FG Communities
Early Stage
Helping Solve America's Home Affordability Crisis
Overview
Raised: $2,103,312
Total Commitments ($USD)
Platform
Equifund CFP
Start Date
05/04/2023
Close Date
04/13/2024
Min. Goal
$19,998
Max. Goal
$5,000,000
Min. Investment
$500
Security Type
Equity - Common
Series
Seed
SEC Filing Type
RegCF
Price Per Share
$2.25
Pre-Money Valuation
$26,500,000
Rolling Commitments ($USD)
Status
Active
Reporting Date
06/10/2023
Days Remaining
308
% of Min. Goal
10,518%
% of Max. Goal
42%
Likelihood of Max
Avg. Daily Raise
$56,846
Momentum
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Year Founded
2022
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2B/B2C
Margin
Medium
Capital Intensity
High
FG Communities, with a valuation of $26.5 million, is raising funds on Equifund CFP. It is a real estate company that acquires, owns, develops, operates, and manages manufactured housing communities. The business leases the manufactured homesites to tenants and rents out the manufactured homes to residents. FG Communities aims to preserve and improve affordable housing in the US. Michael Z. Anise and Kyle Cerminara founded FG Communities in July 2022. The current crowdfunding campaign has a minimum target of $19,998 and a maximum target of $5 million. The campaign proceeds will be used for the acquisition and development of manufactured housing communities and general working capital purposes.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$130,651 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$623,675 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$281,777 |
$0 |
|
Accounts Receivable |
$7,743 |
$0 |
|
Total Assets |
$15,594,760 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$8,088,977 |
$0 |
|
Total Liabilities |
$8,088,977 |
$0 |
Financials as of: 05/04/2023
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