2018-01-17T14:52:49-05:00 2017-06-30 030280081 JMM & ASSOCIATES PC 336 WATER TOWER CIR STE 801 COLCHESTER VT 05446 990 2016-07-01 030337709 RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION RAND 8027284305 PO BOX 409 RANDOLPH VT 05060 JULIE IFFLAND EXECUTIVE DIRECTOR 8027284305 2018-01-17 true RANDALL L SARGENT CPA P00136499 8026555665 2018-01-17 B7EDB12B6B8D1A92AFC28057B8D0AB8EAB25E41A B7EDB12B6B8D1A92AFC28057B8D0AB8EAB25E41A 2016 2021-01-29 14:40:06Z JULIE IFFLAND PO BOX 409 RANDOLPH VT 05060 1201392 false X WWW.RACDC.COM X 1993 VT 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. 11 11 22 130 0 239620 550598 446242 578870 0 148580 71924 834442 1201392 0 0 327566 286976 0 0 343031 377326 670597 664302 163845 537090 3237170 3642192 1678436 1546368 1558734 2095824 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 245460 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 21 PEOPLE IN FISCAL YEAR 2017. 44558 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 2017. 35288 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. 224272 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 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. 224272 549578 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 false false false false false true false false false true 13 0 22 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 TRESURER 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 SARAH ISHAM 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 JOHN WESTBROOK DIRECTOR 2.00 X 0 0 0 TED ELZEY TERM ENDED DIRECTOR 2.00 X 0 0 0 CAROL BUSHEY TERM ENDED DIRECTOR 2.00 X 0 0 0 JULIE IFFLAND EXECUTIVE DI 40.00 X 80566 0 0 80566 false false false 494957 55641 550598 RENTAL INCOME 532000 258660 258660 SERVICES INCOME 721310 158576 158576 SASH CONTRACT FEES 621610 107143 107143 INTEREST INCOME 531110 47438 47438 LOAN FEES 531390 7117 7117 -64 -64 578870 DISTRIBUTION FROM RHH 531390 63362 63362 MISCELLANEOUS INCOME 531390 8562 8562 71924 1201392 650794 83665 71115 12550 166449 136999 29450 13684 11590 2094 23178 19647 3531 10117 10117 875 843 32 42337 42337 44817 43204 1613 3324 2659 665 8384 6770 1614 90059 87260 2799 2119 1929 190 5057 2883 2174 54249 49451 4798 50121 48642 1479 13707 8021 5686 FOOD AND SUPPLIES 44738 43279 1459 MISCELLANEOUS 7422 5169 2253 664302 549578 114724 0 973 900 301213 325724 -699 19196 1368737 1239914 1718 -1105 2447979 643516 1316247 1804463 233903 233856 15078 19244 3237170 3642192 34970 29438 3010 6432 1640456 1510498 1678436 1546368 X 1033500 1572592 395192 393190 130042 130042 1558734 2095824 3237170 3642192 537090 X false true X true false X 47810 75772 137981 239620 550598 1051781 47810 75772 137981 239620 550598 1051781 45059 1006722 1051781 2825923 0.95720 0.91050 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED false true X 335384 335384 1523702 605176 918526 120913 38340 82573 467980 467980 1804463 INVESTMENT IN SSRC 229250 C INVESTMENT IN OTHER PROPERTIES 4606 C 233856 X 1211392 10000 10000 1201392 1201392 674302 10000 10000 664302 664302 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. 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 RACDC 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 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 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 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 (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 15A THE 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 19 GOVERNING DOCUMENTS ARE MADE AVAILABLE TO THE PUBLIC UPON REQUEST. 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