Park Street Homes

Park Street Homes

Early Stage

Building a better Texas!

Building a better Texas!

Overview

Raised to Date: Raised: $63,232

Total Commitments ($USD)

Platform

StartEngine

Start Date

09/18/2023

Close Date

12/17/2023

Min. Goal
$15,000
Max. Goal
$1,235,000
Min. Investment

$500

Security Type

Equity - Common

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$2.00

Pre-Money Valuation

$20,000,000

Rolling Commitments ($USD)

Status

Active

Reporting Date

09/30/2023

Days Remaining

78

% of Min. Goal

422%

% of Max. Goal

5%

Likelihood of Max
unlikely
Avg. Daily Raise

$5,269

# of Investors

32

Momentum
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Year Founded

2017

Industry

Real Estate & Construction

Tech Sector

Proptech

Location

Houston, Texas

Park Street Homes, with a valuation of $20 million, is raising funds on StartEngine. It is a home-building company in Houston, Texas, that transforms spaces into affordable entry-level homes. Park Street Homes is expanding its reach through scaled production and development of affordable communities and aims to make affordable housing accessible to those who struggle with finding homes in America’s urban centers. The company generated $4 million in revenue in 2022 with its 20 custom-designed home plans and has eight development projects underway. Kevan Shelton and Ayesha Shelton founded Park Street Homes in October 2017. The current crowdfunding campaign has a minimum target of $15,000 and a maximum target of $1.24 million. The campaign proceeds will be used for land acquisition and development, company employment, and working capital.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$3,831,744

$3,477,510

COGS

$3,033,627

$2,976,469

Tax

$0

$0

 

 

Net Income

$144,375

$120,369

Summary Balance Sheet

FY 2022 FY 2021

Cash

$9,419

$4,406

Accounts Receivable

$0

$0

Total Assets

$1,273,153

$218,652

Short-Term Debt

$494,593

$164,166

Long-Term Debt

$467,131

$135,523

Total Liabilities

$961,724

$299,689

Financials as of: 09/18/2023
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Park Street Homes on StartEngine 2023
Platform: StartEngine
Security Type: Equity - Common
Valuation: $20,000,000
Price per Share: $2.00

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