El Centro Home

El Centro Home

Closed: Sep. 2024

About this raise

El Centro Home is raising funds on Small Change. It is a formerly vacant warehouse located at 3360 Frankford Avenue, Philadelphia, Pennsylvania, being remodeled into El Centre de Estudiantes Big Picture Philadelphia School. El Centro Home will function as the space for the school to improve job readiness skills and provide workforce training for their students. The first phase of construction of El Centro Home has already commenced and is expected to be completed in 2023. Joseph Brian Murphy founded El Centro Home in January 2022. The company is doing a side-by-side offering with a Reg CF raise open to everyone and a Reg D 506(c) raise open to accredited investors only. The current crowdfunding campaign has a minimum Reg CF target of $2,500, a maximum Reg CF target of $124,000, and a maximum 506(c) target of $2.4 million. The company will stop raising when it reaches the maximum target amount in both offerings combined or maximum target of just the Reg D offering. The campaign proceeds will be used for the cost of construction.

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Investment Overview

Invested this round: $25,300

Deal Terms

Total Commitments

Platform
Small Change
Start Date
08/24/2023
Close Date
09/23/2024
Min. Goal
$2,500
Max Goal
$124,000
Min. Investment

$100

Security Type

Equity - Preferred

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Pre-Money Valuation

$2,400,000

Company & Team

Company

Year Founded
2022
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Philadelphia, Pennsylvania
Business Type
Growth
Company Website
Visit Website

Team

Employees
2
Prior Founder Exits?
No
Founder Name
Brian Murray
Title
Developer
Founder Name
Alex Robles
Title
Developer

Financials

as of Fiscal Year 2023
 Revenue
$0
 Cash on Hand
$599,700

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$7,338

$7,338

 

 

Net Income

$0

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$599,700

$5,839

Accounts Receivable

$0

$0

Total Assets

$66,979,781

$1,626,235

Short-Term Debt

$1,533,060

$93,420

Long-Term Debt

$4,453,328

$1,147,920

Total Liabilities

$5,986,388

$1,241,340

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Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
09/23/2024 Small Change $2,400,000 $25,300 Equity - Preferred Funded RegCF
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Add to portfolio
El Centro Home on Small Change 2023
Platform: Small Change
Security Type: Equity - Preferred
Valuation: $2,400,000
Price per Share: $1.00

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Follow El Centro Home on Small Change 2023

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Warning: according to the close date for this deal, El Centro Home may no longer be accepting investments.

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