Roseland Center

Roseland Center

Early Stage

Building Black wealth through community-owned shopping centers.

Building Black wealth through community-owned shopping centers.

Overview

Raised to Date: Raised: $50,000

Total Commitments ($USD)

Platform

Small Change

Start Date

03/14/2024

Close Date

05/09/2024

Min. Goal
$100,000
Max. Goal
$1,250,000
Min. Investment

$1,000

Security Type

Equity - Preferred

SEC Filing Type

RegCF    Open SEC Filing

Price Per Share

$1.00

Rolling Commitments ($USD)

Status

Active

Reporting Date

04/15/2024

Days Remaining

23

% of Min. Goal

50%

% of Max. Goal

4%

Likelihood of Max
unlikely
Avg. Daily Raise

$1,563

# of Investors

16

Momentum
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Year Founded

2023

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Location

Chicago, Illinois

Roseland Center is raising funds on Small Change. It is a 27,000-square-foot medical and retail center and adjacent vacant land in Chicago, Illinois. Roseland Center has been formed to acquire the property, engage Black contractors to renovate it, lease it to Black-owned businesses, and create opportunities for local community employment at the center. The aim of the business is to build Black wealth, support Black talent, and generate returns for investors. Lyneir Richardson founded Roseland Center in December 2023. The current crowdfunding campaign has a minimum target of $100,000 and a maximum target of $1.25 million. The campaign proceeds will be used to purchase and operate the Roseland Medical and Retail Center.

Summary Profit and Loss Statement

FY 2023 FY 2022

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-5,021

$0

Summary Balance Sheet

FY 2023 FY 2022

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$2,500

$0

Short-Term Debt

$7,521

$0

Long-Term Debt

$0

$0

Total Liabilities

$7,521

$0

Financials as of: 03/14/2024
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Roseland Center on Small Change 2024
Platform: Small Change
Security Type: Equity - Preferred
Price per Share: $1.00

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