Segments (Tables)

12 Months Ended

Dec. 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 year ended December 31, 2022 and 2021:

	For the Years Ended December 31,
	2022			2021
Total revenues
Affordable Multifamily MRB Investments	$	63,374,549		$	46,198,552
Seniors and Skilled Nursing MRB Investments		713,036			77,979
Market-Rate Joint Venture Investments		9,130,486			14,967,102
MF Properties		7,855,506			7,208,661
Total revenues	$	81,073,577		$	68,452,294
Interest expense
Affordable Multifamily MRB Investments	$	28,544,715		$	20,382,143
Seniors and Skilled Nursing MRB Investments		5,750			-
Market-Rate Joint Venture Investments		870,497			428,018
MF Properties		1,043,489			1,133,724
Total interest expense	$	30,464,451		$	21,943,885
Depreciation expense
Affordable Multifamily MRB Investments	$	23,846		$	23,495
Seniors and Skilled Nursing MRB Investments		-			-
Market-Rate Joint Venture Investments		-			-
MF Properties		2,693,569			2,709,427
Total depreciation expense	$	2,717,415		$	2,732,922
Net income (loss)
Affordable Multifamily MRB Investments	$	17,330,756		$	8,619,813
Seniors and Skilled Nursing MRB Investments		704,994			72,020
Market-Rate Joint Venture Investments		48,054,241			30,055,826
MF Properties		(527,825	)		(648,171	)
Net income	$	65,562,166		$	38,099,488

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

	December 31, 2022			December 31, 2021
Total assets
Affordable Multifamily MRB Investments	$	1,520,609,550		$	1,304,626,248
Seniors and Skilled Nursing MRB Investments		3,551,307			13,533,020
Market-Rate Joint Venture Investments		120,089,351			112,052,513
MF Properties		41,699,828			66,501,994
Consolidation/eliminations		(118,820,471	)		(110,804,292	)
Total assets	$	1,567,129,565		$	1,385,909,483