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ObjectId: 201942279349301299 - Submission: 2019-08-15
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.
Go to
www.irs.gov/Form990
for the latest information.
OMB No. 1545-0047
20
17
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)
30 FEDERAL STREET INVESTMENTS LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
81-3520178
FINANCING
ME
495,650
4,862,694
COASTAL ENTERPRISE INC
(2)
BRIGHT COMMUNITY CAPITAL HOLDINGS LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
82-4156609
FINANCING
ME
265
1,372,912
COASTAL ENTERPRISE INC
(3)
CEI7(A) FINANCING LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
46-5579857
FINANCING
ME
1,499,656
0
COASTAL ENTERPRISE INC
(4)
BRIGHT COMMUNITY CAPITAL LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
82-2674348
FINANCING
ME
0
34,188
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
COASTAL ENTERPRISE INC
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
COASTAL ENTERPRISE INC
Yes
(3)
GREATER PORTLAND BUILDING FUND
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
23-7155903
LOW INCOME HOUSING
ME
501(C)(3)
7
COASTAL ENTERPRISE INC
Yes
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2017
Page 2
Schedule R (Form 990) 2017
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)
BIRCH HILL LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
LOW INCOME HOUSING
ME
N/A
(2)
CEI CAPITAL MANAGEMENT
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
46-0496505
LOW INCOME HOUSING
ME
COASTAL ENTERPRISES INC
RELATED
4,712,147
9,034,598
No
Yes
99.990 %
(3)
CHOM HOUSING LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
LOW INCOME HOUSING
ME
N/A
(4)
COASTAL VENTURES II LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0538818
VENTURE CAPITAL INVESTMENT
ME
N/A
(5)
COASTAL VENTURES III LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-2795010
VENTURE CAPITAL INVESTMENT
ME
N/A
(6)
COASTAL VENTURES IV LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
47-2445874
VENTURE CAPITAL INVESTMENT
ME
N/A
(7)
COASTAL VENTURES LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0508166
VENTURE CAPITAL INVESTMENT
ME
N/A
(8)
GILMAN PLACE ASSOCIATES LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-3748816
LOW INCOME HOUSING
ME
N/A
(9)
MARKET SQUARE HOUSING LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
20-3866663
LOW INCOME HOUSING
ME
N/A
(10)
POND CIRCLE LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
LOW INCOME HOUSING
ME
N/A
(11)
RIVERSHORE PLACE HOUSING LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
LOW INCOME HOUSING
ME
N/A
(12)
CEI COMMUNITY VENTURES FUND LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0543608
LOW INCOME HOUSING
ME
N/A
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
111
179,868
100.000 %
Yes
(2)
BIRCH HILL INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-1265392
LOW INCOME HOUSING
ME
CEI
C
146,938
40,845
100.000 %
Yes
(3)
CEI COMMUNITY VENTURES INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0543607
VENTURE CAPITAL INVESTMENT
ME
CEI
C
100.000 %
Yes
(4)
CEI VENTURES INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0492380
VENTURE CAPITAL INVESTMENT
ME
CEI
C
555,484
337,655
100.000 %
Yes
(5)
COASTAL COMMUNITY HOUSING INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0546740
LOW INCOME HOUSING
ME
CEI
C
219
100.000 %
Yes
(6)
HOULTON SQUARE INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
27-1193231
LOW INCOME HOUSING
ME
CEI
C
9,615
100.000 %
Yes
(7)
POND CIRCLE INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0547370
LOW INCOME HOUSING
ME
CEI
C
58
100.000 %
Yes
(8)
RIVERSHORE INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-3748967
LOW INCOME HOUSING
ME
CEI
C
-12
25,150
100.000 %
Yes
(9)
CCML HOLDINGS INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
46-3914307
LOW INCOME HOUSING
ME
N/A
C
Yes
(10)
GILMAN PLACE INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-3748761
LOW INCOME HOUSING
ME
CEI
C
17,333
23,471
100.000 %
No
Schedule R (Form 990) 2017
Page 3
Schedule R (Form 990) 2017
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
No
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
Yes
j
Lease of facilities, equipment, or other assets to related organization(s)
.......................
1j
No
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
No
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 CAPITAL MANAGEMENT LLC
L
261,004
FMV
(2)
CEI CAPITAL MANAGEMENT LLC
A
87,714
FMV
(3)
CEI CAPITAL MANAGEMENT LLC
M
182,093
FMV
(4)
POND CIRCLE LP
D
56,209
FMV
(5)
MARKET SQUARE HOUSING LP
D
95,682
FMV
(6)
RIVERSHORE PLACE HOUSING LP
D
111,739
FMV
(7)
BC HOUSING LP
B
153,514
FMV
(8)
CEI VENTURES INC
B
269,910
FMV
(9)
COASTAL VENTURES II LLC
B
52,642
FMV
Schedule R (Form 990) 2017
Page 4
Schedule R (Form 990) 2017
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) 2017
Page 5
Schedule R (Form 990) 2017
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) 2017
Additional Data
Software ID:
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