2019-03-08T15:14:48-06:00 2018-06-30 030280081 JMM & ASSOCIATES PC 336 WATER TOWER CIR STE 801 COLCHESTER VT 05446 990 2017-07-01 030337709 RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION RAND 8027284305 PO BOX 409 RANDOLPH VT 05060 JULIE IFFLAND EXECUTIVE DIRECTOR 8027284305 2019-01-15 true RANDALL L SARGENT CPA P00136499 8026555665 2019-01-17 64.88.174.3 2019-03-08 15:14:48 CS P B93AC70C31DAD525034B788864ABA0EAD35EC709 3C843C711911979BC97E0BC30D866DC2F19A8B5F 2017 2019-02-21 02:37:17Z JULIE IFFLAND PO BOX 409 RANDOLPH VT 05060 1495179 false X WWW.RACDC.COM X 1993 VT RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION 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. 11 11 20 95 0 550598 775904 578870 655425 0 71924 63850 1201392 1495179 0 0 286976 308022 0 0 377326 470786 664302 778808 537090 716371 3642192 4219058 1546368 1406863 2095824 2812195 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. true false 289655 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 25 PEOPLE IN FISCAL YEAR 2018. 51475 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 21 PEOPLE IN FISCAL YEAR 2018. 41194 ARMSTRONG MOBILE HOME PARK CONSISTS OF 16 MOBILE HOME LOTS AND A HOUSE THAT INCLUDES ONE 2-BEDROOM AND ONE 1-BEDROOM UNIT, FOR LEASE TO A MIX OF PRIMARILY LOW AND MODERATE INCOME FAMILIES, AND IS RESTRICTED TO SUCH USE BY AFFORDABILITY COVENANTS. ARMSTRONG MOBILE HOME PARK PROVIDED AFFORDABLE HOUSING FOR APPROXIMATELY 30 PEOPLE IN FISCAL YEAR 2018. 272928 RACDC ADMINISTERS SEVERAL ADDITIONAL PROGRAMS. THE REVOLVING LOAN FUND SERVED ROUGHLY 14 RESIDENTIAL AND BUSINESS CUSTOMERS IN THE AREA. THE SUPPORT AND SERVICES AT HOME (SASH) PROGRAM SERVED APPROXIMATELY 80 FULL PARTICIPANTS AND OVER 100 PARTICIPANTS OF ITS PUBLICLY AVAILABLE ACTIVITIES AND EVENTS IN FISCAL YEAR 2018. IN ADDITION, THE DOWNTOWN DESIGNATION SERVED THE ENTIRE REGION BY SUPPORTING BUSINESSES AS WELL AS SUPPORTING INFRASTRUCTURE IMPROVEMENTS FOR THE TOWN OF RANDOLPH, VERMONT. THE COMMERCIAL BUILDING AT 28 NORTH MAIN STREET IS A REDEVELOPMENT OF A FORMER SCHOOL SITE INTO A COMMERCIAL BUILDING TO MOVE A LARGE RANDOLPH EMPLOYER TO A DOWNTOWN LOCATION. 272928 655252 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 20 0 20 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 false true true true true true true false false X JULIE IFFLAND 8027284305 PO BOX 409 RANDOLPH VT 05060 LEE MOORE 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 TREASURER 2.00 X X 0 0 0 SARAH BAKER DIRECTOR 2.00 X 0 0 0 PATRICK FRENCH DIRECTOR 2.00 X 0 0 0 KEN STEVENS DIRECTOR 2.00 X 0 0 0 KEVIN MCCOLLISTER DIRECTOR 2.00 X 0 0 0 ROBERT SPARADEO DIRECTOR 2.00 X 0 0 0 PAM STAFFORD DIRECTOR 2.00 X 0 0 0 ROGER GLOVSKY DIRECTOR 2.00 X 0 0 0 JENNY DAVIS TERM ENDED DIRECTOR 2.00 X 0 0 0 SARAH ISHAM TERM ENDED DIRECTOR 2.00 X 0 0 0 JOHN WESTBROOK TERM ENDED DIRECTOR 2.00 X 0 0 0 JULIE IFFLAND EXECUTIVE DI 40.00 X 80566 0 0 80566 false false false 152062 623842 53688 775904 RENTAL INCOME 532000 308788 308788 SERVICES INCOME 721310 177505 177505 SASH CONTRACT FEES 621610 106800 106800 INTEREST INCOME 531110 53319 53319 LOAN FEES 531390 9089 9089 -76 -76 655425 MISCELLANEOUS INCOME 531390 32554 32554 DISTRIBUTION FROM RHH 531390 31296 31296 63850 1495179 719275 80566 68481 12085 190353 134705 55648 12347 11308 1039 24756 21525 3231 15089 15089 4477 3236 1241 26327 26327 44032 39303 4729 2896 1650 1246 9281 7257 2024 135541 131828 3713 1933 1933 6214 4214 2000 58696 58696 58307 56828 1479 16910 13051 3859 FOOD AND SUPPLIES 51123 48502 2621 MISCELLANEOUS 31460 29146 2314 BAD DEBT EXPENSE 8500 8500 778808 655252 123556 0 900 900 325724 660901 35779 19196 17655 1239914 1131039 -1105 2817892 701822 1804463 2116070 233856 233806 19244 22908 3642192 4219058 29438 36282 6432 10524 1510498 1360057 1546368 1406863 X 1572592 1896652 393190 785501 130042 130042 2095824 2812195 3642192 4219058 716371 X false true X true false X 75772 137981 239620 550598 775904 1779875 75772 137981 239620 550598 775904 1779875 211604 1568271 1779875 2949039 0.88110 0.95720 X false true X 335384 335384 1683906 654668 1029238 145998 47154 98844 652604 652604 2116070 EQUITY IN OTHER PROPERTIES 233806 C 233806 X 1506281 11102 11102 1495179 1495179 789910 11102 11102 778808 778808 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 VERMOD UNIT 1 50040 FMV X OTHER 1 3648 FMV false true 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 2 WE AQUIRED A MODEL VERMOD, WHICH IS BEING USED DURING ITS FIRST 18-24 MONTHS AS A TRAVELING MODEL. FORM 990, PAGE 2, PART III, LINE 4D RACDC ADMINISTERS SEVERAL ADDITIONAL PROGRAMS. THE REVOLVING LOAN FUND SERVED ROUGHLY 14 RESIDENTIAL AND BUSINESS CUSTOMERS IN THE AREA. THE SUPPORT AND SERVICES AT HOME (SASH) PROGRAM SERVED APPROXIMATELY 80 FULL PARTICIPANTS AND OVER 100 PARTICIPANTS OF ITS PUBLICLY AVAILABLE ACTIVITIES AND EVENTS IN FISCAL YEAR 2018. IN ADDITION, THE DOWNTOWN DESIGNATION SERVED THE ENTIRE REGION BY SUPPORTING BUSINESSES AS WELL AS SUPPORTING INFRASTRUCTURE IMPROVEMENTS FOR THE TOWN OF RANDOLPH, VERMONT. THE COMMERCIAL BUILDING AT 28 NORTH MAIN STREET IS A REDEVELOPMENT OF A FORMER SCHOOL SITE INTO A COMMERCIAL BUILDING TO MOVE A LARGE RANDOLPH EMPLOYER TO A DOWNTOWN LOCATION. 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 ANNUALLY, AT OUR ORGANIZATIONAL MEETING, THE BOARD IS GIVEN THE CONFLICT OF INTEREST POLICY AND DISCLOSURE FORM AND ARE ASKED TO FILL IT OUT AGAIN FOR THE CURRENT YEAR. THEY ARE THEN COLLECTED AND FILED. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD DETERMINES THE EXECUTIVE DIRECTOR'S SALARY. IT IS RESPONSIBLE FOR THE EXECUTIVE DIRECTOR'S EVALUATION, A PART OF WHICH IS A RECOMMENDATION OF SALARY, FURTHER APPROVED BY THE BOARD IN THE BUDGET VOTE. FORM 990, PAGE 6, PART VI, LINE 19 THE FILES ARE AVAILABLE IN THE OFFICE FOR REVIEW AT ANY TIME BY ANY MEMBER OF THE PUBLIC THAT ASKS. RED LION INC 9 PLEASANT STREET RANDOLPH VT 05060 030366322 HOUSING VT 501 10 N/A false RANDOLPH HOUSE HOLDINGS INC PO BOX 409 RANDOLPH VT 05060 273846986 HOUSING VT 501 10 N/A false HEDDING DRIVE LIMITED PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 030354590 HOUSING VT N/A RELATED -7 1549 false true 0.00030 BRANCHWOOD HOUSING LTD PARTNERSHIP 123 ST PAUL STREET BURLINGTON VT 05401 200229635 HOUSING VT N/A RELATED -34 -3139 false true 0.00050 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 229241 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 4028 FMV RANDOLPH HOUSE HOLDINGS INC S 31296 FMV RANDOLPH HOUSE HOLDINGS INC L 44308 FMV RED LION INC L 8500 FMV