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Segments (Tables)
 9 Months Ended
Sep. 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 nine months ended September 30, 2021 and 2020:

 

 

 

For the Three Months Ended September 30,

 

 

For the Nine Months Ended September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Total revenues

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

12,795,214

 

 

$

10,763,544

 

 

$

34,624,484

 

 

$

31,216,575

 

Other Investments

 

 

3,074,909

 

 

 

1,527,472

 

 

 

8,556,926

 

 

 

5,305,324

 

MF Properties

 

 

1,811,778

 

 

 

1,548,931

 

 

 

5,294,475

 

 

 

5,358,132

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

174,470

 

Total revenues

 

$

17,681,901

 

 

$

13,839,947

 

 

$

48,475,885

 

 

$

42,054,501

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

5,186,465

 

 

$

4,813,114

 

 

$

15,166,356

 

 

$

14,908,641

 

Other Investments

 

 

193,876

 

 

 

-

 

 

 

234,375

 

 

 

-

 

MF Properties

 

 

283,111

 

 

 

292,318

 

 

 

847,292

 

 

 

906,082

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

197,993

 

Total interest expense

 

$

5,663,452

 

 

$

5,105,432

 

 

$

16,248,023

 

 

$

16,012,716

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Depreciation expense

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

5,912

 

 

$

4,688

 

 

$

17,534

 

 

$

10,471

 

Other Investments

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

MF Properties

 

 

675,013

 

 

 

715,095

 

 

 

2,031,735

 

 

 

2,130,831

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

Total depreciation expense

 

$

680,925

 

 

$

719,783

 

 

$

2,049,269

 

 

$

2,141,302

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income (loss)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

3,453,537

 

 

$

(1,852,974

)

 

$

7,293,774

 

 

$

888,856

 

Other Investments

 

 

9,836,133

 

 

 

1,527,605

 

 

 

23,546,743

 

 

 

5,303,194

 

MF Properties

 

 

(301,286

)

 

 

(834,648

)

 

 

(594,599

)

 

 

(1,172,961

)

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

 

 

-

 

 

 

1,390,999

 

Net income (loss)

 

$

12,988,384

 

 

$

(1,160,017

)

 

$

30,245,918

 

 

$

6,410,088

 

 

 

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

 

 

 

September 30, 2021

 

 

December 31, 2020

 

Total assets

 

 

 

 

 

 

 

 

Mortgage Revenue Bond Investments

 

$

1,223,689,462

 

 

$

1,114,146,614

 

Other Investments

 

 

92,248,043

 

 

 

106,931,182

 

MF Properties

 

 

67,379,270

 

 

 

67,988,190

 

Public Housing Capital Fund Trusts

 

 

-

 

 

 

-

 

Consolidation/eliminations

 

 

(98,815,256

)

 

 

(113,818,107

)

Total assets

 

$

1,284,501,519

 

 

$

1,175,247,879