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                                  UNITED STATES
                       SECURITIES AND EXCHANGE COMMISSION
                             Washington, D.C. 20549

                                    FORM 8-K

                                 CURRENT REPORT
     PURSUANT TO SECTION 13 OR 15(D) OF THE SECURITIES EXCHANGE ACT OF 1934

Date of Report (Date of earliest event reported) March 5, 2009

             American Church Mortgage Company
--------------------------------------------------------------------------------
             (Exact name of registrant as specified in its charter)

              Minnesota                 33-87570              41-1793975
--------------------------------------------------------------------------------
    (State or other jurisdiction      (Commission           (IRS Employer
          of incorporation)           File Number)       Identification No.)

    10237 Yellow Circle Drive, Minnetonka, MN                              55343
--------------------------------------------------------------------------------
(Address of principal executive offices)                              (Zip Code)

Registrant's telephone number, including area code (952) 945-9455

--------------------------------------------------------------------------------
         (Former name or former address, if changed since last report.)

Check  the  appropriate  box  below  if the  Form  8-K  filing  is  intended  to
simultaneously  satisfy the filing obligation of the registrant under any of the
following provisions (see General Instructions A.2. below):

[ ]   Written communications pursuant to Rule 425 under  the  Securities Act (17
      CFR 230.425)

[ ]   Soliciting  material  pursuant to Rule 14a-12 under  the  Exchange Act (17
      CFR 240.14a-12)

[ ]   Pre-commencement  communications  pursuant  to  Rule  14d-2(b)  under  the
      Exchange Act (17 CFR 240.14d-2(b))

[ ]   Pre-commencement  communications  pursuant  to  Rule  13e-4(c)  under  the
      Exchange Act (17 CFR 240.13e-4(c))

<PAGE>

ITEM 4.02.  NON-RELIANCE ON PREVIOUSLY ISSUED FINANCIAL  STATEMENTS OR A RELATED
AUDIT REPORT OR COMPLETED INTERIM REVIEW.

American Church Mortgage Company's (ACMC) previously issued financial statements
are  being  restated  based  on an  internal  review  of its  previously  issued
financial  statements,  which was prompted by an SEC comment during their review
of the Company's  Form S-11 filing on October 29, 2008. On March 5, 2009,  after
review of the comment and further analysis,  ACMC determined that it incorrectly
excluded  interest expense from operating income in the following  quarterly and
annual filings:

      o     Form  10-KSB for the fiscal year ended  December  31, 2007 and 2006,
            filed March 28, 2008 (as amended  April 29,  2008,  December 5, 2008
            and March 5, 2009)

      o     Form 10-Q for the fiscal quarter ended March 31, 2008, filed May 15,
            2008 (as amended December 5, 2008 and March 5, 2009)

      o     Form 10-Q for the fiscal  quarter ended June 30, 2008,  filed August
            14, 2008 (as amended August 20, 2008,  December 5, 2008 and March 5,
            2009)

      o     Form 10-Q for the fiscal  quarter ended  September  30, 2008,  filed
            November 14, 2008 (as amended December 5, 2008 and March 5, 2009)

As a result,  on March 5, 2009,  management  of the Company  recommended  to the
Chairman of the Audit  Committee  that the Company  correct the above annual and
quarterly  financial  statements  and  applicable  reports  of  its  independent
registered public  accounting firm.  Management has discussed these matters with
Boulay,  Heutmaker,  Zibell & Co.  P.L.L.P.,  the Company's  independent  public
accounting firm.

The effect was having operating income  overstated for the periods  presented as
it did not include interest expense.  The Company notes the restatement is being
made solely to  reclassify  this amount.  As such,  the  Company's  reported net
income,   stockholders  equity,  and  cash  flows  for  the  restated  financial
statements have not changed.

The following are  explanations of the restatement  adjustments and presentation
of the affected accounts on the statements of operations.

STATEMENT OF OPERATIONS FOR THE YEAR ENDED DECEMBER 31, 2007 AND 2006
---------------------------------------------------------------------

The  Company  restated  and  reduced  its  operating  income by  $1,778,715  and
$1,724,986  and  restated  and reduced  its other  expenses  by  $1,778,715  and
$1,724,986 for the years ended December 31, 2007 and 2006, respectively,  as the
Company determined that it incorrectly  excluded interest expense from operating
income.

STATEMENT OF OPERATIONS FOR THE PERIODS ENDED MARCH 31, 2008 AND 2007
---------------------------------------------------------------------

The Company  restated and reduced its operating  income by $430,514 and $452,490
and  restated  and reduced its other  expenses by $430,514  and $452,490 for the
three  months  ended March 31, 2008 and 2007 as the Company  determined  that it
incorrectly excluded interest expense from operating income.

STATEMENT OF OPERATIONS FOR THE PERIODS ENDED JUNE 30, 2008 AND 2007
---------------------------------------------------------------------

The Company  restated and reduced its operating  income by $854,916 and $903,769
and restated and reduced its other expenses by $854,916 and $903,769 for the six
months ended June 30, 2008 and 2007,  resepectively.  Additionally,  the Company
restated and reduced its operating  income by $418,012 and $451,279 and restated
and reduced its other  expenses by $418,012  and  $451,279  for the three months
ended June 30, 2008 and 2007, respectively.  These changes were necessary as the
Company determined that it incorrectly  excluded interest expense from operating
income.

STATEMENT OF OPERATIONS FOR THE PERIODS ENDED SEPTEMBER 30, 2008 AND 2007
-------------------------------------------------------------------------

The  Company  restated  and  reduced  its  operating  income by  $1,286,118  and
$1,334,115  and  restated  and reduced  its other  expenses  by  $1,286,118  and
$1,334,115 for the nine months ended September 30, 2008 and 2007,  respectively.
Additionally,  the Company restated and reduced its operating income by $437,592
and  $430,345  and  restated  and  reduced its other  expenses  by $437,592  and

<PAGE>

$430,345 for the three months ended  September 30, 2008 and 2007,  respectively.
These  changes were  necessary  as the Company  determined  that it  incorrectly
excluded interest expense from operating income.

Based on the continued  assessment  and  evaluation  of the  Company's  internal
control  over  financial  reporting,  the  Company  believes  it has a  material
weakness  due  to  the  restatement  of  financial  statements.  Based  on  this
continuing  evaluation,  our Chief Executive Officer and Chief Financial Officer
concluded  that  the  Company's  disclosure  controls  were not  effective  at a
reasonable assurance level due to the material weakness in internal control over
financial  reporting.  The Company  continues  to review and  evaluate  internal
controls to improve  internal  control over  financial  reporting and disclosure
controls.

The Company restated the annual  financial  statements for the fiscal year ended
December  31, 2007 and 2006,  and the  quarterly  financial  statements  for the
fiscal quarters ended March 31, 2008, June 30, 2008 and September 30, 2008 on or
before March 5, 2009.

                                        3

<PAGE>

                                   SIGNATURES

      Pursuant to the  requirements of the Securities  Exchange Act of 1934, the
registrant  has duly  caused  this  report  to be  signed  on its  behalf by the
undersigned hereunto duly authorized.

                                        American Church Mortgage Company

Date:  March 25, 2009

                                        By /s/ Philip J. Myers
                                           -----------------------------
                                           Chief Executive Officer and
                                           Chief Financial Officer