Segments (Tables)

3 Months Ended

Mar. 31, 2022

Segment Reporting [Abstract]

Summary of Partnership Reportable Segment Information

The following table details certain financial information for the Partnership’s reportable segments for the three months ended March 31, 2022 and 2021:

	For the Three Months Ended March 31,
	2022			2021
Total revenues
Affordable Multifamily MRB Investments	$	14,133,406		$	10,794,788
Seniors and Skilled Nursing MRB Investments		229,378			-
Market-Rate Joint Venture Investments		2,916,586			1,898,176
MF Properties		1,927,001			1,694,524
Total revenues	$	19,206,371		$	14,387,488
Interest expense
Affordable Multifamily MRB Investments	$	3,472,044		$	4,944,277
Seniors and Skilled Nursing MRB Investments		-			-
Market-Rate Joint Venture Investments		192,324			-
MF Properties		272,763			282,198
Total interest expense	$	3,937,131		$	5,226,475
Depreciation expense
Affordable Multifamily MRB Investments	$	5,962		$	5,811
Seniors and Skilled Nursing MRB Investments		-			-
Market-Rate Joint Venture Investments		-			-
MF Properties		677,700			677,649
Total depreciation expense	$	683,662		$	683,460
Net income (loss)
Affordable Multifamily MRB Investments	$	6,965,555		$	2,549,452
Seniors and Skilled Nursing MRB Investments		228,753			-
Market-Rate Joint Venture Investments		19,162,043			4,706,221
MF Properties		(92,333	)		(262,819	)
Net income	$	26,264,018		$	6,992,854

The following table details total assets for the Partnership’s reportable segments as of March 31, 2022 and December 31, 2021:

	March 31, 2022			December 31, 2021
Total assets
Affordable Multifamily MRB Investments	$	1,320,010,193		$	1,304,626,248
Seniors and Skilled Nursing MRB Investments		12,761,007			13,533,020
Market-Rate Joint Venture Investments		111,842,744			112,052,513
MF Properties		61,702,566			66,501,994
Consolidation/eliminations		(110,414,222	)		(110,804,292	)
Total assets	$	1,395,902,288		$	1,385,909,483