Update:
So, just for the sake of trying, I just installed the lazarus svn version 0.9.31. Went back and tried to build the project under lazarus and this time I was provided with a different error (posted below):
/usr/lib64/lazarus/packager/registration/lazaruspackageintf.pas(110) Error: Assembler arm-linux-as not found, switching to external assembling
/usr/lib64/lazarus/packager/registration/lazaruspackageintf.pas(110) Fatal: There were 1 errors compiling module, stopping
So, now I believe that I am down to just pointing the compiler in the right direction, does this sound correct? If so, can you please help with this?