Union House
Early Stage
Beautiful. Modern. Practical.
Overview
Raised: $308,500
Total Commitments ($USD)
Platform
Vicinity
Start Date
06/09/2022
Close Date
08/31/2022
Min. Goal
$300,000
Max. Goal
$1,070,000
Min. Investment
$500
Security Type
Equity - Common
Series
Pre-Seed
SEC Filing Type
RegCF
Price Per Share
$100.00
Pre-Money Valuation
$300,000
Rolling Commitments ($USD)
Status
Funded
Reporting Date
09/03/2022
Days Remaining
Funded
% of Min. Goal
Funded
% of Max. Goal
Funded
Likelihood of Max
Funded
Avg. Daily Raise
$3,762
Momentum
Funded
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Year Founded
2017
Industry
Real Estate & Construction
Tech Sector
Non-Tech
Distribution Model
B2C
Margin
Low
Capital Intensity
High
Union House is raising funds on Vicinity. The company is building single-family homes for communal living in Greenville, South Carolina. The business is reimagining affordable housing and creating convenient co-living with a modern touch. The homes at Union House will have fully furnished living spaces and a shared outdoor area, and rent will include utilities, high-speed internet, and weekly cleanings. Matt McPheely founded Union House in January 2017. The current crowdfunding campaign has a minimum target of $300,000 and a maximum target of $1,070,000. The campaign proceeds will be used for the construction of the houses, F&E, and debt reduction.
Summary Profit and Loss Statement
| Most Recent Year | Prior Year | |
|---|---|---|
|
Revenue |
$0 |
$0 |
|
COGS |
$0 |
$0 |
|
Tax |
$6,507 |
$5,929 |
| ||
| ||
|
Net Income |
$-42,039 |
$-25,077 |
Summary Balance Sheet
| Most Recent Year | Prior Year | |
|---|---|---|
|
Cash |
$0 |
$0 |
|
Accounts Receivable |
$0 |
$0 |
|
Total Assets |
$480,348 |
$435,348 |
|
Short-Term Debt |
$336,870 |
$332,000 |
|
Long-Term Debt |
$0 |
$0 |
|
Total Liabilities |
$336,870 |
$332,000 |
Financials as of: 06/09/2022
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