HXSE

HXSE (the Hxbbard Nonprofit Stock Exchange) is a nonprofit platform designed to lead land bank collaborations and support community-driven development. Rooted in Michigan, HXSE helps local communities build sustainable ownership through innovative land reuse strategies.
Structured to comply with federal and state nonprofit laws, HSE follows key legal precedents—including the Howey Test (SEC v. W.J. Howey Co., 1946) and United Housing Foundation, Inc. v. Forman (1975)—ensuring its nonprofit-issued stock is not classified as a security and carries no expectation of profit for stockholders.
Drawing inspiration from nonprofit ownership models like the Green Bay Packers, HXSE prioritizes transparency, independent audits, and financial accountability to earn and maintain community trust.
At Hxbbard Nonprofit Stock Exchange, we prioritize people over profits because true community development requires putting people before markets. Our work is directly aligned with the foundational principles of land banks: returning vacant, abandoned, and tax-delinquent properties to productive use in ways that benefit the public, not private investors.
As a nonprofit, we reinvest every surplus dollar into advancing equitable outcomes, not into shareholder dividends (Maguire et al., 2004). This allows us to focus on community-driven ownership models, anti-displacement strategies, and sustainable neighborhood revitalization—priorities that often get overlooked in profit-driven real estate markets (RAND Corporation, 2021).
By aligning with land bank values, we are committed to fighting systemic inequities, advocating for policies like guaranteed income, ending mass incarceration, and universal healthcare. These efforts go hand in hand with the work of land banks to stabilize communities, prevent predatory speculation, and ensure that redevelopment serves existing residents first.
Profit-driven systems build wealth for a few; purpose-driven systems build futures for all. At Hxbbard, we’ve chosen purpose because that’s how we build lasting, equitable communities—together.
Financial transparency is a core principle of Hxbbard Nonprofit Stock Exchange. Unlike for-profit organizations, where profits are often distributed to shareholders, Hxbbard ensures that every dollar is allocated toward advancing its mission. This is achieved through stringent financial practices, including open financial disclosures and regular third-party audits, which guarantee both accountability and transparency (Yale University, 2020).
In nonprofit financial governance, trust and integrity are crucial for maintaining stakeholder support. By maintaining transparency in its financial operations, Hxbbard fosters a strong foundation of trust with donors, investors, and the broader community (RAND Corporation, 2021). These measures ensure that Hxbbard’s resources are consistently utilized to drive societal impact, rather than generating profits for individual shareholders.
Commitment to Transparency
At Hxbbard, we demonstrate transparency through the public release of financial reports and the use of independent audits to verify the accuracy and integrity of our financial activities. These practices not only comply with nonprofit governance standards but also build confidence among our stakeholders that funds are being responsibly managed to further our mission.
Conclusion
Through consistent financial transparency and robust governance practices, Hxbbard Nonprofit Stock Exchange ensures that all resources are aligned with its long-term goal of social impact. By remaining committed to open financial disclosures and third-party verification, Hxbbard continues to foster trust and integrity within the nonprofit sector.
Citatitions:
Green Bay Packers, Inc. (n.d.). History of the Green Bay Packers. Green Bay Packers, Inc. Retrieved from https://www.packers.com/history/
SEC v. W.J. Howey Co., 328 U.S. 293 (1946).
United Housing Foundation, Inc. v. Forman, 421 U.S. 837 (1975).
Securities Act of 1933, 15 U.S.C. § 77a et seq. (1933).
Securities Exchange Act of 1934, 15 U.S.C. § 78a et seq. (1934).
Request for Proposals (RFP)
25 by 2026 Container Home | Local 48202 Fellows Grant
Issued by: Local-Land Bank 48202
Contact: M. Lewis Bass, Managing Director
Email: 48202@hxse.org | (313) 555-48202
Purpose
The 25 by 2026 Container Home Initiative aims to seed 25 container home families in 48202 by 2026, helping residents build wealth through sustainable homeownership.
Grant Overview
- Award: $15,000 per Fellow
- Number of Awards: Up to 5 this round
- Use: Design, site prep, labor, permitting, or startup costs
- Eligibility:
  - Must live/work/have family ties to 48202
  - 18+ and committed to Detroit
  - Willing to attend workshops and report progress
Selection Criteria (Summary)
1. Community Commitment
2. Project Feasibility
3. Local Impact
4. Innovation
5. Equity Alignment
Timeline
- Open: June 21, 2025
- Due: August 15, 2025
- Award: September 5, 2025
- Completion Target: By December 2026
Apply:
Send RFP to 48202@hxse.org
Subject: 25 by 2026 – [Your Name]
Local 48202 Fellows: Land. Love. Legacy. www.hxse.org

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HXSE

3011 W Grand Blvd, Detroit, MI 48202