Four Directions Development Corporation

Organization Overview

Four Directions Development Corporation is located in Orono, ME. The organization was established in 2002. According to its NTEE Classification (L20) the organization is classified as: Housing Development, Construction & Management, under the broad grouping of Housing & Shelter and related organizations. As of 09/2021, Four Directions Development Corporation employed 7 individuals. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Four Directions Development Corporation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.

For the year ending 09/2021, Four Directions Development Corporation generated $2.5m in total revenue. This organization has experienced exceptional growth, as over the past 6 years, it has increased revenue by an average of 14.2% each year . All expenses for the organization totaled $1.5m during the year ending 09/2021. While expenses have increased by 10.5% per year over the past 6 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.

Mission & Program ActivityExcerpts From the 990 Filing

TAX YEAR

2021

Describe the Organization's Mission:

Part 3 - Line 1

TO IMPROVE THE SOCIAL AND ECONOMIC CONDITIONS OF TRIBAL MEMBERS IN THE FOUR MAINE TRIBES (MALISEET, MICMAC, PASSAMAQUODDY AND PENOBSCOT) THROUGH EDUCATION AND INVESTMENT IN AFFORDABLE HOUSING, TRIBAL BUSINESS VENTURES, AND ENTREPRENEURS.

Describe the Organization's Program Activity:

Part 3 - Line 4a

RESIDENTIAL LENDING - FOUR DIRECTIONS DEVELOPMENT CORPORATIONS RESIDENTIAL LENDING PROGRAM SEEKS TO IMPROVE THE LIVES OF ITS BORROWERS BY PROVIDING FIRST MORTGAGE LOANS FOR HOMEOWNERSHIP/CONSTRUCTION, REFINANCING, PURCHASE-PLUS IMPROVEMENTS,FINANCING FOR MODULAR/MOBILE HOMES; HOME IMPROVEMENTS SUBORDINATE FINANCING FOR REPAIRS/IMPROVEMENTS; HOME EQUITY LOAN; CONSUMER LOANS FOR EMERGENCY EXPENSES OR PAY DOWN DEBT. SOUND LENDING PRACTICES ENABLE BORROWERS TO FEEL SECURE KNOWING FDDC IS WORKING FOR THEM.


COMMUNITY DEVELOPMENT - FOUR DIRECTIONS DEVELOPMENT CORPORATIONS COMMUNITY DEVELOPMENT PROGRAM PROVIDES CAPITAL AND DEVELOPMENT SERVICES TO TRIBES, TRIBAL DEPARTMENTS, AND NONPROFIT ORGANIZATIONS THAT ARE DEVELOPING HOUSING OR COMMUNITY FACILITIES PROJECTS THAT WILL ASSIST LOW INCOME INDIVIDUALS AND FAMILIES, ELDERS, YOUTH, AND OTHER UNDERSERVED COMMUNITIES. FDDC PROVIDES GAP FINANCING BETWEEN TRADITIONAL LENDERS AND CAPITAL REQUIRED; PARTICIPATION FOR HOUSING AND COMMUNITY DEVELOPMENT ACTIVITIES; LOANS FOR PREDEVELOPMENT, PROPERTY ACQUISITION, CONSTRUCTION, LEASEHOLD IMPROVEMENTS, REHABILITATION, OR AS WORKING CAPITAL; AND SECOND LIEN WITH PARTNERS. FDDC PROVIDES DEVELOPMENT SERVICES TO ASSIST WITH BUILDING ORGANIZATIONAL AND INDIVIDUAL CAPACITY IN AREAS SUCH AS STRATEGIC PLANNING, LEADERSHIP BUSINESS CAPABILITIES, DUE DILIGENCE, FEASIBILITY STUDIES AND BUSINESS DEVELOPMENT.


FINANCIAL CAPABILITIES - FOUR DIRECTIONS DEVELOPMENT CORPORATIONS FINANCIAL CAPABILITIES PROGRAM PROVIDES HOMEOWNERSHIP AND FINANCIAL EDUCATION TO EMPOWER TRIBAL MEMBERS TO REACH THEIR FINANCIAL GOALS. THE PROGRAM INCLUDES ONE-ON-ONE FINANCIAL COACHING AND HOMEOWNERSHIP COUNSELING, AS WELL AS LARGER GROUP EDUCATION WORKSHOPS AND EVENTS. THESE ACTIVITIES INCLUDE, PRE- AND POST-PURCHASE HOMEOWNERSHIP COUNSELING, RENTAL COUNSELING, DELINQUENCY AND PRE-FORECLOSURE COUNSELING, MONEY MANAGEMENT COACHING, CREDIT COACHING, AND HOMEBUYER EDUCATION CLASSES.


BUSINESS DEVELOPMENT - FDDC PROVIDES TECHNICAL ASSISTANCE (TA) AND FINANCING TO NEW AND EXISTING NATIVE-OWNED SMALL BUSINESSES. TA HELPS ENTREPRENEURS DEVELOP BUSINESS PLANS AND PREPARE FINANCIAL PROJECTIONS. SMALL BUSINESS LOANS UP TO 250,000 ARE OFFERED AT AFFORDABLE RATES WITH FLEXIBLE TERMS. THE BUSINESS MUST BE AT LEAST 51% NATIVE-OWNED.


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Board, Officers & Key Employees

Name (title)Compensation
Susan Hammond
Former Exec
$95,043
Stan Meader
President
$0
Nichole Francis
Vice Preside
$0
Catherine St John
Secretary
$0
Eric Nicolar
Treasurer
$0
John Moore
Director
$0

Financial Statements

Statement of Revenue
Federated campaigns$0
Membership dues$0
Fundraising events$0
Related organizations$0
Government grants $1,523,800
All other contributions, gifts, grants, and similar amounts not included above$487,091
Noncash contributions included in lines 1a–1f $0
Total Revenue from Contributions, Gifts, Grants & Similar$2,010,891
Total Program Service Revenue$434,265
Investment income $4,680
Tax Exempt Bond Proceeds $0
Royalties $0
Net Rental Income $0
Net Gain/Loss on Asset Sales $6,330
Net Income from Fundraising Events $0
Net Income from Gaming Activities $0
Net Income from Sales of Inventory $0
Miscellaneous Revenue$0
Total Revenue $2,458,289

Grants Recieved

Over the last fiscal year, we have identified 14 grants that Four Directions Development Corporation has recieved totaling $419,625.

Awarding OrganizationAmount
First Nations Oweesta Corporation

Longmont, CO

PURPOSE: GRANT

$204,009
Enterprise Community Partners Inc

Columbia, MD

PURPOSE: CAPACITY BUILDING

$65,000
Elmina B Sewall Foundation

Freeport, ME

PURPOSE: GENERAL OPERATING SUPPORT

$50,000
Rudolf Steiner Foundation Inc

San Francisco, CA

PURPOSE: FOR UNRESTRICTED SUPPORT, WHERE MOST NEEDED

$20,000
Maine Community Foundation Inc

Ellsworth, ME

PURPOSE: Housing Development, Construction & Management

$16,500
Palmer Walbridge Foundation Tr

Pennington, NJ

PURPOSE: GENERAL OPERATING

$15,000
View Grant Recipient Profile

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