NonprofitsRandolph Area Community Development Corporation

Community Improvement & Capacity Building

Randolph Area Community Development Corporation

RANDOLPH, VT

Total revenue

$1.3M

Total expenses

$1.2M

Net assets

$7.1M

Grants received

$281K

8 grants

EIN

030337709

Tax year

2024

Mission

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.

Programs

3 programs

Armstrong 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-one (21).

Expenses: $123K

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 twenty-five (25).

Expenses: $45K

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 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.

Expenses: $566KGrants: $3K

Financials

FY 2024

Revenue

Contributions & grants$436K
Program service revenue$835K
Investment income$70K
Other revenue$7K
Total revenue$1.3M

Expenses

Grants paid$3K
Salaries & benefits$649K
Fundraising
Other expenses$597K
Total expenses$1.2M
Total assets$8.3M
Net assets$7.1M

People

12 listed

NameRoleCompensation

JULIE IFFLAND

EXECUTIVE DI

Board

$100K

40 hrs/wk

PETER REED

PRESIDENT

Board

2 hrs/wk

DANIEL DEVOE

VICE PRESIDE

Board

2 hrs/wk

ROBERT WRIGHT

TREASURER

Board

2 hrs/wk

MATHEW JOHNSON

SECRETARY

Board

2 hrs/wk

SAM HOOPER

DIRECTOR

Board

2 hrs/wk

CHRISTINE MALONEY

DIRECTOR

Board

2 hrs/wk

ROBERT SPARADEO

DIRECTOR

Board

2 hrs/wk

EILEEN LONDON

DIRECTOR

Board

2 hrs/wk

JOSH HANFORD

DIRECTOR

Board

2 hrs/wk

TOM AYRES LEFT JANUARY 2024

DIRECTOR

Board

2 hrs/wk

DAN BENNETT LEFT OCTOBER 2024

DIRECTOR

Board

2 hrs/wk

Grants received

Showing 8 of 8

FromAmountPurposeYear
$150K
Comprehensive Energy
2023
$75K
VT Comprehensive Energy plan
2021
$5K
COMMUNITY EDUCATION AND OUTREACH SUPPORTING SUSTAINABLE, SMART GROWTH-ORIENTED AFFORDABLE HOUSING.
2021
$5K
PUBLIC, SOCIETAL BENEFIT
2018
$8K
FOR GRANT RECIPIENT'S EXEMPT PURPOSES
2017

Funded by

$281K from 6 funders · 8 grants · 2017–2024

Vermont Low Income Trust For

$225K · 2 grants · 2021–2023

Ada Brandon Charitable Foundation Inc

$250 · 2 grants · 2018–2020

Details

EIN030337709
NTEE codeS31Z
Subsection03
Ruling date1994-05
Formed1993
Employees23
Volunteers25
RANDOLPH AREA COMMUNITY DEVELOPMENT CORPORATION — Mission, Financials & Grants Received | Grantivo