COASTAL ENTERPRISES INC

BRUNSWICK, ME | Cumberland County
Economic Development

Overview

COASTAL ENTERPRISES INC
01-0347504
30 FEDERAL ST
BRUNSWICK, ME 04011
Cumberland County

Mission Statement info

This nonprofit has not reported a mission statement.

CRA Category info
  • Economic Development
Nonprofit location info
  • LMI Census Tract
Awards & Certifications info
  • CDFI Organization
  • CDFI Award Recipient
  • HUD Counseling Agency
  • NMTC Recipient
Founded info
Not reported
Total Employees info
Not reported
Total Volunteers info
Not reported
Nonprofit Classification (NTEE Code) info
L21

L - Housing, Shelter

Low-Income & Subsidized Rental Housing

Organizations that develop, rehabilitate, manage and/or provide rental housing that is available to people who qualify on the basis of income, age or disability for publicly subsidized housing e.g., HUD housing or housing assistance under Section 8 of the Housing and Urban Development Act.

IRS Activity Codes info
403
Attracting new industry or retaining industry in an area
-
Not reported
-
Not reported
Standard Business Classification (NAICS Code) info
531110
Pension Funds

CRA Alignment

CRA Category info
Economic Development
Workforce development, job training, and small business or startup support.
What does it mean for a nonprofit to be CRA aligned?
Each nonprofit on Community Qualifier has been reviewed by findCRA utilizing a dual evaluation process. Nonprofits are first evaluated by our proprietary algorithm, CRANIA, and then further validated by our CRA experts. When nonprofit passes both parts of this review, we create a nonprofit profile for them on Community Qualifier. From there, a nonprofit can claim their profile and add additional information including their programs & services, counties served, targeted clients and income groups and more.
Awards & Certifications info
Community Development Financial Institution info
Date Certified info
9/17/2013
Native American CDFI info
N
Financial Institution Type info
Loan Fund
Community Development Financial Institution Award Recipient info
New Market Tax Credit Recipient info
YearAmountProgramAwardee Name
2014 $55,000,000 New Markets Tax Credit open_in_new CEI Capital Management LLC
2016 $80,000,000 New Markets Tax Credit open_in_new CEI Capital Management LLC
2021 $55,000,000 New Markets Tax Credit open_in_new CEI Capital Management LLC
2013 $1,347,000 CDFI Financial Assistance open_in_new Coastal Enterprises, Inc.
2016 $1,750,000 CDFI Financial Assistance open_in_new Coastal Enterprises, Inc.
2017 $916,905 CDFI Financial Assistance open_in_new Coastal Enterprises, Inc.
2019 $714,000 CDFI Financial Assistance open_in_new Coastal Enterprises, Inc.
2020 $600,000 CDFI Financial Assistance open_in_new Coastal Enterprises, Inc.
2021 $1,826,265 CDFI Rapid Response Program (COVID-19) open_in_new Coastal Enterprises, Inc.

Includes CDFI Fund awards granted between January 2013 and December 2023

HUD Counseling Agency info
Counseling Programs Offered info
  • Fair Housing Pre-Purchase Education
  • Financial Management/Budget Counseling
  • Home Improvement and Rehabilitation Counseling
  • Mortgage Delinquency and Default Resolution Counseling
  • Non-Delinquency Post Purchase Workshops
  • Pre-Purchase Counseling
  • Pre-Purchase Homebuyer Education Workshops
  • Predatory Lending Education Workshops
  • Rental Housing Counseling
  • Reverse Mortgage Counseling
  • Services for Homeless Counseling
Low Income Housing Tax Credit Recipient info

IRS Summary

Income
$13.6M
Revenue
$13.6M
Assets
$113.1M

IRS Business Master File Details info

As of Oct 2023
Exempt Ruling Date info
1978-10
Deductibility Status info
Deductible
Last Tax Filing info
2022
Organization Type info
Corporation
Organization Tax Filing Status info
990 (all other) or 990EZ return
Foundation Tax Filing Status info
990-PF not required by IRS
Affiliation Classification info
Independent Organization
Basis for Foundation/Public Charity Status info
Organization which receives a substantial part of its support from a governmental unit or the general public 170(b)(1)(A)(vi)

IRS Publication 78 Details info

As of Nov 2023
Verified in Publication 78 info
Yes
Deductibility Limitation info
50% (60% for cash contributions)
Organization Description info
A public charity

IRS Form 990 Returns info

Through August 2023
Tax period ending in
2022-09
Tax period ending in
2021-09
Tax period ending in
2020-09
Tax period ending in
2019-09
Tax period ending in
2018-09
Tax period ending in
2017-09
Tax period ending in
2016-09

Nonprofit Location

Physical Address info
30 FEDERAL ST
BRUNSWICK, ME 04011
Cumberland County
Area Type info
Metropolitan Statistical Area
FIPS Geocoded Address info
38860
MSA/MD info
23
State info
005
County info
0112.05
Tract info
Moderate
Income Level info
Core-Based Statistical Area info
38860 - Portland-South Portland, ME
Combined Statistical Area info
438 - Portland-Lewiston-South Portland, ME
Metropolitan Division info
Not located in an MD.
Located In info
Low- or Moderate-Income Census Tract info
Opportunity Zone info
Majority Minority Census Tract info 13.78%
FFIEC Designated Distressed Census Tract info
FFIEC Underserved Census Tract info

Market Data

Census Tract County
0112.05 Cumberland County
Population
Total Population 3,091 300,776
Total Households 1,473 125,986
Income
Median Family Income (Census*) $69,327 $80,679
Median Family Income (2023 FFIEC est.) $108,500 $101,600
Tract Income Percentage 77.04% N/A
Below Poverty Level 12.4% 7.8%
Unemployment Level 5.3% 3.5%
Housing
Total Housing Units 1,716 148,178
Total Owner-Occupied Units 27.3% 70.6%
Total Renter-Occupied Units 58.5% 29.4%
Total Vacant Units 14.2% 5.7%
* Census tract income based on 2020 American Community Survey data as reported in the 2023 FFIEC Census Flat File; County income based on 2021 American Community Survey data.
View more than 200 performance context data points for this county now.

Management

21
Total Voting Members
in Governing Body
info
21
Independent Voting Members
in Governing Body
info
Tax Filing Signatory info
Teresa Jankovic
(207) 504-5900
Principal Officer info
Elisabeth Biemann
findCRA Profile Owner
Nonprofit profile has not yet been claimed
Key Policies & Documents info
Written Conflict of Interest Policy
Written Document Retention & Destruction Policy
Written Whistleblower Policy
CEO Compensation Review Process
Written Minutes of Board Meetings
Financial Statements & Reporting info
Compiled or Reviewed by an Independent Accountant
Audited by an Independent Accountant
Included in Consolidated Financial Statements
Internal Audit Committee Review
Federal Grant Audit Required
Federal Grand Audit Performed
Organization Activities info
Provides Credit Counseling
Conducts Gaming Activities
Engages in Lobbying Activities
Engages in Political Activities
Makes Grants to Individuals
Makes Grants to Organizations

Information in this section is extracted from the nonprofit's e-filed tax return and based on answers provided by the nonprofit in their 990 e-filed for the tax period ending on 2022-09.

A hyphen (“-“) in this section indicates that the information was not required by the IRS or not reported by the nonprofit in its tax return e-filing.

This Nonprofit Profile was automatically created by findCRA based on data available from publicly available government and industry sources and our own research. This Nonprofit Profile is not currently maintained by, endorsed by, or affiliated with this nonprofit. Whenever possible, we utilize the most recent information available including information as made public by the Internal Revenue Service, U.S. Census Bureau, Federal Financial Institutions Examination Council, and more. The format and design of this Nonprofit Profile is ©findCRA. For more information about our Nonprofit Profiles, please visit help.findcra.com.