Data / Crowdfunding / California / Back Porch Homes LLC
Back Porch Homes LLC: crowdfunding raise on OpenDeal Portal LLC, $100,000 to $1,070,000 (2019)
Back Porch Homes LLC, a corporation in Riverside, CA, filed a Form C with the SEC on October 15, 2019 to raise $100,000 to $1,070,000 in Crowd Safe Units of SAFE (Simple Agreement for Future Equity) through OpenDeal Portal LLC. The offering closed on December 31, 2019. In its most recent fiscal year it reported $3,088,517 in revenue and a net loss of $1,562,442, with 44 employees.
SpecStream is the live web data engine for teams and agents. It reads every Form C on SEC EDGAR each morning, and this page is that reading. Ask for your own cut (a portal, a state, a size, a revenue range) and new raises arrive in your sheet, CRM, Slack or agent as they land.
- Website
- www.backporchhomes.com
- Funding portal
- OpenDeal Portal LLC
- Address
- 3585 MAIN STREET, Riverside, CA 92501
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- October 3, 2018
- SEC CIK
- 0001785021
Offering terms
From the offering filed October 15, 2019.
- Security
- Crowd Safe Units of SAFE (Simple Agreement for Future Equity)
- Price
- $1.00
- Target
- $100,000
- Maximum
- $1,070,000
- Deadline
- December 31, 2019
- Portal compensation
- 6% of the amount raised in the Offering.
Financials
From the Form C-AR filed May 5, 2022.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $3,088,517 | $0 | sec.gov |
| Cost of goods sold | $1,367,422 | $0 | sec.gov |
| Net income | $-1,562,442 | $-602,887 | sec.gov |
| Taxes paid | $9,723 | $0 | sec.gov |
| Total assets | $1,008,043 | $687,795 | sec.gov |
| Cash | $157,476 | $64,955 | sec.gov |
| Accounts receivable | $113,985 | $0 | sec.gov |
| Short-term debt | $1,227,402 | $750,646 | sec.gov |
| Long-term debt | $2,168,834 | $475,000 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| May 5, 2022 | Annual report | Not listed | Not listed | sec.gov | ||
| August 28, 2020 | Annual report | Not listed | Not listed | sec.gov | ||
| December 9, 2019 | Progress update | $100,000 | $1,070,000 | December 31, 2019 | The offering successfully closed on December 6, 2019, having received investment commitments of $159,438, although a final accounting has not yet been completed. | sec.gov |
| October 15, 2019 | Offering | $100,000 | $1,070,000 | December 31, 2019 | sec.gov |
Updated May 5, 2022. Read from SEC EDGAR. Public domain (U.S. government work). Financials are as each company reported them in its Form C, unaudited unless the filing says otherwise. Websites are the ones the companies declared to the SEC. Free to reuse with credit to SpecStream under CC BY 4.0. Spot a wrong value? Write to [email protected] with the link to this page.