American Church Mortgage Co (ACMC) financial statements (2022 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)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
ASSETS
Current Assets
Cash, cash equivalents, and short-term investments11588194    
Cash and cash equivalents11588192    
Short-term investments  2    
Receivables(1,317)(1,494)(1,429)(1,236)(991)437(843)
Prepaid expense281373120
Deferred costs 769866    
Other undisclosed current assets   6,2663,4464,1806,800
Total current assets:(1,200)(629)(356)5,0382,4574,6195,977
Noncurrent Assets
Long-term investments and receivables (1,494)(1,429)1,5001,3401,2701,147
Accounts and financing receivable, after allowance for credit loss (1,494)(1,429)1,5001,3401,2701,147
Other undisclosed noncurrent assets   33,48634,88833,67833,522
Total noncurrent assets: (1,494)(1,429)34,98636,22834,94834,669
Other undisclosed assets31,89837,69839,729    
TOTAL ASSETS:30,69835,57537,94340,02438,68539,56740,646
LIABILITIES AND EQUITY
Liabilities
Current Liabilities
Accounts payable and accrued liabilities031138747174138155
Accounts payable01412605573729
Interest and dividends payable 17126143117101126
Deferred revenue153  
Debt22,279  4,1054,1162,8033,120
Total current liabilities:22,431311384,8524,2902,9413,275
Noncurrent Liabilities
Other undisclosed noncurrent liabilities   24,39523,20725,12125,126
Total noncurrent liabilities:   24,39523,20725,12125,126
Other undisclosed liabilities(507)25,45827,457    
Total liabilities:21,92425,48927,59529,24727,49728,06228,401
Commitments and contingencies300      
Stockholders' equity
Stockholders' equity attributable to parent8,77310,08510,34810,77711,18711,50512,245
Common stock17171717171717
Additional paid in capital19,11119,11119,11319,11319,11319,11319,113
Accumulated deficit(10,354)(9,042)(8,782)(8,354)(7,943)(7,625)(6,885)
Other undisclosed stockholders' equity(300)      
Total stockholders' equity:8,47310,08510,34810,77711,18711,50512,245
TOTAL LIABILITIES AND EQUITY:30,69835,57537,94340,02438,68539,56740,646

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

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Revenues1,9172,5442,8092,6892,7672,6982,940
Net investment income1,9172,5442,8092,6892,7672,6982,936
Cost of revenue(940)(176)(200)  (258) 
Provision for loan, lease, and other losses(940)(176)(200) 
Financial services costs (258) 
Gross profit:9772,3672,6092,6892,7672,4402,940
Operating expenses(486)(797)(591)(514)(616)(676)(1,089)
Other undisclosed operating loss    (1,999)(2,102)(1,893)
Operating income (loss):4911,5702,0172,175152(337)(42)
Interest and debt expense(1,591)(1,766)(1,882)(1,971)(1,914)(2,025)(1,997)
Income (loss) from continuing operations before income taxes:(1,100)(196)135204(1,761)(2,362)(2,040)
Income tax expense(2,574)      
Net income (loss):(3,674)(196)135204(1,761)(2,362)(2,040)
Other undisclosed net income (loss) attributable to parent2,37970(77)(254)1,9142,0252,001
Net income (loss) available to common stockholders, diluted:(1,295)(126)58(50)152(337)(38)

Comprehensive Income ($ in thousands)

12/31/2021
12/31/2020
12/31/2019
12/31/2018
12/31/2017
12/31/2016
12/31/2015
Net income (loss):(3,674)(196)135204(1,761)(2,362)(2,040)
Comprehensive income (loss), net of tax, attributable to parent:(3,674)(196)135204(1,761)(2,362)(2,040)

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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