Savers Village
Early Stage
Work-force housing designed to turn tenants into home-owners.
Overview
Raised: $42,400
Total Commitments ($USD)
Platform
Small Change
Start Date
10/20/2020
Close Date
05/01/2021
Min. Goal
$1,000
Max. Goal
$600,000
Min. Investment
$1,000
Security Type
Equity - Preferred
Series
Seed
SEC Filing Type
RegCF
/ RegD 506(c)
Price Per Share
$1.00
Rolling Commitments ($USD)
Status
Funded
Reporting Date
05/30/2021
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$221
# of Investors
29
Momentum
Funded
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Year Founded
2020
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Savers Village, a workforce housing project in Newark, NJ, is raising funds on Small Change. The project will offer affordable housing to families, in addition to giving them a pathway to financial freedom and homeownership. The landlord will deposit 10% of the rent in the tenants’ savings account each month. DS Real Estate will manage Savers Village. The proceeds of the current crowdfunding campaign, with a minimum target of $1,000 and a maximum target of $600,000, will be used to build the 39-unit project. Savers Village will not only make housing affordable but also build wealth and help transform a neighborhood.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$0 |
$0 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$0 |
$0 |
|
Short-Term Debt |
$0 |
$0 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$0 |
$0 |
Financials as of: 10/20/2020
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