Civic Intelligence

Randolph Area Community Development Corporation

990 • Fiscal year 2019 • EIN 03-0337709

Jul 01, 2018 to Jun 30, 2019 • Filed on Mar 17, 2020

PO Box 409Randolph, VT 05060

(802) 728-4305

Siviq Scores

Precomputed percentiles for this filing year versus similar nonprofits in the same peer cohort.

Liabilities / Assets

67th percentile

0.33x

Higher debt load relative to assets than 67% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Liabilities / Revenue

84th percentile

1.28x

Higher debt load relative to revenue than 84% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Net Margin

90th percentile

45%

Higher net margin than 90% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Source year 2019

Top Officer Pay

Score unavailable

No value available

This filing does not contain officer compensation rows.

Source year 2019

Asset Growth

84th percentile

21%

Faster asset growth than 84% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Revenue Growth

20th percentile

-11%

Faster revenue growth than 20% of similar nonprofits.

2019 filings • 501(c)3 • $5M-$10M nonprofits • Annualized from 2018 to 2019

Assets

Up

$5,120,818

Up $901,760 (+21%) from 2018

Net Assets

Up

$3,412,240

Up $600,045 (+21%) from 2018

Liabilities

Up

$1,708,578

Up $301,715 (+21%) from 2018

Revenue

Down

$1,330,794

Down $164,385 (-11%) from 2018

Expenses

Down

$730,749

Down $48,059 (-6.2%) from 2018

Net Income

Down

$600,045

Down $116,326 (-16%) from 2018

Historical Trend

Balance Sheet Trend

The highlighted filing sits inside the broader history for assets, liabilities, and net assets.

$10M$5.0M$0Assets 2010: $4,304,124Liabilities 2010: $2,866,946Net Assets 2010: $1,437,1782010Assets 2011: $4,872,874Liabilities 2011: $3,662,842Net Assets 2011: $1,210,0322011Assets 2012: $3,870,660Liabilities 2012: $2,387,777Net Assets 2012: $1,482,8832012Assets 2013: $3,837,033Liabilities 2013: $2,406,880Net Assets 2013: $1,430,1532013Assets 2014: $3,467,156Liabilities 2014: $2,005,568Net Assets 2014: $1,461,5882014Assets 2015: $3,374,501Liabilities 2015: $1,979,612Net Assets 2015: $1,394,8892015Assets 2016: $3,237,170Liabilities 2016: $1,678,436Net Assets 2016: $1,558,7342016Assets 2017: $3,642,192Liabilities 2017: $1,546,368Net Assets 2017: $2,095,8242017Assets 2018: $4,219,058Liabilities 2018: $1,406,863Net Assets 2018: $2,812,1952018Assets 2019: $5,120,818Liabilities 2019: $1,708,578Net Assets 2019: $3,412,2402019Assets 2020: $5,158,383Liabilities 2020: $1,753,314Net Assets 2020: $3,405,0692020Assets 2021: $5,201,775Liabilities 2021: $1,614,258Net Assets 2021: $3,587,5172021Assets 2022: $7,323,571Liabilities 2022: $992,704Net Assets 2022: $6,330,8672022Assets 2023: $8,393,542Liabilities 2023: $1,351,960Net Assets 2023: $7,041,5822023Assets 2024: $8,256,620Liabilities 2024: $1,110,180Net Assets 2024: $7,146,4402024

Highlighted filing

2019

Assets$5,120,818
Liabilities$1,708,578
Net Assets$3,412,240

Operations Trend

Revenue, expenses, and net income across loaded years, with this filing highlighted.

$4.0M$3.0M$2.0M$1.0M$0-$1.0MExpenses 2010: $690,6682010Expenses 2011: $747,3032011Expenses 2012: $727,7372012Revenue 2013: $643,749Expenses 2013: $696,479Net Income 2013: -$52,7302013Revenue 2014: $671,502Expenses 2014: $640,067Net Income 2014: $31,4352014Revenue 2015: $590,027Expenses 2015: $656,726Net Income 2015: -$66,6992015Revenue 2016: $834,442Expenses 2016: $670,597Net Income 2016: $163,8452016Revenue 2017: $1,201,392Expenses 2017: $664,302Net Income 2017: $537,0902017Revenue 2018: $1,495,179Expenses 2018: $778,808Net Income 2018: $716,3712018Revenue 2019: $1,330,794Expenses 2019: $730,749Net Income 2019: $600,0452019Revenue 2020: $736,283Expenses 2020: $743,454Net Income 2020: -$7,1712020Revenue 2021: $1,051,354Expenses 2021: $868,906Net Income 2021: $182,4482021Revenue 2022: $3,750,856Expenses 2022: $1,007,506Net Income 2022: $2,743,3502022Revenue 2023: $1,336,191Expenses 2023: $622,171Net Income 2023: $714,0202023Revenue 2024: $1,347,588Expenses 2024: $1,248,836Net Income 2024: $98,7522024

Highlighted filing

2019

Revenue$1,330,794
Expenses$730,749
Net Income$600,045
Jump To
Filing Snapshot
Filing Period
Jul 1, 2018 to Jun 30, 2019
Signed
Mar 17, 2020
Return Version
2018v3.2
Gross Receipts
$1,330,794
Mission and Program Overview

Mission

Develop affordable housing and elderly housing; attract and retain businesses; support downtown and village center revitalization.

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.

Balance Sheet Detail
LineBeginningEndChange
Assets
Land, Buildings, and Equipment, Net$2,116,070$3,168,975▲ $1,052,905
Other Notes and Loans Receivable, Net$1,131,039$1,039,379▼ $91,660
Savings and Temporary Cash Investments$660,901$562,586▼ $98,315
Investments Program Related$233,806$233,751▼ $55
Pledges and Grants Receivable$35,779$87,900▲ $52,121
Cash and Non-Interest-Bearing Accounts$900$900→ $0
Accounts Receivable$17,655$715▼ $16,940
Prepaid Expenses and Deferred Charges-$40-
Total Assets$4,219,058$5,120,818▲ $901,760
Other Assets Total$22,908$26,572▲ $3,664
Liabilities
Mortgage Notes Payable Secured by Investment Property$1,360,057$1,553,872▲ $193,815
Accounts Payable and Accrued Expenses$36,282$141,653▲ $105,371
Escrow Account Liability$10,524$12,758▲ $2,234
Deferred Revenue-$295-
Total Liabilities$1,406,863$1,708,578▲ $301,715
Net Assets / Fund Balance
Unrestricted Net Assets$1,896,652$2,718,441▲ $821,789
Temporarily Rstr Net Assets$785,501$563,757▼ $221,744
Permanently Rstr Net Assets$130,042$130,042→ $0
Total Net Assets Fund Balance$2,812,195$3,412,240▲ $600,045
Total Liabilities and Net Assets / Fund Balance$4,219,058$5,120,818▲ $901,760

Asset Categories

AssetBook ValueDepreciationBasis
Other Land Buildings$1,761,588-$1,761,588
Buildings$979,309$704,597$1,683,906
Land$335,384-$335,384
Equipment$92,694$55,461$148,155
Compensation and Service Providers

Employees

NameTitleFull / Part TimeBaseTotal
Julie IfflandExecutive DiFT$80,566$80,566

Board Members and Trustees

Revenue and Support

Revenue Composition

Contributions and Grants
$633,489
Program Service Revenue
$657,137
Investment Income
$0
Other Revenue
$40,168
All Other Contributions
$139,909
Change in Net Assets
$600,045

Audited Revenue Reconciliation

Revenue per Audited Statements
$1,330,794
Revenue Not Reported on Form 990
$10,000
Total Revenue per Audited Statements
$1,340,794
Total Revenue per Form 990
$1,330,794
Expenses and Functional Allocation

Major Expense Lines

Line ItemAmount
Other Expenses$455,708
Salaries, Compensation, and Employee Benefits$275,041
Grants and Similar Amounts Paid$0
Professional Fundraising Fees$0
Total Fundraising Expense$0

Functional Expense Allocation

Line ItemProgramManagementFundraisingTotal
Other Salaries and Wages$142,324$11,823-$154,147
Occupancy$120,899$5,537-$126,436
Current Officers, Directors, Trustees, and Key Employees$64,453$16,113-$80,566
Depreciation Depletion$57,900$1,479-$59,379
Interest$49,065--$49,065
Fees for Services Other$42,798--$42,798
Fees for Services Accounting-$31,834-$31,834
Payroll Taxes$24,953$3,140-$28,093
Other Expenses$17,320$18,225-$17,320
Insurance$10,409$5,703-$16,112
Fees for Services Management$16,101--$16,101
Other Employee Benefits$10,995$1,240-$12,235
Conferences and Meetings$5,568$2,621-$8,189
Office Expenses$681$4,706-$5,387
Advertising$4,106$1,160-$5,266
Fees for Services Legal$2,290$2,282-$4,572
Travel$6$1,198-$1,204
Total Functional Expenses$619,794$110,955$0$730,749

Audited Expense Reconciliation

Line ItemAmount
Total Expenses per Audited Statements$740,749
Expenses per Audited Statements$730,749
Total Expenses per Form 990$730,749
Expenses Not Reported on Form 990$10,000
Fundraising, Events, and Gaming
Fundraising activities
No
Gaming activities
No
Professional fundraiser used
No

Fundraising and Gaming Totals

Line ItemAmount
Professional Fundraising Fees$0
Political and Lobbying Activity
Political campaign activity
No
Lobbying activity
No
Subject to proxy tax
No
Governance and Compliance

Governance Checklist

Compiled or reviewed by an accountant
No
Annual disclosure for covered persons
Yes
Audit committee
Yes
Business relationship with family members
No
Business relationship with organization members
No
Material changes to governing documents
No
Compensation from other sources disclosed
No
CEO compensation reviewed
Yes
Other officer compensation reviewed
No
Conflict-of-interest policy
Yes
Audited financial statements prepared
Yes
Key decisions subject to board approval
Yes
Management duties delegated
No

Governance Explanations

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

We ask board members to fill out the conflict of interest forms every year after the annual meeting at the organizational meeting and provide both the policy and the form.

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.

Filing and Contact Details

Filer

Filer Name
Randolph Area Community Development
EIN
03-0337709
Phone
8027284305
Address
PO BOX 409, RANDOLPH, VT 05060

Signing Officer

Name
Julie Iffland
Title
Executive Director
Phone
8027284305
Signed
2020-03-17
Discuss with paid preparer
Yes

Organization Details

Principal Officer
Julie Iffland
Formed
1993
Legal Domicile
Vt
Voting Board Members
12
Independent Board Members
12
Employees
25
Volunteers
170

Preparer

Firm
Jmm & Associates Pc
Address
336 WATER TOWER CIR STE 801, COLCHESTER, VT 05446
Preparer
Randall L Sargent CPA
Phone
8026555665
Supplemental Narrative

Additional Explanations

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 have increased the number and scale of public events. We have also begun a free downtown public wifi effort for randolph's downtown.

Form 990, Page 2, Part III, Line 4D

Racdc administers several additional programs. The revolving loan fund served roughly 7 residential and 6 business customers in the area. The support and services at home (sash) program served approximately 90 full participants and over 100 participants of its publicly available activities and events in fiscal year 2019. In addition, the downtown designation served the entire region by supporting businesses as well as supporting infrastructure improvements for the town of randolph, vermont. Racdc held or was involved in 6 major events with an estimated attendance of 1575. We estimate that 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.

Financial Statement Notes

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.

Raw XML AppendixShowing 400 of 677 raw XML fields

This appendix keeps the raw XML leaves available for debugging and edge-case review. The human report above is the primary experience.

Path#Value
IRS990/AccountantCompileOrReviewInd0false
IRS990/AccountsPayableAccrExpnssGrp/BOYAmt036282
IRS990/AccountsPayableAccrExpnssGrp/EOYAmt0141653
IRS990/AccountsReceivableGrp/BOYAmt017655
IRS990/AccountsReceivableGrp/EOYAmt0715
IRS990/ActivitiesConductedPrtshpInd0false
IRS990/ActivityOrMissionDesc0RANDOLPH 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.
IRS990/AdvertisingGrp/ManagementAndGeneralAmt01160
IRS990/AdvertisingGrp/ProgramServicesAmt04106
IRS990/AdvertisingGrp/TotalAmt05266
IRS990/AllOtherContributionsAmt0139909
IRS990/AnnualDisclosureCoveredPrsnInd0true
IRS990/AuditCommitteeInd0true
IRS990/BooksInCareOfDetail/PersonNm0JULIE IFFLAND
IRS990/BooksInCareOfDetail/PhoneNum08027284305
IRS990/BooksInCareOfDetail/USAddress/AddressLine1Txt0PO BOX 409
IRS990/BooksInCareOfDetail/USAddress/CityNm0RANDOLPH
IRS990/BooksInCareOfDetail/USAddress/StateAbbreviationCd0VT
IRS990/BooksInCareOfDetail/USAddress/ZIPCd005060
IRS990/BusinessRlnWithFamMemInd0false
IRS990/BusinessRlnWithOfficerEntInd0false
IRS990/BusinessRlnWithOrgMemInd0false
IRS990/CashNonInterestBearingGrp/BOYAmt0900
IRS990/CashNonInterestBearingGrp/EOYAmt0900
IRS990/ChangeToOrgDocumentsInd0false
IRS990/CollectionsOfArtInd0false
IRS990/CompCurrentOfcrDirectorsGrp/ManagementAndGeneralAmt016113
IRS990/CompCurrentOfcrDirectorsGrp/ProgramServicesAmt064453
IRS990/CompCurrentOfcrDirectorsGrp/TotalAmt080566
IRS990/CompensationFromOtherSrcsInd0false
IRS990/CompensationProcessCEOInd0true
IRS990/CompensationProcessOtherInd0false
IRS990/ConferencesMeetingsGrp/ManagementAndGeneralAmt02621
IRS990/ConferencesMeetingsGrp/ProgramServicesAmt05568
IRS990/ConferencesMeetingsGrp/TotalAmt08189
IRS990/ConflictOfInterestPolicyInd0true
IRS990/ConservationEasementsInd0false
IRS990/ConsolidatedAuditFinclStmtInd0true
IRS990/CreditCounselingInd0true
IRS990/CYBenefitsPaidToMembersAmt00
IRS990/CYContributionsGrantsAmt0633489
IRS990/CYGrantsAndSimilarPaidAmt00
IRS990/CYInvestmentIncomeAmt00
IRS990/CYOtherExpensesAmt0455708
IRS990/CYOtherRevenueAmt040168
IRS990/CYProgramServiceRevenueAmt0657137
IRS990/CYRevenuesLessExpensesAmt0600045
IRS990/CYSalariesCompEmpBnftPaidAmt0275041
IRS990/CYTotalExpensesAmt0730749
IRS990/CYTotalFundraisingExpenseAmt00
IRS990/CYTotalProfFndrsngExpnsAmt00
IRS990/CYTotalRevenueAmt01330794
IRS990/DecisionsSubjectToApprovaInd0true
IRS990/DeductibleArtContributionInd0false
IRS990/DeductibleNonCashContriInd0false
IRS990/DeferredRevenueGrp/EOYAmt0295
IRS990/DelegationOfMgmtDutiesInd0false
IRS990/DepreciationDepletionGrp/ManagementAndGeneralAmt01479
IRS990/DepreciationDepletionGrp/ProgramServicesAmt057900
IRS990/DepreciationDepletionGrp/TotalAmt059379
IRS990/Desc0JOSLYN 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 TWENTY THREE (23) PEOPLE IN FISCAL YEAR 2019.
IRS990/DescribedInSection501c3Ind0true
IRS990/DisregardedEntityInd0false
IRS990/DocumentRetentionPolicyInd0true
IRS990/DonorAdvisedFundInd0false
IRS990/ElectionOfBoardMembersInd0true
IRS990/EmployeeCnt025
IRS990/EmploymentTaxReturnsFiledInd0true
IRS990/EngagedInExcessBenefitTransInd0false
IRS990/EscrowAccountLiabilityGrp/BOYAmt010524
IRS990/EscrowAccountLiabilityGrp/EOYAmt012758
IRS990/ExpenseAmt0269438
IRS990/FamilyOrBusinessRlnInd0false
IRS990/FederalGrantAuditRequiredInd0false
IRS990/FeesForServicesAccountingGrp/ManagementAndGeneralAmt031834
IRS990/FeesForServicesAccountingGrp/TotalAmt031834
IRS990/FeesForServicesLegalGrp/ManagementAndGeneralAmt02282
IRS990/FeesForServicesLegalGrp/ProgramServicesAmt02290
IRS990/FeesForServicesLegalGrp/TotalAmt04572
IRS990/FeesForServicesManagementGrp/ProgramServicesAmt016101
IRS990/FeesForServicesManagementGrp/TotalAmt016101
IRS990/FeesForServicesOtherGrp/ProgramServicesAmt042798
IRS990/FeesForServicesOtherGrp/TotalAmt042798
IRS990/ForeignActivitiesInd0false
IRS990/ForeignFinancialAccountInd0false
IRS990/ForeignOfficeInd0false
IRS990/Form8282PropertyDisposedOfInd0false
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRltdOrgRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt02.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt12.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt22.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt32.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt42.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt52.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt62.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt72.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt82.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt92.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt102.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt112.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt122.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt132.00
IRS990/Form990PartVIISectionAGrp/AverageHoursPerWeekRt1438.00
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd0X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd1X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd2X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd3X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd4X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd5X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd6X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd7X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd8X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd9X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd10X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd11X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd12X
IRS990/Form990PartVIISectionAGrp/IndividualTrusteeOrDirectorInd13X
IRS990/Form990PartVIISectionAGrp/OfficerInd0X
IRS990/Form990PartVIISectionAGrp/OfficerInd1X
IRS990/Form990PartVIISectionAGrp/OfficerInd2X
IRS990/Form990PartVIISectionAGrp/OfficerInd3X
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt00
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt10
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt20
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt30
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt40
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt50
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt60
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt70
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt80
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt90
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt100
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt110
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt120
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt130
IRS990/Form990PartVIISectionAGrp/OtherCompensationAmt140
IRS990/Form990PartVIISectionAGrp/PersonNm0BOB WRIGHT
IRS990/Form990PartVIISectionAGrp/PersonNm1PETER REED
IRS990/Form990PartVIISectionAGrp/PersonNm2ROBERT MOYER
IRS990/Form990PartVIISectionAGrp/PersonNm3DAN DEVOE
IRS990/Form990PartVIISectionAGrp/PersonNm4PAM STAFFORD
IRS990/Form990PartVIISectionAGrp/PersonNm5SARAH BAKER
IRS990/Form990PartVIISectionAGrp/PersonNm6PATRICK FRENCH
IRS990/Form990PartVIISectionAGrp/PersonNm7KEN STEVENS
IRS990/Form990PartVIISectionAGrp/PersonNm8ROBERT SPARADEO
IRS990/Form990PartVIISectionAGrp/PersonNm9ROGER GLOVSKY
IRS990/Form990PartVIISectionAGrp/PersonNm10CHRISTINE MALONEY
IRS990/Form990PartVIISectionAGrp/PersonNm11TOM AYRES
IRS990/Form990PartVIISectionAGrp/PersonNm12KEVIN MCCOLLISTER RESIGNED 11419
IRS990/Form990PartVIISectionAGrp/PersonNm13LEE MOORE RESIGNED 12119
IRS990/Form990PartVIISectionAGrp/PersonNm14JULIE IFFLAND
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromOrgAmt1480566
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt00
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt10
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt20
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt30
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt40
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt50
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt60
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt70
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt80
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt90
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt100
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt110
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt120
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt130
IRS990/Form990PartVIISectionAGrp/ReportableCompFromRltdOrgAmt140
IRS990/Form990PartVIISectionAGrp/TitleTxt0PRESIDENT
IRS990/Form990PartVIISectionAGrp/TitleTxt1V.P./TREASUR
IRS990/Form990PartVIISectionAGrp/TitleTxt2SECRETARY
IRS990/Form990PartVIISectionAGrp/TitleTxt3DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt4DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt5DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt6DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt7DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt8DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt9DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt10DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt11DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt12DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt13DIRECTOR
IRS990/Form990PartVIISectionAGrp/TitleTxt14EXECUTIVE DI
IRS990/Form990ProvidedToGvrnBodyInd0false
IRS990/FormationYr01993
IRS990/FormerOfcrEmployeesListedInd0false
IRS990/FSAuditedBasisGrp/ConsolidatedBasisFinclStmtInd0X
IRS990/FSAuditedInd0true
IRS990/FundraisingActivitiesInd0false
IRS990/GamingActivitiesInd0false
IRS990/GoverningBodyVotingMembersCnt012
IRS990/GovernmentGrantsAmt0493580
IRS990/GrantsToIndividualsInd0false
IRS990/GrantsToOrganizationsInd0false
IRS990/GrantToRelatedPersonInd0false
IRS990/GrossReceiptsAmt01330794
IRS990/GroupReturnForAffiliatesInd0false
IRS990/IncludeFIN48FootnoteInd0true
IRS990/IndependentAuditFinclStmtInd0false
IRS990/IndependentVotingMemberCnt012
IRS990/IndoorTanningServicesInd0false
IRS990/InfoInScheduleOPartIIIInd0X
IRS990/InfoInScheduleOPartVIInd0X
IRS990/InsuranceGrp/ManagementAndGeneralAmt05703
IRS990/InsuranceGrp/ProgramServicesAmt010409
IRS990/InsuranceGrp/TotalAmt016112
IRS990/InterestGrp/ProgramServicesAmt049065
IRS990/InterestGrp/TotalAmt049065
IRS990/InvestmentInJointVentureInd0false
IRS990/InvestmentsProgramRelatedGrp/BOYAmt0233806
IRS990/InvestmentsProgramRelatedGrp/EOYAmt0233751
IRS990/IRPDocumentCnt021
IRS990/IRPDocumentW2GCnt00
IRS990/LandBldgEquipAccumDeprecAmt0760058
IRS990/LandBldgEquipBasisNetGrp/BOYAmt02116070
IRS990/LandBldgEquipBasisNetGrp/EOYAmt03168975
IRS990/LandBldgEquipCostOrOtherBssAmt03929033
IRS990/LegalDomicileStateCd0VT
IRS990/LoanOutstandingInd0false
IRS990/LobbyingActivitiesInd0false
IRS990/LocalChaptersInd0false
IRS990/MaterialDiversionOrMisuseInd0false
IRS990/MembersOrStockholdersInd0true
IRS990/MethodOfAccountingAccrualInd0X
IRS990/MinutesOfCommitteesInd0true
IRS990/MinutesOfGoverningBodyInd0true
IRS990/MissionDesc0RANDOLPH 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.
IRS990/MoreThan5000KToIndividualsInd0false
IRS990/MoreThan5000KToOrgInd0false
IRS990/MortgNotesPyblScrdInvstPropGrp/BOYAmt01360057
IRS990/MortgNotesPyblScrdInvstPropGrp/EOYAmt01553872
IRS990/NetAssetsOrFundBalancesBOYAmt02812195
IRS990/NetAssetsOrFundBalancesEOYAmt03412240
IRS990/NondeductibleContributionsInd0false
IRS990/OccupancyGrp/ManagementAndGeneralAmt05537
IRS990/OccupancyGrp/ProgramServicesAmt0120899
IRS990/OccupancyGrp/TotalAmt0126436
IRS990/OfficeExpensesGrp/ManagementAndGeneralAmt04706
IRS990/OfficeExpensesGrp/ProgramServicesAmt0681
IRS990/OfficeExpensesGrp/TotalAmt05387
IRS990/OfficerMailingAddressInd0false
IRS990/OperateHospitalInd0false
IRS990/Organization501c3Ind0X
IRS990/OrganizationFollowsSFAS117Ind0X
IRS990/OtherAssetsTotalGrp/BOYAmt022908
IRS990/OtherAssetsTotalGrp/EOYAmt026572
IRS990/OtherEmployeeBenefitsGrp/ManagementAndGeneralAmt01240
IRS990/OtherEmployeeBenefitsGrp/ProgramServicesAmt010995
IRS990/OtherEmployeeBenefitsGrp/TotalAmt012235
IRS990/OtherExpensesGrp/Desc0FOOD AND SUPPLIES
IRS990/OtherExpensesGrp/Desc1MISCELLANEOUS
IRS990/OtherExpensesGrp/Desc2BAD DEBT EXPENSE
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt03894
IRS990/OtherExpensesGrp/ManagementAndGeneralAmt118225
IRS990/OtherExpensesGrp/ProgramServicesAmt043614
IRS990/OtherExpensesGrp/ProgramServicesAmt16312
IRS990/OtherExpensesGrp/ProgramServicesAmt217320
IRS990/OtherExpensesGrp/TotalAmt047508
IRS990/OtherExpensesGrp/TotalAmt124537
IRS990/OtherExpensesGrp/TotalAmt217320
IRS990/OtherRevenueMiscGrp/BusinessCd0531390
IRS990/OtherRevenueMiscGrp/BusinessCd1531390
IRS990/OtherRevenueMiscGrp/Desc0DISTRIBUTION FROM RHH
IRS990/OtherRevenueMiscGrp/Desc1MISCELLANEOUS INCOME
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt038130
IRS990/OtherRevenueMiscGrp/RelatedOrExemptFuncIncomeAmt12038
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt038130
IRS990/OtherRevenueMiscGrp/TotalRevenueColumnAmt12038
IRS990/OtherRevenueTotalAmt040168
IRS990/OtherSalariesAndWagesGrp/ManagementAndGeneralAmt011823
IRS990/OtherSalariesAndWagesGrp/ProgramServicesAmt0142324
IRS990/OtherSalariesAndWagesGrp/TotalAmt0154147
IRS990/OthNotesLoansReceivableNetGrp/BOYAmt01131039
IRS990/OthNotesLoansReceivableNetGrp/EOYAmt01039379
IRS990/PartialLiquidationInd0false
IRS990/PayPremiumsPrsnlBnftCntrctInd0false
IRS990/PayrollTaxesGrp/ManagementAndGeneralAmt03140
IRS990/PayrollTaxesGrp/ProgramServicesAmt024953
IRS990/PayrollTaxesGrp/TotalAmt028093
IRS990/PermanentlyRstrNetAssetsGrp/BOYAmt0130042
IRS990/PermanentlyRstrNetAssetsGrp/EOYAmt0130042
IRS990/PledgesAndGrantsReceivableGrp/BOYAmt035779
IRS990/PledgesAndGrantsReceivableGrp/EOYAmt087900
IRS990/PoliticalCampaignActyInd0false
IRS990/PrepaidExpensesDefrdChargesGrp/EOYAmt040
IRS990/PrincipalOfficerNm0JULIE IFFLAND
IRS990/ProfessionalFundraisingInd0false
IRS990/ProgramServiceRevenueGrp/BusinessCd0532000
IRS990/ProgramServiceRevenueGrp/BusinessCd1721310
IRS990/ProgramServiceRevenueGrp/BusinessCd2621610
IRS990/ProgramServiceRevenueGrp/BusinessCd3531110
IRS990/ProgramServiceRevenueGrp/BusinessCd4531390
IRS990/ProgramServiceRevenueGrp/Desc0RENTAL INCOME
IRS990/ProgramServiceRevenueGrp/Desc1SERVICES INCOME
IRS990/ProgramServiceRevenueGrp/Desc2SASH CONTRACT FEES
IRS990/ProgramServiceRevenueGrp/Desc3INTEREST INCOME
IRS990/ProgramServiceRevenueGrp/Desc4LOAN FEES
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt0323801
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt1163699
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt2114247
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt345528
IRS990/ProgramServiceRevenueGrp/RelatedOrExemptFuncIncomeAmt49952
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt0323801
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt1163699
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt2114247
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt345528
IRS990/ProgramServiceRevenueGrp/TotalRevenueColumnAmt49952
IRS990/ProgSrvcAccomActy2Grp/Desc0ARMSTRONG 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 TWENTY (20) PEOPLE IN FISCAL YEAR 2019.
IRS990/ProgSrvcAccomActy2Grp/ExpenseAmt046805
IRS990/ProgSrvcAccomActy2Grp/RevenueAmt085029
IRS990/ProgSrvcAccomActy3Grp/Desc0JACOBS 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 NINETEEN (19) PEOPLE IN FISCAL YEAR 2019.
IRS990/ProgSrvcAccomActy3Grp/ExpenseAmt043083
IRS990/ProgSrvcAccomActy3Grp/RevenueAmt079512
IRS990/ProgSrvcAccomActyOtherGrp/Desc0RACDC ADMINISTERS SEVERAL ADDITIONAL PROGRAMS. THE REVOLVING LOAN FUND SERVED ROUGHLY 7 RESIDENTIAL AND 6 BUSINESS CUSTOMERS IN THE AREA. THE SUPPORT AND SERVICES AT HOME (SASH) PROGRAM SERVED APPROXIMATELY 90 FULL PARTICIPANTS AND OVER 100 PARTICIPANTS OF ITS PUBLICLY AVAILABLE ACTIVITIES AND EVENTS IN FISCAL YEAR 2019. IN ADDITION, THE DOWNTOWN DESIGNATION SERVED THE ENTIRE REGION BY SUPPORTING BUSINESSES AS WELL AS SUPPORTING INFRASTRUCTURE IMPROVEMENTS FOR THE TOWN OF RANDOLPH, VERMONT. RACDC HELD OR WAS INVOLVED IN 6 MAJOR EVENTS WITH AN ESTIMATED ATTENDANCE OF 1575. WE ESTIMATE THAT 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.
IRS990/ProgSrvcAccomActyOtherGrp/ExpenseAmt0260468
IRS990/ProgSrvcAccomActyOtherGrp/RevenueAmt0189970
IRS990/ProhibitedTaxShelterTransInd0false
IRS990/PYContributionsGrantsAmt0775904
IRS990/PYExcessBenefitTransInd0false
IRS990/PYOtherExpensesAmt0470786
IRS990/PYOtherRevenueAmt063850
IRS990/PYProgramServiceRevenueAmt0655425
IRS990/PYRevenuesLessExpensesAmt0716371
IRS990/PYSalariesCompEmpBnftPaidAmt0308022
IRS990/PYTotalExpensesAmt0778808
IRS990/PYTotalRevenueAmt01495179
IRS990/QuidProQuoContributionsInd0false
IRS990/RcvFndsToPayPrsnlBnftCntrctInd0false
IRS990/ReconcilationRevenueExpnssAmt0600045
IRS990/RegularMonitoringEnfrcInd0true
IRS990/RelatedEntityInd0true
IRS990/RelatedOrganizationCtrlEntInd0false
IRS990/ReportInvestmentsOtherSecInd0false
IRS990/ReportLandBuildingEquipmentInd0true
IRS990/ReportOtherAssetsInd0false
IRS990/ReportOtherLiabilitiesInd0false
IRS990/ReportProgramRelatedInvstInd0false
IRS990/RevenueAmt0302626
IRS990/SavingsAndTempCashInvstGrp/BOYAmt0660901
IRS990/SavingsAndTempCashInvstGrp/EOYAmt0562586
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearAmt0633489
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus1YearAmt0775904
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus2YearsAmt0550598
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus3YearsAmt0239620
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/CurrentTaxYearMinus4YearsAmt0137981
IRS990ScheduleA/GiftsGrantsContriRcvd170Grp/TotalAmt02337592
IRS990ScheduleA/GrossReceiptsRltdActivitiesAmt03138309
IRS990ScheduleA/PublicOrganization170Ind0X
IRS990ScheduleA/PublicSupportCY170Pct00.92490
IRS990ScheduleA/PublicSupportPY170Pct00.88110
IRS990ScheduleA/PublicSupportTotal170Amt02162052
IRS990ScheduleA/SubstantialContributorsTotAmt0175540
IRS990ScheduleA/ThirtyThrPctSuprtTestsCY170Ind0X
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearAmt0633489
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus1YearAmt0775904
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus2YearsAmt0550598
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus3YearsAmt0239620
IRS990ScheduleA/TotalCalendarYear170Grp/CurrentTaxYearMinus4YearsAmt0137981
IRS990ScheduleA/TotalCalendarYear170Grp/TotalAmt02337592
IRS990ScheduleA/TotalSupportAmt02337592
IRS990ScheduleB/ContributorInformationGrp/ContributorBusinessName/BusinessNameLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorNum0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine10RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/AddressLine20RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/City0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/State0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/ContributorUSAddress/ZIPCode0RESTRICTED
IRS990ScheduleB/ContributorInformationGrp/TotalContributionsAmt0RESTRICTED
IRS990/ScheduleBRequiredInd0true
IRS990ScheduleD/AgentTrusteeEtcInd0false
IRS990ScheduleD/BuildingsGrp/BookValueAmt0979309
IRS990ScheduleD/BuildingsGrp/DepreciationAmt0704597
IRS990ScheduleD/BuildingsGrp/OtherCostOrOtherBasisAmt01683906
IRS990ScheduleD/DonatedServicesAndUseFcltsAmt010000
IRS990ScheduleD/DonatedServicesUseFcltsAmt010000
IRS990ScheduleD/EquipmentGrp/BookValueAmt092694
IRS990ScheduleD/EquipmentGrp/DepreciationAmt055461
IRS990ScheduleD/EquipmentGrp/OtherCostOrOtherBasisAmt0148155
IRS990ScheduleD/ExpensesNotReportedAmt010000
IRS990ScheduleD/ExpensesSubtotalAmt0730749
IRS990ScheduleD/ExplanationProvidedInd0X
IRS990ScheduleD/FootnoteTextInd0X
IRS990ScheduleD/InclEscrowCustodialAcctLiabInd0true
IRS990ScheduleD/LandGrp/BookValueAmt0335384
IRS990ScheduleD/LandGrp/OtherCostOrOtherBasisAmt0335384
IRS990ScheduleD/OtherLandBuildingsGrp/BookValueAmt01761588
IRS990ScheduleD/OtherLandBuildingsGrp/OtherCostOrOtherBasisAmt01761588

Document Assets

No mirrored PDF or thumbnail assets are attached yet.

Filings

Balance SheetOperations
YearAssetsLiabilitiesNet AssetsRevenueExpensesNet Income
2024Detailed filing. Detailed filing data is available for this year.$8.26$1.11$7.15$1.35$1.25$0.10
2023Detailed filing. Detailed filing data is available for this year.$8.39$1.35$7.04$1.34$0.62$0.71
2022Detailed filing. Detailed filing data is available for this year.$7.32$0.99$6.33$3.75$1.01$2.74
2021Facts available. Structured filing facts are available, but richer extracted sections are limited.$5.20$1.61$3.59$1.05$0.87$0.18
2020Detailed filing. Detailed filing data is available for this year.$5.16$1.75$3.41$0.74$0.74$0.01
2019Detailed filing. Detailed filing data is available for this year.$5.12$1.71$3.41$1.33$0.73$0.60
2018Detailed filing. Detailed filing data is available for this year.$4.22$1.41$2.81$1.50$0.78$0.72
2017Detailed filing. Detailed filing data is available for this year.$3.64$1.55$2.10$1.20$0.66$0.54
2016Detailed filing. Detailed filing data is available for this year.$3.24$1.68$1.56$0.83$0.67$0.16
2015Detailed filing. Detailed filing data is available for this year.$3.37$1.98$1.39$0.59$0.66$0.07
2014Detailed filing. Detailed filing data is available for this year.$3.47$2.01$1.46$0.67$0.64$0.03
2013Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.84$2.41$1.43$0.64$0.70$0.05
2012Facts available. Structured filing facts are available, but richer extracted sections are limited.$3.87$2.39$1.48$0.73
2011Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.87$3.66$1.21$0.75
2010Facts available. Structured filing facts are available, but richer extracted sections are limited.$4.30$2.87$1.44$0.69