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Private company

Harbor Custom Development, Inc.

Harbor Custom Development, Inc. is an operative builders company.1 It is headquartered in Gig Harbor, Washington.1

Last updated Oct 21, 2026.

Overview

  • IndustryOperative Builders1
  • HeadquartersGig Harbor, Washington1
  • Business address11505 Burnham Dr. Nw, Suite 301, Gig Harbor, Wa 983322
  • Filer categoryNon-accelerated filer, Smaller reporting company, Emerging growth company2

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15% of total revenue, and home selling prices ranged from $1.0 million to $1.6 million.3 From its latest annual report

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2023

-86.8%Gross margin4
-103.3%Operating margin4
-115.8%Net margin4
6.9%Revenue growth, 20234
-809.4%Return on equity4

Where the money goes

Where each dollar of revenue went, fiscal 2023

  • Cost of revenue94¢$110.7M
  • Interest2¢$2.6M
  • Income tax4¢$4.6M

Out of $59.3M in revenue.4 The company lost money this year.

Financial statements

Revenue5674$59.3M in 2023+91% since 2019
0$20.0M$40.0M$60.0M$80.0M2019: $31.0M$31.0M20192020: $50.4M$50.4M2020+63%2021: $72.4M$72.4M2021+44%2022: $55.4M$55.4M2022−23%2023: $59.3M$59.3M2023+7%
Gross profit5674-$51.4M in 2023
-$60.0M-$40.0M-$20.0M0$20.0M$40.0M2019: $3.3M$3.3M20192020: $2.0M$2.0M2020−39%2021: $21.9M$21.9M2021+995%2022: -$452.5K-$452.5K20222023: -$51.4M-$51.4M2023+11267%
Operating income5674-$61.2M in 2023+38530% since 2019
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2019: -$158.4K-$158.4K20192020: -$3.5M-$3.5M2020+2104%2021: $10.8M$10.8M20212022: -$16.7M-$16.7M20222023: -$61.2M-$61.2M2023+267%
Net income574-$68.6M in 2023
-$80.0M-$60.0M-$40.0M-$20.0M0$20.0M2019: $235.6K$235.6K20192020: -$3.5M-$3.5M20202021: $8.9M$8.9M20212022: -$16.9M-$16.9M20222023: -$68.6M-$68.6M2023+305%
Fiscal year201820192020202120222023
Revenue$31.0M5$50.4M6$72.4M7$55.4M4$59.3M4
Cost of revenue$27.6M5$48.4M6$50.4M7$55.9M4$110.7M4
Gross profit$3.3M5$2.0M6$21.9M7-$452.5K4-$51.4M4
Operating expenses$11.2M7$16.2M4$9.8M4
Operating income-$158.4K5-$3.5M6$10.8M7-$16.7M4-$61.2M4
Interest$358.3K5$382.9K6$249.3K7$1.8M4$2.6M4
Income before tax$10.6M7-$21.4M4-$64.0M4
Income tax-$634.6K5$116.8K6$1.8M7-$4.5M4$4.6M4
Net income$235.6K5-$3.5M5$8.9M7-$16.9M4-$68.6M4
Earnings per share$0.075-$0.846$8.567-$35.294-$39.194
Earnings per share (diluted)$0.075-$0.846$8.137-$35.294-$39.194
Shares (weighted, basic)716.8K shares7699.5K shares41.9M shares4
Shares (weighted, diluted)1.1M shares7699.5K shares41.9M shares4

Compare Harbor Custom Development, Inc. with another company

Corporate structure

Harbor Custom Development, Inc. sits at the top of its group. 1 entity on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Harbor Custom Development, Inc.

  • Cutler Capital Management, LLC Filed SC 13G/A on Harbor Custom Development, Inc., latest Feb 14, 2024 (5 filings since Feb 15, 2022)
  • BARD ASSOCIATES INC Filed SC 13G/A on Harbor Custom Development, Inc., latest Jan 4, 2024 (3 filings since Feb 14, 2022)
  • Sterling Griffin Filed SC 13G/A on Harbor Custom Development, Inc., latest Dec 18, 2023
  • Matthew Alexander Fundenberger Filed SC 13G on Harbor Custom Development, Inc., latest May 11, 2023
  • Tiburon Opportunity Fund, L.P. Filed SC 13G on Harbor Custom Development, Inc., latest Apr 11, 2022
  • Harbor Custom Development, Inc. Gig Harbor, Washington

Built from major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Harbor Custom Development, Inc. reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$2.2M4 Dec 31, 2023$2.8M4 Dec 31, 2022−19.9%
Accumulated depreciation$592.7K4 Dec 31, 2023$461.6K4 Dec 31, 2022+28.4%
Property and equipment, net$1.6M4 Dec 31, 2023$2.3M4 Dec 31, 2022−29.7%
Finance-lease assets$99.7K4 Dec 31, 2022$1.1M7 Dec 31, 2021−90.7%
Operating-lease assets (leased space)$1.7M4 Dec 31, 2023$1.9M4 Dec 31, 2022−9.2%

Real estate and locations

ItemLatestA year beforeChange
Real estate investments, at cost$156.7M4 Dec 31, 2023$205.5M4 Dec 31, 2022−23.7%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$3.6M4 Dec 31, 2023$9.7M4 Dec 31, 2022−63.0%

Leadership

Who has led Harbor Custom Development, Inc., and when. Pick a name to see everywhere that person has worked.

Chief executive

  1. Sterling Griffin2020–2023

President

  1. Sterling Griffin2020–2023

Chief financial officer

  1. Richard Schmidtke2020
  2. Lynda Meadows2021
  3. Lance Brown2021–2023

Chief operating officer

  1. Jeffrey Habersetzer2021–2023
2025
Board members and other officers (13)

Timeline

  1. Mar 8, 20248-K Other events28
  2. Feb 21, 20248-K Listing notice or transfer; Other events29
  3. Feb 8, 20248-K Other events30
  4. Dec 27, 20238-K Other events31
  5. Dec 19, 20238-K Other events32
  6. Dec 15, 20238-K Bankruptcy or receivership; Debt or obligation accelerated; Listing notice or transfer33
  7. Dec 6, 20238-K Debt or obligation accelerated34
  8. Dec 1, 20238-K Executive or director change35
  9. Nov 27, 20238-K Debt or obligation accelerated; Executive or director change36
  10. Sep 22, 20238-K Listing notice or transfer; Executive or director change37
  11. Aug 14, 20238-K Results of operations38
  12. Jul 17, 20238-K Executive or director change; Shareholder vote; Other events39
  13. Aug 28, 2020New chief executive Sterling Griffin becomes CEO11

Calendar

When it reported results

  1. Aug 14, 2023Reported quarterly or annual results38
  2. May 15, 2023Reported quarterly or annual results40
  3. Mar 31, 2023Reported quarterly or annual results41
  4. Nov 14, 2022Reported quarterly or annual results42
  5. Aug 15, 2022Reported quarterly or annual results43
  6. May 12, 2022Reported quarterly or annual results44
  7. Apr 21, 2022Reported quarterly or annual results45
  8. Mar 24, 2022Reported quarterly or annual results46

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

191 filings to the SEC since October 2021: 5 annual reports, 8 quarterly reports, 66 major events, 42 insider forms, 11 large holders, 59 other. The latest 20:

  1. May 8, 202415-12G EDGAR
  2. Apr 26, 2024EFFECT EDGAR
  3. Apr 26, 2024EFFECT EDGAR
  4. Apr 26, 2024EFFECT EDGAR
  5. Apr 26, 2024EFFECT EDGAR
  6. Apr 26, 2024EFFECT EDGAR
  7. Apr 26, 2024EFFECT EDGAR
  8. Apr 26, 2024EFFECT EDGAR
  9. Apr 26, 2024EFFECT EDGAR
  10. Apr 22, 2024POS AM EDGAR
  11. Apr 22, 2024RW EDGAR
  12. Apr 22, 2024POS AM EDGAR
  13. Apr 22, 2024POS AM EDGAR
  14. Apr 22, 2024POS AM EDGAR
  15. Apr 22, 2024POS AM EDGAR
  16. Apr 22, 2024POS AM EDGAR
  17. Apr 22, 2024POS AM EDGAR
  18. Apr 22, 2024POS AM EDGAR
  19. Apr 22, 2024S-8 POS EDGAR
  20. Apr 22, 2024S-8 POS EDGAR

The 191 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

17 open-market trades by officers, directors and large owners since October 2021: 17 buys and 0 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Jun 15, 2022Walker Walter FrederickDirectorBuy1,000$15.02$15.0KForm 4
Jun 14, 2022Walker Walter FrederickDirectorBuy6,000$1.67$10.0KForm 4
Jun 13, 2022Walker Walter FrederickDirectorBuy3,800$15.26$58.0KForm 4
May 26, 2022Walker Walter FrederickDirectorBuy7,100$1.86$13.2KForm 4
May 25, 2022Walker Walter FrederickDirectorBuy4,700$8.21$38.6KForm 4
May 24, 2022Walker Walter FrederickDirectorBuy8,700$3.34$29.1KForm 4
Dec 8, 2021Schmidtke RichardDirectorBuy3,500$3.13$11.0KForm 4
Dec 3, 2021Walker Walter FrederickDirectorBuy9,700$2.78$27.0KForm 4
Nov 22, 2021Corr Chris JohnDirectorBuy9,960$2.51$25.0KForm 4
Nov 22, 2021Wong Dennis AndrewDirectorBuy2,000$2.40$4.8KForm 4
Nov 18, 2021Wong Dennis AndrewDirectorBuy2,500$2.28$5.7KForm 4
Nov 18, 2021Schmidtke RichardDirectorBuy8,500$2.29$19.5KForm 4
Nov 18, 2021Habersetzer JeffreyCOO/SecretaryBuy3,450$2.32$8.0KForm 4
Nov 18, 2021Walker Walter FrederickDirectorBuy13,800$2.25$31.1KForm 4
Nov 17, 2021Wong Dennis AndrewDirectorBuy5,000$2.21$11.1KForm 4
Nov 17, 2021Brown LanceChief Financial OfficerBuy22,303$2.23$49.7KForm 4
Nov 17, 2021Walker Walter FrederickDirectorBuy10,100$2.32$23.4KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

SEC filer profile

How Harbor Custom Development, Inc. is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARHarbor Custom Development, Inc.1
  • CIK0001784567
  • Employer ID (EIN)46-48274361
  • Filer statusNon-accelerated filer<br>smaller reporting company<br>emerging growth company1
  • Fiscal year endsDecember 311
  • Industry code (SIC)1531 Operative Builders1
  • SEC reviewing officeOffice of Real Estate & Construction, Division of Corporation Finance1
  • Business address11505 Burnham Dr. Nw, Suite 301, Gig Harbor, WA 983321
  • Phone25364906361
  • Shares outstanding2,686,431 as of Mar 28, 20244
  • Public float$5.0M as of Jun 30, 20234
  • On EDGAR sinceJan 24, 20201
  • Filings353 in all: 8-K (103), 4 (48), CORRESP (39), 3 (17), EFFECT (16), S-1/A (13), UPLOAD (13), POS AM (12)1
    All 39 form types

    10-Q (10), SC 13G/A (7), 424B4 (6), FWP (6), DEFA14A (5), S-1 (5), SC 13G (5), 10-K (4), 5 (4), DEF 14A (4), 8-A12B (3), CERT (3), PRE 14A (3), S-1MEF (3), 10-K/A (2), 4/A (2), 8-A12B/A (2), DRS (2), DRSLTR (2), S-8 (2), S-8 POS (2), 10-Q/A (1), 15-12G (1), 25-NSE (1), 3/A (1), 424B3 (1), AW (1), DEF 14C (1), RW (1), S-3 (1), S-3/A (1)

  • Latest filingsAnnual report (10-K) Mar 29, 2024
    Quarterly report (10-Q) Nov 14, 2023
    Proxy statement (DEF 14A) May 30, 2023
    Latest 8-K (8-K) Mar 8, 2024

Sources

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