My City Builders, Inc.

My City Builders, Inc. is a real estate development and management company that acquires, renovates, sells, and leases residential properties, with a focus on low-income housing. Its operations center on three key investment areas: purchasing and rehabilitating foreclosed houses for resale, acquiring and developing land bank parcels, and redeveloping homes obtained through Home Equity Conversion Mortgage programs. The company primarily serves home buyers and renters, specifically low-income individuals and families seeking affordable housing.

The company conducts its property activities in the United States, with real estate holdings and development sites in Alabama and Mississippi, specifically within Gadsden, Glencoe, and Laurel. Its assets have included residential land parcels, single-family houses, and leased rental units. The enterprise functions with two part-time executive employees and is headquartered in Miami, Florida.

Summary of the business section of My City Builders's latest annual report, written by StockData.

“Our financial condition together with the fact that we presently have two part-time employees, one of which is both our chief executive officer and chief financial officer and does not have an accounting background, makes it difficult for us to implement a system of internal controls over financial reporting, and we cannot assure you that we will be able to develop and implement the necessa”