1Drop

What 1Drop does

1DROP is a Washington-state 501(c)(3) nonprofit collective, legally organized as 1DROP Operations, LLC and headquartered in Tacoma, that operates a community-led support ecosystem for underrepresented (primarily Black, Hispanic, and other BIPOC) real estate developers in the Puget Sound region. Its core product surface consists of the 1DROP Member Portal organized into four pillars (Connect with Community, Find Opportunities, Resources, and Advocacy) and a suite of direct programs: structured mentorship and educational programming, on-the-ground residencies and apprenticeships, funding-access brokering (acquisition funds, preconstruction funds, construction loans, loan guarantees), centralized services (permit expediting, financial analysis, estimating), and centralized tools/licenses/templates (including shared access to Autodesk Construction Cloud). Distribution is membership-based with an annual developer subscription billing model (14-day refund window) supplemented by donations and grants routed through third-party processors and fiscal sponsors such as the Greater Tacoma Community Foundation.

The organization is co-founded by Reggie Brown (Louis Rudolph Homes, 34+ years Washington real estate), Claude Remy (35 years experience, 550+ residential units developed), and Dominique Remy (146 units built in three years, also an Executive Director), with Keenan Grayson serving as Senior Program Manager. Go-to-market is community-led: word-of-mouth, partner referrals through the 120+ partner Black Home Initiative network, and participation in housing forums and industry events (Cascadia Innovation Corridor, Housing Washington 2025, HUD forums). Strategic financial and institutional partnerships include HomeSight (anchor partner on a $5M Washington State Department of Commerce grant for developers of color, announced November 2024), KeyBank, JPMorgan Chase, U.S. Bank, BECU, LISC Puget Sound, Tacoma Housing Authority, LMC Construction, Brawner, HUD Washington State Field Office, and Greater Tacoma Community Foundation.

Its Northstar goal is to support construction of 2,750 housing units by 2030 — equivalent to 1% of the 275,000-unit Puget Sound regional housing need identified by the Puget Sound Regional Council — and to generate $1B+ in associated economic activity. As of mid-2025, member-led projects had 72 units under construction, four members had acquired their first development properties in H1 2025, and completed/active projects include Ruth's Landing (10 units), Veya (10 units), Highland St (9 units), Birds Mill (16 units), 2 Chelan (40 units), and Heron Heights (36 units). Revenue, customer-level financials, and headcount are not disclosed in the source material.

Name

1Drop

Legal name

1DROP Operations, LLC

Website

https://1drop.co

Company type

Private

Founded year

2024

Operating status

Operating

Headcount range

11–50 employees

Short description

1DROP is a Tacoma, Washington-based 501(c)(3) nonprofit collective that provides mentorship, residencies, funding access, and centralized services to underrepresented developers of color building housing across the Puget Sound region. Revenue is generated through annual developer memberships and donations/grants, with a stated goal of 2,750 housing units by 2030.

Ownership category

akta.pro rank

Headquarters

HQ city

Tacoma

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Technology or R&D, Operations, Marketing or Sales, Others

Revenue model

1. Membership Fees: 1DROP generates revenue through annual membership subscriptions for developers who access the member portal, resources, mentorship, and networking opportunities. Memberships are billed annually with a 14-day refund policy.
2. Donations and Grants: The organization accepts donations processed through third-party providers and has secured grants including a $5M partnership with HomeSight and Washington State Department of Commerce for developers of color.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels5 records

Core offering

1DROP is a 501(c)(3) nonprofit collective that supports underrepresented real estate developers of color in the Puget Sound region through a multi-component support ecosystem. The core offering combines a member portal with structured mentorship and educational programming, on-the-ground residencies and apprenticeships, facilitated access to acquisition and construction funding sources, and centralized services (permit expediting, financial analysis, estimating) plus shared tools, licenses, and templates.

Product overview

1DROP is a collective of underrepresented real estate developers providing a multi-component support ecosystem for BIPOC developers in the Puget Sound region. The core offering includes the 1DROP Member Portal (with four areas: Connect, Opportunities, Resources, and Advocacy) complemented by direct support programs: Mentorship & Educational Programming, Residencies for hands-on training, Funding Access opportunities, Centralized Services (permit expediting, financial analysis, estimating), and Centralized Tools (licenses, templates, subscriptions). The organization aims to build 2,750 housing units by 2030, representing 1% of regional housing needs.

Differentiator

Problem solved

Functional benefit

Products and services

• 1DROP Member Portal
• Annual Developer Membership

Quantifiable outcome

• Goal to build 2,750 housing units by 2030 (1% of Puget Sound need)
• +3 more outcomes

Named customers8 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration3 records

Partnerships

Eight partnerships are on record, tiered core, major and supporting.

• HomeSightcoreStrategic or Co-development Partner · 1 November 2024Strategic partnership to secure $5 million grant from Washington State Department of Commerce through the Community Reinvestment Project. The grant supports acquisition financing for developers of color across Washington state. HomeSight serves as lead fiscal awardee and administrator, with 1DROP acting as advocacy partner.
• Black Home Initiative (BHI)coreStrategic or Co-development PartnerBHI is an impact network tackling systemic racial inequities in homeownership. Partnership includes $10,000 funding for 1DROP's developer mentoring program, 1DROP's Executive Director sitting on BHI Core Team, and collaboration on supply projects including land acquisition, construction financing, and sustainable designs.
• Tacoma Housing AuthoritycoreStrategic or Co-development PartnerFormalized partnership for 316-unit renovation of Salishan and Hillside Terrace communities. Partnership creates pathways for underrepresented developers through residency positions and includes collaborative community engagement and design input.
• LMC ConstructionmajorStrategic or Co-development PartnerGeneral contractor partner for Salishan-Hillside 316-unit renovation project. Co-hosting bid opportunity events with 1DROP to expand subcontractor access to construction opportunities.
• BrawnermajorStrategic or Co-development PartnerConstruction and development partner for Salishan-Hillside 316-unit renovation. Brawner brings 30-year track record in innovative financing, design, and construction approaches.
• HUD (U.S. Department of Housing and Urban Development)majorStrategic or Co-development PartnerHUD's Washington State Field Office partnered with 1DROP for Developers of Color Forum and project tours. 1DROP co-founders participated in panels to discuss systemic barriers and solutions for BIPOC developers.
• Congresswoman Marilyn Strickland (WA-10)majorOthersMet with 1DROP founders to discuss legislative support for equitable land use policies and empowerment of minority developers in Washington State.
• Miami Homes for AllsupportingStrategic or Co-development PartnerLed learning exchange with BHI, taking 8 1DROP member developers on site visit to Miami to explore community-centered development strategies.

Scale indicators6 records

Recent moves6 records

Expansion highlights5 records

Direct peers

• Black Home Initiative: An impact network tackling systemic racial inequities in homeownership in the Puget Sound region, with 120+ partners. Directly comparable as the parent ecosystem 1DROP sits within, sharing mission focus on BIPOC housing outcomes and developer pipeline.
• HomeSight: A Washington State nonprofit focused on BIPOC homeownership pathways and real estate development. Direct peer and 1DROP partner — co-administers the $5M WA Department of Commerce Community Reinvestment Project for developers of color.
• National Association of Real Estate Brokers (NAREB): The oldest Black professional trade association in real estate, focused on Black participation in real estate ownership, development, and brokerage. Comparable in serving BIPOC real estate professionals with training, advocacy, and network support.
• Grounded Solutions Network: A national membership network for community land trusts and shared equity programs. Directly comparable as a membership-driven organization supporting alternative real estate development models focused on permanently affordable housing and community stewardship.
• Miami Homes for All: A Florida-based BIPOC developer and housing equity organization. Direct peer via a learning exchange that brought 1DROP members to Miami for community-centered development strategies. Comparable mission and target population.
• National Association of Hispanic Real Estate Professionals (NAHREP): A leading Hispanic real estate trade organization with education, advocacy, and developer support programs. Comparable in advancing underrepresented real estate professional outcomes and addressing homeownership gaps for communities of color.
• Asian Real Estate Association of America (AREAA): A national trade organization advocating for sustainable homeownership and real estate development opportunities for Asian American communities. Comparable in serving an underrepresented real estate demographic with education and network infrastructure.

Broad incumbents

• LISC (Local Initiatives Support Corporation): A major national CDFI financing community development across urban and rural America. Direct programmatic overlap via the Housing Equity Accelerator, which supports 1DROP member acquisitions; broader portfolio across many communities.
• Habitat for Humanity: A global affordable housing nonprofit building and rehabilitating homes with partner families. Comparable mission on affordable homeownership expansion; much larger scale and geographic footprint than 1DROP. Claude Remy has consulted for Habitat Tacoma.
• Enterprise Community Partners: A national nonprofit investing in affordable housing and community development across the U.S. Comparable mission in expanding affordable housing supply and supporting community-based developers at much larger scale.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• Facebookfacebook.com/people/1DROP-Collective/61553757691236
• Instagraminstagram.com/1drop.co
• LinkedInlinkedin.com/company/1drophomes
• YouTubeyoutube.com/@1drop-collective

Revenue estimate

Valuation estimate

Number of profiles

Profiles4 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about 1Drop