Coastal Enterprises, Opportunity Zones and How Non-Profits Affect the Social-Economic Structure

Rethinking what it means to be alive in the twenty-first century.

Toa Heftiba Unsplash

Full disclosure: I am not a tax lawyer, just a curious observer of the wealth concentration and redistribution economy, so take what I say with that in mind.

Coastal Enterprises Incorporated is a prosperous non-profit. Total current assets listed on the 2019 audit are worth 40,574,865.00 with an additional 23,218,123.00 in Land, property, and equipment, and other assets worth 68,539,013.00 making a grand total of 132,332,001.00

The largest figure in all of those assets is Loans Receivable, net of current portion worth 36,879,376.00. Coastal Enterprise is a non-profit banking organization investing debt-free non-profit funding and government grants into its for-profit subsidiaries that lend money to the small entrepreneur community targeted by CEI’s original non-profit purpose.

CEI also owns, among its for-profit subsidiaries, multiple low-income housing locations some of which are of exceptional quality structured as single housing units on their own plots of land. …