Korth Direct Mortgage Files 2024 10-K
| Field | Detail |
|---|---|
| Company | Korth Direct Mortgage Inc. |
| Form Type | 10-K |
| Filed Date | Apr 1, 2025 |
| Risk Level | medium |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-K, financials, mortgage
TL;DR
Korth Direct Mortgage filed its 2024 10-K. Shows 2024 vs 2023 financials.
AI Summary
Korth Direct Mortgage Inc. filed its 2024 10-K report, detailing its financial performance for the fiscal year ending December 31, 2024. The company, based in Coral Gables, Florida, operates in the mortgage banking and loan correspondent sector. The filing provides financial data for the fiscal years 2024 and 2023, including various revenue streams and preferred stock information.
Why It Matters
This filing provides investors and stakeholders with a comprehensive overview of Korth Direct Mortgage's financial health and operational performance for the past fiscal year, crucial for investment decisions.
Risk Assessment
Risk Level: medium — The filing is a standard annual report, but the mortgage industry is subject to significant economic and regulatory risks not detailed in this summary.
Key Numbers
- 2024 — Fiscal Year (Reporting period for the 10-K)
- 2023 — Prior Fiscal Year (Comparative period in the 10-K)
Key Players & Entities
- Korth Direct Mortgage Inc. (company) — Filer of the 10-K report
- 2024-12-31 (date) — Fiscal year end
- 2023-12-31 (date) — Prior fiscal year end
- Coral Gables, Florida (location) — Company business address
- 3056688485 (phone_number) — Company business phone
FAQ
What were the total revenues for Korth Direct Mortgage Inc. in fiscal year 2024?
The filing indicates revenue data for 2024, including Origination Revenue, Service revenue, Underwriting Income, Leasing Revenue, and Other Revenue, but specific total dollar amounts are not provided in this excerpt.
What is the company's SIC code?
The Standard Industrial Classification (SIC) code for Korth Direct Mortgage Inc. is 6162, which corresponds to MORTGAGE BANKERS & LOAN CORRESPONDENTS.
When was Korth Direct Mortgage Inc. formerly known as Korth Direct Mortgage LLC?
The company was formerly known as Korth Direct Mortgage LLC, with a date of name change on 20170126.
What are the details regarding Series A and Series B Preferred Stock for the fiscal years 2023 and 2024?
The filing references SeriesAPreferredStockMember and SeriesBPreferredStockMember for both 2024-12-31 and 2023-12-31, indicating financial data related to these preferred stock classes.
Where is Korth Direct Mortgage Inc. headquartered?
Korth Direct Mortgage Inc. is located at 135 San Lorenzo Ave, Suite 600, Coral Gables, Florida 33146.
Filing Details
This Form 10-K (Form 10-K) was filed with the SEC on April 1, 2025 regarding Korth Direct Mortgage Inc..