2012-03-20T08:17:22-05:00 2011-06-30 JMM & ASSOCIATES INC 309 COLLEGE STREET PO BOX 385 BURLINGTON VT 054020385 990 2010-07-01 030337709 RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION RAND 8027284305 PO BOX 409 RANDOLPH VT 05060 JULIE IFFLAND 8027284305 2012-02-05 true RANDALL L SARGENT CPA 8026580043 2012-03-20 2010 2016-02-24 21:20:13Z JULIE IFFLAND PO BOX 409 RANDOLPH VT 05060 1544586 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 16 32 0 235996 117321 412762 779040 -409171 32967 648758 520157 10000 0 258583 267293 0 0 432085 470010 690668 747303 -41910 -227146 4304124 4872874 2866946 3662842 1437178 1210032 X DEVELOP AFFORDABLE HOUSING AND ELDERLY HOUSING; ATTRACT AND RETAIN BUSINESSES; SUPPORT DOWNTOWN AND VILLAGE CENTER REVITALIZATION. false false 232185 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. 78761 AYERS BROOK CENTER IS AN OFFICE BUILDING ACQUIRED AND RENOVATED BY RACDC TO CO-LOCATE SOCIAL SERVICE ORGANIZATION OFFICES AND PROGRAMS. 50932 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. 172382 10000 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. IN 2011 RACDC ACQUIRED THE RANDOLPH HOUSE THROUGH ITS WHOLLY OWNED SUBSIDIARY, RANDOLPH HOUSE HOLDINGS, INC. 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. 172382 10000 534260 true true false false false false false false false false true false false true true true true true false false false false false false false false false true false false false false false false false false false false false false false false false true false false false false true 15 0 true 16 true false false false false false false X 11 11 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 10.00 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 STEPHEN 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 JULIE IFFLAND 40.00 X 76263 0 1903 76263 1903 false false false 45539 71782 117321 RENTAL AND SERVICES 523920 400910 400910 DEVELOPMENT FEES 532000 127890 127890 DAY SERVICES 522292 106368 106368 FORGIVENESS OF DEBT 531110 50000 50000 INTEREST ON LOANS RECEIVABLE 531390 48972 48972 44900 44900 779040 615258 1024429 -409171 -409171 -409171 SETTLEMENT INCOME 531390 30000 30000 MISCELLANEOUS INCOME 531390 2967 2967 32967 520157 402836 10000 10000 76502 76502 158092 99035 59057 12575 4166 8409 20124 8709 11415 21167 21167 26699 26699 23397 6228 17169 18907 945 17962 3722 1511 2211 8420 2964 5456 4820 193 4627 163402 162902 500 3796 512 3284 1952 1952 56705 54193 2512 43953 43953 9765 8881 884 FOOD AND SUPPLIES - JH 29593 29593 PROPERTY MANAGEMENT - R.H 25497 25497 MISCELLANEOUS - RLF 10063 10063 FOOD AND SUPPLIES - R.H. 6919 6919 MISCELLANEOUS - R.H. 5009 5009 6224 5121 1103 747303 534260 213043 0 65976 416708 108882 157873 28400 19332 513002 435203 1665 12463 2859095 547230 1972818 2311865 1613381 1519430 4304124 4872874 171631 100932 4088 2802 2226843 3482768 460455 55057 3929 21283 2866946 3662842 X 887282 618373 419854 461617 130042 130042 1437178 1210032 4304124 4872874 -227146 X false true true X false X 312972 562466 242198 235996 117321 1470953 312972 562466 242198 235996 117321 1470953 20501 1450452 10677 32967 43644 1514597 2552923 0.95760 0.99280 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false false false false false false false false false false 328516 328516 2308239 514606 1793633 60496 32624 27872 161844 161844 2311865 CAPITAL LEASE RECEIVABLE 1499341 ACCRUED INTEREST RECEIVABLE 11397 EQUITY IN OTHER PROPERTIES 8692 1519430 SECURITY DEPOSITS PAYABLE 21283 21283 520157 747303 -227146 -227146 597015 76858 76858 520157 520157 824161 76858 76858 747303 747303 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 RANDOLPH HOUSE DEVELOPMENT 201 MAIN STREET RANDOLPH VT 05060 10000 IMPROVEMENTS ADDITIONAL INFORMATION FORM 990 THE 2009 PUBLIC SUPPORT PERCENTAGE ON SCHEDULE A, LINE 15, WAS REVISED DUE TO A CALCULATION ERROR ALL OTHER ACHIEVEMENTS 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. IN 2011 RACDC ACQUIRED THE RANDOLPH HOUSE THROUGH ITS WHOLLY OWNED SUBSIDIARY, RANDOLPH HOUSE HOLDINGS, INC. 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 PO BOX 409 RANDOLPH VT 05060 273846986 HOUSING VT 501 9 N/A false SALISBURY SQUARE RENTAL CORPORATION PO BOX 409 RANDOLPH VT 05060 273939825 HOUSING VT 501 9 N/A false SALISBURY SQUARE OWNER'S PO BOX 409 RANDOLPH VT 05060 273940098 HOUSING VT 501 9 N/A false SALISBURY SQUARE HOMEOWNER'S ASSOCI PO BOX 409 RANDOLPH VT 05060 273940697 HOUSING VT 501 9 N/A false SALISBURY SQUARE HOMEOWNER'S ASSOCI PO BOX 409 RANDOLPH VT 05060 273940568 HOUSING VT 501 9 N/A false HEDDING DRIVE LIMITED PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 030354590 HOUSING VT N/A RELATED false true BRANCHWOOD HOUSING LTD PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 200229635 HOUSING VT N/A RELATED false true SALISBURY SQUARE HLP 123 ST PAUL STREET BURLINGTON VT 05401 273939662 HOUSING VT N/A RELATED false true RANDOLPH HOUSING LIMITED PARTNERSHI 123 ST PAUL STREET BURLINGTON VT 05401 030334462 HOUSING VT N/A RELATED 290 845 false true SALISBURY SQUARE OWNERSHIP LLC 123 ST PAUL STREET BURLINGTON VT 05401 273940279 HOUSING VT N/A false true false false false false false false false false false false false false false false false false RANDOLPH HOUSE HOLDINGS INC B 10000