ERC Communities 1, Inc.
Regulation Crowdfunding offering on PicMii · Form C filed October 16, 2026 · Riverview, Florida
ERC Communities 1, Inc. is a Delaware corporation incorporated in 2018 that plans to develop manufactured home rental communities, starting with three adjacent land parcels in Zephyrhills, Florida. It reports no revenue for 2025 or 2024, and its audited statements describe about $1.95 million of mortgage and notes payable as matured and now due.
Profile details below were extracted automatically from the issuer's filing documents. Figures in the financial table come directly from the SEC's structured Form C data.
Offering terms
- Security
- Class A Common Stock
- Maximum
- $5,000,000.00
- Price
- $5.00 per unit
- Pricing method
- At the issuer's discretion.
- Deadline
- February 28, 2027
- Oversubscriptions
- Accepted
- Intermediary
- PicMii Crowdfunding LLC
Funding portal, SEC file 007-00246 - Intermediary fee
- Intermediary will receive cash compensation equal to 4.9% of the value of the securities sold through Regulation CF and a $5,000 listing fee.
- Intermediary equity
- N/A
Financials as filed
| Item | Most recent FY | Prior FY |
|---|---|---|
| Revenue | $0 | $0 |
| Cost of goods sold | $0 | $0 |
| Net income (loss) | -$116,400 | -$116,729 |
| Total assets | $4,087,506 | $3,555,711 |
| Cash and equivalents | $32 | $23 |
| Accounts receivable | $0 | $0 |
| Short-term debt | $1,947,330 | $1,317,393 |
| Long-term debt | $110,000 | $365,318 |
| Taxes paid | $0 | $0 |
Two fiscal years as reported on the Form C cover sheet. 2 employees. Offered in 64 states.
Use of proceeds
At the $5,000,000 maximum, Zephyrhills buildout takes 80.10% ($4,005,000), overhead 15.00% ($750,000) and the PicMii portal fee 4.90% ($245,000).
Valuation
Class A Common Stock at $5.00 per share. Pre-money valuation of $83,877,575, including outstanding options. Valuation cap, discount and interest rate on the offered securities: Not stated.
Prior raises
Regulation A equity offering dated November 8, 2023, with $60,000 sold (6,000 securities), used for overhead and buildout.
Financial statements
Audited by PARTNERS Certified Public Accountants, Pembroke Pines, Florida, with a report dated October 14, 2026 that includes a going concern paragraph.