BNET Industries

Market Cap:$4.9M
Last Fiscal Year Sales:$3.6M
  • Public
  • US
Dow Jones Description

Incorporated as a Minnesota corporation on May 27, 1994, we operate as a Real Estate Investment Trust ("REIT") and are engaged in the business of making mortgage loans to churches and other non-profit religious organizations throughout the United States. The principal amount of loans we offer ranges from $100,000 to $2,000,000. We may also invest up to 30% of our Average Invested Assets in mortgage secured debt securities (bonds) issued by churches and other non-profit religious organizations. Between the date upon which we began active business operations (April 15, 1996), and February 28, 2005, we have made 117 loans to 106 churches in the aggregate amount of $49,927,061, with the average principal amount of such loans being $426,727. Of the 117 loans we have made, 25 loans totaling $11,756,350 have been repaid early by the borrowing churches. We also own, as of February 28, 2005, $9,093,790 principal amount of Church Bonds, which we purchased at a price of par value ($1,000) or less.

President, CEO, CFO, Chief Accounting Officer, Treasurer & Secretary
Philip J. Myers
Contact Information

10237 Yellow Circle Dr

Hopkins, Minnesota 55343-9101

(952) 945-9455

NAICS Code Real Estate Credit: 522292

Recent Events

  • American Church Mortgage Company Declares Third Quarter Dividend

    10/15/09 - Stock Split / Dividend - View Story

Decision Makers

Name (plus bio) Position
Philip J. Myers President, CEO, CFO, Chief Accounting Officer, Treasurer & Secretary
Charles J. Zeman

Board of Directors

Name (plus bio) Position
Anthony Dowd Board of Directors
Dennis J. Doyle Board of Directors
Michael G. Holmquist Board of Directors

Organization Position Status
American Church Mortgage Co President, CEO, CFO, Chief Accounting Officer, Treasurer & Secretary Current
American Church Mortgage Co Board of Directors Current

Charles J. Zeman, CFP has been a registered representative with American Investors Group Inc., since January 1996. Prior to his affiliation with American, Mr. Zeman was employed by A.B. Culbertson. Mr. Zeman earned a Bachelor of Science Degree in both accounting and marketing from the University of Illinois in 1964. Mr. Zeman is a Vietnam Era Veteran of the US Army serving overseas from 1965 through 1967. He was employed as a Regional Manager for Ethicon, a division of Johnson & Johnson, from 1968 to 1976. Mr. Zeman obtained the designation as a Certified Financial Planner (CFP) through the College of Financial Planning in 1985 along with his securities license. Mr. Zeman has syndicated real estate properties as a real estate broker in the greater Phoenix, Arizona metropolitan area. Mr. Zeman holds a Series 7, 63, 22 and a 65 securities license. Mr Zeman's primary focus is the offering of American Investors' current church bond offerings and American Church Mortgage Corporation (ACMC) notes and equity shares. As a Certified Financial Planner he also provides advice with Retirement Planning (IRA's and Roth IRA's), Estate Planning (Life Insurance and Life Insurance Trusts), other investment products including all listed stocks on major exchanges, bonds and mutual funds and tax planning.

Organization Position Status
American Investors Group, Inc. Registered Representative Current
American Church Mortgage Co Current
Ethicon, Inc. Regional Manager Former
Johnson & Johnson Manager Former
University of Illinois Bachelor of Science Degree Former

Organization Position Status
Charter Oak Capital Partners, L.P. General Partner Current
Revere Industries LLC Board of Directors Current
American Church Mortgage Co Board of Directors Current
James D. Wolfensohn, Inc. Senior Associate Former
Geo Specialty Chemicals, Inc. Former
Wharton Graduate School of the University of Pennsylvania M.B.A Degree In Finance Former
United States Military Academy B.S. degree in Engineering Former

Organization Position Status
American Church Mortgage Co Board of Directors Current

Organization Position Status
American Church Mortgage Co Board of Directors Current
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     ACMC $2.02 0.00 (0.00% )
Average Volume 261
Shares Outstanding -
Market Cap -
Year High 3
Year Low 0.75
Earnings Per Share N/A
P/E Ratio -
Dividend 0.40
Yield 19.80
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