Data / Crowdfunding / California / New Way Homes, Inc.
New Way Homes, Inc.: crowdfunding raise on EquityVest, $50,000 to $5,000,000 (2024)
New Way Homes, Inc., a corporation in Santa Cruz, CA, filed a Form C with the SEC on November 18, 2024 to raise $50,000 to $5,000,000 in debt through EquityVest. The offering closed on April 15, 2025. In its most recent fiscal year it reported $622,948 in revenue and $44,761 in net income, with 2 employees.
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- Website
- www.newwayhomes.org
- Funding portal
- EquityVest
- Address
- 1040 Mystery Spot Road, Santa Cruz, CA 95065
- Legal form
- Corporation
- Jurisdiction
- CA
- Incorporated
- April 6, 2015
- SEC CIK
- 0001678404
Offering terms
From the amendment filed November 18, 2024.
- Security
- Debt
- Target
- $50,000
- Maximum
- $5,000,000
- Deadline
- April 15, 2025
- Portal compensation
- The First $250,000 = 6% $250,001 to $500,000 = 5% $500,001 to $1,000,000 = 4% Everything Over $1,000,000 =3%
Financials
From the Form C/A filed November 18, 2024.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $622,948 | $226,651 | sec.gov |
| Cost of goods sold | $0 | $0 | sec.gov |
| Net income | $44,761 | $-92,821 | sec.gov |
| Taxes paid | $11,316 | $15,639 | sec.gov |
| Total assets | $7,187,029 | $6,760,315 | sec.gov |
| Cash | $1,687,005 | $2,546,819 | sec.gov |
| Accounts receivable | $726 | $13,937 | sec.gov |
| Short-term debt | $1,160,377 | $164,158 | sec.gov |
| Long-term debt | $5,559,400 | $6,173,666 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| November 18, 2024 | Amendment | $50,000 | $5,000,000 | April 15, 2025 | New closing date is April 15, 2025. | sec.gov |
| April 18, 2024 | Amendment | $50,000 | $5,000,000 | November 21, 2024 | Deadline to reach the target offering amount is extended until 11/21/24. | sec.gov |
| December 14, 2023 | Amendment | $50,000 | $5,000,000 | April 30, 2024 | Updated financial appendix to include complete Audited Review. | sec.gov |
| November 22, 2023 | Amendment | $50,000 | $5,000,000 | April 30, 2024 | The company has updated the offering deadline to meet the minimum to the correct date of April 30, 2024. | sec.gov |
| November 20, 2023 | Offering | $50,000 | $5,000,000 | April 30, 2024 | sec.gov | |
| November 15, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| July 2, 2020 | Offering | $100,000 | $1,070,000 | October 18, 2020 | sec.gov |
Also on SpecStream
Updated November 18, 2024. 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.