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Segments (Tables)
 6 Months Ended
Jun. 30, 2018
Segment Reporting [Abstract]  
Summary of Partnership Reportable Segment Information

The following table details certain key financial information for the Partnership’s reportable segments for the three and six months ended June 30, 2018 and 2017:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Total revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

11,098,140

 

 

$

11,059,940

 

 

$

23,168,696

 

 

$

21,648,438

 

MF Properties

 

 

2,477,442

 

 

 

3,306,722

 

 

 

4,813,954

 

 

 

7,099,137

 

Public Housing Capital Fund Trust

 

 

622,961

 

 

 

719,182

 

 

 

1,243,067

 

 

 

1,427,968

 

Other Investments

 

 

1,586,622

 

 

 

1,148,456

 

 

 

3,017,482

 

 

 

2,099,145

 

Total revenues

 

$

15,785,165

 

 

$

16,234,300

 

 

$

32,243,199

 

 

$

32,274,688

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

5,265,140

 

 

$

4,938,029

 

 

$

9,782,760

 

 

$

9,509,484

 

MF Properties

 

 

408,131

 

 

 

534,245

 

 

 

798,832

 

 

 

1,059,832

 

Public Housing Capital Fund Trust

 

 

245,596

 

 

 

369,053

 

 

 

219,580

 

 

 

714,264

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total interest expense

 

$

5,918,867

 

 

$

5,841,327

 

 

$

10,801,172

 

 

$

11,283,580

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

MF Properties

 

 

919,456

 

 

 

1,265,335

 

 

 

1,823,409

 

 

 

2,620,566

 

Public Housing Capital Fund Trust

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total depreciation expense

 

$

919,456

 

 

$

1,265,335

 

 

$

1,823,409

 

 

$

2,620,566

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Partnership net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

2,308,290

 

 

$

2,592,768

 

 

$

6,607,885

 

 

$

4,821,821

 

MF Properties

 

 

(95,425

)

 

 

18,047

 

 

 

(458,155

)

 

 

3,763,592

 

Public Housing Capital Fund Trust

 

 

(453,697

)

 

 

350,129

 

 

 

192,425

 

 

 

713,704

 

Other Investments

 

 

1,578,953

 

 

 

1,148,456

 

 

 

3,000,270

 

 

 

2,099,145

 

Partnership net income

 

$

3,338,121

 

 

$

4,109,400

 

 

$

9,342,425

 

 

$

11,398,262

 

 

The following table details total assets for the Partnership’s reportable segments at June 30, 2018 and December 31, 2017:

 

 

 

June 30, 2018

 

 

December 31, 2017

 

Total assets

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

892,881,652

 

 

$

937,565,390

 

MF Properties

 

 

82,642,061

 

 

 

83,514,758

 

Public Housing Capital Fund Trust Certificates

 

 

49,344,607

 

 

 

49,918,434

 

Other Investments

 

 

76,199,168

 

 

 

55,573,834

 

Consolidation/eliminations

 

 

(77,536,608

)

 

 

(56,804,417

)

Total assets

 

$

1,023,530,880

 

 

$

1,069,767,999