Community Redevelopment Inc.
Key statistics
from XBRL data in SEC filingsAI briefing
from the latest 10-K, 10-Q and 8-K eventsCommunity Redevelopment Inc. is a community-oriented real estate redeveloper targeting economic growth and opportunity zones in secondary and tertiary value-added markets.
What they do
Community Redevelopment Inc. was incorporated in Oklahoma in 2010 as Crosswind Renewable Energy Corp. and changed its name and core business after a July 6, 2020 transaction. It operates as a real estate redeveloper focused on economic growth and opportunity zones in secondary and tertiary markets.
Revenue drivers
- Real estate redevelopment — The company operates as a community-oriented real estate redeveloper targeting opportunity zones. Revenue is generated from real estate activities, though specific segment breakdowns are not disclosed.
Recent performance
Annual revenue was $0 in 2019, 2020, and 2021, then $93,750 in 2022. Quarterly revenue was $83,105 for Q4 2022, $6,950 for Q1 2023, $17,500 for Q2 2023, and $0 for Q3 2023. Net losses were $40,762 in 2019, $46,154 in 2020, $48.4 million in 2021, and $10.8 million in 2022. As of September 30, 2023, total assets were $13.3 million, total liabilities were $14.1 million, and shareholder equity was negative $784,303. Cash and equivalents were $118,245 at September 30, 2023.
Strategy
The company's strategy is to redevelop real estate in opportunity zones and secondary/tertiary markets. On May 2, 2025, the company completed an acquisition or disposition, indicating ongoing portfolio changes. Management has not provided detailed forward-looking guidance in the excerpts.
Risks
- Going concern — As of September 30, 2023, the company had negative shareholder equity of $784,303 and total liabilities exceeded total assets by approximately $784,303.
- Legal judgment — On November 11, 2024, a judgment of $289,460.37 was entered against the company for money owed to an ex-employee.
- Liquidity risk — At September 30, 2023, cash and equivalents were $118,245, which is minimal relative to current liabilities of $6,250,161.
- No revenue history — The company reported no revenue in 2019, 2020, and 2021, and only $93,750 in 2022, indicating limited operating history and revenue generation.
Outlook
Management has not provided specific guidance in the excerpts. The company continues to pursue real estate redevelopment in opportunity zones, but its ability to fund operations and grow revenue remains uncertain given its financial condition.