efile Public Visual Render
ObjectId: 202322279349304262 - Submission: 2023-08-15
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 instructions and the latest information.
OMB No. 1545-0047
20
21
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
COMMUNITY DEVELOPMENT
ME
799,514
20,541,476
COASTAL ENTERPRISES INC
(2)
CEI FUND CAPITAL LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
84-2671059
COMMUNITY DEVELOPMENT
ME
-354,857
218,371
COASTAL ENTERPRISES 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)
LINE 10
COASTAL ENTERPRISES 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)
LINE 7
COASTAL ENTERPRISES INC
Yes
For Paperwork Reduction Act Notice, see the Instructions for Form 990.
Cat. No. 50135Y
Schedule R (Form 990) 2021
Page 2
Schedule R (Form 990) 2021
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)
BC HOUSING LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
HOUSING
ME
N/A
No
No
(2)
BRIGHT COMMUNITY CAPITAL HOLDINGS LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
82-4156609
COMMUNITY DEVELOPMENT
ME
N/A
No
No
(3)
CEI CAPITAL MANAGEMENT LLC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
46-0496505
COMMUNITY DEVELOPMENT
ME
COASTAL ENTERPRISES INC
RELATED
223,976
8,966,654
No
Yes
99.990 %
(4)
CHOM HOUSING LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
HOUSING
ME
N/A
No
No
(5)
COASTAL VENTURES III LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-2795010
VENTURE CAPITAL INVESTMENT
ME
N/A
No
No
(6)
COASTAL VENTURES IV LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
47-2445874
VENTURE CAPITAL INVESTMENT
ME
N/A
No
No
(7)
COASTAL VENTURES V LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
VENTURE CAPITAL INVESTMENT
ME
N/A
No
No
(8)
POND CIRCLE LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
HOUSING
ME
N/A
No
No
(9)
RIVERSHORE PLACE HOUSING LP
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
HOUSING
ME
N/A
No
No
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
HOUSING
ME
COASTAL ENTERPRISES INC
C
30,705
100.000 %
No
(2)
CEI VENTURES INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0492380
VENTURE CAPITAL INVESTMENT
ME
COASTAL ENTERPRISES INC
C
100.000 %
No
(3)
COASTAL COMMUNITY HOUSING INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0546740
HOUSING
ME
COASTAL ENTERPRISES INC
C
-470,596
100.000 %
No
(4)
POND CIRCLE INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
01-0547370
HOUSING
ME
COASTAL ENTERPRISES INC
C
29,968
100.000 %
No
(5)
RIVERSHORE INC
30 FEDERAL STREET
BRUNSWICK
,
ME
04011
26-3748967
HOUSING
ME
COASTAL ENTERPRISES INC
C
16
100.000 %
No
Schedule R (Form 990) 2021
Page 3
Schedule R (Form 990) 2021
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
No
b
Gift, grant, or capital contribution to related organization(s)
............................
1b
Yes
c
Gift, grant, or capital contribution from related organization(s)
............................
1c
Yes
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
No
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
No
m
Performance of services or membership or fundraising solicitations by related organization(s)
.................
1m
No
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
C
646,833
CASH TRANSFERRED TO/FROM
(2)
CEI CAPITAL MANAGEMENT LLC
M
605,448
INTERCOMPANY SHARED SERVICE EXPEN
Schedule R (Form 990) 2021
Page 4
Schedule R (Form 990) 2021
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) 2021
Page 5
Schedule R (Form 990) 2021
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) 2021
Additional Data
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