U.S.
      SECURITIES AND EXCHANGE COMMISSION


Washington,
      D.C. 20549







FORM
        10-KSB/A










**[X]**
            **ANNUAL
                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934
                for the period ended December 31,
                2004**





**[ 
                ]**
            **TRANSITION
                REPORT UNDER SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF
                1934
                for the transition period from _______ to
                _______**




HOUSERAISING,
        INC.
 (Exact
        name of small business issuer as specified in its charter)




**TECHNOLOGY
        CONNECTIONS, INC.**
 (Former
        name of registrant)




**North
                Carolina**
              **(State
                or other jurisdiction
                of**
              **incorporation
                or
                organization)**
            **56-2253025**
              **(IRS
                Employer identification No.)****4801
                East Independence Road, Suite 201,**
              **Charlotte,
                North Carolina 28212**
              **(Address
                of principal executive offices)**
            **000-50701**
              **(Commission
                File
                No.)****(704)
                532-2121**
              **(Issuer's
                telephone number)**




**Securities
      registered under Section 12(b) of the Act:**


**NONE**




**Securities
      registered under Section 12(g) of the Act:**


**Common
      stock (par value $.001 per share)**






Check
      whether the issuer (1) filed all reports required to be filed by Section 13
      or
      15(d) of the Exchange Act during the past 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 x No o





Check
      if
      there is no disclosure of delinquent filers in response to Item 405 of
      Regulation S-B is not contained in this form, and no disclosure will be
      contained, to the best of registrant’s knowledge, in definitive proxy or
      information statements incorporated by reference in Part III of this form 10-KSB
      or any amendment to this Form 10-KSB. x





The
      aggregate market value of the common shares (based on the closing price) held
      by
      non-affiliates of the registrant on March
      15,
      2005 was approximately $13,311,682.





Number
      of
      shares of common stock outstanding as of March 15, 2005: 37,369,774


Number
      of
      shares of preferred stock outstanding as of March 15, 2005:
      1,000,000














REPORTS
      TO SECURITY HOLDERS





We
      are a
      reporting company under the requirements of the Securities Exchange Act of
      1934
      and will file quarterly, annual and other reports with the Securities and
      Exchange Commission. This annual report contains the required audited financial
      statements. We are not required to deliver an annual report to security holders
      and will not voluntarily deliver a copy of the annual report to security
      holders, except in connection with our annual meeting of shareholders.. The
      reports and other information filed by us will be available for inspection
      and
      copying at the public reference facilities of the Commission, 450 Fifth Street,
      N.W., Washington, D.C. 20549.





Copies
      of
      such material may be obtained by mail from the Public Reference Section of
      the
      Commission at 450 Fifth Street, N.W., Washington, D.C. 20549, at prescribed
      rates. Information on the operation of the Public Reference Room may be obtained
      by calling the SEC at 1-800-SEC-0330. In addition, the Commission maintains
      a
      World Wide Website on the Internet at http://www.sec.gov that contains reports,
      proxy and information statements and other information regarding registrants
      that file electronically with the Commission.




**EXPLANATORY
          NOTE:**
 This
            amendment to the annual report on Form 10-KSB for the period ended December
            31,
            2004 of registrant HouseRaising, Inc. (HRAI) is being filed solely to
            correct
            Item 8 relating to the Company to clarify that our disclosure controls
            and
            procedures are designed to provide a reasonable assurance of achieving
            their
            objectives and that our principal executive officer and principal financial
            officer conclude that our disclosure controls and procedures are effective
            at
            that reasonable assurance level and that our chief executive officer
            and chief
            financial officer reached a conclusion that our disclosure controls and
            procedures are effective. This amendment to the annual report on Form
            10-KSB/A
            includes changes to make the following statements clear, changes references
            from
“Form 10-KSB” to “Form 10-KSB/A,” and provides new Chief Executive Officer and
            Chief Financial Officer certifications in place of the original certifications
            (HRAI Exhibits 31.1, 31.2, 31.3, 31.4, 32.1, 32.2, 32.3,
            32.4).


2




**HOUSERAISING,
                  INC.****FORM
                  10-KSB**For
                  the Year ended December 31, 2004**TABLE
                  OF CONTENTS**PageCautionary
                  Statement and Risk Factors that May Affect Future
                  Results
              4PART
                  IITEM
                  1.
              Business
              5ITEM
                  2.
              Property
              9ITEM
                  3.
              Legal
                  Proceedings
              9ITEM
                  4.
              Submission
                  of Matters to a Vote of Security
                  Holders
              9PART
                  IIITEM
                  5.
              Market
                  for Registrants Common Equity and Related Stockholder
                  Matters
              10ITEM
                  6.
              Selected
                  Financial Statements
              11Balance
                  Sheet - December 31, 2004
                  (audited)
              12Statements
                  of Operations - Year Ended December 31, 2004
                  and 2003 (audited)
              13Statements
                  of Cash Flows - Year Ended December 31, 2004 and
                  2003 (audited)
              14Notes
                  to Financial Statements (audited)
              16ITEM
                  7.
              Management’s
                  Discussion and Analysis of Financial Condition
                  and Plan of Operations
              27ITEM
                  8.
              Changes
                  in and Disagreements with Accountants on Accounting
                  and Financial Disclosure
              30ITEM
                  8A.
              Controls
                  and Procedures
              30ITEM
                  8B.
              Other
                  Matters
              31PART
                  IIIITEM
                  9.
              Directors,
                  Executive Officers of the
                  Registrant
              32ITEM
                  10.
              Executive
                  Compensation
              32ITEM
                  11.
              Security
                  Ownership of Certain Beneficial Owners and
                  Management Related Stockholder
                  Matters
              33ITEM
                  12.
              Certain
                  Relationships and Related
                  Transactions
              33ITEM
                  13.
              Principal
                  Accountant Fees and Services
              33PART
                  IVITEM
                  14.
              Exhibits
                  and Reports on Form 8-K
              34Singatures
              35


3




**Cautionary
        Statement and Risk Factors that May Affect Future
        Results**





This
      report and other presentations made by HouseRaising, Inc. (“HRI” or “Company”)
      and its subsidiaries contain “forward-looking statements,” which include
      statements that are predictive in nature, depend upon or refer to future events
      or conditions, and usually include words such as “expects,” “anticipates,”
“intends,” “plans,” “believes,” “will,” “predicts,” “estimates,” “we believe,”
“the Company believes,” “management believes” or similar expressions. In
      addition, any statements concerning future financial performance (including
      future revenues, expenses, earnings or losses or growth rates), ongoing business
      strategies or prospects and possible future actions are also forward-looking
      statements. Forward-looking statements are based on current expectations and
      projections about future events and are subject to risks, uncertainties and
      the
      accuracy of assumptions concerning HRI and its subsidiaries, the performance
      of
      the industries in which it does business and economic and market factors, among
      other things. **These
      forward-looking statements are not guarantees of future
      performance.**





Risks,
      uncertainties and other important factors that could cause actual results to
      differ materially from those in forward-looking statements and from historical
      results include, but are not limited to, the following:





·
            Changes
                in general and local economic and market conditions where our operations
                are conducted and where prospective purchasers of homes
                live;


·
            the
                effects of weather and natural
                disasters;


·
            global
                developments, including terrorist acts and war on terrorism negatively
                affecting local home building industry and adversely affecting new
                home
                installations market;


·
            the
                timing and extent of changes in interest
                rates;


·
            negative
                trends in residential homebuilding adversely affecting our
                business;


·
            actions
                by competitors that negatively affect us—the homebuilding market is
                extremely competitive, characterized by competition from a number
                of home
                builders in each market in which we operate, and there are few barriers
                to
                entry;


·
            no
                assurance that the Company will be able to recruit quality homebuilders
                and sales personnel in order to meet the goals set forth in its business
                plan and planned rollout of Zone
                operations;


·
            no
                assurance that anticipated acquisitions will materialize and/or be
                successfully integrated into
                operations;


·
            the
                risks of suffering losses that are uninsured—construction defect and home
                warranty claims arising in the ordinary course of business are common
                in
                the homebuilding industry and can be costly; if we are not able to
                obtain
                adequate insurance against these claims, we may experience losses
                that
                could hurt our business;


·
            the
                effects of changes in accounting principles applicable to HRI and
                its
                subsidiaries;


·
            given
                the prominence of the automated design/build system in HRI’s operations
                and business plan, there is a risk that the Company may not complete
                the
                automated design/build system or generate significant retail sales
                in the
                future;


·
            while
                the company has filed a patent registration to protect its intellectual
                property, until patent pending has been issued, HRI’s technology and
                software are at risk of being copied by
                competitors;


·
            HRI’s
                success is heavily dependent upon the continued active participation
                of
                its President, Robert V. McLemore;


·
            our
                common stock trades on the over-the-counter market and is subject
                to high
                volatility; future sales of common stock could adversely affect the
                stock
                price;


·
            principal
                stockholders control business affairs which means investors will
                have
                little or no participation in
                business;


·
            the
                risk that an investor in the Company will never see a return on investment
                and the stock may become worthless;


·
            the
                risk that the Company will be unable to obtain needed capital or
                unable to
                establish credit arrangements on satisfactory terms, which would
                require
                it to curtail operations;


·
            to
                the extent additional capital is raised through the sale of equity
                and/or
                convertible debt securities, this could result in dilution to shareholders
                and/or increased debt service;


·
            we
                have never paid dividends and do not intend to pay dividends for
                the
                foreseeable future given need to retain earnings to finance the
                development and expansion of the
                business;


·
            federal
                and state governmental and regulatory actions, such as changes in
                laws,
                rules and regulations applicable to HRI and its subsidiaries (including
                changes in taxation, environmental laws and regulations, occupational
                safety and health acts, workmen’s compensation statutes, unemployment
                insurance and governmental fees and
                assessments);


·
            HRI
                is a development stage company that has an accounting opinion that
                raises
                substantial doubt about its ability to continue as a going concern
                (see
                independent auditor’s report and notes on management’s plan for more
                details);


·
            other
                risks or uncertainties described elsewhere in this report and in
                other
                periodic reports previously and subsequently filed by HRI or its
                predecessor company with the Securities and Exchange Commission
                (SEC).





Forward-looking
      statements speak only as of the date of the report, presentation or filing
      in
      which they are made. Except to the extent required by the federal securities
      laws, HRI and its subsidiaries undertake no obligation to publicly update or
      revise any forward-looking statements, whether as a result of new information,
      future events or otherwise.





4





**PART
      I**





**ITEM
      1. BUSINESS.**





**General**





HouseRaising , Inc.,
      a
      Delaware corporation, was organized in 1999 by
      Robert
      V. McLemore, founder and president. HouseRaising’s founder formed the company to
      develop a design/build business process capable of turning complicated pre-sold
      homebuilding projects into predictable experiences for buyers and builders.
      Utilizing four decades of experience in the design/build industry and state
      of
      the art technology, Mr. McLemore has turned those experiences into a patented
      framework capable of bringing predictability to pre-sold design/build and
      renovation projects. On August 31, 2004, HouseRaising, Inc., merged with
      Technology Connections, Inc., a North Carolina corporation and publicly traded
      company, and Technology Connections, Inc. changed its name to HouseRaising,
      Inc.
      HouseRaising, Inc., a North Carolina corporation (“HRI” or “Company”), is the
      issuer filing this annual report on Form 10-KSB.




When
      this
      section uses the words
      “the company,” "we," "us," and "our," they refer to
      HouseRaising, Inc. a nd its subsidiaries,
      unless the context otherwise requires. The Company’s principal executive offices
      are located at 4801 East Independence Boulevard, Suite 201, Charlotte, North
      Carolina 28212. Its telephone number is (704) 532-2121.





**Our
      Business:**





HouseRaising
      is a development stage company and has net revenues of $159,130 and net loss
      of
      $(927,196) in fiscal 2004. HRI is in the business of selling, designing and
      managing design/build and renovation projects and home building solutions in
      the
      residential homebuilding market for homebuyers and homebuilders. HRI is a unique
      company that sells, designs and builds unique homes for homebuyers on lots
      they
      have purchased, and acts as contractors in providing renovation projects on
      customer’s existing homes. Using it’s own proprietary software, HouseRaising
      also serves as an Application Service Provider focusing on bringing disruptive
      technology/solutions to the custom home building industry, thus helping
      HomeBuyers build their own home and independent HomeBuilders who manage the
      complete building process.





HRI
      is in
      the process of implementing its national rollout business plan which includes:
      1) the completion of an internet-based portal and digital framework for the
      company’s proprietary design/build management system named System C that will be
      utilized in selling, designing and managing design/build and renovation
      projects; 2) developing an operating arm that connects company operations and
      digital system to homebuyers and small builders; and 3) building a national
      marketing network through internet, telephone and direct channels that allow
      customers to design/build and manage the home of their dreams in the manner
      they
      so desire.





Management
      estimates that there is a substantial market for its design/build services,
      which will be accessed through affiliated relationships with small, hands-on
      builders who commit to conduct the business of building homes the HouseRaising
      way. Management believes this market exists based on the size of the current
      design/build market and its anticipated growth over the next five years.
      HouseRaising’s plan is to develop small builder relationships in small markets
      and in isolated places where most large builders cannot feasibly develop
      operations. HouseRaising will operate on a smaller scale than that of many
      of
      the large regional builders. From this strategy HouseRaising hopes to produce
      significant revenues over a five year period of time.





**HouseRaising
      Involves the Design/Build Segment of Homebuilding Industry:**





Throughout
      the country, custom homebuyers will continue to purchase lots and build primary
      and secondary homes. They are building in resort areas, on special lots
      purchased in the mountains and in coastal areas where they design and build
      the
      home of their dreams for their customers. Additionally, families living in
      urban
      and suburban areas throughout America will continue to locate further and
      further away from large metropolitan areas. Developers are finding customers
      to
      purchase lots in golf course communities developed in rural areas, which entail
      drives of close to an hour from the city. Low interest rates and low inflation
      have teamed to provide homebuyers the opportunity to not only build a fine
      home,
      they can now afford to include upgrades, making the home truly a dream home.





**HouseRaising’s
      Design/Build System:**





The
      HouseRaising system represents a tried and proven method that provides users
      a
      way to manage emotional issues faced in every design/build project. This process
      allows homebuyers and builders to conduct business fairly and enjoyably,
      building complicated projects at fair prices. HouseRaising is combining its
      system and support operation into a structure capable of duplication regionally
      and nationally. Through three subsidiaries: HouseRaisingAcademy, HouseRaisingUSA
      and HouseRaising—HomeBuyerDirect., the company believes its approach will
      revolutionize the design/build industry.





5




**HouseRaisingAcademy,
      LLC (“HRA”):**





HouseRaisingAcademy,
      LLC is a wholly-owned subsidiary of the company. HRA is an internet-based portal
      and digital framework for HouseRaising’s proprietary design/build management
      system named System C. System C addresses 1,269 issues through implementation
      of
      3,400 business requirements that are
      inherent in all Design/Build Custom Homes across 6 platforms that can be
      accessed from the Internet by HomeBuyers and HomeBuilders. The
      Academy also offers online learning programs that are utilized to teach users
      the what, where, when, how and why of HouseRaising’s superior design/build
      process outlined in System C. HouseRaisingAcademy links homebuyers, homebuilders
      and vendors in an organized and focused experience designed to achieve
      predictable results. Additionally, by linking classroom and Internet learning
      programs, HRA retrains individuals to become successful entrepreneurs in the
      design/build industry.





**HouseRaisingUSA,
      LLC (“HR-USA”):**





HouseRaisingUSA,
      LLC is a wholly-owned subsidiary of the company. HR-USA
      is the people side of the business, connecting the company operations and
      digital system to homebuyers and local builders- turning design and build
      projects into successful endeavors. HR-USA extends its presence nationally
      by
      establishing and managing 37 Zone Design/Build operations across the
      country.  During the first 5 years, HR-USA plans to fully develop the
      Carolinas’ operating Zone through company builders and builder relationships
      that sell, design and build unique homes and renovation projects. By the fifth
      year of operation. HR-USA plans to roll out four additional Zone operations
      (one
      each year).





**HouseRaising—HomeBuyerDirect,
      LLC (“HR—HBD”):**





HouseRaising—HomeBuyerDirect,
      LLC is a wholly-owned subsidiary of the company. HR—HBD is a national company
      operating as an Internet and direct marketing channel for HomeBuyers to manage
      and design/build their own dream home. HR-HBD sells a menu of services and
      provides consulting and systems to help HomeBuyers manage the complex home
      building process. In these projects, the HomeBuyers have the financial risks
      of
      the costs of finished projects, thus HRI reports these revenues as fees charged
      and not the project’s sales price. In some cases, customers will decide to
      engage HR-HBD to build the home for them at a fixed price. .





**A
      Summary of the HouseRaising Business...its Vision and Long Range
      Goals:**





Through
      implementation of a 5-stage business development plan, HouseRaising intends
      to
      grow the business significantly in the design/build and renovation
      categories.





The
      company intends to accomplish its goal by consolidating quality builders and
      vendors into a single company, by designing and building single-family homes
      and
      renovation projects, and by acquiring existing companies.





**HouseRaisingUSA
      Manages Expansion Nationally by Creating Relationships with Many Small Builders
      Selling and Building Two to Three Homes Annually:**





HouseRaisingUSA’s
      marketing focus is to operate under the radar screens of large builders, with
      goals of becoming “a national company of local homebuildersTM.” While
      HouseRaising will establish builder relationships in large cities, our emphasis
      is developing multiple builder relationships in small towns across
      America.





Thousands
      of homebuyers each year enter the design/build arena by developing house plans
      from their dreams. They take incomplete plans and specs and set out to obtain
      bids from small builders, hoping to obtain fair prices and a quality product.
      Without realizing it, these homebuyers are creating a nearly impossible business
      endeavor, putting their dream homes in a battle with small builders and vendors.
      By connecting all parties to the contract and by utilizing HouseRaising’s unique
      design/build system and management process, HRI allows homebuyers to develop
      financially sound and enjoyable homebuilding experiences. HouseRaising
      eliminates surprises by establishing quality standards and management processes
      utilized by all participants in the project.





HouseRaising’s
      unique process does not reduce builder creativity nor does it restrict the
      ability to create “one of a kind” residences demanded by discriminating buyers.
      HouseRaising’s invention encourages unique homebuilding by defining the what,
      when, how and why of creating quality residences in a fun and financially sound
      manner. HouseRaising is a tried, tested and proven process appreciated by
      builders, vendors, and homebuyers alike.





6




**HouseRaising’s
      Typical Builder Candidate:**





The
      small
      homebuilder/entrepreneur is the number one candidate for becoming a HouseRaising
      Builder. These dedicated homebuilders manage 2 to 4 home projects annually
      because they love it, and because building someone’s home allows them a way to
      express their creative talents. The builders are usually skilled in the art
      of
      building, own a pick up truck and tools required to build a quality home.
      Currently, there are approximately 12,000 licensed homebuilders in North
      Carolina alone that bid against each other on complex design/build projects.
      The
      majority of homebuilder/entrepreneurs fail because they cannot control their
      projects. They usually earn less money per year than the subcontractors they
      employ to erect the homes they build. HouseRaising recruits these builders
      into
      a well-organized operation, where they can focus on building quality homes
      at
      fair prices.





**HouseRaising’s
      Invention Sets the Company Apart from All Others in the Design/Build Industry:**





HouseRaising,
      Inc. is a company representing a body of knowledge derived from four decades
      of
      selling, designing and building unique homes. That knowledge consists of
      in-depth analyses and review of 2,000 design/build projects performed by its
      president and founder, Robert V. McLemore.  In addition to reviewing
      physical results of each project, the analyses considered homebuyer, homebuilder
      and vendor contributions, their personalities, emotions, expectations and
      behavioral patterns. The five-year long project resulted in identifying 1,269
      issues that confront every design/build project. Important to the study, it
      was
      determined that each of the 1,269 issues had a direct impact on both the
      emotional and financial outcome of the projects. The analysis resulted in
      HouseRaising defining 3,400 specific business requirements needed to address
      these issues. HouseRaising is developing this intellectual property into a
      proprietary design/build system offered as an Internet-based management
      structure designed to train and support projects nationwide. When complete,
      this
      system and support structure will represent a HouseRaising investment in excess
      of $10 million in an intangible asset on its books. As of December 31, 2004,
      the
      date of our last audit, the intangible asset on HouseRaising books amounted
      to
      $8,571,239, HouseRaising has filed for patent on its System C process in 150
      countries.





In
      addition to the specific tasks defined by the 3,400-part process, HouseRaising
      is developing a proprietary “Design/Price Module” that electronically prices
      unique homes without homebuyers prematurely investing in house plans. This
      unique module assists homebuyers and builders to create and price their dream
      home within minutes, reducing the anxieties created by paying for house plans
      that do not meet the financial needs of the participants. Historically, this
      pricing/designing process predicts costs of unique home projects to within
      1/2
      of 1% of actual costs.





**HouseRaisingAcademy’s
      Use of Technology and the Invention:**





HouseRaising
      has invented a tool that enables the company to manage custom homebuilding
      like
      no other company in the business. The invention has been tested and it works.
      Technology allows HouseRaisingAcademy to replicate the invention in many
      locations simultaneously, without loss of control. HouseRaising’s business model
      utilizes the Internet to distribute and manage the use of its invention to
      define the WHAT IS TO BE DONE...BY WHOM... WHERE...WHEN...and WHY on *every* project.





**The
      Academy’s Design Center:**





“No
      Surprises” with HouseRaising: HRI develops Zone Design Centers throughout the
      country whereby HomeBuyers can view every item that will be installed in their
      homes. Not only the materials and fixtures that will be in the homes, but to
      view the items “installed” thereby defining the quality of the products and the
      installation of those products.





Bundled
      Services: HouseRaisingAcademy offers Homebuyers a Choice of Building Processes
      from having HRI design and build the home 100% Turn Key- to Assisting Homebuyers
      That Choose to Manage the Building of Their On Home





On-line
      Dependable Pricing: HomeBuyers can negotiate prices on-line and contract for
      services from a menu of support services, thereby reducing the costs of their
      homes by more than the 15% normal savings provided by HouseRaising’s Turn-Key
      Builders.




**Competition:**





The
      homebuilding business is highly competitive and fragmented. However,
      HouseRaising’s competition is not the large national homebuilders, we compete
      with the small craftsman or craftswoman builders that bid against other small
      builders for projects provided by customers. Currently, we know of no companies
      developing the type affiliations and support structure HouseRaising offers
      small
      builders.





7




**The
      HouseRaising Advantage:**





HouseRaising
      is unique in its approach to the marketplace. It focuses on the smaller markets
      where there is little or no competition. The company utilizes small local
      builders who’s quality and workmanship are masterful, but the cost of their
      services are much lower than average. HouseRaising assumes almost no risk,
      i.e.,


•
no
      risk
      in purchasing land (homebuyer already has his lot),


•
no
      risk
      during construction (homebuyer gets the construction loan), and


•
no
      risk
      after construction (homebuyer already secured permanent financing).


Furthermore,
      the company's margins are excellent at 16% for new homes and 24% for
      renovations.





HouseRaising
      is a low cost operation with low capital expenses as well. By utilizing small
      builders for lower costs and the efficiency brought to bear by System C, coupled
      with no financing costs and low sales & marketing costs assures HouseRaising
      a low cost structure.





**HR-USA:
      The Zone Model**





HouseRaising
      is a national company, however our job cost accounting system reduces all Zone
      costs to a set amount charged to each design/build and renovation project.
      This
      allows management to adjust projections and overhead costs based on sales.
      The
      consolidated projection of zone cash sources and uses lists net cash flow
      derived from design/build and renovation projects in a zone after deducting
      costs of producing the homes, costs of the region’s services and support, and
      including costs of the zone employees and overhead costs.





HouseRaising's
      long-term plans envision developing 37 Zones throughout the country. HRI targets
      selling 1/2 of 1% of the market in that territory, a viable and attainable
      goal.
      The rest of 2005 is dedicated to expanding Zone 1 in the Carolinas and to
      completing the system and management process. Thereafter, the company will
      start
      rolling out a new Zone each year and eventually across the country. The
      continued rollout of additional Zones would build a much larger business for
      HouseRaising.





We
      are in
      the process of developing a design center showroom for Zone 1 in Charlotte,
      North Carolina. This gives the consumer the chance to experience the features
      and benefits of our design and home building process first-hand.





**HR-HomeBuyerDirect:
      The Internet / System C Advantage**





HR-HBD
      combines the advantage of sales and service over the Internet with System C
      enabling the HomeBuyer, who has decided to be the General Contractor, to access
      the System C’s six platforms for a systemized way of building his dream home.
      This enables the HomeBuyer to cover the 3,400 tasks inherent in all custom
      design/build home projects, managed through the Internet. This assures the
      project is complete on-budget, in a timely fashion, with a quality product,
      and
      a savings of around 22% versus what he would normally pay. HR-HomeBuyerDirect
      derives its revenue through charging fees for its services, typically 8% for
      a
      new home or renovation project. HR-HBD will offer its services on a nationwide
      basis.





**HouseRaisingAcademy**





HouseRaisingAcademy
      derives its revenue from the following:


•
2%
      royalty and service fees on the price of the new home or renovation to
      HomeBuilders, including HR-USA, that use System C and the Design
      Center.


•
2%
      royalty and service fee on the price of the new home or renovation to the
      HomeBuyer accessing System C over the Internet. Fee is charged to
      HR-HomeBuyerDirect which is bundled into its combined offering to the HomeBuyer.
      There will also be opportunity to earn fees for Certifying Builders and Seminar
      Fees for both HomeBuyers and HomeBuilders that use the System On-line. No
      additional revenues have yet been added for these services.





HRA
      reduces the 1,269 issues to management requirements and teaches homebuilders,
      homebuyers, vendors and subcontractors how to utilize the system to develop
      predictable projects. The company, created in 2003, is developing System C,
      the
      Zone Kit and the E-Learning operation. The HouseRaising Academy is being
      developed by Grant Neerings, an experienced IT officer and owner of LearnBytes.
      The Academy will electronically manage operations from a central
      location.


Similar
      to airline pilots reviewing preflight lists and takeoff procedures,
      HouseRaisingAcademy insures that Zone Operations’ use of the system is repeated
      on each project, focusing the success of the project more on the user's ability
      to follow specific instructions, than on their ability to know the
      material.





It
      is the
      combination of the learning experience with the discipline created by repeated
      use of the Academy that provides HouseRaising an accurate means of predicting
      outcomes of projects on a national level.  This service is available only
      through a proprietary software system and an Internet-based interactive learning
      center, HouseRaising does not disclose the details of the 1,269 Business Issues
      and subsequent Business Requirements which provides added protection for its
      intellectual properties.





During
      the past few months, a manual adaptation of the System and process was
      introduced in the Carolinas, serving a dozen independent homebuilders, and
      generating predicted results in terms of profits for HouseRaising and its
      Builder Partners while saving Homebuyers between 15% and 30% on the cost of
      their new homes.





8




**Regulation
      and Environmental Matters:**





Since
      HouseRaising does not develop subdivisions or communities, the company is less
      effected by environmental and regulation matters. We are subject to various
      local, state and federal statutes, ordinances, rules and regulations concerning
      zoning, building designs, construction and similar matters. In addition, we
      are
      subject to various licensing, registration and filing requirements in connection
      with construction, advertising and sale of design/build projects in our regional
      operations. We are also subject to a variety of local, state and federal
      statutes, ordinances, rules and regulations concerning protection of public
      health and the environment. We maintain a policy of engaging engineers and
      environmental consultants to evaluate certain sites located in environmental
      sensitive areas.




**Outlook
      for Homebuilding is Positive:**





The
      homebuilding industry is enjoying record sales and has done so for close to
      a
      decade. Low interest rates coupled with population growth, forming millions
      of
      new households each year has created record profits for the nation’s largest
      builders. HouseRaising’s research indicates the current level of homebuilding
      throughout America is sustainable as long as interest rates stay between 6%
      and
      7%. While most economists support the theory that current rates will continue
      to
      rise, they also believe it unlikely that rates will rise above the 6-7% target
      in the near future. Whatever the outcome of interest rates and the economy,
      it
      is obvious that homebuilding in general should remain brisk through 2010.








**ITEM
      2. PROPERTY.**





We
      do not
      own any property nor do we have any contracts or options to acquire any property
      in the future. Our corporate headquarters is currently located at 4801 E.
      Independence Blvd., Charlotte, NC 28212, and we occupy that space pursuant
      to a
      month to month agreement requiring the payment of $6,547.85 per month.








**ITEM
      3. LEGAL PROCEEDINGS.**





None.








**ITEM
      4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY
      HOLDERS**





None.




9





**PART
      II**





**ITEM
      5. MARKET FOR REGISTRANTS’ COMMON EQUITY AND RELATED STOCKHOLDER
      MATTERS**





Our
      stock
      is qualified for quotation on the over the counter bulletin board under the
      symbol "HRAI", formerly “TLGY”(3) in 2003. During the 2003 through 2004 period,
      the Company's common stock traded on the Over-the-Counter Bulletin Board. The
      range of high and low bid quotations for the Common Stock for the two most
      recently completed fiscal years and the current fiscal year are provided below.
      The volume of trading in the Company's Common Stock has been limited and the
      bid
      prices as reported may not be indicative of the value of the Common Stock or
      of
      the existence of an active trading market. These over-the-counter market
      quotations were provided by the Over-the-Counter Bulletin Board and may not
      necessarily represent actual transactions; they reflect inter-dealer prices
      without retail markup, markdown or commissions.





2003
                  Fiscal Year
              High
                  Bid
              Low
                  BidFirst
                  Quarter
              $
                  0.42
              $
                  0.30Second
                  Quarter
              $
                  0.66
              $
                  0.24Third
                  Quarter
              $
                  0.64
              $
                  0.16Fourth
                  Quarter
              $
                  0.80
              $
                  0.402004
                  Fiscal Year
              High
                  Bid
              Low
                  BidFirst
                  Quarter
              $
                  0.65
              $
                  0.12Second
                  Quarter
              $
                  0.70
              $
                  0.15Third
                  Quarter (1)
              $
                  1.01
              $
                  0.14Fourth
                  Quarter (1)
              $
                  3.15
              $
                  0.232005
                  Fiscal Year
              High
                  Bid
              Low
                  BidFirst
                  Quarter (2)
              $
                  3.05
              $
                  1.15


(1)
            HouseRaising
                consummated a reverse merger with Technology Connections on August
                31,
                2004.


(2)
            Reflecting
                trading through March 15, 2005.


(3)
            Trading
                on the OTC Bulletin Board was first reported on 12/09/02 under
                “TGYC”.





The
      number of holders of record of the Company's common stock as of March 15, 2005
      is 95.





BECAUSE
      OUR STOCK IS CONSIDERED A PENNY STOCK ANY INVESTMENT IN OUR STOCK IS CONSIDERED
      TO BE A HIGH-RISK INVESTMENT AND IS SUBJECT TO RESTRICTIONS ON
      MARKETABILITY.





Our
      Shares are "penny stocks" within the definition of that term as contained in
      the
      Securities Exchange Act of 1934, which are generally equity securities with
      a
      price of less than $5.00. Our shares will then be subject to rules that impose
      sales practice and disclosure requirements on certain broker-dealers who engage
      in certain transactions involving a penny stock. Under the penny stock
      regulations, a broker-dealer selling penny stock to anyone other than an
      established customer or "accredited investor" must make a special suitability
      determination for the purchaser and must receive the purchaser's written consent
      to the transaction prior to the sale, unless the broker-dealer is otherwise
      exempt. Generally, an individual with a net worth in excess of $1,000,000 or
      annual income exceeding $200,000 individually or $300,000 together with his
      or
      her spouse is considered an accredited investor.





In
      addition, the penny stock regulations require the broker-dealer to:


·
            deliver,
                prior to any transaction involving a penny stock, a disclosure schedule
                prepared by the Securities and Exchange Commission relating to the
                penny
                stock market, unless the broker-dealer or the transaction is otherwise
                exempt;


·
            Disclose
                commissions payable to the broker-dealer and the Registered Representative
                and current bid and offer quotations for the securities;


·
            Send
                monthly statements disclosing recent price information with respect
                to the
                penny stock held in a customer's account, the account's value and
                information regarding the limited market in penny
                stocks;




Because
        of these regulations, broker-dealers may encounter difficulties in their
        attempt
        to sell shares of our common stock, which may affect the ability of selling
        shareholders or other holders to sell their shares in the secondary market
        and
        have the effect of reducing the level of trading activity in the secondary
        market. These additional sales practice and disclosure requirements could
        impede
        the sale of our securities. In addition, the liquidity of our securities
        may be
        decreased, with a corresponding decrease in the price of our securities.
        Our
        shares in all probability will be subject to such penny stock rules and our
        shareholders will, in all likelihood, find it difficult to sell their
        securities.





Dividend
      Policy





All
      shares of common stock are entitled to participate proportionally in dividends
      if our Board of Directors declares them out of the funds legally available.
      These dividends may be paid in cash, property or additional shares of common
      stock. We have not paid any dividends since our inception and presently
      anticipate that all earnings, if any, will be retained for development of our
      business. Any future dividends will be at the discretion of our Board of
      Directors and will depend upon, among other things, our future earnings,
      operating and financial condition, capital requirements, and other
      factors.





10




**ITEM
        6.Selected
        Financial Statements**






**INDEPENDENT
      AUDITOR’S REPORT**











To
      the
      Board of Directors and Stockholders


HouseRaising,
      Inc. and Subsidiaries


4801
      East
      Independence Blvd, Ste. 200


Charlotte,
      NC 28212





I
      have
      audited the accompanying consolidated balance sheet of HouseRaising Inc., (A
      Development Stage Company) and Subsidiaries as of December 31, 2004 and the
      related consolidated statements of operations, stockholders’ equity, and cash
      flows for the years ended December 31, 2004 and 2003. These financial statements
      are the responsibility of the Company’s management. My responsibility is to
      express an opinion on these financial statements based on my
      audits.





I
      conducted my audits in accordance with auditing standards generally accepted
      in
      the United States of America. Those standards require that I plan and perform
      the audits to obtain reasonable assurance about whether the consolidated
      financial statements are free from material misstatement. An audit includes
      examining, on a test basis, evidence supporting the amounts and disclosures
      in
      the consolidated financial statements. An audit also includes assessing the
      accounting principles used and significant estimates made by management, as
      well
      as evaluating the overall consolidated financial statement presentation. I
      believe that my audits provide a reasonable basis for my opinion.





In
      my
      opinion, the consolidated financial statements referred to above present fairly,
      in all material respect, the consolidated financial position of HouseRaising,
      Inc. and Subsidiaries as of December 31, 2004, and the consolidated results
      of
      its operations and its cash flows for the years ended December 31, 2004 and
      2003
      in conformity with accounting principles generally accepted in the United States
      of America.





The
      accompanying financial statements have been prepared assuming HouseRaising,
      Inc.
      will continue as a going concern. As discussed in Note D to the financial
      statements, HouseRaising, Inc. is in the development stage (see Note J), has
      suffered recurring losses, has a net capital deficiency and has yet to generate
      an internal cash flow. These factors raise substantial doubt about its ability
      to continue as a going concern. Management’s plans in regard to these matters
      are also described in Note D. The financial statements do not include any
      adjustments that might result from the outcome of this uncertainty.











Traci
      J.
      Anderson, CPA


Huntersville,
      NC


March
      22,
      2005





11





**HouseRaising,
                Inc. and Subsidiaries (A Development Stage
                Company)****Consolidated
                Condensed Balance Sheet****As
                of December 31, 2004****ASSETS**CURRENT
                ASSETSCash
                and Cash Equivalents
            
            
            
            
            $
            24,767Prepaids
            
            
            
            
            
            422,917Excess
                costs over billings on uncompleted projects
            
            
            
            
            
            59,643Accounts
                Receivable
            
            
            
            
            
            25,941TOTAL
                CURRENT ASSETS
            
            
            
            
            
            533,268PROPERTY
                AND EQUIPMENTProperty
                and Equipment
            
            
            
            
            
            175,432Accumulated
                Depreciation
            
            
            
            
            
            (89,383
            )Net
                Property and Equipment
            
            
            
            
            
            86,049OTHER
                ASSETOther
                Assets
            
            
            
            
            
            1,853Capitalized
                Software
            
            
            
            
            
            8,571,239Net
                Other Assets
            
            
            
            
            
            8,573,092TOTAL
                ASSETS
            
            
            
            
            $
            9,192,409**LIABILITIES
                AND STOCKHOLDERS' EQUITY**LIABILITIESCurrent
                Liabilities:Accounts
                Payable and Accrued Expenses
            
            
            
            
            $
            415,269Interest
                Payable
            
            
            
            
            
            10,216Notes
                Payable
            
            
            
            
            
            736,757TOTAL
                LIABILITIES
            
            
            
            
            
            1,162,242STOCKHOLDERS'
                EQUITYPreferred
                Stock ($.001 par value, 5,000,000 authorized:None
                issued and outstanding)Preferred
                Stock Class A Convertible ($.001 par value, 5,000,000
                authorized:
            
            
            
            
            
            1,0001,000,000
                issued and outstanding)
            
            
            
            
            
            -Common
                Stock Series A ($.001 par value, 90,000,000 shares authorized:
            
            
            
            
            
            -36,459,638
                shares issued and outstanding)
            
            
            
            
            
            36,460Common
                Stock Subscribed but not Issued
            
            
            
            
            
            1,946,035Additional
                Paid-in-Capital
            
            
            
            
            
            7,754,494Retained
                Deficit
            
            
            
            
            
            (1,707,822
            )TOTAL
                STOCKHOLDERS' EQUITY
            
            
            
            
            
            8,030,167TOTAL
                LIABILITIES AND STOCKHOLDERS' EQUITY
            
            
            
            
            $
            9,192,409





The
      accompanying notes are an integral part of these consolidated financial
      statements.





12





**HouseRaising,
                Inc. and Subsidiaries (A Development Stage
                Company)**Consolidated
                Statement of OperationsFor
                the years ended December 31, 2004 and 20032004
            
            2003SALES
                AND COST OF SALES:Sales
            
            $
            102,382
            
            $
            50,536Cost
                of sales
            
            
            31,509
            
            
            31,608Gross
                Profit
            
            
            70,873
            
            
            18,928OTHER
                REVENUES:Sales
                and service fees
            
            
            73,261
            
            
            4,600Other
                income
            
            
            14,996
            
            
            2,515NET
                REVENUES
            
            
            159,130
            
            
            26,043OPERATING
                EXPENSES:Selling,
                general and administrative
            
            
            641,689
            
            
            293,727Consulting
                fees
            
            
            351,556
            
            
            21,582993,245
            
            
            315,309OTHER
                EXPENSE:Interest
                expense
            
            
            93,081
            
            
            61,736Gain
                from sale of 50% of Subsidiary
            
            
            -
            
            
            300,000NET
                LOSS
            
            $
            (927,196
            )
            $
            (51,002
            )Net
                Loss Per Common ShareBasic
                & Fully Diluted
            
            $
            *
            
            
            *Weighted
                Average CommonShares
                Outstanding
            
            
            12,038,872
            
            
            16,995,497*
                Less than ($.01)




The
      accompanying notes are an integral part of these consolidated financial
      statements.





13





**HouseRaising,
                Inc. and Subsidiaries (A Development Stage
                Company)****Statements
                of Cash Flows****For
                the years ended December 31, 2004 and 2003**2004
            
            2003CASH
                FLOWS FROM OPERATING ACTIVITIES:Net
                loss
            
            $
            (927,196
            )
            $
            (51,002
            )Adjustments
                to reconcile net loss to netcash
                (used in) operating activities:Depreciation
            
            
            30,232
            
            
            15,307Gain
                from sale of 50% of subsidiary
            
            
            -
            
            
            (300,000
            )Common
                stock subscribed for services
            
            
            2,082,769
            
            
            1,233,885(Increase)
                decrease in operating assets:
            
            
            (422,952
            )
            $
            (130,074
            )Increase
                of notes payable in exchange for services rendered
            
            
            234,045
            
            $
            154,329Accounts
                receivable
            
            
            (33,654
            )Capitalized
                software
            
            
            (1,041,707
            )
            
            (1,426,560
            )Excess
                of costs over billings on uncompleted contracts
            
            
            (59,643
            )
            
            -Accounts
                payable and accrued expenses
            
            
            181,609
            
            
            134,905NET
                CASH PROVIDED BY (USED IN) OPERATING ACTIVITIES
            
            
            43,503
            
            
            (369,210
            )CASH
                FLOWS FROM INVESTMENT ACTIVITIES:Purchase
                of property and equipment
            
            
            (59,936
            )
            
            -NET
                CASH (USED IN) INVESTMENT ACTIVITIES
            
            
            (59,936
            )
            
            -CASH
                FLOWS FROM FINANCING ACTIVITIES:Decrease
                in excess of outstanding checks
            
            
            -
            
            
            8,410Proceeds
                for sale of common stock
            
            
            41,200
            
            
            -Proceeds
                from capital contributions
            
            
            -
            
            
            60,800Proceeds
                from sale of 50% of subsidiary
            
            
            -
            
            
            300,000NET
                CASH PROVIDED BY FINANCING ACTIVITIES
            
            
            41,200
            
            
            369,210NET
                INCREASE IN CASH ANDCASH
                EQUIVALENTS
            
            
            24,767
            
            
            -CASH
                AND CASH EQUIVALENTS:Beginning
                of period
            
            
            -
            
            
            -End
                of period
            
            $
            24,767
            
            $
            -




The
      accompanying notes are an integral part of these consolidated financial
      statements.





14





**HouseRaising,
                Inc. and Subsidiaries (A Development Stage
                Company)**Consolidated
                Statement of Stockholders' EquityFor
                the years ended December 31, 2004 and 2003Series
                A
            Series
                A
            Series
                B
            Series
                BCommon
            Common
            Common
            Common
            Preferred
            Preferred
            AdditionalShares
            Stock
            Shares
            Stock
            Shares
            Stock
            Paid-in
            Retained(000's)
            $
            (000's)
            $
            (000's)
            $
            Capital
            DeficitBalances,
                January 1, 2003
            16,980
            $
                16,980
            10,000
            $
                10,000
            -
            -
            $
                5,780,897
            $
                (729,624)Distribution
                of Capital
            -
            -
            -
            -
            -
            -
            (1,288,529)
            -Issuance
                of A shares
            181
            181
            -
            -
            -
            -
            181
            -Common
                Stock Subscribed
            -
            -
            -
            -
            -
            -
            1,233,885Net
                Income (loss) for the year
            -
            -
            -
            -
            -
            -
            (51,002)
            (51,002)Balances,
                December 31, 2003
            17,161
            $
                17,161
            10,000
            $
                10,000
            -
            -
            $
                5,675,432
            $
                (780,626)Issuance
                of A shares--merger
            11,787
            11,787
            -
            -
            -
            -
            164,692
            -Surrender
                B shares--merger
            -
            -
            (10,000)
            (10,000)
            -
            -
            -
            -Issuance
                of A share for services
            7,512
            7,512
            -
            -
            -
            -
            1,914,370
            -Issuance
                of preferred shares--merger
            -
            -
            -
            -
            1,000
            1,000
            -
            -Net
                income (loss) for the year
            -
            -
            -
            -
            -
            -
            -
            (927,196)Balances,
                December 31, 2004
            36,460
            $
                36,460
            -
            $
                -
            1,000
            $
                1,000
            $
                7,754,494
            $
                (1,707,822)




The
      accompanying notes are an integral part of these consolidated financial
      statements.





15






NOTE
      A—SUMMARY OF SIGNIFICANT ACCOUNTING
      POLICIES





Business
      Activity —HouseRaising,
      Inc. (a Development Stage Company) and Subsidiaries is in the business of
      selling, designing and managing design/build and renovation projects and home
      building solutions in the residential homebuilding market for homebuyers and
      homebuilders. HouseRaising, Inc. merged into Technology Connections, Inc. and
      changed the name to HouseRaising, Inc. (The Company).





The
      Company provides a proprietary turnkey home design and build management system
      that it markets to regional homebuilders. Its customers are principally located
      in the Southeast USA with a current concentration in North and South Carolina.





The
      following is a list of all subsidiaries of the Company:


*
      HouseRaising of Greater Charlotte, LLC—100% ownership by the
      Company


*
      HouseRaising of Greenville, LLC—100% ownership by the Company


*
      HouseRaising of Columbia, LLC—100% ownership by the Company


*
      HouseRaising of Asheville, LLC—100% ownership by the Company


*
      HouseRaising of Wilmington, LLC—100% ownership by the Company


*
      HouseRaising of Myrtle Beach, LLC—100% ownership by the Company


*
      HouseRaising of Charleston, LLC—100% ownership by the Company





These
      limited liability companies provide managerial services to the Company’s
      homebuilding operations. These limited liability companies operate within
      specific guidelines and operating procedures established by HouseRaising, Inc.
      documents. The Company enters into a fee based management contract with each
      homebuilder that is required to be properly licensed. Each custom, design and
      built home is financed in the name of the homebuyer.





In
      July
      2003, the Company formed 2 subsidiaries, HouseRaisingAcademy, LLC and
      HouseRaisingUSA, LLC. HouseRaisingAcademy, LLC develops and manages the
      Company’s internet based E-Learning and Homebuilder Management System (named
      system C) currently in development. HouseRaisingUSA, LLC is responsible for
      organizing and owning the regional franchise limited liability companies.





Cash
      and Cash Equivalents —For
      purposes of the Consolidated Statement of Cash Flows, the Company considers
      liquid investments with an original maturity of three months or less to be
      cash
      equivalents.





Management’s
      Use of Estimates —The
      preparation of consolidated financial statements in conformity with accounting
      principles generally accepted in the United States of America requires
      management to make estimates and assumptions that affect the reported amounts
      of
      assets and liabilities and disclosures of contingent assets and liabilities
      at
      the date of consolidated financial statements and the reported amounts of
      revenues and expenses during the reporting period. Actual results could differ
      from those estimates.




16




NOTE
      A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’)





Revenue
      Recognition —The
      Company’s revenue is derived primarily from providing the design and build
      management system to homebuilders on a percentage of such home’s contract price.
      The sales and service fee portion is recognized in the initial construction
      stage and approximates 10% of the home’s contract price. The balance of the
      Company’s management fee approximates 50% of the home’s profit and is recognized
      at closing. Revenues from construction contracts are recognized on the
      completed-contract method. This method is used because financial position and
      results of operations do not vary significantly from those which would result
      from use of percentage-of-completion method. A contract is considered complete
      when all costs except significant items have been incurred and the installation
      is operating according to specifications or has been accepted by the customer.
      Contract costs include all direct materials and labor costs and those indirect
      costs related to contract performance, such as indirect labor, supplies, tools,
      repairs, and depreciations costs. General and administrative costs are charged
      to expense as incurred. Costs in excess of amounts billed are classified as
      current assets under costs in excess of billings on uncompleted contracts.
      Billings in excess of costs are classified under current liabilities as billings
      in excess of costs on uncompleted contracts.





Capitalized
      Software —Certain
      capitalized software assets have been contributed to the Company from related
      entities under common ownership and control. The capitalized software assets
      include certain external direct costs of materials and services consumed in
      developing internal-use software (system C) for home plans and designs, and
      operating systems and policies for homebuilders. These costs include payroll
      and
      payroll-related costs for employees and contractors who are directly associated
      with and who devote time to the internal-use computer software project (to
      the
      extent of the item spent directly on the project) during the application
      development stage. Training costs, data conversion costs, internal costs for
      upgrades and enhancements, and internal costs incurred for maintenance are
      all
      expensed as incurred. General and administrative costs and overhead costs are
      also expensed as incurred. The assets will commence amortization when the asset
      is considered to be in the post-implementation phase (i.e. when the development
      of internal use software is completed) which is projected to be in 2005. At
      such
      time, the capitalized software costs will be amortized on a straight-line basis
      over the estimated economic life of the asset to be determined.





Comprehensive
      Income (Loss) —The
      Company adopted Financial Accounting Standards Board Statement of Financial
      Accounting Standards (SFAS) No. 130, *“Reporting
      Comprehensive Income”* ,
      which
      establishes standards for the reporting and display of comprehensive income
      and
      its components in the consolidated financial statements. There were no items
      of
      comprehensive income (loss) applicable to the Company during the periods covered
      in the consolidated financial statements.




17




NOTE
      A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’)





Advertising
      Costs —Advertising
      costs are expensed as incurred. The Company does not incur any direct-response
      advertising costs. Advertising expense totaled $29,652 and $31,372 for the
      years
      ended December 31, 2004 and 2003, respectively.





Net
      Loss per Common Share —Statement
      of Financial Accounting Standard (SFAS) No. 128 requires dual presentation
      of
      basic and diluted earnings per share (EPS) with a reconciliation of the
      numerator and denominator of the EPS computations. Basic earnings per share
      amounts are based on the weighted average shares of common stock outstanding.
      If
      applicable, diluted earnings per share would assume the conversion, exercise
      or
      issuance of all potential common stock instruments such as options, warrants
      and
      convertible securities, unless the effect is to reduce a loss or increase
      earnings per share. Accordingly, this presentation has been adopted for the
      period presented. There were no adjustments required to net loss for the period
      presented in the computation of diluted earnings per share.





Income
      Taxes —Income
      taxes are provided in accordance with Statement of Financial Accounting
      Standards (SFAS) No. 109, *“Accounting
      for Income Taxes.”* A
      deferred tax asset or liability is recorded for all temporary differences
      between financial and tax reporting and net operating
      loss-carryforwards.





Deferred
      tax assets are reduced by a valuation allowance when, in the opinion of
      management, it is more likely than not that, and some portion or the entire
      deferred tax asset will not be realized. Deferred tax assets and liabilities
      are
      adjusted for the effect of changes in tax laws and rates on the date of
      enactment.





Fair
      Value of Financial Instruments —The
      carrying amounts reported in the consolidated balance sheet for cash, accounts
      receivable and payable approximate fair value based on the short-term maturity
      of these instruments.





Accounts
      Receivable —Accounts
      deemed uncollectible are written off in the year they become uncollectible.
      One
      receivable became uncollectible in 2004 and the receivable was directly written
      off to Bad Debt Expense in the amount of $36,677.





Impairment
      of Long-Lived Assets —The
      Company evaluated the recoverability of its property and equipment, and other
      assets in accordance with Statements of Financial Accounting Standards (SFAS)
      No. 121, *“Accounting
      for the Impairment of Long-Lived Assets to be Disposed of”* which
      requires recognition of impairment of long-lived assets in the event the net
      book value of such assets exceeds the estimated future undiscounted cash flows
      attributable to such assets or the business to which such intangible assets
      relate.




18




NOTE
      A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’)





Property
      and Equipment —Property
      and equipment is stated at cost. Depreciation is provided by the straight-line
      method over the estimated economic life of the property and equipment remaining
      from five to seven years.





Recent
      Accounting Pronouncements —In
      June
      2001, the Financial Accounting Standards Board issued Statement of Financial
      Accounting Standards (SFAS) No. 143, *“Accounting
      for Asset Retirement Obligations”* which
      addresses the accounting and reporting for obligations associated with the
      retirement of tangible long-lived assets and the associated retirement costs.
      SFAS No. 143 requires that the fair value of a liability for an asset retirement
      obligation be recognized in the period in which it is incurred if a reasonable
      estimate of fair value cannot be made. SFAS No. 143 is effective for financial
      statements issued for fiscal years beginning after June 15, 2002. The Company
      does not expect SFAS No. 143 to have a material effect on its consolidated
      financial condition or consolidated cash flows.





In
      August
      2001, the Financial Accounting Standards Board issued Statement of Financial
      Accounting Standards (SFAS) No. 144, *“Accounting
      for the Impairment or Disposal of Long-Lived Assets”.* SFAS No.
      144 generally establishes a standard framework to measure the impairment of
      long-lived assets and expands the Accounting Principles Board (“APB”) 30,
“Reporting the Results of Operations—Reporting the Effects of Disposal of a
      Segment of a Business, and Extraordinary, Unusual and Infrequently Occurring
      Events and Transactions” to include a component of the entity (rather than a
      segment of the business). SFAS No.144 is effective for financial statements
      issued for fiscal years beginning after December 15, 2001. The Company does
      not
      expect SFAS No. 144 to have a material effect on its consolidated financial
      condition and consolidated cash flows.





In
      April
      of 2002, Statement of Financial Accounting Standards (SFAS) No. 145 was issued
      which rescinded SFAS Statements 4, 44, and 64, amended No. 13 and contained
      technical corrections. As a result of SFAS No. 145, gains and losses from
      extinguishments of debt will be classified as extraordinary items only if they
      meet the criteria in APB Opinion No. 30, that they are unusual and infrequent
      and not part of an entity’s recurring operations. The Company does not
      expect SFAS No. 145 to have a material effect on its financial condition or
      cash
      flows. The Company will adopt SFAS on January 1, 2004.




19





NOTE
      A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’)





Recent
      Accounting Pronouncements (cont’)





In
      July
      of 2002, the Financial Accounting Standards Board issued Statement of Financial
      Accounting Standard (SFAS) No. 146, which addresses significant issues regarding
      the recognition, measurement, and reporting of costs that are associated with
      exit and disposal activities, including restructuring activities that are
      currently accounted for pursuant to the guidance that the Emerging Issues Task
      Force (EITF) has set forth in EITF Issue No. 94-3, *“Liability
      Recognition for Certain Employee Termination Benefits and Other Costs to Exit
      an
      Activity (Including Certain Costs Incurred in a Restructuring)”* .
      SFAS
      No. 146 revises the accounting for certain lease termination costs and employee
      termination benefits, which are generally recognized in connection with
      restructuring charges. The provisions of SFAS 146 are effective for exit or
      disposal activities that are initiated after December 31, 2002. The Company
      does
      not expect SFAS No. 146 to have an impact its financial statements once adopted
      on January 1, 2004.





In
      November 2002, the Financial Accounting Standards Board issued Interpretation
      No. 45 (FIN 45), “ *Guarantor’s
      Accounting and Disclosure Requirements for Guarantee, Including Indirect
      Guarantees or Indebtedness of Others”* ,
      which
      addresses the disclosures to be made by a guarantor in its interim and annual
      financial statements about its obligations under guarantees. FIN 45 also
      requires the recognition of a liability by a guarantor at the inception of
      certain guarantees that are entered into or modified after December 31,
      2002.





In
      December 2002, the Financial Accounting Standards Board issued Statement of
      Financial Accounting Standard (SFAS) No. 148, *“Accounting
      for Stock-Based Compensation Transition and Disclosure”* —an
      amendment to SFAS No. 123 (SFAS No. 148), which provides alternative methods
      of
      transition for companies voluntarily planning on implementing the fair value
      recognition provisions of SFAS No. 123. SFAS No. 148 also revises the disclosure
      provisions of SFAS No. 123 to require more prominent disclosure of the method
      of
      accounting for stock-based compensation, and requiring disclosure of pro forma
      net income and earnings per share as if the fair value recognition provisions
      of
      SFAS No. 123 had been applied from the original effective date of SFAS No.
      123.
      The Company adopted the disclosures provisions of SFAS No. 148 for the quarters
      ending after December 15, 2002.




20




NOTE
      A—SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (CONT’)





Recent
      Accounting Pronouncements (cont’)





In
      January 2003, the EITF released Issue No. 00-21, (EITF 00-21), *“Revenue
      Arrangements with Multiple Deliveries”* ,
      which
      addressed certain aspects of the accounting by a vendor for arrangement under
      which it will perform multiple revenue-generating activities. Specifically,
      EITF
      00-21 addresses whether an arrangement contains more than one unit of accounting
      and the measurement and allocation to the separate units of accounting in the
      arrangement. EITF 00-21 is effective for revenue arrangements entered into
      in
      fiscal periods beginning after June 15, 2003. The adoption of this standard
      will
      not have an impact on the Company’s financial statements.





In
      May
      2003, the Financial Accounting Standards Board issued Statement of Financial
      Accounting Standards (SFAS) No. 149, *“Amendment
      of Statement 133 on Derivative Instruments and Hedging
      Activities.”* SFAS No.
      149 amends and clarifies accounting for derivative instruments, including
      certain derivative instruments embedded in other contracts, and for hedging
      activities under SFAS No. 133. SFAS No. 149 is effective for contracts entered
      into or modified after June 30, 2003 and for hedging relationships designated
      after June 30, 2003. The Company does not believe that there will be any impact
      on its financial statements.





In
      May
      2003, the Financial Accounting Standards Board issued Statement of Financial
      Accounting Standards (SFAS) No. 150, *“Accounting
      for Certain Financial Instruments with Characteristics of both Liabilities
      and
      Equity.”* SFAS No.
      150 establishes standards for how companies classify and measure certain
      financial with characteristics of both liabilities and equity. It requires
      companies to classify a financial instrument that is within its scope as a
      liability (or an asset in some characteristics). SFAS No. 150 is effective
      for
      financial instruments entered into or modified after May 31, 2003. The standard
      will not impact the Company’s financial statements.





NOTE
      B—SUPPLEMENTAL CASH FLOW INFORMATION





Supplemental
      disclosures of cash flow information for the years ended December 31, 2004
      and
      2003 are summarized as follows:





Cash
      paid
      during the years for interest and income taxes:




2004
              2003Income
                Taxes
              $
                    ---
              $
                  ---Interest
              $93,081
              $61,736




21




NOTE
      C—INCOME TAXES





Due
      to
      the operating loss and the inability to recognize an income tax benefit
      therefrom, there is no provision for current or deferred federal or state income
      taxes for the years ended December 31, 2004 and 2003.





Deferred
      income taxes reflect the net tax effects of temporary differences between the
      carrying amounts of assets and liabilities for financial reporting purposes
      and
      the amount used for federal and state income tax purposes.





The
      Company’s total deferred tax asset, calculated using federal and state effective
      tax rates, as of December 31, 2004 is as follows:




Total
                  deferred tax assets
              $648,000Valuation
                  allowance
              (648,000)Net
                  deferred tax asset
              $
                  ----


The
      reconciliation of income taxes computed at the federal statutory income tax
      rate
      to total income taxes for the years ended December 31, 2004 and 2003 is as
      follows:




2004
              2003Income
                  tax computed at the federal statutory rate
              34%
              34%State
                  income taxes, net of federal tax benefit
              4%
              4%Valuation
                  allowance
              (38%)
              (38%)Total
                  deferred tax asset
              0%
              0%


Because
      of the Company’s lack of earnings history, the deferred tax asset has been fully
      offset by a valuation allowance. The valuation allowance increased (decreased)
      by $351,000 and $20,000 in 2004 and 2003, respectively.





As
      of
      December 31, 2003, the Company had federal and state net operating loss
      carryforwards in the amount of approximately $1,700,000, which expire at various
      times through the year 2025.




22




NOTE
      D—GOING CONCERN





As
      shown
      in the accompanying financial statements, the Company has suffered recurring
      losses from operations to date. During 2004, the Company had minimal revenues,
      a
      net loss of $927,196, a net deficiency of $1,707,822 and a net working capital
      deficit of $628,974.





Management
      believes that actions presently being taken to raise equity capital, seek
      strategic relationships and alliances, and build its marketing efforts to
      generate positive cash flow provide the means for the Company to continue as
      a
      going concern. In the first quarter of 2005, the Company has already obtained
      new contracts totaling $2,477,938 of sales in incomplete construction projects.
      On average these new construction projects are completed within 9 months.
      Additionally, the Company will continue to rely upon equity infusions from
      investors in order to improve liquidity and sustain operations. The company
      has
      investors that have indicated a willingness to contribute equity to finance
      on-going operations and did obtain $12 million in funding in March, 2005 that
      it
      declined as management believes they will obtain better financing terms from
      interested prospective investors. The financial statements do not include any
      adjustments that might result from the outcome of this uncertainty.








NOTE
      E—ACQUISITION AND RELATED REORGANIZATION





On
      February 19, 2004, HouseRaising, Inc., a Delaware corporation, Technology
      Connections, Inc., a North Carolina corporation, and the shareholders of
      HouseRaising, Inc., executed an Agreement and Plan of Merger (the Merger
      Agreement), pursuant to which HouseRaising, Inc. agreed to merge with and into
      Technology Connections, Inc., (the Merger) with the HouseRaising, Inc.
      Stockholders receiving in the aggregate 27,288,732 shares of common stock and
      1,000,000 shares of Class A Convertible Preferred Stock of Technology
      Connections, Inc. in exchange for their shares of HouseRaising, Inc. In
      addition, pursuant to the Merger Agreement, Technology Connections, Inc. agreed
      to change its corporate name from “Technology Connections, Inc.” to
“HouseRaising, Inc.” prior to closing.





The
      shares of Class A Convertible Preferred Stock to be issued in the Merger are
      convertible into ten (10) shares of fully paid and non-assessable shares of
      common stock five (5) years after the date of issuance, and they have a class
      vote to approve or disapprove any merger, sale of assets, combination or
      reorganization involving HouseRaising, or other fundamental corporate
      transaction involving HouseRaising, Inc. In addition, each share of Class A
      Convertible Preferred Stock issued in the Merger is entitled to ten (10) votes
      per share on all matters on which common stock votes upon issuance.




23




NOTE
      E—ACQUISITION AND RELATED REORGANIZATION (CONT’D)





On
      August
      31, 2004, the Merger was consummated when Articles of Merger were filed by
      the
      parties with the Secretary of State in the State of North Carolina.





The
      acquisition was accounted for as a reverse merger wherein HouseRaising, Inc.
      was
      the accounting acquirer and Technology Connections, Inc. was the legal acquirer.
      Accordingly, the accounting acquirer recorded the assets purchased and
      liabilities assumed as part of the merger and the entire equity section of
      the
      legal acquirer was eliminated with negative book value acquired offset against
      the paid in capital of the accounting acquirer, in accordance with SFAS #141.








NOTE
      F—SALE OF A PORTION OF A SUBSIDIARY





In
      June
      2003, the Company sold 50% of its ownership in HouseRaising of Greater
      Charlotte, LLC to three unrelated individuals for $300,000. In 2004, the Company
      bought back the 50% interest in HouseRaising of Greater Charlotte, LLC in
      exchange for the issuance of the Company’s common shares (restricted) to each of
      the individuals as follows:





Lane
      Ostrow 228,333
      shares


Jack
      H.
      Marks 228,333
      shares


Richard
      Brasser 228,333
      shares





NOTE
      G—SEGMENT REPORTING





In
      June
      1997, the Financial Accounting Standards Board issued Statement of Financial
      Accounting Standards No. 131, *“Disclosures
      about Segments of an Enterprise and Related Information.”* This
      statement requires companies to report information about operating segments
      in
      interim and annual consolidated financial statements. It also requires segment
      disclosures about products and services, geographic areas and major customers.
      The Company determined that it did not have any separately reportable operating
      segments as of December 31, 2004 and 2003.





NOTE
      H—EQUITY





During
      2004, the Company issued 19,299,064 common shares—7,512,034 for cash, services,
      and debt to equity conversions and 11,787,030 pertaining to the merger. In
      November 2003, the Company issued 180,232 Series “A” Common shares to unrelated
      parties for $60,450 with a par value of $181. The Company applied the difference
      in the par value and monies received to paid in capital.





NOTE
      I--N ON-QUALIFIED
      STOCK COMPENSATION PLAN





The
      Company has adopted a new 2004 Non-qualified Stock Compensation Plan (Stock
      Plan) where the Company may compensate key employees, advisors, and consultants
      by issuing them shares of its capital stock or options to purchase shares of
      its
      capital stock in exchange for services rendered and to be rendered and thereby
      conserve the Company’s cash resources. The Company has reserved an additional
      3,000,000 shares of its $.001 par value common. The Stock Plan will not exceed
      30% of its outstanding common stock at any given time.





NOTE
      J--DEVELOPMENT STAGE COMPANY





The
      Company is in the development stage as of December 31, 2004 and to date has
      had
      no significant operations. Recovery of the Company’s assets is dependent on
      future events, the outcome of which is indeterminable. In addition, successful
      completion of the Company’s development program and its transition, ultimately,
      to attaining profitable operations is dependent upon obtaining adequate
      financing to fulfill its development activities and achieving a level of sales
      adequate to support the Company’s cost structure.




24





NOTE
      K—COMMITMENTS





The
      Company leases its office facilities. The Company also has one vehicle under
      leases that has been classified as an operating lease expiring in September
      2006. Payment due under the lease is $1,384 per month.





Rent
      expense was $78,574 and $79,024 in 2004 and 2003, respectively.








Future
      minimum rental payments as of December 31, 2004 in the aggregate and for each
      of
      the two succeeding years are as follows:





Year      Amount





2005      $
      78,574


2006      $
      78,574


Total $157,148




NOTE
                L—NOTES PAYABLE**Notes
                payable at December 31, 2004 consist of the
                following:**Unsecured
                note payable to an unrelated party.Bearing
                8% interest.
            
            $
            5,640Unsecured
                note payable to an unrelated party.Bearing
                8% interest.
            
            $
            13,177Secured
                note payable to an unrelated party.Bearing
                0% interest. Note matures April 2005.
            
            $
            30,000
                **Secured
                note payable to an unrelated party.Bearing
                0% interest. Note matured April 2005.
            
            $
            50,000
                **Secured
                note payable to an unrelated party.Bearing
                12% interest. Note payable upon demand.
            
            $
            50,000Secured
                note payable to an unrelated party.Bearing
                15% interest. Note matures May 2005.
            
            $
            155,000
                **Secured
                note payable to an unrelated party.Bearing
                0% interest. Note matures April 2005.
            
            $
            91,500
                **Unsecured
                note payable to an unrelated party.Bearing
                0% interest.
            
            $
            1,851Secured
                note payable to an unrelated party.Bearing
                0% interest. Note matures April 2005.
            
            $
            105,000
                **Secured
                note payable to an unrelated party.New
                note restructured for shares of stockBearing
                0% interest. Note matures April 2005.
            
            $
            37,500
                **Secured
                demand note payable to a related party.Original
                amount $156,580.08Bearing
                6% interest. Note matures December 2005
            
            $
            144,689Total
              Current Portion
            
            $
            684,357


25




NOTE
      L—NOTES PAYABLE (CONT’D)





**The
      Company converted these debts to equity by issuing restricted common shares
      of
      the Company’s stock as full settlement for interest obligations existing on
      these promissory notes, and issued new, non-interest bearing promissory notes
      payable within 6 months from date of reissue. On the 0% interest bearing notes,
      the Company imputed interest on the notes using a rate of 5%. The effects of
      these notes are included in the consolidated financial statements therein.





A
      Notes
      Payable in the amount of $52,400 (Technology Connections, Inc. books) was
      satisfied in January 2005. This amount is included in the total amount of
      outstanding Notes Payable of $736,757.





NOTE
      M—SUBSEQUENT EVENTS





The
      Company’s subsidiary, HouseRaisingUSA (HR-USA) has entered into a contract to
      acquire Carriker Construction Co., Inc. (Carriker). HR-USA will acquire Carriker
      and all assets by issuing Carriker 5,000 shares of the Company’s common stock.
      It is anticipated that the transaction will come under a tax-free share exchange
      between HR-USA and Carriker. All shares will be restricted under Rule 144.
      HR-USA also has entered into a contract to acquire Mark White Custom Builders,
      LLC (White). HR-USA will acquire White and all assets by issuing White 5,000
      shares of the Company’s common stock. It is anticipated that the transaction
      will come under a tax-free share exchange between HR-USA and White. All shares
      will be restricted under Rule 144.





The
      Company has also entered into a contract to acquire LearnBytes, LLC through
      an
      asset acquisition transaction.




26





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





**Management’s
      Discussion and Analysis of Financial Condition and Results of Operations for
      December 31, 2004**





*(The
      following discussion should be read in conjunction with the Financial Statements
      and related notes thereto included elsewhere in this section.)*





**Executive
      Overview & Strategy**





HouseRaising,
      Inc. is a development stage company in the business of selling, designing and
      managing design/build and renovation projects and home building solutions in
      the
      residential homebuilding market for homebuyers and homebuilders. HRI is a unique
      company that sells, designs and builds unique homes for homebuyers on lots
      they
      have purchased, and acts as contractors in providing renovation projects on
      customer’s existing homes. Using it’s own proprietary software, HouseRaising
      also serves as an Application Service Provider focusing on bringing disruptive
      technology/solutions to the custom home building industry, thus helping
      HomeBuyers build their own home and independent HomeBuilders who manage the
      complete building process.





On
      February 19, 2004, HouseRaising executed an Agreement and Plan of Merger (“the
      Merger”)to which HRI agree to merge with and into Technology Connections, Inc.
      This transaction was structured as a reverse acquisition whereby the existing
      shareholders of HouseRaising obtained control of Technology Connections, Inc.
      and the resulting entity agreed to change its name to HouseRaising, Inc.. On
      August 31, 2004, the Merger was consummated when Articles of Merger were filed
      by the parties with the Secretary of State of North Carolina.





HouseRaising’s
      major focus is on completing its proprietary software that will be used to
      design and build multiple projects simultaneously. Beginning in 2004,
      HouseRaising of Greater Charlotte, LLC commenced sales of new home and
      renovation projects utilizing a manual version of the system. Further discussion
      on the Company’s business plan is described under Item 1 of this
      filing.





Other
      than commitments from vendors to develop HouseRaising’s software in exchange for
      shares of stock, and fee revenues and profits from existing home and renovation
      sales, HouseRaising does not currently have any external sources of working
      capital. HouseRaising’s Management has not entered into any commitments for
      significant capital expenditures, except the software development project
      mentioned above whereby the company issues common stock as work is completed.
      In
      addition, Management and independent contractors providing services to the
      company have agreed to accept shares as a means of paying for critical services
      to implement its business plan. The Company has limited plans to hire additional
      employees until Management is successful in securing a substantial capital
      infusion.





Accordingly,
      the company is seeking additional debt or equity financing or funding from
      third
      parties, in exchange for which the company might be required to issue a
      substantial equity position. There is no assurance that the company will be
      able
      to obtain additional financing on terms acceptable to its Management. If
      Management is successful in obtaining additional funding, these funds will
      be
      used primarily to provide working capital needed for repayment of outstanding
      notes payable, continued software development and to finance research,
      development and advancement of intellectual property concerns, for new home
      and
      renovation sales and marketing expense in the Carolinas Zone (covering North
      and
      South Carolina) and rollout of additional zone operations each year thereafter.
      The Company also continues to explore acquisition opportunities that may assist
      in the successful implementation of its business plan (see Note 8B Other Matters
      for further discussion on this item).





**Results
      of Operations for Year Ended December 31, 2004 Compared to December 31,
      2003**





**Sales**





The
      Company reports total project sales based on the contract amount due to design
      and build project, in the quarter in which the sale in approved and closed.
      HouseRaising had sales of $102,532 for the year ended December 31, 2004,
      compared to $50,536 for the same period in 2003. This represents an increase
      of
      103%. Sales increased due to more new construction and remodeling in the greater
      Charlotte area in the second half of 2004 as the company starts to implement
      its
      business plan and develop its operations in the Carolinas Zone. All sales were
      from unrelated third parties and were made primarily to new home buyers and
      remodeling work. In
      the
      first quarter of 2005, the Company has already obtained new contracts totaling
      $2,478,000 in sales that are projected to be completed by year-end. On average
      these new construction projects are completed within 9 months.




27




**Cost
      of Sales**





The
      cost
      of sales includes the building expense plus other direct costs associated with
      new constructions, such as subcontractors and permits. It is customary to
      experience variations in the cost of sales as a percentage of net sales based
      on
      the types of homes at any given location and the related cost of labor to
      complete the jobs. The cost of sales for the year ended December 31, 2004 were
      $31,509 which was approximately equal to the $31,608 for the same period in
      2003.





**Gross
      Profits**





The
      Company earns profits as the net difference of project’s sales price and total
      costs including fees. The company conducts design/build projects with various
      affiliated builder relationships. Costs associated with in-house builder
      relationships are part of the projects total costs and HouseRaising’s profit is
      the difference in the sales price and all direct costs and fees. In a builder
      partnership relationship the company divides profits with the builder, which
      is
      accounted as a cost to the project. HRI’s profit represents the sales price less
      all costs, with the builder share of the profits listed as a cost to the
      project. Due to an increase in new home construction and remodeling in the
      greater Charlotte area, HouseRaising had gross profits of $71,023 for the year
      ended December 31, 2004 compared to $18,928 for the same period in 2003, a
      three
      fold increase. Gross profits will increase commensurate with new contract
      sales.





**Sales
      and Service Fee Revenues**





Sales
      and
      service fee revenues from pre-sold projects consist of sales commissions,
      architectural design fees, engineering fees, and a series of project
      coordinating expenses charged to each design build project. These fees are
      built
      into the projects total price with Homebuyers paying these charges at the
      beginning of construction. The fees are a direct cost to the project. Because
      there were more new home and renovation projects in 2004, sales and service
      fee
      revenues increased substantially to $73,261 from $4,600 in 2003. Going forward
      we would expect this to continue to grow as our operations expand.




**Other
      Income**





The
      Company earned $14,996 in consulting income for the period ending December
      31,
      2004, compared to $2,515 for the same period in 2003. We would not expect this
      to increase substantially in 2005 as we implement our business
      plan.





**Net
      Revenues**





HouseRaising’s
      net revenues increased to $159,280 for the year ended 2004 compared to $26,043
      for 2003, a six fold increase. This was principally due to commencement of
      its
      business plan resulting in greater new home construction and renovation
      projects. We would expect our net revenues to continue to grow as we obtain
      new
      construction and remodeling work in 2005.





**Expenses**





Total
      expenses for the year ended December 31, 2004 and 2003 were $984,959 and
      $315,309, respectively. This
      increase in administrative and consulting expenses is primarily due to costs
      related to developing HouseRaising’s Carolinas zone and design/build operations
      in Charlotte, NC, general business and investor relations consulting as well
      as
      executive management to raise capital for implementation of its business plan.
      The administrative costs include advertising, payroll, payroll-related costs
      for
      employees and contractors who are directly associated with and who devote time
      to selling, designing and building pre-sold homes and renovation projects in
      the
      Greater Charlotte region.





Due
      to
      our start up efforts, we issued shares of common stock to professionals and
      consultants for their marketing, investor relations and general business
      consulting. All of our accounts payable and accrued expenses are trade payables
      in connection within the course of business. We expect to develop additional
      revenue sources consistent with these expense levels as we roll out our business
      plan in 2005.





**Other
      Expense**





HouseRaising
      had interest expense of $98,667 for the year ended December 31, 2004 compared
      to
      $61,736 for the same period in 2003. This represents interest to reimburse
      bridge lenders for both HouseRaising as well as the former Technology
      Connections entity. In 2003, HouseRaising completed a debt offering to a select
      group of accredited investors, which provided cash of $507,727 to HouseRaising,
      Inc. In November, 2004, the Company completed an equity for debt swap which
      reimbursed these investors for their debts and converted much of the outstanding
      debt to restricted shares in the company. Going forward we would expect this
      level of interest expense to subside unless the company cannot obtain equity
      financing and must resort to borrowing additional funds.





28




**Other
      Items**





In
      June
      2003, the Company sold a franchise for $300,000 to a regional design/build
      company HouseRaising of Greater Charlotte, LLC. HouseRaising of Greater
      Charlotte, LLC sold a 50% membership in the LLC to three (3) outside investors
      which was recorded as a gain on sale of 50% of Subsidiary. In 2004, the Company
      repurchased this franchise interest in exchange for 684,999 shares of restricted
      common stock.





**Income
      / Losses**





The
      net
      loss for the year ended December 31, 2004 was $924,346 versus a net loss of
      $51,002 in the same period in 2003, a decrease of $873,344. The increase in
      net
      losses is directly attributable to the increase in administrative and consulting
      fees to commence rolling out operating activities of the company, including
      establishing the Carolinas operating zone and raising capital funding for the
      company. Future losses will depend on the success of implementing the company’s
      business plan in 2005. The company does already have approximately $2,478,000
      of
      new home construction work in process for 2005 which is consistent with
      implementing our business plan. The actual sales will be recorded upon
      completion of each project while sales and service revenue will be recorded
      as
      earned. There is no guarantee that all of these projects will be
      completed.





**Impact
      of Inflation.**





We
      believe that inflation has had a negligible effect on operations since
      inception. We believe that we can offset inflationary increases in the cost
      of
      labor by increasing sales and improving operating efficiencies.





**Liquidity
      and Capital Resources.**





Cash
      flows provided by operations were $74,554 for the year ended December 31, 2004
      and cash flows used in operations of $369,210 for the same period in 2003.
      This
      reflects a net increase in cash provided by operations of $442,764 principally
      due an increase in the issuance of common stock for services and a slight
      decrease in capitalized software.





Cash
      flows used in investment activities were $48,787 and $0 for the year ended
      December 31, 2004 and 2003, respectively. This was principally due to the
      purchase of property and equipment for the company and Technology Connections,
      Inc.





Cash
      flows provided by financing activities were $0 and $369,210, respectively,
      for
      the year ended December 31, 2004 and 2003. The cash flows for the 2003 period
      included $300,000 from the sale of 50% of the subsidiary HouseRaising of Greater
      Charlotte.





Overall,
      we have funded our cash needs from inception through December 31, 2004 with
      a
      series of debt and equity transactions. If we are unable to receive additional
      cash from our related parties, we may need to rely on financing from outside
      sources through debt or equity transactions. Our related parties are under
      no
      legal obligation to provide us with capital infusions. Failure to obtain such
      financing could have a material adverse effect on operations and financial
      condition.





We
      had
      cash on hand of $24,767 and a working capital deficit of $692,817 as of December
      31, 2004 which is not sufficient to fund our operations through the next twelve
      months. Our working capital deficit is due to current obligations in account
      payable and notes payable. We will substantially rely on the existence of new
      revenue from our business development efforts; however, we have no current
      or
      projected capital reserves that will sustain our business for the next twelve
      months. The company does have $2,778,000 of new home construction work in
      process for 2005 which is consistent with implementing our business plan. The
      actual sales will be recorded upon completion of each project while sales and
      service revenue will be recorded as earned. If the projected revenues fall
      short
      of needed capital we may not be able to sustain our capital needs for the next
      twelve months. We will then need to obtain additional capital through equity
      or
      debt financing to sustain operations.





M odifications
      to our business plans or additional property acquisitions may require additional
      capital for us to operate. The company is working on raising additional funds
      through equity or debt financing .
      The
      company has investors that have indicated a willingness to contribute equity
      to
      finance on-going operations and did obtain $12 million in funding in March,
      2005
      that it declined as management believes they will obtain better financing terms
      from interested prospective investors.





On
      a
      long-term basis, liquidity is dependent on continuation and expansion of
      operations, receipt of revenues, and additional infusions of capital and debt
      financing. Our current capital and revenues are insufficient to fund such
      expansion. If we choose to launch such an expansion campaign, we will require
      substantially more capital. If necessary, we will raise this capital through
      an
      additional stock offering. The funds raised from this offering will be used
      to
      market our services as well as expand operations and contribute to working
      capital. If we are unable to raise additional capital, our growth potential
      will
      be adversely affected and we will have to significantly modify our plans.





Demand
      for our services will be dependent on, among other things, market acceptance
      of
      our services, the real estate market in general, and general economic
      conditions, which are cyclical in nature. Inasmuch as a major portion of our
      activities is the receipt of revenues from the sales of our new home services,
      our business operations may be adversely affected by our competitors and
      prolonged recessionary periods. The company has provided a detailed list of
      risks and cautionary statements at the beginning of this document.




29




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





None








**ITEM
      8A. CONTROLS AND PROCEDURES**





*Quarterly
        Evaluation of Controls* .
        As of
        the end of the period covered by this annual report on Form 10-KSB, we evaluated
        the effectiveness of the design and operation of our disclosure controls
        and
        procedures ("Disclosure Controls"). This evaluation (“Evaluation”) was performed
        by our Chairman and Chief Executive Officer, Gregory
        J. Wessling, and President and Founder, Robert V. McLemore (jointly known
        as “CEO”), our Chief Financial Officer, Richard A. von Gnechten (“CFO”) and our
        Chief Administrative Officer, Christine M. Carriker. In addition, we have
        discussed these matters with our securities counsel. In this section, we
        present
        the conclusions of our CEO and CFO based on and as of the date of the Evaluation
        with respect to the effectiveness of our Disclosure
        Controls..





*CEO
      and CFO Certifications* .
      Attached to this annual report, as Exhibits 31.1 through 31.4, are certain
      certifications of the CEO and CFO, which are required in accordance with the
      Exchange Act and the Commission's rules implementing such section (the "Rule
      13a-14(a)/15d-14(a) Certifications"). This section of the annual report contains
      the information concerning the Evaluation referred to in the Rule
      13a-14(a)/15d-14(a) Certifications. This information should be read in
      conjunction with the Rule 13a-14(a)/15d-14(a) Certifications for a more complete
      understanding of the topic presented.





*Disclosure
      Controls* .
      Disclosure Controls are procedures designed with the objective of ensuring
      that
      information required to be disclosed in our reports filed with the Commission
      under the Exchange Act, such as this annual report, is recorded, processed,
      summarized and reported within the time period specified in the Commission's
      rules and forms. Disclosure Controls are also designed with the objective of
      ensuring that material information relating to us is made known to the CEO
      and
      the CFO by others, particularly during the period in which the applicable report
      is being prepared. .





*Limitations
      on the Effectiveness of Controls* .
      Our
      management does not expect that our Disclosure Controls will prevent all error
      and all fraud. A control system, no matter how well developed and operated,
      can
      provide only reasonable, but not absolute assurance that the objectives of
      the
      control system are met. Further, the design of the control system must reflect
      the fact that there are resource constraints, and the benefits of controls
      must
      be considered relative to their costs. Because of the inherent limitations
      in
      all control systems, no evaluation of controls can provide absolute assurance
      that all control issues and instances of fraud, if any, within the Company
      have
      been detected. These inherent limitations include the realities that judgments
      in decision-making can be faulty, and that breakdowns can occur because of
      simple error or mistake. Additionally, controls can be circumvented by the
      individual acts of some persons, by collusion of two or more people, or by
      management override of the control. The design of a system of controls also
      is
      based in part upon certain assumptions about the likelihood of future events,
      and there can be no assurance that any design will succeed in achieving its
      stated objectives under all potential future conditions. Over time, control
      may
      become inadequate because of changes in conditions, or because the degree of
      compliance with the policies or procedures may deteriorate. Because of the
      inherent limitations in a cost-effective control system, misstatements due
      to
      error or fraud may occur and not be detected.





*Scope
      of the Evaluation* .
      The CEO
      and CFO's evaluation of our Disclosure Controls included a review of the
      controls' (i) objectives, (ii) design, (iii) implementation, and (iv) the effect
      of the controls on the information generated for use in this annual report.
      In
      the course of the Evaluation, the CEO and CFO sought to identify data errors,
      control problems, acts of fraud, and they sought to confirm that appropriate
      corrective action, including process improvements, was being undertaken. This
      type of evaluation is done on a quarterly basis so that the conclusions
      concerning the effectiveness of our controls can be reported in our quarterly
      reports on Form 10-QSB and annual reports on Form 10-KSB. The overall goals
      of
      these various evaluation activities are to monitor our Disclosure Controls,
      and
      to make modifications if and as necessary. Our intent in this regard is that
      the
      Disclosure Controls will be maintained as dynamic systems that change (including
      improvements and corrections) as conditions warrant.




*Conclusions.* Based
          upon the Evaluation, our disclosure controls and procedures are designed
          to
          provide reasonable assurance of achieving our objectives. Our CEO and CFO
          have
          concluded that our disclosure controls and procedures are effective at
          that
          reasonable assurance level to ensure that material information relating
          to the
          Company is made known to management, including the CEO and CFO, particularly
          during the period when our periodic reports are being prepared, and that
          our
          Internal Controls are effective at that assurance level to provide reasonable
          assurance that our financial statements are fairly presented inconformity
          with
          accounting principals generally accepted in the United States. Additionally,
          there has been no change in our Internal Controls that occurred during
          our most
          recent fiscal quarter that has materially affected, or is reasonably likely
          to
          affect, our Internal Controls.




30





**ITEM
      8B. OTHER MATTERS**





Part
      of
      HouseRaising, Inc.’s strategy is to build its business through the merger or
      acquisition of existing home builders and technology companies that will benefit
      our application service business. It is reasonable to expect that such activity
      is an ongoing part of HRI’s business development efforts. At any given time the
      company could be in process of analyzing or making an offer for such a
      transaction. However, any discussion or speculation on specific transactions
      is
      only conjecture until such time that a definite agreement is signed and
      announced in an SEC filing. It is possible that no transactions will take place
      at all.





**Current
      Status of Announced Transactions**





The
      Company has previously announced an agreement in principle to acquire
      LearnBytes, LLC, a North Carolina limited liability company, which is engaged
      in
      the business of web-based multimedia program design and development. We
      anticipate signing a definitive Asset Purchase Agreement in the second quarter
      of 2005 with Learnbytes, and to consummate the acquisition of assets as soon
      thereafter as is practicable. It is projected that the acquisition of Learnbytes
      will bring approximately $20,000 in unaudited total assets and nominal unaudited
      total revenues to HRI (given LearnBytes current focus on developing System
      C)
      for fiscal 2005. Pending consummation of the acquisition, the personnel of
      Learnbytes continue to develop the System C program for HRI which is discussed
      above.





In
      2005,
      the Company repurchased the 50% interest in HouseRaising of Greater Charlotte,
      LLC that it had sold to three unrelated individuals for $300,000 in June 2003.
      HRI provided 684,999 in restricted shares in exchange for the 50% interest.





In
      addition, the Company is in negotiations with two separate homebuilders to
      acquire their operations in the second quarter of 2005. The acquisition will
      not
      have a material impact on the balance sheet of the Company.




31







**PART
      III**





**ITEM
      9. DIRECTORS AND EXECUTIVE OFFICERS OF THE
      REGISTRANT**





Information
      for this item concerning HouseRaising, Inc. executive officers and their
      business experience is incorporated by reference from page 9 of the Company’s
      Definitive Information Statement on Schedule14-C filed with the Commission
      on
      March 23, 2005 (the “Definitive Information Statement”). Information on the
      current HouseRaising, Inc. directors and their business experience and
      directorships is incorporated herein by reference from pages 5-6 of the
      Definitive Information Statement.





**Family
      relationships; director arrangements**





Sherron
      Skibo, Chief Operating Officer is the wife of Charles M. Skibo, Chief Executive
      Officer and Chairman of the Board. Christine M. Carriker, Senior Vice President
      and Chief Administrative Officer is the daughter of Robert V. McLemore,
      President and Founder. There are no other family relationships between any
      executive officer or director of HouseRaising, Inc.





**Code
      of Ethics**





We
      are
      presently working with our legal counsel and Audit Committee to prepare and
      adopt a code of ethics that applies to our company and our principal chief
      executive officer, principal financial officer, principal accounting officer
      or
      controller, or person performing similar functions (the “Code of Ethics”). A
      draft of the Code of Ethics is attached hereto as Exhibit 14.1. The Code of
      Ethics is being designed with the intent to deter wrongdoing, and to promote
      the
      following:


·
            Honest
                and ethical conduct, including the ethical handling of action or
                apparent
                conflicts of interest between personal and professional
                relationships;


·
            Full,
                fair, accurate, timely and understandable disclosure in reports and
                documents that a small business issuer files with, or submits to,
                the
                Commission and in other public communications made by the small business
                issuer;


·
            Compliance
                with applicable governmental laws, rules and
                regulations;


·
            The
                prompt internal reporting of violations of the code to an appropriate
                person or persons identified in the code;
                and


·
            Accountability
                for adherence to the code.








**ITEM
      10. EXECUTIVE COMPENSATION**





The
      information required under this item for HouseRaising, Inc. is incorporated
      by
      reference from pages 11-14 of the Definitive Information
      Statement..





**Board
      Compensation**





Directors
      who are also officers of the Company do not receive directors’ fees or other
      amounts in compensation for participation on the Board of Directors or a
      committee of the Board of Directors. All other directors are each paid travel
      expenses for each meeting of the Board of Directors attended.





**2004
      Non-Qualified Stock Compensation Plan and Amendment
      Thereto**





The
      Company adopted a 2004 Non-Qualified Stock Compensation Plan on January 27,
      2004, and filed a Registration Statement on Form S-8 with the Commission to
      register shares awarded under the Plan on the same date. The Compensation
      Committee of the Board of Directors issues common stock and awards options
      to
      employees, directors, officers, consultants, advisors and other persons
      associated with our Company. The 2004 Plan is intended to provide a method
      whereby our company would be stimulated by the personal involvement of our
      employees, directors, officers, consultants, advisors and other persons in
      our
      business and reward such involvement, thereby advancing the interests of our
      Company and all of its shareholders. A total of 400,000 shares of common stock
      were authorized under the 2004 Plan. All 400,000 shares have been awarded and
      100,000 of those shares were awarded to management. On July 29, 2004, the
      Company filed Post Effective Amendment No. 1 to its Registration Statement
      on
      Form S-8 with the Commission, and amended the 2004 Non-Qualified Stock
      Compensation Plan to provide for the issuance of an additional 400,000 shares
      pursuant to its provisions. To date, only 315,000 shares have been issued,
      and
      those shares have been awarded to a consultant and 85,000 are available for
      issuance. On September 27, 2004, the Company filed Post Effective Amendment
      No.
      2 to its Registration Statement on Form S-8 with the Commission, and amended
      the
      2004 Non-Qualified Stock Compensation Plan to provide for the issuance of an
      additional 3,000,000 shares pursuant to its provisions. As of December 31,
      2004,
      2,077,007 shares have been awarded to consultants or management personnel and
      922,993 are available for issuance.





32




**Change-in-Control
      Agreements**





The
      company has management agreements with its Chief Executive Officer, President
      and Chief Operating Officer, Chief Administrative Officer and Chief Financial
      Officer that are an exhibit to this filing.





**Executive
      Management Compensation**





The
      HouseRaising Compensation Committee, composed of 3 directors of HouseRaising,
      Inc. approves executive compensation for the Named Executive Officers. The
      information required to be disclosed concerning the Compensation Committee
      is
      incorporated herein by reference to page 7 of the Company’s Definitive
      Information Statement. Actions of HouseRaising’s Compensation Committee are
      subject to ratification by the full HouseRaising, Inc. Board of Directors.








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





Information
      concerning security ownership of certain beneficial owners and management,
      and
      related stockholder matters, is incorporated by reference from the Company’s
      Definitive Information Statement.





**Section
      16(a) beneficial ownership reporting compliance**





Section
      16(a) of the Exchange Act, requires the Company's officers, Directors, and
      persons who beneficially own more than ten percent of the Common Stock to file
      reports of securities ownership and changes in such ownership with the
      Securities and Exchange Commission. Officers, directors and greater than ten
      percent beneficial owners also are required by rules promulgated by the
      Securities and Exchange Commission to furnish the Company with copies of all
      Section 16(a) forms they file. The information required by this item is
      incorporated herein by reference to pages 10-11 of the Company’s Definitive
      Information Statement.








**ITEM
      12. CERTAIN RELATIONSHIPS AND RELATED
      TRANSACTIONS.**





Except
      as
      hereafter described, none of our directors or executive officers had a direct
      or
      indirect material interest in any transaction during the last two years, or
      proposed transaction, to which the Company was a party. The Company has a loan
      payable to stockholders at December 31, 2004 consisting of unsecured note
      payable to our President and majority stockholder. As of December 31, 2004,
      the
      amount due on this 12-month, 6% per annum loan was $146,080.08.








**ITEM
      13. PRINCIPAL ACCOUNTANT FEES AND
      SERVICES**





The
      information required under this item is incorporated by reference to the
      relevant information on pages 13-14 of the Company’s Definitive Information
      Statement.





Fees
      Billed For Audit and Non-Audit Services


The
      following table represents the aggregate fees billed for professional audit
      services rendered to the independent auditor, Traci Anderson, CPA ("Anderson")
      for our audit of the annual financial statements for the year ended December
      31,
      2004, and all fees billed for other services rendered by Anderson during those
      periods. Anderson was engaged by HRI following the merger that became effective
      August 31, 2004.




Year
                Ended December 31
            
            2004AndersonAudit
                Fees(1)
            
            $
            16,000Audit-Related
                Fees(2)
            
            
            --Tax
              Fees(3)
            
            
            --All
              Other Fees(4)
            
            
            --Total
              Accounting Fees and
              Services
            
            $
            16,000







(1)
            *Audit
                Fees*.
                These are fees for professional services for our audit of the annual
                financial statements, and for the review of the financial statements
                included in our filings on Form 10-KSB, and for services that are
                normally
                provided in connection with statutory and regulatory filings or
                engagements.




(2)
            *Audit-Related
                Fees*.
                These are fees for the assurance and related services reasonably
                related
                to the performance of the audit or the review of our financial
                statements.




(3)
            *Tax
                Fees*.
                These are fees for professional services with respect to tax compliance,
                tax advice, and tax planning.




(4)
            *All
                Other Fees*.
                These are fees for permissible work that does not fall within any
                of the
                other fee categories, i.e., Audit Fees, Audit-Related Fees, or Tax
                Fees.





Pre-Approval
      Policy For Audit and Non-Audit Services


The
      company recently formed an audit committee and it is anticipated they will
      adopt
      pre-approval policies regarding audit and non-audit services provided by an
      accountant. Audit and non-audit services for 2005 will be brought to the
      shareholders at its annual meeting as described in the Company’s Definitive
      Information Statement. All of the services rendered to the Company by Traci
      Anderson were pre-approved by our Board of Directors.





It
      is
      expected that the new policy and procedures may authorize the Board or audit
      committee to delegate, to one or more of its members, the authority to
      pre-approve certain permitted services, provided that the estimated fee for
      any
      such service does not exceed a specified dollar amount (to be determined).
      All
      pre-approvals shall be contingent on a finding, by the Board, audit committee,
      or delegate, as the case may be, that the provision of the proposed services
      is
      compatible with the maintenance of the auditor's independence in the conduct
      of
      its auditing functions. In no event shall any non-audit related service be
      approved that would result in the independent auditor no longer being considered
      independent under the applica ble
      rules
      and regulations of the Securities and Exchange Commission.




33





**PART
      IV**





**ITEM
      14. EXHIBITS AND REPORTS ON FORM 8-K**





**(a)
      Reports on Form 8-K**





Subsequent
      to September 30, 2004, the Company filed the following Current Reports on Forms
      8-K with the SEC as follows:




Dated
                  (filing date)
              Items
                  ReportedMarch
                  7, 2005 (March 7, 2005)
              Form
                  8-K Change in Directors or Principal OfficersMarch
                  4, 2005 (March 4, 2005)
              Form
                  8-K Entry Material AgreementNovember
                  17, 2004 (November 17, 2004)
              Form
                  8-K/A Financial Statements and ExhibitsNovember
                  9, 2004 (November 15, 2004)
              Form
                  10-QSB Quarterly ReportNovember
                  10, 2004 (November 10, 2004)
              Form
                  8-K Entry Material Agreement





**(b)
      Exhibits**





Exhibits
      for HouseRaising and their subsidiaries are listed below.




**INDEX
                    TO EXHIBITS**The
                    exhibits designated by an asterisk (*) are filed herein. The
                    exhibits not
                    so designated are incorporated by reference to the indicated
                    filing.Exhibit
                    No.
                Descriptions2.1.1
                Agreement
                    and Plan of Merger, dated February 19, 2004 (incorporated by
                    reference
                    from Exh. 2 to the Definitive Information
                    Statement filed on August 10, 2004)3.1
                Articles
                    of Incorporation (incorporated by reference from Exh.3 of Form
                    SB-2 filed
                    April 11, 2002)3.2
                Articles
                    of Amendment to Articles of Incorporation to Change Name (incorporated
                    by
                    reference from Exh. 3 to the Definitive Information Statement
                    filed August
                    10, 2004)3.3
                Bylaws
                    of HouseRaising, Inc. (incorporated by reference from Exh.3 to
                    Form SB-2
                    filed April 11, 2002)3.4
                Articles
                    of Amendment for Class A Voting Convertible Preferred Stock (incorporated
                    by reference from Exh. 4 to the Definitive Information Statement
                    filed
                    August 10, 2002)10.1
                Management
                    agreement with Robert V. McLemore, President
                    and Founder *10.2
                Management
                    agreement with Charles M. Skibo,
                    Chairman & Chief Executive Officer*10.3
                Management
                    agreement with Sherron Skibo, Chief
                    Operating Officer *10.4
                Management
                    agreement with Christine M. Carriker,
                    Senior Vice President & Chief Administrative Officer
                    *10.5
                Management
                    agreement with Richard A. von Gnechten,
                    Chief Financial Officer*10.6
                Consultant
                    agreement with CEOcast, Inc. (Rachel
                    Glicksman)*10.7
                Consultant
                    agreement with Darrel T. Uselton &
                    his affiliates (Protrading.com)*14.1
                The
                    Company’s Code of
                    Ethics*16.1
                Letter
                    on Change in Certifying Accountant (incorporated by reference
                    from Exh. 16
                    to a Form 8K/A filed October 5, 2004)21
                Subsidiaries
                    of the
                    Registrant*31.1
                Rule
                    13a-14(a)/15d-14(a) Certification of Gregory
                    J. Wessling, Chairman and Chief Executive
                    Officer*31.2
                Rule
                    13a-14(a)/15d-14(a) Certification of Robert V.
                    McLemore, President and Founder*31.3
                Rule
                    13a-14(a)/15d-14(a) Certification of Richard
                    A. von Gnechten, Chief Financial Officer*31.4
                Rule
                    13a-14(a)/15d-14(a) Certification of Christine
                    M. Carriker, Senior Vice President & Chief Administrative
                    Officer*32.1
                Section
                    1350 Certification of Gregory J. Wessling,
                    Chairman and Chief Executive Officer*32.2
                Section
                    1350 Certification of Robert V. McLemore,
                    President and Founder*32.3
                Section
                    1350 Certification of Richard A. von
                    Gnechten, Chief Financial Officer*32.4
                Section
                    1350 Certification of Christine M.
                    Carriker, Senior Vice President and Chief Administrative
                    Officer*_________________________________*-Filed
                    herewith


34








SIGNATURES





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




**HOUSERAISING,
                  INC.**
                (Registrant)Date: April 5,
                2006
              By:
              /s/ Gregory
                J. WesslingGregory
                J. WesslingChairman
                  of the Board and
                Chief
                  Executive Officer
                (Principal
                  Executive
                  Officer)


Date: April 5, 2006
                By:
                /s/ Robert V. McLemoreName:
                  Robert V. McLemoreTitle:  President and Founder
                  (Principal Executive
                    Officer)




Date: April 5, 2006
                By:
                /s/ Richard A. von GnechtenName:
                  Richard A. von GnechtenTitle:  Chief Financial Officer
                  (Principal
                    Financial Officer)
  Date: April 5, 2006
                By:
                /s/ Christine M. CarrikerName:
                  Christine M. CarrikerTitle:  Senior
                    Vice President,Chief
                    Administrative Officer
                  (Principal Accounting Officer)




Pursuant
        to the requirements of the Securities Exchange Act of 1934, this report has
        been
        signed below by the following persons on behalf of the registrants and in
        the
        capacities indicated on April 5, 2006.






Signature
                
                Title/s/
                    Gregory J. Wessling
                
                Chairman
                    of the Board of Directors and Chief Executive OfficerGregory
                      J. Wessling
                
                (Principal
                    Executive Officer)/s/
                    Robert V. McLemore
                
                Founder,
                    President and Director of HouseRaising, Inc.Robert
                      V. McLemore
                
                (Principal
                    Executive Officer)/s/
                    Richard A. von Gnechten
                
                Chief
                    Financial Officer of HouseRaising, Inc.Richard
                      A. von Gnechten
                
                (Principal
                    Financial Officer)/s/
                    Christine M. Carriker
                
                Co-Founder,
                    Senior Vice President, Chief Administrative Officer, Secretary
                    and Director of HouseRaising, Inc.Christine
                      M. Carriker
                
                (Principal
                      Accounting Officer)/s/
                    Grant S. Neerings
                
                Chief
                    Technology Officer and Director of HouseRaising, Inc.
                    andGrant
                      Neerings
                
                President
                    and Chief Manager of HouseRaisingAcademy, LLC/s/
                    Robert M. Burroughs
                
                Director
                    of HouseRaising, Inc.Robert
                      M. Burroughs/s/
                    Elizabeth A. McLemore
                
                Director
                    of HouseRaising, Inc.Elizabeth
                      A. McLemore






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