Northern California Land Trust, Inc.
A sustainable, long-term alternative to affordable housing in California.
Overview
Raised: $29,200
Total Commitments ($USD)
Platform
Raise Green
Start Date
10/04/2023
Close Date
10/28/2023
Min. Goal
$945,000
Max. Goal
$1,300,000
Min. Investment
$100
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
5.00%
Rolling Commitments ($USD)
Status
Not Funded
Reporting Date
10/29/2023
Days Remaining
Not Funded
% of Min. Goal
Not Funded
% of Max. Goal
Not Funded
Likelihood of Max
Not Funded
Avg. Daily Raise
$1,217
Momentum
Not Funded
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Year Founded
1973
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Location
Berkeley, California
Northern California Land Trust is raising funds on Raise Green. It is a non-profit organization that provides, supports, and incubates permanently affordable housing. Northern California Land Trust has recently launched a new multifamily project, Woolsey Gardens, that aims to be the company’s first zero net energy project, providing a scalable alternative to affordable rental housing. The company also has Project 2030, which seeks to move its entire portfolio from other energy sources to electricity. Suzanne Kim founded Northern California Land Trust in November 1973. The current crowdfunding campaign has a minimum target of $945,000 and a maximum target of $1.3 million. The campaign proceeds will be used for mortgage payoff and legal fees.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$4,004,664 |
$2,052,402 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$1,901,631 |
$354,457 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$590,640 |
$494,912 |
|
Accounts Receivable |
$523,725 |
$165,027 |
|
Total Assets |
$15,624,117 |
$13,106,068 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$6,836,663 |
$6,219,378 |
|
Total Liabilities |
$6,836,663 |
$6,219,378 |
Financials as of: 10/04/2023
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