Form 990 for tax year 2023
Filed by FOUR DIRECTIONS DEVELOPMENT CORPORATION.
Totals
- Total revenue
- $2,421,539
- Total expenses
- $2,337,814
- Contributions and grants received
- $1,755,056
- Grants paid
- $0
- Program service revenue
- $497,689
- Investment income
- $156,139
- Other revenue
- $12,655
- Total assets, end of year
- $15,081,245
- Total liabilities, end of year
- $6,403,097
- Net assets or fund balances, end of year
- $8,678,148
- Program services expenses (Part IX)
- $1,561,035
- Management and general expenses
- $776,779
- Fundraising expenses
- $0
- Program service expenses (Part III)
- $1,561,035
Program services were 66.8% of total expenses calculated — Part IX's program-services column over total expenses, both as filed.
Line items
Every line the filer filed in Parts VIII, IX and X, as filed and in filed order. Blank columns are left out, and the lines are not forced to add up to the totals above.
Revenue
Part VIII, the statement of revenue.
-
1e · Government grants (contributions)
$1,349,039
-
1f · All other contributions, gifts and grants
$406,017
-
2a · Program service revenue: Interest on Loans
total $474,645 · related or exempt $474,645
-
2b · Program service revenue: Loan Origination Income
total $23,044 · related or exempt $23,044
-
3 · Investment income
total $156,139 · excluded $156,139
-
11d · All other revenue
total $12,655 · related or exempt $12,655
-
11e · Other revenue, total
$12,655
Functional expenses
Part IX, the statement of functional expenses.
-
1 · Grants to domestic organizations and governments
total $0
-
2 · Grants to domestic individuals
total $0
-
3 · Grants to foreign organizations and individuals
total $0
-
4 · Benefits paid to or for members
total $0
-
5 · Compensation of officers, directors and key employees
total $0
-
6 · Compensation of disqualified persons
total $0
-
7 · Other salaries and wages
total $816,824 · program services $530,074 · management and general $286,750
-
8 · Pension plan contributions
total $0
-
9 · Other employee benefits
total $153,554 · program services $86,520 · management and general $67,034
-
10 · Payroll taxes
total $71,966 · program services $46,616 · management and general $25,350
-
11a · Fees: management
total $0
-
11b · Fees: legal
total $1,274 · program services $950 · management and general $324
-
11c · Fees: accounting
total $33,342 · management and general $33,342
-
11d · Fees: lobbying
total $0
-
11f · Fees: investment management
total $0
-
11g · Fees: other
total $389,264 · program services $350,552 · management and general $38,712
-
12 · Advertising and promotion
total $24,240 · program services $7,891 · management and general $16,349
-
13 · Office expenses
total $40,853 · program services $20,793 · management and general $20,060
-
14 · Information technology
total $18,310 · program services $2,000 · management and general $16,310
-
15 · Royalties
total $0
-
16 · Occupancy
total $83,609 · program services $45,455 · management and general $38,154
-
17 · Travel
total $35,564 · program services $21,707 · management and general $13,857
-
18 · Travel or entertainment for public officials
total $0
-
19 · Conferences, conventions and meetings
total $111,082 · program services $92,459 · management and general $18,623
-
20 · Interest
total $121,127 · program services $68,119 · management and general $53,008
-
21 · Payments to affiliates
total $0
-
22 · Depreciation, depletion and amortization
total $8,965 · management and general $8,965
-
23 · Insurance
total $36,253 · management and general $36,253
-
24a · Other expenses: Licenses Memberships
total $17,239 · program services $9,981 · management and general $7,258
-
24b · Other expenses: Recruitment Retention
total $121,499 · program services $118,925 · management and general $2,574
-
24c · Other expenses: Program/Grant Expense
total $44,488 · program services $44,488
-
24d · Other expenses: Bad Debt Expense
total $44,568 · program services $44,568
-
24e · All other expenses
total $163,793 · program services $69,937 · management and general $93,856
Balance sheet
Part X, book values.
-
1 · Cash, non-interest-bearing
beginning of year $29,370 · end of year $3,461,258
-
2 · Savings and temporary cash investments
beginning of year $6,383,403 · end of year $2,607,485
-
3 · Pledges and grants receivable
beginning of year $626,529 · end of year $438,485
-
8 · Inventories for sale or use
end of year $4,507
-
9 · Prepaid expenses and deferred charges
beginning of year $7,462 · end of year $28,648
-
10a · Land, buildings and equipment: cost or other basis
$55,866
-
10b · Land, buildings and equipment: accumulated depreciation
$52,983
-
10c · Land, buildings and equipment, net
beginning of year $11,849 · end of year $2,883
-
15 · Other assets
beginning of year $8,588,366 · end of year $8,537,979
-
17 · Accounts payable and accrued expenses
beginning of year $159,022 · end of year $131,505
-
19 · Deferred revenue
beginning of year $238,688 · end of year $83,037
-
23 · Secured mortgages and notes payable
beginning of year $6,654,846 · end of year $5,948,555
-
25 · Other liabilities
end of year $240,000
-
27 · Net assets without donor restrictions
beginning of year $7,701,069 · end of year $7,972,129
-
28 · Net assets with donor restrictions
beginning of year $893,354 · end of year $706,019
Mission and programs · 2023
Mission
See Schedule O
-
RESIDENTIAL LENDING - FOUR DIRECTIONS DEVELOPMENT COPORATIONS RESIDENTIAL LENDING PROGRAM SEEKS TO IMPROVE THE LIVES OF ITS BORROWERS BY PROVIDING FIRST MORTGAGE LOANS FOR HOMEOWNERS/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.
Expenses $254,899
-
See Schedule O
Expenses $1,180,192
-
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 ACTIVITES INCLUDE PRE AND POST PURCHASE HOMEOWNERSHIP COUNSELING, RENTAL COUNSELING, DELINQUENCY AND PRE-FORECLOSURE COUNSELING, MONEY MANAGEMENT COACHING, CREDIT COACHING, AND HOMEBUYER EDUCATION CLASSES.
Expenses $125,944
As filed on the 2023 return.
Listed in Part VII
-
Nichole Francis
President
- Total calculated
- $0
- Hours/week
- 0.5
-
Eric Nicolar
Treasurer
- Total calculated
- $0
- Hours/week
- 0.5
-
Catherine St John
Secretary
- Total calculated
- $0
- Hours/week
- 0.5
-
Gabe Paul
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Christopher Phillips
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
John Dennis
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Martha Bentley
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jeffrey Nathan
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Laura Buxbaum
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Vicki Rusbult
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Jacob Pelkey
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Susan Hammond
Director
- Total calculated
- $0
- Hours/week
- 0.5
-
Charlene Virgilio
Executive Director
- Total calculated
- $0
- Hours/week
- 40
Compensation is as filed in Part VII: reportable pay from this organization and from related organizations, other compensation, and hours per week. The total, marked calculated, is our sum of the three dollar columns, with a blank column counted as $0; the form itself has no total. On a Form 990-EZ the columns are Part IV's instead, and on a Form 990-PF Part VIII's — compensation, contributions to benefit plans, and expense account — and the total sums those.
Grants on this return
No itemized grants to organizations on this return.
Provenance
- Return type
- form_990
- Tax year
- 2023
- Filed
- 29 April 2025
- IRS schema version
- 2023v6.0
- Source object
- 202531199349302268
Check it against the return as filed: the GivingTuesday Data Lake hosts a public copy of the original XML.
The source document this was parsed from is served over the API, which is where bulk and document access live.