2024-04-15T15:55:32-04:00 2023-09-30 010511973 NICHOLSON MICHAUD & NADEAU CPAS 76 SILVER ST WATERVILLE ME 049016528 990 2022-10-01 010544468 FOUR DIRECTIONS DEVELOPMENT CORPORA FOUR 2078666545 20 GODFREY DR UNIT 7 ORONO ME 04473 CHARLENE VIRGILIO EXECUTIVE DIRECTOR 2078666545 2024-04-15 true CHARLENE VIRGILIO 999009999 false ERIK NADEAU CPA P00959193 2078727077 2024-04-15 2022 2023-04-26 12:10:37Z CHARLENE VIRGILIO 20 GODFREY DRIVE UNIT 7 ORONO ME 04473 2566410 false X WWW.FOURDIRECTIONSMAINE.ORG X 2001 ME 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. 12 11 15 12 0 2020067 1986581 422889 475433 -31077 69537 7720 19859 2419599 2551410 63663 0 797292 950932 0 0 1053847 1032070 1851139 2046665 568460 504745 14264573 15646979 6131569 7052556 8133004 8594423 X 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. false false 338369 63663 380073 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. 773190 74056 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. 147830 13884 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. 272441 27279 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. 272441 27279 1531830 true true false false false false false false false false true false false true false false true false false false false false false false false false false true true false false false false false false false false true false false false false false true true false false false true 14 0 true 15 true false false false false false false false false false false false false X 12 11 false false false false false false false true true false false true true true true true true true false false X CHARLENE VIRGILIO 2078666545 20 GODFREY DRIVE UNIT 7 ORONO ME 04473 NICHOLE FRANCIS PRESIDENT 0.50 X X 0 0 0 ERIC NICOLAR TREASURER 0.50 X X 0 0 0 CATHERINE ST JOHN SECRETARY 0.50 X X 0 0 0 GABE PAUL DIRECTOR 0.50 X 0 0 0 CHRISTOPHER PHILLIPS DIRECTOR 0.50 X 0 0 0 JOHN DENNIS DIRECTOR 0.50 X 0 0 0 MARTHA BENTLEY DIRECTOR 0.50 X 0 0 0 JEFFREY NATHAN DIRECTOR 0.50 X 0 0 0 LAURA BUXBAUM DIRECTOR 0.50 X 0 0 0 VICKI RUSBULT DIRECTOR 0.50 X 0 0 0 JACOB PELKEY DIRECTOR 0.50 X 0 0 0 SUSAN HAMMOND DIRECTOR (FO 0.50 X 22871 0 934 CHARLENE VIRGILIO EXECUTIVE DI 40.00 X 84837 0 23286 107708 24220 false false false 1262674 723907 1986581 INTEREST ON LOANS 525990 426178 426178 LOAN ORIGINATION INCOME 525990 35371 35371 FEES FOR SERVICE 525990 13884 13884 475433 65037 65037 19500 15000 4500 4500 4500 MISCELLANEOUS 900099 19859 19859 19859 2551410 495292 69537 X 6000 6000 57663 57663 128072 64036 64036 629704 454425 175279 15505 12176 3329 129115 92142 36973 48536 33496 15040 982 982 117990 69007 48983 1250 1250 348616 337647 10969 25866 14536 11330 81834 56476 25358 19147 10944 8203 126553 95206 31347 115176 115108 68 9754 9754 20701 14287 6414 LOAN SERVICING FEES 21352 21352 LICENSE MEMBERSHIPS 20851 13069 7782 SUPPLIES 20535 4868 15667 MAINTENANCE & IT SUPPORT 15617 10778 4839 85846 47632 38214 2046665 1531830 514835 0 1135252 29370 5338991 6383403 934169 626529 25000 30897 7462 100035 88186 21602 11849 6778662 8588366 14264573 15646979 120396 159022 238688 6011173 6654846 6131569 7052556 X 7109332 7701069 1023672 893354 8133004 8594423 14264573 15646979 X 504745 -43326 X X false true X true true true X 1031796 946641 2010891 2020067 1986581 7995976 1031796 946641 2010891 2020067 1986581 7995976 519218 7476758 29328 30039 4680 6982 65037 136066 8132042 2076750 0.91940 0.95010 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED 4925 4925 95110 83261 11849 11849 LOANS RELATED TO PROGRAM SERVICE 7754278 CONSTRUCTION IN PROGRESS 679416 OTHER REAL ESTATE OWNED 114672 ESCROW FOR LOAN LOSS RESERVE 40000 8588366 2508084 -43326 -43326 2551410 2551410 2046665 2046665 2046665 SCHEDULE D, PAGE 4, PART XI, LINE 2D NET CHANGE IN PROVISION FOR LOAN LOSS RESERVE -43,326 false INDIAN TOWNSHIP TRIBAL GOVERNMENT PO BOX 301 PRINCETON ME 04668 010346598 6000 MBC CONNECTIVITY ECONOMIC RELIEF 86 17200 MBC CONNECTIVITY STIPEND 2 8000 DOWN PAYMENT ASSISTANCE 3 15000 ARTISAN GRANTS 11 17463 GABE PAUL BOARD MEMBER 133349 REAL ESTATE LOAN false ERIC NICOLAR BOARD MEMBER 47471 REAL ESTATE LOAN false JOHN DENNIS BOARD MEMBER 50000 REAL ESTATE LOAN false BANGOR SAVINGS BANK FIN COMM MEMBER 800000 LOAN TO ORGANIZATION false FORM 990 - ORGANIZATION'S MISSION 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. FORM 990, PAGE 2, PART III, LINE 4B 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. FORM 990, PAGE 2, PART III, LINE 4D 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. FORM 990, PAGE 6, PART VI, LINE 11B THE FORM 990 WAS PROVIDED TO THE BOARD OF DIRECTORS FOR REVIEW AND APPROVAL BEFORE FILING. FORM 990, PAGE 6, PART VI, LINE 12C THE BOARD OF DIRECTORS UPDATES THE POLICY ON A REGULAR BASIS. BOARD MEMBERS AND OTHER KEY EMPLOYEES ARE REQUIRED TO DISCLOSE POTENTIAL CONFLICTS OF INTEREST ON AN ANNUAL BASIS. FORM 990, PAGE 6, PART VI, LINE 15A THE BOARD OF DIRECTORS REVIEWS THE EXECUTIVE DIRECTOR'S PERFORMANCE ON AN ANNUAL BASIS AND RECOMMENDS PAY INCREASES TO THE BOARD FOR APPROVAL. FORM 990, PAGE 6, PART VI, LINE 19 PRINT COPIES OF GOVERNING AND OTHER PERTINENT FINANCIAL DOCUMENTS ARE AVAILABLE UPON REQUEST AT THE ORGANIZATION'S HEADQUARTERS. FORM 990, PART IX, LINE 11G WABANAKI INITIATIVES 139,567 0 0 TRIBAL BROADBAND CONSULTING 100,000 0 0 SUMMIT FACILITATION PLANNING 41,199 0 0 OTHER CONTRACTED SVS 56,881 10,969 0 TOTAL 337,647 10,969 0 FORM 990, PART XI, LINE 9 NET CHANGE IN PROVISION FOR LOAN LOSS RESERVE -43,326 FORM 990, PAGE 12, PART XII, LINE 2C THERE WAS NO CHANGE TO THE OVERSIGHT OF THE AUDIT PROCESS OR SELECTION PROCESS FOR THE INDEPENDENT ACCOUNTANT. FOUR DIRECTIONS HOUSING INC 20 GODFREY DRIVE ORONO ME 04473 040504098 HOUSING ME FDDC C CORP 1.00000 false false false false false false false false false false false false false false false false false false false false