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.”

“The 990 is provided to the finance committee for review.”

“We ask for updates to the conflict of interest reports yearly at the board organizing meeting and discuss potential conflicts as/if issues arise.”

“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.”

“The files are available in the office for review at any time by any member of the public that asks.”

“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 administers several additional programs. The revolving loan fund served roughly eight residential and seven business loans 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 2023. 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 reinstated events in 2021 with the cornhold festival in august 2021, safe and seen halloween in october 2021, and first fridays from may through october 2022. Racdc continued its mutual aid network known as raman (randolph area mutual aid network), which includes four towns and about a dozen local organizations. Through raman, racdc also started a community fund which racdc hosts to address community needs due to covid-19, but also with the intention of continuing raman and the community fund to address essential needs of community members in crisis going forward. 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.”