BIPOC Homeownership

Growth Stage

Permanently affordable. Advancing BIPOC cooperatives In San Francisco.

Analytics

Raised to Date: Raised: $35,500

Aggregate Commitments $

Platform

Small Change

Start Date

09/01/2021

Close Date

12/15/2021

Min. Goal

$100,000

Max. Goal

$600,000

Min. Investment

$1,000

Security Type

Debt

Funding Type

RegCF

Series

Pre-Seed

Rolling Commitments $

Status

Active

Reporting Date

12/05/2021

Days Remaining

10

% of Min. Goal

36%

% of Max. Goal

6%

Likelihood of Max
unlikely
Avg. Daily Raise

$374

Momentum
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Location

San Francisco, California

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Business Type

Life Style

BIPOC Homeownership is raising funds on Small Change. San Francisco Community Land Trust is acquiring a project at 285 Turk Street with 40 units of affordable housing at the location. The company will acquire, rehabilitate, and manage the residential apartments and expects to generate high returns. BIPOC Homeownership is owned by the San San Francisco Community Land Trust. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $600,000. The campaign proceeds will be used for the acquisition, development, and rehabilitation of the project.

Summary Profit and Loss Statement

Most Recent Year Prior Year

Revenue

$2,015,667

$1,851,052

COGS

$2,403,914

$2,293,649

Tax

$0

$0

 

 

Net Income

$-388,247

$-442,597

Summary Balance Sheet

Most Recent Year Prior Year

Cash

$344,722

$168,588

Accounts Receivable

$297,160

$172,281

Total Assets

$34,633,295

$34,341,470

Short-Term Debt

$415,243

$421,753

Long-Term Debt

$34,885,475

$34,382,656

Total Liabilities

$35,300,718

$34,804,409

Financials as of: 09/01/2021
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BIPOC Homeownership on Small Change 2021
$
Platform: Small Change
Security Type: Debt

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