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Segments (Tables)
 6 Months Ended
Jun. 30, 2021
Segment Reporting [Abstract]  
Summary of Partnership Reportable Segment Information

The following table details certain financial information for the Partnership’s reportable segments for the three and six months ended June 30, 2021 and 2020:

 

 

 

For the Three Months Ended June 30,

 

 

For the Six Months Ended June 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Total revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

11,034,482

 

 

$

10,247,228

 

 

$

21,829,270

 

 

$

20,453,031

 

Other Investments

 

 

3,583,841

 

 

 

2,374,237

 

 

 

5,482,017

 

 

 

3,777,852

 

MF Properties

 

 

1,788,173

 

 

 

1,856,954

 

 

 

3,482,697

 

 

 

3,809,201

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

174,470

 

Total revenues

 

$

16,406,496

 

 

$

14,478,419

 

 

$

30,793,984

 

 

$

28,214,554

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

5,035,615

 

 

$

4,597,328

 

 

$

9,979,892

 

 

$

10,095,527

 

Other Investments

 

 

40,498

 

 

 

-

 

 

 

40,498

 

 

 

-

 

MF Properties

 

 

281,983

 

 

 

291,988

 

 

 

564,181

 

 

 

613,764

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

197,993

 

Total interest expense

 

$

5,358,096

 

 

$

4,889,316

 

 

$

10,584,571

 

 

$

10,907,284

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

5,811

 

 

$

3,359

 

 

$

11,622

 

 

$

5,783

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

MF Properties

 

 

679,073

 

 

 

708,722

 

 

 

1,356,722

 

 

 

1,415,736

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total depreciation expense

 

$

684,884

 

 

$

712,081

 

 

$

1,368,344

 

 

$

1,421,519

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

1,290,784

 

 

$

2,301,494

 

 

$

3,840,236

 

 

$

2,741,830

 

Other Investments

 

 

9,004,390

 

 

 

2,372,437

 

 

 

13,710,611

 

 

 

3,775,589

 

MF Properties

 

 

(30,494

)

 

 

(85,583

)

 

 

(293,313

)

 

 

(338,313

)

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,390,999

 

Net income (loss)

 

$

10,264,680

 

 

$

4,588,348

 

 

$

17,257,534

 

 

$

7,570,105

 

 

The following table details total assets for the Partnership’s reportable segments as of June 30, 2021 and December 31, 2020:

 

 

 

June 30, 2021

 

 

December 31, 2020

 

Total assets

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

1,172,640,853

 

 

$

1,114,146,614

 

Other Investments

 

 

96,636,495

 

 

 

106,931,182

 

MF Properties

 

 

67,387,271

 

 

 

67,988,190

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

Consolidation/eliminations

 

 

(102,678,760

)

 

 

(113,818,107

)

Total assets

 

$

1,233,985,859

 

 

$

1,175,247,879