Debt Financing (Tables)

9 Months Ended

Sep. 30, 2013

Tender Option Bond Financings



Description of the Tender Option Bond Financings	Outstanding Debt Financing at September 30, 2013		Stated Maturity

PHC Trust Certificates	$	48,995,000	June 2014
Autumn Pines	9,850,000		July 2014
MBS - Trust 1	2,585,000		April 2014
MBS - Trust 2	4,090,000		April 2014
MBS - Trust 3	3,240,000		April 2014
MBS - Trust 4	5,960,000		April 2014
MBS - Trust 5	10,545,000		April 2014
Greens of Pine Glen	5,715,000		December 2013
Arbors of Hickory Ridge	7,000,000		February 2014
MBS - Trust 6	7,825,000		February 2014
Avistar Properties	20,000,000		June 2014
Total TOB Debt Financing	$	125,805,000

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 September 30, 2013 contractually matures over the next five years and thereafter as follows:



2013	$	6,000,000
2014	128,673,000
2015	1,139,000
2016	1,192,000
2017	89,565,000
Thereafter	—
Total	$	226,569,000

The Company’s mortgages payable as of September 30, 2013 contractually mature over the next five years and thereafter as follows:



2013	$	43,790
2014	36,207,342
2015	6,318,264
2016	7,269,386
2017	1,963,249
Thereafter	—
Total	$	51,802,031

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

The par value of the tax-exempt mortgage revenue bonds included in this financing facility as of September 30, 2013 and December 31, 2012 are as follows:



Description of Tax-Exempt	Outstanding Bond Par Amounts
Mortgage Revenue Bonds	September 2013		December 31, 2012		Financial Statement Presentation
Ashley Square	$	5,224,000	$	5,260,000	Tax-exempt mortgage revenue bond
Bella Vista	6,545,000		6,600,000		Tax-exempt mortgage revenue bond
Bent Tree	7,560,000		7,614,000		Consolidated VIE
Bridle Ridge	7,715,000		7,765,000		Tax-exempt mortgage revenue bond
Brookstone	9,358,555		9,416,794		Tax-exempt mortgage revenue bond
Cross Creek	8,515,959		8,568,409		Tax-exempt mortgage revenue bond
Fairmont Oaks	7,376,000		7,439,000		Consolidated VIE
Lake Forest	9,024,000		9,105,000		Consolidated VIE
Runnymede	10,565,000		10,605,000		Tax-exempt mortgage revenue bond
Southpark	13,900,000		13,900,000		Tax-exempt mortgage revenue bond
Woodlynn Village	4,443,000		4,460,000		Tax-exempt mortgage revenue bond
Ohio Series A Bond ⁽¹⁾	14,519,000		14,582,000		Consolidated MF Property
Villages at Lost Creek	18,090,000		18,315,000		Tax-exempt mortgage revenue bond
Total	$	122,835,514	$	124,648,502

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