{
  "schema_version": "1.0.0",
  "issuer_slug": "cityfunds-i-llc",
  "security_slug": "membership-interests",
  "issuer_legal_name": "Cityfunds I, LLC (Nada)",
  "issuer_address": "1315 Manufacturing Street, Dallas, TX",
  "security_name": "Membership Interests (issued by city series)",
  "security_class": "Membership interests, no par value, offered on a per-series (city portfolio) basis under Regulation A (Tier 2); no national securities exchange listing",
  "cik": null,
  "exemption": "Reg A",
  "state_of_incorporation": "Delaware",
  "transfer_agent": null,
  "auditor": null,
  "legal_counsel": null,
  "business_description": "Cityfunds I, LLC (Nada) is a Delaware series limited liability company offering interests in city-specific real-estate portfolios under Regulation A (Tier 2). Principal office: 1315 Manufacturing Street, Dallas, TX; website www.cityfunds.com. Fiscal year end December 31. EIN is reported inconsistently across filings — 86-3672902 on the Form 1-SA cover and 83-3672902 on the Form 1-K cover; correct EIN to be verified with the issuer. Figures presented are Company-level consolidated totals from the FY2024 Form 1-K (audited) and the Form 1-SA for the six months ended June 30, 2025 (unaudited). Interests are offered through Dalmore Group, LLC as broker-dealer of record per the filings.",
  "officers_and_directors": [
    {
      "name": "Nada / manager (per filing)",
      "title": "Manager"
    }
  ],
  "capital_structure_as_of": "2025-06-30",
  "capital_structure": [
    {
      "class_or_series": "Membership interests, issued by city series — Cityfunds Austin, Dallas, Denver, Houston, Las Vegas, Los Angeles, Miami, Nashville, Phoenix, and Tampa; no par value. Per-series authorized and outstanding interests, holders of record, and beneficial owners over 10% are not stated in the source report and are pending the issuer-furnished/Mergent reconciliation pass (weighted average member units outstanding: 646,066 for the six months ended June 30, 2025; 580,113 for FY2024)",
      "authorized": null,
      "outstanding": null
    }
  ],
  "holders_of_record": null,
  "holders_of_record_as_of": null,
  "financial_statements": [
    {
      "fiscal_year": "Interim — six months ended June 30, 2025 (unaudited, consolidated)",
      "fiscal_year_end": "2025-06-30",
      "audited": false,
      "auditor": null,
      "total_assets": 7423893,
      "total_liabilities": 1303946,
      "revenue": 43150,
      "net_income": -144208,
      "cash": 98552,
      "currency": "USD",
      "statement_url": null
    },
    {
      "fiscal_year": "FY2024 (audited, consolidated)",
      "fiscal_year_end": "2024-12-31",
      "audited": true,
      "auditor": null,
      "total_assets": 13271318,
      "total_liabilities": 7679969,
      "revenue": 90840,
      "net_income": -1094449,
      "cash": 244773,
      "currency": "USD",
      "statement_url": null
    },
    {
      "fiscal_year": "FY2023 (audited, consolidated comparative)",
      "fiscal_year_end": "2023-12-31",
      "audited": true,
      "auditor": null,
      "total_assets": 6934655,
      "total_liabilities": 2172010,
      "revenue": 133851,
      "net_income": 128435,
      "cash": 522928,
      "currency": "USD",
      "statement_url": null
    }
  ],
  "auditor_report": {
    "auditor": null,
    "report_date": null,
    "opinion": "Unmodified opinion with a going-concern emphasis paragraph on the December 31, 2024 and 2023 consolidated financial statements (Form 1-K). The interim statements as of and for the six months ended June 30, 2025 (Form 1-SA) are UNAUDITED — no auditor’s opinion is expressed on the interim figures.",
    "going_concern_qualification": true,
    "going_concern_language": "Going concern: both the FY2024 audited consolidated financial statements and the 2025 interim consolidated financial statements disclose substantial doubt about the Company’s ability to continue as a going concern. The Company reported a net loss of $1,094,449 for FY2024 and a net loss of $144,208 for the six months ended June 30, 2025.",
    "adverse_opinion": false,
    "adverse_opinion_language": null,
    "material_weakness": false,
    "material_weakness_language": "None separately identified in the reviewed sections.",
    "restatement": false,
    "restatement_language": null
  },
  "tokenized_attributes": {
    "is_tokenized": false,
    "contract_address": null,
    "network": null,
    "token_standard": null,
    "onchain_record_role": null,
    "transfer_restriction_enforcement": null,
    "holding_period": null,
    "holding_period_expiration_date": null,
    "issuer_freeze_authority": null,
    "issuer_burn_authority": null,
    "issuer_reissue_authority": null,
    "smart_contract_audit_status": null,
    "smart_contract_auditor": null,
    "eligible_trading_venues": null,
    "collateral_or_lending_arrangement": null
  },
  "guardd_publication_date": "2026-08-01",
  "last_verified_date": "2026-08-01",
  "next_annual_financials_due_date": "2026-03-31",
  "balance_sheet_date": "2025-06-30",
  "financials_through_date": "2025-06-30",
  "audited": false,
  "audited_balance_sheet_date": "2024-12-31",
  "status": "Update Due",
  "status_note": "The most recent balance sheet on file is the UNAUDITED interim balance sheet as of June 30, 2025 (Form 1-SA); the most recent audited balance sheet is dated December 31, 2024 (Form 1-K). Both the audited annual and the unaudited interim financial statements disclose substantial doubt about the Company’s ability to continue as a going concern — see the auditor’s report and adverse-information sections. Total assets declined from $13.27M at December 31, 2024 to $7.42M at June 30, 2025 as home-equity investments were exchanged for an investment in partnership and related-party debt was repaid. The Form 1-SA and Form 1-K covers report conflicting EINs (86-3672902 vs. 83-3672902); correct EIN to be verified with the issuer. Per-series interests, holders of record, and beneficial owners over 10% are pending the issuer-furnished/Mergent reconciliation pass. Arithmetic verification of the filed statements: 28 of 28 tests PASS.",
  "series_count": 1,
  "publication_date": "2026-08-01",
  "regulatory_currency": {
    "computed_at": "2026-08-08T19:06:09.240Z",
    "thresholds": {
      "interim_months": 6,
      "annual_months": 16,
      "manual_exemption_months": 18,
      "warning_days": 30
    },
    "quotation_resale": {
      "clock": "quotation_resale",
      "label": "Quotation & Resale",
      "detail": "Balance sheet 06/30/2025 · financials through 06/30/2025 · interim due 12/30/2025 · annual due 10/30/2026",
      "explanation": "Interim financial information stays current for 6 months and the annual balance sheet for 16 months; unaudited interims are acceptable for quotation and resale.",
      "level": "red",
      "text": "Update due — interim (1-SA)",
      "next_due_date": "2026-10-30"
    },
    "manual_exemption": {
      "clock": "manual_exemption",
      "label": "Manual Exemption",
      "level": "grey",
      "text": "Not eligible — no audited financials",
      "next_due_date": null,
      "detail": "No audited balance sheet is on file for this report.",
      "explanation": "A state securities-manual exemption generally requires an audited balance sheet dated within 18 months."
    },
    "needs_attention": true,
    "disclaimer": "Status reflects information-currency timeframes under SEC Rule 15c2-11 and Rule 144 and state manual-exemption requirements; it is not legal advice."
  },
  "canonical_url": "https://guardd.com/disclosures/cityfunds-i-llc/membership-interests",
  "json_url": "https://guardd.com/disclosures/cityfunds-i-llc/membership-interests.json"
}