Enriched Housing for Seniors

Enriched Housing for Seniors

India Home is purchasing property in Jamaica Estates, Queens, and is seeking funding for renovation expenses. This will be the first community center in NYC dedicated to providing culturally appropriate services to seniors. The center will function as a drop-in site for older adults who are low income, have physical and cognitive limitations, have limited English proficiency, and are socially isolated regardless of immigration status. All services are free.

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Amount Raised: $12,000
Security Type
Convertible Note
Categories
Health & Wellbeing
Min Investment
$2,000
Location
JAMAICA, NY
Expected Close Date
December 31, 2022
Target Raise
$600.00K-$800.00K
Security Price
$1
Number of Employees
20
Cash
$286,511
Revenue
$1,397,552
Short Term Debt
$329,200
Cost of Goods
$0
Long Term Debt
$1,648,401
Net Income
$201,224

Company Description

As a non-profit organization dedicated to addressing the needs of the Indian and larger South Asian senior immigrant community in New York City, India Home is seeking funding to purchase the building for a first-of-its-kind adult assisted living facility with enriched housing located at 87-86 153rd Street, Jamaica, NY 11432.With the growing need, the establishment of this culturally competent adult care facility is timely. The culturally competent adult care facility will assist seniors who need assistance with one or more daily activities, seniors with chronic medical conditions and need assistance with medication management, and seniors with mild memory problems, in a caring, comfortable environment. Residents will have assistance with everyday living needs and amenities including emergency call systems, 24-hour onsite security, housekeeping and laundry services, transportation accommodations, entertainment and social programs, health and wellness programs, as well as culinary and dining programs. India Home is currently working with highly qualified consultants with experience in establishing adult care facilities to ensure a fully compliant, well-equipped and high quality facility is created for this community.Investments made towards the creation of this one-of-a-kind facility will increase equity for a growing population in-need, led by a reputable organization that has been championed by various government stakeholders, esteemed academic and medical institutions, and been a pioneer in the field.

Security Description

A convertible security is a security that can be converted into another security, typically equity in the next round of financing.

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