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Other Assets (Tables)
 9 Months Ended
Sep. 30, 2013
Other Assets [Abstract]  
Schedule of Accounts, Notes, Loans and Financing Receivable [Table Text Block]
The following is a summary of the taxable property loans receivable, accrued interest and loan loss reserves on the amounts due at September 30, 2013 and December 31, 2012, respectively:
 
 
September 30, 2013
 
 
Outstanding Balance
 
Accrued Interest
 
Loan Loss Reserves
 
Net Taxable Property Loans
Arbors at Hickory Ridge
 
$
191,264

 
$
9,837

 
$
—

 
$
201,101

Ashley Square
 
5,058,342

 
1,973,781

 
(5,570,123
)
 
1,462,000

Cross Creek
 
6,756,087

 
1,762,395

 
(5,134,867
)
 
3,383,615

Greens Property
 
876,000

 
101,373

 
(264
)
 
977,109

Ohio Properties
 
2,363,447

 
513,503

 
(158,894
)
 
2,718,056

 
 
$
15,245,140

 
$
4,360,889

 
$
(10,864,148
)
 
$
8,741,881

 
 
 
 
 
 
 
 
 
 
 
December 31, 2012
 
 
Outstanding Balance
 
Accrued Interest
 
Loan Loss Reserves
 
Net Taxable Property Loans
Arbors at Hickory Ridge
 
$
191,264

 
$
697

 
$
—

 
$
191,961

Ashley Square
 
4,894,342

 
1,681,322

 
(5,277,664
)
 
1,298,000

Cross Creek
 
6,588,087

 
1,578,288

 
(4,782,760
)
 
3,383,615

Iona Lakes
 
7,741,118

 
2,856,290

 
(6,857,912
)
 
3,739,496

Woodland Park
 
914,116

 
302,450

 
(1,216,566
)
 
—

 
 
$
20,328,927

 
$
6,419,047

 
$
(18,134,902
)
 
$
8,613,072
Schedule of Other Assets [Table Text Block]
The Company had the following Other assets as of dates shown:
 
 
September 30, 2013
 
December 31, 2012
Taxable property loans receivable
 
$
15,245,140

 
$
20,328,927

Less: Loan loss reserves
 
(10,864,148
)
 
(18,134,902
)
Deferred financing costs - net
 
2,735,065

 
2,764,734

Fair value of derivative contracts
 
867,643

 
378,729

Taxable bonds at fair market value
 
4,139,878

 
1,524,873

Other assets
 
1,229,857

 
1,353,934

 Total Other assets
 
$
13,353,435

 
$
8,216,295
Schedule of Credit Losses for Financing Receivables, Current [Table Text Block]
The following is a detail of loan loss reserves for the nine months and year ended September 30, 2013 and December 31, 2012:
 
 
September 30, 2013
 
December 31, 2012
Balance, beginning of year
 
$
18,134,902

 
$
16,782,918

Write-off of loan loss reserve related to Iona Lakes taxable property loan receivable
 
(7,216,484
)
 
—

Provision for loan loss
 
168,000

 
—

Foreclosure of Woodland Park bond
 
(1,278,124
)
 
—

Accrued interest not recognized
 
1,055,854

 
1,351,984

Balance, end of period
 
$
10,864,148

 
$
18,134,902