New Way Homes (2025)

New Way Homes (2025)

About this raise

New Way Homes is raising funds on EquityVest. The company is focused on developing below-market-rate and affordable houses, including workforce, supportive, and other discounted and financially sustainable houses. New Way Homes achieves its target by pairing private impact investment with new development strategies and non-profit landowners and has most of its partnerships with black churches for its current and future projects. The company has completed the construction of 19 homes, with 149 more units entitled and over 300 units in the development pipeline. Sibley V. Simon founded New Way Homes in April 2015. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $5 million. The campaign proceeds will be used for marketing, general working capital, interest payments, and loans for affordable housing development.

Expand

Investment Overview

Invested this round: $452,500

Deal Terms

Total Commitments

Platform
EquityVest
Start Date
11/21/2023
Close Date
04/15/2025
Min. Goal
$50,000
Max Goal
$5,000,000
Min. Investment

$250

Security Type

Debt

Payment Schedule

Annually

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

4.25%

Company & Team

Company

Year Founded
2015
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Medium
Capital Intensity
High
Location
Santa Cruz, California
Business Type
Life Style
Company Website
Visit Website

Team

Employees
25
Prior Founder Exits?
Yes
Founder Name
Sibley Simon
Title
President

Financials

 Revenue +175% YoY
$622,948
as of FY2022
 Monthly Burn
Profitable
as of FY2022
 Cash on Hand
$1,687,005
as of FY2022

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$622,948

$226,651

COGS

$0

$0

Tax

$11,316

$15,639

 

 

Net Income

$44,761

$-92,821

Summary Balance Sheet

FY 2022 FY 2021

Cash

$1,687,005

$2,546,819

Accounts Receivable

$726

$13,937

Total Assets

$7,187,029

$6,760,315

Short-Term Debt

$1,160,377

$164,158

Long-Term Debt

$5,559,400

$6,173,666

Total Liabilities

$6,719,777

$6,337,824

Create a free account today to gain access to Kingscrowd analytics and financials.

Upgrade to gain access

Pay Monthly
Annually (2 months free)

Edge

$12.50 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific Kingscrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.

Ratings Kingscrowd Startup Rating Methodology Article

Blurred Ratings Bars Blurred Ratings Bars

Company Funding & Growth

Funding history

Total Prior Capital Raised
$0
VC Backed?
No
Close Date Platform Valuation Total Raised Security Type Status Reg Type
04/15/2025 EquityVest - $452,500 Debt Funded RegCF
04/30/2021 Wefunder - $506,656 Debt Funded RegCF
Create a free account today to gain access to Kingscrowd analytics.

Growth Charts

Revenue History

Note: Revenue data points reflect the latest of either the most recent fiscal year's financials, or updated revenues directly from the founder, at each raise's close date.

Employee History

Founders: enhance your startup's credibility on Kingscrowd. Create an account to claim this raise page.
Add to portfolio
New Way Homes on EquityVest 2023
Platform: EquityVest
Security Type: Debt

Follow company

Follow New Way Homes on EquityVest 2023

Buy New Way Homes's Deal Report

Warning: according to the close date for this deal, New Way Homes may no longer be accepting investments.

New Way Homes Deal Report

Get Kingscrowd's comprehensive report on New Way Homes including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether New Way Homes is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the New Way Homes deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge