v3.25.3
Condensed Consolidated Statements of Operations (Unaudited) - USD ($) |
3 Months Ended | 9 Months Ended | |||||
|---|---|---|---|---|---|---|---|
Sep. 30, 2025 |
Sep. 30, 2024 |
Sep. 30, 2025 |
Sep. 30, 2024 |
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| Revenues: | |||||||
| Investment income | $ 18,301,211 | $ 21,820,973 | $ 61,004,197 | $ 60,920,706 | |||
| Other interest income | 3,106,309 | 2,235,339 | 7,952,738 | 7,309,664 | |||
| Contingent interest income | 208,059 | ||||||
| Other income | 269,890 | 289,238 | 1,228,715 | 455,005 | |||
| Total revenues | 21,677,410 | 24,345,550 | 70,393,709 | 68,685,375 | |||
| Expenses: | |||||||
| Provision for credit losses (Note 10) | 534,084 | (226,000) | 9,414,818 | (1,012,308) | |||
| Depreciation | 1,335 | 5,967 | 7,523 | 17,900 | |||
| Interest expense | 13,140,392 | 15,489,187 | 41,500,896 | 44,191,387 | |||
| Net result from derivative transactions (Note 15) | (100,147) | 7,897,016 | 4,315,206 | (255,582) | |||
| General and administrative | 4,816,648 | 5,112,958 | 14,061,774 | 14,864,773 | |||
| Total expenses | 18,392,312 | 28,279,128 | 69,300,217 | 57,806,170 | |||
| Other Income: | |||||||
| Gain on sale of real estate assets | 63,739 | ||||||
| Gain on sale of mortgage revenue bond | 1,012,581 | ||||||
| Gain on sale of investments in unconsolidated entities | 200,736 | 56,986 | |||||
| Earnings (losses) from investments in unconsolidated entities | (1,318,993) | (704,096) | (3,078,320) | (825,652) | |||
| Income (loss) before income taxes | 1,966,105 | (4,637,674) | (1,784,092) | 11,186,859 | |||
| Income tax benefit | (2,050) | (1,967) | (7,545) | (3,951) | |||
| Net income (loss) | 1,968,155 | (4,635,707) | (1,776,547) | 11,190,810 | |||
| Redeemable Preferred Unit distributions and accretion | (1,029,641) | (741,476) | (2,819,969) | (2,250,194) | |||
| Net income (loss) available to Partners | 938,514 | (5,377,183) | (4,596,516) | 8,940,616 | |||
| Net income (loss) available to Partners allocated to: | |||||||
| General Partner | 9,385 | (53,772) | 42,799 | 88,836 | |||
| Net income (loss) available to Partners and noncontrolling interest | $ 938,514 | $ (5,377,183) | $ (4,596,516) | $ 8,940,616 | |||
| BUC holders' interest in net income (loss) per BUC, basic | $ 0.03 | $ (0.23) | $ (0.21) | $ 0.38 | [1] | ||
| BUC holders' interest in net income (loss) per BUC, diluted | $ 0.03 | $ (0.23) | $ (0.21) | $ 0.38 | [1] | ||
| Weighted average number of BUCs outstanding, basic | 23,171,226 | 23,085,261 | 23,171,226 | 23,056,467 | [1] | ||
| Weighted average number of BUCs outstanding, diluted | 23,171,226 | 23,085,261 | 23,171,226 | 23,056,467 | [1] | ||
| Beneficial Unit Certificate Holders [Member] | |||||||
| Net income (loss) available to Partners allocated to: | |||||||
| Limited Partners | $ 800,606 | $ (5,399,340) | $ (4,900,780) | $ 8,649,222 | |||
| Restricted Unitholders [Member] | |||||||
| Net income (loss) available to Partners allocated to: | |||||||
| Limited Partners | $ 128,523 | $ 75,929 | $ 261,465 | $ 202,558 | |||
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| X | ||||||||||
- Definition Interest income earned upon redemption of an Available-for-Sale security. No definition available.
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- Definition Gain (loss) from investments in unconsolidated entities. No definition available.
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- Definition Gain or loss on sale of investment in unconsolidated entity. No definition available.
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- Definition Amount of Net Income (Loss) attributable to common stockholders noncontrolling interest. No definition available.
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- Definition Total costs of sales and operating expenses for the period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of expense recognized in the current period that reflects the allocation of the cost of tangible assets over the assets' useful lives. Includes production and non-production related depreciation. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The amount of net income (loss) for the period per each share of common stock or unit outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition The amount of net income (loss) for the period available to each share of common stock or common unit outstanding during the reporting period and to each share or unit that would have been outstanding assuming the issuance of common shares or units for all dilutive potential common shares or units outstanding during the reporting period. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- Definition Aggregate net gain (loss) on all derivative instruments recognized in earnings during the period, before tax effects. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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- Definition The gains (losses) included in earnings that represent the difference between the sale price and the carrying value of loans made to finance real estate acquisitions. This element refers to the gain (loss) and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The difference between the carrying value and the sale price of real estate or properties that were intended to be sold or held for capital appreciation or rental income. This element refers to the gain (loss) included in earnings and not to the cash proceeds of the sale. This element is a noncash adjustment to net income when calculating net cash generated by operating activities using the indirect method. Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef
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| X | ||||||||||
- Definition The aggregate total of expenses of managing and administering the affairs of an entity, including affiliates of the reporting entity, which are not directly or indirectly associated with the manufacture, sale or creation of a product or product line. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of current income tax expense (benefit) and deferred income tax expense (benefit) pertaining to continuing operations. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount of interest income (expense) classified as operating. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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| X | ||||||||||
- Definition Amount of operating interest income, including, but not limited to, amortization and accretion of premiums and discounts on securities. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Amount after accretion (amortization) of discount (premium), and investment expense, of interest income and dividend income on nonoperating securities. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- Definition Aggregate amount of net income allocated to general partners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Aggregate amount of net income allocated to limited partners. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition Amount, after deduction of tax, noncontrolling interests, dividends on preferred stock and participating securities; of income (loss) available to common shareholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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- References No definition available.
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- Definition Amount of revenue and income classified as other. Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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- References No definition available.
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| X | ||||||||||
- Definition Amount of credit loss expense (reversal of expense) for financing receivable. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Amount of revenue recognized from goods sold, services rendered, insurance premiums, or other activities that constitute an earning process. Includes, but is not limited to, investment and interest income before deduction of interest expense when recognized as a component of revenue, and sales and trading gain (loss). Reference 1: http://www.xbrl.org/2003/role/exampleRef
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- References No definition available.
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| X | ||||||||||
- Definition Amount of decrease to net income for accretion of temporary equity to its redemption value to derive net income apportioned to common stockholders. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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| X | ||||||||||
- Definition Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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| X | ||||||||||
- Definition Weighted average number of limited partnership units outstanding determined by relating the portion of time within a reporting period that limited partnership units have been outstanding to the total time in that period. Used in the calculation of diluted net income or loss per limited partnership unit. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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