Randolph Area Community Development Corporation

“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.”

“Members of racdc elect the board of directors.”

“Members of racdc approve changes to the governing documents.”

“Form 990 is provided to all members of the board's finance, audit & budget committee for review.”

“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.”

“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.”

“Governing documents are made available to the public upon request.”

“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.”

“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.”

“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.”