Overview
Raised: $420,000
Total Commitments ($USD)
Platform
Climatize
Start Date
07/17/2023
Close Date
10/04/2023
Min. Goal
$10,000
Max. Goal
$420,000
Min. Investment
$5
Security Type
Debt
SEC Filing Type
RegCF
Interest Rate
8.00%
Rolling Commitments ($USD)
Status
Funded
Reporting Date
10/31/2023
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$5,316
# of Investors
20
Momentum
Funded
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Year Founded
2022
Industry
Energy, Power, & Natural Resources
Tech Sector
Cleantech
Location
PLYMOUTH, Massachusetts
Solar for Congregation Ahavas is raising funds on Climatize. It is a 105.6kW dc behind the meter solar project owned by Trex Solar, LLC. The project aims to provide substantial electricity bill savings of about 50% for Congregation Ahavas Achim, a synagogue in New Jersey. Solar for Congregation Ahavas was developed collaboratively by Bright Sun and Associated Energy Developers and will help to avoid more than 2,400 metric tons of carbon dioxide equivalent. Dr. Lawrence W. Chan founded Trex Solar in June 2022. The current crowdfunding campaign has a minimum target of $10,000 and a maximum target of $420,000. The campaign proceeds will be used for investment in the project, legal and accounting fees, and reserves.
Summary Profit and Loss Statement
| FY 2022 | FY 2021 | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$0 |
$0 |
| ||
| ||
|
Net Income |
$-1,520 |
$0 |
Summary Balance Sheet
| FY 2022 | FY 2021 | |
|---|---|---|
|
Cash |
$35,986 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$1,163,986 |
$0 |
|
Short-Term Debt |
$485,452 |
$0 |
|
Long-Term Debt |
$100,000 |
$0 |
|
Total Liabilities |
$585,452 |
$0 |
Financials as of: 07/17/2023
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