v3.23.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($) |
Jun. 30, 2023 |
Dec. 31, 2022 |
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| Assets: | |||||
| Cash and cash equivalents | $ 59,246,152 | $ 51,188,416 | |||
| Restricted cash | 45,764,758 | 41,448,840 | |||
| Interest receivable, net | 10,315,367 | 11,628,173 | |||
| Mortgage revenue bonds held in trust, at fair value (Note 6) | 885,677,292 | 763,208,945 | |||
| Mortgage revenue bonds, at fair value (Note 6) | 20,286,687 | 36,199,059 | |||
| Governmental issuer loans: | |||||
| Governmental issuer loans held in trust (Note 7) | 304,009,903 | 300,230,435 | |||
| Allowance for credit losses (Note 13) | (1,837,000) | ||||
| Governmental issuer loans, net | 302,172,903 | 300,230,435 | |||
| Property loans: | |||||
| Property loans outstanding principal | 145,138,262 | 175,604,711 | [1] | ||
| Allowance for credit losses (Note 13) | (2,235,000) | (495,000) | |||
| Property loans, net | 142,903,262 | 175,109,711 | |||
| Investments in unconsolidated entities (Note 9) | 106,295,533 | 115,790,841 | |||
| Real estate assets, net (Note 10) | 35,563,000 | 36,550,478 | |||
| Other assets (Note 12) | 48,458,219 | 35,774,667 | |||
| Total Assets | 1,656,683,173 | 1,567,129,565 | |||
| Liabilities: | |||||
| Accounts payable, accrued expenses and other liabilities (Note 14) | 22,468,434 | 21,733,506 | |||
| Distribution payable | 9,322,108 | 10,899,677 | |||
| Secured lines of credit (Note 15) | 12,500,000 | 55,500,000 | |||
| Debt financing, net (Note 16) | 1,154,029,163 | 1,058,903,952 | |||
| Mortgages payable and other secured financing, net (Note 17) | 1,690,000 | 1,690,000 | |||
| Total Liabilities | 1,200,009,705 | 1,148,727,135 | |||
| Commitments and Contingencies (Note 19) | |||||
| Redeemable Preferred Units, $112.5 million redemption value, 11.3 million issued and outstanding, net (Note 20) | 112,421,303 | 94,446,913 | |||
| Partnersʼ Capital: | |||||
| General Partner (Note 1) | 488,564 | 285,571 | |||
| Beneficial Unit Certificates ("BUCs," Note 1) | 343,763,601 | 323,669,946 | |||
| Total Partnersʼ Capital | 344,252,165 | 323,955,517 | |||
| Total Liabilities and Partnersʼ Capital | $ 1,656,683,173 | $ 1,567,129,565 | |||
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- Definition This element represents the portion of the balance sheet assertion valued at fair value by the entity, which is held in a mortgage-backed security, whether such amount is presented as a separate caption or as a parenthetical disclosure. Additionally, this element may by used in connection with the fair value disclosures required in the footnote disclosures to the financial statements. The element may be used in both the balance sheet and disclosure in the same submission. This item represents Available-for-sale Securities which consist of all investments in certain debt and equity securities neither classified as trading or held-to-maturity securities. A debt security represents a creditor relationship with an enterprise. Debt securities include, among other items, US Treasury securities, US government securities, municipal securities, corporate bonds, convertible debt, commercial paper, and all securitized debt instruments. An equity security represents an ownership interest in an enterprise or the right to acquire or dispose of an ownership interest in an enterprise at fixed or determinable prices. Equity securities include, among other things, common stock, certain preferred stock, warrant rights, call options, and put options, but do not include convertible debt. An entity may opt to provide the reader with additional narrative text to better understand the nature of investments in debt and equity securities which are categorized as Available-for-sale. No definition available.
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- Definition Debt financing liabilities net. No definition available.
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- Definition Governmental issuer loans. No definition available.
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- Definition Governmental issuer loans. No definition available.
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- Definition Governmental issuer loans, allowance for credit losses. No definition available.
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- Definition Governmental issuer loans held in trust. No definition available.
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- Definition Mortgages payable and other secured financing, net. No definition available.
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- Definition Property loan receivable, gross - Amount before allowance of loans held in portfolio. Includes principal only. No definition available.
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- Definition Property loan receivable, net. No definition available.
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- Definition Property loans, allowance for credit losses. No definition available.
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- Definition Property loans receivable. No definition available.
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- Definition Secured line of credit. No definition available.
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- Definition Sum of the carrying values as of the balance sheet date of obligations incurred through that date, including liabilities incurred and payable to vendors for goods and services received, taxes, interest, rent and utilities, compensation costs, payroll taxes and fringe benefits (other than pension and postretirement obligations), contractual rights and obligations, and statutory obligations. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Represents the caption on the face of the balance sheet to indicate that the entity has entered into (1) purchase or supply arrangements that will require expending a portion of its resources to meet the terms thereof, and (2) is exposed to potential losses or, less frequently, gains, arising from (a) possible claims against a company's resources due to future performance under contract terms, and (b) possible losses or likely gains from uncertainties that will ultimately be resolved when one or more future events that are deemed likely to occur do occur or fail to occur. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after allowance for credit loss, of investment in debt security measured at fair value with change in fair value recognized in other comprehensive income (available-for-sale), investment in debt security measured at amortized cost (held-to-maturity), and investment in debt security measured at fair value with change in fair value recognized in net income (trading). No definition available.
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- Definition Carrying value as of the balance sheet date of dividends declared but unpaid on equity securities issued by the entity and outstanding. Used to reflect the current portion of the liabilities (due within one year or within the normal operating cycle if longer). Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition This item represents the carrying amount on the entity's balance sheet of its investment in common stock of an equity method investee. This is not an indicator of the fair value of the investment, rather it is the initial cost adjusted for the entity's share of earnings and losses of the investee, adjusted for any distributions (dividends) and other than temporary impairment (OTTI) losses recognized. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of the general partner's ownership interest. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount as of the balance sheet date of interest earned but not received. Also called accrued interest or accrued interest receivable. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount of liabilities and equity items, including the portion of equity attributable to noncontrolling interests, if any. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The amount of the limited partners' ownership interests. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of assets classified as other. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of ownership interest of different classes of partners in limited partnership. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- References No definition available.
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- Definition Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount of cash and cash equivalents restricted as to withdrawal or usage, classified as current. Cash includes, but is not limited to, currency on hand, demand deposits with banks or financial institutions, and other accounts with general characteristics of demand deposits. Cash equivalents include, but are not limited to, short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Carrying amount, attributable to parent, of an entity's issued and outstanding stock which is not included within permanent equity. Temporary equity is a security with redemption features that are outside the control of the issuer, is not classified as an asset or liability in conformity with GAAP, and is not mandatorily redeemable. Includes any type of security that is redeemable at a fixed or determinable price or on a fixed or determinable date or dates, is redeemable at the option of the holder, or has conditions for redemption which are not solely within the control of the issuer. Includes stock with a put option held by an ESOP and stock redeemable by a holder only in the event of a change in control of the issuer. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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