American Church Mortgage Co (ACMC) Financial Statements (2025 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
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments9971151966319188
Cash and cash equivalents9971151966319188
Receivables(1,106)(1,317)(1,246)(1,325)(1,275)(1,494)
Prepaid expense12814188
Deferred costs     745769
Total current assets:(108)(1,200)(1,042)(1,248)(321)(629)
Noncurrent Assets
Long-term investments and receivables     1,501(1,494)
Accounts and financing receivable, after allowance for credit loss     1,501(1,494)
Total noncurrent assets:     1,501(1,494)
Other undisclosed assets  31,89833,09834,28933,20737,698
TOTAL ASSETS:(108)30,69832,05633,04134,38735,575
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities0011811731
Interest and dividends payable   1717
Accounts payable001181114
Deferred revenue 144153157161  
Debt 21,97722,27922,55423,051  
Total current liabilities:22,12022,43122,82923,2121731
Noncurrent Liabilities
Other undisclosed liabilities (778)(507)(334)21724,40625,458
Total liabilities:21,34221,92422,49423,42924,42325,489
Commitments and contingencies  3005001,078  
Equity
Equity, attributable to parent8,6228,7739,5619,6139,96410,085
Common stock171717171717
Additional paid in capital19,11119,11119,11119,11119,11119,111
Accumulated deficit(10,506)(10,354)(9,566)(9,515)(9,164)(9,042)
Other undisclosed equity  (300)(500)(1,078)  
Total equity:8,6228,4739,0618,5359,96410,085
Other undisclosed liabilities and equity      
TOTAL LIABILITIES AND EQUITY:29,96530,69832,05633,04134,38735,575

Income Statement (P&L) ($ in thousands)

6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Revenues
(Net Investment Income)
566432500388599600
Cost of revenue
(Provision for Loan, Lease, and Other Losses)
(227)(592)(124)(171)(52)(63)
Gross profit:339(161)375216546536
Operating expenses(129)1(111)(147)(329)(283)
Other undisclosed operating income      792
Operating income (loss):210(159)264702171,045
Interest and debt expense(361)(379)(390)(407)(414)(424)
Income (loss) from continuing operations before income taxes:(151)(539)(127)(337)(197)621
Other undisclosed loss from continuing operations  (2,574)    
Income (loss) from continuing operations:(151)(3,113)(127)(337)(197)621
Income (loss) before gain (loss) on sale of properties:(151)(3,113)(127)(337)(197)621
Net income (loss):(151)(3,113)(127)(337)(197)621
Other undisclosed net income (loss) attributable to parent 2,32575(14)93(775)
Net loss available to common stockholders, diluted:(151)(788)(51)(351)(105)(154)

Comprehensive Income ($ in thousands)

6/30/2022
Q2
3/31/2022
Q1
12/31/2021
Q4
9/30/2021
Q3
6/30/2021
Q2
3/31/2021
Q1
12/31/2020
Q4
Net income (loss):(151)(3,113)(127)(337)(197)621
Comprehensive income (loss), net of tax, attributable to parent:(151)(3,113)(127)(337)(197)621

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.

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