$SACH
Sachem Capital Corp.

2023 Q1 Form 10-K Financial Statement

#000141057823000507 Filed on March 31, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $14.71M $15.89M $52.28M
YoY Change 42.77% 63.32% 71.82%
Cost Of Revenue $6.873M $6.467M $21.55M
YoY Change 75.75% 123.51% 105.78%
Gross Profit $7.835M $9.419M $30.73M
YoY Change 22.79% 37.84% 54.23%
Gross Profit Margin 53.27% 59.29% 58.78%
Selling, General & Admin $2.677M $2.727M $8.413M
YoY Change 64.67% 49.77% 56.78%
% of Gross Profit 34.17% 28.96% 27.38%
Research & Development
YoY Change
% of Gross Profit
Depreciation & Amortization $40.13K $39.88K $106.4K
YoY Change 80.46% 79.32% 27.4%
% of Gross Profit 0.51% 0.42% 0.35%
Operating Expenses $2.863M $2.952M $8.957M
YoY Change 68.11% 48.7% 56.65%
Operating Profit $4.972M $6.467M $21.77M
YoY Change 6.29% 33.39% 53.26%
Interest Expense
YoY Change
% of Operating Profit
Other Income/Expense, Net $83.72K $544.7K
YoY Change -15.66% 25.83%
Pretax Income $5.120M $6.276M $20.91M
YoY Change 17.67% 46.44% 56.99%
Income Tax $0.00 $0.00
% Of Pretax Income 0.0% 0.0%
Net Earnings $5.120M $5.354M $20.91M
YoY Change 17.67% 24.93% 56.99%
Net Earnings / Revenue 34.81% 33.7% 40.0%
Basic Earnings Per Share $0.10 $0.46
Diluted Earnings Per Share $0.10 $0.13 $0.46
COMMON SHARES
Basic Shares Outstanding 43.76M 40.80M 37.74M
Diluted Shares Outstanding 42.79M 37.75M

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $20.85M $23.71M $23.71M
YoY Change -63.97% -43.46% -43.46%
Cash & Equivalents $20.33M $23.71M
Short-Term Investments $517.0K $531.0K
Other Short-Term Assets $459.3K $477.0K $410.4K
YoY Change 100.5% 75.84% 51.27%
Inventory
Prepaid Expenses
Receivables $6.646M $6.310M $6.310M
Other Receivables $9.780M $8.797M $8.797M
Total Short-Term Assets $37.16M $39.23M $39.23M
YoY Change -43.89% -21.02% -21.02%
LONG-TERM ASSETS
Property, Plant & Equipment $4.792M $4.122M $4.122M
YoY Change 122.53% 89.75% 89.75%
Goodwill $391.0K $391.0K
YoY Change
Intangibles
YoY Change
Long-Term Investments $71.16M $55.41M $55.41M
YoY Change 34.46% -16.92% -16.92%
Other Assets $297.3K $54.55K $54.55K
YoY Change 91.12% -79.37% -79.37%
Total Long-Term Assets $559.8M $526.4M $526.4M
YoY Change 34.73% 42.94% 42.94%
TOTAL ASSETS
Total Short-Term Assets $37.16M $39.23M $39.23M
Total Long-Term Assets $559.8M $526.4M $526.4M
Total Assets $597.0M $565.7M $565.7M
YoY Change 23.92% 35.34% 35.34%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $1.587M $1.110M $1.110M
YoY Change 209.69% 121.18% 121.18%
Accrued Expenses $418.6K $323.4K $323.4K
YoY Change 46.05% 96.33% 96.33%
Deferred Revenue
YoY Change
Short-Term Debt $13.67M $3.588M $3.588M
YoY Change -41.26% -89.19% -89.19%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $26.99M $20.26M $20.26M
YoY Change -33.69% -61.67% -61.67%
LONG-TERM LIABILITIES
Long-Term Debt $336.3M $323.3M $323.3M
YoY Change 42.05% 79.24% 79.24%
Other Long-Term Liabilities $4.681M $4.360M $4.360M
YoY Change -4.0% -6.1% -6.1%
Total Long-Term Liabilities $341.0M $327.7M $327.7M
YoY Change 41.12% 77.1% 77.1%
TOTAL LIABILITIES
Total Short-Term Liabilities $26.99M $20.26M $20.26M
Total Long-Term Liabilities $341.0M $327.7M $327.7M
Total Liabilities $368.0M $348.0M $348.0M
YoY Change 30.33% 46.27% 46.27%
SHAREHOLDERS EQUITY
Retained Earnings -$6.289M -$7.995M
YoY Change 302.45% 60.14%
Common Stock $43.76K $41.09K
YoY Change 23.21% 25.55%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $229.0M $217.7M $217.7M
YoY Change
Total Liabilities & Shareholders Equity $597.0M $565.7M $565.7M
YoY Change 23.92% 35.34% 35.34%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $5.120M $5.354M $20.91M
YoY Change 17.67% 24.93% 56.99%
Depreciation, Depletion And Amortization $40.13K $39.88K $106.4K
YoY Change 80.46% 79.32% 27.4%
Cash From Operating Activities $5.009M $742.7K $13.15M
YoY Change -33.7% -93.06% -53.18%
INVESTING ACTIVITIES
Capital Expenditures $710.9K $314.5K $1.581M
YoY Change 19333.65% -134.38% 92.3%
Acquisitions
YoY Change
Other Investing Activities -$33.14M -$7.997M -$157.8M
YoY Change -31.33% -90.06% -3.88%
Cash From Investing Activities -$33.96M -$8.311M -$159.5M
YoY Change -29.91% -89.78% -4.05%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $39.29M
YoY Change -29.91%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 25.57M -4.183M 128.2M
YoY Change -55.0% -104.48% -20.26%
NET CHANGE
Cash From Operating Activities 5.009M 742.7K 13.15M
Cash From Investing Activities -33.96M -8.311M -159.5M
Cash From Financing Activities 25.57M -4.183M 128.2M
Net Change In Cash -3.381M -11.75M -18.23M
YoY Change -121.23% -151.78% -180.89%
FREE CASH FLOW
Cash From Operating Activities $5.009M $742.7K $13.15M
Capital Expenditures $710.9K $314.5K $1.581M
Free Cash Flow $4.299M $428.2K $11.57M
YoY Change -43.08% -96.31% -57.56%

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CY2022 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
158687
CY2021 us-gaap Increase Decrease In Interest Payable Net
IncreaseDecreaseInInterestPayableNet
161385
CY2022 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
766723
CY2021 us-gaap Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
129091
CY2022 us-gaap Increase Decrease In Deferred Revenue
IncreaseDecreaseInDeferredRevenue
-283038
CY2021 us-gaap Increase Decrease In Deferred Revenue
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2544159
CY2022 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
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-5173950
CY2021 us-gaap Increase Decrease In Advance Payments By Borrowers For Taxes And Insurance
IncreaseDecreaseInAdvancePaymentsByBorrowersForTaxesAndInsurance
13235575
CY2022 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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CY2021 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
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CY2022 us-gaap Net Cash Provided By Used In Operating Activities
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CY2021 us-gaap Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
27806191
CY2022 us-gaap Payments To Acquire Marketable Securities
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51651930
CY2021 us-gaap Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
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CY2022 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2021 us-gaap Proceeds From Sale And Maturity Of Marketable Securities
ProceedsFromSaleAndMaturityOfMarketableSecurities
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CY2022 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
24775342
CY2021 us-gaap Payments To Acquire Limited Partnership Interests
PaymentsToAcquireLimitedPartnershipInterests
6055838
CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
2090879
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
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CY2022 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
126442
CY2021 us-gaap Payments To Acquire Real Estate Held For Investment
PaymentsToAcquireRealEstateHeldForInvestment
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CY2022 us-gaap Payments To Acquire Property Plant And Equipment
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1581350
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
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CY2021 us-gaap Payments For Proceeds From Other Deposits
PaymentsForProceedsFromOtherDeposits
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CY2022 sach Payments To Acquire Mortgage Receivable
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300277303
CY2021 sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
251832318
CY2022 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
131840244
CY2021 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
115147409
CY2022 sach Other Assets Pre Offering Costs
OtherAssetsPreOfferingCosts
170606
CY2021 sach Other Assets Pre Offering Costs
OtherAssetsPreOfferingCosts
306440
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
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CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-165996497
CY2022 sach Proceeds From Lines Of Credits
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CY2021 sach Proceeds From Lines Of Credits
ProceedsFromLinesOfCredits
5122383
CY2022 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
23446277
CY2021 us-gaap Proceeds From Payments For In Securities Sold Under Agreements To Repurchase
ProceedsFromPaymentsForInSecuritiesSoldUnderAgreementsToRepurchase
19087189
CY2021 us-gaap Proceeds From Issuance Of First Mortgage Bond
ProceedsFromIssuanceOfFirstMortgageBond
750000
CY2021 us-gaap Repayments Of First Mortgage Bond
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767508
CY2022 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
24907
CY2021 us-gaap Repayments Of Notes Payable
RepaymentsOfNotesPayable
23761
CY2022 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
18809722
CY2021 us-gaap Payments Of Dividends Common Stock
PaymentsOfDividendsCommonStock
12267706
CY2022 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
3687062
CY2021 us-gaap Payments Of Dividends Preferred Stock And Preference Stock
PaymentsOfDividendsPreferredStockAndPreferenceStock
1853855
CY2021 us-gaap Payments Of Financing Costs
PaymentsOfFinancingCosts
461357
CY2021 us-gaap Repayments Of Other Debt
RepaymentsOfOtherDebt
257845
CY2022 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
39291945
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
56060472
CY2022 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
-70000
CY2021 us-gaap Proceeds From Issuance Of Preferred Stock And Preference Stock
ProceedsFromIssuanceOfPreferredStockAndPreferenceStock
45462626
CY2022 sach Proceeds From Issuance Of Fixed Rate Notes
ProceedsFromIssuanceOfFixedRateNotes
122125000
CY2021 sach Proceeds From Issuance Of Fixed Rate Notes
ProceedsFromIssuanceOfFixedRateNotes
51750000
CY2022 sach Financing Costs Incurred In Connection With Fixed Rate Notes
FinancingCostsIncurredInConnectionWithFixedRateNotes
4516931
CY2021 sach Financing Costs Incurred In Connection With Fixed Rate Notes
FinancingCostsIncurredInConnectionWithFixedRateNotes
1879463
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
128164463
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
160721175
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-18225800
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
22530869
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41938897
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19408028
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
23713097
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
41938897
CY2022 us-gaap Interest Paid Net
InterestPaidNet
19286819
CY2021 us-gaap Interest Paid Net
InterestPaidNet
9097631
CY2022 sach Dividends Declared And Payable
DividendsDeclaredAndPayable
5342160
CY2021 sach Dividends Declared And Payable
DividendsDeclaredAndPayable
3927600
CY2022Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
1376733
CY2021Q4 us-gaap Real Estate Acquired Through Foreclosure
RealEstateAcquiredThroughForeclosure
685700
CY2022 sach Reversal Of Losses From Unrealized To Realized
ReversalOfLossesFromUnrealizedToRealized
310000
CY2022 sach Unrealized Loss On Oci Debt Securities Available For Sale Unrealized Holding Gain Loss Aftert Ax
UnrealizedLossOnOciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAftertAx
-395474
CY2021 sach Unrealized Loss On Oci Debt Securities Available For Sale Unrealized Holding Gain Loss Aftert Ax
UnrealizedLossOnOciDebtSecuritiesAvailableForSaleUnrealizedHoldingGainLossAftertAx
-450024
CY2022 sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
85474
CY2021 sach Change In Oci From Available For Sale Unrealized Holding Gain Loss After Tax
ChangeInOciFromAvailableForSaleUnrealizedHoldingGainLossAfterTax
450024
CY2021Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
0
CY2022 us-gaap Prior Period Reclassification Adjustment Description
PriorPeriodReclassificationAdjustmentDescription
<p style="font-family:'Times New Roman','Times','serif';font-size:10pt;text-indent:36pt;margin:0pt 0pt 9.1pt 0pt;"><i style="font-style:italic;">Reclassifications</i></p><p style="font-family:'Times New Roman','Times','serif';font-size:10pt;font-style:italic;text-indent:36pt;margin:0pt;"><span style="font-style:normal;">Certain amounts included in the December 31, 2021 consolidated financial statements have been reclassified to conform to the December 31, 2022 presentation.</span></p>
CY2022Q4 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
4728724
CY2022Q4 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
14850839
CY2022Q4 us-gaap Debt Securities
DebtSecurities
4996899
CY2022Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
24576462
CY2022Q4 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
5216149
CY2021Q4 sach Stocks And Exchange Traded Funds Fair Value Disclosure
StocksAndExchangeTradedFundsFairValueDisclosure
10618756
CY2021Q4 sach Mutual Funds Fair Value Disclosure
MutualFundsFairValueDisclosure
27370857
CY2021Q4 us-gaap Debt Securities
DebtSecurities
22644048
CY2021Q4 us-gaap Investments Fair Value Disclosure
InvestmentsFairValueDisclosure
60633661
CY2021Q4 sach Real Estate Owned Fair Value Disclosure
RealEstateOwnedFairValueDisclosure
6559010
CY2021Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
476016
CY2020Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
25992
CY2022Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
561490
CY2021Q4 us-gaap Debt Securities Available For Sale Accumulated Gross Unrealized Gain Loss Before Tax
DebtSecuritiesAvailableForSaleAccumulatedGrossUnrealizedGainLossBeforeTax
476016
CY2022 sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
300277303
CY2021 sach Payments To Acquire Mortgage Receivable
PaymentsToAcquireMortgageReceivable
251832318
CY2022 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
131840244
CY2021 sach Proceeds From Collection Of Mortgage Receivable
ProceedsFromCollectionOfMortgageReceivable
115147409
CY2022Q4 srt Mortgage Loans On Real Estate Face Amount Of Mortgages
MortgageLoansOnRealEstateFaceAmountOfMortgages
27315000
CY2022 sach Mortgage Loans On Real Estate Default Interest Rate
MortgageLoansOnRealEstateDefaultInterestRate
0.18
CY2022 sach Impairment Loss On Mortgage Loans Receivable
ImpairmentLossOnMortgageLoansReceivable
105000
CY2021 sach Impairment Loss On Mortgage Loans Receivable
ImpairmentLossOnMortgageLoansReceivable
0
CY2021Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
292301209
CY2022Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
460633268
CY2022Q4 sach Maturities Of Mortgage Receivable Year One
MaturitiesOfMortgageReceivableYearOne
61562418
CY2022Q4 sach Maturities Of Mortgage Receivable Year Two
MaturitiesOfMortgageReceivableYearTwo
311297247
CY2022Q4 sach Maturities Of Mortgage Receivable Year Three
MaturitiesOfMortgageReceivableYearThree
85968294
CY2022Q4 sach Maturities Of Mortgage Receivable Year Four
MaturitiesOfMortgageReceivableYearFour
1699500
CY2022Q4 sach Maturities Of Mortgage Receivable Year Five And Thereafter
MaturitiesOfMortgageReceivableYearFiveAndThereafter
105809
CY2022Q4 us-gaap Mortgage Loans On Real Estate Commercial And Consumer Net
MortgageLoansOnRealEstateCommercialAndConsumerNet
460633268
CY2022 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
444
CY2022 sach Mortgage Loans In Process Of Foreclosure
MortgageLoansInProcessOfForeclosure
40
CY2021 srt Mortgage Loans On Real Estate Number Of Loans
MortgageLoansOnRealEstateNumberOfLoans
520
CY2021 sach Mortgage Loans In Process Of Foreclosure
MortgageLoansInProcessOfForeclosure
16
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5216149
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6559010
CY2021Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0
CY2022Q4 us-gaap Real Estate Owned Valuation Allowance
RealEstateOwnedValuationAllowance
0
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
799909
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
719000
CY2021 sach Gross Proceeds From Sale Of Securities
GrossProceedsFromSaleOfSecurities
156800000
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6559010
CY2020Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
8861609
CY2022 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
1376733
CY2021 us-gaap Transfer To Other Real Estate
TransferToOtherRealEstate
685700
CY2022 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
126442
CY2021 us-gaap Payments To Acquire Other Investments
PaymentsToAcquireOtherInvestments
296173
CY2022 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
2090879
CY2021 us-gaap Proceeds From Sale Of Real Estate Heldforinvestment
ProceedsFromSaleOfRealEstateHeldforinvestment
2399557
CY2022 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
799909
CY2021 us-gaap Impairment Of Real Estate
ImpairmentOfRealEstate
719000
CY2022 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
44752
CY2021 us-gaap Gains Losses On Sales Of Investment Real Estate
GainsLossesOnSalesOfInvestmentRealEstate
-165915
CY2022Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
5216149
CY2021Q4 us-gaap Real Estate Investment Property At Cost
RealEstateInvestmentPropertyAtCost
6559010
CY2022Q4 us-gaap Rental Properties
RentalProperties
801394
CY2022Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
4414755
CY2021Q4 us-gaap Rental Properties
RentalProperties
786302
CY2021Q4 us-gaap Real Estate Heldforsale
RealEstateHeldforsale
5772708
CY2022 sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
5
CY2022 sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
-44752
CY2021 sach Number Of Real Estate Properties Sold Held For Sale
NumberOfRealEstatePropertiesSoldHeldForSale
10
CY2021 sach Gain Loss On Sale Of Real Estate Properties
GainLossOnSaleOfRealEstateProperties
165915
CY2022Q4 sach Number Of Real Estate Properties Held For Rental
NumberOfRealEstatePropertiesHeldForRental
1
CY2022 sach Real Estate Lease Term
RealEstateLeaseTerm
P5Y
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Next Twelve Months
LessorOperatingLeasePaymentsToBeReceivedNextTwelveMonths
53200
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Two Years
LessorOperatingLeasePaymentsToBeReceivedTwoYears
53200
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Three Years
LessorOperatingLeasePaymentsToBeReceivedThreeYears
53200
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received Four Years
LessorOperatingLeasePaymentsToBeReceivedFourYears
53200
CY2022Q4 us-gaap Lessor Operating Lease Payments To Be Received
LessorOperatingLeasePaymentsToBeReceived
212800
CY2022 sach Threshold Percentage Of Taxable Income To Prohibit Distribution
ThresholdPercentageOfTaxableIncomeToProhibitDistribution
0.90
CY2022 sach Threshold Asset Coverage Ratio
ThresholdAssetCoverageRatio
1.50
CY2022 sach Period Of Written Notice To Redeem Notes Without Premium Or Penalty
PeriodOfWrittenNoticeToRedeemNotesWithoutPremiumOrPenalty
P30D
CY2022Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
1439219
CY2021Q4 us-gaap Accounts Payable And Accrued Liabilities Current And Noncurrent
AccountsPayableAndAccruedLiabilitiesCurrentAndNoncurrent
697403
CY2022Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
410373
CY2021Q4 us-gaap Prepaid Expense Current And Noncurrent
PrepaidExpenseCurrentAndNoncurrent
271291
CY2022Q4 us-gaap Other Receivables
OtherReceivables
3519804
CY2021Q4 us-gaap Other Receivables
OtherReceivables
94108
CY2022Q4 us-gaap Other Assets Current
OtherAssetsCurrent
477048
CY2021Q4 us-gaap Other Assets Current
OtherAssetsCurrent
306440
CY2022Q4 us-gaap Goodwill
Goodwill
391000
CY2022Q4 us-gaap Finite Lived Trade Names Gross
FiniteLivedTradeNamesGross
130400
CY2022Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
54548
CY2021Q4 us-gaap Deferred Costs Current And Noncurrent
DeferredCostsCurrentAndNoncurrent
264451
CY2022Q4 us-gaap Other Assets
OtherAssets
4983173
CY2021Q4 us-gaap Other Assets
OtherAssets
936290
CY2020 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0175
CY2022 us-gaap Debt Instrument Basis Spread On Variable Rate1
DebtInstrumentBasisSpreadOnVariableRate1
0.0575
CY2022Q4 us-gaap Line Of Credit
LineOfCredit
3587894
CY2022 sach Debt Instrument Amortization Period
DebtInstrumentAmortizationPeriod
P20Y
CY2021 sach Term Of Federal Home Loan Bank Of Boston Classic Advance Rate
TermOfFederalHomeLoanBankOfBostonClassicAdvanceRate
P5Y
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.0852
CY2022 sach Debt Instrument Number Of First Line Mortgage Loans
DebtInstrumentNumberOfFirstLineMortgageLoans
32
CY2022Q4 us-gaap Debt Instrument Repurchase Amount
DebtInstrumentRepurchaseAmount
77800000
CY2022 sach Gross Proceeds From Sale Of Securities
GrossProceedsFromSaleOfSecurities
162419000
CY2022 sach Net Proceeds From Sale Of Securities
NetProceedsFromSaleOfSecurities
157600000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Two
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearTwo
58163000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Three
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearThree
56363750
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Four
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFour
51750000
CY2022Q4 us-gaap Long Term Debt Maturities Repayments Of Principal In Year Five
LongTermDebtMaturitiesRepaymentsOfPrincipalInYearFive
122125000
CY2022Q4 us-gaap Long Term Debt
LongTermDebt
288401750
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8352597
CY2022Q4 us-gaap Notes Payable
NotesPayable
280049153
CY2022Q4 sach Estimated Amortization Of Deferred Financing Costs In Next Twelve Months
EstimatedAmortizationOfDeferredFinancingCostsInNextTwelveMonths
2304107
CY2022Q4 sach Estimated Amortization Of Deferred Financing Costs In Year Two
EstimatedAmortizationOfDeferredFinancingCostsInYearTwo
2336228
CY2022Q4 sach Estimated Amortization Of Deferred Financing Costs In Year Three
EstimatedAmortizationOfDeferredFinancingCostsInYearThree
1807606
CY2022Q4 sach Estimated Amortization Of Deferred Financing Costs In Year Four
EstimatedAmortizationOfDeferredFinancingCostsInYearFour
1410319
CY2022Q4 sach Estimated Amortization Of Deferred Financing Costs In Year Five
EstimatedAmortizationOfDeferredFinancingCostsInYearFive
494337
CY2022Q4 us-gaap Deferred Finance Costs Net
DeferredFinanceCostsNet
8352597
CY2022Q4 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
1109789
CY2021Q4 sach Accounts Payable And Accrued Liabilities Other Than Notes And Interest
AccountsPayableAndAccruedLiabilitiesOtherThanNotesAndInterest
501753
CY2022Q4 us-gaap Other Notes Payable
OtherNotesPayable
6014
CY2021Q4 us-gaap Other Notes Payable
OtherNotesPayable
30921
CY2022Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
323416
CY2021Q4 us-gaap Interest Payable Current And Noncurrent
InterestPayableCurrentAndNoncurrent
164729
CY2022 sach Late And Other Fees Income
LateAndOtherFeesIncome
415728
CY2021 sach Late And Other Fees Income
LateAndOtherFeesIncome
519087
CY2022 sach Income From Processing Fees
IncomeFromProcessingFees
194000
CY2021 sach Income From Processing Fees
IncomeFromProcessingFees
193492
CY2022 sach Rental Income Loss Net
RentalIncomeLossNet
65847
CY2021 sach Rental Income Loss Net
RentalIncomeLossNet
30663
CY2022 sach Extension Fees
ExtensionFees
666036
CY2021 sach Extension Fees
ExtensionFees
318922
CY2022 sach Other Fees
OtherFees
316407
CY2021 sach Other Fees
OtherFees
203919
CY2022 sach Income From Legal Fees
IncomeFromLegalFees
321555
CY2021 sach Income From Legal Fees
IncomeFromLegalFees
254150
CY2022 us-gaap Other Income
OtherIncome
989544
CY2021 us-gaap Other Income
OtherIncome
779737
CY2022 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
2969117
CY2021 us-gaap Interest And Fee Income Other Loans
InterestAndFeeIncomeOtherLoans
2299970
CY2022Q4 us-gaap Deferred Revenue
DeferredRevenue
4360452
CY2022Q4 us-gaap Other Commitment Due In Next Twelve Months
OtherCommitmentDueInNextTwelveMonths
3851834
CY2022Q4 us-gaap Other Commitment Due In Second Year
OtherCommitmentDueInSecondYear
508618
CY2022 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
0
CY2021 us-gaap Amortization Of Deferred Loan Origination Fees Net
AmortizationOfDeferredLoanOriginationFeesNet
930
CY2022 sach Legal Fees And Registration Related Costs
LegalFeesAndRegistrationRelatedCosts
452000
CY2022 sach Employment Agreements Description
EmploymentAgreementsDescription
(i) the employment term is five years with extensions for successive one-year periods unless either party provides written notice at least 180 days prior to the next anniversary date of its intention to not renew the agreement; (ii) a base salary of $260,000, which was increased in April 2018, April 2021 and April 2022 to $360,000, $500,000 and $750,000, respectively; (iii) incentive compensation in such amount as determined by the Compensation Committee of the Company’s Board of Directors; (iv) participation in the Company’s employee benefit plans; (v) full indemnification to the extent permitted by law; (vi) a two-year non-competition period following the termination of employment without cause; and (vii) payments upon termination of employment or a change in control
CY2017Q1 us-gaap Officers Compensation
OfficersCompensation
260000
CY2018Q2 us-gaap Officers Compensation
OfficersCompensation
360000
CY2021Q2 us-gaap Officers Compensation
OfficersCompensation
500000
CY2022Q2 us-gaap Officers Compensation
OfficersCompensation
750000
CY2022Q3 us-gaap Officers Compensation
OfficersCompensation
325000
CY2022 sach Number Of Mortgage Properties
NumberOfMortgageProperties
1
CY2022Q4 sach Amount Of Mortgage Receivable
AmountOfMortgageReceivable
105000
CY2017Q4 sach Number Of Public Offerings
NumberOfPublicOfferings
2
CY2018Q2 us-gaap Defined Contribution Plan Employer Matching Contribution Percent Of Match
DefinedContributionPlanEmployerMatchingContributionPercentOfMatch
0.03
CY2022 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
92831
CY2021 us-gaap Defined Contribution Plan Employer Discretionary Contribution Amount
DefinedContributionPlanEmployerDiscretionaryContributionAmount
47164
CY2022Q4 sach Investment In Partnership Total Representing Three Limited Liability Companies
InvestmentInPartnershipTotalRepresentingThreeLimitedLiabilityCompanies
30800000
CY2022Q4 sach Number Of Limited Liability Companies Managed By Commercial Real Estate Finance Company
NumberOfLimitedLiabilityCompaniesManagedByCommercialRealEstateFinanceCompany
4
CY2022Q4 sach Number Of Limited Liability Companies Managed By Commercial Real Estate Finance Company
NumberOfLimitedLiabilityCompaniesManagedByCommercialRealEstateFinanceCompany
4
CY2022 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
1809564
CY2021 sach Equity Securities Fvni Gain Loss.
EquitySecuritiesFvniGainLoss.
142026
CY2022Q4 sach Unfunded Partnership Commitments
UnfundedPartnershipCommitments
4000000.0

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sach-20221231x10k_htm.xml Edgar Link completed