Four Directions Development Corporation
Four Directions Development Corporation
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About this organization
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.
About
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.
Interesting data from their 2020 990 filing
The purpose of the non-profit is outlined in the filing as “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.”.
When discussing its operations, they were defined as: “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.”.
- The state where the non-profit operates has been legally reported as ME.
- The filing indicates that the non-profit's address in 2020 is located at 20 GODFREY DR, ORONO, ME, 04473.
- The non-profit has reported 8 employees on their form as of 2020.
- Does not operate a hospital.
- Does not operate a school.
- Does not collect art.
- Does not provide credit counseling.
- Does not have foreign activities.
- Is not a donor-advised fund.
- Is not a private foundation.
- Expenses are between $500,000 and $1,000,000+.
- Revenue is greater than $1,000,000.
- Revenue less expenses is $502,881.
- The CEO's remuneration policy within the organization is established through an impartial review and endorsement process.
- The organization has a written policy that describes how long it will retain documents.
- The organization has 13 independent voting members.
- The organization was formed in 2001.
- The organization has a written policy that addresses conflicts of interest.
- The organization is required to file Schedule B.
- The organization is required to file Schedule O.
- The organization pays $424,592 in salary, compensation, and benefits to its employees.
- The organization pays $0 in fundraising expenses.
- The organization provides Form 990 to its governing body.
- The organization has minutes of its meetings.
- The organization has a written whistleblower policy.
- The organization's financial statements were reviewed by an accountant.