Urban Juncture

Urban Juncture

Rebuilding a historic Chicago neighborhood into a Black food & culture hot spot

Rebuilding a historic Chicago neighborhood into a Black food & culture hot spot

Overview

Raised to Date: Raised: $176,829

Platform

Wefunder

Start Date

05/15/2016

Close Date

10/31/2016

Min. Goal
$25,000
Max. Goal
$350,000
Min. Investment

$100

Security Type

Debt

SEC Filing Type

RegCF    Open SEC Filing

Interest Rate

5.00%

Year Founded

2003

Industry

Real Estate & Construction

Tech Sector

Non-Tech

Location

Chicago, Illinois

Urban Juncture is raising funds on Wefunder. The company is rebuilding a historic Chicago neighborhood into a Black food and culture hot spot. Urban Juncture is developing restaurants celebrating black cuisine, launching co-working facilities, and operating a garden to attract visitors and bring residents together. The business is already operational and engaged 1,000 people per week in events and activities during the 2015 summer season. Bernard Loyd founded Urban Juncture in November 2003. The current crowdfunding campaign has a minimum target of $25,000 and a maximum target of $350,000. The campaign proceeds will be used to replace sections of flooring, replace the roofing system, support rehabilitation of the interior spaces, and develop additional culinary enterprises.

Summary Profit and Loss Statement

FY 2016 FY 2015

Revenue

$213,428

$578,653

COGS

$0

$0

Tax

$25,585

$698

 

 

Net Income

$-76,732

$260,026

Summary Balance Sheet

FY 2016 FY 2015

Cash

$6,809

$-3,286

Accounts Receivable

$0

$375

Total Assets

$4,431,580

$4,555,641

Short-Term Debt

$1,130

$15,211

Long-Term Debt

$3,634,704

$3,476,391

Total Liabilities

$3,635,834

$3,491,602

Financials as of: 05/15/2016
Create a free account today to gain access to KingsCrowd analytics.

Funding data not publicly available

Upgrade to gain access

Pay Monthly
Annually (Save 17%)

Edge

$25 /month
billed annually
Free portfolio tracking, data-driven ratings, AI analysis and reports
Plan Includes:
Everything in Free, plus
Company specific KingsCrowd ratings and analyst reports
Deal explorer and side-by-side comparison
Startup exit and failure tracking
Startup market filters and historical industry data
Advanced company search ( with ratings)
Get Edge Annual
Already a member? Log in here.
Founders: enhance your startup's credibility on KingsCrowd. Create an account to claim this raise page.

Create your first portfolio

Create your own startup investment portfolio on KingsCrowd.

Track all of your startup investments in one place using our state-of-the-art portfolio tracker tools. To begin, create your first portfolio below.

Add to portfolio
Urban Juncture on Wefunder 2017
Platform: Wefunder
Security Type: Debt

Follow company

Follow Urban Juncture on Wefunder 2017

Buy Urban Juncture's Deal Report

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

Urban Juncture Deal Report

Get KingsCrowd’s comprehensive report on Urban Juncture including:

  • How our proprietary algorithm rates their current capital raise (1-5 stars)
  • Detailed price, market, team, differentiators, performance, and risk ratings
  • Whether Urban Juncture is undervalued or overvalued
  • Scores on the founding team and key personnel's background and expertise

Buy the Urban Juncture deal report for only $10!

Email address:
Looking to buy more than one deal report? Get unlimited reports by upgrading to Edge