American Church Mortgage Co (ACMC) financial statements (2021 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)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments88194     
Cash and cash equivalents88192     
Short-term investments 2     
Receivables(1,494)(1,429)(1,236)(991)437(843)420
Prepaid expense813731206
Deferred costs769866     
Other undisclosed current assets  6,2663,4464,1806,8005,571
Total current assets:(629)(356)5,0382,4574,6195,9775,997
Noncurrent Assets
Long-term investments and receivables(1,494)(1,429)1,5001,3401,2701,1471,131
Accounts and financing receivable, after allowance for credit loss(1,494)(1,429)1,5001,3401,2701,1471,131
Other undisclosed noncurrent assets  33,48634,88833,67833,52233,581
Total noncurrent assets:(1,494)(1,429)34,98636,22834,94834,66934,712
Other undisclosed assets37,69839,729     
TOTAL ASSETS:35,57537,94340,02438,68539,56740,64640,709
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities31138747174138155190
Accounts payable141260557372922
Interest and dividends payable17126143117101126168
Debt  4,1054,1162,8033,1202,340
Total current liabilities:311384,8524,2902,9413,2752,530
Noncurrent Liabilities
Other undisclosed noncurrent liabilities  24,39523,20725,12125,12625,468
Total noncurrent liabilities:  24,39523,20725,12125,12625,468
Other undisclosed liabilities25,45827,457     
Total liabilities:25,48927,59529,24727,49728,06228,40127,998
Stockholders' equity
Stockholders' equity attributable to parent10,08510,34810,77711,18711,50512,24512,711
Common stock17171717171717
Additional paid in capital19,11119,11319,11319,11319,11319,11319,113
Accumulated deficit(9,042)(8,782)(8,354)(7,943)(7,625)(6,885)(6,419)
Total stockholders' equity:10,08510,34810,77711,18711,50512,24512,711
TOTAL LIABILITIES AND EQUITY:35,57537,94340,02438,68539,56740,64640,709

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

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Revenues2,5442,8092,6892,7672,6982,9402,792
Net investment income2,5442,8092,6892,7672,6982,9362,782
Cost of revenue(176)(200)  (258)  
Provision for loan, lease, and other losses(176)(200) 
Financial services costs (258)  
Gross profit:2,3672,6092,6892,7672,4402,9402,792
Operating expenses(797)(591)(514)(616)(676)(1,089)(716)
Other undisclosed operating loss   (1,999)(2,102)(1,893)(2,014)
Operating income (loss):1,5702,0172,175152(337)(42)62
Interest and debt expense(1,766)(1,882)(1,971)(1,914)(2,025)(1,997)(1,822)
Net income (loss):(196)135204(1,761)(2,362)(2,040)(1,761)
Other undisclosed net income (loss) attributable to parent70(77)(254)1,9142,0252,0011,832
Net income (loss) available to common stockholders, diluted:(126)58(50)152(337)(38)71

Comprehensive Income ($ in thousands)

12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
12/31/2014
Net income (loss):(196)135204(1,761)(2,362)(2,040)(1,761)
Comprehensive income (loss), net of tax, attributable to parent:(196)135204(1,761)(2,362)(2,040)(1,761)

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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