Overview
What is Randolph Area Community Development Corporation?
The Randolph Area Community Development Corporation (RACDC) is a nonprofit organization based in Randolph, Vermont. Its primary mission is to enhance the community's social and economic assets, thereby enriching the quality of life, instilling pride, and fostering confidence. RACDC achieves this by promoting sustainable development practices and investment, creating affordable housing options, preserving environmental and historic resources, and leading in the revitalization of downtown and village centers. In 2022, RACDC provided affordable housing for approximately 22 individuals through Joslyn House, a shared housing facility with supportive services.
Official website here: www.racdc.com
What are the reviews and ratings of this charity?
Charity Navigator Rating: 96% - Four-Star out of Four Star rating from Charity Navigator.
The Randolph Area Community Development Corporation has achieved a high rating of 96%, indicating strong performance in accountability and finance. This score is based entirely on their accountability metrics, which reflect best practices in financial management and organizational governance. The organization has a fully independent board, with all eight members meeting the criteria, demonstrating a commitment to transparency and oversight.
The nonprofit excels in financial governance, as evidenced by its perfect scores in key areas such as financial statements and the absence of material asset diversions. Additionally, their program expense ratio of 86.57% highlights that a significant portion of their funds is directed towards their programs, ensuring that resources are effectively utilized for community development initiatives.
While the organization shows strong governance and financial health, it is important for stakeholders to remain informed about its ongoing activities and impact in the community. Regular updates and reports can help maintain transparency and build trust with donors and beneficiaries alike.
This AI summary has been generated from information found on Charity Navigator.
Is Randolph Area Community Development Corporation legitimate?
Randolph Area Community Development Corporation is a legitimate nonprofit organization registered as a 501(c)(3) entity. Randolph Area Community Development Corporation submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $88,247
Professional Fundraising Fees: $0
Other Salaries and Wages: $292,355
For more financial information, click here
Official website here: www.racdc.com
What is the mission statement of Randolph Area Community Development Corporation?
The Randolph Area Community Development Corporation, a nonprofit organization, works towards unifying the community to enhance its social and economic assets. Their mission is to enrich quality of life, instill a sense of pride, and build confidence. They achieve this by advocating for sound development practices and investment, offering affordable housing options, preserving environmental and historic resources, and leading revitalization efforts in downtown and village centers. By doing so, they promote community development and foster a sense of belonging among its residents.
Official website here: www.racdc.com
Who is the CEO of Randolph Area Community Development Corporation?
Julie Iffland is the Executive Di of Randolph Area Community Development Corporation.
Official website here: www.racdc.com
What is the revenue of Randolph Area Community Development Corporation?
Randolph Area Community Development Corporation's revenue in 2022 was $3,750,856.
Official website here: www.racdc.com
Who are the executives of Randolph Area Community Development Corporation and what are their salaries?
The average compensation at Randolph Area Community Development Corporation during 2022 was $17,300. There are 22 employees and 40 volunteers at Randolph Area Community Development Corporation.
Here are 13 key members and their salaries:
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Official website here: www.racdc.com
Where can I find the form 990 for Randolph Area Community Development Corporation?
Randolph Area Community Development Corporation's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.racdc.com
Learn more at the official website: www.racdc.com
Mission Statement of Randolph Area Community Development Corporation
Randolph Area Community Development Corporation, as a nonprofit organization, unites the community behind initiatives that aim to strengthen the region's social and economic assets. Their mission is multifaceted, with the primary goal of enriching the quality of life, instilling pride, and building confidence within the community. They achieve this by promoting sound development practices and investment, creating affordable housing options, preserving environmental and historic resources, and leading the revitalization of downtown and village centers. By doing so, Randolph Area Community Development Corporation contributes to the overall well-being and growth of the community, fostering a sense of pride and confidence among its residents.
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Impact
July, 2024
Randolph Area Community Development Corporation unites the community behind initiatives that strengthen our region's social and economic assets. By promoting sound development practices, creating affordable housing options, preserving environmental and historic resources, and leading in the revitalization of downtown and village centers, RACDC enriches the quality of life, instills pride, and builds confidence among residents. For example, Joslyn House, a shared housing facility with supportive services primarily for low and moderate-income individuals, provided affordable housing for approximately twenty-two people in fiscal year 2022. This impact directly improves the living conditions and opportunities for individuals in Randolph, VT, making a tangible difference in the community's well-being and vitality.
This information is meant to be a general summary of Randolph Area Community Development Corporation. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,166,214
- Program Service Revenue: $1,211,515
- Gross Receipts: $3,770,307
Assets and Liabilities:
- Total Assets: $7,323,571
- Total Liabilities: $992,704
- Net Assets: $6,330,867
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Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
DEVELOPMENT FEES
Revenue
$479,136
RENTAL INCOME
Revenue
$361,325
SERVICES INCOME
Revenue
$192,142
SASH CONTRACT FEES
Revenue
$117,740
INTEREST INCOME
Revenue
$41,608
Organization Details
Founding Year
1993
Phone
(802) 728-4305Principal Officer
Julie Iffland
Main Address
PO BOX 409, RANDOLPH, VT, 05060
Website
www.racdc.comNTEE Category
Code: S31Z - Community improvement
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