Data / Crowdfunding / Michigan / Renovare Development, LLC
Renovare Development, LLC: crowdfunding raise on NSSC Funding Portal, LLC, $75,000 to $250,000 (2022)
Renovare Development, LLC, a limited liability company in Detroit, MI, filed a Form C with the SEC on May 31, 2022 to raise $75,000 to $250,000 in debt through NSSC Funding Portal, LLC. The offering closed on September 15, 2022. In its most recent fiscal year it reported $95,000 in revenue and a net loss of $206,920, with 4 employees.
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- Website
- www.renovaredevelopment.com
- Funding portal
- NSSC Funding Portal, LLC
- Address
- 42 WATSON STREET SUITE B, Detroit, MI 48201
- Legal form
- Limited Liability Company
- Jurisdiction
- MI
- Incorporated
- August 9, 2018
- SEC CIK
- 0001911704
Offering terms
From the amendment filed May 31, 2022.
- Security
- Debt
- Price
- $1.00
- Target
- $75,000
- Maximum
- $250,000
- Deadline
- September 15, 2022
- Portal compensation
- 5% of amount raised
Financials
From the Form C-AR filed April 6, 2023.
| Most recent fiscal year | Prior fiscal year | Source | |
|---|---|---|---|
| Revenue | $95,000 | $0 | sec.gov |
| Cost of goods sold | $61,920 | $24,901 | sec.gov |
| Net income | $-206,920 | $-76,913 | sec.gov |
| Taxes paid | $55 | $0 | sec.gov |
| Total assets | $56,660 | $259,501 | sec.gov |
| Cash | $56,660 | $259,501 | sec.gov |
| Accounts receivable | $0 | $0 | sec.gov |
| Short-term debt | $129,520 | $45,445 | sec.gov |
| Long-term debt | $0 | $0 | sec.gov |
Filings
| Filed | Filing | Target | Maximum | Deadline | Note | Source |
|---|---|---|---|---|---|---|
| April 6, 2023 | Termination of reporting | Not listed | Not listed | sec.gov | ||
| April 6, 2023 | Annual report | Not listed | Not listed | sec.gov | ||
| September 20, 2022 | Progress update | $75,000 | $250,000 | September 15, 2022 | 100% of target amount raised by target date. Offering closed | sec.gov |
| May 31, 2022 | Amendment | $75,000 | $250,000 | September 15, 2022 | Target amount (minimum offering goal) reduced to $75K. Target offering date extended to 9/15/22. Amortization/payments will now begin on 9/30/22. Timeline for projects has been updated and project projections have been updated | sec.gov |
| February 24, 2022 | Offering | $100,000 | $250,000 | June 15, 2022 | sec.gov |
Updated April 6, 2023. 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.