANDOLPH VT 05060 273939825 HOUSING VT N/A C CORP SALISBURY SQUARE PLANNED COMMUNITY PO BOX 409 RANDOLPH VT 05060 273940098 HOUSING VT N/A C CORP SALISBURY SQUARE HOMEOWNER'S ASSOCI PO BOX 409 RANDOLPH VT 05060 273940697 HOUSING VT N/A C CORP 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 false true false false false false RANDOLPH HOUSE HOLDINGS INC N 5038 FMV