Segment Reporting (Tables)

12 Months Ended

Dec. 31, 2016

Segment Reporting [Abstract]

Schedule of Segment Reporting Information, by Segment

The following table details certain key financial information for the Partnership’s reportable segments for the three years ended December 31:

	2016		2015		2014
Total revenues
Mortgage Revenue Bond Investments	$	36,673,232	$	38,772,872	$	23,227,674
MF Properties		17,404,439		17,789,125		14,250,572
Public Housing Capital Fund Trust		2,888,035		2,994,482		3,038,819
MBS Securities Investments		17,921		225,890		1,423,958
Other Investments		1,995,123		170,922		-
Total revenues	$	58,978,750	$	59,953,291	$	41,941,023
Interest expense
Mortgage Revenue Bond Investments	$	11,904,616	$	10,787,252	$	7,147,092
MF Properties		2,200,531		2,659,350		2,319,928
Public Housing Capital Fund Trust		1,349,800		1,221,713		1,295,238
MBS Securities Investments		14,692		157,902		403,653
Total interest expense	$	15,469,639	$	14,826,217	$	11,165,911
Depreciation expense
Mortgage Revenue Bond Investments	$	-	$	-	$	-
MF Properties		5,980,483		5,888,973		4,801,533
Public Housing Capital Fund Trust		-		-		-
MBS Securities Investments		-		-		-
Total depreciation expense	$	5,980,483	$	5,888,973	$	4,801,533
Income (loss) from continuing operations
Mortgage Revenue Bond Investments	$	11,755,639	$	17,924,037	$	13,181,961
MF Properties		8,442,704		2,964,297		(938,151	)
Public Housing Capital Fund Trust		1,538,234		1,758,022		1,714,968
MBS Securities Investments		51,984		67,547		1,017,637
Other Investments		1,995,123		170,922		-
Income from continuing operations	$	23,783,684	$	22,884,825	$	14,976,415
Net income (loss)
Mortgage Revenue Bond Investments	$	11,755,639	$	17,924,037	$	13,181,961
MF Properties		8,443,527		2,967,098		(933,478	)
Public Housing Capital Fund Trust		1,538,234		1,758,022		1,714,968
MBS Securities Investments		51,984		67,547		1,017,637
Other Investments		1,995,123		170,922		-
Discontinued Operations		-		3,721,397		52,773
Partnership net income	$	23,784,507	$	26,609,023	$	15,033,861

The following table details total assets for the Company’s reportable segments for the two years ended December 31:

Total assets	December 31, 2016			December 31, 2015 (1)
Mortgage Revenue Bond Investments	$	764,995,675		$	658,846,881
MF Properties		129,895,112			141,704,103
Public Housing Capital Fund Trust Certificates		57,461,268			61,021,462
MBS Securities Investments		-			15,035,061
Other Investments		34,540,280			7,726,970
Consolidation/eliminations		(42,778,661	)		(17,223,994	)
Total assets	$	944,113,674		$	867,110,483

(1) The Partnership has reduced the reported assets of the Mortgage Revenue Bond Investments segment and the consolidation and eliminations amount by approximately $182.7 million to eliminate intercompany activity within the Mortgage Revenue Bond Investments segment.