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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington D.C. 20549

FORM 10-K

☒

ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934

For the fiscal year ended December 31, ~~2022~~2023

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from __________, to ______________.

~~For~~Commission ~~the~~File ~~transition~~Number ~~period from __________, to ______________.~~000-26439

Commission File Number 333-140645

COMMUNITY REDEVELOPMENT INC.

(Exact name of registrant as specified in its charter)

Oklahoma		85-2629422
Colorado		85-2629422
(State or other jurisdiction of incorporation or organization)		(I.R.S. Employer Identification No.)
(State or other jurisdiction of		(I.R.S. Employer
1910 Towne Centre Blvd #250 Annapolis, MD		21401
incorporation or organization)		Identification No.)
7535 E Hampden Ave, Ste#400
Denver, CO		80231
(Address of principal executive offices)		(Zip Code)

(~~866~~774) ~~692~~573-~~6847~~9114 (Registrant’s telephone number, including area code)

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class		Trading Symbol(s)		Name of each exchange on which registered
N/A		N/A		N/A

Securities registered pursuant to section 12(g) of the Act:

~~N/A~~Common Stock, $0.001 par value (Title of class)

Indicate by check mark if the registrant is a well-known seasoned issuer, as defined in Rule 405 of the Securities Act. Yes ☐ No ☒

Indicate by check mark if the registrant is not required to file reports pursuant to Section 13 or Section 15(d) of the Act. Yes ☐ No ☒

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days. Yes ☒ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (§232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to submit such files). Yes ☒ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company, or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company,” and “emerging growth company” in Rule 12b-2 of the Exchange Act. (Check one):

Large accelerated filer	☐	Accelerated filer	☐
Non-accelerated filer	☒	Smaller reporting company	☒
		Emerging growth company	☒

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant has filed a report on and attestation to its management’s assessment of the effectiveness of its internal control over financial reporting under Section 404(b) of the Sarbanes-Oxley Act (15 U.S.C. 7262(b)) by the registered public accounting firm that prepared or issued its audit report. ☐

If securities are registered pursuant to Section 12(b) of the Act, indicate by check mark whether the financial statements of the registrant included in the filing reflect the correction of an error to previously issued financial statements. Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Act). Yes ☐ No ☐

Indicate by check mark whether any of those error corrections are restatements that required a recovery analysis of incentive-based compensation received by any of the registrant’s executive officers during the relevant recovery period pursuant to §240.10D-1(b). ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☒

The aggregate market value of the registrant’s common stock outstanding, other than shares held by persons who may be deemed affiliates of the registrant, computed by reference to the closing sales price for the registrant’s common stock on ~~June~~Dec 3031, ~~2022~~2023, as reported on the OTC Markets Group, Inc., was $234,~~172,436~~000.

As of ~~June~~December 2931, 2023, there were 75341,~~760~~068,~~321~~ 840 shares of common stock, par value $0.001 per share, of the registrant issued and outstanding.

Table of Contents

PART I
Item 1.	~~Business~~	1Business	1
Item 1A.	~~Risk Factors~~	1Risk Factors	1
Item 1B.	~~Unresolved Staff Comments~~	1Unresolved Staff Comments	1
Item 2.	~~Properties~~	1Properties	1
Item 3.	~~Legal Proceedings~~	1Legal Proceedings	1
Item 4.	~~Mine Safety Disclosures~~	1Mine Safety Disclosures	1
PART II
Item 5.	~~Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities~~	2Market for Registrant’s Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities	2
Item 6.	~~Selected Financial Data~~	2Selected Financial Data	2
Item 7.	~~Management’s Discussion and Analysis of Financial Condition and Results of Operations~~	2Management’s Discussion and Analysis of Financial Condition and Results of Operations	2
Item 7A.	~~Quantitative and Qualitative Disclosures About Market Risk~~	14Quantitative and Qualitative Disclosures About Market Risk	10
Item 8.	~~Financial Statements and Supplementary Data~~	14Financial Statements and Supplementary Data	10
Item 9.	~~Changes in and Disagreements With Accountants on Accounting and Financial Disclosure~~	15Changes in and Disagreements With Accountants on Accounting and Financial Disclosure	25
Item 9A.	~~Controls and Procedures~~	15Controls and Procedures	25
Item 9B.	~~Other Information~~	15Other Information	25
PART III
Item 10.	~~Directors, Executive Officers and Corporate Governance~~	16Directors, Executive Officers and Corporate Governance	26
Item 11.	~~Executive Compensation~~	18Executive Compensation	27
Item 12.	~~Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters~~	18Security Ownership of Certain Beneficial Owners and Management and Related Stockholder Matters	27
Item 13.	~~Certain Relationships and Related Transactions, and Director Independence~~	19Certain Relationships and Related Transactions, and Director Independence	27
Item 14.	~~Principal Accountant Fees and Services~~	19Principal Accountant Fees and Services	28
PART IV
Item 15.	~~Exhibits and Financial Statement Schedules~~	20Exhibits and Financial Statement Schedules	29
Signatures		21	30

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Some of the statements contained in this annual report may constitute “forward-looking statements” for purposes of the federal securities laws. Our forward-looking statements include, but are not limited to, statements regarding our or our management team’s expectations, hopes, beliefs, intentions or strategies regarding the future. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “would” and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this annual report are based on our current expectations and beliefs concerning future developments and their potential effects on us. There can be no assurance that future developments affecting us will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, the following risks, uncertainties and other factors:

	·	The implementation of our strategic plans for our business;
	·	Our financial performance;
	·	Developments relating to our competitors and our industry, including the impact of government regulation;
	·	Estimates of our expenses, future revenues, capital requirements and our needs for additional financing; and
	·	Other risks and uncertainties, including those listed under the captions “Business,” “Risk Factors,” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations.”

Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

PART I

ITEM 1. BUSINESS

Overview

Community Redevelopment, Inc. was incorporated in the State of Oklahoma on August 16th, 2010, under the name Crosswind Renewable Energy Corp. At the time of its creation, the Company had been engaged in marketing renewable energy, sales, and marketing of turbines, lighting, and solar energy sources. On July 6th, 2020, the company completed a transaction whereby changing the core business of the Company which is now that of the newly merged business called Community Redevelopment, Inc. Community Redevelopment, Inc. operates as a community-oriented real estate redeveloper targeting economic growth and opportunity zones in secondary and tertiary value-added markets. The Company’s name was formally changed to Community Redevelopment Inc. (CRDV) on June 24th, 2020, as part of the overall transaction and to reflect the new mission of the company.

We ~~were~~will ~~established~~build tothe ~~build~~company’s ~~upon~~assets ~~community~~and ~~assets~~revenues through ~~thoughtful~~targeted ~~acquisition~~mergers, acquisitions and ~~development~~joint-ventures specifically of ~~undervalued~~database ~~real~~technology, ~~estate.~~small ~~Our~~business ~~experienced~~financial boutique ~~team~~companies, ~~has~~accounting ~~dedicated~~firms, ~~their careers~~and tobusinesses ~~constructing~~with ~~high-quality~~manufacturing ~~mixed-use,~~and ~~multifamily~~real ~~residential,~~estate ~~and~~properties. ~~commercial~~We ~~properties~~will inprovide ~~one~~an ofexperienced ~~the~~management team ~~top~~with ~~metropolitan~~many ~~regions as~~years ~~well~~of asmanagement ~~have~~and ~~deep~~business ~~roots~~expertise into provide the ~~real~~highest ~~estate~~levels ~~acquisition~~of ~~and~~management ~~development~~support overseeing companies in different corporate verticals. Our vision is to ~~integrate~~identify, ~~our~~target ~~real~~and ~~estate~~acquire ~~development~~companies ~~proprietary business~~that ~~model~~will ~~across~~help ~~multiple~~Community ~~verticals~~Redevelopment ~~in finance~~Inc., ~~technology,~~grow with ~~and~~timely ~~real~~acquisitions ~~estate~~of businesses in multiple verticals. This will provide long-term value to investors while staying true to our mission of enhancing ~~communities~~critical management of disparate vertical companies.

ITEM 1A. RISK FACTORS

As a smaller reporting company this is not required.

ITEM 1B. UNRESOLVED STAFF COMMENTS

None.

ITEM 2. PROPERTIES

WeDo ~~currently~~not maintain ~~our executive~~any offices ~~in Bethesda, Maryland~~. This office belongs to ~~our~~the CEO ~~Richard~~Phillip Sands ~~Balles~~ and there is no charge for use to the Company.

ITEM 3. LEGAL PROCEEDINGS

On ~~May~~November ~~20th~~11th, ~~2023~~2024, ~~our~~a ~~CEO~~judgement ~~was~~in ~~made~~the ~~aware~~amount of a$289,460.37 ~~lawsuit~~was entered by an ex-employee of the Company. ~~The~~for ~~Company resolutely rejects~~ the ~~monetary~~money ~~claim for monies~~ owed. ~~and~~The ~~while~~Company ~~willing~~under tothe new ~~negotiate~~management is in ~~good~~conversation ~~faith,~~with ~~shall~~the ~~defend~~legal ~~itself~~counsel ~~against~~to ~~said~~resolve ~~lawsuit~~this ~~and is now seeking dismissal of the same~~matter.

ITEM 4. MINE SAFETY DISCLOSURES

Not applicable.

PART II

Market Information

Our common stock trades on the OTC Market Group under the symbol “CRDV”. The OTC Market is a network of security dealers who buy and sell stock. The dealers are connected by a computer network that provides information on current “bids” and “asks,” as well as volume information. The trading of securities on the OTC Pink is often sporadic and investors may have difficulty buying and selling our shares or obtaining market quotations for them, which may have a negative effect on the market price of our common stock.

Shareholders

Our shares of common stock are issued in registered form. The registrar and transfer agent for our shares of common stock is ~~Signature~~Legacy Stock Transfer, ~~14673~~16801 ~~Midway~~ Addison Rd Ste#~~220~~247, Addison, ~~Texas~~TX 75001. On December 31st, ~~2022~~2023, the shareholders' list of our shares of common stock showed ~~148~~153 registered holders of our shares of common stock and 73341,~~390~~068,~~321~~840 shares of common stock issued and outstanding.

Securities Authorized for Issuance Under Equity Compensation Plans

None.

Recent Sales of Unregistered Securities

None.

ITEM 6. SELECTED FINANCIAL DATA

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

ITEM 7. MANAGEMENT’S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Special Note Regarding Forward-Looking Statements

THE FOLLOWING DISCUSSION CONTAINS FORWARD-LOOKING STATEMENTS THAT REFLECT OUR PLANS, ESTIMATES AND BELIEFS. OUR ACTUAL RESULTS COULD DIFFER MATERIALLY FROM THOSE DISCUSSED IN THE FORWARD-LOOKING STATEMENTS. FACTORS THAT COULD CAUSE OR CONTRIBUTE TO SUCH DIFFERENCES INCLUDE THOSE DISCUSSED BELOW AND ELSEWHERE IN THIS ANNUAL REPORT.

FORWARD-LOOKING STATEMENTS

This annual report on Form 10-K contains certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws and is subject to the safe-harbor created by such Act and laws. Forward-looking statements may include statements regarding our goals, beliefs, strategies, objectives, plans, including product and technology developments, future financial conditions, results or projections or current expectations These forward-looking statements involve known or unknown risks, uncertainties and other factors that may cause the actual results, performance, or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “potential,” “continue,” “expects,” “anticipates,” “intends,” “plans,” “believes,” “estimates,” and similar expressions. These statements are based on our current beliefs, expectations, and assumptions and are subject to a number of risks and uncertainties. Although we believe that the expectations reflected-in the forward-looking statements are reasonable, we cannot guarantee future results, levels of activity, performance or achievements. Our actual results may differ materially from those anticipated in these forward-looking statements. These forward-looking statements are made as of the date of this report, and we assume no obligation to update these forward-looking statements whether as a result of new information, future events, or otherwise, other than as required by law. In light of these assumptions, risks, and uncertainties, the forward-looking events discussed in this report might not occur and actual results and events may vary significantly from those discussed in the forward-looking statements.

Implications of Being an Emerging Growth Company

We are an Emerging Growth Company as defined in Section 2(a)(19) of the Securities Act of 1933, as amended, or the Securities Act. We will continue to be an emerging growth company until: (i) the last day of our fiscal year during which we had total annual gross revenues of at least $1.07 billion; (ii) the last day of our fiscal year following the fifth anniversary of the date of the first sale of our common stock pursuant to an effective registration statement under the Securities Act; (iii) the date on which we have, during the previous 3-year period, issued more than $1.0 billion in non-convertible debt; or (iv) the date on which we are deemed to be a large accelerated filer, as defined in Section 12b-2 of the Securities Exchange Act of 1934, as amended, or the Exchange Act, which means the market value of our common stock that is held by non-affiliates exceeds $700 million as of the prior June 30.

As an emerging growth company, we are exempt from:

	·	Sections 14A(a) and (b) of the Exchange Act, which require companies to hold stockholder advisory votes on executive compensation and golden parachute compensation.
	·	The requirement to provide, in any registration statement, periodic report or other reports to be filed with the Securities and Exchange Commission, or the “Commission” or “SEC”, certain modified executive compensation disclosure under Item 402 of Regulation S-K or selected financial data under Item 301 of Regulation S-K for any period before the earliest audited period presented in our initial registration statement.
	·	Compliance with new or revised accounting standards until those standards are applicable to private companies;
	·	The requirement under Section 404(b) of the Sarbanes-Oxley Act of 2002, or the Sarbanes-Oxley Act, to provide auditor attestation of our internal controls and procedures; and
	·	Any Public Company Accounting Oversight Board, or “PCAOB”, rules regarding mandatory audit firm rotation or an expanded auditor report, and any other PCAOB rules subsequently adopted unless the Commission determines the new rules are necessary for protecting the public.

We have elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the Jumpstart Our Business Startups Act.

We are also a smaller reporting company as defined in Rule 12b-2 of the Exchange Act. As a smaller reporting company, we are not required to provide selected financial data pursuant to Item 301 of Regulation S-K, nor are we required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes-Oxley Act of 2002. We are also permitted to provide certain modified executive compensation disclosure under Item 402 of Regulation S-K.

Company Overview

Community Redevelopment, Inc. was formed on August 16, 2010, as Crosswind Renewable Energy Corp. an Oklahoma corporation and was formally renamed as Community Redevelopment Inc. on June 24, 2020. WeThe ~~are an emerging growth~~ company asCommunity ~~defined~~Redevelopment ~~in the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”)~~Inc., Wewill ~~were~~now ~~established~~operate toas ~~build~~a ~~upon~~holding ~~community~~company ~~assets~~and ~~through~~will ~~real~~target ~~estate,~~strategic ~~financial~~companies ~~services~~for ~~and technology.~~business ~~Our~~growth ~~experienced~~in ~~team~~targeted ~~has~~business ~~dedicated~~verticals, ~~their~~such ~~careers~~software ~~to constructing high-quality mixed-use~~financials, ~~multifamily residential~~accounting, ~~and~~healthcare ~~commercial properties in top metropolitan regions as well as have deep roots in technology~~ and ~~finance~~real ~~industries~~estate. Our vision is to ~~integrate~~identify ~~our real estate~~and ~~development~~target ~~proprietary~~multiple ~~business~~businesses ~~model~~within ~~across~~various ~~multiple~~ verticals insuch as finance, software technology, accounting, healthcare and real estate. This will provide long-term value to investors while staying true to our mission of enhancing communities.

Our focus is to ~~invest~~acquire ~~primarily~~existing inrevenue ~~real~~based ~~estate,~~companies ~~utilizing~~with ~~modern~~experienced ~~technology~~management, direction, growth and ~~finance~~investment ~~opportunities~~capital for ~~our~~growth ~~respective~~of ~~properties~~the companies and ultimately the parent company as the holder. Our board of directors will at all times have oversight and policy-making authority over us, including responsibility for governance, financial controls, compliance and disclosure.

On September 20, 2021, the Company executed a Merger Agreement with Red Hills Capital Advisors, LLC, by which the Company has now acquired a portfolio of membership interests in six commercial, retail, multifamily and mixed-use properties, in revitalized areas in the Washington, DC Metro area. All the properties were both partially occupied and under continued development.3

On June 28th, 2022, as part of restructuring plan in an effort to reorient the company assets, the Company came to the conclusion that the Company’s expectations regarding infusion of available financing had not materialized, to the harm of Community Redevelopment Inc., and that further attempted continuation of said Agreement with Red Hills Capital Advisors LLC was of no value and in fact detrimental to the overall financial condition of the Company. As such, management made the decision to Rescind the September 21st, 2021 Agreement with Red Hills placing these interests into our Company.

As such, by the Rescission Agreement removing Red Hills as part of the Company, the above-listed assets were removed from the company as part of this first phase of restructuring during this third Quarter of 2022. As it was a Rescission, all 18.5 million shares issued to Red Hills as consideration for these removed assets were returned to the Treasury of the Company, placing each side exactly as they were just prior to said Agreement.

On September 30th, 2022, the Company, through one of its subsidiaries, acquired 100% interest in “1000 18th St, NE 2020, LLC.”, the titled holder of the real property 1000 18th St NE, Washington, DC. The purchase price for this acquisition was $379,691, which was exchanged for 6,328,181 common shares of the Company. The property held within the acquired LLC is a 10-unit multifamily residence currently under development. We accounted for the acquisition as an asset acquisition. We measured the value of the acquired physical assets (restricted cash, prepaid insurance, land, and building) and the liabilities assumed (Mortgages, net) by allocating the total cost of the acquisition on a relative fair value basis.

On September 30th, 2022, the Company, through one of its subsidiaries, acquired 100% interest in “1320 8th St Fund LLC.”, the titled holder of the real property 1320 8th St NW, Washington, DC. The purchase price for this acquisition was $583,128, which was exchanged for 9,718,808 shares. The property held within the acquired LLC is a 10-unit multifamily residence currently under development. We accounted for the acquisition as an asset acquisition. We measured the value of the acquired physical assets (restricted cash, prepaid insurance, land, and building) and the liabilities assumed (Mortgages, net) by allocating the total cost of the acquisition on a relative fair value basis.

Community Redevelopment can help impact economic mobility by focusing on partnerships between the public and private sector to generate both business interest and business activity in low-income neighborhoods that have gone unnoticed by the development community at large while repairing and mending relationships in these underserved communities. Our Company intends to work with other real estate developers, as well as local and state government agencies to implement the community’s vision for our projects. We are confident in our ability to deliver community-centric projects because we have built a team that understands the challenges facing underserved communities from living and working in them.

Our Company is graciously endowed with an expert management team that has extensive experience in acquiring, developing, constructing, and managing high-quality multifamily, and retail properties in attractive markets throughout the Mid-Atlantic United States. The Company is focused on all aspects of the real estate development cycle including land development, design-build, property operations, and site redevelopment. In addition to the ownership of our operating property portfolio, Community Redevelopment plans to develop and build desirable properties for its own account and through ventures with affiliated and unaffiliated partners.

Community Redevelopment, Inc. is focused on community development in urban and suburban markets and our mission is to integrate our proprietary business model by providing sustainable, long-term value to investors as we strive to provide opportunities to improve neighborhoods with residential, commercial, and industrial development projects while designing architecturally pleasing, clean, energy-efficient communities and commercial structures.

Properties Acquired by the Red Hills Capital Advisors LLC.

As of September 20, 2021, we acquired membership interests in advance in real estate. The Consideration for this transaction on the part of the Company was the issuance of 17,750,000 common shares and 1,000,000 Preferred shares with 1:1 conversion, and 30:1 voting ratio. The stock value of the investment is described below:

	Ownership		The Company’s Investment
			The Company’s Investment
Venture	Ownership Interest		December 31, ~~2022~~2023		December 31, ~~2021~~2022
Red Hills Capital Advisors:
Fort Washington Livingston Pace, LLC (1)		24.50%	$	5,066,359	$	5,066,359
Fort Washington Livingston Pace, LLC (1)		24.50%	$	5,066,359	$	–
Suitland Holdings Pace A and Pace B, LLC		24.50%		2,236,430		2,236,430
Suitland Holdings Pace A and Pace B, LLC		24.50%		2,236,430		–
Velocity Ventures, LLC		49.00%		302,482		302,482
Velocity Ventures, LLC		49.00%		302,482		–
Marlow Heights Branch Pace, LLC		24.50%		671,576		671,576
Marlow Heights Branch Pace, LLC		24.50%		671,576		–
Capheights Hill Pace, LLC		24.50%		134,750		134,750
Capheights Hill Pace, LLC		24.50%		134,750		–
Capheights Central Dev, LLC (2)		24.50%		5,320,331		5,320,331
Capheights Central Dev, LLC (2)		24.50%		5,320,331		–
Capheights Velocity Services, LLC		24.50%		465,872		465,872
Capheights Velocity Services, LLC		24.50%		465,872		–
COZ Manager, LLC (2)		12.25%		4,273,439		4,273,439
COZ Manager, LLC (2)		12.25%		4,273,439		–
Total			$	18,471,239	$	18,471,239
Total			$	18,471,239	$	–

On June 28th, 2022, as part of restructuring plan in an effort to reorient the company assets, the Company came to the conclusion that the Company’s expectations regarding infusion of available financing had not materialized, to the harm of Community Redevelopment Inc., and that further attempted continuation of said Agreement was of no value and in fact detrimental to the overall financial condition of the Company. As such, management made the decision to Rescind the September 21^st, 2021 Agreement with Red Hills placing these interests into our Company.

As such, by the Rescission Agreement removing Red Hills as part of the Company, the above-listed assets were removed from the company as part of this first phase of restructuring during this third Quarter of 2022. As it was a Rescission, all 18.5 million shares issued to Red Hills as consideration for these removed assets are to be returned to the Treasury of the Company, placing each side in a state of equipoise exactly as they were just prior to said Agreement.

Community Redevelopment owns membership interests in multiple properties in the Washington DC metropolitan region, which are comprised of retail, multifamily, and mixed-use development projects. Our acquisition strategy is based on acquiring quality, well-positioned real estate in markets with robust growth and demographics, anchored by strong tenants. The Washington D.C. metropolitan area remains strong as a result of increased government spending. These properties are located in a market that is thriving and generating robust job growth with significant demand for housing.

Community Redevelopment Inc. is currently seeking additional opportunities in the Washington DC real estate market. Community Redevelopment's acquisition strategy is based on acquiring quality, well-positioned real estate in markets with robust growth and demographics, anchored by strong tenants. Our aim is to approach acquisition and development thoughtfully by developing and acquiring high-quality, well-located projects at cost, for its stabilized portfolio or to sell with full market value-added for a profit. The Company may also partner with other developers to build or acquire fractional or membership interests in economically viable projects. Community Redevelopment’s business model creates a tremendous advantage in the marketplace while providing long-term value. Our ability to acquire and develop single and multi-family rental properties that can either be held by us or sold to regional and national companies, further strengthens our market standing. We believe our strategy of working with federal, state, and local governments, as well as community leaders and other developers in our principal geographic areas and our targeted areas for expansion, will provide us with a diverse product portfolio and an opportunity to increase our overall market share and value.

Community Redevelopment, Inc. is not an opportunity zone fund or a real estate investment trust. Community Redevelopment, Inc. is a real estate developer offering potential investors an opportunity to participate in the process of investing in real estate projects that could improve the quality of life for residents of low-income neighborhoods, via a publicly traded company. The Company intends to work with other real estate developers, as well as local and state government agencies to complete its projects in these communities.

~~Community Redevelopment, Inc. operates as a community-oriented real estate redeveloper targeting economic growth and opportunity zones in secondary and tertiary value-added markets.~~ The Company is ~~primarily~~not ~~focused~~a ~~on opportunity zones in an effort to bring commerce and affordable housing to underserved~~“shell ~~areas.~~company,” ~~Community~~since ~~Redevelopment~~its ~~plans~~filing toof ~~provide~~its ~~numerous~~Form ~~opportunities~~10 towith ~~improve~~the ~~low-income~~SEC ~~neighborhoods~~on ~~for~~March ~~residential~~01, ~~commercial~~2025, and ~~industrial~~has ~~opportunities~~formal ~~through government incentives~~operations, ~~long-term~~emplaced ~~partnerships~~Board, ~~and~~an ~~agreements.~~Audit ~~Our mission is to rebuild depressed,~~Committee ~~underserved~~and ~~communities,~~actively ~~improve~~pursuing ~~the~~several ~~quality~~current ~~of life in those markets~~projects, ~~and~~despite ~~provide~~having ~~our~~no ~~investors~~cash ~~with~~on anhand ~~opportunity~~since tothe ~~profit.~~change Wein ~~intend to~~control ~~accomplish this by focusing~~ on ~~partnerships~~December ~~between~~2nd 2023. ~~the~~The ~~public~~Company ~~and~~intends ~~private sector~~ to ~~generate~~comply ~~both~~with ~~business~~the ~~interest~~periodic ~~and~~reporting ~~business activity~~requirements inof ~~low-income neighborhoods that have gone unnoticed by~~ the ~~development~~Exchange ~~community~~Act atfor ~~large~~so ~~while~~long ~~repairing~~as ~~and~~it ~~mending~~is ~~relationships in~~subject ~~these~~to ~~underserved communities~~those requirements.

The Company is not a “shell company,” since its filing of its Form 10 with the SEC on January 19, 2021, and has formal operations, emplaced Board, an Audit Committee and actively pursuing several current projects, despite having no significant cash on hand since the change in control of July 6th, 2020. As of December 31, 2022, the Company had $150,841 in cash. The Company intends to comply with the periodic reporting requirements of the Exchange Act for so long as it is subject to those requirements.

The Company’s current management believes the advantages of being a publicly held corporation will enable it to project further and faster growth during this market downturn. The Company’s principal business objective for the next 12 months and beyond such time will be to achieve long-term growth potential through community-private partnerships within different US jurisdictions.

During the remainder of the fiscal year and beyond such time, we anticipate incurring costs related to the filing of Exchange Act reports, and investigating, analyzing, and consummating further local partnerships. We believe we will be able to meet these costs through the use of funds to be loaned by or invested in us by our stockholders, management or other investors. Our management and stockholders have indicated their intent to advance funds on behalf of the Company as needed in order to accomplish its business plan and comply with its Exchange Act reporting requirements; however, there are no agreements in effect between the Company and our management and stockholders specifically requiring that they provide any funds to the Company. As a result, there are no assurances that such funds will be advanced or that the Company will be able to secure any additional funding as needed.

6While the Company has limited assets and no revenues to date, the Company has experienced management in finance, accounting, and business management and consultation has experience in identifying targeted strategic companies in alliance with its core business of finance, software technology, accounting, healthcare and real estate ventures. The Company will consider the following kinds of factors:

~~While~~ ~~the~~(a) ~~Company~~Potential ~~has~~for ~~limited assets~~incremental ~~and~~growth noindicated ~~revenues~~by todynamic ~~date,~~small-cap ~~the~~companies ~~Company~~with ~~has~~a anneed ~~exceptionally experienced management in finance, politics, and business and has unrestricted flexibility in seeking, analyzing and participating in potential urban renewal opportunities in the area~~ of ~~community~~proven ~~redevelopment. In~~senior ~~its~~management ~~efforts~~skills to ~~analyze~~help ~~potential~~increase ~~ventures,~~revenue ~~the~~growth ~~Company~~and ~~will~~exit ~~consider the following kinds of factors:~~strategy.

(ab) ~~potential~~ ~~for~~Company ~~growth,~~will ~~indicated~~be bycompetitive ~~local~~comparatively ~~need~~competitive ~~and~~to ~~assigned~~other ~~local,~~holding ~~state~~companies orof ~~federal~~similar ~~funding~~size and ~~incentives towards urban renewal in that given locale~~experience.

(bc) ~~competitive~~ ~~position~~We aswill ~~compared~~reflect tobusiness ~~other~~strength ~~firms of similar size~~ and experience ~~within~~with ~~the~~many ~~industry~~years ~~segment~~of assenior ~~well~~management ~~as within the industry as a whole~~experience.

(d) capital requirements and anticipated availability of required funds, to be provided by the Company or from operations, through ventures or similar arrangements, sales of securities, or from other sources.

(e) the extent to which the business opportunity can be advanced; and

In applying the foregoing criteria, not one of which will be definitive, management will attempt to analyze all factors and circumstances and make a determination based upon reasonable investigative measures and available data. Potentially available urban renewal opportunities may occur in many different locales, and at various stages of development, all of which will make the task of comparative investigation and analysis of such urban renewal opportunities extremely difficult and complex. Due to the Registrant’s limited capital available for investigation, the Registrant may not discover or adequately evaluate adverse facts about the opportunity to be engaged. In addition, we will be competing against other entities that possess greater financial, technical, and managerial capabilities for identifying and completing new projects.

In evaluating a prospective new project, we will conduct as extensive a due diligence review of potential targets as possible given our dependence upon the ever-changing city, state, and federal funding initiatives for urban redevelopment and our limited financial resources. We expect that our due diligence will encompass, among other things, meetings with the local government officials and inspection of its neighborhoods and infrastructure, as necessary, as well as a review of financial, government statistical data and other information which is made available to us. This due diligence review will be conducted primarily by our management or by unaffiliated third parties we may engage, including but not limited to attorneys, accountants, consultants or other such professionals. The costs associated with hiring third parties as required to complete a new project may be significant and are difficult to determine as such costs may vary depending on a variety of factors, including the locale, amount of time it takes to complete a new project, the location of the project, and the size and complexity of the business of the project. As of the date of this filing, the Company has identified several potential business opportunities.

The time and costs required to select and evaluate a target project and to structure and complete a new project cannot presently be ascertained with any degree of certainty. The amount of time it takes to complete a new project, the location of the project, the size and complexity of the project neighborhood, the scope of city, state, and federal regulations, and whether funds may be raised contemporaneously with the transaction are all factors that determine the costs associated with completing a new project transaction. The time and costs required to complete a new project can be estimated once a new project target has been identified. Any costs incurred with respect to the evaluation of a prospective new project that is not ultimately completed will result in a loss to us.

Through information obtained from industry professionals including attorneys, architects, developers, appraisers, accountants, commercial and residential real estate brokers, builders, engineers as well as other consultants with experience in the urban redevelopment sphere, there are literally thousands of new potential projects, and the aim of the management is to filter through these for the most reasonably achievable urban renewal projects.5

We are and will continue for the foreseeable future to be, an insignificant participant on the national level of public-private urban renewal.

Nearly all similar companies have significantly greater financial resources; consequently, we will be at a competitive disadvantage in identifying possible urban renewal opportunities and successfully completing a new project. These competitive factors may reduce the likelihood of our identifying and consummating a successful new project.

Basis of Presentation

The accompanying ~~audited~~unaudited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) for annual financial statement presentation and in accordance with Form 10-K. Accordingly, they include all of the information and footnotes required in annual financial statements. In the opinion of management, the audited financial statements contain all adjustments (consisting only of normal recurring accruals) necessary to present fairly the financial position and results of operations and cash flows. The results of operations presented are not necessarily indicative of the results to be expected for any other interim period or for the entire year. These audited financial statements should be read in conjunction with our December 31st, 2021 audited financial statements.

Going Concern

Due to the uncertainty of our ability to meet our current operating and capital expenses, ~~our~~the ~~independent~~Company ~~auditors~~did ~~included~~not anengage ~~explanatory~~any ~~paragraph~~independent inauditors ~~their~~to ~~report~~audit the financials and report on the ~~audited~~unaudited financial statements for the year ended December 31, ~~2022~~2023, regarding concerns about our ability to continue as a going concern. Our financial statements contain additional note disclosures describing the circumstances that lead to this disclosure by our ~~independent~~ ~~auditors~~current legal counsel.

Our ~~audited condensed financial statements have been prepared on a going concern basis, which assumes the realization of assets and settlement of liabilities in the normal course of business. Our~~ ability to continue as a going concern is dependent upon our ability to generate profitable operations in the future and/or to obtain the necessary financing to meet our obligations and repay our liabilities arising from normal business operations when they become due. The outcome of these matters cannot be predicted with any certainty at this time and raise substantial doubt that we will be able to continue as a going concern. Our unaudited ~~audited~~ financial statements do not include any adjustments to the amount and classification of assets and liabilities that may be necessary should we be unable to continue as a going concern. There is no assurance that our operations will be profitable. Our continued existence and plans for future growth depend on our ability to obtain the additional capital necessary to operate either through the generation of revenue or the issuance of additional debt or equity.

Our future growth is dependent upon achieving further development projects and execution of development projects, engaging other company related opportunities, management of operating expenses, and the ability of the Company to obtain the necessary financing to fund future obligations, and upon profitable operations.

Stockholders’ Equity

Since its inception on August 16, 2010, the Company has accumulated deficit of $60,097,918 as of twelve months ended December 31, ~~2022~~2023.

The aggregated loss is related to the capital invested in advances real estate membership interest, which has future positive cash flow after completion and stabilization. See note 5.

Corporate losses starting by inception of company as outlined in note 5 were accumulated by previous management prior to new management taken over CRDV in December of 2023.

Authorized Shares

Common Stock

The Company is authorized to issue up to ~~500~~1,000,000,000 shares of common stock, par value $0.001 par value. Each outstanding share of common stock entitles the holder to one vote per share on all matters submitted to a stockholder vote. All shares of common stock are non-assessable and non-cumulative, with no pre-emptive rights.

Preferred shares

~~The~~Preferred Class ~~Company~~A: ~~has 5~~10,000,000 (~~Five~~1:70 ~~Million)~~/ ~~shares~~1 of preferred ~~stock,~~shares ~~with~~= ~~conversion~~70 ~~rights~~common ~~of 1:1 (one to one~~shares),. ~~but~~This ~~with~~will ~~30:1~~have similar voting rights 1:70. AsNon-dilutable ~~of December 31, 2022, 0~~ shares ~~of preferred stock were issued and outstanding.~~ //

Preferred Class B: 1,000,000 (1:300 / 1 preferred shares = 300 common shares). This will not have any voting rights and non-dilutable shares //

Preferred Class C: 10,000,000 (1:30 / 1 preferred shares = 30 common shares).

Commitments and Contingencies

OnIn ~~April~~the ~~8th~~fiscal year 2023, ~~2021,~~ the Company ~~executed~~did anot ~~Senior~~execute ~~Secured~~any types of Convertible Promissory Note, Securities Purchase Agreement, and ~~ancillary~~short ~~agreements~~term (collectively, the “Agreements”) with Leonite Capital, LLC Per the terms of the Agreements with Leonite Capital, LLC, the Company may borrow up to $500,000; of which $500,000 was tendered, which is open with right of redemption for one yearloans. ~~On March 24th, 2023, the Company and Leonite Capital LLC executed an Amendment by which the outstanding balance was increased by $7,500.00, the fixed Conversion Price was reset to $0.03.~~

OnThe ~~November 30th, 2021, the~~ Company ~~executed~~still amaintains all ~~short-term~~types ~~loan~~ of ~~$1,000,000~~Convertible ~~Secured~~Promissory Note, bySecurities ~~1,500,000~~Purchase ~~million shares of CRDV stock (reserved in bank’s name~~Agreement, ~~subject to loan~~ and ~~stock~~short ~~pledge~~term ~~agreement~~loans ~~with~~from ~~NextBank~~fiscal ~~International,~~years ~~Inc~~2021,) and secured by the president of the company, as a personal guarantor. Per the terms of the Agreements with NextBank International, Inc, the Company may borrow up to $1,000,000; which is open with the right of redemption for one year against the collateral of 1,500,000 shares of CRDV stock and the President of the company as guarantor. As of December 31, 2022~~, the company has withdrawn the full amount net of the loan less the loan fees~~. ~~On January 23rd, 2023, NextBank International Inc. elected to convert $49,416 of their debt into 2,320,000 common shares.~~

We will require additional financing to implement our business plan, which may include joint venture projects and debt or equity financings. The nature of this enterprise and constraint of positive cash flow places debt financing beyond the creditworthiness required by most banks or typical investors of corporate debt until such time as economically viable profits and losses can be demonstrated. Therefore, any debt financing of our activities may be costly and result in substantial dilution to our stockholders.

Future financing through equity investments is likely to be dilutive to existing stockholders. Also, the terms of securities we may issue in future capital transactions may be more favorable for our new investors. Newly issued securities may include preferences, superior voting rights, and the issuance of warrants or other derivative securities, which may have additional dilutive effects. Further, we may incur substantial costs in pursuing future capital and financing, including investment banking fees, legal fees, accounting fees, and other costs. We may also be required to recognize non-cash expenses in connection with certain securities we may issue, such as convertible notes and warrants, which will adversely impact our financial condition.

Our ability to obtain needed financing may be impaired by such factors as the capital markets, which could impact the availability or cost of future financings. If the amount of capital we are able to raise from financing activities, together with our revenue from operations, is not sufficient to satisfy our capital needs, even to the extent that we reduce our operations accordingly, we may be required to cease operations.

There is no assurance that we will be able to obtain financing on terms satisfactory to us, or at all. We do not have any arrangements in place for any future financing. If we are unable to secure additional funding, we may cease or suspend operations. We have no plans, arrangements, or contingencies in place in the event that we cease operations.

Results of Operations

For the Twelve Months Ended December 31, ~~2022, and 2021~~2023

Revenues

The Company has not earned ~~$93,750 in~~any revenue ~~from real estate brokerage services~~ for the twelve months ended in December 31, ~~2022~~2023.

Operating Expenses

For the twelve months ended December 31, ~~2022~~2023, our total operating expenses were $2494,~~281,261 compared to $9,899,333 for the twelve months ended December 31, 2021, resulting in a decrease of $7,618,072~~987. ~~The decrease is attributable to a total decrease of $7,618,072 in general administration expenses~~58.

For the twelve months ended December 31, 2022, we had $0 unrealized loss on investments compared to $37,778,761 for the year ended December 31, 2021.

Net Operating loss

~~Net~~For ~~Operating loss was $2,275,019 compared to net Operating loss of $9,899,333 for~~ the twelve months ended December 31, ~~2022~~2023, ~~and~~our ~~December~~total ~~31,~~operating ~~2021,~~expenses ~~for~~were ~~the reasons explained above~~$494,987.58.

Net loss from Continuing Operations

Net loss was $2,662,498 compared to a net loss of $ 10,593,864 for the twelve months ended December 31, 2022, and December 31, 2021. The decrease is attributable to a total decrease of $7,618,072 in general administration expenses, and decrease in other expense of $307052 and an increase in gross profit of $6,242.

Other Income (Expense)

~~Total~~There ~~Other~~was ~~Expense~~no ~~decreased to~~income ~~$387,479~~ for the ~~year~~twelve ~~ended~~months ~~December 31, 2022, from $694,531 for the year~~ ended December 31, ~~2021~~2023. ~~The increase was directly related to the swings in derivative fair values from $387,161 and decrease in interest expense of $693,159.~~

Total Loss

Total loss was $10494,~~821,237~~987.58 ~~compared to a total loss of $ 48,372,625 for~~ the twelve months ended December 31, ~~2022,~~2023. ~~and~~This ~~December~~unrealized ~~31,~~loss ~~2021.~~on ~~The~~investments, ~~decrease~~which is ~~attributable~~the dollar value of the common shares issued for to aPhillip ~~total~~Sands, ~~decrease~~Michael ofZinc, ~~$37~~Midfett Parker,~~778~~ Thomas Rand,~~761~~ inLaura ~~unrealized~~Fritts, ~~loss~~First onFunding, ~~investments~~SC & H, ~~which~~Doty isScott ~~the~~Enterprise, ~~dollar~~Practice LLP, ~~value~~Insight ofAccounting, ~~the~~Leonite ~~common~~Capital, ~~shares~~Rent ~~issued~~Coetzee, ~~for~~Global ~~the~~One, ~~acquisition of~~and ~~Red~~M ~~Hills~~S ~~Capital~~Madhava ~~LLC~~Rao.

Liquidity and Capital Resources

Overview

~~The~~Since ~~Company’s~~its ~~cash~~inception on August 16, 2010, the Company had a cumulative deficit of $60,097,918 and ~~cash~~we ~~equivalents~~have ~~balance~~a ~~was~~working capital deficit of $~~101~~49,~~728~~900,253.58 as of December 31, 2023. ~~2022~~Our future growth is dependent upon achieving further purchase orders and execution, management of operating expenses and the ability of the Company to obtain the necessary financing to fund future obligations, and upon profitable operations.

Net cash provided in the Company’s operating activities during the twelve months ended December 31, 2022, was $1,226,775 as compared to net cash used in the operating activities of $385,991 during the corresponding period ended December 31, 2021. This represents a variance of $1,612,766 in net cash provided in operating activities between the two periods. The underlying reasons for the variance were primarily due to loss from discontinued operations of $8,158,739, shares issued for services of $1,223,225, shares issued for membership interest in real estate of $2,059,701, shares issued for conversion of loan $73,015, change in the fair value of derivative liabilities $257,756, accrued expenses of $63,602 and an increase in accounts payable of $15,581 and an increase in note payable of $180,000 and an increase of $30,403 in the interest on convertible note payable between the two periods.

Net cash used in investing activities for the years ended December 31, 2022, and 2021 was $7,468,581 and $0, respectively. The variance is primarily due to funds utilized in long-term and short-term investments.

Cash provided by financing activities was $5,259,047 for the twelve months ended December 31, 2022, as compared to cash provided by financing activities of the amount of $1,461,959 for the same period ended December 31, 2021. This represents a variance of $3,797,088 in net cash used in financing activities between the two periods. The primary underlying reason is due to a decrease on a short-term loan of $71,035, an increase in mortgage loan of $5,320,082 and a decrease in shareholder’s loan of $38,041 and proceeds from shares committed $10,000 between the two periods.

Since its inception on August 16, 2010, the Company had a cumulative deficit of $60,097,918 and we have a working capital deficit of $4,846,835 as of December 31, 2022. Our future growth is dependent upon achieving further purchase orders and execution, management of operating expenses and the ability of the Company to obtain the necessary financing to fund future obligations, and upon profitable operations.

Historically, we have financed our cash flow and operations from contributions of our majority shareholder and by raising equity and convertible loans.

As of December 30, 2022, our cash balance was $101,728 we believe we will require a minimum of $5,000,000 in working capital over the next 12 months to grow the company as currently planned, covering our operating costs and maintaining our regulatory reporting and filings. Should our revenues not materialize as expected, or if our costs and expenses prove to be greater than we currently anticipate, or should we change our current business plan in a manner that will increase or accelerate our anticipated costs and expenses; we may need funds in excess of that currently planned.8

We believe we will require a minimum of $10,000,000 in working capital over the next 12 months to grow the company as currently planned, covering our operating costs and maintaining our regulatory reporting and filings. Should our revenues not materialize as expected, or if our costs and expenses prove to be greater than we currently anticipate, or should we change our current business plan in a manner that will increase or accelerate our anticipated costs and expenses; we may need funds in excess of that currently planned.

It is our current policy that all transactions between the Company and our officers, directors and their affiliates will be entered into only if such transactions are approved by a majority of the existing directors, are approved by vote of the stockholders, or are fair to us as a corporation as approved or ratified by our Board of Directors or authorized officer. We will conduct an appropriate review of all related party transactions on an ongoing basis, and, where appropriate, we will review the potential conflicts of interest.

Off-Balance Sheet Arrangements

We currently have no off-balance sheet arrangements that have or are reasonably likely to have a current or future material effect on our financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

Critical Accounting Policies and Estimates

Use of Estimates

In preparing the consolidated financial statements in conformity with accounting principles generally accepted in the United States (“GAAP”), management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the dates of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions made by management include, but are not limited to, revenue recognition, the allowance for bad debt, useful life of fixed assets, income taxes and unrecognized tax benefits, valuation allowance for deferred tax assets, and assumptions used in assessing impairment of long-lived assets. Actual results could differ from those estimates.

Lease

OnThe ~~January 2, 2020, the~~ Company ~~adopted~~has ~~FASB~~not ~~ASC Topic 842, Leases, or ASC 842, using the modified retrospective transition method with a cumulative effect adjustment~~entered to accumulated deficit as of January 1, 2019, and accordingly, modified its policy on accounting for leases as stated below. As described under “Recently Adopted Accounting Pronouncements,” below, the primary impact of adopting ASC 842 for the Company was the recognition in ~~the consolidated balance sheet of certain lease-related assets and liabilities for operating leases with terms longer than 12 months. The Company elected~~ to ~~use~~any ~~the~~ short- term ~~exception~~or ~~and~~long ~~does not records assets/liabilities for short~~ term leases as of December 31, ~~2022~~2023.

Revenue Recognition

InThe ~~May~~Company ~~2014~~did ~~the~~not ~~FASB issued~~recognize ~~Accounting~~any ~~Standards Update (“ASU”) No. 2014-09, Revenue from Contracts with Customers (Topic 606), which supersedes all existing~~ revenue ~~recognition~~as ~~requirements,~~of ~~including~~December most industry-specific guidance. This new standard requires a company to recognize revenues when it transfers goods or services to customers in an amount that reflects the consideration that the company expects to receive for those goods or services. The FASB subsequently issued the following amendments to ASU No. 2014-09 that have the same effective date and transition date: ASU No. 2016-0831, ~~Revenue from Contracts with Customers (Topic 606): Principal versus Agent Considerations; ASU No~~2023. 2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing; ASU No. 2016-12, Revenue from Contracts with Customers (Topic 606): Narrow-Scope Improvements and Practical Expedients; and ASU No. 2016-20, Technical Corrections and Improvements to Topic 606, Revenue from Contracts with Customers. The Company adopted these amendments with ASU 2014-09 (collectively, the new revenue standards).

Under the new revenue standards, the Company recognizes revenues when its customer obtains control of promised goods or services, in an amount that reflects the consideration which it expects to receive in exchange for those goods. The Company recognizes revenues following the five-step model prescribed under ASU No. 2014-09: (i) identify the contract(s) with a customer; (ii) identify the performance obligations in the contract; (iii) determine the transaction price; (iv) allocate the transaction price to the performance obligations in the contract; and (v) recognize revenues when (or as) we satisfy the performance obligation. The Company recognized revenue from providing temporary and permanent staffing solutions and the sale of consumer products. Service revenues are recognized as the services are performed in proportion to the transfer of control to the customer and real estate revenues are recognized at the time of sale when consideration has been exchanged and title has been conveyed to the buyer. At this time, we have not identified specific planned revenue streams. During the period from August 16, 2010 (Inception) to December 31, 2022, we did not recognize any revenue.

Income Taxes

The Company ~~accounts~~did ~~for~~not file ~~income~~any taxes ~~using~~as ~~the asset and liability approach that requires the recognition~~ of ~~deferred~~December ~~tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences~~31, ~~the Company generally considers all expected future events other than enactments of changes in the tax law~~2023. For deferred tax assets, management evaluates the probability of realizing the future benefits of such assets. The Company establishes valuation allowances for its deferred tax assets when evidence suggests it is unlikely that the assets will be fully realized.

The Company recognizes the tax effects of an uncertain tax position only if it is more likely than not to be sustained based solely on its technical merits as of the reporting date and then only in an amount more likely than not to be sustained upon review by the tax authorities. Income tax positions that previously failed to meet the more likely than not threshold is recognized in the first subsequent financial reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more likely than not threshold is derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company classifies potential accrued interest and penalties related to unrecognized tax benefits within the accompanying consolidated statements of operations and comprehensive income (loss) as the income tax expense.

Stock-based Compensation

Stock-based compensation cost to employees is measured at the date of grant, based on the calculated fair value of the stock-based award, and will be recognized as expense over the employee’s requisite service period (generally the vesting period of the award). Share-based compensation awards issued to non-employees for services rendered are recorded at either the fair value of the services rendered or the fair value of the share-based payment, whichever is more readily determinable. The company has no stock-based compensation plan established as December 31, ~~2022~~2023.

Derivative instruments

The fair value of derivative instruments is recorded and shown separately under liabilities. Changes in the fair value of derivatives liability are recorded in the consolidated statement of operations under other (income) expenses.

Our Company evaluates all of its financial instruments to determine if such instruments are derivatives or contain features that qualify as embedded derivatives. For derivative financial instruments that are accounted for as liabilities, the derivative instrument is initially recorded at its fair value and is then re-valued at each reporting date, with changes in the fair value reported in the consolidated statements of operations. For stock-based derivative financial instruments, the Company uses the binomial option-pricing model to value the derivative instruments at inception and on subsequent valuation dates. The classification of derivative instruments, including whether such instruments should be recorded as liabilities or as equity, is evaluated at the end of each reporting period. Derivative instrument liabilities are classified in the balance sheet as current or non-current based on whether or not net-cash settlement of the derivative instrument could be required within 12 months of the balance sheet date.

Related Parties

The Company follows subtopic 850-10 of the FASB ASC for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 related parties include:

a. affiliates of the Company;

b. entities for which investments in their equity securities would be required, absent the election of the FV option under the FV Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity;

c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management;

d. principal owners of the Company;

e. management of the Company;

f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and

g. other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

The financial statements shall include disclosures of material related party transactions, other than compensation arrangements, expense allowances, and other similar items in the ordinary course of business. However, disclosure of transactions that are eliminated in the preparation of financial statements is not required in those statements.

The disclosures shall include: a. the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

New Accounting Pronouncements

In June 2016, the FASB issued ASU 2016-13, Measurement of Credit Losses on Financial Instruments (Topic 326): Measurement of Credit Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 requires companies to measure credit losses utilizing a methodology that reflects expected credit losses and requires a consideration of a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 is effective for fiscal years beginning after December 15, 2022, including those interim periods within those fiscal years. We did not expect the adoption of this guidance have a material impact on its consolidated financial statements.

ITEM 7A. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

We are a smaller reporting company as defined by Rule 12b-2 of the Exchange Act and are not required to provide the information required under this item.

ITEM 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA

Index:

Audit Report

(1) Financial Statements	~~Page~~	Page
Report of Independent Registered Public Accounting Firm (PCAOB ID 6662)	F-1
	Consolidated Balance Sheets	11
Consolidated Balance Sheets	F-2
	Consolidated Statements of Operations and Comprehensive Loss	12
Consolidated Statements of Operations and Comprehensive Loss	F-3
	Consolidated Statements of Stockholders' Equity (Deficit) for the Years Ended December 31, 2024 and 2023	13
Consolidated Statements of Stockholders' Equity (Deficit) for the Years Ended December 31, 2022 and 2021	F-4
	Consolidated Statements of Cash Flows for the Years Ended December 31, 2024 and 2023	14
Consolidated Statements of Cash Flows for the Years Ended December 31, 2022 and 2021	F-5
	Notes to Consolidated Financial Statements	15
Notes to Consolidated Financial Statements	F-6

1410

~~M.S.~~Community ~~Madhava~~Redevelopment ~~Rao 316, 1st Cross, Gururaja Layout, 7th Block, 4th Phase, BSK 3rd Stage, Bangalore 560085 Tel No: 91-8861838006 email : mankalr@yahoo~~Inc.~~com~~

~~REPORT~~Consolidated OFBalance ~~INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM~~Sheets

~~To The Board of Directors and Shareholders~~Unaudited

Community Redevelopment, Inc.

	For the year ended December 31,
	2023			2022

Assets
Current Assets:
Cash	$	118,245		$	101,728
Restricted Cash		–			160,504
Other Current Assets		–			73,509
Total current assets		118,245			335,742
Investments in Real Estate Membership Interests		13,81,675			7,248,577
Total assets		13,299,920		$	7,584,318

Liabilities and shareholders' equity
Current liabilities
Accounts payable	$	237,549		$	85,848
Credit card payable		–			3,831
Accrued expenses		241,926			68,602
Interest Payable		158,385			60,496
Notes Payable		672,600			180,000
Convertible Notes Payable, net of discount		563,056			555,556
Derivatives on Convertible Note		747,070			747,070
Advance from customers		29,276			–
Short Term Loan		879,549			928,965
Mortgages on property, current		2,720,750			2,552,209
Total current liabilities		6,250,161			5,182,577

Long Term Liabilities
Mortgage on property		7,834,062			2,767,873
Total Long term liabilities		7,834,062			2,767,873
Total liabilities		14,084,223			7,950,450

Stockholders' Equity

Preferred stock: $0.001 par value, 5,000,000 shares authorized, 0 shares issued and outstanding at December 31, 2023 and 2022 respectively.		–			–
Common stock: $0.001 par value; 500,000,000 shares authorized; 86,038,098 shares issued and outstanding at December 31, 2023 and 73,390,321 shares issued and outstanding at December 31, 2022		86,038			73,390
Additional paid in capital		59,887,663			59,648,395
Shares Committed to be issued		40,000			10,000
Accumulated deficit		(60,798,004	)		(60,097,918	)
Total shareholders' equity (Deficit)		(784,303	)		(366,132	)
Total liabilities and Stockholders' Equity (Deficit)	$	13,299,920		$	7,584,318

~~1910~~See ~~Towne~~Accompanying ~~Centre~~Notes ~~Blvd.,~~to ~~#250~~Consolidated Financial Statements.

~~Annapolis, MD 21401~~11

~~Opinion~~Community onRedevelopment ~~the financial statements~~Inc.

~~We audited~~Income the accompanying balance sheets of Community Redevelopment, Inc., (“the Company”) as of December 31, 2022 and 2021, and the related statements of operations, stockholders’ equity and cash flows for years then ended and the related notes (collectively referred to as “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the financial position of the Company as of December 31, 2022 and 2021, and the results of its operation, stockholder’s equity and cash flows for the years then ended, in conformity with accounting principles generally accepted in the United States of America.Statement

~~Going Concern~~Unaudited

The Company’s financial statements are prepared using the generally accepted accounting principles applicable to a going concern, which contemplates the realization of assets and liquidation of the liabilities in the normal course of business. The Company has an accumulated deficit of $60,097,918 for the year ended December 31, 2022. These factors as discussed in Note 2 of the financial statements raise substantial doubt about the Company’s ability to continue as a going concern. The financial statements do not include any adjustments that might result from the outcome of this uncertainty.

	For the Fiscal Year Ended
	December 31,
	2023			2022

Revenue	$	6,950		$	93,750

Cost of Services		(5,950	)		(87,508	)

Gross Profit		1,000			6,242

Operating expenses:
General and Administrative		603,437			2,281,261
Total Operating Expenses		603,437			2,281,261

Loss from Operations		(602,437	)		(2,275,019	)

Other income (expense):
Interest expense		(115,201	)		(583,921	)
Other income		17,551			1,053
Change in the fair value of derivative		–			195,388
Total other income (Expense)		(97,650	)		(387,479	)

Loss from Continuing Operations		(700,087	)		(2,662,498	)

Loss from Discontinued Operations		–			(8,158,739	)

Net Loss	$	(700,087	)	$	(10,821,237	)


Net (loss) per share attributable to common stockholders, basic and diluted	$	(0.009	)	$	(0.22	)

Weighted average shares outstanding, basic and diluted		76,877,471			49,368,370

~~Basis~~See Accompanying ofNotes ~~Opinion~~to Consolidated Financial Statements.

These financial statements are the responsibility of the Company’s management. Our responsibility is to express an opinion on the Company’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) ("PCAOB") and are required to be independent with respect to the Company in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.12

WeCommunity ~~conducted~~Redevelopment ~~our audits in accordance with the standards of the PCAOB~~Inc. Those standards require we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud. The Company is not required to have, nor were we engaged to perform, an audit of its internal control over financial reporting. As part of our audits. we are required to obtain an understanding of internal control over financial reporting not for the purpose of expressing an opinion on the effectiveness of the Company’s internal control over financial reporting. Accordingly, we express no such opinion.

~~Our~~Consolidated ~~audits~~Statement ~~included performing procedures to assess the risks~~ of ~~material~~Stockholders' ~~misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond~~Equity to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.(Deficit)

~~Critical Audit Matters~~Unaudited

Critical audit matters arising from the current period of the financial statements that were communicated or required to be communicated to the audit committee and that (1) relate to accounts or disclosure that are material to the financial statements and (2) involve especially challenging, subjective, or complex judgements. The communication of critical audit matters does not alter in any way our opinion on the financial statements, taken as a whole, and we are not, by communicating the critical audit below, providing separate opinions on the critical audit matters or the accounts or disclosures to which they relate.

	Preferred Stock						Common Stock						Common Stock				Additional						Total
	Shares			Amount			Shares			Amount			Shares Committed		Amount		Paid-in Capital			Accumulated Deficit			Stockholders' Deficit
Balance, December 31, 2021		1,000,000		$	1,000			44,077,038		$	44,077			–	$	–	$	66,633,268		$	(49,276,680	)	$	17,401,665

Shares issued for services		–			–			11,314,262			11,314			–		–		1,211,911			–			1,223,225
Shares issued for conversion of Loan		–			–			1,420,700			1,421			–		–		71,594			–			73,015
Shares issued for membership interest in real estate		–			–			34,328,321			34,328			–		–		2,025,372			–			2,059,701
Shares Cancelled		(1,000,000	)		(1,000	)		(17,750,000	)		(17,750	)		–		–		(10,293,750	)		–			(10,312,500	)
Shares Committed to issue		–			–			–			–			250,000		10,000		–			–			10,000
Net Loss		–			–			–			–			–		–		–			(10,821,237	)		(10,821,237	)

Balance, December 31, 2022		–		$	–			73,390,321		$	73,390			250,000	$	10,000	$	59,648,395		$	(60,097,917	)	$	(366,132	)

Shares issued for conversion of Loan		–			–			5,097,777			5,098			–		–		94,318			–			99,416
Shares issued for services		–			–			7,550,000			7,550			–		–		144,950			–			152,500
Shares committed to be issued		–			–			–			–			600,000		30,000		–			–			30,000
Net Loss		–			–			–			–			–		–		–			(700,087	)		(700,087	)

Balance, December 31, 2023		–		$	–			86,038,098		$	86,038			850,000	$	40,000	$	59,887,663		$	(60,798,003	)	$	(784,3035	)

~~Related~~See ~~party~~Accompanying ~~transactions~~Notes to Consolidated Financial Statements.

~~Company acquired two properties from CEO of the Company in exchange for Shares of the Company.~~13

WeCommunity ~~have~~Redevelopment ~~served as the Company’s auditor since 2020~~Inc.

~~/s/~~Consolidated M.Statements S.of ~~Madhava~~Cash ~~Rao~~Flows

~~M. S. Madhava Rao, Chartered Accountant~~Unaudited

Bangalore, India

	For the Year Ended December 31,
	2023			2022
Cash flow from Operating Activities
Net loss	$	(700,086	)	$	(10,821,237	)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss from discontinued operations		–			8,158,739
Shares issued for services		152,500			1,223,225
Shares issued for conversion of loan		–			73,015
Shares issued for membership interest in real estate		–			2,059,701
Gain (loss) on derivative liabilities		–			257,756
Change In:
Increase (decrease) in Prepaid Expenses		(74,965	)		(14,008	)
Increase in Accounts payable		147,870			15,581
Increase in Interest payable		105,389			30,403
Increase in Advances		29,276			–
Increase in Note payable		25,000			180,000
Increase in Accrued expenses		183,933			63,602
Net cash provided (used) in operating activities		(131,083	)		1,226,775

Cash flow from Investing Activities
Increase in short term investments		–			(220,004	)
Increase in long term investments					(7,248,577	)
Increase in investment in capital work in progress		(350,000	)		–
Net cash used in investing activities		(350,000	)		(7,468,581	)

Cash flow from Financing Activities
Proceeds from shares committed		30,000			10,000
Proceeds from notes payable		450,000			5,320,082
Increase/decrease in short-term loan		–			(17,035	)
Proceeds from loan from shareholders		17,600			–
Net cash provided in financing activities		497,600			5,259,047

Net increase (decrease) in cash and cash equivalents		16,517			(982,757	)

Cash and Cash Equivalents at beginning of period		101,728			1,084,486

Cash and Cash Equivalents at end of period	$	118,245		$	101,728

Supplemental disclosure of cash flow information:
Cash paid for interest	$	–		$	127,638
Cash paid for taxes	$	–		$	–

Supplemental disclosure of cash and non-cash financing activities
Share cancelled in the reversal of Investments in Real Estate Membership Interest in exchange of Stock	$	–		$	10,312,500
Share issued towards Investments in Real Estate Membership Interest in exchange of Stock	$	–		$	2,059,701
Shares issued for services	$	152,500		$	1,223,225
Shares issued to settle notes payable	$	–		$	73,015
Shares issued for conversion of loan	$	50,000		$	–

~~June~~See ~~29,~~Accompanying ~~2023~~Notes to Consolidated Financial Statements.

~~F-1~~14

Community Redevelopment Inc.

Notes to Consolidated ~~Balance~~Financial ~~Sheet~~Statements

~~Audited~~December 31, 2023

	As of 12/31/2022			As of 12/31/2021
Assets
Current Assets:
Cash	$	101,728		$	1,084,486
Restricted Cash		160,504			–
Other Current Assets		73,509			–
Total current assets		335,742			1,084,486
Investments in Real Estate Membership Interests		7,248,577			18,471,239
Total assets	$	7,584,318		$	19,555,725
Liabilities and shareholders' equity
Current liabilities
Accounts payable	$	85,848		$	74,098
Credit card payable		3,831			–
Accrued expenses		68,602			5,000
Interest Payable		60,496			30,092
Notes Payable		180,000			–
Convertible Notes Payable, net of discount		555,556			102,412
Derivatives on Convertible Note		747,070			942,458
Short Term Loan		928,965			1,000,000
Mortgages on property, current		2,552,209			–
Total current liabilities		5,182,577			2,154,060
Long Term Liabilities
Mortgage on property		2,767,873			–
Total Long term liabilities		2,767,873			–
Total liabilities		7,950,450			2,154,060
Stockholders' Equity
Preferred stock: $0.001 par value, 5,000,000 shares authorized, 0 shares and 1,000,000 shares issued and outstanding at December 31, 2022 and December 31, 2021 respectively.		–			1,000
Common stock: $0.001 par value; 500,000,000 shares authorized and 73,390,321 shares and 44,077,038 shares issued and outstanding at December 31, 2022 and December 31, 2021 respectively.		73,390			44,077
Additional paid in capital		59,648,395			66,633,268
Shares Committed to be issued		10,000			–
Accumulated deficit		(60,097,918	)		(49,276,680	)
Total shareholders' equity (Deficit)		(366,132	)		17,401,665
Total liabilities and Stockholders' Equity (Deficit)	$	7,584,318		$	19,555,725

Note 1–Nature of Business

~~See Accompanying Notes to Consolidated Financial Statements.~~Organization

FCommunity Redevelopment, Inc. was incorporated in the State of Oklahoma on August 16th, 2010, under the name Crosswind Renewable Energy Corp. At the time of its creation, the Company had been engaged in marketing renewable energy, sales, and marketing of turbines, lighting, and solar energy sources. On July 6th, 2020, the company completed a transaction whereby changing the core business of the Company which is now that of the newly merged business called Community Redevelopment, Inc. Community Redevelopment, Inc. operates as a community-2oriented real estate redeveloper targeting economic growth and opportunity zones in secondary and tertiary value-added markets. The Company’s name was formally changed to Community Redevelopment Inc. (CRDV) on June 24th, 2020, as part of the overall transaction and to reflect the new mission of the company.

The Company changed its core business structure from solely multi-family housing to include different business verticals. The company Community Redevelopment Inc., will now operate as a business holding company and will target strategic businesses and targeted companies for incremental business growth in targeted verticals, such technical, accounting, small business financing, healthcare and business real estate.

~~Income~~We ~~Statement~~will build the company’s assets and revenues through targeted mergers, acquisitions and joint-ventures specifically of database technology, small business financial boutique companies, accounting firms, and businesses with manufacturing and real estate properties. We will provide an experienced management team with many years of management and business expertise to provide the highest levels of management support overseeing companies in different corporate verticals. Our vision is to identify, target and acquire companies that will help Community Redevelopment Inc., grow with timely acquisitions of businesses in multiple verticals. This will provide long-term value to investors while staying true to our mission of enhancing critical management of disparate vertical companies.

~~Audited~~Our focus is to acquire existing revenue based companies with experienced management, direction, growth and investment capital for growth of the companies and ultimately the parent company as the holder. This will provide long-term value to investors while staying true to our mission of enhancing communities.

	For the Fiscal Year Ended
	December, 31,
	2022			2021
Revenue	$	93,750		$	–
Cost of Services		(87,508	)		–
Gross Profit		6,242			–
Operating expenses:
General and Administrative		2,281,261			9,899,333
Total Operating Expenses		2,281,261			9,899,333
Loss from Operations		(2,275,019	)		(9,899,333	)
Other income (expense):
Interest expense		(583,921	)		(1,277,080	)
Other income		1,053			–
Change in the fair value of derivative		195,388			582,549
Total other income (Expense)		(387,479	)		(694,531	)
Loss from Continuing Operations		(2,662,498	)		(10,593,864	)
Loss from Discontinued Operations		(8,158,739	)		–
Net Loss	$	(10,821,237	)	$	(10,593,864	)
Other comprehensive income:
Unrealized gain (loss) on investments		–			(37,778,761	)
Total loss	$	(10,821,237	)	$	(48,372,625	)
Net (loss) per share attributable to common stockholders, basic and diluted	$	(0.22	)	$	(1.87	)
Weighted average shares outstanding, basic and diluted		49,368,370			25,935,749

Emerging Growth Company

~~See~~The ~~Accompanying~~Company ~~Notes~~is an “emerging growth company”, as defined in the Jumpstart Our Business Startups Act of 2012 (“JOBS Act”), and may take advantage of certain exemptions from various reporting requirements that are applicable to ~~Consolidated~~other ~~Financial~~public companies that are not “emerging growth companies” including, ~~Statements~~but not limited to, not being required to comply with the auditor attestation requirements of section 404(b) of the Sarbanes-Oxley Act, and exemptions from the requirements of Sections 14A(a) and (b) of the Securities Exchange Act of 1934 to hold a nonbinding advisory vote of stockholders on executive compensation and any golden parachute payments not previously approved.

~~F-3~~The Company has elected to use the extended transition period for complying with new or revised accounting standards under Section 102(b)(1) of the JOBS Act. This election allows us to delay the adoption of new or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies. As a result of this election, our financial statements may not be comparable to companies that comply with public company effective dates.

~~Community~~We ~~Redevelopment~~will ~~Inc~~remain an “emerging growth company” for up to five years, although we will lose that status sooner if our revenues exceed $100 million, if we issue more than $100,000 in non-convertible debt in a three-year period, or if the market value of our common stock that is held by non-affiliates exceeds $80 million as of the end of the second quarter of any fiscal year following the anniversary of the initial reporting.

~~Consolidated Statement of Stockholders' Equity (Deficit)~~15

~~Audited~~To the extent that we continue to qualify as a “smaller reporting company”, as such term is defined in Rule 12b-2 under the Securities Exchange Act of 1934, after we cease to qualify as an emerging growth company, certain of the exemptions available to us as an emerging growth company may continue to be available to us as a smaller reporting company, including: (1) not being required to comply with the auditor attestation requirements of Section 404(b) of the Sarbanes Oxley Act; (2) scaled executive compensation disclosures; and (3) the requirement to provide only two years of audited financial statements, instead of three years.

	Preferred Stock					Common Stock					Common Stock						Shares to be		Additional						Accumulated Other		Total
	Shares			Amount		Shares			Amount		Shares Committed			Amount			cancelled Amount		Paid-in Capital			Accumulated Deficit			Comprehensive Income		Stockholders' Deficit
Balance, December 31, 2020	–		$	–		1,250,488		$	1,250		1,000,000		$	1,000			0	$	123,798		$	(904,056	)	$	–	$	(778,008	)
Issuance of Common Stock for Services	–			–		23,827,039			23,827		(1,000,000	)		(1,000	)		–		9,534,290			–			–		9,557,117
Issuance of Common Stock for Debt	–			–		1,249,511			1,250		–			–			–		743,930			–			–		745,180
Issuance of Common Stock - Under the Merger Agreement	–			–		17,750,000			17,750		–			–			–		53,232,250			–			–		53,250,000
Issuance of Preferred Stock - Under the Merger Agreement	1,000,000			1,000		–			–		–			–			–		2,999,000			–			–		3,000,000
Net Loss	–			–		–			–		–			–			–		–			(48,372,625	)		–		(48,372,625	)
Balance, December 31, 2021	1,000,000			1,000		44,077,038			44,077		–			–			–		66,633,268			(49,276,680	)		–		17,401,665
Shares issued for services	–			–		11,314,262			11,314		–			–			–		1,211,911			–			–		1,223,225
Shares issued for conversion of Loan	–			–		1,420,700			1,421		–			–			–		71,594			–			–		73,015
Shares issued for membership interest in real estate	–			–		34,328,321			34,328		–			–			–		2,025,372			–			–		2,059,701
Shares Cancelled	(1,000,000	)		(1,000	)	(17,750,000	)		(17,750	)	–			–			–		(10,293,750	)		–			–		(10,312,500	)
Shares Committed to issue	–			–		–			–		250,000			10,000			–		–			–			–		10,000
Net Loss	–			–		–			–		–			–			–		–			(10,821,237	)		–		(10,821,237	)
Balance, December 31, 2022	–		$	–		73,390,321		$	73,390		250,000		$	10,000		$	–	$	59,648,395		$	(60,097,917	)	$	–	$	(366,132	)

Note 2- Going Concern

~~See~~The ~~Accompanying~~accompanying ~~Notes~~audited tofinancial ~~Consolidated~~statements have ~~Financial~~been prepared on a going concern basis, which contemplates the realization of assets and the satisfaction of liabilities in the normal ~~Statements~~course of business. The Company has accumulated loss of $700,086 as of December 31, 2023. These conditions raise substantial doubt about the ability of the Company to continue as a going concern.

~~F-4~~The ability of the Company to continue as a going concern is dependent upon its abilities to generate revenues, to continue to raise investment capital, and develop and implement its business plan. No assurance can be given that the Company will be successful in these efforts.

~~Community~~Note ~~Redevelopment~~3- ~~Inc.~~Significant Accounting Policies

~~Consolidated~~Basis ~~Statements~~ of ~~Cash Flows~~Presentation

~~Audited~~The accompanying audited financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S.

	For the Twelve Months Ended 12/31/2022			For the Twelve Months Ended 12/31/2021
Cash flow from Operating Activities
Net loss	$	(10,821,237	)	$	(48,372,625	)
Adjustments to reconcile net loss to net cash used in operating activities:
Loss from discontinued Operations		8,158,739			–
Shares Issued for services		1,223,225			9,557,117
Shares Issued for conversion of Loan		73,015			–
Shares issued for membership interest in real estate		2,059,701			37,778,761
Gain (Loss) on derivative liabilities		257,756			544,870
Change In:
Increase in Prepaid Expenses		(14,008	)		–
Increase in Accounts payable		15,581			74,098
Increase in Interest payable		30,403			30,093
Increase in Note payable		180,000			–
Increase in Accrued expenses		63,602			1,695
Net cash provided (used) in operating activities		1,226,775			(385,991	)
Cash flow from Investing Activities
Increase in short Term Investments		(220,004	)		–
Increase in long Term Investments		(7,248,577	)		–
Net cash used in investing activities		(7,468,581	)		–
Cash flow from Financing Activities
Increase/(Decrease) in Shareholder's loan		–			(38,041	)
Proceeds from shares committed		10,000			–
Proceeds from Loan		5,320,082			500,000
Decrease/Increase in short-term loan		(71,035	)		1,000,000
Net cash provided in financing activities		5,259,047			1,461,959
Net increase (decrease) in cash and cash equivalents		(982,757	)		1,075,968
Cash and Cash Equivalents at beginning of period		1,084,486			8,518
Cash and Cash Equivalents at end of period	$	101,728		$	1,084,486
Supplemental disclosure of cash flow information:
Supplemental disclosure of cash and non-cash financing activities
Share cancelled in the reversal of Investments in Real Estate Membership Interest in exchange of Stock	$	10,312,500		$	–
Share issued towards Investments in Real Estate Membership Interest in exchange of Stock	$	2,059,701		$	–
Shares issued for Services	$	1,223,225		$	–
Shares issued to settle notes payable	$	73,015		$	745,180
Cash paid for interest	$	127,638		$	70,556

GAAP”) for annual financial statement presentation and in accordance with Form 10-K.

~~See~~Use ~~Accompanying~~of ~~Notes to Consolidated Financial Statements.~~Estimates

FIn preparing the consolidated financial statements in conformity with U.S. GAAP, management makes estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities as of the dates of the consolidated financial statements, as well as the reported amounts of revenues and expenses during the reporting period. Significant estimates and assumptions made by management include, but are not limited to, revenue recognition, the allowance for bad debt, useful life of fixed assets, income taxes and unrecognized tax benefits, valuation allowance for deferred tax assets, and assumptions used in assessing impairment of long-5lived assets. Actual results could differ from those estimates.

~~Community~~The ~~Redevelopment~~COVID-19 ~~Inc~~pandemic has caused uncertainty and disruption in the global economy and financial markets. As a result, management’s estimates and assumptions may be subject to a higher degree of variability and volatility that may result in material differences from the current period.

~~Notes~~Cash toand ~~Consolidated~~Cash ~~Financial Statements~~Equivalents

~~December~~Cash ~~31,~~equivalents ~~2022~~consist of highly liquid investments with maturities of three months or less when purchased. Cash and ~~2021~~cash equivalents are on deposit with financial institutions without any restrictions.

~~Note~~Concentrations ~~1–Nature~~ of ~~Business~~Credit Risk and Off-Balance Sheet Arrangements

~~Organization~~Cash is a financial instrument that potentially subjects the Company to concentrations of credit risk. For all periods presented, substantially all of the Company’s cash was deposited in an account at a single financial institution that management believes is creditworthy. The Company is exposed to credit risk in the event of default by these financial institutions for amounts in excess of the Federal Deposit Insurance Corporation insured limits. The Company maintains its cash at a high-quality financial institution and has not incurred any losses to date.

~~Community~~We ~~Redevelopment,~~have ~~Inc.~~no ~~was~~off-balance ~~formed~~sheet onarrangements ~~August~~that ~~16,~~have ~~2010~~or asare ~~Crosswind~~reasonably ~~Renewable~~likely ~~Energy~~to ~~Corp.~~have ana ~~Oklahoma~~current ~~corporation~~or ~~and~~future ~~was~~effect ~~formally renamed~~ on ~~June~~our ~~24th~~financial condition, ~~2020.~~changes Wein ~~are~~financial ~~an emerging growth company. We were established to build upon community assets through real estate~~condition, ~~financial services and technology. Our~~revenues ~~experienced~~or ~~team has dedicated their careers to constructing high-quality mixed-use~~expenses, ~~multifamily~~results ~~residential, and commercial properties in a top metropolitan region as well our unique usage~~ of ~~the technology and finance industries. Our vision is to integrate our real estate development proprietary business model across multiple verticals in finance~~operations, ~~technology~~liquidity, ~~and~~capital ~~real~~expenditures ~~estate.~~or ~~This~~capital ~~will~~resources ~~provide~~that ~~long-term value~~is tomaterial ~~investors while staying true~~ to ~~our mission of enhancing communities~~investors.

~~Emerging Growth Company~~16

~~The~~Fair ~~Company~~Value ~~is an “emerging growth company”, as defined in the Jumpstart Our Business Startups Act~~ of ~~2012~~Financial (“JOBS Act”), and may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not “emerging growth companies” including, but not limited to, not being required to comply with the auditor attestation requirements of section 404(b) of the Sarbanes-Oxley Act, and exemptions from the requirements of Sections 14A(a) and (b) of the Securities Exchange Act of 1934 to hold a nonbinding advisory vote of stockholders on executive compensation and any golden parachute payments not previously approved.Instruments

The ~~Company~~carrying ~~has~~value ~~elected~~of tocash, ~~use~~accounts ~~the extended transition~~receivable, ~~period~~other ~~for~~receivable, ~~complying~~note ~~with~~receivable, ~~new~~other orcurrent ~~revised~~assets, ~~accounting~~accounts ~~standards~~payable, ~~under~~and ~~Section~~accrued ~~102(b)(1)~~expenses, ofif ~~the~~applicable, ~~JOBS~~approximate ~~Act.~~their ~~This~~fair values ~~election~~based ~~allows~~on ~~us to delay~~ the ~~adoption~~short-term maturity of ~~new~~these ~~or revised accounting standards that have different effective dates for public and private companies until those standards apply to private companies~~instruments. AsThe acarrying ~~result~~amounts of ~~this~~debt ~~election,~~were ~~our~~also ~~financial~~estimated ~~statements may not be comparable~~ to ~~companies~~approximate ~~that comply~~fair ~~with public company effective dates~~value.

WeThe ~~will~~Company ~~remain~~utilizes anthe ~~“emerging~~methods ~~growth~~of ~~company”~~fair value ~~for~~(“FV”) upmeasurement toas ~~five~~described ~~years,~~in ~~although~~ASC we820 ~~will~~to ~~lose~~value ~~that~~its ~~status~~financial ~~sooner~~assets ifand ~~our~~liabilities. ~~revenues~~As ~~exceed~~defined ~~$1.07~~in ~~billion~~ASC 820, ifFV weis ~~issue~~based on ~~more~~the ~~than~~price $1that ~~billion in~~would ~~non-convertible~~be ~~debt~~received into asell ~~three-year~~an ~~period,~~asset or ifpaid ~~the~~to transfer a liability in an orderly transaction between market ~~value~~participants at ofthe ~~our~~measurement ~~common~~date. ~~stock~~In ~~that~~order isto ~~held~~increase byconsistency ~~non-affiliates~~and ~~exceeds~~comparability ~~$700 million~~in asFV ofmeasurements, ~~the~~ASC ~~end~~820 ofestablishes ~~the~~a ~~second~~FV ~~quarter~~hierarchy ofthat prioritizes ~~any~~observable ~~fiscal~~and ~~year~~unobservable ~~following~~inputs ~~the~~used ~~anniversary~~to ofmeasure ~~the~~FV ~~initial~~into ~~reporting.~~three broad levels, which are described below:

ToLevel ~~the~~1 ~~extent~~– ~~that~~Quoted ~~we continue to qualify as~~prices aare ~~“smaller~~available ~~reporting company”, as such term is defined~~ in ~~Rule~~active ~~12b-2~~markets ~~under~~for ~~the~~identical ~~Securities~~assets ~~Exchange~~or ~~Act~~liabilities ~~of 1934, after we cease to qualify~~ as ~~an emerging growth company, certain~~ of the ~~exemptions~~reported ~~available~~date. toThe ustypes asof anassets ~~emerging~~and ~~growth~~liabilities ~~company may continue~~included toin beLevel ~~available~~1 toare ushighly asliquid aand ~~smaller~~actively ~~reporting~~traded ~~company,~~instruments ~~including: (1) not being required to comply~~ with ~~the~~quoted ~~auditor~~prices, ~~attestation~~such ~~requirements of~~as ~~Section~~equities ~~404(b)~~listed ofon the ~~Sarbanes~~New ~~Oxley~~York ~~Act;~~Stock ~~(2) scaled executive compensation disclosures; and (3) the requirement to provide only two years of audited financial statements, instead of three years~~Exchange.

~~Note~~Level 2 – Pricing inputs are other than quoted prices in active markets but are either directly or indirectly observable as of the reported date. The types of assets and liabilities in Level 2- ~~Going~~are ~~Concern~~typically either comparable to actively traded securities or contracts or priced with models using highly observable inputs.

~~The~~Level ~~accompanying~~3 ~~audited~~– ~~financial statements~~Significant ~~have~~inputs ~~been~~to ~~prepared~~pricing onthat aare ~~going~~unobservable ~~concern~~as ~~basis,~~of ~~which~~the ~~contemplates~~reporting ~~the~~date. ~~realization~~The types of assets and ~~the satisfaction of~~ liabilities included in ~~the~~Level ~~normal course~~3 ofare ~~business.~~those ~~The~~with inputs ~~Company~~requiring ~~has~~significant ~~accumulated~~management ~~loss~~judgment ofor ~~$60~~estimation,~~097,918~~ such as ofcomplex ~~December~~and ~~31,~~subjective ~~2022.~~models ~~These~~and ~~conditions~~forecasts ~~raise~~used ~~substantial~~to ~~doubt~~determine ~~about~~ the ~~ability~~fair value of ~~the~~financial ~~Company~~transmission ~~to continue as a going concern~~rights.

~~The~~Our ~~ability~~financial instruments consist of ~~the~~our ~~Company~~accounts payable, toaccrued ~~continue~~expenses as- arelated ~~going concern~~party isand ~~dependent~~loan ~~upon~~payable ~~its~~– ~~abilities~~related toparty. ~~generate~~The ~~revenues,~~carrying toamount ~~continue~~of toour ~~raise~~prepaid ~~investment~~accounts ~~capital~~payable, accrued ~~and~~expenses- ~~develop~~related parties and ~~implement~~loan ~~its~~payable ~~business plan.~~– Norelated ~~assurance~~party ~~can~~approximates betheir ~~given~~fair ~~that~~values ~~the~~because ~~Company~~of ~~will~~the beshort-term ~~successful~~maturities of in these ~~efforts~~instruments.

~~Note 3- Significant Accounting Policies~~Investments

~~Basis~~A non-controlling, unconsolidated ownership interest in an entity may be accounted for using one of: ~~Presentation~~(i) equity method where applicable; (ii) fair value option if elected; (iii) fair value through earnings if fair value is readily determinable, including election of net asset value (“NAV”) practical expedient where applicable; or (iv) for equity investments without readily determinable fair values, the measurement alternative to measuring at cost adjusted for any impairment and observable price changes, as applicable.

~~The~~Changes ~~accompanying audited financial statements have been prepared~~ in ~~accordance~~fair ~~with~~value ~~accounting~~of ~~principles~~equity ~~generally~~method ~~accepted~~investments are recorded in ~~the~~realized ~~United~~and ~~States~~unrealized ~~(“U.S.~~gains ~~GAAP”~~(losses) ~~for~~in ~~annual financial~~the ~~statement~~condensed ~~presentation~~combined and inconsolidated ~~accordance~~statements ~~with~~of ~~Form 10-K~~operations.

~~F-6~~Derivative liabilities

~~Use~~The Company identified the conversion feature of ~~Estimates~~convertible notes payable as derivatives.

InWe ~~preparing~~estimate the ~~consolidated~~fair ~~financial~~value ~~statements in~~of ~~conformity~~the ~~with~~derivatives using ~~U.S.~~multinomial ~~GAAP,~~lattice ~~management~~models ~~makes~~that ~~estimates~~value ~~and~~the ~~assumptions~~derivative ~~that~~liabilities ~~affect~~based ~~the~~on ~~reported~~a ~~amounts~~probability-weighted ofcash ~~assets~~flow ~~and~~model ~~liabilities~~using ~~and~~projections ~~disclosures~~ of ~~contingent~~the ~~assets~~various ~~and~~potential ~~liabilities~~outcomes. asThese ofestimates ~~the~~are ~~dates~~based ofon ~~the~~multiple ~~consolidated financial statements~~inputs, asincluding ~~well as~~ the ~~reported~~market ~~amounts~~ price of ~~revenues~~our ~~and~~stock, ~~expenses~~interest ~~during~~rates, our ~~the~~stock ~~reporting~~price ~~period.~~volatility ~~Significant~~and management’s estimates ~~and~~of ~~assumptions~~various ~~made~~potential byequity ~~management~~financing ~~include,~~transactions. ~~but~~These inputs are ~~not limited~~subject to, ~~revenue~~significant ~~recognition,~~changes ~~the~~from ~~allowance~~period ~~for~~to ~~bad~~period ~~debt,~~and ~~useful~~to ~~life~~management's ofjudgment; ~~fixed assets~~therefore, ~~income~~the ~~taxes~~estimated ~~and~~fair ~~unrecognized~~value ~~tax~~of ~~benefits,~~the ~~valuation~~derivative liabilities ~~allowance~~will ~~for~~fluctuate ~~deferred~~from ~~tax~~period ~~assets~~to period, and ~~assumptions~~the ~~used~~fluctuation inmay ~~assessing~~be ~~impairment of long-lived assets~~material. ~~Actual results could differ from those estimates.~~

The COVID-19 pandemic has caused uncertainty and disruption in the global economy and financial markets. As a result, management’s estimates and assumptions may be subject to a higher degree of variability and volatility that may result in material differences from the current period.17

~~Cash~~Fair ~~and~~value ~~Cash~~of ~~Equivalents~~financial instruments

~~Cash~~Under ~~equivalents~~Financial ~~consist~~Accounting ofStandards ~~highly~~Board ~~liquid~~(“FASB”) Accounting ~~investments~~Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments, ~~with~~the ~~maturities~~FASB ofestablishes ~~three~~a ~~months~~framework orfor ~~less~~measuring ~~when~~fair ~~purchased.~~value ~~Cash~~in generally accepted accounting principles and ~~cash~~expands ~~equivalents~~disclosures ~~are~~about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on ~~deposit~~the ~~with~~Company's consolidated financial ~~institutions~~statements ~~without~~as reflected herein. The carrying amounts of cash, prepaid ~~any~~expense ~~restrictions~~and other current assets, accounts payable, accrued expenses and notes payable reported on the accompanying consolidated balance sheets are estimated by management to approximate fair value primarily due to the short-term nature of the instruments.

~~Concentrations~~An ofentity ~~Credit~~is ~~Risk~~required to maximize the use of observable inputs and ~~Off-Balance Sheet~~ minimize the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective ~~Arrangements~~evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value:

~~Cash~~Level is1 aapplies ~~financial instrument that potentially subjects the Company~~ to ~~concentrations~~assets ofor ~~credit~~liabilities ~~risk.~~for ~~For~~which ~~all~~there ~~periods presented, substantially all of the~~are ~~Company’s~~quoted ~~cash~~prices ~~was deposited~~ in anactive ~~account~~markets ~~at a single financial institution that management believes is creditworthy. The Company is exposed to credit risk in the event of default by these financial institutions~~ for ~~amounts~~identical inassets ~~excess~~or ~~of the Federal Deposit Insurance Corporation insured limits~~liabilities. ~~The Company maintains its cash at a high-quality financial institution and has not incurred any losses to date.~~

WeLevel ~~have~~2 ~~no off-balance sheet arrangements~~applies ~~that~~to ~~have~~assets or ~~are~~liabilities ~~reasonably~~for ~~likely~~which tothere ~~have~~are inputs aother ~~current~~than orquoted ~~future~~prices ~~effect~~that onare ~~our~~observable ~~financial~~for ~~condition,~~the ~~changes~~asset ~~in financial condition, revenues~~ or ~~expenses,~~liability ~~results~~such ofas ~~operations,~~quoted ~~liquidity,~~prices ~~capital~~for ~~expenditures~~similar assets or ~~capital~~liabilities in ~~resources~~markets that isare ~~material~~not ~~to investors~~active.

~~Fair~~Level ~~Value~~3 applies to assets or liabilities for which there are unobservable inputs to the valuation methodology that are significant to the measurement of ~~Financial~~the ~~Instruments~~fair value of the assets or liabilities.

~~The~~Our ~~carrying~~derivative ~~value~~liabilities ofare ~~cash,~~measured ~~accounts~~at ~~receivable, other receivable, note receivable, other current assets, accounts payable, and accrued expenses, if applicable, approximate their~~ fair ~~values~~ ~~based~~value on ~~the~~a ~~short-term~~recurring basis ~~maturity~~and ~~of these instruments. The carrying amounts of debt were also~~ estimated toas ~~approximate fair value.~~follows:

The Company utilizes the methods of fair value (“FV”) measurement as described in ASC 820 to value its financial assets and liabilities. As defined in ASC 820, FV is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. In order to increase consistency and comparability in FV measurements, ASC 820 establishes a FV hierarchy that prioritizes observable and unobservable inputs used to measure FV into three broad levels, which are described below:

December 31, 2023	Total		Level 1		Level 2		Level 3

Derivative liabilities	$	747,070	$	–	$	–	$	747,070

Level 1 – Quoted prices are available in active markets for identical assets or liabilities as of the reported date. The types of assets and liabilities included in Level 1 are highly liquid and actively traded instruments with quoted prices, such as equities listed on the New York Stock Exchange.

December 31, 2022	Total		Level 1		Level 2		Level 3

Derivative liabilities	$	747,070	$	–	$	–	$	747,070

~~Level~~Non-controlling 2 – Pricing inputs are other than quoted prices in active markets but are either directly or indirectly observable as of the reported date. The types of assets and liabilities in Level 2 are typically either comparable to actively traded securities or contracts or priced with models using highly observable inputs.Interests

~~Level~~Non-controlling 3interests –represent ~~Significant~~the share ~~inputs~~of toconsolidated ~~pricing~~entities ~~that~~owned ~~are~~by ~~unobservable~~third ~~as of the reporting date~~parties. ~~The~~Community ~~types~~Redevelopment ofrecognizes ~~assets~~each ~~and~~non-controlling ~~liabilities~~ownership ~~included~~at inthe ~~Level~~estimated ~~3 are those with~~fair ~~inputs~~value ~~requiring~~of ~~significant~~the ~~management~~net ~~judgment~~assets orat ~~estimation, such as complex and subjective models and forecasts used to determine~~ the ~~fair~~date ~~value~~ of ~~financial~~formation ~~transmission~~or ~~rights~~acquisition.

~~F-7~~Related Parties

~~Our~~The ~~financial~~Company ~~instruments~~follows ~~consist~~subtopic ~~of our accounts payable, accrued expenses~~ 850-10 ~~related~~of ~~party~~the ~~and~~FASB ~~loan~~ASC ~~payable~~for –the ~~related party. The carrying amount~~ identification of ~~our prepaid accounts payable, accrued expenses-~~ related parties and ~~loan~~disclosure ~~payable~~of – related party ~~approximates~~transactions. ~~their~~Pursuant ~~fair~~to ~~values~~Section ~~because of the short~~850-~~term~~10-20 ~~maturities of~~related ~~these~~parties ~~instruments.~~include:

~~Investments~~a. affiliates of the Company; b. entities for which investments in their equity securities would be required, absent the election of the FV option under the FV Option Subsection of Section 825–10–15, to be accounted for by the equity method by the investing entity; c. trusts for the benefit of employees, such as pension and profit-sharing trusts that are managed by or under the trusteeship of management; d. principal owners of the Company; e. management of the Company; f. other parties with which the Company may deal if one party controls or can significantly influence the management or operating policies of the other to an extent that one of the transacting parties might be prevented from fully pursuing its own separate interests; and g. other parties that can significantly influence the management or operating policies of the transacting parties or that have an ownership interest in one of the transacting parties and can significantly influence the other to an extent that one or more of the transacting parties might be prevented from fully pursuing its own separate interests.

A non-controlling, unconsolidated ownership interest in an entity may be accounted for using one of: (i) equity method where applicable; (ii) fair value option if elected; (iii) fair value through earnings if fair value is readily determinable, including election of net asset value (“NAV”) practical expedient where applicable; or (iv) for equity investments without readily determinable fair values, the measurement alternative to measuring at cost adjusted for any impairment and observable price changes, as applicable.18

~~Changes~~The infinancial ~~fair~~statements ~~value~~shall include disclosures of ~~equity~~material-related ~~method~~party ~~investments are~~transactions, ~~recorded~~other inthan ~~realized~~compensation arrangements, expense allowances, and ~~unrealized~~other ~~gains~~similar ~~(losses)~~items in the ~~condensed~~ordinary course ~~combined~~of ~~and~~business. ~~consolidated~~However, ~~statements~~disclosure of ~~operations~~transactions that are eliminated in the preparation of financial statements is not required in those statements.

~~Derivative~~The ~~liabilities~~disclosures shall include: a. the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.

~~The~~Revenue ~~Company identified the conversion feature of convertible notes payable as derivatives.~~Recognition

WeIn ~~estimate~~May 2014 the ~~fair~~FASB ~~value~~issued ofAccounting ~~the derivatives~~Standards ~~using~~Update ~~multinomial~~(“ASU”) ~~lattice~~No. ~~models~~2014-09, ~~that~~Revenue ~~value~~from ~~the~~Contracts ~~derivative~~with ~~liabilities~~Customers ~~based~~(Topic on606), which supersedes all existing revenue recognition requirements, including most industry specific guidance. This new standard requires a ~~probability-weighted~~company ~~cash~~to ~~flow~~recognize ~~model~~revenues ~~using~~when ~~projections~~it transfers ofgoods or services to customers in an amount that reflects the ~~various~~consideration ~~potential~~that ~~outcomes~~the company expects to receive for those goods or services. The ~~These~~FASB ~~estimates~~subsequently ~~are~~issued ~~based~~the onfollowing ~~multiple~~amendments ~~inputs,~~to ~~including~~ASU No. 2014-09 that have the ~~market~~same ~~price~~effective ofdate ~~our~~and ~~stock,~~transition ~~interest~~date: ~~rates,~~ASU No. ~~our~~2016-08, ~~stock~~Revenue ~~price~~from ~~volatility~~Contracts ~~and~~with ~~management’s~~Customers ~~estimates~~(Topic of606): ~~various~~Principal ~~potential~~versus ~~equity~~Agent ~~financing~~Considerations; ~~transactions~~ASU No. ~~These~~2016-10, ~~inputs~~Revenue ~~are~~from ~~subject~~Contracts towith ~~significant~~Customers ~~changes~~(Topic ~~from~~606): ~~period~~Identifying toPerformance ~~period~~Obligations and toLicensing; ~~management's~~ASU ~~judgment;~~No. ~~therefore~~2016-12, ~~the~~Revenue ~~estimated~~from ~~fair~~Contracts ~~value~~with ofCustomers (Topic ~~the~~606): ~~derivative~~Narrow-Scope ~~liabilities will~~Improvements ~~fluctuate~~and ~~from~~Practical ~~period~~Expedients; toand ~~period~~ASU No. 2016-20, Technical Corrections and ~~the~~Improvements ~~fluctuation~~to ~~may~~Topic 606, beRevenue ~~material~~from Contracts with Customers. The Company adopted these amendments with ASU 2014-09 (collectively, the new revenue standards).

~~Fair~~Revenues ~~value~~are recognized when control of ~~financial~~the ~~instruments~~promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:

~~Under~~Step ~~Financial~~1: ~~Accounting~~Identify ~~Standards~~the ~~Board~~ contract(~~“FASB”~~s) ~~Accounting~~with Standards Codification (“ASC”) 820, Fair Value Measurements and Disclosures, and ASC 825, Financial Instruments, the FASB establishes a framework for measuring fair value in generally accepted accounting principles and expands disclosures about fair value measurements. This Statement reaffirms that fair value is the relevant measurement attribute. The adoption of this standard did not have a material effect on the Company's consolidated financial statements as reflected herein. The carrying amounts of cash, prepaid expense and other current assets, accounts payable, accrued expenses and notes payable reported on the accompanying consolidated balance sheets are estimated by management to approximate fair value primarily due to the short-term nature of the instruments.customers

AnStep ~~entity~~2: isIdentify ~~required to maximize~~ the ~~use~~performance ~~of observable~~obligations ~~inputs~~in ~~and minimize~~ the use of unobservable inputs when measuring fair value using a hierarchy based on the level of independent, objective evidence surrounding the inputs used to measure fair value. A financial instrument’s categorization within the fair value hierarchy is based upon the lowest level of input that is significant to the fair value measurement. The hierarchy prioritized the inputs into three levels that may be used to measure fair value:contract

~~Level~~Step 13: ~~applies~~Determine tothe ~~assets~~transaction ~~or liabilities for which there are quoted prices in active markets for identical assets or liabilities.~~price

~~Level~~Step 24: ~~applies~~Allocate ~~to assets or liabilities for which there are inputs other than quoted prices that are observable for~~ the ~~asset~~transaction orprice ~~liability~~to ~~such~~performance ~~as quoted prices for similar assets or liabilities in markets that are not active.~~obligations

~~Level~~Step 35: ~~applies~~Recognize torevenue ~~assets~~when ~~or liabilities for which there are unobservable inputs to~~ the ~~valuation~~entity ~~methodology~~satisfies ~~that~~a ~~are~~performance ~~significant to the measurement of the fair value of the assets or liabilities.~~obligation

~~F-8~~Service revenues are recognized as the services are performed in proportion to the transfer of control to the customer and real estate revenues are recognized at the time of sale when consideration has been exchanged and the title has been conveyed to the buyer. At this time, we have not identified specific planned revenue streams.

~~Our~~Basic ~~derivative~~Income ~~liabilities~~(Loss) ~~are~~Per ~~measured at fair value on a recurring basis and estimated as follows:~~ Share

Schedule of derivative liabilities
December 31, 2022	Total		Level 1		Level 2		Level 3
Derivative liabilities	$	747,070	$	–	$	–	$	747,070

Under the provisions of ASC 260, “Earnings per Share,” basic loss per common share is computed by dividing net loss available to common shareholders by the weighted average number of shares of common stock outstanding for the periods presented. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts to issue common stock were exercised or converted into common stock or resulted in the issuance of common stock that would then share in the income of the Company, subject to anti-dilution limitations.

December 31, 2021	Total			Level 1			Level 2		Level 3
	For the Year Ended December 31,
Derivative liabilities	$	942,458		$	–		$	–		942,458
	2023			2022
Numerator:
Net loss	$	(700,086	)	$	(10,821,237	)
Denominator:
Weighted average common shares outstanding—basic		76,877,471			49,368,370
Dilutive common stock equivalents
Weighted average common shares outstanding—diluted		76,877,471			49,368,370
Net loss per share:
Basic	$	(0.009	)	$	(0.22	)
Diluted	$	(0.009	)	$	(0.22	)

~~Non-controlling Interests~~19

~~Non-controlling~~Realized ~~interests~~and ~~represent~~Unrealized ~~the~~Gains share of consolidated entities owned by third parties. Community Redevelopment recognizes each non-controlling ownership at the estimated fair value of the net assets at the date of formation or acquisition.(Losses)

~~Related~~Realized ~~Parties~~gains (losses) occur when the Company redeems all or a portion of its investment or when the Company receives cash income, such as dividends or distributions. Unrealized appreciation (depreciation) results from changes in the fair value of the underlying investment as well as from the reversal of previously recognized unrealized appreciation (depreciation) at the time an investment is realized. Realized and unrealized gains (losses) are presented together as realized and unrealized gains (losses) in the condensed combined and consolidated statements of operations.

~~The~~Income ~~Company follows subtopic 850-10 of the FASB ASC for the identification of related parties and disclosure of related party transactions. Pursuant to Section 850-10-20 related parties include:~~Taxes

a.The ~~affiliates of the~~ Company; b.accounts ~~entities~~ for ~~which~~income ~~investments~~taxes inusing ~~their equity securities would be required, absent~~ the asset ~~election~~and ofliability ~~the~~approach FVthat ~~option~~requires ~~under~~ the FVrecognition ~~Option Subsection~~ of ~~Section~~deferred ~~825–10–15,~~tax toassets beand ~~accounted~~liabilities for by the ~~equity~~expected ~~method~~future bytax ~~the investing entity; c. trusts for the benefit~~ consequences of ~~employees,~~events ~~such as pension and profit-sharing trusts~~ that ~~are~~have ~~managed~~been byrecognized orin ~~under~~ the ~~trusteeship of management; d. principal owners of the~~ Company;’s e.financial ~~management~~statements ofor ~~the~~tax ~~Company; f~~returns. ~~other~~In ~~parties~~estimating ~~with~~future ~~which~~tax consequences, the Company ~~may~~generally ~~deal~~considers ifall ~~one~~expected ~~party~~future ~~controls~~events orother ~~can~~than ~~significantly~~enactments ~~influence the management or operating policies~~ of ~~the~~changes ~~other~~in ~~to an extent that one of~~ the ~~transacting~~tax ~~parties might be prevented from fully pursuing its own separate interests; and g~~law. ~~other~~For ~~parties~~deferred ~~that~~tax ~~can~~assets, ~~significantly~~management evaluates ~~influence~~ the ~~management~~probability ~~or operating policies~~ of realizing the ~~transacting~~future ~~parties~~benefits orof ~~that~~such ~~have~~assets. anThe ~~ownership~~Company ~~interest~~establishes invaluation ~~one~~allowances offor ~~the~~its ~~transacting~~deferred tax ~~parties~~assets ~~and~~when ~~can~~evidence ~~significantly~~suggests ~~influence~~it ~~the~~is ~~other~~unlikely ~~to an extent~~ that ~~one or more of~~ the ~~transacting~~assets ~~parties~~will ~~might~~ be ~~prevented from~~ fully ~~pursuing its own separate interests~~realized.

The ~~financial~~Company ~~statements~~recognizes ~~shall~~the ~~include~~tax ~~disclosures~~ effects of ~~material-related~~an ~~party~~uncertain tax ~~transactions,~~position ~~other~~only if it is more likely than ~~compensation~~not ~~arrangements,~~to ~~expense~~be ~~allowances,~~sustained ~~and~~based ~~other~~solely ~~similar~~on ~~items~~its intechnical merits as of the ~~ordinary~~reporting date and then ~~course~~only ofin ~~business.~~an ~~However,~~amount ~~disclosure~~more oflikely ~~transactions~~than not to be sustained upon review by the tax authorities. Income tax positions that ~~are~~previously ~~eliminated~~failed to meet the more likely than not threshold is recognized in the ~~preparation~~first ofsubsequent financial ~~statements~~reporting period in which that threshold is met. Previously recognized tax positions that no longer meet the more likely than not ~~required~~threshold is derecognized in the first subsequent financial reporting period in ~~those~~which that threshold is no longer met. The Company classifies potential accrued interest and penalties related to unrecognized tax benefits within the accompanying consolidated statements of operations and comprehensive income (loss) as income tax expense.

~~The~~Comprehensive disclosures shall include: a. the nature of the relationship(s) involved; b. a description of the transactions, including transactions to which no amounts or nominal amounts were ascribed, for each of the periods for which income statements are presented, and such other information deemed necessary to an understanding of the effects of the transactions on the financial statements; c. the dollar amounts of transactions for each of the periods for which income statements are presented and the effects of any change in the method of establishing the terms from that used in the preceding period; and d. amounts due from or to related parties as of the date of each balance sheet presented and, if not otherwise apparent, the terms and manner of settlement.Income

~~F-9~~Other comprehensive income consists of net income and other appreciation (depreciation) affecting the Company that, under GAAP, are excluded from net income.

~~Revenue~~New ~~Recognition~~Accounting Pronouncements

In ~~May~~June ~~2014~~2016, the FASB issued ~~Accounting Standards Update (“~~ASU”) ~~No. 2014~~2016-0913, ~~Revenue~~Measurement of ~~from~~Credit ~~Contracts~~Losses ~~with~~on ~~Customers~~Financial Instruments (Topic ~~606~~326),: ~~which~~Measurement ~~supersedes~~of ~~all~~Credit ~~existing~~Losses ~~revenue~~on ~~recognition requirements,~~Financial ~~including~~Instruments ~~most~~(“ASU ~~industry specific guidance~~2016-13”). ASU ~~This~~2016-13 ~~new standard~~ requires acompanies ~~company~~ to ~~recognize~~measure ~~revenues~~credit ~~when~~losses itutilizing ~~transfers goods~~a ormethodology ~~services to customers in an amount~~ that reflects ~~the~~expected ~~consideration~~credit ~~that~~losses ~~the~~and ~~company~~requires ~~expects~~a ~~to receive for those goods or services.~~consideration ~~The~~of ~~FASB~~a ~~subsequently~~broader ~~issued~~range ~~the~~of ~~following~~reasonable ~~amendments to ASU No. 2014-09 that have the same effective date~~ and ~~transition~~supportable ~~date:~~information ~~ASU~~to ~~No. 2016-08,~~inform ~~Revenue~~credit ~~from~~loss ~~Contracts with Customers (Topic 606): Principal versus Agent Considerations; ASU No~~estimates. ~~2016-10, Revenue from Contracts with Customers (Topic 606): Identifying Performance Obligations and Licensing;~~ ASU ~~No.~~ 2016-~~12,~~13 ~~Revenue~~is ~~from~~effective ~~Contracts~~for ~~with~~fiscal ~~Customers~~years ~~(Topic~~beginning ~~606):~~after ~~Narrow-Scope~~December ~~Improvements~~15, ~~and Practical Expedients; and ASU No. 2016-20~~2022, ~~Technical~~including ~~Corrections~~those ~~and~~interim ~~Improvements~~periods towithin ~~Topic 606,~~those ~~Revenue~~fiscal ~~from~~years. ~~Contracts~~We ~~with~~did ~~Customers.~~not ~~The~~expect ~~Company~~the ~~adopted~~adoption ~~these~~of ~~amendments~~this guidance ~~with~~have ~~ASU~~a ~~2014-09~~material ~~(collectively,~~impact ~~the~~on ~~new~~its ~~revenue~~consolidated ~~standards)~~financial statements.

~~Revenues~~Note ~~are~~4 ~~recognized~~– ~~when~~Authorized control of the promised goods or services are transferred to a customer, in an amount that reflects the consideration that the Company expects to receive in exchange for those goods or services. The Company applies the following five steps in order to determine the appropriate amount of revenue to be recognized as it fulfills its obligations under each of its agreements:Shares

~~Step~~Common ~~1: Identify the contract(s) with customers~~Stock

~~Step~~The 2:Company ~~Identify~~is authorized to issue up to 500,000,000 shares of common stock, par value $0.001 par value. Each outstanding share of common stock entitles the ~~performance~~holder to ~~obligations~~one vote per share on all matters submitted to a stockholder vote. All shares of common stock are non-assessable and non-cumulative, inwith ~~the~~no ~~contract~~pre-emptive rights.

~~Step~~Preferred ~~3: Determine the transaction price~~shares

~~Step~~The 4:Company ~~Allocate~~has ~~the~~5,000,000 (Five ~~transaction~~Million) ~~price~~shares of preferred stock, with conversion rights of 1:1 (one to ~~performance~~one), but with 30:1 voting rights. As of December 31, ~~obligations~~2023, 0 shares of preferred stock were issued and outstanding.

~~Step 5: Recognize revenue when the entity satisfies a performance obligation~~20

~~Service~~Note ~~revenues~~5 ~~are~~- ~~recognized~~Investments ~~as the services are performed~~ in ~~proportion~~Real toEstate ~~the~~Joint transfer of control to the customer and real estate revenues are recognized at the time of sale when consideration has been exchanged and the title has been conveyed to the buyer. At this time, we have not identified specific planned revenue streams.Ventures

~~Basic~~There ~~Income~~are ~~(Loss)~~no ~~Per~~new ~~Share~~investments in the fiscal year 2023

~~Under~~See ~~the~~note ~~provisions~~8 ofunder ~~ASC~~Stock ~~260,~~Equity ~~“Earnings per~~and ~~Share,”~~refer ~~basic loss per common share is computed by dividing net loss available~~ to ~~common~~last ~~shareholders~~paragraph byon ~~the~~page ~~weighted average~~related ~~number of shares of common stock outstanding for the periods presented. Diluted net loss per share reflects the potential dilution that could occur if securities or other contracts~~ to ~~issue~~Real ~~common~~Estate ~~stock~~Joint ~~were~~Ventures ~~exercised~~and orRed ~~converted~~Hills ~~into~~Capital ~~common stock or resulted in the issuance of common stock that would then share in the income of the Company~~Advisors, ~~subject to anti-dilution limitations~~LLC.

Schedule of earnings per share
	December 31, 2022			December 31, 2021
Numerator:
Net loss	$	(10,821,237	)	$	(48,372,625	)
Denominator:
Weighted average common shares outstanding—basic		49,368,370			25,935,749
Dilutive common stock equivalents
Weighted average common shares outstanding—diluted		49,368,370			25,935,749
Net loss per share:
Basic	$	(0.22	)	$	(1.87	)
Diluted	$	(0.22	)	$	(1.87	)

We have recorded the 2022 acquisitions as follows:

F-10

	December 31, 2022
Restricted Cash	$	160,503
Prepaids		6,000
Land		4,514,000
Building		1,611,000
Deferred financing costs, net		278,168
Total acquisition cost		6,569,671
Accrued expenses		(8,602	)
Outstanding balance on assumed mortgages		(5,598,250	)
Total carrying amounts recorded	$	962,819

~~Realized~~The company continues to review and ~~Unrealized~~may ~~Gains~~adjust ~~(Losses)~~the purchase price allocations during the one-year window.

~~Realized~~Note ~~gains~~6 ~~(losses)~~- ~~occur~~Notes when the Company redeems all or a portion of its investment or when the Company receives cash income, such as dividends or distributions. Unrealized appreciation (depreciation) results from changes in the fair value of the underlying investment as well as from the reversal of previously recognized unrealized appreciation (depreciation) at the time an investment is realized. Realized and unrealized gains (losses) are presented together as realized and unrealized gains (losses) in the condensed combined and consolidated statements of operations.Payable

~~Income~~Convertible notes ~~Taxes~~payable, consist of the following at December 31, 2023:

The Company accounts for income taxes using the asset and liability approach that requires the recognition of deferred tax assets and liabilities for the expected future tax consequences of events that have been recognized in the Company’s financial statements or tax returns. In estimating future tax consequences, the Company generally considers all expected future events other than enactments of changes in the tax law. For deferred tax assets, management evaluates the probability of realizing the future benefits of such assets. The Company establishes valuation allowances for its deferred tax assets when evidence suggests it is unlikely that the assets will be fully realized.

	2023		2022
Note payable to an unrelated party, matured April 08, 2022, with interest at 10%, convertible into common shares of the Company	$	277,778	$	277,778
Note payable to an unrelated party, matured September 20, 2022, with interest at 10%, convertible into common shares of the Company		277,778		277,778
Less discount		–		–
Total	$	555,556	$	555,556

~~The~~On ~~Company~~December ~~recognizes~~31, 2023 the ~~tax~~company ~~effects~~secured ~~of an~~Convertible ~~uncertain~~Promissory ~~tax~~Notes ~~position~~for ~~only~~a iftotal ~~it is more likely than not to be sustained based solely on its technical merits as of the reporting date and then only in an~~ amount ~~more likely than not to be sustained upon review by the tax authorities~~$494,987.58 ~~Income~~issued ~~tax positions that previously failed~~ to ~~meet~~Phillip ~~the~~Sands, ~~more~~Michael ~~likely~~Zinc, ~~than~~Midfett ~~not~~Parker, ~~threshold~~Thomas isRand, ~~recognized~~Laura inFritts, ~~the first subsequent financial reporting period in which that threshold~~First isFunding, ~~met.~~SC ~~Previously~~& ~~recognized~~H, ~~tax~~Doty ~~positions~~Scott ~~that~~Enterprise, noPractice ~~longer~~LLP, ~~meet~~Insight ~~the~~Accounting, ~~more~~Leonite ~~likely~~Capital, ~~than~~Rent ~~not~~Coetzee, ~~threshold~~Global isOne, ~~derecognized in the first subsequent financial reporting period in which that threshold is no longer met. The Company classifies potential accrued interest~~ and ~~penalties related~~M toS ~~unrecognized tax benefits within the accompanying consolidated statements of operations and comprehensive income (loss) as~~Madhava ~~income tax expense~~Rao.

~~Comprehensive Income~~21

~~Other~~Note ~~comprehensive~~7 ~~income~~- ~~consists~~Short ofTerm ~~net income and other appreciation (depreciation) affecting the Company that, under GAAP, are excluded from net income.~~Loan

~~New~~On ~~Accounting~~November ~~Pronouncements~~30, 2021, the Company executed a short-term loan of $1,000,000 Secured Note, by 1,500,000 shares of CRDV stock (reserved in bank’s name, subject to loan and stock pledge agreement with NextBank International, Inc, and secured by the then president of the company Mr. Garfield Antonio, as a personal guarantor.

InPer ~~June 2016,~~ the ~~FASB~~terms ~~issued ASU 2016-13, Measurement~~ of ~~Credit~~the ~~Losses~~Agreements onwith ~~Financial~~NextBank International, ~~Instruments~~Inc, ~~(Topic~~the ~~326):~~Company ~~Measurement~~may ofborrow ~~Credit~~up ~~Losses on Financial Instruments (“ASU 2016-13”). ASU 2016-13 requires companies~~ to ~~measure~~$1,000,000; ~~credit~~which ~~losses~~is ~~utilizing~~open awith ~~methodology~~the ~~that~~right ~~reflects~~of ~~expected~~redemption ~~credit~~for ~~losses~~one ~~and~~year ~~requires~~against athe ~~consideration~~collateral of ~~a broader range of reasonable and supportable information to inform credit loss estimates. ASU 2016-13 is effective for fiscal years beginning after December 15~~1, ~~2022~~500,000 ~~including~~shares ~~those interim periods within those fiscal years. We did not expect the adoption~~ of ~~this guidance~~CRDV ~~have a material impact on its consolidated financial statements~~stock.

~~F-11~~The Private Note has a 7.5% fixed rate that matures on November 30, 2022. As of September 30, 2022, the company has withdrawn the full amount net of the loan less the loan fees.

~~Note~~On September 30, 2022, NextBank International, Inc, has entered into an agreement whereby it will convert the outstanding balance for shares at a strike price of $0.05, not to exceed 4.9% –of ~~Authorized~~the ~~Shares~~then issued and outstanding shares of the Company. As of September 30, 2022, 1,420,700 shares have been committed to be converted in exchange for $71,035 of the outstanding balance and these shares were issued to Next Bank on October 4, 2022.

~~The~~Note ~~Company~~8 is authorized to issue up to 500,000,000 shares of common stock, par value $0.001 per share. Each outstanding share of common stock entitles the holder to one vote per share on all matters submitted to a stockholder vote. All shares of common stock are non-~~assessable~~ ~~and~~Derivative ~~non-cumulative,~~Financial ~~with no pre-emptive rights.~~Instruments

~~Additionally,~~ The Company ~~has~~is ~~5,000,000~~exposed ~~(Five~~to certain risks arising ~~Million)~~from ~~shares~~both business operations and economic conditions, including interest rate risk. To mitigate the impact of ~~preferred~~interest ~~stock~~rate, ~~with~~the ~~conversion~~Company enters ~~rights~~into derivative financial instruments. The Company maintains the majority of ~~1:1~~its ~~(one~~overall tointerest ~~one),~~rate ~~but~~exposure ~~with~~on ~~30:1~~floating ~~voting~~rate borrowings ~~rights~~to a fixed-rate basis.

AsDerivative part of the corporate restructuring in specific preparation for this merger, on September 15th, 2021, the Company Reduced its Authorized shares from 3 billion to five hundred million and created the above-referenced Preferred Class with 1:1 conversion and 30:1 voting rights.Instruments

~~During~~The ~~the~~fair ~~Twelve~~value ~~months~~of ~~ending~~interest ~~December~~rate ~~31,~~swaps is included ~~2022,~~within ~~73,390,321~~Other ~~shares~~non-current ofliabilities ~~common~~in ~~and~~the 0Consolidated ~~shares~~Balance ofSheets. ~~preferred~~The ~~were~~Company ~~issued~~does ~~and~~not ~~outstanding~~net derivatives in the Consolidated Balance Sheets.

~~Note 5 - Investments in Real Estate Joint Ventures~~22

OnNote ~~September~~9 ~~20th,~~– ~~2021, the~~Commitments ~~Company~~& entered into a Merger Agreement with Red Hills Capital Advisors, LLC, by which the Community Redevelopment Inc (the Company) acquired a portfolio of membership interests in development of six commercial retail, multifamily and mixed-use properties, in the Washington, DC Metro area. The Equity interest of RedHills Capital Advisors, in these properties amounted to $18,471,239. The Consideration for this transaction on the part of the Company was the issuance of 17,750,000 common shares and 1 million Preferred shares with 1:1 conversion, and 30:1 voting rights.Contingencies

On ~~June~~April ~~28th~~8, ~~2022~~2021, the Company executed a Senior asSecured ~~part~~Convertible ofPromissory ~~restructuring~~Note, ~~plan~~Securities inPurchase anAgreement, ~~effort~~and toancillary ~~reorient~~agreements (collectively, the ~~company~~“Agreements”) with ~~assets~~Leonite Capital, LLC Per the terms of the Agreements with Leonite Capital, LLC, the Company ~~came~~may borrow up to $555,556; of which $555,556 was tendered, which is open with right of redemption for one year. Prior to the ~~conclusion~~maturity ~~that~~date of the Note, the Company’s at its ~~expectations~~option, ~~regarding~~has ~~infusion~~the ofright ~~available~~to ~~financing~~redeem ~~had~~in ~~not~~cash ~~materialized~~in part or in whole, the amounts outstanding. Should the Fund wish to convert this debt into equity, the ~~harm~~conversion price shall be sixty-five percent of ~~Community~~the ~~Redevelopment~~lowest ~~Inc~~Intraday price during the previous 21 days. Pursuant to the Agreements, the Company has earmarked the net proceeds for immediate cash infusion for normative working capital purposes and ~~that~~capital ~~further~~expenditures. ~~attempted~~Leonite ~~continuation~~Capital. ofhas ~~said~~agreed ~~Agreement~~that ~~was~~neither it nor any of noits ~~value~~affiliates ~~and~~shall engage in ~~fact~~any ~~detrimental~~short-selling toor ~~the~~hedging ~~overall~~of ~~financial~~our ~~condition~~Common Stock during any time. The foregoing is a summary description of certain terms of the ~~Company~~Agreements. ~~As such~~For a full description of all terms, ~~management~~please refer ~~made~~to the ~~decision~~8k tofiled ~~Rescind~~with the SEC and accompanying exhibits thereto. As of September ~~21st~~13, ~~2021~~2022, ~~Agreement~~the ~~with~~Company ~~Red~~has ~~Hills~~been ~~placing~~deemed ~~these~~to ~~interests~~be ~~into~~in ~~our~~default of said Note, and the parties are actively negotiating a work-out. On March 24, 2023, the Company and Leonite Capital LLC executed an Amendment by which the outstanding balance was increased by $7,500.00, the fixed Conversion Price was reset to $0.03.

AsOn ~~such,~~December ~~by the Rescission Agreement removing Red Hills as part of the Company~~31, ~~the~~2023 ~~above-listed assets were removed from~~ the company assecured ~~part of this first phase~~Convertible ofPromissory ~~restructuring~~Notes ~~during~~for ~~this~~a ~~third~~total ~~Quarter~~amount ~~of 2022~~$494,987.58 Asissued itto ~~was~~Phillip ~~a Rescission~~Sands, ~~all~~Michael ~~18.5~~Zinc, ~~million~~Midfett ~~shares~~Parker, ~~issued~~Thomas toRand, ~~Red~~Laura ~~Hills~~Fritts, ~~as consideration~~First ~~for~~Funding, ~~these~~SC ~~removed~~& ~~assets~~H, ~~are~~Doty toScott beEnterprise, ~~returned~~Practice toLLP, ~~the~~Insight ~~Treasury~~Accounting, ofLeonite ~~the Company~~Capital, ~~placing~~Rent ~~each~~Coetzee, ~~side~~Global ~~exactly~~One, asand ~~they~~M ~~were~~S ~~just prior to said~~Madhava ~~Agreement~~Rao.

OnWe ~~September~~will ~~30th,~~require ~~2022,~~additional ~~the~~financing ~~Company,~~to ~~through~~implement ~~one~~our ofbusiness ~~its subsidiaries~~plan, ~~acquired~~which ~~100%~~may ~~interest~~include injoint ~~“1000~~venture ~~18th~~projects ~~St,~~and NEdebt ~~2020,~~or ~~LLC~~equity financings.” The ~~purchase~~nature ~~price~~of ~~for~~ this ~~acquisition was~~enterprise ~~$379,691,~~and ~~which~~constraint of ~~was~~positive ~~exchanged~~cash ~~for~~flow ~~6,328,181~~places ~~shares.~~debt ~~The~~financing ~~property~~beyond ~~held within~~ the ~~acquired~~credit-worthiness ~~LLC~~required isby amost ~~10-unit~~banks ~~multifamily~~or ~~residence currently~~typical ~~under~~investors ~~development.~~of Wecorporate ~~accounted~~debt until ~~for~~such ~~the~~time ~~acquisition~~ as an ~~asset~~economically ~~acquisition.~~viable Weprofits ~~measured~~and ~~the~~losses ~~value~~can ofbe ~~the~~demonstrated. ~~acquired physical assets (restricted cash~~Therefore, ~~prepaid~~any ~~insurance,~~debt ~~land,~~financing ~~and~~of ~~building)~~our ~~and~~activities ~~the liabilities assumed (Mortgages, net) by allocating the total~~may ~~cost~~be ofcostly ~~the~~and ~~acquisition~~result onin asubstantial ~~relative~~dilution ~~fair~~to ~~value~~our ~~basis~~stockholders.

OnFuture ~~September~~financing ~~30th,~~through ~~2022,~~equity ~~the~~investments ~~Company,~~is ~~through~~likely ~~one~~to ofbe ~~its~~dilutive ~~subsidiaries~~to existing stockholders. Also, ~~acquired~~the ~~100%~~terms ~~interest~~of insecurities ~~“1320~~we ~~8th~~may Stissue ~~Fund~~in ~~LLC.,~~future ~~the~~capital ~~titled~~transactions ~~holder~~may tobe ~~1320~~more ~~8th~~favorable Stfor ~~NW,~~our ~~Washington,~~new DCinvestors.” ~~The~~Newly ~~purchase~~issued ~~price~~securities ~~for~~may ~~this~~include ~~acquisition~~preferences, ~~was~~superior ~~$583~~voting rights,~~128, which~~ ~~was~~and ~~exchanged~~the ~~for~~issuance ~~9,718,808~~of warrants ~~common~~or ~~shares~~other ofderivative ~~the~~securities, ~~Company.~~which ~~The~~may ~~property~~have ~~held~~additional ~~within~~dilutive ~~the~~effects. ~~acquired~~Further, ~~LLC~~we ismay aincur ~~10-unit~~substantial ~~multifamily~~costs ~~residence~~in ~~currently~~pursuing ~~under~~future capital ~~development.~~and ~~We accounted~~financing, ~~for~~including ~~the~~investment ~~acquisition~~banking asfees, anlegal ~~asset~~fees, ~~acquisition.~~accounting Wefees, ~~measured~~and ~~the~~other ~~value~~costs. ofWe ~~the~~may ~~acquired~~also ~~physical~~be ~~assets~~required ~~(restricted~~to ~~cash,~~recognize ~~prepaid~~non-cash ~~insurance,~~expenses ~~land,~~in ~~and~~connection ~~building)~~with ~~and~~certain ~~the~~securities ~~liabilities~~we ~~assumed~~may ~~(Mortgages~~issue, ~~net)~~such byas ~~allocating~~convertible ~~the~~notes ~~total~~and ~~cost~~warrants, ofwhich ~~the~~will ~~acquisition~~adversely impact onour afinancial ~~relative fair value basis~~condition.

~~F-12~~Our ability to obtain needed financing may be impaired by such factors as the capital markets, which could impact the availability or cost of future financings. If the amount of capital we are able to raise from financing activities, together with our revenue from operations, is not sufficient to satisfy our capital needs, even to the extent that we reduce our operations accordingly, we may be required to cease operations.

There is no assurance that we will be able to obtain financing on terms satisfactory to us, or at all. We do not have ~~recorded~~any arrangements in place for any future financing. If we are unable to secure additional funding, we may cease or suspend operations. We have no plans, arrangements or contingencies in place in the event ~~2022~~that ~~acquisitions~~we ascease ~~follows:~~operations.

Schedule of acquisitions	December 31, 2022
Restricted Cash	$	160,503
Prepaids		6,000
Land		4,514,000
Building		1,611,000
Deferred financing costs, net		278,168
Total acquisition cost		6,569,671
Accrued expenses		(8,602	)
Outstanding balance on assumed mortgages		(5,598,250	)
Total carrying amounts recorded	$	962,819

The Company’s guarantees primarily relate to requirements under certain financial obligations and some contracts and have arisen through the normal course of business. These guarantees, with certain financial institutions, have both open and closed-ended terms; with remaining closed-ended terms up to 1.0 years and maximum potential future payments of approximately $1 million in the aggregate.

~~The~~Note ~~company~~10 ~~continues to review and may adjust the purchase price allocations during the one~~-~~year~~ ~~window.~~Related Party

~~Note~~Mr. 6Garfield -Antonio ~~Notes~~is ~~Payable~~the owner of Red Hills Capital Advisors LLC, a party to the September 20, 2021, merger agreement, which was Rescinded on June 28, 2022.

OnThe ~~April~~company’s ~~8th,~~short-term ~~2021,~~loan ~~the~~with ~~Company executed a Senior Secured~~NextBank ~~Convertible~~International ~~Promissory~~of ~~Note~~$1, ~~Securities Purchase Agreement~~000,000 ~~and~~listed ~~ancillary~~on ~~agreements~~Note ~~(collectively,~~7 ~~the~~is ~~“Agreements”)~~secured ~~with Leonite~~by ~~Capital, LLC Per~~ the ~~terms~~then CEO of the ~~Agreements with Leonite Capital~~company, ~~LLC, the Company borrowed the maximum of $555,556, which was tendered~~Mr. OnGarfield ~~March~~Antonio ~~24th,~~as ~~2023,~~a ~~the~~personal ~~Company~~guarantor and ~~Leonite Capital LLC executed an Amendment~~ ~~by which~~ the ~~outstanding~~company ~~balance~~has ~~was~~borrowed ~~increased by $7,500.00,~~ the ~~fixed~~full ~~Conversion Price was reset to $0~~amount.~~03.~~

~~Convertible~~Mr. ~~notes~~Richard ~~payable, consist~~Balles Director of the ~~following~~company atis ~~December~~also ~~31,~~holding ~~2022:~~a position as the Vice President in NextBank International.

Schedule of Convertible Debt
	2022		2021
Note payable to an unrelated party, matured April 08, 2022, with interest at 10%, convertible into common shares of the Company	$	277,778	$	277,778
Note payable to an unrelated party, matured September 20, 2022, with interest at 10%, convertible into common shares of the Company		277,778		277,778
Less discount		–		(451,144	)
Total	$	555,556	$	102,412

Note 7:11 ~~Short~~– ~~Term~~Subsequent ~~Loan~~Events

OnAs ~~November~~of ~~30th~~December 31th, ~~2021~~2023, the Company issued ~~executed~~$494,987.58 aworth ~~short-term loan~~ of ~~$1,000,000~~promissory ~~Secured Note,~~notes byto ~~1,500,000 shares~~the offollowing ~~CRDV~~individuals ~~stock~~and ~~(reserved~~business: inPhillip ~~bank’s~~Sands, ~~name~~Michael Zinc, ~~subject~~Midfett toParker, ~~loan~~Thomas Rand, ~~and~~Laura ~~stock~~Fritts, ~~pledge~~First ~~agreement~~Funding, ~~with~~SC ~~NextBank~~& ~~International~~H, ~~Inc, and~~Doty ~~secured~~Scott byEnterprise, ~~the~~Practice ~~then~~LLP, ~~president~~Insight ofAccounting, ~~the~~Leonite ~~company~~Capital, ~~Mr.~~Rent ~~Garfield~~Coetzee, Global ~~Antonio~~One, asand aM ~~personal~~S ~~guarantor~~Madhava Rao.

~~Per~~On ~~the~~January ~~terms~~3rd, of2023, the Company acquired ~~Agreements~~1618 ~~with~~21st ~~NextBank~~Place ~~International,~~NE ~~Inc~~Washington, ~~the~~DC. ~~Company~~The ~~may~~property ~~borrow~~is uplocated toat $11618 21st Place with a designed total of 15 units and includes: three 3-bedroom,~~000~~ eight 2-bedroom,~~000;~~ ~~which~~four 1-bedroom units. The property is ~~open~~nearing the end of the construction process with an anticipated completion by the ~~right~~end of ~~redemption~~third ~~for one~~quarter ~~year~~2023. ~~against~~The property was valued under the ~~collateral~~Fair Value methodology assigning a current market value of $1,~~500~~274,~~000~~744, ~~shares~~which ofat ~~CRDV~~$0.06, ~~stock~~equates to 21,245,740 shares.

~~The~~On ~~Private~~January ~~Note~~31st, ~~has~~2022, ~~a 7.5%~~Joseph Gibbons ~~fixed~~resigned ~~rate~~from ~~that~~his ~~matures~~position ~~on November~~as ~~30,~~Chair ~~2022.~~and ~~As of September 30~~Director, ~~2022,~~his ~~the~~resignation ~~company~~was ~~has~~not ~~withdrawn~~ the ~~full~~result ~~amount net~~ of ~~the~~any ~~loan less~~disagreements ~~the~~with ~~loan fees~~management.

On ~~September 30th,~~February ~~2022 NextBank International~~13th, ~~Inc~~2023, ~~has~~Lara ~~entered~~Frits resigned ~~into~~from anher ~~agreement~~position ~~whereby~~as itDirector ~~will~~and ~~convert~~CEO; on the ~~outstanding~~same ~~balance~~date ~~for~~Garfield ~~shares at~~Antonio aresigned ~~strike~~his ~~price~~position ofas ~~$0.05~~Director, ~~not~~and toMichael ~~exceed 4.9%~~Zink resigned offrom ~~the~~his ~~then~~position ~~issued~~as ~~and outstanding shares of the Company~~CFO. AsAlso ofon ~~September~~February 3013th, ~~2022~~2023, ~~1,420,700 shares have~~ ~~been~~Robert ~~committed~~Fiallo towas beappointed ~~converted~~as ina ~~exchange~~Director ~~for $71,035 of the outstanding balance~~ and ~~these~~Board ~~shares were issued to Next Bank on October 4th, 2022~~member.

~~F-13~~The Company has evaluated subsequent events through December 31, 2023, the date on which these financial statements were issued.

~~Note 8: Derivative Financial Instruments~~24

The Company is exposed to certain risks arising from both business operations and economic conditions, including interest rate risk. To mitigate the impact of interest rate, the Company enters into derivative financial instruments. The Company maintains the majority of its overall interest rate exposure on floating rate borrowings to a fixed-rate basis.

Derivative Instruments

The fair value of interest rate swaps is included within Other non-current liabilities in the Consolidated Balance Sheets. The Company does not net derivatives in the Consolidated Balance Sheets.

Note 9 – Commitments & Contingencies

On April 8th, 2021, the Company executed a Senior Secured Convertible Promissory Note, Securities Purchase Agreement, and ancillary agreements (collectively, the “Agreements”) with Leonite Capital, LLC Per the terms of the Agreements with Leonite Capital, LLC, the Company may borrow up to $555,556; of which $555,556 was tendered, which is open with right of redemption for one year. Prior to the maturity date of the Note, the Company at its option, has the right to redeem in cash in part or in whole, the amounts outstanding. Should the Fund wish to convert this debt into equity, the conversion price shall be sixty-five percent of the lowest Intraday price during the previous 21 days. Pursuant to the Agreements, the Company has earmarked the net proceeds for immediate cash infusion for normative working capital purposes and capital expenditures. Leonite Capital. has agreed that neither it nor any of its affiliates shall engage in any short-selling or hedging of our Common Stock during any time. The foregoing is a summary description of certain terms of the Agreements. For a full description of all terms, please refer to the 8k filed with the SEC and accompanying exhibits thereto. As of September 13th, 2022, the Company has been deemed to be in default of said Note, and the parties are actively negotiating a work-out. On March 24th, 2023, the Company and Leonite Capital LLC executed an Amendment by which the outstanding balance was increased by $7,500.00, the fixed Conversion Price was reset to $0.03.

We will require additional financing to implement our business plan, which may include joint venture projects and debt or equity financings. The nature of this enterprise and constraint of positive cash flow places debt financing beyond the credit-worthiness required by most banks or typical investors of corporate debt until such time as an economically viable profits and losses can be demonstrated. Therefore, any debt financing of our activities may be costly and result in substantial dilution to our stockholders.

There is no assurance that we will be able to obtain financing on terms satisfactory to us, or at all. We do not have any arrangements in place for any future financing. If we are unable to secure additional funding, we may cease or suspend operations. We have no plans, arrangements or contingencies in place in the event that we cease operations.

F-14

Note 10 - Related Party

Mr. Garfield Antonio is the owner of Red Hills Capital Advisors LLC, a party to the September 20th, 2021, merger agreement, which was Rescinded on June 28th, 2022.

The company’s short-term loan with NextBank International of $1,000,000 listed on Note 7 is secured by the then CEO of the company, Mr. Garfield Antonio as a personal guarantor and the company has borrowed the full amount.

Mr. Richard Balles Director of the company is also holding a position as the Vice President in NextBank International.

Note 11 – Subsequent Events

On January 3rd, 2023, the Company acquired 1618 21st Place NE Washington, DC. The property is located at 1618 21st Place with a designed total of 15 units and includes: three 3-bedroom, eight 2-bedroom, four 1-bedroom units. The property is nearing the end of the construction process with an anticipated completion by the end of third quarter 2023. The property was valued under the Fair Value methodology assigning a current market value of $1,274,744, which at $0.06, equates to 21,245,740 shares.

On January 31st, 2022, Joseph Gibbons resigned from his position as Chair and Director, his resignation was not the result of any disagreements with management.

On February 13th, 2023, Lara Frits resigned from her position as Director and CEO; on the same date Garfield Antonio resigned his position as Director, and Michael Zink resigned from his position as CFO. Also on February 13th, 2023, Robert Fiallo was appointed as a Director and Board member.

On May 20th, 2023, our CEO was made aware of a lawsuit by an ex-employee of the Company. The Company resolutely rejects the monetary claim for monies owed and while willing to negotiate in good faith, shall defend itself against said lawsuit and is now seeking dismissal of the same.

The Company has evaluated subsequent events through June 30, 2023, the date on which these financial statements were issued.

F-15

ITEM 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND FINANCIAL DISCLOSURE

None.

ITEM 9A. CONTROLS AND PROCEDURES

Evaluation of Disclosure Controls and Procedures

Disclosure controls are procedures that are designed with the objective of ensuring that information required to be disclosed in our reports filed under the Exchange Act, such as this annual report, is recorded, processed, summarized, and reported within the time period specified in the SEC’s rules and forms. Disclosure controls are also designed with the objective of ensuring that such information is accumulated and communicated to our management, including the chief executive officer and chief financial officer, as appropriate to allow timely decisions regarding required disclosure. Our management evaluated, with the participation of our current chief executive officer and chief financial officer (our “Certifying Officers”), the effectiveness of our disclosure controls and procedures as of December 31, 2022, pursuant to Rule 13a-15(b) under the Exchange Act. Based upon that evaluation, our Certifying Officers concluded that, as of December 31, 2022, our disclosure controls and procedures were not effective. The ineffectiveness of our disclosure controls and procedures was due to the existence of material weaknesses identified below.

We do not expect that our disclosure controls and procedures will prevent all errors and all instances of fraud. Disclosure controls and procedures, no matter how well conceived and operated, can provide only reasonable, not absolute, assurance that the objectives of the disclosure controls and procedures are met. Further, the design of disclosure controls and procedures must reflect the fact that there are resource constraints, and the benefits must be considered relative to their costs. Because of the inherent limitations in all disclosure controls and procedures, no evaluation of disclosure controls and procedures can provide absolute assurance that we have detected all our control deficiencies and instances of fraud, if any. The design of disclosure controls and procedures also is based partly on certain assumptions about the likelihood of future events, and there can be no assurance that any design will succeed in achieving its stated goals under all potential future conditions.

Management’s Report on Internal Control Over Financial Reporting

Our management is responsible for establishing and maintaining adequate internal control over financial reporting, as defined under Exchange Act Rules 13a-15(f) and 14d-14(f). Our internal control over financial reporting is designed to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles.

All internal control systems, no matter how well designed, have inherent limitations and may not prevent or detect misstatements. Therefore, even those systems determined to be effective can only provide reasonable assurance with respect to financial reporting reliability and financial statement preparation and presentation. In addition, projections of any evaluation of effectiveness to future periods are subject to risk that controls become inadequate because of changes in conditions and that the degree of compliance with the policies or procedures may deteriorate.

Management assessed the effectiveness of the Company’s internal control over financial reporting as of December 31, 2022. In making the assessment, management used the criteria issued by the Committee of Sponsoring Organizations of the Treadway Commission (COSO – 2013) in Internal Control-Integrated Framework. Based on its assessment, management concluded that, as of December 31, 2022, our Company’s internal control over financial reporting was not effective.

Changes in Internal Control over Financial Reporting

There were no changes in our internal control over financial reporting (as such term is defined in Rules 13a-15(f) and 15d-15(f) of the Exchange Act) during the most recent fiscal quarter that have materially affected, or are reasonably likely to materially affect, our internal control over financial reporting.

ITEM 9B. OTHER INFORMATION

~~None~~During the quarter ended December 31, 2023, no director or officer adopted or terminated any Rule 10b5-1 trading arrangement or non-Rule 10b5-1 trading arrangement, as each term is defined in Item 408(a) of Regulation S-K.

1525

PART III

ITEM 10. DIRECTORS, EXECUTIVE OFFICERS AND CORPORATE GOVERNANCE

Officers and Directors

Name	Age	Position
Richard Balles	54	Director, President, ~~Chief Executive Officer~~CEO
Robert Fiallo	56	Director (~~Appointed~~Resigned ~~February~~June 13th, ~~2023~~2024)
Stalin A. Cruz	48	Director, CFO (resigned July 7th, 2022)
Ronald Silver	78	Director, Chairman (resigned July 7th, 2022)
Kevin Humes	63	Director (resigned July 7th, 2022)
Joseph Gibbons	73	Director (removed July 7th, 2022)
Randy Avon	81	Director (resigned July 7th, 2022)
Charles Arnold	70	Director (resigned July 7th, 2022)
Lara Fritts	51	Director (resigned February 13th, 2023)
Michael Zink	40	Director (resigned February 13th, 2023)

Robert Fiallo, 56, brings over 25 years of executive leadership and experience in finance, having in management positions at F&M Bank, BB&T and as founder, Chair and Executive Officer of Fidelity & Trust Bank. Mr. Fiallo earned his BA in business at University of Maryland in 1989.

(b) Significant Employees.

If we lose the services of our key executive officers, our business would likely be materially and adversely affected. At this time, we do not currently have “key man” life insurance for any of our executive officers.

None.

(d) Involvement in Certain Legal Proceedings.

There have been no events under any bankruptcy act, no criminal proceedings and no judgments, injunctions, orders or decrees material to the evaluation of the ability and integrity of any director, executive officer, promoter or control person of the Registrant during the past ten years.

Number and Terms of Office of Officers and Directors

Each member of our Board of Directors serves for a term ending on the date of the annual meeting of stockholders following the annual meeting of the stockholders at which such director was elected. Notwithstanding the foregoing, each director shall serve until his or her successor is elected and qualified or until his or her death, resignation or removal. Our officers are appointed by our Board to a term of one year and serve until their successors are duly appointed and qualified, or until the officer is removed from office.

Committees of the Board of Directors

We do not have a standing nominating, audit or compensation committee. Rather, our full Board of Directors performs the functions of these committees. While the company is reviewing several qualified people for such committees, none have been formed yet. Additionally, because our common stock is not listed for trading or quotation on a national securities exchange, we are not required to have such committees.

Director Nominations

Our full Board of Directors recommends candidates for nomination for election at the annual meeting of the stockholders. We have not formally established any specific, minimum qualifications that must be met or skills that are necessary for directors to possess. In general, in identifying and evaluating nominees for director, the Board of Directors considers educational background, diversity of professional experience, knowledge of our business, integrity, professional reputation, independence, wisdom, and the ability to represent the best interests of our stockholders.

Code of Ethics

We have not yet adopted a code of ethics that applies to all of our employees, officers and directors, including those officers responsible for financial reporting. We expect that we will adopt a code of ethics in the near future.

Indemnification

Under our Articles of Incorporation and Bylaws of the corporation, we may indemnify an officer or director who is made a party to any proceeding, including a law suit, because of his position, if he acted in good faith and in a manner, he reasonably believed to be in our best interest. We may advance expenses incurred in defending a proceeding. To the extent that the officer or director is successful on the merits in a proceeding as to which he is to be indemnified, we must indemnify him against all expenses incurred, including attorney's fees. With respect to a derivative action, indemnity may be made only for expenses actually and reasonably incurred in defending the proceeding, and if the officer or director is judged liable, only by a court order. The indemnification is intended to be to the fullest extent permitted by the laws of the State of Oklahoma.

Regarding indemnification for liabilities arising under the Securities Act of 1933, which may be permitted to directors or officers under Oklahoma law, we have been advised that, in the opinion of the Securities and Exchange Commission, indemnification is against public policy, as expressed in the Act and is, therefore, unenforceable.

Family Relationships

None.

Involvement in Certain Legal Proceedings

No executive officer, member of the Board of Directors or control person of our Company has been involved in any legal proceeding listed in Item 401(f) of Regulation S-K in the past 10 years.

ITEM 11. EXECUTIVE COMPENSATION

In order to attract, retain and motivate executive talent necessary to support the Company’s long-term business strategy, in the future, we may award our executives and any future executives with long-term, stock award, at the sole discretion of our Board.

Director Compensation

Name and Principal Position	Year	Salary ($)		Stock Awards ($)		Total ($)
Garfield T. Antonio - President	2022	$	–	$	–	$	–
Charles Arnold - Chief Executive Officer	2022		–		–		–
Richard Balles - Director, Chief Executive Officer	2022		–		200,050		200,050
Lara Fritts - Chief Executive Officer	2022	$	180,000		200,050		380,050

We believe that the primary goal of executive compensation is to align the interests of our executive officers with those of our shareholders in a way that allows us to attract and retain the best executive talent. Additionally, in order to ensure our executive officers are compensated within the current industry ranges for their respective duties.

The compensation incentives designed to further these goals take the form of annual cash compensation and equity awards, as well as long-term cash and/or equity incentives measured by Company and/or individual performance targets to be established by our Compensation Committee. In addition, our Compensation Committee may determine to make equity-based awards to new executive officers in order to attract talented professionals to serve us.

ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT AND RELATED STOCKHOLDER MATTERS

The following table sets forth information regarding the beneficial ownership of our common stock as of December 31^st, 2022:

· each person known by us to be the beneficial owner of more than 5% of our outstanding shares of common stock; ~~· each of our executive officers and directors that beneficially owns shares of our common stock; and · all our executive officers and directors as a group.~~

18· each of our executive officers and directors that beneficially owns shares of our common stock; and

In· ~~the~~all ~~table below, percentage ownership is based on 73,390,321 shares of~~ our ~~common~~executive ~~stock~~officers ~~issued~~ and ~~outstanding~~directors as ofa ~~December 31, 2022~~group.

Name and Title	Amount and Nature of Beneficial Ownership	Percentage of Class - Common
Garfield T Antonio, past Dir. (1)	0	0%
Stalin A Cruz. past Dir.	5,000,000	11.34%
Kevin Humes, past Dir.	4,500,000	10.21%
Ronald Silver, past Dir.	4,500,000	10.21%
Charles Arnold, past Dir. (2)	2,666,667	6.05%
Randy Avon, past Dir.	1,000,000	2.27%
David E Price, Corporate Counsel	1,000,000	2.27%
Richard Balles, Dir., CEO	34,818,333	46%
All Directors and Officers as a Group	54,083,334	71.4%

1	As of October, 2022, Antonio Garfield had returned all the shares which he was issued to Treasury and is no longer a shareholder.
2	The shares listed under Mr. Charles Arnold include 1,666,667 shares in Crest Ventures LLC, of which Mr. Arnold is the beneficial owner.

None.

ITEM 14. PRINCIPAL ACCOUNTING FEES AND SERVICES

Audit Fees. ~~Audit fees~~Not ~~consist of fees billed for professional services rendered for the audit of our year-end financial statements and services that are~~applicable ~~normally~~as provided by our independent registered public accounting firm in connection with regulatory filings. The aggregate fees billed by M.S. Madhava Rao, Chartered Accountant for professional services rendered for the audit of our annual financial statements included in this ~~Annual~~is ~~Report~~a ~~on Form 10~~non-Kaudited ~~for~~financial ~~the fiscal year ended December 31, 2022, were $21,500~~statement.

Audit-Related Fees. ~~Audit-related~~ ~~services consist of fees billed for assurance and related services that are reasonably related to performance of the audit~~There orwas ~~review~~no ~~of our financial statements and are not reported under “~~Audit-related ~~Fees.” These~~ services ~~include attest services that are not required by statute or regulation and consultations concerning financial accounting and reporting standards~~.

Tax Fees. ~~Tax~~There ~~fees~~was ~~consist~~no ~~of fees billed for~~ tax ~~planning~~filed ~~services~~therefore ~~and~~there ~~tax~~is ~~advice.~~no ~~The~~Tax ~~board of directors must specifically approve all other tax services~~fees.

All Other Fees. ~~Other~~ ~~services~~There ~~are~~was ~~services~~no ~~provided by the independent registered public accounting firm that do not fall within the established audit, audit-related, and tax services categories. The board of directors preapproves specified~~ other ~~services that do not fall within any of the specified prohibited categories of services~~fees.

1928

PART IV

ITEM 15. EXHIBITS AND FINANCIAL STATEMENT SCHEDULES

(a) The following documents are filed as part of this annual report:

(1) Financial Statements

(1) Financial Statements		Page

	Consolidated Balance Sheets	11

	Consolidated Statements of Operations and Comprehensive Loss	12

	Consolidated Statements of Stockholders' Deficit	13

	Consolidated Statements of Cash Flows	14

	Notes to Consolidated Financial Statements	15

	Report of Independent Registered Public Accounting Firm	F-1
	Consolidated Balance Sheets	F-2
	Consolidated Statements of Operations and Comprehensive Loss	F-3
	Consolidated Statements of Stockholders’ Deficit	F-4
	Consolidated Statements of Cash Flows	F-5
	Notes to Consolidated Financial Statements	F-6

(2)

Financial Statements Schedules

(2)	Financial Statements Schedules
	All financial statements schedules are omitted because they are not applicable or the amounts are immaterial and not required, or the required information is presented in the financial statements and notes thereto beginning on page F-1 of this annual report.
(3)	Exhibits
	We hereby file as part of this annual report the exhibits listed in the attached Exhibit Index. Exhibits which are incorporated herein by reference can be inspected and copied at the public reference facilities maintained by the SEC, 100 F Street, N.E., Room 1580, Washington, D.C. 20549. Copies of such material can also be obtained from the Public Reference Section of the SEC, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates or on the SEC website at www.sec.gov.

All financial statements schedules are omitted because they are not applicable or the amounts are immaterial and not required, or the required information is presented in the financial statements and notes thereto beginning on page F-1 of this annual report.

31.1*		Certification by the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*		Certification by the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1**		Certification by the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2**		Certification by the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
101.INS*		Inline XBRL Instance Document (the instance document does not appear in the Interactive Data File because its XBRL tags are embedded within the Inline XBRL document)
101.SCH*		Inline XBRL Taxonomy Extension Schema Document
101.CAL*		Inline XBRL Taxonomy Extension Calculation Linkbase Document
101.DEF*		Inline XBRL Taxonomy Extension Definition Linkbase Document
101.LAB*		Inline XBRL Taxonomy Extension Label Linkbase Document
101.PRE*		Inline XBRL Taxonomy Extension Presentation Linkbase Document
104*		Cover Page Interactive Data File (formatted in inline XBRL, and included in exhibit 101).

(3)

Exhibits

We hereby file as part of this annual report the exhibits listed in the attached Exhibit Index. Exhibits which are incorporated herein by reference can be inspected and copied at the public reference facilities maintained by the SEC, 100 F Street, N.E., Room 1580, Washington, D.C. 20549. Copies of such material can also be obtained from the Public Reference Section of the SEC, 100 F Street, N.E., Washington, D.C. 20549, at prescribed rates or on the SEC website at www.sec.gov.

31.1*		Certification by the Chief Executive Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
31.2*		Certification by the Chief Financial Officer Pursuant to Section 302 of the Sarbanes-Oxley Act of 2002.
32.1**		Certification by the Chief Executive Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.
32.2**		Certification by the Chief Financial Officer Pursuant to 18 U.S.C. Section 1350, as Adopted Pursuant to Section 906 of the Sarbanes-Oxley Act of 2002.

	*	Filed herewith.
	**	Furnished herewith.
	+	Management contract, compensation plan or arrangement.

2029

SIGNATURES

Pursuant to the requirements of Section 13 or 15(d) of the Securities Exchange Act of 1934, the Company has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

	COMMUNITY REDEVELOPMENT INC.
Dated: June 30, 2023	By:	/s/ Richard Balles
Dated: March 19, 2025	By:	/s/ Phillip Sands
		Richard Balles
		Phillip Sands
		Chief Executive Officer

2130

Filing Compare · Community Redevelopment Inc.