v3.22.2.2
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Sep. 30, 2022
Dec. 31, 2021
Assets:    
Cash and cash equivalents $ 103,203,582 $ 68,285,501
Restricted cash 45,850,046 83,646,969
Interest receivable, net 9,402,254 9,234,412
Mortgage revenue bonds held in trust, at fair value (Note 6) 675,905,519 750,934,848
Mortgage revenue bonds, at fair value (Note 6) 19,163,911 42,574,996
Governmental issuer loans (Note 7) 281,275,255 184,767,450
Real estate assets: (Note 8)    
Land and improvements 7,417,772 7,411,079
Buildings and Improvements 73,921,801 72,998,475
Real estate assets before accumulated depreciation 81,339,573 80,409,554
Accumulated depreciation (22,740,549) (20,701,922)
Net real estate assets 58,599,024 59,707,632
Investments in unconsolidated entities (Note 9) 103,103,246 107,793,522
Property loans, net of loan loss allowances (Note 10) 123,867,490 68,101,268
Other assets (Note 12) 29,716,668 10,862,885
Total Assets 1,450,086,995 1,385,909,483
Liabilities:    
Accounts payable, accrued expenses and other liabilities (Note 13) 16,366,122 13,664,212
Distribution payable 8,312,836 12,757,459
Secured lines of credit (Note 14) 30,942,000 45,714,000
Debt financing, net (Note 15) 962,615,366 820,078,714
Mortgages payable and other secured financing, net (Note 16) 26,230,855 26,824,543
Total Liabilities 1,044,467,179 919,038,928
Commitments and Contingencies (Note 18)
Redeemable Preferred Units, approximately $94.5 million redemption value, 9.5 million issued and outstanding, net (Note 19) 94,452,679 94,458,528
Partnersʼ Capital:    
General Partner (Note 1) 66,795 765,550
Beneficial Unit Certificates ("BUCs," Note 1) 311,100,342 371,646,477
Total Partnersʼ Capital 311,167,137 372,412,027
Total Liabilities and Partnersʼ Capital $ 1,450,086,995 $ 1,385,909,483

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