FURP.ORG / PUBLIC DATA EXPLORER

RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION: Form 990, tax year 2016

View the entire original 990 at ProPublica ↗

Organization
RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION (EIN 03-0337709)
Tax period
2016-07-01 to 2017-06-30
Filed
2018-01-17
IRS object ID
201820179349300432
Schema version
2016v3.1
Source
Download XML · Original 990 at ProPublica

Every field in the e-filed return. Faint text is the IRS element name, for citing.

Return header ReturnHeader

FieldValueIRS element (for citing)
Return2018-01-17T14:52:49-05:00ReturnTs
Tax Period End2017-06-30TaxPeriodEndDt

Preparer Firm PreparerFirmGrp

FieldValueIRS element (for citing)
Preparer Firm EIN030280081PreparerFirmEIN

Preparer Firm Name PreparerFirmName

FieldValueIRS element (for citing)
Business Name Line1JMM & ASSOCIATES PCBusinessNameLine1Txt

Preparer US Address PreparerUSAddress

FieldValueIRS element (for citing)
Address Line1336 WATER TOWER CIR STE 801AddressLine1Txt
CityCOLCHESTERCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05446ZIPCd
FieldValueIRS element (for citing)
Return Type990ReturnTypeCd
Tax Period Begin2016-07-01TaxPeriodBeginDt

Filer Filer

FieldValueIRS element (for citing)
EIN030337709EIN

Business Name BusinessName

FieldValueIRS element (for citing)
Business Name Line1RANDOLPH AREA COMMUNITY DEVELOPMENTBusinessNameLine1Txt
Business Name Line2CORPORATIONBusinessNameLine2Txt
FieldValueIRS element (for citing)
Business Name ControlRANDBusinessNameControlTxt
Phone8027284305PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 409AddressLine1Txt
CityRANDOLPHCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05060ZIPCd

Business Officer BusinessOfficerGrp

FieldValueIRS element (for citing)
PersonJULIE IFFLANDPersonNm
Person TitleEXECUTIVE DIRECTORPersonTitleTxt
Phone8027284305PhoneNum
Signature2018-01-17SignatureDt
Discuss With Paid PreparerYes (true)DiscussWithPaidPreparerInd

Preparer Person PreparerPersonGrp

FieldValueIRS element (for citing)
Preparer PersonRANDALL L SARGENT CPAPreparerPersonNm
PTINP00136499PTIN
Phone8026555665PhoneNum
Preparation2018-01-17PreparationDt

Filing Security Information FilingSecurityInformation

FieldValueIRS element (for citing)
At Submission Creation Device IdB7EDB12B6B8D1A92AFC28057B8D0AB8EAB25E41AAtSubmissionCreationDeviceId
At Submission Filing Device IdB7EDB12B6B8D1A92AFC28057B8D0AB8EAB25E41AAtSubmissionFilingDeviceId
FieldValueIRS element (for citing)
Tax2016TaxYr
Build TS2021-01-29 14:40:06ZBuildTS

Form 990 IRS990

FieldValueIRS element (for citing)
Principal OfficerJULIE IFFLANDPrincipalOfficerNm

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 409AddressLine1Txt
CityRANDOLPHCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05060ZIPCd
FieldValueIRS element (for citing)
Gross Receipts$1,201,392GrossReceiptsAmt
Group Return For AffiliatesfalseGroupReturnForAffiliatesInd
Organization501c3Yes (X)Organization501c3Ind
Website AddressWWW.RACDC.COMWebsiteAddressTxt
Type Of Organization CorpYes (X)TypeOfOrganizationCorpInd
Formation1993FormationYr
Legal Domicile StateVTLegalDomicileStateCd
Activity Or MissionRANDOLPH 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.ActivityOrMissionDesc
Voting Members Governing Body11VotingMembersGoverningBodyCnt
Voting Members Independent11VotingMembersIndependentCnt
Total Employee22TotalEmployeeCnt
Total Volunteers130TotalVolunteersCnt
Total Gross UBI$0TotalGrossUBIAmt
PY Contributions Grants$239,620PYContributionsGrantsAmt
CY Contributions Grants$550,598CYContributionsGrantsAmt
PY Program Service Revenue$446,242PYProgramServiceRevenueAmt
CY Program Service Revenue$578,870CYProgramServiceRevenueAmt
CY Investment Income$0CYInvestmentIncomeAmt
PY Other Revenue$148,580PYOtherRevenueAmt
CY Other Revenue$71,924CYOtherRevenueAmt
PY Total Revenue$834,442PYTotalRevenueAmt
CY Total Revenue$1,201,392CYTotalRevenueAmt
CY Grants And Similar Paid$0CYGrantsAndSimilarPaidAmt
CY Benefits Paid To Members$0CYBenefitsPaidToMembersAmt
PY Salaries Comp Emp Bnft Paid$327,566PYSalariesCompEmpBnftPaidAmt
CY Salaries Comp Emp Bnft Paid$286,976CYSalariesCompEmpBnftPaidAmt
CY Total Prof Fndrsng Expns$0CYTotalProfFndrsngExpnsAmt
CY Total Fundraising Expense$0CYTotalFundraisingExpenseAmt
PY Other Expenses$343,031PYOtherExpensesAmt
CY Other Expenses$377,326CYOtherExpensesAmt
PY Total Expenses$670,597PYTotalExpensesAmt
CY Total Expenses$664,302CYTotalExpensesAmt
PY Revenues Less Expenses$163,845PYRevenuesLessExpensesAmt
CY Revenues Less Expenses$537,090CYRevenuesLessExpensesAmt
Total Assets BOY$3,237,170TotalAssetsBOYAmt
Total Assets EOY$3,642,192TotalAssetsEOYAmt
Total Liabilities BOY$1,678,436TotalLiabilitiesBOYAmt
Total Liabilities EOY$1,546,368TotalLiabilitiesEOYAmt
Net Assets Or Fund Balances BOY$1,558,734NetAssetsOrFundBalancesBOYAmt
Net Assets Or Fund Balances EOY$2,095,824NetAssetsOrFundBalancesEOYAmt
Info In Schedule O Part IIIYes (X)InfoInScheduleOPartIIIInd
MissionRANDOLPH 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.MissionDesc
Significant New Program SrvcYes (true)SignificantNewProgramSrvcInd
Significant ChangefalseSignificantChangeInd
Expense$245,460ExpenseAmt
DescJOSLYN 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 21 PEOPLE IN FISCAL YEAR 2017.Desc

Prog Srvc Accom Acty2 ProgSrvcAccomActy2Grp

FieldValueIRS element (for citing)
Expense$44,558ExpenseAmt
DescJACOBS 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 2017.Desc

Prog Srvc Accom Acty3 ProgSrvcAccomActy3Grp

FieldValueIRS element (for citing)
Expense$35,288ExpenseAmt
Desc28 NORTH MAIN IS A REDEVELOPMENT OF A FORMER SCHOOL SITE INTO A COMMERCIAL BUILDING TO MOVE A LARGE RANDOLPH EMPLOYER TO A DOWNTOWN LOCATION.Desc

Prog Srvc Accom Acty Other ProgSrvcAccomActyOtherGrp

FieldValueIRS element (for citing)
Expense$224,272ExpenseAmt
DescRACDC 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 2017. IN ADDITION, THE DOWNTOWN DESIGNATION SERVED THE ENTIRE REGION BY SUPPORTING BUSINESSES AS WELL AS SUPPORTING INFRASTRUCTURE IMPROVEMENTS FOR THE TOWN OF RANDOLPH, VERMONT. ARMSTRONG MOBILE HOME PARK CONSISTS OF 16 MOBILE HOME LOTS AND A HOUSE WHICH IS BEING REHABBED TO INCLUDE 2 UNITS OF HOUSING, 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 2017.Desc
FieldValueIRS element (for citing)
Total Other Prog Srvc Expense$224,272TotalOtherProgSrvcExpenseAmt
Total Program Service Expenses$549,578TotalProgramServiceExpensesAmt
Described In Section501c3Yes (true)DescribedInSection501c3Ind
Schedule B RequiredYes (true)ScheduleBRequiredInd
Political Campaign ActyfalsePoliticalCampaignActyInd
Lobbying ActivitiesfalseLobbyingActivitiesInd
Subject To Proxy TaxfalseSubjectToProxyTaxInd
Donor Advised FundfalseDonorAdvisedFundInd
Conservation EasementsfalseConservationEasementsInd
Collections Of ArtfalseCollectionsOfArtInd
Credit CounselingYes (true)CreditCounselingInd
Temp Or Permanent EndowmentsfalseTempOrPermanentEndowmentsInd
Report Land Building EquipmentYes (true)ReportLandBuildingEquipmentInd
Report Investments Other SecfalseReportInvestmentsOtherSecInd
Report Program Related InvstYes (true)ReportProgramRelatedInvstInd
Report Other AssetsfalseReportOtherAssetsInd
Report Other LiabilitiesfalseReportOtherLiabilitiesInd
Include FIN48 FootnoteYes (true)IncludeFIN48FootnoteInd
Independent Audit Fincl StmtfalseIndependentAuditFinclStmtInd
Consolidated Audit Fincl StmtYes (true)ConsolidatedAuditFinclStmtInd
School OperatingfalseSchoolOperatingInd
Foreign OfficefalseForeignOfficeInd
Foreign ActivitiesfalseForeignActivitiesInd
More Than5000 K To OrgfalseMoreThan5000KToOrgInd
More Than5000 K To IndividualsfalseMoreThan5000KToIndividualsInd
Professional FundraisingfalseProfessionalFundraisingInd
Fundraising ActivitiesfalseFundraisingActivitiesInd
Gaming ActivitiesfalseGamingActivitiesInd
Operate HospitalfalseOperateHospitalInd
Grants To OrganizationsfalseGrantsToOrganizationsInd
Grants To IndividualsfalseGrantsToIndividualsInd
Schedule J RequiredfalseScheduleJRequiredInd
Tax Exempt BondsfalseTaxExemptBondsInd
Engaged In Excess Benefit TransfalseEngagedInExcessBenefitTransInd
PY Excess Benefit TransfalsePYExcessBenefitTransInd
Loan OutstandingfalseLoanOutstandingInd
Grant To Related PersonfalseGrantToRelatedPersonInd
Business Rln With Org MemfalseBusinessRlnWithOrgMemInd
Business Rln With Fam MemfalseBusinessRlnWithFamMemInd
Business Rln With Officer EntfalseBusinessRlnWithOfficerEntInd
Deductible Non Cash ContrifalseDeductibleNonCashContriInd
Deductible Art ContributionfalseDeductibleArtContributionInd
Terminate OperationsfalseTerminateOperationsInd
Partial LiquidationfalsePartialLiquidationInd
Disregarded EntityfalseDisregardedEntityInd
Related EntityYes (true)RelatedEntityInd
Related Organization Ctrl EntfalseRelatedOrganizationCtrlEntInd
Trnsfr Exmpt Non Chrtbl Rltd OrgfalseTrnsfrExmptNonChrtblRltdOrgInd
Activities Conducted PrtshpfalseActivitiesConductedPrtshpInd
Schedule O RequiredYes (true)ScheduleORequiredInd
IRP Document13IRPDocumentCnt
IRP Document W2 G0IRPDocumentW2GCnt
Employee22EmployeeCnt
Employment Tax Returns FiledYes (true)EmploymentTaxReturnsFiledInd
Unrelated Bus Incm Over LimitfalseUnrelatedBusIncmOverLimitInd
Foreign Financial AccountfalseForeignFinancialAccountInd
Prohibited Tax Shelter TransfalseProhibitedTaxShelterTransInd
Taxable Party NotificationfalseTaxablePartyNotificationInd
Nondeductible ContributionsfalseNondeductibleContributionsInd
Quid Pro Quo ContributionsfalseQuidProQuoContributionsInd
Form8282 Property Disposed OffalseForm8282PropertyDisposedOfInd
Rcv Fnds To Pay Prsnl Bnft CntrctfalseRcvFndsToPayPrsnlBnftCntrctInd
Pay Premiums Prsnl Bnft CntrctfalsePayPremiumsPrsnlBnftCntrctInd
Indoor Tanning ServicesfalseIndoorTanningServicesInd
Info In Schedule O Part VIYes (X)InfoInScheduleOPartVIInd
Governing Body Voting Members11GoverningBodyVotingMembersCnt
Independent Voting Member11IndependentVotingMemberCnt
Family Or Business RlnfalseFamilyOrBusinessRlnInd
Delegation Of Mgmt DutiesfalseDelegationOfMgmtDutiesInd
Change To Org DocumentsfalseChangeToOrgDocumentsInd
Material Diversion Or MisusefalseMaterialDiversionOrMisuseInd
Members Or StockholdersYes (true)MembersOrStockholdersInd
Election Of Board MembersYes (true)ElectionOfBoardMembersInd
Decisions Subject To ApprovaYes (true)DecisionsSubjectToApprovaInd
Minutes Of Governing BodyYes (true)MinutesOfGoverningBodyInd
Minutes Of CommitteesYes (true)MinutesOfCommitteesInd
Officer Mailing AddressfalseOfficerMailingAddressInd
Local ChaptersfalseLocalChaptersInd
Form990 Provided To Gvrn BodyfalseForm990ProvidedToGvrnBodyInd
Conflict Of Interest PolicyYes (true)ConflictOfInterestPolicyInd
Annual Disclosure Covered PrsnYes (true)AnnualDisclosureCoveredPrsnInd
Regular Monitoring EnfrcYes (true)RegularMonitoringEnfrcInd
Whistleblower PolicyYes (true)WhistleblowerPolicyInd
Document Retention PolicyYes (true)DocumentRetentionPolicyInd
Compensation Process CEOYes (true)CompensationProcessCEOInd
Compensation Process OtherfalseCompensationProcessOtherInd
Investment In Joint VenturefalseInvestmentInJointVentureInd
Upon RequestYes (X)UponRequestInd

Books In Care Of Detail BooksInCareOfDetail

FieldValueIRS element (for citing)
PersonJULIE IFFLANDPersonNm
Phone8027284305PhoneNum

US Address USAddress

FieldValueIRS element (for citing)
Address Line1PO BOX 409AddressLine1Txt
CityRANDOLPHCityNm
State AbbreviationVTStateAbbreviationCd
ZIP05060ZIPCd

Form990 Part VII Section A Form990PartVIISectionAGrp (14 entries)

TitleTitleTxtAverage Hours Per WeekAverageHoursPerWeekRtIndividual Trustee Or DirectorIndividualTrusteeOrDirectorIndOfficerOfficerIndReportable Comp From OrgReportableCompFromOrgAmtReportable Comp From Rltd OrgReportableCompFromRltdOrgAmtOther CompensationOtherCompensationAmt
LEE MOORE
PRESIDENT2.00Yes (X)Yes (X)$0$0$0
ROBERT MOYER
VICE PRESIDE2.00Yes (X)Yes (X)$0$0$0
BOB WRIGHT
SECRETARY2.00Yes (X)Yes (X)$0$0$0
PETER REED
TRESURER2.00Yes (X)Yes (X)$0$0$0
SARAH BAKER
DIRECTOR2.00Yes (X)$0$0$0
PATRICK FRENCH
DIRECTOR2.00Yes (X)$0$0$0
SARAH ISHAM
DIRECTOR2.00Yes (X)$0$0$0
KEVIN MCCOLLISTER
DIRECTOR2.00Yes (X)$0$0$0
ROBERT SPARADEO
DIRECTOR2.00Yes (X)$0$0$0
PAM STAFFORD
DIRECTOR2.00Yes (X)$0$0$0
JOHN WESTBROOK
DIRECTOR2.00Yes (X)$0$0$0
TED ELZEY TERM ENDED
DIRECTOR2.00Yes (X)$0$0$0
CAROL BUSHEY TERM ENDED
DIRECTOR2.00Yes (X)$0$0$0
JULIE IFFLAND
EXECUTIVE DI40.00Yes (X)$80,566$0$0
FieldValueIRS element (for citing)
Total Reportable Comp From Org$80,566TotalReportableCompFromOrgAmt
Former Ofcr Employees ListedfalseFormerOfcrEmployeesListedInd
Total Comp Greater Than150 KfalseTotalCompGreaterThan150KInd
Compensation From Other SrcsfalseCompensationFromOtherSrcsInd
Government Grants$494,957GovernmentGrantsAmt
All Other Contributions$55,641AllOtherContributionsAmt
Total Contributions$550,598TotalContributionsAmt

Program Service Revenue ProgramServiceRevenueGrp (5 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
RENTAL INCOME532000$258,660$258,660
SERVICES INCOME721310$158,576$158,576
SASH CONTRACT FEES621610$107,143$107,143
INTEREST INCOME531110$47,438$47,438
LOAN FEES531390$7,117$7,117

Total Oth Program Service Rev TotalOthProgramServiceRevGrp

FieldValueIRS element (for citing)
Total Revenue Column-$64TotalRevenueColumnAmt
Related Or Exempt Func Income-$64RelatedOrExemptFuncIncomeAmt
FieldValueIRS element (for citing)
Total Program Service Revenue$578,870TotalProgramServiceRevenueAmt

Other Revenue Misc OtherRevenueMiscGrp (2 entries)

DescDescBusinessBusinessCdTotal Revenue ColumnTotalRevenueColumnAmtRelated Or Exempt Func IncomeRelatedOrExemptFuncIncomeAmt
DISTRIBUTION FROM RHH531390$63,362$63,362
MISCELLANEOUS INCOME531390$8,562$8,562
FieldValueIRS element (for citing)
Other Revenue Total$71,924OtherRevenueTotalAmt

Total Revenue TotalRevenueGrp

FieldValueIRS element (for citing)
Total Revenue Column$1,201,392TotalRevenueColumnAmt
Related Or Exempt Func Income$650,794RelatedOrExemptFuncIncomeAmt

Comp Current Ofcr Directors CompCurrentOfcrDirectorsGrp

FieldValueIRS element (for citing)
Total$83,665TotalAmt
Program Services$71,115ProgramServicesAmt
Management And General$12,550ManagementAndGeneralAmt

Other Salaries And Wages OtherSalariesAndWagesGrp

FieldValueIRS element (for citing)
Total$166,449TotalAmt
Program Services$136,999ProgramServicesAmt
Management And General$29,450ManagementAndGeneralAmt

Other Employee Benefits OtherEmployeeBenefitsGrp

FieldValueIRS element (for citing)
Total$13,684TotalAmt
Program Services$11,590ProgramServicesAmt
Management And General$2,094ManagementAndGeneralAmt

Payroll Taxes PayrollTaxesGrp

FieldValueIRS element (for citing)
Total$23,178TotalAmt
Program Services$19,647ProgramServicesAmt
Management And General$3,531ManagementAndGeneralAmt

Fees For Services Management FeesForServicesManagementGrp

FieldValueIRS element (for citing)
Total$10,117TotalAmt
Program Services$10,117ProgramServicesAmt

Fees For Services Legal FeesForServicesLegalGrp

FieldValueIRS element (for citing)
Total$875TotalAmt
Program Services$843ProgramServicesAmt
Management And General$32ManagementAndGeneralAmt

Fees For Services Accounting FeesForServicesAccountingGrp

FieldValueIRS element (for citing)
Total$42,337TotalAmt
Management And General$42,337ManagementAndGeneralAmt

Fees For Services Other FeesForServicesOtherGrp

FieldValueIRS element (for citing)
Total$44,817TotalAmt
Program Services$43,204ProgramServicesAmt
Management And General$1,613ManagementAndGeneralAmt

Advertising AdvertisingGrp

FieldValueIRS element (for citing)
Total$3,324TotalAmt
Program Services$2,659ProgramServicesAmt
Management And General$665ManagementAndGeneralAmt

Office Expenses OfficeExpensesGrp

FieldValueIRS element (for citing)
Total$8,384TotalAmt
Program Services$6,770ProgramServicesAmt
Management And General$1,614ManagementAndGeneralAmt

Occupancy OccupancyGrp

FieldValueIRS element (for citing)
Total$90,059TotalAmt
Program Services$87,260ProgramServicesAmt
Management And General$2,799ManagementAndGeneralAmt

Travel TravelGrp

FieldValueIRS element (for citing)
Total$2,119TotalAmt
Program Services$1,929ProgramServicesAmt
Management And General$190ManagementAndGeneralAmt

Conferences Meetings ConferencesMeetingsGrp

FieldValueIRS element (for citing)
Total$5,057TotalAmt
Program Services$2,883ProgramServicesAmt
Management And General$2,174ManagementAndGeneralAmt

Interest InterestGrp

FieldValueIRS element (for citing)
Total$54,249TotalAmt
Program Services$49,451ProgramServicesAmt
Management And General$4,798ManagementAndGeneralAmt

Depreciation Depletion DepreciationDepletionGrp

FieldValueIRS element (for citing)
Total$50,121TotalAmt
Program Services$48,642ProgramServicesAmt
Management And General$1,479ManagementAndGeneralAmt

Insurance InsuranceGrp

FieldValueIRS element (for citing)
Total$13,707TotalAmt
Program Services$8,021ProgramServicesAmt
Management And General$5,686ManagementAndGeneralAmt

Other Expenses OtherExpensesGrp (2 entries)

DescDescTotalTotalAmtProgram ServicesProgramServicesAmtManagement And GeneralManagementAndGeneralAmt
FOOD AND SUPPLIES$44,738$43,279$1,459
MISCELLANEOUS$7,422$5,169$2,253

Total Functional Expenses TotalFunctionalExpensesGrp

FieldValueIRS element (for citing)
Total$664,302TotalAmt
Program Services$549,578ProgramServicesAmt
Management And General$114,724ManagementAndGeneralAmt
Fundraising$0FundraisingAmt

Cash Non Interest Bearing CashNonInterestBearingGrp

FieldValueIRS element (for citing)
BOY$973BOYAmt
EOY$900EOYAmt

Savings And Temp Cash Invst SavingsAndTempCashInvstGrp

FieldValueIRS element (for citing)
BOY$301,213BOYAmt
EOY$325,724EOYAmt

Accounts Receivable AccountsReceivableGrp

FieldValueIRS element (for citing)
BOY-$699BOYAmt
EOY$19,196EOYAmt

Oth Notes Loans Receivable Net OthNotesLoansReceivableNetGrp

FieldValueIRS element (for citing)
BOY$1,368,737BOYAmt
EOY$1,239,914EOYAmt

Prepaid Expenses Defrd Charges PrepaidExpensesDefrdChargesGrp

FieldValueIRS element (for citing)
BOY$1,718BOYAmt
EOY-$1,105EOYAmt
FieldValueIRS element (for citing)
Land Bldg Equip Cost Or Other Bss$2,447,979LandBldgEquipCostOrOtherBssAmt
Land Bldg Equip Accum Deprec$643,516LandBldgEquipAccumDeprecAmt

Land Bldg Equip Basis Net LandBldgEquipBasisNetGrp

FieldValueIRS element (for citing)
BOY$1,316,247BOYAmt
EOY$1,804,463EOYAmt

Investments Program Related InvestmentsProgramRelatedGrp

FieldValueIRS element (for citing)
BOY$233,903BOYAmt
EOY$233,856EOYAmt

Other Assets Total OtherAssetsTotalGrp

FieldValueIRS element (for citing)
BOY$15,078BOYAmt
EOY$19,244EOYAmt

Total Assets TotalAssetsGrp

FieldValueIRS element (for citing)
BOY$3,237,170BOYAmt
EOY$3,642,192EOYAmt

Accounts Payable Accr Expnss AccountsPayableAccrExpnssGrp

FieldValueIRS element (for citing)
BOY$34,970BOYAmt
EOY$29,438EOYAmt

Escrow Account Liability EscrowAccountLiabilityGrp

FieldValueIRS element (for citing)
BOY$3,010BOYAmt
EOY$6,432EOYAmt

Mortg Notes Pybl Scrd Invst Prop MortgNotesPyblScrdInvstPropGrp

FieldValueIRS element (for citing)
BOY$1,640,456BOYAmt
EOY$1,510,498EOYAmt

Total Liabilities TotalLiabilitiesGrp

FieldValueIRS element (for citing)
BOY$1,678,436BOYAmt
EOY$1,546,368EOYAmt
FieldValueIRS element (for citing)
Organization Follows SFAS117Yes (X)OrganizationFollowsSFAS117Ind

Unrestricted Net Assets UnrestrictedNetAssetsGrp

FieldValueIRS element (for citing)
BOY$1,033,500BOYAmt
EOY$1,572,592EOYAmt

Temporarily Rstr Net Assets TemporarilyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$395,192BOYAmt
EOY$393,190EOYAmt

Permanently Rstr Net Assets PermanentlyRstrNetAssetsGrp

FieldValueIRS element (for citing)
BOY$130,042BOYAmt
EOY$130,042EOYAmt

Total Net Assets Fund Balance TotalNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$1,558,734BOYAmt
EOY$2,095,824EOYAmt

Tot Liab Net Assets Fund Balance TotLiabNetAssetsFundBalanceGrp

FieldValueIRS element (for citing)
BOY$3,237,170BOYAmt
EOY$3,642,192EOYAmt
FieldValueIRS element (for citing)
Reconcilation Revenue Expnss$537,090ReconcilationRevenueExpnssAmt
Method Of Accounting AccrualYes (X)MethodOfAccountingAccrualInd
Accountant Compile Or ReviewfalseAccountantCompileOrReviewInd
FS AuditedYes (true)FSAuditedInd

FS Audited Basis FSAuditedBasisGrp

FieldValueIRS element (for citing)
Consolidated Basis Fincl StmtYes (X)ConsolidatedBasisFinclStmtInd
FieldValueIRS element (for citing)
Audit CommitteeYes (true)AuditCommitteeInd
Federal Grant Audit RequiredfalseFederalGrantAuditRequiredInd

Schedule A IRS990ScheduleA

FieldValueIRS element (for citing)
Public Organization170Yes (X)PublicOrganization170Ind

Gifts Grants Contri Rcvd170 GiftsGrantsContriRcvd170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$47,810CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$75,772CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$137,981CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$239,620CurrentTaxYearMinus1YearAmt
Current Tax Year$550,598CurrentTaxYearAmt
Total$1,051,781TotalAmt

Total Calendar Year170 TotalCalendarYear170Grp

FieldValueIRS element (for citing)
Current Tax Year Minus4 Years$47,810CurrentTaxYearMinus4YearsAmt
Current Tax Year Minus3 Years$75,772CurrentTaxYearMinus3YearsAmt
Current Tax Year Minus2 Years$137,981CurrentTaxYearMinus2YearsAmt
Current Tax Year Minus1 Year$239,620CurrentTaxYearMinus1YearAmt
Current Tax Year$550,598CurrentTaxYearAmt
Total$1,051,781TotalAmt
FieldValueIRS element (for citing)
Substantial Contributors Tot$45,059SubstantialContributorsTotAmt
Public Support Total170$1,006,722PublicSupportTotal170Amt
Total Support$1,051,781TotalSupportAmt
Gross Receipts Rltd Activities$2,825,923GrossReceiptsRltdActivitiesAmt
Public Support CY1700.95720PublicSupportCY170Pct
Public Support PY1700.91050PublicSupportPY170Pct
Thirty Thr Pct Suprt Tests CY170Yes (X)ThirtyThrPctSuprtTestsCY170Ind

Schedule B IRS990ScheduleB

Contributor Information ContributorInformationGrp

FieldValueIRS element (for citing)
ContributorRESTRICTEDContributorNum

Contributor Business Name ContributorBusinessName

FieldValueIRS element (for citing)
Business Name Line1RESTRICTEDBusinessNameLine1

Contributor US Address ContributorUSAddress

FieldValueIRS element (for citing)
Address Line1RESTRICTEDAddressLine1
Address Line2RESTRICTEDAddressLine2
CityRESTRICTEDCity
StateRESTRICTEDState
ZIP CodeRESTRICTEDZIPCode
FieldValueIRS element (for citing)
Total ContributionsRESTRICTEDTotalContributionsAmt

Schedule D IRS990ScheduleD

FieldValueIRS element (for citing)
Agent Trustee EtcfalseAgentTrusteeEtcInd
Incl Escrow Custodial Acct LiabYes (true)InclEscrowCustodialAcctLiabInd
Explanation ProvidedYes (X)ExplanationProvidedInd

Land LandGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$335,384OtherCostOrOtherBasisAmt
Book Value$335,384BookValueAmt

Buildings BuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$1,523,702OtherCostOrOtherBasisAmt
Depreciation$605,176DepreciationAmt
Book Value$918,526BookValueAmt

Equipment EquipmentGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$120,913OtherCostOrOtherBasisAmt
Depreciation$38,340DepreciationAmt
Book Value$82,573BookValueAmt

Other Land Buildings OtherLandBuildingsGrp

FieldValueIRS element (for citing)
Other Cost Or Other Basis$467,980OtherCostOrOtherBasisAmt
Book Value$467,980BookValueAmt
FieldValueIRS element (for citing)
Total Book Value Land Buildings$1,804,463TotalBookValueLandBuildingsAmt

Invst Program Related Org InvstProgramRelatedOrgGrp (2 entries)

DescDescBook ValueBookValueAmtMethod ValuationMethodValuationCd
INVESTMENT IN SSRC$229,250C
INVESTMENT IN OTHER PROPERTIES$4,606C
FieldValueIRS element (for citing)
Total Book Value Program Rltd$233,856TotalBookValueProgramRltdAmt
Footnote TextYes (X)FootnoteTextInd
Total Rev Etc Audited Fincl Stmt$1,211,392TotalRevEtcAuditedFinclStmtAmt
Donated Services And Use Fclts$10,000DonatedServicesAndUseFcltsAmt
Revenue Not Reported$10,000RevenueNotReportedAmt
Revenue Subtotal$1,201,392RevenueSubtotalAmt
Total Revenue Per Form990$1,201,392TotalRevenuePerForm990Amt
Tot Expns Etc Audited Fincl Stmt$674,302TotExpnsEtcAuditedFinclStmtAmt
Donated Services Use Fclts$10,000DonatedServicesUseFcltsAmt
Expenses Not Reported$10,000ExpensesNotReportedAmt
Expenses Subtotal$664,302ExpensesSubtotalAmt
Total Expenses Per Form990$664,302TotalExpensesPerForm990Amt

Supplemental Information Detail SupplementalInformationDetail (2 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
SCHEDULE D, PAGE 2, PART IV, LINE 2BRACDC RENTAL PROPERTIES REQUIRE TENANT SECURITY DEPOSITS. THESE AMOUNTS ARE CONSIDERED CUSTODIAL LIABILITIES.
SCHEDULE D, PAGE 3, PART XTHE 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.

Schedule O IRS990ScheduleO

Supplemental Information Detail SupplementalInformationDetail (10 entries)

Form And Line ReferenceFormAndLineReferenceDescExplanationExplanationTxt
FORM 990 - ORGANIZATION'S MISSIONRANDOLPH 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 2RACDC ACQUIRED ARMSTRONG MOBILE HOME PARK ON 11/30/16 AND IS NOW IN THE PROCESS OF OPERATIONS AND A SIGNIFICANT INFRASTRUCTURE UPGRADE AND HOUSE REHAB, INCLUDING THE ADDITION OF A NEW UNIT. AS PART OF THE DOWNTOWN PROGRAM, WE ARE WORKING ON A PUBLIC-BUILD POCKET PARK ON DONATED LAND, INCLUDING DESIGN AND COORDINATION.
FORM 990, PAGE 2, PART III, LINE 4DRACDC 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 2017. IN ADDITION, THE DOWNTOWN DESIGNATION SERVED THE ENTIRE REGION BY SUPPORTING BUSINESSES AS WELL AS SUPPORTING INFRASTRUCTURE IMPROVEMENTS FOR THE TOWN OF RANDOLPH, VERMONT. ARMSTRONG MOBILE HOME PARK CONSISTS OF 16 MOBILE HOME LOTS AND A HOUSE WHICH IS BEING REHABBED TO INCLUDE 2 UNITS OF HOUSING, 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 2017.
FORM 990, PAGE 6, PART VI, LINE 6MEMBERSHIP 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 7AMEMBERS OF RACDC ELECT THE BOARD OF DIRECTORS.
FORM 990, PAGE 6, PART VI, LINE 7BMEMBERS OF RACDC APPROVE CHANGES TO THE GOVERNING DOCUMENTS.
FORM 990, PAGE 6, PART VI, LINE 11BFORM 990 IS PROVIDED TO ALL MEMBERS OF THE BOARD'S FINANCE, AUDIT & BUDGET COMMITTEE FOR REVIEW.
FORM 990, PAGE 6, PART VI, LINE 12CANNUALLY, AT OUR ORGANIZATIONAL MEETING, THE BOARD IS GIVEN THE CONFLICT OF INTEREST (COI) POLICY AND DISCLOSURE FORM AND ASKED TO FILL IT OUT AGAIN FOR THE CURRENT YEAR. THEY ARE COLLECTED AND FILED.
FORM 990, PAGE 6, PART VI, LINE 15ATHE BOARD DETERMINES THE SALARY OF THE EXECUTIVE DIRECTOR (E.D.). IT IS RESPONSIBLE FOR THE E.D.'S EVALUATION, A PART OF WHICH IS A RECOMMENDATION ON SALARY, FURTHER APPROVED BY THE BOARD IN THE BUDGET VOTE.
FORM 990, PAGE 6, PART VI, LINE 19GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST.

Schedule R IRS990ScheduleR

Id Related Tax Exempt Org IdRelatedTaxExemptOrgGrp (2 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdExempt Code SectionExemptCodeSectionTxtPublic Charity StatusPublicCharityStatusTxtDirect Controlling NADirectControllingNACdControlled OrganizationControlledOrganizationInd
RED LION INC
9 PLEASANT STREETRANDOLPHVT05060030366322HOUSINGVT50110N/Afalse
RANDOLPH HOUSE HOLDINGS INC
PO BOX 409RANDOLPHVT05060273846986HOUSINGVT50110N/Afalse

Id Related Org Txbl Partnership IdRelatedOrgTxblPartnershipGrp (3 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdPredominant Income TypePredominantIncomeTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtDisproportionate AllocationsDisproportionateAllocationsIndGeneral Or Managing PartnerGeneralOrManagingPartnerIndOwnershipOwnershipPct
HEDDING DRIVE LIMITED PARTNERSHIP
123 ST PAUL STREETBURLINGTONVT05401030354590HOUSINGVTN/ARELATED-$5$1,556falseYes (true)0.00030
BRANCHWOOD HOUSING LTD PARTNERSHIP
123 ST PAUL STREETBURLINGTONVT05401200229635HOUSINGVTN/ARELATED-$33-$3,105falseYes (true)0.00050
SALISBURY SQUARE HLP
123 ST PAUL STREETBURLINGTONVT05401273939662HOUSINGVTN/ARELATEDfalseYes (true)0.00010

Id Related Org Txbl Corp Tr IdRelatedOrgTxblCorpTrGrp (4 entries)

Address Line1USAddress/AddressLine1TxtCityUSAddress/CityNmState AbbreviationUSAddress/StateAbbreviationCdZIPUSAddress/ZIPCdEINEINPrimary ActivitiesPrimaryActivitiesTxtLegal Domicile StateLegalDomicileStateCdDirect Controlling NADirectControllingNACdEntity TypeEntityTypeTxtShare Of Total IncomeShareOfTotalIncomeAmtShare Of EOY AssetsShareOfEOYAssetsAmtOwnershipOwnershipPctControlled OrganizationControlledOrganizationInd
SALISBURY SQUARE RENTAL CORPORATION
PO BOX 409RANDOLPHVT05060273939825HOUSINGVTN/AC CORP-$9$229,2501.00000false
SALISBURY SQUARE PLANNED COMMUNITY
PO BOX 409RANDOLPHVT05060273940098HOUSINGVTN/AC CORPfalse
SALISBURY SQUARE HOMEOWNER'S ASSOCI
PO BOX 409RANDOLPHVT05060273940697HOUSINGVTN/AC CORPfalse
SALISBURY SQUARE HOMEOWNER'S ASSOCI
PO BOX 409RANDOLPHVT05060273940568HOUSINGVTN/AC CORPfalse
FieldValueIRS element (for citing)
Receipt Of Int Annts Rnts RyltsfalseReceiptOfIntAnntsRntsRyltsInd
Gift Grnt Or Cap Contri To Oth OrgfalseGiftGrntOrCapContriToOthOrgInd
Gift Grnt Cap Contri From Oth OrgfalseGiftGrntCapContriFromOthOrgInd
Loans Or Guarantees To Other OrgfalseLoansOrGuaranteesToOtherOrgInd
Loans Or Guarantees From Oth OrgfalseLoansOrGuaranteesFromOthOrgInd
Div Related OrganizationfalseDivRelatedOrganizationInd
Asset Sale To Other OrgfalseAssetSaleToOtherOrgInd
Asset Purchase From Other OrgfalseAssetPurchaseFromOtherOrgInd
Asset ExchangefalseAssetExchangeInd
Rental Of Facilities To Oth OrgfalseRentalOfFacilitiesToOthOrgInd
Rental Of Fclts From Oth OrgfalseRentalOfFcltsFromOthOrgInd
Perform Of Services For Oth OrgYes (true)PerformOfServicesForOthOrgInd
Perform Of Services By Other OrgfalsePerformOfServicesByOtherOrgInd
Sharing Of FacilitiesfalseSharingOfFacilitiesInd
Paid Employees SharingYes (true)PaidEmployeesSharingInd
Reimbursement Paid To Other OrgfalseReimbursementPaidToOtherOrgInd
Reimbursement Paid By Other OrgfalseReimbursementPaidByOtherOrgInd
Transfer To Other OrgfalseTransferToOtherOrgInd
Transfer From Other OrgYes (true)TransferFromOtherOrgInd

Transactions Related Org TransactionsRelatedOrgGrp (4 entries)

Transaction TypeTransactionTypeTxtInvolvedInvolvedAmtMethod Of Amount DeterminationMethodOfAmountDeterminationTxt
RANDOLPH HOUSE HOLDINGS INC
O$4,028FMV
RANDOLPH HOUSE HOLDINGS INC
S$63,362FMV
RANDOLPH HOUSE HOLDINGS INC
L$43,108FMV
RED LION INC
L$8,280FMV