Debt Financing (Tables)

3 Months Ended

Mar. 31, 2013

Debt Financing [Abstract]

Schedule of Debt [Table Text Block]

Tender Option Bond Financings

Description of the Tender Option Bond Financings	Outstanding Debt Financing at March 31, 2013		Stated Maturity
PHC Trust Certificates	$	48,995,000	July 2013
Autumn Pines	9,850,000		July 2013
MBS - Trust 1	2,585,000		October 2013
MBS - Trust 2	4,090,000		October 2013
MBS - Trust 3	3,540,000		October 2013
MBS - Trust 4	5,960,000		October 2013
MBS - Trust 5	10,545,000		October 2013
Greens of Pine Glen	5,745,000		December 2013
Arbors of Hickory Ridge	7,000,000		February 2013
Total TOB Debt Financing	$	98,310,000
Description of the Tender Option Bond Financings	Outstanding Debt Financing at December 31, 2012		Stated Maturity
PHC Trust Certificates	$	48,995,000	July 2013
Autumn Pines	9,850,000		July 2013
MBS - Trust 1	2,585,000		October 2013
MBS - Trust 2	4,090,000		October 2013
MBS - Trust 3	3,890,000		October 2013
MBS - Trust 4	5,960,000		October 2013
MBS - Trust 5	8,590,000		October 2013
Total TOB Debt Financing	$	83,960,000

Schedule of Maturities of Long-term Debt [Table Text Block]

e Company’s debt financing as of March 31, 2013 contractually matures over the next five years and thereafter as follows: 

2013	$	92,173,000
2014	10,198,900
2015	1,139,000
2016	1,192,000
2017	89,565,000
Thereafter	—
Total	$	194,267,900

The Company’s mortgages payable as of March 31, 2013 contractually mature over the next five years and thereafter as follows:

2013	$	13,285,331
2014	17,661,871
2015	6,118,840
2016	7,500,000
2017	1,991,979
Thereafter	—
Total	$	46,558,021

Schedule of Financial Instruments Owned and Pledged as Collateral [Table Text Block]

The par value of the bonds included in this financing facility as of March 31, 2013 and December 31, 2012 are as follows:

Description of Tax-Exempt	Outstanding Bond Par Amounts
Mortgage Revenue Bonds	March 31, 2013		December 31, 2012		Financial Statement Presentation
Ashley Square	$	5,248,000	$	5,260,000	Tax-exempt mortgage revenue bond
Bella Vista	6,600,000		6,600,000		Tax-exempt mortgage revenue bond
Bent Tree	7,596,000		7,614,000		Consolidated VIE
Bridle Ridge	7,740,000		7,765,000		Tax-exempt mortgage revenue bond
Brookstone	9,397,647		9,416,794		Tax-exempt mortgage revenue bond
Cross Creek	8,551,193		8,568,409		Tax-exempt mortgage revenue bond
Fairmont Oaks	7,418,000		7,439,000		Consolidated VIE
Lake Forest	9,078,000		9,105,000		Consolidated VIE
Runnymede	10,605,000		10,605,000		Tax-exempt mortgage revenue bond
Southpark	13,900,000		13,900,000		Tax-exempt mortgage revenue bond
Woodlynn Village	4,460,000		4,460,000		Tax-exempt mortgage revenue bond
Ohio Series A Bond (1)	14,561,000		14,582,000		Consolidated MF Property
Villages at Lost Creek	18,315,000		18,315,000		Tax-exempt mortgage revenue bond
Total	$	123,469,840	$	124,648,502

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