Savers Village

Savers Village

Closed: Apr. 2021

About this raise

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.

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Investment Overview

Invested this round: $42,400

Deal Terms

Total Commitments

Platform
Small Change
Start Date
10/21/2020
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)    Open SEC Filing

Price Per Share

$1.00

Company & Team

Company

Year Founded
2020
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Location
East Orange, New Jersey
Business Type
Life Style
Company Website
Visit Website

Team

Employees
1
Prior Founder Exits?
No
Founder Name
Darryl Scipio
Title
Manager

Financials

 Revenue
$0
 Cash on Hand
$0

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

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Company Funding & Growth

Funding history

Close Date Platform Valuation Total Raised Security Type Status Reg Type
05/01/2021 Small Change - $42,400 Equity - Preferred Funded RegCF / RegD 506(c)
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Add to portfolio
Savers Village on Small Change
Platform: Small Change
Security Type: Equity - Preferred
Price per Share: $1.00

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Warning: according to the close date for this deal, Savers Village may no longer be accepting investments.

Savers Village Deal Report

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