ACMC - American Church Mort

From OTC Wiki
American Church Mortgage Company engages in making mortgage loans to churches and other non-profit religious organizations in the United States. It also selects and invests in mortgage-secured debt instruments issued by churches and other non-profit religious organizations. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. American Church Mortgage Company was incorporated in 1994 and is based in Minnetonka, Minnesota.