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ObjectId: 201732279349301848 - Submission: 2017-08-15
TIN: 01-0347504
SCHEDULE R
(Form 990)
Department of the Treasury
Internal Revenue Service
Related Organizations and Unrelated Partnerships
Complete if the organization answered "Yes" on Form 990, Part IV, line 33, 34, 35b, 36, or 37.
Attach to Form 990.
Information about Schedule R (Form 990) and its instructions is at
www.irs.gov/form990
.
OMB No. 1545-0047
20
15
Open to Public Inspection
Name of the organization
COASTAL ENTERPRISES INC
Employer identification number
01-0347504
Part I
Identification of Disregarded Entities
Complete if the organization answered "Yes" on Form 990, Part IV, line 33.
(a)
Name, address, and EIN (if applicable) of disregarded entity
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Total income
(e)
End-of-year assets
(f)
Direct controlling
entity
(1)
CEI SPECIALTY FINANCING LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
20-8677923
FINANCING
ME
951
851,019
COASTAL ENTERPRISE INC
(2)
CEI 7(A) FINANCING LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
46-5579857
FINANCING
ME
-687,830
2,833,749
COASTAL ENTERPRISE INC
(3)
30 FEDERAL STREET INVESTMENTS LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
81-3520178
FINANCING
ME
0
12,420
COASTAL ENTERPRISE INC
Part II
Identification of Related Tax-Exempt Organizations
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related tax-exempt organizations during the tax year.
(a)
Name, address, and EIN of related organization
(b)
Primary activity
(c)
Legal domicile (state
or foreign country)
(d)
Exempt Code section
(e)
Public charity status
(if section 501(c)(3))
(f)
Direct controlling
entity
(g)
Section 512(b)(13) controlled entity?
Yes
No
(1)
CEI HOUSING INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
22-3080013
LOW INCOME HOUSING
ME
501(C)(3)
9
CEI
Yes
(2)
WISCASSET REGIONAL DEVELOPMENT CORP
485 CHEWONKI NECK ROAD
WISCASSET
,
ME
04578
30-0220853
EMPLOYMENT OPPORTUN. IN WISCASSET AREA
ME
501(C)(3)
7
N/A
No
(3)
CEI INVESTMENT NOTES INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-1267370
FINANCING INVESTMENTS
ME
501(C)(3)
7
CEI
Yes
(4)
GREATER PORTLAND BUILDING FUND
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
23-7155903
LOW INCOME HOUSING
ME
501(C)(3)
7
CEI
Yes
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2015
Page 2
Schedule R (Form 990) 2015
Page
2
Part III
Identification of Related Organizations Taxable as a Partnership
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a partnership during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Predominant income(related, unrelated, excluded from tax under sections 512-514)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20 of
Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
(1)
22 PARK STREET LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
20-3868223
LOW INCOME HOUSING
ME
CEI HOUSING INC
RELATED
19,444
-3,685
No
No
17.000 %
(2)
81 ASH STREET ASSOCIATES
ONE COLLEGE STREET
LEWISTON
,
ME
04240
80-0431734
LOW INCOME HOUSING
ME
RELATED
-2,781
1,933,027
No
No
1.000 %
(3)
ABIERTO NETWORKS LLC
11 SANBORN LANE
ELIOT
,
ME
03903
20-2746488
INVESTMENTS
ME
RELATED
-19,064
123,261
No
No
3.460 %
(4)
BAXTER LIBRARY LP
17 SOUTH STREET UNIT 3
PORTLAND
,
ME
04101
01-0347504
LOW INCOME HOUSING
ME
RELATED
6
631,774
No
No
0.010 %
(5)
CEI CAPITAL MANAGEMENT LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
46-0496505
INVESTMENTS
ME
CEI
RELATED
2,874,485
9,310,589
No
Yes
99.990 %
(6)
CEI COMMUNITY VENTURES FUND LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0543608
VENTURE CAPITAL INVESTMENT
ME
CCVI
RELATED
-134,198
2,040,617
No
No
25.070 %
(7)
COASTAL VENTURES II LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0538818
VENTURE CAPITAL INVESTMENT
ME
CVI
RELATED
10,419
156,243
No
No
13.400 %
(8)
COASTAL VENTURES III LIMITED PARTNERSHIP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-2795010
VENTURE CAPITAL INVESTMENT
DE
CVI
RELATED
-41,725
537,567
No
No
11.840 %
(9)
COASTAL VENTURES IV LIMITED PARTNERSHIP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
47-2445874
VENTURE CAPITAL INVESTMENT
ME
RELATED
120,000
No
No
16.750 %
(10)
COASTAL VENTURES LIMITED PARTNERSHIP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0508166
VENTURE CAPITAL INVESTMENT
ME
CVI
RELATED
847,094
No
No
46.400 %
(11)
COBSCOOK BAY COMPANY
PO BOX 76
WHITING
,
ME
04691
26-3953065
LOW INCOME HOUSING
ME
RELATED
2,409
144,149
No
No
6.470 %
(12)
COLONIAL LLC
47 WAITES LANDING ROAD
OGUNQUIT
,
ME
03907
80-0791735
LOW INCOME HOUSING
ME
RELATED
981
890,431
No
No
1.000 %
(13)
FREEDOM FALLS LLC
363 BELFAST ROAD
CAMDEN
,
ME
04843
46-5307525
LOW INCOME HOUSING
ME
RELATED
-783
326,810
No
No
1.000 %
(14)
GILMAN PLACE ASSOCIATES LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-3748816
LOW INCOME HOUSING
ME
RELATED
-28
2,171,774
No
No
0.010 %
(15)
LAMB BLOCK ASSOCIATES LLC
100 COMMERCIAL ST STE 414
PORTLAND
,
ME
04101
45-5020894
LOW INCOME HOUSING
ME
RELATED
-11,581
332,729
No
No
1.000 %
(16)
MARKET SQUARE HOUSING LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
20-3866663
LOW INCOME HOUSING
ME
CEI HOUSING INC
RELATED
No
No
(17)
MAYO MILL HOLDINGS LLC
40 MORTON AVENUE SUITE A
DOVERFOXCROFT
,
ME
04426
32-0435375
LOW INCOME HOUSING
ME
RELATED
-998
2,345,992
No
No
1.000 %
(18)
NORTHERN GIRL LLC
106 PRODUCE DRIVE
VAN BUREN
,
ME
04785
27-4393977
LOW INCOME HOUSING
ME
RELATED
-6,724
10,691
No
No
3.230 %
(19)
PRESS HOTEL LLC
PO BOX 7486
PORTLAND
,
ME
04112
46-3551810
LOW INCOME HOUSING
ME
RELATED
-17,210
3,986,289
No
No
1.000 %
(20)
SANFORD MILL REDEVELOPMENT LP
17 SOUTH STREET UNIT 3
PORTLAND
,
ME
04101
32-0357542
LOW INCOME HOUSING
ME
RELATED
-1,218
2,258,530
No
No
1.000 %
Part IV
Identification of Related Organizations Taxable as a Corporation or Trust
Complete if the organization answered "Yes" on Form 990, Part IV, line 34 because it had one or more related organizations treated as a corporation or trust during the tax year.
(a)
Name, address, and EIN of
related organization
(b)
Primary activity
(c)
Legal
domicile
(state or foreign
country)
(d)
Direct controlling
entity
(e)
Type of entity
(C corp, S corp,
or trust)
(f)
Share of total income
(g)
Share of end-of-year
assets
(h)
Percentage
ownership
(i)
Section 512(b)(13) controlled entity?
Yes
No
(1)
BC HOUSING INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
41-2028826
LOW INCOME HOUSING
ME
CEI
C
-2,636
179,851
100.000 %
Yes
(2)
COASTAL COMMUNITY HOUSING INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0546740
LOW INCOME HOUSING
ME
CEI
C
-3,047
482,277
100.000 %
Yes
(3)
POND CIRCLE INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0547370
LOW INCOME HOUSING
ME
CEI
C
-2,363
24,702
100.000 %
Yes
(4)
HOULTON SQUARE INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
27-1193231
LOW INCOME HOUSING
ME
CEI
C
-2,819
8,388
100.000 %
Yes
(5)
CEI VENTURES INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0492380
VENTURE CAPITAL INVESTMENT
ME
CEI
C
-82,388
193,592
100.000 %
Yes
(6)
CEI COMMUNITY VENTURES INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0543607
VENTURE CAPITAL INVESTMENT
ME
CEI
C
-8,258
121,860
100.000 %
Yes
(7)
BIRCH HILL INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-1265392
LOW INCOME HOUSING
ME
CEI
C
-3,698
1,950
100.000 %
Yes
(8)
GILMAN PLACE INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-3748761
LOW INCOME HOUSING
ME
CEI
C
-6,440
5,925
100.000 %
Yes
(9)
RIVERSHORE INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-3748967
LOW INCOME HOUSING
ME
CEI
C
-3,960
1,088
100.000 %
Yes
Schedule R (Form 990) 2015
Page 3
Schedule R (Form 990) 2015
Page
3
Part V
Transactions With Related Organizations
Complete if the organization answered "Yes" on Form 990, Part IV, line 34, 35b, or 36.
Note.
Complete line 1 if any entity is listed in Parts II, III, or IV of this schedule.
Yes
No
1
During the tax year, did the orgranization engage in any of the following transactions with one or more related organizations listed in Parts II-IV?
a
Receipt of
(i)
interest,
(ii)
annuities,
(iii)
royalties, or
(iv)
rent from a controlled entity
.....................
1a
Yes
b
Gift, grant, or capital contribution to related organization(s)
............................
1b
Yes
c
Gift, grant, or capital contribution from related organization(s)
............................
1c
No
d
Loans or loan guarantees to or for related organization(s)
............................
1d
Yes
e
Loans or loan guarantees by related organization(s)
............................
1e
Yes
f
Dividends from related organization(s)
............................
1f
No
g
Sale of assets to related organization(s)
............................
1g
No
h
Purchase of assets from related organization(s)
............................
1h
No
i
Exchange of assets with related organization(s)
............................
1i
No
j
Lease of facilities, equipment, or other assets to related organization(s)
.......................
1j
Yes
k
Lease of facilities, equipment, or other assets from related organization(s)
......................
1k
No
l
Performance of services or membership or fundraising solicitations for related organization(s)
.....................
1l
Yes
m
Performance of services or membership or fundraising solicitations by related organization(s)
.................
1m
Yes
n
Sharing of facilities, equipment, mailing lists, or other assets with related organization(s)
...................
1n
Yes
o
Sharing of paid employees with related organization(s)
............................
1o
Yes
p
Reimbursement paid to related organization(s) for expenses
............................
1p
No
q
Reimbursement paid by related organization(s) for expenses
............................
1q
No
r
Other transfer of cash or property to related organization(s)
............................
1r
No
s
Other transfer of cash or property from related organization(s)
............................
1s
No
2
If the answer to any of the above is "Yes," see the instructions for information on who must complete this line, including covered relationships and transaction thresholds.
(a)
Name of related organization
(b)
Transaction
type (a-s)
(c)
Amount involved
(d)
Method of determining amount involved
(1)
CEI HOUSING INC
A
41,941
FMV
(2)
CEI HOUSING INC
D
1,634,133
FMV
(3)
CEI INVESTMENT NOTES INC
E
330,204
FMV
(4)
CEI INVESTMENT NOTES INC
L
62,871
FMV
(5)
COASTAL COMMUNITY HOUSING INC
D
480,640
FMV
(6)
CEI CAPITAL MANAGEMENT LLC
M
101,611
FMV
(7)
CEI CAPITAL MANAGEMENT LLC
A
75,875
FMV
(8)
CEI CAPITAL MANAGEMENT LLC
L
105,800
FMV
Schedule R (Form 990) 2015
Page 4
Schedule R (Form 990) 2015
Page
4
Part VI
Unrelated Organizations Taxable as a Partnership
Complete if the organization answered "Yes" on Form 990, Part IV, line 37.
Provide the following information for each entity taxed as a partnership through which the organization conducted more than five percent of its activities (measured by total assets or gross revenue) that was not a related organization. See instructions regarding exclusion for certain investment partnerships.
(a)
Name, address, and EIN of entity
(b)
Primary activity
(c)
Legal domicile
(state or foreign
country)
(d)
Predominant income (related, unrelated, excluded from tax under sections 512-514)
(e)
Are all partners
section
501(c)(3)
organizations?
(f)
Share of total income
(g)
Share of
end-of-year
assets
(h)
Disproprtionate allocations?
(i)
Code V-UBI
amount in box 20
of Schedule K-1
(Form 1065)
(j)
General or
managing
partner?
(k)
Percentage
ownership
Yes
No
Yes
No
Yes
No
Schedule R (Form 990) 2015
Page 5
Schedule R (Form 990) 2015
Page
5
Part VII
Supplemental Information
Provide additional information for responses to questions on Schedule R (see instructions).
Return Reference
Explanation
Schedule R (Form 990) 2015
Additional Data
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