Roseland Center
Early Stage
Building Black wealth through community-owned shopping centers.
Overview
Raised: $103,000
Total Commitments ($USD)
Platform
Small Change
Start Date
03/14/2024
Close Date
05/10/2024
Min. Goal
$100,000
Max. Goal
$1,250,000
Min. Investment
$1,000
Security Type
Equity - Preferred
SEC Filing Type
RegCF
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Active
Reporting Date
05/04/2024
Days Remaining
5
% of Min. Goal
103%
% of Max. Goal
8%
Likelihood of Max
Avg. Daily Raise
$2,020
# of Investors
37
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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