2019-08-15T10:18:26-05:00 2018-09-30 221478099 COHNREZNICK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 990 2017-10-01 010347504 COASTAL ENTERPRISES INC COAS 2075045900 30 FEDERAL STREET BRUNSWICK ME 04011 ELISABETH BIEMANN CEO 2075045900 2019-08-14 1 LORI ROTHE YOKOBOSKY CPA P01273422 2122970400 2019-08-07 209.59.242.22 2019-08-14 12:50:53 ED P DA39A3EE5E6B4B0D3255BFEF95601890AFD80709 F9BA0E82A6D947CC92540FBC56E8B73643681DA5 2017 2019-02-21 02:37:17Z ELISABETH BIEMANN 30 FEDERAL STREET BRUNSWICK ME 04011 18278022 0 X WWW.CEIMAINE.ORG X 1977 ME TO HELP CREATE ECONOMICALLY AND ENVIRONMENTALLY HEALTHY COMMUNITIES IN WHICH ALL PEOPLE, ESPECIALLY THOSE WITH LOW INCOMES, CAN REACH THEIR FULL POTENTIAL. 20 20 75 80 0 0 7039321 5960253 3204666 2910596 1716806 3046126 504416 1036632 12465209 12953607 266825 91252 0 0 5707575 5706257 0 0 0 5743544 8603306 11717944 14400815 747265 -1447208 104779224 105573995 64592676 68201938 40186548 37372057 CEI INTEGRATES FINANCING, BUSINESS AND INDUSTRY EXPERTISE, AND POLICY SOLUTIONS TO HELP GROW GOOD JOBS, ENVIRONMENTALLY-SUSTAINABLE ENTERPRISES, AND SHARE PROSPERITY IN MAINE AND OTHER RURAL REGIONS. 0 0 11478958 91252 3947228 TO HELP CREATE OPPORTUNITIES FOR COMMUNITIES AND INDIVIDUALS, ESPECIALLY THOSE WITH LOW INCOMES, BY DEVELOPING AND ADMINISTERING PROGRAMS AND MOBILIZING FUNDS TO STIMULATE ECONOMIC ACTIVITY THROUGH INVESTMENT, TECHNICAL ASSISTANCE, RESEARCH AND EDUCATION PRIMARILY IN SMALL BUSINESSES, SOCIAL SERVICES, AFFORDABLE HOUSING AND COMMUNITY FACILITIES. 11478958 1 1 0 1 0 0 0 0 0 0 1 0 1 0 1 1 1 1 0 0 0 0 0 0 0 0 0 0 0 1 0 0 0 1 0 0 0 0 0 0 0 0 1 1 1 1 0 0 1 10 0 1 75 1 0 0 0 0 0 0 0 0 0 0 X 20 20 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 1 1 ME X DAVID WEDICK 2075045860 30 FEDERAL STREET BRUNSWICK ME 04011 ANGELA T BUTLER DIRECTOR 1.00 X 0 0 0 BETH MATTINGLY DIRECTOR 1.00 X 0 0 0 CATHERINE GODSCHALK DIRECTOR 1.00 X 0 0 0 CHARLES J RUDELITCH DIRECTOR 1.00 X 0 0 0 CHIP NEWELL DIRECTOR 1.00 X 0 0 0 CHRISTA VELASQUEZ CHAIR 1.00 X X 0 0 0 CORDELIA T PITMAN DIRECTOR 1.00 X 0 0 0 DAVID VAIL DIRECTOR 1.00 X 0 0 0 ERIN COOPERRIDER OUTGOING CHAIR 1.00 X X 0 0 0 GLENN CUMMINGS DIRECTOR 1.00 X 0 0 0 IAN YAFFE DIRECTOR 1.00 X 0 0 0 JOHN A MOORE OUTGOING DIRECTOR 1.00 X 0 0 0 JOHN DORRER DIRECTOR 1.00 X 0 0 0 JOSH DAVIS DIRECTOR 1.00 X 0 0 0 JUSTIN MAXSON DIRECTOR 1.00 X 0 0 0 KARIN A GREGORY DIRECTOR 1.00 X 0 0 0 KEVIN LEWIS DIRECTOR 1.00 X 0 0 0 MIRIAM L SHARK DIRECTOR 1.00 X 0 0 0 REGINA PHILLIPS DIRECTOR 1.00 X 0 0 0 SCOTT G KENNEY DIRECTOR 1.00 X 0 0 0 STEWART SMITH DIRECTOR 1.00 X 0 0 0 SUSAN HAMMOND VICE CHAIR 1.00 X X 0 0 0 DAVID WEDICK CFO 39.00 1.00 X 150919 0 39451 ELISABETH BIEMANN CEO 40.00 X 172209 0 27829 JENNIFER KANWIT ASSISTANT SECRETARY 40.00 X 38194 0 16518 KEITH BISSON PRESIDENT 39.00 1.00 X 170000 0 8500 CARLA DICKSTEIN SVP, RESEARCH & POLICY DEVELOPMENT 40.00 X 106431 0 18785 JESSE COLE SVP, INFORMATION TECHNOLOGY 40.00 X 139020 0 21749 JOHN EGAN SVP, LENDING OFFICER 40.00 X 102664 0 34465 879437 0 167297 6 0 1 0 MACDONALD PAGE & CO LLC VMAC050 30 LONG CREEK S PORTLAND ME 04106 AUDIT & TAX SERVICES 132984 COHNREZNIK LLP 1301 AVENUE OF THE AMERICAS NEW YORK NY 10019 AUDIT & TAX SERVICES 101400 2 4314537 1645716 5960253 INTEREST ON LOANS 900099 2511595 2511595 FEE INCOME 900099 399001 399001 2910596 125693 125693 186689 0 186689 186689 186689 8244848 5324415 2920433 2920433 2920433 BAD DEBT RECOVERY 900099 370281 370281 MANAGEMENT FEES 900099 367589 367589 ANNUAL MEETING INCOME 900099 59361 59361 52712 52712 849943 12953607 3947228 0 3046126 91252 91252 649023 438929 210094 4080387 2767545 1312842 153421 101258 52163 823426 543461 279965 184767 116699 68068 134317 30166 104151 22899 22899 1161659 869800 291859 94595 75721 18874 165985 112325 53660 202010 142693 59317 220138 147260 72878 143735 116532 27203 79992 62237 17755 2106440 2042036 64404 414976 274405 140571 119159 75183 43976 PROVISION FOR LOAN LOSS 3124166 3124166 OTHER DIRECT COST - LEN 105396 105396 OPERATING AND MAINTENAN 80230 52952 27278 STAFF DEVELOPMENT 40680 31651 9029 202162 157291 44871 14400815 11478958 2921857 0 830440 929435 17144845 24886012 448892 341486 19421396 22635083 41593154 38187902 97035 150275 10263116 1972008 8819255 8291108 15362040 10095290 1000000 62167 57404 104779224 105573995 1915033 934214 921431 328481 254259 246712 54300789 58722592 7201164 7969939 64592676 68201938 X 34779100 30941527 2211261 2075784 3196187 4354746 40186548 37372057 104779224 105573995 X -1447208 223104 -1590387 X X 0 1 X 1 1 1 X 1599567 2709241 1763586 7039321 5960253 19071968 1599567 2709241 1763586 7039321 5960253 19071968 551482 18520486 128650 120900 289071 230499 312382 1081502 358993 255201 173939 361799 849943 1999875 22153345 31551738 0.83600 0.78370 X SCHEDULE A, PART II, LINE 10, EXPLANATION OF OTHER INCOME: ANNUAL MEETING - 2013 AMOUNT: $ 45,232. 2014 AMOUNT: $ 49,614. 2015 AMOUNT: $ 98,596. 2017 AMOUNT: $ 59,361. BAD DEBT RECOVERY - 2013 AMOUNT: $ 170,040. 2014 AMOUNT: $ 133,485. 2015 AMOUNT: $ 75,343. 2016 AMOUNT: $ 313,485. 2017 AMOUNT: $ 370,281. WORKSHOP INCOME - 2016 AMOUNT: $ 24,913. 2017 AMOUNT: $ 22,024. MISCELLANEOUS INCOME - 2013 AMOUNT: $ 143,721. 2014 AMOUNT: $ 72,102. 2016 AMOUNT: $ 23,401. 2017 AMOUNT: $ 30,688. MANAGEMENT FEES - 2017 AMOUNT: $ 367,589. 22899 22899 11456059 11478958 723948 180987 0 0 623432 697513 590346 723948 2635239 3952859 31523 27493 30569 22899 112484 155858 174378 147587 180987 658810 988215 755146 755146 8011657 830426 7181231 1486817 1141582 345235 9496 9496 8291108 INVESTMENTS - PROGRAM RELATED 10095290 C 10095290 SECURITY DEPOSITS 8347 SUBORDINATED DEBT 7891425 DUE TO RELATED PARTY 70167 7969939 X 20587974 -223104 106639 7750832 7634367 12953607 0 12953607 20657290 106639 6149836 6256475 14400815 0 14400815 PART X, LINE 2: THE CORPORATION MAY RECOGNIZE THE TAX BENEFIT FROM AN UNCERTAIN TAX POSITION ONLY IF IT IS MORE LIKELY THAN NOT THAT THE TAX POSITION WILL BE SUSTAINED ON EXAMINATION BY TAXING AUTHORITIES BASED ON THE TECHNICAL MERITS OF THE POSITION. TAX POSITION INCLUDE THE TAX-EXEMPT STATUS OF THE CORPORATION, AMONG OTHERS. THERE ARE NO UNCERTAIN TAX POSITIONS IDENTIFIED OR RECORDED AS LIABILITIES FOR THE YEAR ENDED SEPTEMBER 30, 2018. PART XI, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATIONS REVENUES 8,850,535. INTERCOMPANY ELIMINATIONS -1,099,703. PART XII, LINE 2D - OTHER ADJUSTMENTS: RELATED ORGANIZATIONS EXPENSES 8,650,611. INTERCOMPANY ELIMINATIONS -2,500,775. X X X 0 0 0 0 0 0 0 1 0 DAVID WEDICK CFO 150769 0 0 0 150 0 8194 0 31257 0 190370 0 0 0 ELISABETH BIEMANN CEO 171613 0 0 0 596 0 6231 0 21598 0 200038 0 0 0 KEITH BISSON PRESIDENT 169697 0 0 0 303 0 8500 0 0 0 178500 0 0 0 JESSE COLE SVP, INFORMATION TECHNOLOGY 119235 0 19500 0 285 0 6782 0 14967 0 160769 0 0 0 PART I, LINE 7 THE AMOUNT INCLUDED ON PART II, B(II), REPRESENTS BONUSES THAT WERE APPROVED BY THE BOARD. THE AMOUNT WAS INCLUDED IN THE INDIVIDUAL'S W-2. ELISABETH BIEMANN OFFICER FOR CEI TO ONLEND X 15000 16766 0 1 1 ELISABETH BIEMANN OFFICER FOR CEI TO ONLEND X 5000 5336 0 1 1 CHIP NEWELL BOARD MEMBER FOR CEI TO ONLEND X 30000 36965 0 1 1 MARK MILLAR FORMER BOARD MEMBER FOR CEI TO ONLEND X 30000 34887 0 1 1 MARK MILLAR FORMER BOARD MEMBER FOR CEI TO ONLEND X 30000 30753 0 1 1 ELLEN SEIDMAN FORMER BOARD MEMBER FOR CEI TO ONLEND X 15000 15000 0 1 1 DAVID VAIL BOARD MEMBER FOR CEI TO ONLEND X 10000 11641 0 1 1 DAVID VAIL BOARD MEMBER FOR CEI TO ONLEND X 10000 10938 0 1 1 RON PHILLIPS FORMER BOARD MEMBER FOR CEI TO ONLEND X 25000 10505 0 1 1 MIKE FINNEGAN FORMER OFFICER FOR CEI TO ONLEND X 10000 11905 0 1 1 ELLEN GOLDEN FORMER OFFICER FOR CEI TO ONLEND X 30000 34055 0 1 1 SUE INCHES FORMER BOARD MEMBER FOR CEI TO ONLEND X 10000 11499 0 1 1 KARIN GREGORY BOARD MEMBER FOR CEI TO ONLEND X 5000 5644 0 1 1 IAN YAFFE BOARD MEMBER FOR CEI TO ONLEND X 5000 5386 0 1 1 ANNE TARA FORMER BOARD MEMBER FOR CEI TO ONLEND X 5000 5432 0 0 0 246712 FORM 990, PART VI, SECTION B, LINE 11B CEI'S FORM 990 IS THOROUGHLY REVIEWED BY THE DIRECTOR OF FINANCE AND THE CHIEF FINANCIAL OFFICER. THE RETURN IS THEN PRESENTED TO THE AUDIT COMMITTEE OF THE BOARD OF DIRECTORS BY THE CHIEF FINANCIAL OFFICER. THE COMMITTEE REVIEWS AND DISCUSSES THE FOR 990 AND RELATED SCHEDULES. UPON SATISFACTORY COMPLETION OF THE COMMITTEE'S REVIEW, A RESOLUTION IS PASSED AUTHORIZING THE PRESIDENT TO SIGN THE FORM 8879-EO. A FINAL DRAFT IS MADE AVAILABLE TO THE BOARD BEFORE FILING. FORM 990, PART VI, SECTION B, LINE 12C THE DIRECTORS ARE REQUIRED TO SIGN AN ANNUAL STATEMENT DISCLOSING ANY CONFLICT OF INTEREST. FORM 990, PART VI, SECTION B, LINE 15 THE CEO'S COMPENSATION IS SET BY THE BOARD OF DIRECTORS. THE BOARD ALSO APPROVES THE ANNUAL BUDGET, WHICH INCLUDES THE STAFF COMPENSATION BUDGET. IN 2014, CEI ENGAGED AN INDEPENDENT HR CONSULTANT TO PERFORM A COMPANY-WIDE COMPENSATION PROGRAM ANALYSIS. THE CONSULTANT PERFORMED A COMPREHENSIVE REVIEW AND ANALYSIS OF ALL JOB DESCRIPTIONS WITH INPUT FROM THE DEPARTMENT MANAGERS. THE CONSULTANT ALSO CONDUCTED AN EXTERNAL MARKET SURVEY OF COMPARABLE POSITIONS IN THE REGION. USING BOTH THE INTERNAL SALARY INFORMATION AND JOB DESCRIPTION ANALYSES COUPLED EXTERNAL MARKET DATA, THE CONSULTANT HELPED TO DEVELOP POSITION GRADES AND UPDATE SALARY RANGES FOR THE ORGANIZATION. THE FINDINGS AND RECOMMENDED UPDATES TO THE COMPENSATION PROGRAM WERE PRESENTED BY THE HR CONSULTANT TO THE MANAGEMENT TEAM AND BOARD OF DIRECTORS. FORM 990, PART VI, SECTION C, LINE 19 THE ANNUAL REPORT IS AVAILABLE ON OUR WEBSITE WE DO NOT CURRENTLY MAKE OUR GOVERNING DOCUMENTS OR CONFLICT OF INTEREST POLICY AVAILABLE TO THE PUBLIC. FORM 990, PART XI, LINE 9: TRANSFER OF NET ASSETS 1,319,992. EQUITY TRANSFERS TO 30 FEDERAL STREET INVESTMENT LLC -814,536. EQUITY TRANSFERS TO CEI 7(A) FINANCING LLC -649,254. EQUITY TRANSFERS TO BRIGHT COMMUNITY LOAN FUND I LLC -137,702. EQUITY TRANSFERS TO BRIGHT COMMUNITY CAPITAL HOLDINGS LLC -1,308,887. FORM 990, PART XII, LINE 2C THE ORGANIZATION HAS A COMMITTEE RESPONSIBLE FOR THE OVERSIGHT OF THE AUDIT AS WELL AS THE SELECTION OF THE INDEPENDENT ACCOUNTANT. FORM 990, PART XI, LINE 9 EQUITY CONTRIBUTION TO CEI 7(A) FINANCING LLC 300,000 EQUITY CONTRIBUTION TO 30 FEDERAL STREET INVESTMENTS LLC 10,000 30 FEDERAL STREET INVESTMENTS LLC 30 FEDERAL STREET BRUNSWICK ME 04011 813520178 FINANCING ME 495650 4862694 COASTAL ENTERPRISE INC BRIGHT COMMUNITY CAPITAL HOLDINGS LLC 30 FEDERAL STREET BRUNSWICK ME 04011 824156609 FINANCING ME 265 1372912 COASTAL ENTERPRISE INC CEI7(A) FINANCING LLC 30 FEDERAL STREET BRUNSWICK ME 04011 465579857 FINANCING ME 1499656 0 COASTAL ENTERPRISE INC BRIGHT COMMUNITY CAPITAL LLC 30 FEDERAL STREET BRUNSWICK ME 04011 822674348 FINANCING ME 0 34188 COASTAL ENTERPRISE INC CEI HOUSING INC 30 FEDERAL STREET BRUNSWICK ME 04011 223080013 LOW INCOME HOUSING ME 501(C)(3) 9 COASTAL ENTERPRISE INC 1 WISCASSET REGIONAL DEVELOPMENT CORP 485 CHEWONKI NECK ROAD WISCASSET ME 04578 300220853 EMPLOYMENT OPPORTUN IN WISCASSET AREA ME 501(C)(3) 7 COASTAL ENTERPRISE INC 1 GREATER PORTLAND BUILDING FUND 30 FEDERAL STREET BRUNSWICK ME 04011 237155903 LOW INCOME HOUSING ME 501(C)(3) 7 COASTAL ENTERPRISE INC 1 BIRCH HILL LP 30 FEDERAL STREET BRUNSWICK ME 04011 LOW INCOME HOUSING ME N/A CEI CAPITAL MANAGEMENT 30 FEDERAL STREET BRUNSWICK ME 04011 460496505 LOW INCOME HOUSING ME COASTAL ENTERPRISES INC RELATED 4712147 9034598 0 1 0.99990 CHOM HOUSING LP 30 FEDERAL STREET BRUNSWICK ME 04011 LOW INCOME HOUSING ME N/A COASTAL VENTURES II LLC 30 FEDERAL STREET BRUNSWICK ME 04011 010538818 VENTURE CAPITAL INVESTMENT ME N/A COASTAL VENTURES III LP 30 FEDERAL STREET BRUNSWICK ME 04011 262795010 VENTURE CAPITAL INVESTMENT ME N/A COASTAL VENTURES IV LP 30 FEDERAL STREET BRUNSWICK ME 04011 472445874 VENTURE CAPITAL INVESTMENT ME N/A COASTAL VENTURES LP 30 FEDERAL STREET BRUNSWICK ME 04011 010508166 VENTURE CAPITAL INVESTMENT ME N/A GILMAN PLACE ASSOCIATES LP 30 FEDERAL STREET BRUNSWICK ME 04011 263748816 LOW INCOME HOUSING ME N/A MARKET SQUARE HOUSING LP 30 FEDERAL STREET BRUNSWICK ME 04011 203866663 LOW INCOME HOUSING ME N/A POND CIRCLE LP 30 FEDERAL STREET BRUNSWICK ME 04011 LOW INCOME HOUSING ME N/A RIVERSHORE PLACE HOUSING LP 30 FEDERAL STREET BRUNSWICK ME 04011 LOW INCOME HOUSING ME N/A CEI COMMUNITY VENTURES FUND LLC 30 FEDERAL STREET BRUNSWICK ME 04011 010543608 LOW INCOME HOUSING ME N/A BC HOUSING INC 30 FEDERAL STREET BRUNSWICK ME 04011 412028826 LOW INCOME HOUSING ME CEI C 111 179868 1.00000 1 BIRCH HILL INC 30 FEDERAL STREET BRUNSWICK ME 04011 261265392 LOW INCOME HOUSING ME CEI C 146938 40845 1.00000 1 CEI COMMUNITY VENTURES INC 30 FEDERAL STREET BRUNSWICK ME 04011 010543607 VENTURE CAPITAL INVESTMENT ME CEI C 1.00000 1 CEI VENTURES INC 30 FEDERAL STREET BRUNSWICK ME 04011 010492380 VENTURE CAPITAL INVESTMENT ME CEI C 555484 337655 1.00000 1 COASTAL COMMUNITY HOUSING INC 30 FEDERAL STREET BRUNSWICK ME 04011 010546740 LOW INCOME HOUSING ME CEI C 219 1.00000 1 HOULTON SQUARE INC 30 FEDERAL STREET BRUNSWICK ME 04011 271193231 LOW INCOME HOUSING ME CEI C 9615 1.00000 1 POND CIRCLE INC 30 FEDERAL STREET BRUNSWICK ME 04011 010547370 LOW INCOME HOUSING ME CEI C 58 1.00000 1 RIVERSHORE INC 30 FEDERAL STREET BRUNSWICK ME 04011 263748967 LOW INCOME HOUSING ME CEI C -12 25150 1.00000 1 CCML HOLDINGS INC 30 FEDERAL STREET BRUNSWICK ME 04011 463914307 LOW INCOME HOUSING ME N/A C 1 GILMAN PLACE INC 30 FEDERAL STREET BRUNSWICK ME 04011 263748761 LOW INCOME HOUSING ME CEI C 17333 23471 1.00000 0 1 1 0 1 0 0 0 0 1 0 0 1 1 1 0 0 0 0 0 CEI CAPITAL MANAGEMENT LLC L 261004 FMV CEI CAPITAL MANAGEMENT LLC A 87714 FMV CEI CAPITAL MANAGEMENT LLC M 182093 FMV POND CIRCLE LP D 56209 FMV MARKET SQUARE HOUSING LP D 95682 FMV RIVERSHORE PLACE HOUSING LP D 111739 FMV BC HOUSING LP B 153514 FMV CEI VENTURES INC B 269910 FMV COASTAL VENTURES II LLC B 52642 FMV