Edmondson Village
Early Stage
Building Black wealth through community-owned shopping centers.
Overview
Raised: $459,500
Total Commitments ($USD)
Platform
Small Change
Start Date
02/06/2023
Close Date
04/30/2023
Min. Goal
$100,000
Max. Goal
$980,000
Min. Investment
$1,000
Security Type
Equity - Preferred
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Funded
Reporting Date
04/30/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$5,604
# of Investors
203
Momentum
Funded
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Year Founded
2022
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2B
Margin
Medium
Capital Intensity
High
Edmondson Village is raising funds on Small Change. The Chicago TREND Corporation aims to acquire a shopping center in Baltimore, Maryland, named Edmondson Village Shopping Center. It will also help the Black community build wealth by allowing them to invest in the project, engaging them as contractors for the project, and leasing to Black-owned businesses. Edmondson Village is located at a strategic location but requires renovation and modernization. Lyneir Richardson and Robert Weissbourd founded The Chicago TREND Corporation. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $980,000. The campaign proceeds will be used to purchase and operate the Edmondson Village Shopping Center.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$180 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 02/06/2023
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