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

The following tables detail certain key financial information for the Partnership’s reportable segments for the three and nine months ended September 30, 2018 and 2017:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

Total revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

21,440,970

 

 

$

11,035,530

 

 

$

44,609,666

 

 

$

32,683,968

 

MF Properties

 

 

2,285,736

 

 

 

3,257,174

 

 

 

7,099,690

 

 

 

10,356,311

 

Public Housing Capital Fund Trust

 

 

617,661

 

 

 

711,823

 

 

 

1,860,728

 

 

 

2,139,791

 

Other Investments

 

 

1,656,748

 

 

 

1,230,303

 

 

 

4,674,230

 

 

 

3,329,448

 

Total revenues

 

$

26,001,115

 

 

$

16,234,830

 

 

$

58,244,314

 

 

$

48,509,518

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

5,225,938

 

 

$

4,786,151

 

 

$

15,008,698

 

 

$

14,295,635

 

MF Properties

 

 

420,950

 

 

 

556,200

 

 

 

1,219,782

 

 

 

1,616,032

 

Public Housing Capital Fund Trust

 

 

338,375

 

 

 

371,830

 

 

 

557,955

 

 

 

1,086,094

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total interest expense

 

$

5,985,263

 

 

$

5,714,181

 

 

$

16,786,435

 

 

$

16,997,761

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

-

 

 

$

-

 

 

$

-

 

 

$

-

 

MF Properties

 

 

849,516

 

 

 

1,256,202

 

 

 

2,672,925

 

 

 

3,876,768

 

Public Housing Capital Fund Trust

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total depreciation expense

 

$

849,516

 

 

$

1,256,202

 

 

$

2,672,925

 

 

$

3,876,768

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Partnership net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

12,039,700

 

 

$

2,604,989

 

 

$

18,647,585

 

 

$

7,426,810

 

MF Properties

 

 

4,228,494

 

 

 

(626,827

)

 

 

3,770,339

 

 

 

3,136,765

 

Public Housing Capital Fund Trust

 

 

(30,672

)

 

 

339,993

 

 

 

161,753

 

 

 

1,053,697

 

Other Investments

 

 

1,645,533

 

 

 

1,227,328

 

 

 

4,645,803

 

 

 

3,326,473

 

Partnership net income

 

$

17,883,055

 

 

$

3,545,483

 

 

$

27,225,480

 

 

$

14,943,745

 

 

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

 

 

 

September 30, 2018

 

 

December 31, 2017

 

Total assets

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

882,106,195

 

 

$

937,565,390

 

MF Properties

 

 

71,664,933

 

 

 

83,514,758

 

Public Housing Capital Fund Trust Certificates

 

 

49,099,991

 

 

 

49,918,434

 

Other Investments

 

 

95,948,632

 

 

 

55,573,834

 

Consolidation/eliminations

 

 

(97,602,834

)

 

 

(56,804,417

)

Total assets

 

$

1,001,216,917

 

 

$

1,069,767,999