Stride Development

Stride Development

Housing as a Platform: Healthy, Affordable, Community-Focused, Future-Proof

Housing as a Platform: Healthy, Affordable, Community-Focused, Future-Proof

Overview

Raised to Date: Raised: $90,135

Total Commitments ($USD)

Platform

Wefunder

Start Date

12/21/2023

Close Date

04/22/2024

Min. Goal
$50,000
Max. Goal
$950,000
Min. Investment

$100

Security Type

Revenue Share

Series

Pre-Seed

SEC Filing Type

RegCF    Open SEC Filing

Return Multiple

2.00X

Profit Share %

2.00%

Rolling Commitments ($USD)

Status
Funded
Reporting Date

04/29/2024

Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise

$739

# of Investors

44

Momentum
Funded
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Year Founded

2022

Industry

Real Estate & Construction

Tech Sector

Proptech

Distribution Model

B2C

Margin

Medium

Capital Intensity

High

Location

Saint Paul, Minnesota

Business Type

Growth

Stride Development is raising funds on Wefunder. The company builds housing using innovative designs and construction methods. Stride Development lowers utility costs and reduces carbon emissions to improve residents’ health and create safe spaces. The buildings of Stride Development are affordable, future- and inflation-proof, and lower energy use and bills by 90%. Tyrone Grandstrand founded Stride Development in August 2022. The current crowdfunding campaign has a minimum target of $50,000 and a maximum target of $950,000. The campaign proceeds will be used for affordable housing application fees and requirements, architect and design expenses, and land purchase costs.

Summary Profit and Loss Statement

FY 2022 FY 2021

Revenue

$0

$0

COGS

$0

$0

Tax

$0

$0

 

 

Net Income

$-39,325

$0

Summary Balance Sheet

FY 2022 FY 2021

Cash

$0

$0

Accounts Receivable

$0

$0

Total Assets

$0

$0

Short-Term Debt

$600

$0

Long-Term Debt

$38,725

$0

Total Liabilities

$39,325

$0

Financials as of: 12/21/2023
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Stride Development on Wefunder 2023
Platform: Wefunder
Security Type: Revenue Share

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