American Church Mortgage Co (ACMC) Financial Statements (2024 and earlier)
Company Profile
| Business Address |
10237 YELLOW CIRCLE DRIVE MINNEAPOLIS, MN 55343 |
| State of Incorp. | MN |
| Fiscal Year End | December 31 |
| Industry (SIC) | 65 - Real Estate (benchmarking) |
| More info | Complete Financial Analysis Financial Benchmarking |
Balance Sheet (Statement of Financial Position) ($ in thousands)
| 6/30/2022 MRQ | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | |||
|---|---|---|---|---|---|---|---|---|---|
| ASSETS | |||||||||
| Current Assets | |||||||||
| Cash, cash equivalents, and short-term investments | 115 | 88 | 194 | ||||||
| Cash and cash equivalents | 115 | 88 | 192 | ||||||
| Short-term investments | 2 | ||||||||
| Receivables | (1,317) | (1,494) | (1,429) | (1,236) | (991) | 437 | |||
| Prepaid expense | 2 | 8 | 13 | 7 | 3 | 1 | |||
| Deferred costs | 769 | 866 | |||||||
| Other undisclosed current assets | 6,266 | 3,446 | 4,180 | ||||||
| Total current assets: | (1,200) | (629) | (356) | 5,038 | 2,457 | 4,619 | |||
| Noncurrent Assets | |||||||||
| Long-term investments and receivables | (1,494) | (1,429) | 1,500 | 1,340 | 1,270 | ||||
| Accounts and financing receivable, after allowance for credit loss | (1,494) | (1,429) | 1,500 | 1,340 | 1,270 | ||||
| Other undisclosed noncurrent assets | 33,486 | 34,888 | 33,678 | ||||||
| Total noncurrent assets: | (1,494) | (1,429) | 34,986 | 36,228 | 34,948 | ||||
| Other undisclosed assets | 31,898 | 37,698 | 39,729 | ||||||
| TOTAL ASSETS: | 30,698 | 35,575 | 37,943 | 40,024 | 38,685 | 39,567 | |||
| LIABILITIES AND EQUITY | |||||||||
| Liabilities | |||||||||
| Current Liabilities | |||||||||
| Accounts payable and accrued liabilities | 0 | 31 | 138 | 747 | 174 | 138 | |||
| Interest and dividends payable | 17 | 126 | 143 | 117 | 101 | ||||
| Accounts payable | 0 | 14 | 12 | 605 | 57 | 37 | |||
| Deferred revenue | 153 | ✕ | ✕ | ✕ | |||||
| Debt | 22,279 | 4,105 | 4,116 | 2,803 | |||||
| Total current liabilities: | 22,431 | 31 | 138 | 4,852 | 4,290 | 2,941 | |||
| Noncurrent Liabilities | |||||||||
| Other undisclosed noncurrent liabilities | 24,395 | 23,207 | 25,121 | ||||||
| Total noncurrent liabilities: | 24,395 | 23,207 | 25,121 | ||||||
| Other undisclosed liabilities | (507) | 25,458 | 27,457 | ||||||
| Total liabilities: | 21,924 | 25,489 | 27,595 | 29,247 | 27,497 | 28,062 | |||
| Commitments and contingencies | 300 | ||||||||
| Equity | |||||||||
| Equity, attributable to parent | 8,773 | 10,085 | 10,348 | 10,777 | 11,187 | 11,505 | |||
| Common stock | 17 | 17 | 17 | 17 | 17 | 17 | |||
| Additional paid in capital | 19,111 | 19,111 | 19,113 | 19,113 | 19,113 | 19,113 | |||
| Accumulated deficit | (10,354) | (9,042) | (8,782) | (8,354) | (7,943) | (7,625) | |||
| Other undisclosed equity | (300) | ||||||||
| Total equity: | 8,473 | 10,085 | 10,348 | 10,777 | 11,187 | 11,505 | |||
| TOTAL LIABILITIES AND EQUITY: | 30,698 | 35,575 | 37,943 | 40,024 | 38,685 | 39,567 | |||
Income Statement (P&L) ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Revenues (Net Investment Income) | 1,917 | 2,544 | 2,809 | 2,689 | 2,767 | 2,698 | ||
| Cost of revenue | (940) | (176) | (200) | (258) | ||||
| Provision for loan, lease, and other losses | (940) | (176) | (200) | ✕ | ✕ | |||
| Financial services costs | ✕ | ✕ | ✕ | ✕ | ✕ | (258) | ||
| Gross profit: | 977 | 2,367 | 2,609 | 2,689 | 2,767 | 2,440 | ||
| Operating expenses | (486) | (797) | (591) | (514) | (616) | (676) | ||
| Other undisclosed operating loss | (1,999) | (2,102) | ||||||
| Operating income (loss): | 491 | 1,570 | 2,017 | 2,175 | 152 | (337) | ||
| Interest and debt expense | (1,591) | (1,766) | (1,882) | (1,971) | (1,914) | (2,025) | ||
| Income (loss) from continuing operations before income taxes: | (1,100) | (196) | 135 | 204 | (1,761) | (2,362) | ||
| Income tax expense | (2,574) | |||||||
| Income (loss) from continuing operations: | (3,674) | (196) | 135 | 204 | (1,761) | (2,362) | ||
| Income (loss) before gain (loss) on sale of properties: | ✕ | (3,674) | (196) | 135 | 204 | (1,761) | (2,362) | |
| Net income (loss): | (3,674) | (196) | 135 | 204 | (1,761) | (2,362) | ||
| Other undisclosed net income (loss) attributable to parent | 2,379 | 70 | (77) | (254) | 1,914 | 2,025 | ||
| Net income (loss) available to common stockholders, diluted: | (1,295) | (126) | 58 | (50) | 152 | (337) | ||
Comprehensive Income ($ in thousands)
| 6/30/2022 TTM | 12/31/2021 | 12/31/2020 | 12/31/2019 | 12/31/2018 | 12/31/2017 | 12/31/2016 | ||
|---|---|---|---|---|---|---|---|---|
| Net income (loss): | (3,674) | (196) | 135 | 204 | (1,761) | (2,362) | ||
| Comprehensive income (loss), net of tax, attributable to parent: | (3,674) | (196) | 135 | 204 | (1,761) | (2,362) | ||
Statements Sources
The financial statements are based on the Company's filings with the U.S. Securities and Exchange Commission (SEC) through the Electronic Data Gathering, Analysis, and Retrieval system (EDGAR). The information is derived from the 10-K and 10-Q reports submitted to the SEC in XBRL (eXtensible Business Reporting Language) format and presented according to the US GAAP Taxonomy. Please review the original filings for a more detailed information.