American Church Mortgage Co (ACMC) financial statements (2020 and earlier)

Company profile

Business Address 10237 YELLOW CIRCLE DRIVE
MINNEAPOLIS, MN 55343
State of Incorp. MN
Fiscal Year End December 31
SIC 65 - Real Estate (benchmarking)
More info Complete financial analysis Financial benchmarking

Balance sheet (Statement of financial position) ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
ASSETS
Current Assets
Receivables (1,236)(991)437(843)420223
Prepaid expense 7312067
Other undisclosed current assets 6,2663,4464,1806,8005,5714,705
Total current assets: 5,0382,4574,6195,9775,9974,934
Noncurrent Assets
Long-term investments and receivables 1,5001,3401,2701,1471,131924
Accounts and financing receivable, after allowance for credit loss 1,5001,3401,2701,1471,131924
Other undisclosed noncurrent assets 33,48634,88833,67833,52233,58133,348
Total noncurrent assets: 34,98636,22834,94834,66934,71234,272
TOTAL ASSETS: 40,02438,68539,56740,64640,70939,207
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities 74717413815519022
Accounts payable 6055737292222
Interest and dividends payable 143117101126168 
Debt 4,1054,1162,8033,1202,3401,876
Other undisclosed current liabilities      168
Total current liabilities: 4,8524,2902,9413,2752,5302,065
Noncurrent Liabilities
Other undisclosed noncurrent liabilities 24,39523,20725,12125,12625,46823,881
Total noncurrent liabilities: 24,39523,20725,12125,12625,46823,881
Total liabilities: 29,24727,49728,06228,40127,99825,946
Stockholders' equity
Stockholders' equity attributable to parent 10,77711,18711,50512,24512,71113,261
Common stock 171717171717
Additional paid in capital 19,11319,11319,11319,11319,11319,113
Accumulated deficit (8,354)(7,943)(7,625)(6,885)(6,419)(5,870)
Total stockholders' equity: 10,77711,18711,50512,24512,71113,261
TOTAL LIABILITIES AND EQUITY: 40,02438,68539,56740,64640,70939,207

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

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Revenues 2,6892,7672,6982,9402,792 
Net investment income 2,6892,7672,6982,9362,782 
Cost of revenue
(Financial Services Costs)
   (258)  (849)
Gross profit: 2,6892,7672,4402,9402,792(849)
Operating expenses (514)(616)(676)(1,089)(716)(952)
Other undisclosed operating income (loss)  (1,999)(2,102)(1,893)(2,014)2,165
Operating income (loss): 2,175152(337)(42)62364
Interest and debt expense (1,971)(1,914)(2,025)(1,997)(1,822)(1,848)
Net income (loss): 204(1,761)(2,362)(2,040)(1,761)(1,484)
Other undisclosed net income (loss) attributable to parent (254)1,9142,0252,0011,8321,851
Net income (loss) available to common stockholders, diluted: (50)152(337)(38)71367

Comprehensive Income ($ in thousands)

9/30/2019
TTM
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
12/31/2013
Net income (loss): 204(1,761)(2,362)(2,040)(1,761)(1,484)
Comprehensive income (loss), net of tax, attributable to parent: 204(1,761)(2,362)(2,040)(1,761)(1,484)

Statements sources

The financial statements are based on the company's filings with the 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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